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Partech Africa, the VC fund dedicated to technology startups in Africa, has issued its annual report on Africa Tech Venture Capital. The report, which aims to provide a practical picture of the state of the ecosystem, revealed that despite the global VC downturn, the African tech ecosystem grew faster... -
Stears, a Nigerian data and intelligence company, has raised $3.3 million to address Africa’s data shortage. A Nigerian data and intelligence company, Stears has raised $3.3 million to expand into East and Southern Africa, improve its data collection and analytics capabilities, and acquire talent. MaC Venture Capital led this... -
The Suzuki brand of vehicles from CFAO Motors and Vehicle Financing startup, Moove received zero safety ratings and are declared dangerous for our roads. For its mobility entrepreneurs in Ghana and Nigeria, Moove, an African mobility fintech firm, partnered with CFAO Motors, the continent’s most prominent automotive distribution network... -
The Central Bank of Nigeria (CBN) has approved Abeg App, a Piggytech Global Limited product, as a Mobile Money Operator in Nigeria. Abeg Technologies Limited, a division of Piggytech Global Limited, has been given approval in principle (AIP) by the Central Bank of Nigeria (CBN) to operate as a... -
Impact Hub Accra’s Betaraise Accelerator has accepted ten promising startups from Accra, Nigeria, and the US. With a minimal-frills approach and a laser focus on aiding first-time founders with no prior expertise in raising money, the Betaraise accelerator is made to help first-time founders move from launching a beta... -
Nigerian fintech startup, Lemonade Finance, has raised $725K in pre-seed funding for a project aimed at improving access to financial services for African diaspora investors. Nigerian fintech startup Lemonade Finance has secured a US$725,000 pre-seed funding round. The round was led by Y Combinator and other investors Ventures Platform,... -
Africa’s largest economy, Nigeria has launched the continent’s first digital currency, the e-Naira issued and regulated by the Central Bank of Nigeria. Nigeria, Africa’s largest economy, has introduced the e-Naira, the continent’s first digital currency. They join a select group of countries around the world that have adopted the... -
Sendbox, a Nigerian peer-to-peer delivery platform for social commerce, has secured $1.8m in a seed funding round to scale operations. A Nigeria-based e-commerce fulfillment platform for merchants in Africa, Sendbox has today announced the completion of a $1.8 million seed round from investors including 4DX Ventures, Enza Capital, FJLabs... -
Nigerian mobility startup, Plentywaka has raised $1.2 million in seed funding after successfully completing the Techstars Toronto Accelerator Program in July 2021. Stabus, a Ghanaian mobility startup, was also fully acquired by the startup. Isidore Kpotufe founded PlentyWaka in 2019 as a bus-hailing solution that allows commuters to book...
