Data from the Nigeria Inter-Bank Settlement System reveals that Nigeria recorded its highest volume yet for online transactions. We take a dive into how, where, and why this is happening.…
Wee Media, the parent company of tech and business publication, WeeTracker, raises $400k seed
Pan-African media company, Wee Media has raised a seed round of $400k. The company will use the investment to scale its subscription-based products (Wee Tracker and AfriCo), and expand to South Africa…
Only 14 West African startups raised $10m+ in the last decade
Between 2010 and 2019, 51 West African startups each raised at least $1m cumulatively. But further research shows that only 27.45% (14) of them raised above eight figures.…
How former OKash CEO wants to tackle fraudsters and chronic debtors in Nigeria
A former banking and fintech executive has launched the Blacklist, a platform that could help companies and individuals deal with chronic debtors and fraudulent people. …
MTN Group sells stake in Jumia, reportedly makes net proceeds of $142 million
South Africa’s MTN Group has exited its 18.9% stake in Africa-focused online retail giant, Jumia. This comes after another share price rally and 11 days before the announcement of Jumia’s …
Nigerian HR startup, SeamlessHR, raises a seven-figure round to drive pan-African expansion
With a presence in Nigeria and Ghana, SeamlessHR has raised a fresh round to expand to other African countries. US-based Lateral Capital and Lagos-based Consonance Investment Managers led this round.…
