August saw the formation of a Kenyan parliamentary committee tasked with investigating the operations and activities of Sam Altman's crypto initiative, Worldcoin, within the nation. Just las… Read More

In a dynamic era of technological transformation and economic resilience across the African continent, a remarkable shift in the investment landscape is taking center stage, and it's the wom… Read More

Grey, a leading fintech company, recently hosted Clique, an exclusive dinner event at the renowned gastronomic restaurant, Ile-Eros, in Lagos, Nigeria, bringing together 16 dynamic startup f… Read More

It’s official! CcHUB co-founder and CEO Bosun Tijani is now Nigeria’s communications, innovation, and digital economy minister. His ministerial portfolio was announced on Wednesd… Read More

Over the weekend we sent a letter talking about how African startups like Yassir and Klasha are taking advantage of the new football season. If you missed the mail, you can read it here. In… Read More

Amidst the global downturn, investors globally, especially in Nigeria have continued to maintain a tight-fisted approach towards investing causing a funding decline. In the first half of 202… Read More

Senegalese fintech unicorn Wave has been named in the 2023 Y Combinator Top Companies list by Revenue, a compilation of 50 current top revenue earners in the coveted YC portfolio. Wave, t… Read More

Two days after we published an article explaining the implications of the unified exchange rate, the Central Bank of Nigeria (CBN) released a letter to all Deposit Money Banks (DMBs) providi… Read More

The past six quarters has been the scariest for Africa's tech ecosystem as it ushered in what is referred to as the massive correction in venture capital activity. This correction began in t… Read More

ARM Labs Lagos Techstars have opened applications for their 2023 accelerator program. The global program seeks to invest up to $120,000 in early-stage startups based in Africa focused on Fin… Read More

Nigerian communications platform-as-a-service startup Termii has raised $3.65 million in new financing, bringing its total funding to date to slightly $5 million. According to CEO Gbolade Em… Read More

We are starting the week with a special shout-out to one of our top partners, Geegpay who have recently launched their Mastercard and Visa virtual dollar cards. Not only do they have close b… Read More

Check out some of the Fintech Companies in Nigeria. Also, this article provides a brief description of these companies. Nigerian fintech firms are at the vanguard of Africa&rsqu… Read More

 Nigeria's Potential for Growth and Development in the Next 10 YearsNigeria is the most populous country in Africa and has the largest economy on the continent. With a population of ove… Read More

In the last letter, we told you that the African Development Bank (AfDB) in collaboration with the Nigerian government and other foreign and local investors have launched a $618 million fund… Read More

Ahead of Nigeria's gubernatorial and state assembly elections this weekend, a civic tech company and other CSOs have launched Election Watch, an online platform that allows electorates to up… Read More

On Sunday, several media reports said that hackers robbed Flutterwave of over ₦2.9 billion ($6.3 million). According to Techpoint Africa, ₦2,949,557,867 was illegally transferred… Read More

💝No money bouquet this Valentine's! The Central Bank of Nigeria (CBN) says that money bouquet—which are often used during Valentine, is an abuse of the Naira. The violation of… Read More

Following its launch in April 2021, ARM Labs Techstars Lagos Accelerator has admitted 12 African startups for the pioneer batch of the three-month program focused on early-stage fintech and… Read More

Y Combinator has released a list of 94 companies across the world that are part of the 2023 winter batch. As in previous batches, YC often updates its company directory with new participants… Read More

As of December 19, 2022, African startups have jointly raised $3.5 billion, per BD Funding Tracker. Although some of these startups have laid off some of their employees due to the economic… Read More

🛑The National Startup Investment Fund (NASIF) website—https://nationalstartupinvestmentfund.com/, is not supported by the Nigerian government or the African Development Bank. I… Read More

In Letter 137, we examine: Kenya's plan to manufacture smartphones how Cellulant's payment systems operator licence will enable UgandaNigeria's Edo state launches digital residency cardsand… Read More