-Allocation of an additional 86.25 million shares was activated
-Retail shareholders receive full allotment despite over-subscription
-Institutional shareholders under the Bookbuild were pro-rated as a result of the over-subscription
-114,938 new CSCS accounts were created representing new market participants
-Approximately 76% of successful applicants via the digital platforms are women, and 85% are under age 40
Author: DigitalTimesNG
Ceragon Networks, a global innovator and solutions provider of 5G wireless transport, has announced that it has signed a deal with Globacom, Nigeria’s second-largest telecom operator, to further expand its network and enable it to maintain its cutting-edge technology. Telecom watchers say Globacom aspires to build Africa’s biggest and best telecommunications network, and, as such, believe the deal with Ceragon will significantly increase its network capacity and enhance service delivery to customers. Ceragon will as part of this multimillion-dollar deal, be providing Globacom with a customized solution that covers long-haul rural areas, high-capacity metro as well as the access network…
Bamboo, a Nigerian startup and a brokerage app that lets Africans buy and trade US stocks in real-time, has raised a US$15 million Series A funding round to accelerate its growth, move into new markets and launch more products. Unveiled in January 2020, Bamboo is an investment platform that unlocks global markets for Africans by providing real-time access to dollar-denominated assets via its platform. Users can fund with their dollar or local currency balance almost instantly and start investing in stocks. Bamboo has so far gained over 300,000 accounts in Nigeria. In the meantime, an API solution allows asset managers,…
Six more African startups have been confirmed as participants in the W22 batch of the renowned Silicon Valley-based Y Combinator accelerator, taking the total to 10 so far, according to a report in Disrupt Africa. The W22 batch of the Y Combinator programme, which played a role in the early days of companies like Airbnb, Coinbase and Dropbox among others, takes place between now and March. Participants receive seed funding as well as further investment opportunities at a demo day. The S21 edition of the accelerator had 15 African participants, the most yet, and Disrupt Africa reported earlier this month…
Nigerian prop-tech startup, Seso Global has launched regional offices in the United States (US) and the United Kingdom (UK) to better engage with communities in the diaspora. The new regional offices will also enable the startup to build partnerships that make it safe and easy to successfully invest in African real estate. Launched in 2019, Seso allows property developers, agents, and governments to manage their properties, documentation, and transactions on a secure blockchain database through the firm’s customer relationship management (CRM) system. Once verified, properties are listed on the Seso marketplace where clients can browse properties and interact with further…
Again, in a space of few days, the Nigerian Communications Commission (NCC), has informed the general public of a new high-risk, critical and Short Messaging Service-based malware called TangleBot, infecting Android mobile devices. The NCC said in a release signed by Dr. Ikechukwu Adinde, Director, Public Affairs at the NCC, that TangleBot employs more or less similar tactics as the recently-announced notorious FlutBot SMS Android malware that targets mobile devices. TangleBot equally gains control of the device but in a far more invasive manner than the FlutBot malware. The disclosure on TangleBot was made in a recent security advisory made…
The Cyber Security Incident Response Team (CSIRT) of the Nigerian Communications Commission said it has independently identified two cyber vulnerabilities and advised Nigerian telecom consumers on the measures to be taken to get protected from the cyber-attacks. DigitalTimesNG understands that the CSIRT, in its first-ever security advisories less than three months after its creation, has solely identified the two cyber-attacks targeting the consumers and proffer solutions that can help telecom consumers from falling victims to the two cyber vulnerabilities. The team said in a statement signed by the NCC Director of Public Affairs, Dr. Ikechukwu Adinde that the first of…
TD Africa, Sub-Saharan Africa’s leading distributor of tech, lifestyle and cutting-edge solutions has unveiled plans to empower over 10 million Nigerian women by 2025 aimed at engendering a mindset shift and contributing to harnessing the latent potential of the country’s burgeoning female population. Mrs. Chioma Ekeh. Chief Executive, TD Africa, disclosed the laudable initiative on Thursday, January 20, 2022. Ekeh said the first group of beneficiaries of the women empowerment initiative was the wives of junior employees drawn from TD Africa and other companies in the Zinox Group. To flag off the project, the women had earlier toured the office…
The partnership between Shell, one of the largest oil and gas exploration and production companies and SAP on its Young Professionals Program is producing a steady supply of work-ready digital skills that can support vital digital transformation efforts. World Bank data suggests more than 230 million jobs in Africa will require digital skills by the end of the decade, while a recent IFC report found that demand for digital skills will grow faster in Africa than in other global markets. “As a business, we are deeply committed to sustainable development and actively support development within our communities,” says Adeolu Okanlawon,…
Konga, Nigeria’s leading composite eCommerce giant, has rolled out a free delivery campaign that has heightened excitement among shoppers on its platform. Tagged “It’s the season of Love,” the Konga free delivery offer kicked off on Monday, January 24, 2022. Checks by our correspondent reveal there is palpable excitement among shoppers, many of whom have wasted no time in besieging Konga.com to take advantage of the offer. The free delivery campaign, DigitalTimesNG understands, covers shoppers in Lagos, Abuja, and Port Harcourt on orders above N4,599 across multiple categories. Among the wide variety of products across categories on offer for this…