Africa focused eCommerce giant, Jumia, has announced its earnings for the final quarter and the full year 2020. Though losses continue to drop, there’s much slower growth compared to 2019. Find …
NIN Registration: Nigeria ravaged with over 77k COVID-19 cases in 2 months
Nigeria has recorded over 77k COVID-19 cases since NIN registrations began two months ago, a scary 50.3% of the total record to date. We explore the possible ravaging effects of securing NINs in the …
In 2020, Nigeria lost ₦5b to fraud in 9 months: What you need to watch out for
Nigerian financial institutions lost ₦5b to fraud in 9 months, and criminals defrauded over 48,767 unique subscribers. As digital channels become prevalent, find out what you need to watch out for in …
Nigerian healthtech startup funding grew 404%, eCommerce almost hit 5900% in 2020
While investor focus deepened on cleantech across Africa, healthtech startups were second only to fintech companies in funding size and deals made in 2020. Online retail also made a huge comeback. Let…
What you need to know as Nigeria’s lawmakers plan to disqualify journalists without media degrees
Nigeria’s online media space might be set for upheaval as the Nigerian House of Assembly resumed deliberations on a bill that will disqualify and penalise journalists without journalism or media-relat…
Nigeria’s SEC pauses crypto regulation plans, confirms intent to regulate Investment-tech
Nigeria’s Securities regulator has paused plans to regulate the crypto space due to the CBN’s directive that disconnects crypto players from the banking system. It also confirms possible investment-te…
Nigerian Senate offers possible lifeline for crypto, invites SEC and CBN for a briefing
The @NGRSenate is deliberating on the recent restriction of crypto by the CBN. Weighing its possible risks and benefits, the upper legislative house has summoned the @cenbank, and the @SECNigeria for …
Connected Analytics, parent company of ThankUCash, raises seven-digit pre-Series A to expand operations
Nigerian retail-tech/analytics startup, Connected Analytics, has secured a seven-digit pre-Series A funding. This follows previous investments of up to $410k from notable investors, and a year after j…
GIG Logistics wants to reduce delivery costs for merchants with new Class Plan
Nigerian logistics giant, GIG Logistics, has launched the GIGL Class Plan, a solution that wants to address the problems of delivery cost for eCommerce merchants within and outside Nigeria…
Reviewing CBN’s reasons for restricting cryptocurrency in Nigeria
Citing volatility, fraud, and bans in countries like China, @cenbank has released a statement explaining why it’s denying crypto players access to banking services. Let’s review the facts behind…
What the CBN’s crypto order means for you going forward
The Central Bank of Nigeria has ordered banks and other financial institutions to stop processing crypto transactions. What happens to your crypto? What are the possible implications of this move? Let…
Ghanaian Agritech startup, Agrocenta raises $790k pre-series A
Ghanaian Agritech startup, and winner of Seedstars World competition for 2018, @agrocenta, has raised $790k pre-series A funding. This follows its seed round of $650k and brings its total disclosed fu…
Airtel records revenue growth, profits decline by 21% from March to December 2020
Airtel Africa has released its financials for March to December 2020, showing much-improved revenue growth and a larger customer base. However, some factors induce profit decline.…
Nigerian fintech startup, Cowrywise, raises $3m pre-series A funding led by Quona Capital
Nigerian wealth management startup, @cowrywise has raised $3m pre-series A funding led by US-based VC firm,@QuonaCapital . This follows seed investments from the likes of @ycombinator, @microtraction,…
5 exciting ways to use cryptocurrency in Africa
In 2020, Africa’s crypto industry, led by Nigeria, became one of the most active globally. Here’s a list of some exciting crypto-based use-cases you can take advantage of in 2021.…
6 Nigerian tech policies to watch out for in 2021
In 2020, many tech policies came into effect while others hung over different sectors’ heads. Here are some policies Nigeria’s tech industry players in logistics, fintech, and others should watch out …
Nigeria recorded $428 billion worth of e-transactions in 2020, 42% higher than in 2019
In what was quite an electronic year, 2020 data from the Nigeria Inter-Bank Settlement System shows that Nigeria recorded $13 billion worth of POS transactions and over $415 billion in Inter-bank tran…
Nigeria’s apex bank releases framework for fintech sandboxes, QR payments
Nigerian fintech startups to face new regulations as the Central Bank of Nigeria publishes updated regulatory frameworks for fintech sandbox operations and QR code payments…
Kenya eyes $45 million in revenue as it implements digital services tax
Kenya’s tax regulator eyes millions in revenue as it implements digital taxes on local and foreign Internet companies and entrepreneurs pay a 1.5% tax on goods and services sold and offered online…
What you should know as SEC plans to regulate Chaka, Trove, other investment-tech apps
In 2020, Nigeria’s Securities regulator sent a court order restricting investment platform, Chaka from offering or advertising stocks. The details of this move suggest it wants to regulate how every N…
