Nigeria

Nigeria’s TradeDepot Acquires Ghanaian competitor Green Lion

TradeDepot, the Nigerian B2B eCommerce platform that connects micro-retailers with distributors and manufacturers of fast moving consumer goods (FMCGs), has its Ghanaian competitor, Green…

Nigerian healthtech startup, Reliance Health, raises $40M in Series B

Reliance Health, an emerging markets-focused digital healthcare provider, has completed a $40M (R622 426 000,00) Series B funding round led by General Atlantic, a…

AFEX opens second round of funding series to strengthen Nigeria’s agriculture sector

AFEX has announced the reopening of its $240m (₦100bn) Asset-Backed Commercial Paper (ABCP) to help stabilise Nigeria’s agriculture sector by offering Agro-processors low-cost financing to…

Periculum launches in Nigeria to build credit assessment infrastructure

Canadian fintech startup and credit assessment company, Periculum, has launched in Nigeria to tackle the challenge of domestic credit in underserved markets. The company…

Vendease raises $3.2m to transform Africa’s restaurant supply chain

Nigerian-based AgriFood-tech start-up Vendease delivered approximately 100 000 tons of food to restaurants in September 2021, hitting a $12.9 million transaction volume. The recently…

Endeavor Nigeria unveils cohort for ScaleUp programme

Endeavor Nigeria has announced the selected entrepreneurs who will participate in its new ten-week Endeavour ScaleUp programme which aims to support the country’s high-impact business…

Nigerian startup Sabi reaches 150 000 small businesses, $1.2 billion in sales

Lagos-based startup Sabi has announced it has hit the milestone of over 150 000 small business users on its marketplace platform. Developed and operated…

UK government’s Go Global Africa programme opens call for applications

Go Global Africa, a scheme run by the UK’s Department for Digital, Culture, Media and Sport through its International Tech Hub Network is calling…

Polish businessman’s tales of fear and loathing in Nigeria [Book review]

Chasing Black Unicorns: How Building the Amazon of Africa put me on Interpol’s most wanted list by controversial Polish entrepreneur Marek Zmyslowski, is a thrilling…

Meet the young entrepreneur behind Vmedkit, the Nigerian startup backed by Facebook

At just 22 years old, Nigerian Emmanuel Okon is one of a few African innovators who’s founded a startup that’s gone on to get…

Nigerian edtech startup uLesson closes over $3m seed round led by TLcom Capital

Nigerian edtech learning platform uLesson has closed a $3.1-million seed round led by London headquartered TLcom Capital. The startup was launched earlier this year…

Nigeria’s Lidya set on being biggest non-bank lender to SMEs with Polish, Czech expansion

Nigerian fintech startup Lidya is on a drive to become the world’s biggest non-bank lender to small and medium-sized enterprises (SMEs) in the world. “The…

TechCabal’s Friday townhall event to focus on transport, logistics tech in Africa

Are you in Nigeria this week? Want to know more about Africa’s mobility sector, the challenges it is facing and what the future holds?…

Nigeria’s Itanna accelerator to invest total of $120k in four startups from second cohort

Lagos-based accelerator Itanna will invest $30 000 in each of the four startups currently participating in its second cohort, the accelerator’s head of investments…

Nigerian real estate firm Landwey acquires 25% stake in proptech platform Vistafront

Nigerian real estate investment firm Landwey has acquired a 25% stake in Lagos-based proptech platform Vistafront. Vistafront’s LinkedIn profile states that it was founded…

Lagos based startups to get access to more support with launch of second Seedspace

Swiss-based emerging markets startup competition Seedstars has announced that it will next month open a second Seedspace co-working hub in Lagos, in partnership with Nigerian…

Nigerian Edmund Olotu’s TechAdvance raises $1m from Bahrain investor

Lagos-based payments infrastructure firm TechAdvance has secured $1-million in funding from Bahrain’s Lamar Holding. TechAdvance was founded in 2009 by CEO Edmund Olotu (pictured above) and…

Could Nigeria’s Playfre have figured out a music streaming model that works in Africa?

Leading streaming services around the world generate revenue by selling premium streaming subscriptions to their users. These platforms in turn pay artists royalties according to…

EY, Open Banking Nigeria to develop standard API for country’s fintech sector

Global professional services firm Ernst & Young (EY) has partnered with Open Banking Nigeria to develop a standard Application Programming Interface (API) for the…

Everything you need to know about West African startup landscape [2019 Update]

Update: Are you a venture capitalist or an angel investor looking to invest in a company? Are you an entrepreneur looking for capital or…

Nigeria’s Gokada raises $5.3m Series-A round led by Rise Capital

On-demand motorcyle ride-hailing startup Gokada has announced that it has raised a $5.3-million Series-A round led by San Francisco-based Rise Capital. The Lagos-based startup…

Mastercard expands its Engage programme to include Kenyan, Nigerian fintechs

Global payments tech firm Mastercard has expanded its Mastercard Engage programme to target Kenyan and Nigerian fintechs. The platform, which was launched in 2017,…

SA still Africa’s top startup ecosystem but has fallen 13 places, shows new ranking

South Africa may still have the highest ranked startup ecosystem for an African country, but it is no longer in the top 50 club,…

Microsoft gains access to Open AI code base, trouble for Google?

Nedbank PayShap, hot air, or viable payment solution?

AI crypto: What is AI in crypto and how will it change the game?

Support SMEs to combat SA unemployment, plead experts

Covid-19 slows investments in East African start-ups

FSAT Labs: These 16 start-ups made the cut

Retro Sony Walkman music player NW-A300 comes stylishly compact

Modeling agencies in trouble as AI strikes, here’s why

Get extraordinary photography with the HUAWEI Mate50 Pro

Review: Hyundai Staria R2.2 multicab

GR Corolla to continue Toyota’s hot hatch legacy in SA

Review: Tiguan Allspace 1.4 TSI 110 kW R-Line