Nigeria

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,…

University-linked incubator Roar Nigeria to invest in 10 startups in 2018

Business incubator Roar Nigeria plans to this year invest in 10 startups, with the first of those investments to come in the next three months, its…

Lagos is perfect backdrop for startups says Google Launchpad Accelerator man

Lagos, Nigeria provides “the perfect backdrop” for tech startups on Google’s Launchpad Accelerator Africa to build, collaborate and accelerate. So, says Folagbade Olatunji-David, the tech company’s…

Google is backing it, but how does SA startup swiftVEE’s platform really work?

Being selected by Google as one of 12 startups for the tech giant’s first Launchpad Africa Accelerator has been “mind blowing”, says Cape Town’s…

Officials at Nigeria’s company registration office milking it with ‘consultation fees’

The Nigerian government may claim to be cutting the cost and time it takes to register a business in the West African country. But officials…

Nigerian tech startup sector still up against challenges, say commentators

A few years ago, when startup founders and tech stakeholders were asked what was still missing in Nigeria’s tech ecosystem, they often began by detailing the lack…

Rocket Internet to Spur incident, five of Ventureburn’s interesting reads of 2017

It was a busy year again for Ventureburn — with Bitcoin going crazy, Google opening an Africa accelerator, entrepreneurs coming forth with bizarre solutions to…

How tragedy inspired Medsaf co-founder to tackle Nigeria’s counterfeit drug crisis

Counterfeit drugs are a grave problem in Nigeria. Vivian Nwakah, a co-founder of healthtech startup Medsaf, knows this too well. Four years ago a friend of hers died after taking…

Nigerian ecommerce: Is the end near for payment on delivery?

Nigeria ecommerce retailers are increasingly viewing payment on delivery as a problem. While some etailers believe it’s an effective way to get around the…

Fintech startup i-Pay secures R10m investment from Kalon Venture Partners

Johannesburg-based fintech startup i-Pay has secured a R10-million investment from venture capital (VC) firm and registered 12J VC fund Kalon Venture Partners. i-Pay’s electronic fund…

Google expands intake for new Launchpad Accelerator cohort to 10 African nations

Google’s Launchpad Accelerator has opened applications for its next cohort — and has added seven more African countries to the three countries it initially targeted when it…

Seedstars World launches call in Lagos in search of Nigeria’s next top startups

Global seed-stage startup competition Seedstars World today launched a call for applications to search for Nigeria’s next top seed-stage startups. With the support of sponsors Orange, Merck,…

Still stuck in school — NITDA’s awkward romance with Nigerian startups [opinion]

When many Nigerian founders of startups are asked to list their major challenges, they often mention the lack of support from the Nigerian government….

Google Launchpad to provide over $3m to more than 60 African startups – CEO

Google will provide more than $3-million in equity-free funding, mentorship, working space and access to expert advisers to more than 60 African startups over three…

Q&A: Taxify reveals plans to take on Uber in Nigeria by being more ‘driver friendly’

The ride-hailing sector may remain attractive in Lagos, with 15 ride-hailing apps competing for a portion of Nigeria’s biggest city’s vast taxi market, but until…

Nigerian accelerator opens applications for residencies to female entrepreneurs

Applications are now open for the 2017 She Leads Africa (SLA) accelerator, a three-month programme designed to identify, support and fund the next generation of…

‘Nigeria’s high cost of doing business is holding back acquisition of startups’

Nigeria’s recession should have made the acquisitions of startups more affordable for foreign firms — but instead the creation companies and building of new products has…

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