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LemFi raises $53 million Series B to fuel European and Asian expansion

LemFi will leverage this funding to expand its service offerings, scale its payment network licenses and partnerships globally, enabling hyper-localised service delivery.

News

Nigeria launches digital trade desk to boost tech sector

While strategic, the focus on a digital trade desk may raise concerns as Nigeria currently ranks 131st out of 190 economies in the World Bank's ease of doing business ranking

News

Mastercard opens Ghana office after three years of building partnerships

Mastercard's exploration in Ghana first started in 2021 when it hired its Country Manager. After a series of partnerships and events, the company has opened an office.

News

Nigeria’s Statistics Bureau to resume service in January 2025 after hack

The December CPI data is scheduled for release on January 15.

Fintech

BREAKING: LemFi expands to Europe. The journey so far.

LemFi, a fast-growing remittance startup with over 1M customers, and more than $33M in disclosed funding has expanded to Europe. Here is the journey so far.

AI

Rivals, Getty and Shutterstock to merge as competition heats up in the AI image generation space

Getty and Shutterstock, two rivals who have gone toe-to-toe for 20 years are merging off the back of competition from new AI image-gen startups. Who's next?

News

GTCO completes ₦209 billion capital raise, ahead of March 2026 deadline

GTCO will be the third Nigerian bank to make this announcement, months after the Central Bank raised minimum capital requirements tenfold for the country’s biggest banks

News

MTN sells Guinea unit, exits underperforming market

The deal is part of MTN's strategy to streamline its portfolio and focus on higher-growth markets

News

Village Capital invests $150,000 in two female-led startups

The Women in Tech Financing Facility, a joint initiative of Village Capital and Standard Chartered, addresses the funding gap for women entrepreneurs.

News

Tantalizers enters seafood market, acquires Lagos based fishing company

By integrating DanBethel's assets, Tantalizers aims to capitalise on the growing demand for seafood in Nigeria

News

10 biggest African tech stories of 2024

From billion-dollar milestones to market shakeups, dive into the biggest African tech stories that defined 2024.

News

PBR Life Sciences raises $1M pre-seed to expand AI-powered healthcare data platforms across Africa

Previously targeting 1000 pharmacies in Nigeria, PBR will use this new funding to expand its AI-driven health data solutions in Ghana and Kenya.

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