Online shopping in Africa, while still nascent, is showing signs of immense growth. And with projected revenue of $27.65 billion this year, electronics and clothing items are leading the continent’s e…
Fintech startup, Carbon, launches $100,000 pan-African fund for startups; here’s what you need to know
Since the fintech space got more than half of Nigeria’s startup funding in 2019, Carbon has decided to launch its Disrupt Fund for non-fintech startups, investing up to $10,000 per startup for a…
How Jeph Acheampong is creating a new generation of African data scientists with his startup, Blossom Academy
With over 90% in career placement for its data science graduates since inception in 2018, Ghana-based talent accelerator, Blossom Academy, is in its little way, meeting the high demand for data scient…
Highlights of Techpoint and Pettysave town-hall meeting with Patrick Brown, the mayor of Brampton, Canada
As part of his 4-day visit to Nigeria, Patrick Brown, Mayor of Brampton, Canada visited Techpoint where he participated in a town hall meeting as he held an interactive discussion with tech entreprene…
"We've not launched our food delivery service yet"— Gokada CEO, Fahim Saleh
Reports have it that motorcycle-hailing startup, Gokada, has launched Chop, its food delivery service. However, CEO, Fahim Selah, says the service hasn’t launched officially yet.…
Connected Analytics, parent company of ThankUCash, gets accepted into 500 Startups as the only African startup in its 26th batch
Ventures Platform and Microtraction-backed Nigerian startup, Connected Analytics, has been accepted into 500 Startups seed accelerator programme as the only African startup in its 26th batch.…
LABS by ARM to invest $100,000 in five fintech startups participating in its 12-week accelerator programme
The Lagos-based accelerator backed by the ARM Group has selected five startups to participate in its accelerator programme. In partnership with Ventures Platform, each startup will receive $20,000 see…
Nigerian fintech startup, Aella Credit, raises $10 million debt financing to expand and invest in blockchain
Starting off as a micro-lending platform, Aella Credit has raised $10 million in debt financing to expand, and also to become a full-service lending and payments platform.…
Asides access to finance, political instability is perhaps the biggest constraint facing Nigerian tech businesses
Most times, Nigerian entrepreneurs cite lack of funding as a major challenge they face when running their businesses. Albeit true, here’s how political instability is also a significant constraint.…
Ethiopian-based edtech startup, Gebeya, closes $2 million seed funding as it plans to scale up services
In order to launch its online talent marketplace as well as scale up its training and marketplace services in francophone Africa, Ethiopian edtech startup, Gebeya, has raised $2 million in seed invest…
Farmcrowdy acquires Best Foods, plans to launch retail meat hubs across Lagos in the second quarter of 2020
For an undisclosed amount, Nigerian agritech startup, Farmcrowdy, has acquired Best Foods L&P Limited, one of the country’s largest meat processors, as it forays into the meat market.…
TLcom’s TIDE Africa Fund secures an additional $31 million, looking to invest in more pan-African startups
With a total of $71 million in its coffers, TLcom’s TIDE Africa Fund says it’s expecting to make an additional five to six investments in pan-African companies from seed to later stage ove…
“We need to go into Cockroach Mode” — Gokada founder and CEO, Fahim Saleh, addresses layoffs and pivot
Following the news of Gokada’s mass layoffs, founder and CEO of the motorcycle-hailing startup, Fahim Saleh, explains why Gokada took this decision and why it’s making a pivot.…
Nigerian agritech startup, FoodLocker, has been selected to take part in Founders Factory Africa’s programme
Just two months after getting accepted into a startup accelerator in Morocco, Techpoint Build’s alumnus, FoodLocker, has been selected to participate in yet another programme. This time with Fou…
Motorcycle-hailing startup, Gokada lays off most of its workforce
Reports reaching Techpoint suggest that Gokada has let go most of its staff. Coinciding with the recent motorcycle ban in Lagos, it is said that the startup has been going through layoffs since its tw…
Join us on the 7th of February for Techpoint’s first Pitch Friday of the year
We are glad to announce that our in-house monthly community event, Pitch Friday will be back for the first time this year on the 7th of February. We look forward to seeing you.…
How do these African countries compare in terms of startup ecosystem and funding size?
Based on two distinct reports, five African countries were ranked among the continent’s best startup ecosystems and most funded countries last year. Find out who they are.…
Former CEO of Twiga Foods, Grant Brooke, steps down from active management to focus on board role
After five years running operations at Twiga as CEO and executive director, Grant Brooke is stepping down from any active role at the company. Although he remains on the board, he has a new project in…
DriveMe, a one-stop fleet service shop, is simultaneously solving fleet management and driver-related problems
Despite numerous competition in Nigeria’s fleet management space, DriveMe is creating its own value by providing an all-round driving and fleet management experience for its customers and client…
Ride-hailing service, Bolt, launches its tricycle vertical in Nigeria’s south-southern city of Uyo
Since its entrance into the Nigerian market in 2016, Bolt, formerly known as Taxify, has managed to earn a top spot in the ride-hailing market in the country. Now, it is venturing into the tricycle-ha…