Share
President Buhari has inaugurated the National Council for Digital Innovation and Entrepreneurship with the mandate to guide the implementation of the Nigeria Startup Act.
Some former employees of Sama in Kenya, Meta's ex-local content moderator have sued both companies over illegal sacking and blacklisting. This is the third time these companies will be sued for issues related to content moderation.
Dubai-based fintech group, Credable has raised a $2.5 million seed round led by a pan-African VC fund, Ventures Platform Fund IV LP.
Nigerian fintech company, OnePipe has raised a $4.8 million debt financing from TLG Capital, it has also laid off at least ten employees and the executive team has taken a pay cut, according to media reports.
The Nigerian government in collaboration with local and international partners have launched a $618 million fund to invest in the country's digital and creative industries.
African fintech unicorn, Flutterwave has acquired two additional licenses in Rwanda, three years after it launched operations in the country.
African genomics company, 54gene has appointed Ron Chiarello as its new CEO. Amidst a $100 million valuation slash and job cuts, the company wants to raise additional capital.
Egypt-based VC firm, Flat6Labs has launched a $95 million fund to invest in startups in Sub-Saharan Africa with a goal to back over 170 startups in the next five years.
The National Identity Management Commission says Nigerian citizens resident in the country will be charged a ₦1000 fee for NIN verification for each Nigerian passport application.
Garry Tan, YC's president has disclosed that the accelerator is shutting down its $700M Continuity Fund targeted at growth-stage startups, this will affect 20% of YC's employees.
FairMoney, a Nigerian fintech company has acquired PayForce, a sub-brand of YC-backed CrowdForce in an undisclosed deal.
Effective May 17, 2023, all mobile operators are mandated by the Nigerian Communications Commission to migrate from diverse short codes to harmonised codes. We curated a list of the new codes.
Get a weekly newsletter roundup on African Tech