Intron Health Secures $1.6M Pre-seed Funding to Develop AI for Global Health

Intron Health, a pioneering health tech company specialising in clinical speech recognition for over 200 accents spoken in developing countries, particularly in Africa, has raised $1.6M in pre-seed funding. The funding round was led by Microtraction, with contributions from Plug and Play Ventures, Jaza Rift Ventures, Octopus Ventures, Africa Health Ventures, OpenseedVC, Pi Campus, Alumni Angel, and Baker Bridge Capital. Angel investors from global companies such as Google, CLEAR Global, NYU, and Optum also participated.

REVEALED: Real Madrid Becomes First Football Club to Surpass $1 Billion in Annual Revenue

Real Madrid, the most successful club in world football, has set a historic benchmark by announcing an annual revenue exceeding $1 billion, excluding income from player sales.

FSCA Issues Urgent Fraud Alert Over Mutual Impersonation on Telegram

The Financial Sector Conduct Authority (FSCA) of South Africa has issued a warning regarding a fraudulent Telegram channel impersonating the Old Mutual Limited Group. This alert is part of the FSCA's broader effort to combat financial fraud and protect consumers from unauthorised financial activities.

AfDB’s Akinwumi Adesina Updates African Leaders on Bank’s Financial Mobilization Successes

Dr. Akinwumi Adesina, President of the African Development Bank Group (AfDB), recently briefed African leaders on the Bank’s achievements in mobilising financial resources for the continent's development needs at the African Union.

DLM Asset Management and Sofri Celebrate Arts and Culture at Jazz & Dance 2024

DLM Asset Management and Sofri, both subsidiaries of DLM Capital Group, proudly sponsored the maiden edition of Jazz & Dance 2024, held on July 21, 2024, at Alliance Francaise, Ikoyi. The collaboration underscores the group’s commitment to supporting the arts, culture, and the vibrant community that thrives on creativity and expression.

FCCPC Imposes $220m fine on Meta for Data and Consumer Rights Violations in Nigeria

The Federal Competition and Consumer Protection Commission (FCCPC) has imposed a significant $220 million fine on Meta Platforms Incorporated for multiple violations of Nigerian data and consumer protection laws. This unprecedented action was announced by Dr. Adamu Abdullahi, Acting Chief Executive Officer of the FCCPC, following a thorough investigation from May 2021 to December 2023.

Kuramo Capital Management Named Fund Manager for Nigeria Wholesale Impact Investment Fund

The Impact Investors Foundation (IIF) have announced the selection of Kuramo Capital Management as the fund manager for the Nigeria Wholesale Impact Investment Fund (WIIF). The collaboration represents a pivotal step in advancing Nigeria's sustainable development and impact investment initiatives.

LG Highlights the Difference Between OLED, QNED, and Others as Instore Gaming Takes Center Stage

LG Electronics (LG) has announced the launch of its LG OLED Instore Gaming Tournament in Lagos, Nigeria. The exciting event will feature a FIFA tournament, offering participants a chance to compete for the grand prize. Running from July to August 2024, the tournament will see players battling it out each Saturday, with winners advancing to the final showdown at the Challenge Arena in Lekki Brandshop on August 18, 2024.

AAAN Elects Noah’s Ark CEO, Lanre Adisa as President

The Association of Advertising Agencies of Nigeria (AAAN) has elected the Managing Director and Chief Creative Officer of Noah’s Ark Communications, Mr. Lanre Adisa as its 20th President at its 51st Annual General Meeting (AGM) held in Ogun on Saturday, July 20, 2024.

Promasidor Nigeria Appoints Eno Udoma-Eniang as Corporate Affairs & IDF Director

Promasidor Nigeria Limited has announced the appointment of Dr. Eno Udoma-Eniang as Corporate Affairs & Ikun Dairy Farm (IDF) Director, effective July 8th, 2024.

New Era of Inclusive Energy Dialogue Begins as Sankofa Events to Acquire Africa Oil Week

Africa Oil Week (AOW), the prominent Africa-hosted oil and gas conference will be acquired by Sankofa Events, a London-based startup established in July 2024 and led by Paul Sinclair, former Government Relations Executive of Africa Oil Week. This acquisition aims to transform the conference by promoting investment and development in the African energy sector. The African Energy Chamber (AEC) sees this strategic move as crucial for fostering a more inclusive dialogue on African energy matters. Under Sankofa Events, AOW has the opportunity to redefine itself as an event that is not only hosted in Africa but driven by African interests.

LG's New Campaign "Life's Good When You Get More Care" Puts Family and Home at the Center

LG Electronics (LG) has launched its latest campaign of short videos under the “Life’s Good” brand slogan, titled "Get More Care." This follows the success of previous themes “Get More Love” and “Get More Magic,” aiming to showcase how LG products foster small gestures of love and care among family members, creating true "Life’s Good" moments filled with unforgettable experiences.

Emirates SkyCargo Orders 5 More Boeing 777 Freighters

Emirates SkyCargo, the cargo division of the world's largest international airline, has placed a firm order for five additional Boeing 777 freighters. The US$ 1 billion order, with deliveries scheduled between 2025 and 2026, will increase the airline's total fleet to 315 wide-body aircraft.

WISCAR and UN Women Conduct Workshop on Gender-Responsive Procurement for Private Sector

Women in Successful Careers (WISCAR), in partnership with UN Women and other development organisations, conducted a one-day workshop focused on Gender-Responsive Procurement (GRP) at the Pearlwort Hotel & Suites Ikeja. This event was specifically tailored for procurement officers in private sector organisations.

Nigeria Prepares for Satellite Upgrade as NIGCOMSAT-1R Nears End of Service

The Nigerian Communications Satellite Limited (NIGCOMSAT) has begun the process of replacing its communications satellite, NIGCOMSAT-1R, by actively seeking international investors and partners. This initiative, led by NIGCOMSAT’s Managing Director Jane Nkechi Egerton-Idehen, responds to the impending end of NIGCOMSAT-1R’s operational lifespan, anticipated in 2026 after 15 years of service.