Johnstone Kpilaakaa

Google AI Accelerator backs Famasi and 10 other African startups

Google has selected 11 African startups for the first cohort of its “Google for Startups Accelerator: AI First” programme.

Google AI Accelerator backs Famasi and 10 other African startups

Google has selected 11 African startups for the first cohort of its “Google for Startups Accelerator: AI First” programme.

Exclusive: Troubled Ghanaian fintech, Dash set to lay off 50% of its staff

Seven months after Dash CEO was suspended to enable a financial audit, the Ghanaian fintech plans to downsize its workforce by 50% due to its inability to raise additional funding.

Kano, Kaduna, and Abuja are Northern Nigeria’s startup hotspots, says TTLabs

The 2023 Northern Nigeria Tech Ecosystem report from TechTankLabs (TTLabs) reveals that Kano, Kaduna, and Abuja, host the majority of startups in Northern Nigeria, surpassing the halfway mark in the regional startup landscape.

Stears transitions to B2B, launches intelligence solutions for businesses

Pan-African data and intelligence company, Stears today announced its transition from B2C to B2B. The company has also launched intelligence solutions for businesses and professionals.

South African fintech, Stitch secures $25 million Series A extension

Stitch has secured a $25 million Series A extension in a round led by Ribbit Capital. The funds will be used to further develop its all-encompassing payment solutions.

BD Insider 197: Nigerian Police ask residents to be wary of dating sites

Important warning: Nigerian Police urges caution on dating sites. Also, insights on Kenya's PAPSS membership and MTN's remittance play in South Africa.

BD Insider 196: Techstars Toronto backs 10 African startups in 2023 summer cohort

10 African startups selected for Techstars Toronto's 2023 summer cohort. We also curated other noteworthy information including opportunities for African founders and Nigerian SMEs.

Africa accounts for 40% of Techstars Toronto’s investment portfolio

In the last six years, Techstars Toronto has made 100 investments in startups across the globe. 40 of these investments are in Africa.

Twiga Foods faces a liquidation threat over $263,691 debt

Incentro Africa has filed insolvency against Kenyan agritech startup, Twiga Foods for its failure to remit KES 39 million ($263,691).

Biden appoints Chipper CEO on advisory council for African diaspora engagement

United States President, Joe Biden on Tuesday announced the appointment of Ham Serunjogi, co-founder and CEO of Pan-African fintech Chipper Cash, as a member of the country’s advisory council on African diaspora engagement.

Nigerian fintech, Risevest acquires Chaka

Techstars-backed fintech, Risevest has acquired Chaka, a digital trading platform. “I’m excited about how Chaka’s product will evolve and how we’re going to learn from the Risevest team,” Tosin Osinbodu, Chaka’s founder told TechCabal while confirming the deal that was closed on Tuesday (September 26).