Nigeria

African money gateway Paystack launches in South Africa

Nigerian fintech startup Paystack, a company that provides various payment gateways for businesses, has announced the launch of its offering in South Africa. The…

Nigerian fintech launched to help gig economy workers

A recently launched fintech based in Nigeria and Kenya aims to provide financial services specifically to temporary and freelance workers (gig workers). The startup, ImaliPay,…

Finalists selected for FCMB Agritech incubator pitch program

Six argitech startups have been selected as the finalists for the FCMB Argitech Epic Pitch program for 2020. Hosted and facilitated by First City…

Music streaming platform, Audiomack expands to Nigeria

Global free music streaming platform, Audiomack recently announced its expansion to Nigeria, specifically in Lagos. Audiomack expands to Nigeria To this effect, three Nigerians…

Nigerian fintech startups may soon need regulatory approval to launch new products

The Central Bank of Nigeria (CBN) has released a new framework for regulatory sandbox operations in Nigeria which seeks to provide regulatory oversight for…

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…

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,…

Up to $175k in total prize money up for grabs in 2019 Bell Labs Prize

Three innovators from around the world stand to win a share of $175 000 in the 2019 Bell Labs Prize. The competition is aimed at proposals that “change the game” in the ICT sector by a factor of 10.

Applications open for Founders Institute Lagos 2019 programme

Silicon Valley-based pre-seed startup accelerator Founder Institute has opened applications for the Lagos 2019 programme.

Two top Nigerian fintechs can win 1m naira in FCMB Tech Pitch Perfect competition

Nigeria’s First City Monument Bank (FCMB) has partnered with Passion Incubator in a search for innovative solutions around e-payment, e-collection and e-savings solutions through the FCMB Tech Pitch Perfect competition.

African tech startups raised over $1.2bn in funding in 2018 – Partech report

A report by French venture capital (VC) firm Partech Africa has found that 146 African tech startups raised $1.163-billion in equity funding last year…

Lagos-based Itanna accelerator opens applications for 2019 programme

The Itanna accelerator, a Lagos-based initiative that invests in tech startups, has opened applications for its 2019 programme. The accelerator, which was launched by…

Nigerian fintech TeamApt raises $5.5m in round led by Quantum Capital Partners

Nigerian fintech startup TeamApt has raised $5.5-million in investment in a Series-A round led by Nigerian venture capital (VC) company Quantum Capital Partners. This,…

‘Real projects will get African regulators to shift stance on crypto, blockchain’

Entrepreneurs who help develop real projects on the blockchain is what is likely to drive African regulators to begin regulating cryptocurrency and blockchain. So,…

Accion Venture Lab launches second edition of Company Builder programme

Accion Venture Lab, the seed-stage investment initiative of global non-profit Accion, has launched the second edition of its Company Builder programme, applications for which…

MMH Accelerator to offer up to €50k in funding to African healthtech startups

Selected Ghanaian, Kenyan and Nigerian late stage healthtech firms — including those solving for animal health — stand to benefit from up to €50 000 in funding from this year’s Making More Health (MMH) Accelerator programme.

Nigeria’s Wakanow secures $40m investment from The Carlyle Group

In what is one of the biggest disclosed deals this year, Lagos-based online travel company Wakanow.com has secured a $40-million equity investment from US alternative asset manager The Carlyle Group.

Kobo360 lands $6-million equity investment from World Bank’s IFC

The IFC, a member of the World Bank Group, has announced a $6-million equity investment in Nigerian tech startup Kobo360. The startup’s e-logistics platform helps…

Nigerian startup Edves secures $120k funding from Chinook Capital, CcHub fund

Lagos-based edtech startup Edves has announced that it has secured a $120 000 seed round from two Nigerian investors: Chinook Capital and Co-creation Hub’s…

Fintech platform Mines raises $13m in Series-A round led by The Rise Fund

US-based fintech Mines — which was founded by a Nigerian team — has raised $13-million in a Series-A round led by US impact investor The Rise…

Lessons from a business sale that didn’t quite go right – Farmcrowdy founder

His business may have raised a $1-million round from Silicon Valley investors in December last year. But Farmcrowdy founder Onyeka Akumah says he learnt how…

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