SME Growth Lab partners Shecluded to empower African female entrepreneurs

To commemorate the 2023 International Women’s Day, SME Growth Lab Africa and Shecluded have entered a strategic partnership that will enable female entrepreneurs across Africa to participate in SME Growth Lab’s first women-only cohort of its Digital Accelerator Program.

20 funding terms every startup founder should know

Understanding funding terms is essential to ensure that you make informed decisions when it comes to securing funding for your startup. Here are 20 funding terms that every founder should know.

Lazerpay shuts down after inability to raise funding

Nigeria's federal executive council has approved the national policy on blockchain. Through the policy, the country will develop regulatory framework to govern the adoption of the technology.

Ex-Chipper VP, Wiza Jalakasi to lead EBANX’s African operations

Brazillian fintech unicorn, EBANX has hired Wiza Jalakasi, the former VP of global merchant payments at Chipper Cash, to lead its African operations.

Google to prevent financial lending apps from accessing user photos, contacts

Google will prevent apps that offer loans to individuals from gaining access to their photos, videos, and contacts in a bid to address predatory behaviour from some lenders.

Nigeria inaugurates digital innovation council to drive Startup Act

In line with the Nigeria Startup Act, President Muhammadu Buhari has inaugurated the National Council for Digital Innovation and Entrepreneurship to drive the adoption of the Act.

SA fintech Peach Payments secures $31 million Series A

South African-founded fintech Peach Payments has secured $31 million Series A funding from equity fund manager Apis Growth Fund II.

With $53M, Nigeria will install free internet at airports and other public spaces

The Nigerian government has approved $53 million for the installation of free internet services at 20 selected airports, six markets and 43 universities across the country.

Kenya gets $378 million EU loan to roll out electric BRT system

The European Union has approved a $378 million financing for Kenya to boost the country’s Bus Rapid Transport System which will be run by EVs.

Shuttlers secures $4M to drive its shared-mobility offering in Nigeria

Nigerian shared-mobility startup, Shuttlers has raised $4 million in equity funding to expand its offering across the country. The funding round was led by Verod-Kepple.

Africa Development Centre Kenya is affected by Microsoft’s global layoffs

Barely 24 hours after rumours started about layoffs at Microsoft ADC Kenya, an employee has confirmed that he was affected by the layoff which is part of a global job cut at the big tech.

Paystack CEO doubles down on his effort to build a football empire

Shola Akinlade, Paystack co-founder and CEO has acquired a 55% stake in Aarhus Fremad, a Danish football club. This acquisition will bolster the growth of his Nigeria-based club, Sporting Lagos.