• BURN MEDIA
    • Memeburn
      Tech-savvy insight and analysis
    • Gearburn
      Incisive reviews for the gadget obsessed
    • Motorburn
      Because cars are gadgets
    • Jobsburn
      Digital industry jobs for the anti 9 to 5!

All posts by Paul Adepoju

  • Nigeria founded card brand Verve International expands to Kenya

    In pursuit of its goal to become the continent’s leading payment card brand, Verve International, which is extensively regarded as one of the tech success stories from Nigeria, has officially entered the East African market starting with Kenya. The company announced its entrance into the Kenyan market at a launch event in Kenya’s capital city of Nairobi where the company also announced a strategic partnership with Kenya Commercial Bank (KCB). The partnership with KCB will make it possible for Verve to expand its card acceptance and payment services to six key East African markets. Verve calls itself Nigeria’s ‘biggest payment...

  • Ideas don’t sell – African startups need proper business skills

    Michele Grosso, the founder and CEO of insurance company Democrance, believes that startups in Africa lack business skills. This is one of the observations he made while serving as the on-the-bus mentor for Ampion Venture Bus initiative. In a chat at the lobby of Eko Hotels and Suites in Lagos, Nigeria Grosso told Ventureburn that even though startups in Africa are passionate about their ventures, they often lack the business skills that are expected in a person trying to run these types of businesses. “This is probably due in part to lack of proper business education; they don't have access to...

  • AIG startups in Nigeria get zero data app deal

    This week, online marketplace Kaymu becomes the latest member of the Africa Internet Group (AIG) network of companies to get zero data apps on the MTN network and this follows previous announcement of similar services for ecommerce giant Jumia and hotel booking platform Jovago. This is how it works. MTN is offering these startups zero-rate data usage and this means that current and prospective users of the services offered by these companies, on the MTN network, can do so for free on the network without incurring any data costs. The network and the companies believe the partnership would not only accelerate...

  • Kaymu is the latest Nigerian ecommerce player to step into the physical world

    Online marketplace Kaymu has officially announced the introduction of Kaymu Village, a move that is largely described as an offline effort aimed to attract those that are still skeptical about making transactions online. "For a long time, customers who bought products through the Internet on Kaymu.com.ng could only complete their payments via bank transfers, cash on delivery and Kaymu Safepay. This prevented those Nigerian consumers who are not able to access the Internet from participating in online shopping and e-commerce. Currently Nigeria only counts about 67 million Internet users in a nation of over 180 million," the company said in...

  • Nigeria’s SlimTrader secures $1m investment from Interswitch

    Nigeria’s SlimTrader, a turn-key ecommerce solution provider for businesses, has secured a one million dollar investment from Interswitch, an integrated digital payments and commerce company that facilitates the electronic circulation of money as well as the exchange of value between individuals and organisations on a timely and consistent basis. The additional funding provides the clearest sign yet of the power of SlimTrader’s flagship ecommerce platform, MoBiashara as it expands into the hospitality sector. With the fund, SlimTrader will be able to ramp up operations and help more hotels expand their market reach. The investment is from Interswitch’s ePayment Growth Fund,...

  • CcHub’s Bosun Tijani: ‘Nigeria can’t move forward if we don’t use technology smartly’ [Q&A]

    The story of tech entrepreneurship in Nigeria is incomplete without mentioning Lagos-based Co-Creation Hub (CCHub) considering its status as the first extensively recognised incubation centre and enabler of the startup ecosystem in Lagos. The tech hub's significance was also felt during the previous administration in Nigeria which, through the Communication Technology Ministry, partnered with CcHub on a number of projects including the development of Yaba, Nigeria's version of Silicon Valley. Comparing the number of successful ventures that have emanated from CcHub, however, has prompted some stakeholders in the ecosystem to believe that it is underperforming in that regard. But in this...

  • Parlez-vous français? How language is isolating Francofrique’s startups

    Startup conversations in Africa are largely on developments in South Africa, Nigeria, Kenya and Ghana. Little is often said about development in the Ivory Coast, which Francis Yapobi, the CEO of duty-free shopping startup Airshop, said could be due to language barriers. Speaking to Ventureburn in Lagos, Yapobi -- whose startup is the first Ivorian tech company to be among those that pitched at DEMO Africa -- said other Africans don’t hear about what is happening in the Ivory Coast’s startup ecosystem because of the existence of language barrier. "What is happening in other parts of Africa is also happening in...

  • $1m The Venture competition now open to Nigerian startups

    Startups in Nigeria can now compete to win their share of US$1-million from Chivas Regal's The Venture competition, which aims to ultimately recognise and support social enterprises from emerging markets. “We’re excited to announce the launch of The Venture and can’t wait to discover aspiring entrepreneurs across Nigeria," said Pernod Ricard Nigeria marketing director Sola Oke. "Whether your business focuses on technology, agriculture, healthcare, food or the environment, we want to hear about it." The competition will consist of three main stages: an open assessment process which identifies the 15 startups that will make it to the Semifinal Boot-Camp of the...

  • How online food delivery startup Food-i-like is making it outside of Lagos [Q&A]

    The last time I was at the offices of African Internet Group (AIG) in Nigeria’s tech capital city of Lagos, I noticed that there were more members of staff manning Kaymu Nigeria and Jovago Travel sections. The startup that had the least number of employees was the group’s online food ordering platform, Hellofood. This observation made me think about the likelihood of such a surviving outside of Lagos without the support of AIG. I found out there that there is actually a similar service outside Lagos -- in Abuja to be specific. It is called Food I Like and users...

  • Innovative pharmacy app wins pitching competition at NigeriaCom 2015

    A pharmacy-focused app that allows store owners to keep an inventory of drugs has won the inaugural edition of the Entrepreneur’s Hub held at the NigeriaCom conference and exhibition. AGCNigeria’s GenRX help owners of small, medium and large-scale pharmacy stores to keep an inventory of drugs in their store -- informing them of those that are about to expire including information on drug-to-drug interactions. The panel of judges included Google Nigeria's Chukwuemeka Afigbo, Wole Odetayo, the managing partner of Wennovation Hub, and myself. AGCNigeria was named the winner of the competition based on the product’s creativity, feasibility, sustainability, and competence of the...