August 19, 2017
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Paul Adepoju, Author at TechCity

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Paul AdepojuAug 17, 20172min

Deborah Liu, Facebook’s VP for Marketplace,  has announced the roll out of Facebook Marketplace to 17 countries across Europe (Austria, Belgium, the Czech Republic, Denmark, Finland, France, Germany, Hungary, Ireland, Italy, Luxembourg, Netherlands, Norway, Portugal, Spain, Sweden and Switzerland), giving more people a single destination on Facebook to discover, buy and sell goods in their local communities.

Marketplace has already expanded to six countries – Australia, Canada, Chile, Mexico, New Zealand and the UK.


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Paul AdepojuAug 17, 20172min

Apple CEO Tim Cook has revealed the company is taking a strong response to the white supremacy-associated violence on display in Charlottesville, USA over the weekend, and unlike President Donald Trump, he went on to make an unequivocal call about who was in the wrong.

“I disagree with the president and others who believe that there is a moral equivalence between white supremacists and Nazis, and those who oppose them by standing up for human rights,” writes Cook.

According to him, equal treatment of all people is fundamental to his own morality and that of Apple, which is expressed through its products and actions.


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Paul AdepojuAug 14, 20172min

Rocket Internet, owners of Jumia and several other major tech companies, this morning announced that its Management Board with consent of the Supervisory Board, has resolved to carry out a share buy-back program with a total maximum consideration (excluding ancillary costs) of up to 100 million Euro and a maximum volume of up to 5,000,000 shares, representing a maximum of up to 3.03% of the outstanding share capital of Rocket Internet.

In a statement made available to TechCity, Rocket Internet said the buy-back will be executed via Xetra trading on the Frankfurt Stock Exchange and will begin on August 14, 2017 and end on April 30, 2018. The repurchased shares are intended to be redeemed, and Rocket Internet’s share capital is intended to be reduced accordingly.


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Paul AdepojuAug 14, 20176min

Nigeria’s communications minister Adebayo Shittu, has called for partnerships that would ensure the success of the Nigerian government’s smart cities initiative. He said this in Nigeria’s capital city of Abuja at a two-day Smart Cities multi-stakeholders international summit sponsored by Huawei.

Other partners for the summit included Smart Cities Nigeria, Ministry of Communications, Ministry of Works, Housing and Power, Federal Capital Territory Administration and Ministry of Environment.


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Paul AdepojuAug 10, 20172min

Nigeria’s traveling to several African cities can now book hotels in such destinations from one of Nigeria’s major online booking platforms, Nitestay.com.

Speaking to TechCity, the founder and CEO of the startup, Femi Okanla, said the move is in line with the company’s projected business framework, adding that the demand and request from customers for bookings outside Nigeria accelerated the push for the expansion.

Reminiscing on the experience the company had when interacting with the hotels in other African countries that are now accessible on Nitestay.com, Okanla said they enjoyed warm reception from the hotels who, according to him, have high interest in having their hotels available to Nigerian travelers.


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Paul AdepojuAug 9, 20172min

After weeks of rumors and leaks, it is official, Jumia Market formerly known as Kaymu is shutting down according to Jumia. In its prime days, the platform was the meeting point for individual buyers and sellers.

This move, according to the company is a part of its “restructuring in a bid to boost its growth and strengthen the group’s presence in Kenya.”

Sam Chappatte, Jumia Kenya’s managing director, said the integration of Jumia Market into Jumia’s e-commerce operations will allow the group to focus its attention on projects with the highest possible return on investment. Jumia operates nine products in 23 African countries. Its total transactions grew by 4.3 percent despite active customers reducing by 100,000 to 1.5 million.


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Paul AdepojuAug 8, 20175min

iflix, a major Subscription Video on Demand (SVoD) service for emerging markets, today announced it has completed a $133 million funding round as it continues to deliver on its vision of bringing the world’s best entertainment to its audiences.

In a statement, iflix said the funding round attracted significant interest from both new investors and existing shareholders. This round was led by Hearst, a major American diversified media, information and services companies; other investors included additional new investors Singapore-based EDBI and clients of DBS private bank. Existing shareholders Evolution Media, Sky PLC, Catcha Group, Liberty Global, Jungle Ventures and PLDT Inc. also increased their investments.


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Paul AdepojuAug 7, 20175min

Late July, Google CEO, Sundar Pichai, was in Nigeria unannounced and he spoke at the Google for Nigeria event which was largely a showcase of Google’s agenda for Nigeria and Africa.

Although many in attendance expected he would deliver a keynote address, he went for a keynote interview instead during which he somehow revealed the uniqueness of Google and its products.

According to him, Google’s product design is such that it can be used by anyone – from the professor in Harvard to the child on the street of Lagos.


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Paul AdepojuAug 4, 20171min

Nigerian betting company, NaijaBet.com, wants Nigerians to place bets on when they think the president, Muhammadu Buhari, who is currently recuperating in London where he has been since May 7, will return to Nigeria.

To this effect, the online betting company has launched the ‘Buhari to Return’ game which it claimed is not a disrespect to Nigeria’s Number One citizen.

“We would just like to put this on record, Nigerians want their president back, we are only trying to voice the yearning of the people via the little platform we have,” Naija Bet tweeted on Thursday.


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Paul AdepojuAug 3, 20172min

Nigeria has adopted what3words for mail deliveries, becoming the third African country to do so. The system is already being used in Mongolia, Sint Maarten, Côte d’Ivoire, Djibouti, Tonga and Solomon Islands.

In a statement, what3words said NIPOST is working to modernise and streamline its operations, and has set itself the ambitious target of increasing home delivery to 70% within the next 2 years and 90% by 2020 through the Mail for Every House Initiative (MEHI). The adoption of 3 word addresses for deliveries across the country will help to achieve this goal.