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Herconomy Updates
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Tech Updates
Jumia Kenya opens an integrated warehouse and logistics network facility to transform its Express operations
Jumia Kenya, an eCommerce startup, has opened a new integrated warehouse and logistics network facility in Nairobi to improve the shopping experience of its customers. Read more…
Ivorian fintech startup, Julaya, raises an extra $5 million pre-Series A round to expand across Francophone West Africa
Julaya, an Ivorian payments fintech startup, has raised an additional $5 million in a pre-Series A round, bringing the total amount raised in this round to $7 million. Read more…
Business Matters
Nigeria’s high demand for foreign education fuels billions of naira in revenue for the British Council
Nigerians looking to exit the country in exchange for foreign education and a better life are fueling billions of naira in revenue for British Council. Read more…
NCC says it has deployed 84 IT projects across Nigeria to support persons with disabilities
The Nigerian Communications Commission (NCC) said it had deployed 84 assistive Information Technology projects at different locations in Nigeria to support people with special needs while supporting policies that enable disadvantaged members of the society to live a more qualitative life. Read more…
FG in urgent need of $2bn debt owed by oil firms, says NEITI
The Executive Secretary, Nigeria Extractive Industries Transparency Initiative (NEITI) Orji Ogbonnaya Orji has tasked oil and gas companies to pay over $2 billion in debt owed to the Federal Government, saying the government is in dire need of funds to fund its several projects. Read more…
Firms launch initiatives to motivate African youths
Massilia Motors, the sole distributor of Mitsubishi Motors in Nigeria, has partnered with Under 40 CEOs, a platform which inspires and motivates young business leaders across Africa, to launch the second edition of the ‘Mitsubishi Drive Your Ambition show’ starting in September. Read more…
Manufacturers spend N639bn on power, and self-generate over 14,000MW
Rising energy costs are disrupting productive activities in Africa’s most populous nation as factories self-generate more than 14,000 megawatts of electricity due to poor supply from power distribution companies. Read more
Aviation firm acquires N500m handling equipment
The Nigerian Aviation Handling Company Plc has taken delivery of a new set of ground support equipment, which includes four high-capacity Mallaghan mobile steps with chutes and a 14 tonnes cargo main deck high loader. Read more…
FG to tackle insecurity with satellite imageries
The Office of the Surveyor General of the Federation has pledged to collaborate with security agencies on the production and usage of the 3D interactive map to assist security operatives in the war against insecurity in the country. Read more…
Quote of the Day
“Your destiny is to fulfil those things upon which you focus most intently. So choose to keep your focus on that which is truly magnificent, beautiful, uplifting and joyful. Your life is always moving toward something.”
—Ralph Marston