Johnstone Kpilaakaa

Lagos suspends ₦150,000 safety audit fees for tech hubs

The Lagos State Safety Commission has suspended the planned implementation of ₦150,000 safety audit fees for tech hubs and co-working spaces.

Numida will provide more loans to African MSMEs with $12.3M pre-series A

Y Combinator-backed Numida has raised $12.3 million in debt and equity funding in a round led by Serena Ventures.

How Daystar Power’s acquisition by Shell will drive Africa’s renewable energy

Shell’s first power acquisition in Africa, will enable Daystar Power to increase its installed solar capacity to 400MW by 2025.

SweepSouth lands $11m investment for its pan-African expansion

SweepSouth has raised $11 million in a funding round led by Alitheia IDF, a private equity fund.

Why Uber and Bolt drivers in Kenya are protesting

In Kenya, Uber and Bolt's drivers staged a protest on Monday to ask riding-sharing companies to reduce their commission per NTSA regulations.

Farmerline secures an additional $1.5M pre-Series A to expand across West Africa

Ghana-based agritech startup, Farmerline has secured an additional $1.5 million pre-Series A to expand across West Africa.

Vendease secures $30M to enable procurement for restaurants across Africa

Vendease has secured $30 million in an equity and debt funding round to power operations for restaurants across Africa

BD Insider, Letter 130

BD Insider, Letter 130 covers Nigeria's plan to relaunch a national carrier, updates on the Amazon HQ construction in Cape Town and how Zoom's latest vulnerabilities threaten users' safety.

Binance appoints two Africans to its global advisory board

Binance has appointed global political and business leaders and to its advisory board, including two Africans—Ibukun Awosika and Leslie Maasdorp.

Bamboo expands into Ghana

After Bamboo announced its $15 million Series A funding in January 2022, the fintech startup revealed that it intends to enter new markets like Ghana, Kenya and South Africa. Prior to the funding, Bamboo announced its plan to launch in Ghana in April 2021, as of January 2022 more than 50,000 Ghanaians joined the waitlist.

Starting Sept. 30, First Bank will suspend int’l transactions on its Naira Mastercard

First Bank of Nigeria will suspend international transactions on its Naira Mastercard from September 30, 2022, according to TheCable.

Open Access Data Centres continues its edge data centre expansion in South Africa

Open Access Data Centres (OADC) has announced the deployment of a further three OADC EDGE data centres (DCs) in South Africa.