Justina Salami

Madica invests $600K in Kilimo Fresh, Hakimu, Biovana pre-seed round

Madica invests $200,000 each in Kilimo Fresh, Hakimu, and Biovana, expanding its African startup portfolio and launching a pre-seed fundraising guide.

NDPC opens investigation into Remita, Sterling Bank over data breach claims

The Nigeria Data Protection Commission (NDPC) is investigating Remita and Sterling Bank over claims of data breaches involving leaked KYC documents and internal systems.

CBN orders banks to assess their own cybersecurity within 21 days

CBN has given Nigerian banks 21 days to complete a cybersecurity self-assessment, warning that false submissions will attract sanctions under BOFIA 2020.

SportyBet signs DJ Khaled and what it signals about Nigeria’s gambling market

DJ Khaled’s SportyBet deal highlights Nigeria’s booming $3.6B betting market, where fintech, mobile adoption, and celebrity influence are driving rapid growth.

Only 2 of the 32 identified S-VCG startups granted ₦50 million were led by women

Nigeria’s ₦2.25 billion student startup fund shows a gender gap, with only two identified women-led ventures among 32.

Africa’s startups have raised over $700 million in Q1 2026. Here’s what the numbers say.

African startups raised $705 million across 59 deals in Q1 2026, with debt financing accounting for the majority of capital. Fintech led in deal volume, while Egypt attracted the most funding, followed by South Africa and Kenya.

Flutterwave CEO joins Tony Elumelu and Jim Ovia in London to position Nigeria as Britain’s primary investment gateway

Flutterwave CEO joins Bola Tinubu and top executives in London as Nigeria pushes to become the UK’s main entry point for investment into Africa.

GoSwap raises first funding round to expand battery-swap network for electric scooters in Morocco

GoSwap raises $2M to expand its electric scooter battery-swapping network in Morocco, cutting costs and boosting EV adoption.

Only one African app makes Google Play’s first-ever apps accelerator shortlist

Nigerian edtech app Class54 is the only African startup selected for Google Play’s first Apps Accelerator, gaining access to global mentorship and growth support.

Gen Z are the most financially vulnerable generation in Nigeria, Piggyvest reports

A PiggyVest report shows 40% of Nigerian Gen Z have no income and 69% lack emergency savings, highlighting deep financial vulnerability.

Three-time founder Sim Shagaya launches Myka, a new insurance company for Nigeria

Sim Shagaya, founder of Konga and uLesson, has launched Myka, a new insurance company in Nigeria. The startup is currently accepting waitlist sign-ups.

South Africa’s littlefish raises $9.5M Series A

littlefish secures $9.5M Series A led by Partech to help African banks offer payments, POS, and SME tools without relying on fintech middlemen.