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.

AirBnb is introducing a private car pickup service to users, Here is how it works

Airbnb Expands Offer to Users with New Private Car Pickup Service

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.

Jury finds Youtube and Meta guilty of designing products that cause addiction

Meta and Youtube Found Guilty of Spreading Addiction

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.

MTN’s Ayoba app is shutting down

MTN is shutting down Ayoba, its messaging and super app launched in 2019. Despite early growth and free data incentives, the platform failed to retain users against WhatsApp and Telegram.

Kenya’s share of African agtech funding has halved in 2 years. Here is what the money is chasing instead.

African-based funders have quietly halved their Kenya agtech activity in two years, and the money trail explains what went wrong.