Nigeria

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…

Andela’s VP global operations on why Kigali is strategic location for tech hub

US software training organisation Andela is betting on East Africa as a strategic location from which to recruit and train software developers for top employers around the world….

How football helped kick off Nigerian agritech startup Farmcrowdy

In just 18 months Nigerian agritech platform Farmcrowdy has grown to helping 7000 farmers on farm land across nine states in Nigeria to help fund the purchase…

Tackle infrastructure, skills challenges to boost tech sector, say Nigerian experts

Nigeria must overcome its infrastructure challenges and shortage of skills if it is to help the country’s nascent tech scene to grow, say analysts…

SEC ban puts brakes on equity crowdfunding in Nigeria – report

The Securities and Exchange Commission (SEC) of Nigeria’s ban on equity crowdfunding “is seriously slowing down” the introduction of crowdfunding in the country, says a…

Amazon Project: Nigeria gets own pitching show

Nigeria will be receiving its own televised SME pitching competition titled The Amazon Project. The show aims to provide entrepreneurs with the necessary ways to take…

Top startup events in South Africa, Africa you should know about this week [31/10/2016]

Looking to get into the South African startup scene or scratch up on some of your skills? Well, you’ve come to the right place….

Nigeria’s online money lending space nears disruption

In January, Ventureburn reported that Nigerian gift card company SureGifts had rolled out SureCredit, a unique way to obtain loans. Even though many industry stakeholders were…

Nigeria’s NetPlusDotCom taps Etisalat to rollout STORM app mPOS solution

A few weeks ago, Ventureburn focused on how African telecoms operators can have a mutually beneficial innovation-driven relationship with startups specifically by making their…

Seedstars World seeks out Lagos startup candidates

Internation pitching competition, Seedstars World, continues their tour around the world in search of the world’s most innovative startups. This time, the event is…

Nigeria’s ‘underperforming’ food apps leave many questions

It’s an open secret that food apps are not as popular as ecommerce and payment apps in Nigeria, despite the love for food uniting the…

Konga founder Sim Shagaya steps down as CEO

Nigerian tech entrepreneur Sim Shagaya has announced he is stepping down as the CEO of Konga, which is one of Africa’s leading ecommerce companies….

Online entertainment startup iROKO closes $19m in deals

Online entertainment startup iROKO has revealed that it’s closed multiple deals totaling US$19-million to beef up the Nigerian company’s operations and expand across the…

Report: over $185m invested in Africa’s tech startups in 2015

Tech startups in Africa raised an estimated total of over US$185-million in 2015, according to a recent report. The report, titled African Tech Startups…

All-female startup from Nigeria hauls in $40k for innovative legal service

An all-female startup that seeks to give people easy access to legal services in Nigeria, called DIYlaw, recently bagged US$40 000. Organised by The…

Nigerian gift-card startup SureGifts introduces unique way to obtain loans

Nigerian gift-card startup SureGifts is introducing a new service that allows employees in Nigeria to obtain voucher loans to pay for certain online services….

Onyeka Akumah on Travelbeta, ecommerce and Nigeria’s tech space [Q&A]

The first time I heard about Travelbeta launch by Onyeka Akumah was in July 2015 at the official launch of HouseMax in Lagos. Akumah…

Primecart’s bold attempt to dominate ecommerce in Nigeria through Shoprite

During the festive period, public holidays, and those notable days that are not recognised in Nigeria’s calendar, people often troop en masse to quite…

Productivity On A Large Screen

Everlytic Launches Cutting-Edge AI Studio with WhatsApp Chatbots for Smarter Communication

Everlytic’s new API Communicator feature enhances customer engagement across multiple channels

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Microsoft launches new Surface devices in new AI era

Honor Magic V3 launches, four things to know

Honor Magic V3, a Guinness world record attempt

Renault got design right in 2024

Nio Firefly brings Galaxy design to compact EVs

Google Cast and other Christmas goodies for Rivian