Reliance Health, an emerging markets-focused digital healthcare provider, has announced the completion of a $40 million Series B funding round led by General Atlantic, a global growth equity investor. Participants in the deal include Partech, Picus Capital, Tencent Exploration, AAIC (Asia Africa Investment and Consulting), P1 Ventures, Laerdal Million Lives Fund, M3, Inc., and Arvantis Social Foundation. Digital Times understands that with this funding, Reliance Health has successfully closed the largest Series B round in the African HealthTech industry to date. The newly-established partnership also marks General Atlantic’s first technology investment in Africa. To date, Reliance Health has raised…
Author: DigitalTimesNG
The ongoing migration from Google Workspace and Microsoft 365 results in an influx of new customers for Zoho’s collaboration and communication platform
Oracle has announced support of $1 million for tech startups in Africa that will help accelerate their digital initiatives with the latest cloud technologies and business resources. Led by Oracle for Startups, Oracle will provide extra resources and support to technology startups across Africa over the next two years. Cloud credits of up to $10,000 for 100 startups will be made available as part of this program. Hands-on technical support, executive mentoring, go-to-market resources, and customer engagements will also be offered to startups. “At Oracle for Startups, we help startups grow from grassroots through scaling. Africa is a hotbed for…
Airtel Africa has released its Q3 results for the year 2021 reporting a 21.7% revenue growth to $3.4 billion. The telco recorded underlying revenue growth across all regions with Nigeria recording the highest 29.0%, East Africa up 24.4% and Francophone Africa up 19.0%; and across all key services, with revenue in Voice up 16.1%, and in Data and Mobile Money both up 37.2%. Underlying EBITDA was $1,703m, growing by 31.3% in reported currency with an EBITDA margin of 48.8%, an increase of 326 basis points led by both revenue growth and improved operational efficiencies. Operating profit grew by 43.1% to…
The National Information Technology Development Agency (NITDA) has recognised Cellulant Nigeria among the 2020-2021 Nigeria Data Protection Regulation (NDPR) Audit Compliant Organisations. The Nigeria Data Protection Regulation (NDPR), issued in January 2019 under Section 6 (a,c) of the NITDA Act 2007, is the current national law on data protection in Nigeria. It applies to public and private sector processing of personal data within and outside Nigeria. Cellulant said the recognition demonstrates its commitment to protecting its customers’ personal information and availing them of the opportunity to exercise their rights as data subjects. This commitment extends to Cellulant’s continued efforts to…
-Appoints Olatunji Pioneer National Commissioner
Nigeria’s leading cutting-edge technology hub, the Tech Experience Centre in collaboration with official media partner, Plat4om, is set to host a maiden Amapiano event to usher in the love season, as part of this year’s Valentine’s Day celebration. Tagged Amapiano & Vibes, the classic, love and fun event take centre stage on Friday, February 11, 2022, at the Tech Experience Centre located at 13 Idowu Martins, Victoria Island, Lagos from 6 pm. Amapiano is a hybrid of deep house, jazz and lounge music characterized by synths, airy pads and wide percussive basslines, distinguished by high-pitched piano melodies which emerged…
Nigerian Startup to provide blockchain, Crypto infrastructure for businesses
Binance, the world’s largest cryptocurrency exchange, has restricted the accounts of 281 Nigerian customers. Changpeng Zhao, Binance’s CEO, cited the necessity to comply with international money laundering regulations in order to safeguard the security of the platform for traders. In a letter to Nigerian customers dated January 29, Changpeng Zhao stated that the decision to block some personal accounts was made to ensure user safety, with more than a third of the accounts impacted being restricted at the request of international law enforcement. “To guarantee our community is secured, protection methods such as know your customer, anti-money laundering measures,…
Jamaica plans to roll out its digital currency across the country in the first quarter of this year, in an effort to cut transaction costs and give financial services to residents who do not use banks. The Bank of Jamaica had in December, announced that a pilot program to issue 230 million Jamaican dollars (US$1.5 million) of the new currency had been completed. “The majority of Jamaicans are financially excluded,” said Natalie Haynes, deputy governor for banking and currency operations and financial markets infrastructure at the Bank of Jamaica. Each year, the bank intends to replace 5% of Jamaican…