Category: Event

  • Idanre mourns as erudite scholar, Segun Olowolabi is buried

    Idanre mourns as erudite scholar, Segun Olowolabi is buried

    The venue was Ala Road in the ancient town of Idanre, Ondo state and the event was the funeral of a first rate scholar and a great mentor, Dr Oluwasegunota Oluwatobiloba Olowolabi who passed unto glory on the 2nd of August, 2025.

    Right from the street, one could easily tell who Dr Olowolabi was in his lifetime as exotic cars of different brands and sizes flooded both sides of the street housing his modestly built bungalow, causing light traffic jam especially for motorcylists. Infront of the house was a roll up banner bearing the picture of this scholar in a red and black academic gown.

    A peep into the premises showed a large number of people consisting dignitaries from all walks of life, family members, colleagues, friends, old students, mentees and the children of the deceased, adorning purple attire. While his son, Taiwo clad in a purple colour flowing agbada, the two girls, Kehinde and Mosopefoluwa dressed elegantly in a beautifully tailored dresses, all in honour of their late father.

    Cospicuous among those who came to pay their last respect to Dr Olowolabi were both academic and non academic staff of the Adekunle Ajasin University Akungba Akoko, AAUA led by the Deputy Vice Chancellor, Professor Adebisi Daramola

    Performing the obsequies, the Zonal Pastor, Mountain of fire and Miracle, Idanre Zone, Pastor Ojo Akinlalu who spoke on the theme “Fear of God” emphasised the importance of obeying God’s teachings and walking in his direction as every human would taste death and give account of their stewardship on earth. Pastor Akinlalu said Dr Olowolabi had ended his race on earth, impacting lives.

    After a short exhortation, Eulogies began to pour in for the deceased and leading the pack was his younger brother, a successful Lagos based property lawyer, Remi Olowolabi Esq who said the Olowolabi’s family of Okejebu, Idanre had not only lost a son but that he had personally lost a friend, gist mate and adviser.

    “I will miss his love, advice and affection, my brother was a total package and I will miss everything about him. He was my friend, he was more to me than a brother, we grew up together, we developed together, physically and intellectually, so i will miss everything about my brother”

    Another sibling and former information commissioner in Ondo state, Hon. Yemi Olowolabi described his late brother as a jolly good fellow and a fearless fighter.

    “Like i wrote in my tribute, he was our pillar in our family, our mother’s womb opener, he was a man of prodigious erudition, will miss him greatly” Olowolabi said.

    His son, Taiwo, extolled the virtues of his late father and his dedication to knowledge as well as learning, noting that his legacy would live on.

    As for Kehinde, his daughter, Dr Olowolabi was a father in a million as he did not only support his children with finances but with prayers, counselling and guidance especially in their darkest times, praying for the repose of his soul.

    His last child, Mosopefoluwa said she would never forget the lessons of knowledge, kindness, resilience, humility and courage learnt from her father.

    In the University Community, where Dr Olowolabi worked for almost two decades, he was diligent, dutiful and respected as attested to by the Deputy Vice Chancellor, Professor Adebisi Daramola and a professor of international relations, Adedayo Afe.

    According to Professor Afe “Egbon Olowolabi was older than some of us but we related like friends, he was a darling of everybody when it comes to punctuality and attending to official duties. He was a man of many parts, having many first degrees, Masters degrees and a PhD, he was a master of many things. There’s one take home from this burial, his siblings love him alot, he happened to be the first born of his family and he was respected until death and he was giving a befitting burial. We will miss him”

    Dr Olowolabi’s mates at Baptist Academy, Lagos, led by Mr.Bankole Akintola also rained eulogies on him even as they recounted the deceased’s positive impacts in their secondary school days.

    Emotion however ran high as family members, siblings and some guests wept uncontrollably when the body of the great scholar was lowered into the grave with the dust-to-dust rites performed by members of his immediate family, siblings and others, drawing the curtain on the eventful life of Dr Oluwasegunota Oluwatobiloba Olowolabi, a man with a prodigious thirst for knowledge.

    Notable among dignitaries at the funeral ceremony were, Special Adviser on Media to Ogun State governor, Hon Kayode Akinmade, former Ondo state Information commissioner, Yeyeoba Bamidele Ademola-Olateju, a serving lawmakers in the Ondo state house of Assembly, Hon Tunji Ifabiyi, Public Relations Officer, Federal University Technology Akure, FUTA, Mr Adegbenro Adebanjo, the Permanent Secretary, Local Government Service Commission, Abiodun Akintade and Mr. Dele Akinnola, a Lagos based top executive of Flour Mills Plc.

  • Banks, Breweries, Foreign Companies Set To Storm 13th Gateway International Trade Fair

    Banks, Breweries, Foreign Companies Set To Storm 13th Gateway International Trade Fair

    Foreign companies from across West Africa have indicated interest in participating at this year’s Gateway International Trade Fair billed to take place between April 19 and April 29.
    Also, stakeholders in the food, beverages, health, agriculture and other manufacturing sectors, banks, as well as players in small and medium scales businesses have also indicated their interest in booking pavilions and spaces at the Trade Fair Complex.
    According to the organisers, companies like Leadway Assurance, Lafarge, International Breweries, Apples and Pears, Rite foods, Industrial Platform, Remo (Arise), GB foods, Bank of Industry (BOI), Gateway Mortgage Bank, Providus Bank, First Bank, Sterling Bank, Lotus Bank and several regulatory agencies, such as NAFDAC are expected at the exhibition.
    The theme for this year’s event is “Achieving Economic Prosperity Through Business Connection, Trade and Investment.”
    The Ogun State Government had assured of adequate security of lives and property during the event, while other logistics have been put in place to make the trade fair a world-class event.
    President of the Ogun State Chambers of Commerce, Industry, Mines and Agriculture (OGUNCCIMA), Engr. Mike Akingbade, while speaking on preparations so far, said his organisation has been working in tandem with the state government to ensure a hitch-free exercise.
    He promised that the new innovations being introduced this year are geared towards ensuring that more participants attend the showpiece.
    Special Adviser to Governor Dapo Abiodun on Industry, Oluyemisi Somorin-Dawodu, had earlier said that this year’s trade fair would be more than just the exhibition of products, adding that other economic and trade-related activities have been lined up to make the experience more worthwhile for participants.
    According to her, new innovations such as a raffle draw with the grand prize of a two-bedroom bungalow and an entertainment village are expected to add glamour to the event.

  • Abiodun Wins Sun Newspapers Governor of the Year, 2023 Silverbird Man of the Year Awards

    Abiodun Wins Sun Newspapers Governor of the Year, 2023 Silverbird Man of the Year Awards

    Ogun State Governor Prince Dapo Abiodun has won the 2023 Governor of the Year Award by the Sun Newspapers and 2023 Silverbird Man of the Year Award

    The Awards were communicated in separate letters to the governor by the two media establishments.

    The Sun, in a letter signed by its Managing Director/Editor-In-Chief, Onuoha Ukeh, dated November 20, said the award was in recognition of Governor Abiodun’s strides in Ogun State, turning the state into an industrial giant, while also improving its revenue base.

    The letter said: “The management and staff of The Sun Publishing Limited, publishers of Daily Sun, Saturday Sun, Sunday Sun and Sporting Sun, brings you warm greetings. We felicitate with you on your achievements in office.

    “We write to notify that the Board of Editors of The Sun Publishing Limited, after a rigorous selection process, has picked you as the winner of The Sun Governor of the Year Award 2023.

    “The Award will be formally presented to you at an elaborate ceremony on February 17, 2024 at the Sun Awards in Lagos.

    Prince Abiodun emerged 2023 Silverbird Man of the Year Award from four nominees after a rigorous voting process.

    The management of Silverbird Group, in a statement, dated December 11, signed Jacob Akinyemi-Johnson, Chief Creative Officer/Chairman Editorial Board said Governor Abiodun, since his assumption of office has contributed immensely to the advancement of the Nigerian society through his many laudable projects, hence his nomination.

    “We feel deeply honoured to write and felicitate with you for being nominated by the Editorial Board of the Silverbird Group owners of Silverbird Television and the Rhythm FM Network as one of the four distinguished individuals for the prestigious ‘2023 SILVERBIRD MAN OF THE YEAR AWARD’

    “You were nominated because of the immense contributions you have made towards the advancement of the Nigerian society through laudable projects and schemes that you have embarked on and have subsequently impacted positively on the lives of Nigerians.

    “Your exemplary disposition has also not gone unnoticed.The winner will be chosen by Nigerians who will vote by sms, WhatsApp, and online”. It further stated. The Silverbird Television Award has been fixed for Sunday, Match 4, 2024.

    It would be recalled that Prince Abiodun won the Forbes Best of Africa award in industrial revolution in 2023. He won the LEADERSHIP Governor of the Year Award 2022.

    The governor was also conferred with the Vanguard’s Governor of the Year Award 2021, along with four others as well as Daily Independent Newspapers’ Governor of the Year, also in 2021. He won the Governor of the Year Award at the Nigerian Agricultural Awards 2020. He has also been honoured by the Federal Government with the Industrial Revolution Award, amongst others.

  • Shettima Promises Seamless Power Supply to Drive Industrial Growth

    Shettima Promises Seamless Power Supply to Drive Industrial Growth

    …holds business roundtable in Agbara, Ogun State

    The Federal Government has assured investors in the country of the determination of the President Bola Ahmed Tinubu-led administration to ensure adequate power supply across the country especially in industrial clusters.

    Vice President, Senator Kashim Shettima, gave the assurance during the Agbara Business Roundtable held in Agbara, Ado-Odo-Ota Local Government Area of Ogun State on Thursday, saying the country holds tremendous opportunities for not only investors but also the people.

    The event was to launch an initiative to ensure dedicated power supply to industrial clusters across the country, starting with Agbara Industrial Estate.

    Shettima said that it is embarrassing that the Agbara Cluster relies on other sources of power supply aside from the national grid, adding that the Federal Government through the Niger Delta Power Holding Company (NDPHC) is committed to ensuring that clusters like Agbara benefit from a cheaper means of generating power in their various factories.

    The Vice President, who is the Chairman of, Board of Directors, of NDPHC promised that the Agbara Industrial Estate will have a steady power supply in the next four months.

    He said: “I am here to reassure the business community that we mean business. I want to give you my word and my word is my bond, if you need 200 Megawatts, 300 Megawatts, we can give it to you.

    “Be rest assured, we are going to supply your power needs with no strings attached. We are giving power to Togo, I think we are giving 100 Megawatts to Togo, and some of these nations are not even paying us. Why can’t we give to businesses that will pay us? It is just simple arithmetic; it is a matter of economics.”

    The Vice President charged the staff of NDPHC to double their effort by ensuring the delivery of the Agbara Industrial Cluster power program in three to four months.

    Shettima spoke of the commitment of President Tinubu to make power available to the entire country.

    “It is all about advocacy, it is about people believing in you and I have the confidence of my boss, such that I can talk authoritatively. He is very passionate about the Nigerian project. He is very committed to repositioning this nation,” he said.

    In his remarks, the Ogun State Governor, Prince Dapo Abiodun said that without electricity, all infrastructure provided for the use of the people of the state and the country as a whole would be in vain.

    Governor Abiodun, while disclosing that his administration has established additional industrial clusters, said that without stable and reliable power, all the initiatives would be in vain.

    “We believe that such initiatives like this speak to ensuring the sustainability of competitive industrialization and one must not but salute this initiative.

    “We as a state have gone ahead besides this Agbara Cluster, we have five other clusters. We have one by the Interchange called Remo Cluster, we are creating a new one called the Magboro Cluster. We are creating our own Aerotropolis which is our special agro-processing zone, which will be the first of its kind in Nigeria. We also have the Ijebu-Ode cluster because we believe that it is through these clusters that we can jump-start socio-economic activity.

    “These clusters, what do they seem to do, we provide the parcel of land, provide the needed infrastructure and this attracts industrial activities.

    “But, without a doubt, without stable, reliable and clean power, all these initiatives will be in vain. So, to that extent, we are extremely excited,” he said.

    Lagos State Governor, Mr. Babajide Sanwoolu represented by his Deputy, Dr Obafemi Hamzat said ensuring adequate power supply in the country is complex because of the attitudes of Nigerians.

    Hamzat regretted that out of about 13,000 Megawatts available, the country could only transmit 4,000 Megawatts.

    “The issue of our power is complex and why it is complex is because of bad behaviour among all of us, the stakeholders, the distribution companies, generating companies.

    “For me, the biggest challenge that we see in our country now is public commentary. We have a lot of people that go out there to just say things, demeaning our institutions and that is the biggest challenge.

    “When the international community do surveys, they listen to your news and then you keep killing your country. The truth of the matter is that Lagos and Ogun states are safer than New York. The possibility of being shot in New York is higher than being in Lagos.

    Minister of Power, Mr Bayo Adelabu on his part said the event marked a pivotal moment in the collective endeavour to fortify one of the backbones of the industrial landscape of the country.

    He noted that the project stands as the first of many projects in the federal government’s light-up initiative to deliver reliable electricity to industrial and heavy user clusters across the country.

    Adelabu noted that Agbara is a cluster where dreams are forged, industries thrive and where opportunities are limitless, adding that the ambitious endeavour when completed will bolster the power supply within the industrial estate by ensuring a reliable and uninterrupted flow of electricity to meet the demands of the industries.

    Earlier in his welcome address, the MD/CEO, of NDPHC, Chiedu Ugbo disclosed that the event signifies the commitment of the present administration through NDPHC to ensure consistent and reliable power supply to industrial concerns.

    He added that the company is the only government-owned company responsible for implementing the integrated power project of the government which aims to enhance electricity generation.

    Ugbo said that the primary objective of the initiative was to ensure a consistent, reliable and cost-effective supply of electricity from power plants across the country to the extensive industrial and business clusters in Agbara and across the country.

    He noted that NDPHC has successfully constructed about 8 power plants with a combined capacity of approximately 4,000 Megawatts.

  • Preserving Heritage: Kiriji War Performance to Ignite Unity and Cultural Revival

    Preserving Heritage: Kiriji War Performance to Ignite Unity and Cultural Revival

    In a bid to revive history and culture, a mesmerizing stage performance recounting the epic Kiriji War of the 19th century, one of the longest civil wars in human history, is set to captivate audiences across the South West in the coming months.
    The ambitious project, a collaboration between the Development Agenda for Western Nigeria (DAWN) and Legendary Productions, an esteemed international art and culture concern, is helmed by renowned artist Abiodun Abe, whose artistic contributions have garnered acclaim in Nollywood and international film festivals.
    According to a press statement signed by Adewale Adeoye and Segun Balogun, Chairman and Secretary of the Publicity Committee respectively, the project will feature over 50 top artists from around the world, joined by over 10,000 participants at various levels.
    Described as a massive undertaking that will involve months of an artist residency, the performance serves as a stepping stone toward the establishment of the first Yoruba Museum of War History. The statement emphasized the significance of the Kiriji War as a pivotal event in Yoruba history, encompassing struggles for justice, liberty, and an egalitarian society. It further stressed the aim of the project to bring together artefacts, weaponry, and historic materials associated with the war, currently dispersed and disorganized, within the proposed museum.
    Highlighting the rich and remarkable civilization of the Yoruba people, the press statement acknowledged the extensive documentation of their history dating back to the 9th century. It underscored the unique role of Yoruba history in shaping African and black heritage, instilling a sense of dignity, respect, and recognition worldwide.
    The Kiriji War, spanning from 1776 to 1886, stands as a notable cultural, political, social, and economic milestone in Yoruba history. The press statement emphasized that wars are not waged by the impoverished, but by brave and heroic individuals and nations with prosperous economies.
    The media team emphasized the unique characteristics of the Kiriji War, such as the preservation of innocent lives, including children, pregnant women, and the elderly. Cease fires lasting for months were observed, demonstrating principles of diplomacy and humanity. The statement highlighted the war’s diverse aspects, ranging from political unity, preference for federalism, and cultural significance to military science, intelligence gathering, and tales of courage and resilience.
    Technological innovations and scientific advancements played a pivotal role in the Kiriji War, with both parties employing creative strategies, military tactics, and imported weapons from Europe, particularly Hamburg in Germany. The signing of the peace treaty in 1886 united prominent Yoruba Obas and revitalized the Yoruba Nation with a renewed sense of brotherhood and common ancestry.
    The press statement concluded with thought-provoking questions about the burial grounds of the war heroes, the locations and syllabi of military schools, and the impact of the war on global diplomacy. These inquiries shed light on the extensive influence of the conflict, including the involvement of British intelligence and its subsequent impact on expeditions in Africa and Asia.

  • President Olusegun Obasanjo at 85! | The Harmattan News

    President Olusegun Obasanjo at 85! | The Harmattan News

    Former President Matthew Aremu Olusegun Obasanjo turned eighty-five years on Saturday 5th of March 2022 and citizens from different walks of life stormed Abeokuta to celebrate with this icon of national politics. It was a busy week for him and his staff. I had an appointment to see him Thursday the 3rd and was witness to the calibre of persons who came in throughout the day. For a man who joined the military to get on in life, God has been really kind to him. He has governed the country in two different capacities- as a soldier and as an elected democrat- and continues to be a strong moral, political force even outside government. And the old man acknowledges a divine touch in his life’s choices and decision outcomes. Fit as a fiddle on his 85th birthday and coming out to pay soccer as an attestation of how fair nature had been to him health wise. How many 85-year-olds can jog round the football field without collapsing? Added to this is his level of mental alertness when he holds conversations and when he addresses an audience extempore. No man prays for more! For this he is eternally grateful. What is the secret behind this agile and solid framework in the ripe age of 85years?
    After his days as Military Head of State when he handed over power to a civilian administration in 1979, Obasanjo became a darling of the western world. Of course, we are familiar with the penchant of African leaders to sit tight in office upon seizing power, transiting to civilian rulers with the temperament of a soldier. Obasanjo said no to the that temptation and handed over to Alhaji Shehu Shagari in a very colourful ceremony in 1979. He saluted the new president and took a back seat. That singular action endeared him to the world, and he became an international statesman huge in stature, rubbing shoulders with the world’s Eminent Group of Persons.
    But Chief Obasanjo would not have become president if Murtala Mohammed was not assassinated in February 1976 in a coup attempt. It is on record that Obasanjo as Chief of Staff Supreme Headquarters, effective Vice President of the country, did the yeoman’s job for that administration. He worked so well with the fiery Mohammed and became the natural choice after the latter fell to the bullets of reactionary coup plotters. Much against his personal will and desire, (the other members of the Supreme military Council had to compel him to step into the shoes) he became head of State and promised to lead the nation in the spirt with which Murtala Mohammed had led the nation – that of complete dedication. He then pursued the return to civil rule with a sense of urgency.

    “Fit as a fiddle on his 85th birthday and coming out to pay soccer as an attestation of how fair nature had been to him health wise. How many 85-year-olds can jog round the football field without collapsing? Added to this is his level of mental alertness when he holds conversations and when he addresses an audience extempore. No man prays for more! For this he is eternally grateful. What is the secret behind this agile and solid framework in the ripe age of 85years?”

    He subsequently became a moral force in the country, often emerging from semi-retirement to write pungent letters to some of his successors once he thought the ship of state needed to be redirected. Indeed, serving Presidents prayed never to receive an Obasanjo letter. Presidents Ibrahim Babangida, Jonathan and Buhari have been victims of his trenchant moral missiles at different times. In such letters, he often spoke the mind of Nigerians, daring to say what persons in his class would not say openly. He has been involved in making presidents and unmaking them too. No government ignored such letters.
    His political fortunes took a nosedive during the tumultuous days of the Abacha junta when he was arrested and detained for coup plotting. The nation will never forget that footage of a bewildered Obasanjo shocked by the gravity of the frame up by that notorious regime which soon kicked the dust in a most disgraceful and tragic manner. The fear in the nation was palpable. Abacha had no qualms deleting people from the world if he thought that it would serve his interest. The tragic story of General Musa Yar Adua illustrates this vicious aspect of Abacha’s character. Obasanjo could easily have gone the way of Yar Adua and MKO Abiola.

    READ MORE: Dealing with Marriage-Related Stress – Hope O’Rukevbe Eghagha

    But fate smiled at him. Innocent of the coup charge, and favoured by his antecedents, from jail, Obasanjo was drafted to become a democratically elected President in 1999 under the aegis of the Peoples’ Democratic Party. Not too many persons have their grace in this world.
    As a young man, it was the post-1976 coup speech that caught my attention about him. He was virtually choking as he gave that speech to the nation. This man who had fought in the Nigeria-Biafra conflict of 1967-70, instrumental to the end of hostilities was badly shaken by the senseless violence of the 1976 assassination of his immediate political boss, Murtala Mohammed. And he conveyed that emotion to the shocked nation. He piloted the nation from 1976 till 1979 when he handed over power to a civilian administration.
    His years as an elected President was a mixed bag, owing to the peculiarities of the time. He was the first elected military officer to work with hardcore often mischievous politicians at the centre. But he made the mobile phone possible in the country, disabled the military capacity to plot and execute coups and stabilized the naira among other achievements. His contacts around the world facilitated a debt forgiveness programme for Nigeria possible. He helped to entrench democracy and won a second term in office in a landslide. Although the end of his tenure was almost marred by a rumoured third terms agenda, history will be kind to Chief Obasanjo. Already, he is seen as one of the best leaders in the post military era both in achievements and the moral authority represented by his vibrant personality on national matters.

    VISIT US: @theharmattan1

    As he turns 85 years, I join him to give thanks to God for the grace of a long, successful and prosperous life and for his stabilizing personality in the affairs of the Nigerian state. A former king who becomes a king maker never really leaves the stage. Metaphorically speaking, Chief Obasanjo will never leave the Nigerian stage as long as he breathes the God-given fresh air of Mother Earth. If we all continue to wonder what Chief Obasanjo’s opinion is on national matters, then the man Obasanjo remains, relevant and powerful in the hearts of the people. Baba, I greet you from the bottom of my heart! Cheers!

  • ECOWAS Condemns Guinea Coup

    ECOWAS Condemns Guinea Coup

    ECOWAS condemns Guinea coup, demands immediate release of ousted President

    The Economic Community of West African States (ECOWAS) on Sunday demanded the immediate and unconditional release of ousted Guinean President Alpha Condé and other detained persons.

    The Guinean military had in the early hours of Sunday captured the President and put him in detention in the capital, Conakry.

    The leader of the military junta, Col. Mamady Doumbouya, said the 83-year-old Conde was captured following hours of gunfire in the capital, and warned the people to stay indoors.

    The Chairman of ECOWAS Authority of Heads of State and Government, Nana Akufo-Addo, in a statement expressed concern at the recent political developments in the West African country.

    The statement read: “ECOWAS notes with great concern the recent political developments which occurred in Conakry, Republic of Guinea. She condemns with the greatest firmness this coup attempt on Sunday, September 5, 2021.

    “ECOWAS demands respect for the physical integrity of the President of the Republic, the Professor Alpha Condé, and his immediate and unconditional release as well as that of all the personalities arrested

    “ECOWAS reaffirms its disapproval of any unconstitutional political change. She asks the defense and security forces to remain in a posture Republican and expresses its solidarity with the Guinean people and Government.”

  • Lagos Displaces Nairobi As Africa’s Top Startup City, Two Other Things And A Trivia

    Lagos Displaces Nairobi As Africa’s Top Startup City, Two Other Things And A Trivia

    This line-up of stories will help you discover the latest happenings around the tech world, today.

    1. Lagos displaces Nairobi to become Africa’s top startup city

    How Google joined Facebook to redefine “free” as it launches Lagos hub for developers

    Nigeria’s commercial capital, Lagos, has been named Africa’s top startup city, displacing Kenya’s Nairobi which was earlier holding the title.

    This is according to the recently released StartupBlink Ecosystem Index Report 2021.

    Now ranked 122nd globally, the city takes over from Nairobi which now ranks 136 globally.

    Still leading the pack is San Francisco and New York, maintaining their positions from the last rating.

    Described as the “supernova” of startup ecosystems, San Francisco scored 328.96, nearly 3 times higher than New York’s 110.77.

    The Global Startup Ecosystem Index is built using hundreds of thousands of data points processed by an algorithm that takes into account several dozens of parameters including the number of startups, the size of the domestic market, the ease of doing business amongst others.

    Tech Trivia: Steve Jobs and Steve Wozniak were well-known founders of Apple Inc., but there was a third founder. What was his name?

    A. Ronald Wayne
    B. Paul Allen
    C. Chris Knight
    D. Linus Torvalds

    Answer: See end of post.

    2. Cape Town fintech invests in local startup FundingHub

    Cape Town-based fintech, Finch Technologies, has invested an undisclosed amount in local startup, FundingHub.

    FundingHub is one of South Africa’s leading business finance marketplace.

    The new investment comes as a second equity funding, and makes the company FundingHub’s majority shareholder.

    Since its inception in 2017, FundingHub connects SMEs with 33 banks and alternative lenders.

    Michael Bowren, Finch Technologies CEO, expressed excitement over the new investment.

    He said: “We made a second investment into FundingHub due to its dramatic growth over the past 18 months. We are confident about the ongoing expansion of this business.

    “We are particularly interested in investing in technology-driven businesses that help financial service providers originate sales, onboard new clients seamlessly and enrich their database. It is through the seamless origination and onboarding that real value is offered to businesses and consumers.”

    3. Egyptian trucking marketplace Trella secures $42m funding round

    Looking at commencing a major expansion, Cairo-based digital trucking marketplace Trella has secured a US$42 million Series A funding round.

    According to the startup, the funding comprised of US$30 million in equity and US$12 million in debt facilities.

    The development comes as the startup seek to expand its portfolio to the Middle East, North Africa, Afghanistan, and Pakistan (MENAP).

    Launched operation in 2018, Trella is a B2B technology platform and trucking marketplace connecting shippers with carriers in real-time.

    Today, the startup has over 350 shipper partners including blue-chip brands such as Coca-Cola, Maersk, Mondi, Henkel, Orascom and Cemex.

    The equity element was led by Maersk Growth – the corporate venture arm of global multinational A.P. Moller – Maersk – and Raed Ventures, a Saudi Arabian venture capital firm.

    Tech Trivia Answer: Ronald Wayne

    According to CNBC, Wayne joined the nascent Apple in 1976 and was given 10 percent ownership. He lasted only 12 days, became quickly concerned he would be held personally responsible for the company’s debt, decided to leave and sold back his share to Jobs and Wozniak for $800, the network reported.

  • Zambian President, Lungu Collapses During Defence Force Event

    The Zambian President, Edgar Lungu, collapsed on Sunday, during the country’s 45th Defence Force Day Commemoration and Investiture ceremony.

    The Principal Private Secretary to the President, Simon Miti, who confirmed the incident in a statement, said the President experienced sudden dizziness at the event.

    He, however, added that Lungu recovered immediately and walked to his official car.

    The statement read: “The President of the Republic of Zambia, Dr. Edgar Chagwa Lungu, this (Sunday) afternoon experienced sudden dizziness whilst officiating at the 45th Defence Force Day Commemoration and Investiture Ceremony.

    “His Excellency recovered immediately and walked to the official car and returned to his residence at State House.

    “The President wishes to assure the general public and all concerned citizens and the international community that he is well and has continued to discharge his duties as Head of State, Government and Commander-in-Chief of the Defence Force.”

  • Osaka Pulls Out Of Berlin Event Following French Open Withdrawal

    Naomi Osaka will not be participating at the Berlin WTA 500 event billed to kick off next week as she has pulled out.

    The Japanese Grand Slam winner had already said she would be staying off the court for a while.

    Osaka was forced to withdraw from the ongoing French Open in Paris following controversies over her decision to not speak to the media.

    “We have received notification Naomi Osaka cannot start in Berlin. After consulting her management, she will take a break,” said a spokesman for the Berlin event.

    Osaka’s withdrawal casts doubt on her participation at the third Grand Slam of the year – Wimbledon – which begins 28 June.

    The four-time major winner withdrew from French Open citing a need to protect her mental health.

    Osaka, 23, had already defeated Maria Tig in straight sets in the first round of the tournament before withdrawing.