Tech News This Week (45)

MTN company

In today’s digital space where a lot is happening at once, it’s easy to miss out on the news. Here are highlights from this week’s tech news brought to you by Techative.

In tech news week 45, MTN sells JUMIA stakes, Joe Biden emerges US President-elect as Donald Trump rages on Twitter, Jason Njoku battles COVID-19 and WeeMedia raises seed funding. Read the full stories here:

Keep reading for the whole gists.

  1. CEO of Iroko Tv, Jason Njoku battles COVID-19
Jason Njoku getting tested for coronavirus

Nigerian star couple and owners of Iroko tv and Rok studio have tested positive for COVID-19 as Jason Njoku takes to his Twitter page to reveal this. This year has really been a tough one for the creatives as the company, Iroko Tv, is just recuperating from the brutal slap dealt the company by the coronavirus disease. We know they will overcome this.

2. America Decides #USelection

Donald Trump Joe Biden
Donald Trump (left) and Joe Biden

While news stations like Sky news have been doing their best to air the US election, Twitter happens to be their most effective tool for reaching a greater audience as news stations use their Twitter handle to share live videos of the whole election process. Congratulations to Joe Biden as he emerges president-elect.

3. WeeMedia Raises $400k

WeeTracker twitter post

Not many investors look at Africa as a market and there is only a handful of people who think of data and intelligence as an investable space. We have been lucky enough to attract global investors in the past and the present as we go on to raise our Pre-Series A to further strengthen our technology, expand our team and chase profitability as we enter our third year of operation soon

-Rishabh Lawania, CEO of Wee Media.

WeeTracker, a research and media company released this week that its parent company, the pan-African digital media company with teams in Nigeria and Kenya, Weemedia, has successfully raised USD 400 K seed round to restructure African journalism & data intelligence. The participants of the round include Japan’s Samurai Incubate, Hong Kong-based Grenfell Holdings, and a pair of US-based investors; Knarrs Ventures and Jim Waltrip.

4. MTN sells its Stake in Jumia for $142 million

MTN settle Nigeria CBN dispute for $53 million — Quartz Africa
MTN

The South African-owned telecommunications company, The MTN Group, has given up its 18.9% stake in JUMIA, African’s biggest e-commerce and first African tech company, to enlist in the New York Stock Exchange for net proceeds of $142.31 million in order to stay afloat. We hope that MTN does not regret this move two years from now.

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