Nigerian fintech startup, OPay has added more verticals to its platform. With the termination of ORide in Lagos earlier this year, we address speculations about the startup’s survival and explor…
Remote dating: A lockdown isn’t hard on every relationship after all
Apparently, dating isn’t exempted from the many activities that have completely gone digital due to lockdown. We explore the use of online tools across the levels of relationship and their posit…
Nigerian healthtech startup, Helium Health, raises $10m in Series A funding
Lagos and San-Francisco-based Helium Health has raised $10m in Series A funding bringing the startup’s total investment to over $12million. The funding will be used to expand the team and scale to Nor…
African startups are under threat, and governments need to save them
Current studies show that startups will fuel a post-pandemic economic upturn, but with recent lay-offs and a predicted drop in VC funding, African startups are set for an uphill battle and need the ba…
African VC funding to drop by nearly $1B at the end of the year, report says
Over $2B was raised by African startups last year with projections made for larger investments in 2020. But despite funding in Q1 nearly at $350m, a report by AfricArena is predicting a 40% drop from …
Software talent company, Andela, lays off 135 staff across 4 countries
Pan-African software engineering talent startup, Andela, has laid off 135 staff across four countries. Also, salaries will be slashed by 10% to 30% across the board as the company looks to pull throug…
Q1 2020 report: For MTN Nigeria, voice revenue remains king over data
MTN Nigeria maintained its usual dominant position at the top of Nigeria’s telecom market in 2020, but here’s how global disruptions and domestic policies affected its major revenue streams in Q…
To resume at the office or continue remote work, a dilemma for startups
The long-awaited fourth of May has come, and almost gone, leaving startups facing a dilemma; to immediately begin operations at their offices or to continue remote work for the time being.…
Post-pandemic rebound: Why businesses must weigh the cost of layoffs
Predicting how long the COVID-19-induced recession will last is impossible, hence, all the decisions a company must take to stay alive. Laying off staff is one such decision but it should be influence…
IROKO places 28% of its Nigerian staff on unpaid leave
Founder and CEO of IROKO, Jason Njoku made it known via his blog that 28% of his staff in Nigeria have been furloughed. He shared why the company decided to take this decision despite a brief surge in…
