Old ₦200 notes will be legal tender for 60 days — President Buhari

To ease the supply pressure on citizens, Nigeria's President Buhari has approved the use of old ₦200 notes as legal tender until April 10 2023..

Smile Identity lands $20M Series B for pan-African expansion

Africa's leading KYC onboarding and identity verification platform, Smile Identity has secured a $20 million Series B to grow its team and expand its offering across Africa.

Francophone Africa’s Qotto secures $8M Series A

Francophone Africa-focused cleantech company, Qotto has raised $8 million in a Series A equity-debt round to scale its operations in existing markets and expand to Ivory Coast.

President Buhari signs Nigeria’s first business facilitation bill into law

President Muhammadu Buhari has signed the business facilitation (miscellaneous provision) bill 2022 to tackle bureaucratic constraints to doing business in Nigeria

Why Ethiopia wants to sell 45% of Ethio Telecom

The Ethiopian government wants to sell 45% of its telecom Ethio Telecom, which lost its monopoly in 2022, a figure up from the 40% sale announced in November 2022.

YC-backed Curacel secures $3M seed to expand its insurance offering into North Africa

Nigeria-based insurtech, Curacel has secured a $3 million seed funding to expand its drive insurance experiences across Africa.

Pade HCM lands $500k pre-seed to automate HR processes for African businesses

Nigerian HRTech company, Pade has secured $500,000 pre-seed in a round led by Zrosk IML, Zedcrest Capital, Microtraction, Expert Dojo, and Resilience 17

Inside the card fraud that claimed $4M from Safaricom

Kenya's leading telco, Safaricom lost over $4 million in SIM card fraud on its lending platform, Fuliza loans in 2022. Suspects have been arrested by the Kenyan authorities.

How to incorporate a startup in the US as a Non-citizen

Starting a business in the United States as a non-citizen or Nigerian can be an exciting and rewarding venture. With its large and diverse market, the US offers a wealth of opportunities for entrepreneurs to grow and succeed.

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Yodawy secures $16M Series B to drive e-pharmacy adoption in Africa

To drive e-pharmacy adoption in Africa and the Middle East, Yodawy has secured $16 million in a Series B round co-led by Delivery Hero Ventures and Global Ventures.

Supreme Court suspends Nigeria’s demonetisation process

Following a lawsuit by three Northern governors challenging the Naira redesign, Nigeria's Supreme Court has temporarily halted the enforcement of the Feb. 10 Naira swap deadline.