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.…
How startups cope with Nigerian investors’ seemingly low appetite for risk
Nigerian startups raised $377m in 2019 but almost 95% of that came from foreign sources. Here is how Nigerian startups cope with local VCs and their seemingly low appetite for risk…
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…