June might have started on a rough note for many Nigerians, but there are a few reasons to be optimistic. First, there are two public holidays this month, and DStv/GOtv subscribers migh… Read More
A consortium led by Nigerian fintech darling Paystack has completed the acquisition of Brass, a business banking startup catering to small and medium-sized enterprises (SMEs), in what looks… Read More
Nigerian fintech startup Brass has been acquired by an investment group led by Paystack, with participation from PiggyVest, Ventures Platform, P1 Ventures and angel investors Oo Nwoye and Ol… Read More
Happy Children’s Day to all children and adults who’ve not lost their childlike sense of wonder! Cheers to asking questions and questioning what’s possible.Talking about wh… Read More
Five Nigerian students from African Leadership University have been selected for a month-long Silicon Valley Global Leadership Program – visiting tech giants like Microsoft and Y… Read More
We're starting with a story that's making waves in the global tech community: TikTok's move to automatically label AI-generated content on its platform. This step, taken in collaboration wit… Read More
Over the years, women have been doing well in tech and it is evident in the way they have been successful in making their tech startup progressive and highly rated. While discu… Read More
In an era marked by unprecedented challenges, the landscape on which startups and venture capitalists operate has become more daunting. Economic uncertainty has offered up a new set of hurdl… Read More
The Federal Executive Council (FEC) has approved the conversion of an existing property owned by the federal government of Nigeria in San Francisco, USA, into a Nigerian Digital Technology E… Read More
Sometime in 2022, Francis Nwani got a job from a US client but there was a lingering issue. The client insisted that he share a US bank account or the project would be cancelled. Nwani, a Us… Read More
Press freedom dey?The World Press Freedom Day—held on Friday, May 3—was meant to celebrate a free press, but in Nigeria, journalists faced another reality. The 2015 Cybercrimes A… Read More
You have probably noticed the SaaS industry’s boom if you have been following the tech industry. Opportunities for entrepreneurs abound in a market projected to be valued $273.55… Read More
In a turn of events, Ghana's National Communication Authority (NCA) has approved Starlink's application to offer broadband services in the country. This comes just four months after the NCA… Read More
The startup ecosystem in South Africa is a buoyant and dynamic industry propelled by innovation, entrepreneurship and a growing economy. The country has witnessed a significant surge in vent… Read More
Facing billions in losses from damaged cables, the Nigerian government is taking action. They're proposing a new law that would criminalise damaging fibre optic cables, especially those buri… Read More
At the Lagos Cloud Startup Summit last week, Huawei announced a cloud credit grant of $10 million to empower 100 Nigerian startups. This investment, spread over two years, provides each part… Read More
The global funding crunch has continued to hit the African tech ecosystem. In Q1 2024, startups on the continent raised at least $369 million across 64 publicly announced deals, a 51.36… Read More
In the last letter, we covered Ethiopia's Commercial Bank (CBE)'s plan to recoup funds lost due to a technical glitch. This glitch allowed users, particularly students, to withdraw more mone… Read More
Sim Shagaya, a seasoned entrepreneur known for his ventures such as Konga and uLesson, has added to the growing list of African entrepreneurs with venture firms or studios by launching The H… Read More
Sim Shagaya, a serial entrepreneur and CEO of uLesson has announced his new venture The Honey Badger Fund (HBF), a fund for backing "extraordinary Africans".“We invest in companies tha… Read More
Millions of Senegalese turned out to vote in yesterday's presidential election, initially slated for Feb. 25 but postponed by President Macky Sall citing irregularities with approved candida… Read More
A few weeks ago, news broke that four former Paystack employees, with at least six years at the company, departed to launch "GoLemon," a grocery and household delivery startup."Paystack is a… Read More
Iyinoluwa Ajayi, co-founder of Nigerian fintech startup Twinkle, endured a month-long payment delay with Brass, a separate Nigerian fintech company. Ajayi's experience reflects wider user co… Read More
Nigerian mobility fintech Moove has raised $100 million in a Series B funding round, led by participation from Uber and Abu Dhabi sovereign wealth fund Mubadala.
This funding round has eleva… Read More
Zone, a Nigerian blockchain firm that assists banks and fintechs with payment processing, has raised $8.5 million in venture capital funding, its first since becoming a standalone corporatio… Read More
Since last Thursday, users across Africa have struggled with slow internet. NetBlocks reports severe internet outages in Ivory Coast, Liberia, and Benin, with disruptions also affecting Ghan… Read More
Last Friday was International Women's Day, themed "Invest in Women, Accelerate Progress," we spoke with leading African women in tech Bolaji Sofoluwe (ETK Group founder/MD) and Chioma Okotch… Read More
Over 400 of Y Combinator's backed startups are officially inactive. Among them, Bendada.com's analysis of the YC Directory found that five are African startups. As tech reporter Kyril Kotash… Read More
No, Gmail is not shutting down! While Google isn't shutting down Gmail entirely, they are phasing out its basic HTML view. These older versions, lacking full functionality and replaced over… Read More
FairMoney, a digital bank based in Lagos and headquartered in Paris, is in discussions to acquire Umba, a credit-led digital bank providing payroll and financial services to customers in Nig… Read More
More than a year after X (formerly Twitter) dismissed its Ghana-based Africa team, the company has finally fulfilled its obligation to pay severance to the laid-off employees, following advo… Read More
💔 Gloomy news: Over the weekend, a tragedy gripped the Nigerian (and African) communities, especially those in the business and finance sectors, as Herbert Wigwe, the co-founder… Read More
Arnergy, a Nigerian cleantech startup that deals in distributed renewable energy products and solutions, has raised $3 million in new financing. The bridge round was financed by All On, a Sh… Read More
On most weekdays, Matthew Hans-Bello rises at 6:00 AM to the shrill call of his alarm. Occasionally, he grants himself a few extra minutes of sleep by hitting snooze. Once awake, Hans-Bello… Read More
Our inaugural report on the state of VC Funding in Africa is out! 🎉African startups raised $2 billion in equity funding across 263 deals in 2023, marking a 43% decline from the $3.3… Read More
Only three African startups have been selected for the 2024 winter batch of Y Combinator (YC), arguably the most coveted global accelerator. Two of the startups have been publicly disclosed;… Read More
Nigerian wealthtech startup; Cova co-founded by ex-CEO and founder at Printivo, Olu'yomi Ojo and Yomi Osamiluyi, is shutting down due to "several factors", the co-founders said in an email t… Read More
So far, two African startups, Cleva and Miden (by Tyrus Technologies), have been admitted into the Y Combinator (YC) Winter 2024 batch, according to the accelerator's directory. Both startup… Read More
Anthony J. Blinken, the U.S. Secretary of State, visited Cape Verde, Côte d’Ivoire, Nigeria and Angola from Jan. 21-26 to strengthen the relationship between the United States an… Read More
Iyinoluwa Aboyeji, the Nigerian tech entrepreneur and investor notable for co-founding two African tech unicorns, says he’s done a bit of a one-eighty on his long-held conviction in th… Read More
Is Flutterwave something you’re inquisitive about after hearing about it? Rest assured; We will attend to your every need. One of the most well- known financial technology compan… Read More
Last year’s techwide reckoning continues. The tech industry has seen more than 240,000 jobs lost in 2023, a total that’s already 50% higher than last year and growing. Earlier th… Read More
In the fast-evolving landscape of African tech, 2023 proved to be a year brimming with headline-making moments. From intersections in high places to the rise and fall of startups, the emerge… Read More
Last year, Jeremiah Ajayi—the Host of our investor-focused web series, The Investors' Corner asked six investors for their predictions for 2023. The respondents were previous guests on… Read More
The Central Bank of Nigeria (CBN) has raised concerns over the reported collusion between Deposit Money Banks (DMBs) and Point-Of-Sale (POS) operators. The alleged connivance has resulted in… Read More
On-demand logistics startup, DropX, the self-described “Uber for delivery” that took off in Abuja, the Nigerian capital, is shutting down.
In a LinkedIn post that echoed the s… Read More
We begin today with some exciting news!Over the weekend, our publisher, Benjamin Dada, was announced as the tech journalist of the year in Nigeria at the Art of Technology event in Lagos.Thi… Read More