MTN Group looks set for a major restructuring as it plans to cash out on Jumia, IHS Towers in the future and exit its operations in the Middle East to focus on Africa. …
Startups
In nearly a decade, hundreds of entrepreneurs have emerged with innovative startups across the African continent. We provide insights on their experiences and highlight the activities of investors who fund them.
Colombian-based accounting startup, Alegra expands to Africa, hopes to dominate market
Alegra is a Colombian-based accounting software for MSMEs being used in 25 countries. With the backing that comes from being part of the Endeavor network, Africa is its next target market.…
Building two YC-backed startups in five years: A discussion with Jesse Ghansah
Ghanaian entrepreneur, Jesse Ghansah co-founded media startup, OMG Digital in 2015. Five years later, he’s working on Swipe, a fintech startup. In this interview, he shares his journey starting …
Bus-booking platform, Plentywaka raises $300k pre-seed funding as it expands to Abuja
With over 40,000 customers in Lagos, Plentywaka is looking to acquire more by expanding to other states across Nigeria. It has raised $300k to achieve this while making capital city, Abuja, its first …
Serial entrepreneur, Dele Odufuye on Flobyt, Traffic Talk and silent acquisition of Tsaboin
In the Nigerian tech ecosystem, the name Dele Odufuye is synonymous with Tsaboin and Flobyt. Here, he tells us about the companies, their public-facing projects, and how the former was acquired earlie…
Report: Nigerian startups raised $28.35m in Q2 2020, 14% higher than in Q2 2019
Nigerian tech startups raised a total of $28.35 million in Q2 2020, with Financial Services providers accounting for less than 10% of the amount raised. Find out about this and much more in the Q2 202…
Nigeria’s Kiakiaprint takes print-on-demand business global with Canva partnership and South Africa expansion
In three years, Kiakiaprint has quietly grown to become one of Nigeria’s largest print-on-demand startups. It is going a step further by partnering with Canva and expanding globally, beginning with So…
Agritech startup, ITIKI simplifies rainfall forecast for Africa’s small-scale farmers
The brains behind ITIKI, an agritech startup, believe that even if every other resource is not available for small-scale farmers, knowing the patterns of rainfall and other natural elements can boost …
How Apollo Agriculture is solving small-scale farmers’ credit problem in Kenya
Founded in 2016 by Benjamin Njenga, Eli Pollak, and Earl St Sauver, Apollo Agriculture uses technology to empower small-scale farmers to maximise their profits. Here’s how the $7.6m VC-backed Kenyan s…
In a space with two heavyweights, Corpreneur hopes to make Nigerian millennials save more
Since launching last year, Oluwafemi Alofe and his team at Corpreneur have helped Nigerians save over $115,000. Here’s how the fintech startup hopes to thrive in a space dominated by the likes of Cowr…
VALR raises $3.4m to advance cryptocurrency adoption
VALR, one of South Africa’s leading cryptocurrency exchanges, announced that it has raised R57 million (US$3.4 million) to advance the adoption of cryptocurrencies.…
Entrepreneur-driven Venture Capital Fund E4E Africa launches in SA
Entrepreneurs for Entrepreneurs Africa (E4E), a new venture capital fund aimed at building internationally successful businesses owned by South African entrepreneurs has launched. Backed by a founding…
Job matching platform, Giraffe secures grant from UNICEF Innovation Fund
Giraffe, a South African mobile job matching platform that aims to reduce unemployment in emerging markets by enabling job seekers to easily create CV via cellphone for free, has received grant fundin…
Animation and gaming startup, Sea Monster bags $1m investment
Cape Town-based, animation, gaming, and AR/VR company, Sea Monster has secured a $1 million investment from FirstRand’s Vumela Fund.…
How an ambitious African startup grew into a global fintech powerhouse
How an ambitious African startup grew into a global fintech powerhouse…
Hybrid-delivery startup, WAeY Hailing, launches to help users get delivery on their own terms
Another Nigerian startup, WAeY Hailing, has hopped on the logistics bandwagon. It claims to have an edge by allowing users to simultaneously run up to six orders on the same account and change destina…
An insight into how Tokyo-based VC, Samurai Incubate Africa, invests in African startups
Samurai Incubate Africa, Japanese early-stage VC firm, arrived on African shores in 2018. Since then, it has invested in 21 startups including Wallets Africa and more recently, Eden Life. Here’s how i…
TradeDepot raises $10m pre-Series B funding for expansion and new financial products
Nigerian B2B eCommerce startup has raised $10m in pre-Series B funding. This comes after its $3m Series A in 2018. The new funding will allow it expand to other African countries and also offer financ…
Akiddie wants to create the largest collection of African children’s stories
These days, African children read and know more about Western stories than indigenous ones: think Zeus and Sango. Akiddie, a Nigerian media startup, is working towards changing that narrative.…
Safaricom’s financials show how much stake it owns in the new M-Pesa venture
When Safaricom and Vodacom acquired M-Pesa from UK telecoms operator, Vodafone, details of their stakes and acquisition costs were still unclear. But we can tell from their financials.…