One of Africa’s major markets looks set to enter the ranks of African nations working on a bespoke policy to support startups and innovation. When Kenya’s other policies are considered, it…
MEST Africa to invest $700k in its Class of 2020
Last year, Pan-African incubator, MEST Africa invested $1.1 million in its Class of 2019. For this year’s class however, only seven startups out of 15 will receive the incubator’s $100k cheque.…
Nigeria opens portal for $193 million MSME, startup payroll support fund
The Nigerian government has kicked off another phase of its economic sustainability plan as it opens registration portal to support MSMEs, startups with salary payments …
Nigerian API fintech, Mono, raises $500k pre-seed, wants to build Plaid for Africa
Founded two months ago, Nigerian API fintech startup, Mono, has raised $500k in pre-seed funding from Lateral Capital and Ventures Platform among others. It will be used to expand the team and scale t…
Facebook is opening its second African office in Lagos, Nigeria
Five years after opening a physical office in South Africa, Facebook has decided to open an office in Lagos, Nigeria, the first in Africa to house a team of local tech talents. This is to become opera…
Why Nigeria wants financial account holders to submit self-certification forms
The Nigerian government has ordered entities and individuals to submit self-certification forms to their respective financial institutions. A closer look shows a deep play for billions in offshore tax…