In keeping with an increasing focus on Africa’s remittance market by financial players, Ecobank partners with Alipay in a move that could take the reach of its remittance platform to about 1.2 billion…
News
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.…
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…
Nigerians should prepare for another SIM card registration exercise in 2020, this time with new requirements
Following a recent order given to NCC to review the SIM card registration policy, we suspect network providers will soon call for yet another registration process. Here’s what you should know…
Jobberman co-founder, Opeyemi Awoyemi joins worldwide job search engine, Indeed
During global job search engine, Indeed’s visit to Nigeria on Monday, the familiar face of Opeyemi Awoyemi, co-founder Jobberman, was spotted among the eight-man delegate. Here’s what we d…
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.…
Nigerians react as telcos increase voice and SMS tariffs with the implementation of 7.5% VAT
Although it appears Nigerians have finally embraced the reviewed Valued Added Tax (VAT) which took effect from February 1, it seems they didn’t expect it to affect telco tariffs. Here are their …
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.…
Global job search company, Indeed, visits Nigeria; meets with Decagon, a training institute for software engineers
A team of product managers from global job search company, Indeed arrived Lagos, Nigeria over the weekend, and visited Decagon Institute on Monday. We analyse what the visit may mean to tech talents …
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…
Interswitch lists ₦23 billion bonds on the NSE: what’s next for Nigeria’s first unicorn?
On the back of plans to officially list on the NSE and the LSE, Nigeria’s pioneering fintech company, Interswitch limited, looks to enter a new stage in its growth, with the issue of a ₦23 billi…
NCC sanctions Airtel, Glo and 9mobile with ₦2.7 billion fine
Nigeria’s telecom regulator, NCC has once more placed sanctions on major telcos in Nigeria for various infractions and coupled with its earlier fines, Nigerian telcos have been fined up to ₦2.9 billio…
Kenya’s controversial identity management system given the go-ahead, pending an implementation plan
A Kenyan court has declared the controversial Huduma Namba system legal pending a constitutional implementation plan. The system proposes intrusive data processes and harsh consequences for those who …
$26 billion to be spent by South Africa on technology in 2020
Over $26 billion is expected to be spent on technology related infrastructure, products and services in South Africa, a major increase from previous years.…
Grammy awards winners, nominees used to disguise malware attacks
Cybercriminals are using the interest in the recently concluded Grammy Awards to distribute malware disguised as popular musicians like Billie Eilish, Lil Nas X and Ariana Grande, amongst others.…
‘Detty’ December: Glo, MTN, and Airtel gain 3.2 million Internet subscribers to mark festive period
After a surprisingly heavy loss in November, Glo made a humongous comeback during the festive season, and with equally large gains from MTN and Airtel, Nigeria gained more Internet subscribers in 2019…