French media company Canal+ Group has completed the acquisition of ROK Studios, a Nollywood studio company that has produced over 550 movies and TV series as it attempts to gain a stronger foothold in French-speaking African countries.
Nigeria-based OPay has closed a new $50 million funding round, the largest for any Nigerian tech startup so far in 2019. The company will use the new funding to deepen its roots in the Nigerian market for all its digital businesses including ORide and OFood. It also has plans to expand to other African markets.
Lagos is the biggest market for bike hailing in Nigeria. With its over 20 million residents (reportedly), Lagos is the first market of choice for all bike hailing startups in Nigeria. Yet, Lagos is one Nigerian state that has imposed tight controls over motorcycle transportation.
Founders Factory Africa (FFA) has partnered with Netcare run an acceleration and incubation program for healthcare startups. Both firms will provide funding and support to more than 35 healthcare startups across Africa.
With social media giant Facebook looking to be saddled with more deceased user accounts than living by 2100, there is an increasing need to think about what happens to our digital assets after we pass on.
The Lagos State DNA and Forensics Center (LSD&FC) was commissioned in 2017, and was hailed as the first “high-powered DNA forensic laboratory in Nigeria” with the mandate to conduct scientific investigation of crime in the state, using DNA analysis.