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Twitter CEO suspends Africa move due to coronavirus, among other reasons
Following heightened global coronavirus concerns, Twitter and Square CEO, Jack Dorsey, is rethinking his plan to spend six months in 2020 in Africa. But there is more to this decision…
Pressing questions ahead as CBN sets to implement cashless policy from April 2020
Despite questions about the country’s readiness, the Central Bank of Nigeria has confirmed that from April 2020, it will begin a nationwide implementation of its cashless policy directive.…
VFD Group launches V, a personalised digital banking platform
Two fully digital banks launched in Nigeria in the last two years. This time around, VFD Group, owners of the VFD Microfinance Bank, joins the digital banking trail with the launch of a virtual bankin…
Abuja-based innovation hub, Work and Connect, launches a sandbox project for startups
Work and Connect, an innovation from Abuja, offers a variety of support to entrepreneurs in Nigeria’s capital city and with its Connect Lab arm, it is creating a sandbox project to accelerate early-st…
Early-stage venture capital firm, Microtraction, now offers $25,000 for 7% equity
Startup costs have risen over the last few years and in a bid to help startups stay focused on building their products, Microtraction has increased its investment size by 66% from $15,000 to $25,000 f…
Ugandan motorcycle-hailing startup, SafeBoda, finally commences operations in Nigeria
Following months of speculation on its proposed plan to commence operations early this year, SafeBoda has now officially launched and is operational in Nigeria’s south-western city, Ibadan.…
Do you have a startup? Tell us about it
Launching a startup isn’t just about building a product. Telling your startup story is also very important and we are giving startup founders a chance to tell their story on our platform.…
Ivorian eCommerce startup, Afrikrea, raises $1 million for expansion
On the back of competing in Jack Ma’s Africa Netpreneur Prize in November last year, Afrikrea has gone on to secure a round of $1 million for expansion across Africa.…
Nigerian government approves $268 million to support startups/MSMEs
In line with its plans for economic diversification, Nigeria’s federal government has announced a fund to support young innovators running startups MSMEs in the country, but will it see the light of d…
Netflix might soon offer more Nollywood originals with the advent of Netflix Naija
As Netflix opened a dedicated Twitter account for its Nigerian subscribers — Netflix Naija — we look at the reactions that trailed it and the possibilities it holds for local viewership go…
“Nigerian startups raised $377m in 2019, more than twice the value of 2018.” — Report
Nigerian tech startups raised a total of $377m in 2019, almost twice what they received in 2018. Find out how they did in this annual report.…
JumiaPay hits $135 million as losses continue to soar: Highlights from Jumia’s 2019 financial report
Africa’s largest eCommerce platform, Jumia, has announced its financial results for Q4 2019 and full year 2019, where it reported a loss of 61.1 million, accompanied by encouraging numbers on its e-pa…
Kenyan eCommerce startup, Sokowatch, raises $14 million series A to target new African markets
Since launching in 2013, Sokowatch has served over 15,000 small retailers in Kenya, Tanzania, Rwanda, and Uganda while raising $4.5 million. Now, it has raised $14 million in series A to expand to oth…
NCC approves 1,492 phone brands, models for purchase and use in Nigeria
To stem the rise of fake products, the Nigerian Communications Commission has approved different mobile phone brands and models for use in the country, and users are urged to verify before any purchas…
Early-stage startup? Apply for the upcoming Techpoint Startup School in March
The next edition of the Techpoint Startup School, coming up in March 2020, is focused on early-stage startups. If your business is at its early stage, you should hurry up and apply…
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…
Google to discontinue its free public WiFi initiative in all its markets starting this year
As Google revealed its intention to end Google Station, a free public WiFi initiative, in India due to a failed business model among other reasons, it is a matter of time before other markets also get…
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.…