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Founders Factory Africa secures $144 million to back more early-stage startups

South Africa-based venture builder, Founders Factory Africa has secured $144 million to scale its hybrid investment model across Africa.

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Kobo360 CEO is now Enugu’s commissioner of transport

Enugu state governor, Peter Mbah, has appointed Obi Ozor, the co-founder and CEO of Kobo360, as the commissioner of transport.

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Harvard-AWS NextGen Accelerator backs 12 student-owned African startups

Harvard Innovation Labs and Amazon Web Services have selected 12 African student-led startups for the inaugural NextGen Accelerator.

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Nigerian artistes’ revenue on Spotify grew by 74% in 2022, raking over ₦11 billion

At the end of 2022, Nigerian artistes generated over ₦11 billion in revenue via Spotify, recording a 74% increase from the previous year.

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Moove raises $76 million in new funds to fuel further global expansion

The latest investment led by Mubadala Investment Company brings Moove's total funding to $335 million across debt and equity

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World Bank pauses financing to Uganda over anti-LGBTQ law

On Tuesday, World Bank announced that it will not provide new loans to Uganda due to its anti-LGBTQ laws. “Uganda’s Anti-Homosexuality Act fundamentally contradicts the World Bank Group’s values,” the Bank said in a statement seen by thecondia.com.

Brand Press

Credley launch new product to help startups increase employees benefits

The dynamic feature empowers companies to provide their staff with exclusive deals, benefits, and even an inflation allowance, all within Credley’s innovative platform.

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Spotify introduces its AI DJ feature in 18 African countries

Spotify has announced the roll out of its AI feature 'DJ' to its premium subscribers in 18 African countries including Nigeria, South Africa and Ghana, six months after launching the feature in North America.

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Elon Musk’s X rolls out Ads revenue sharing for verified accounts in Nigeria

X (formerly Twitter) has rolled out its Ads revenue sharing model in Nigeria. On Tuesday, several users in the country confirmed receipt of the first payout.

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Glovo and Chowdeck named as delivery partners to West Africa’s largest QSR chain

West Africa's largest quick service restaurant (QSR) chain Chicken Republic has announced Glovo and Chowdeck as its delivery partners in the country.

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Big Cabal Media cuts 19% of its workforce, cites “harsh market conditions”

Pan-African media company Big Cabal Media has downsized its workforce by 19%. The company intends to double down on its tech media publication and data analytics arm.

Fintech

Here’s what happened at Nigeria’s FinTech Forum 2023 event

The Nigerian FinTech Forum annually provides a veritable platform for discussions and deal-making between leading financial technology stakeholders.

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