Ventures Platform closes $46 million pan-African fund

Ventures Platform today announced the final close of its Pan-African Fund at $46 million.

Why ARCON is coming after digital content creators in Nigeria

Nigeria's advertising regulator, ARCON has mandated digital creators to request permission before advertising products and services.

Visa wants to invest $1 billion in Africa by 2027

CEO of Visa, Al Kelly has disclosed that the digital payments company will invest $1 billion in Africa by 2027.

The most streamed Nigerian songs on Spotify in 2022

At the 2022 edition of Wrapped, Burna Boy’s track ‘It's Plenty’ was announced as the most streamed Nigerian song on Spotify.

Taeillo secures a $2.5M expansion fund from Aruwa Capital

Aruwa Capital has invested a $2.5 million expansion fund into Taeillo, an African female-led local furniture manufacturer.

All you need to know about SantaBen 2022

Benjamin Dada returns with over $100,000 worth of tech scholarships, thanks to training and infrastructural partners. Participants stand a chance to win laptops, solar inverters and skill training.

Who won the 2022 MEST Africa challenge?

MEST Africa has announced Senegalese tech startup Kwely as the winner of the 2022 edition of the MEST Africa Challenge (MAC); a pan-African tech startup pitch competition.

Chipper Cash’s valuation dropped by 37.5%—from $2B to $1.25B

Chipper Cash's valuation was slashed by 37.5%—from $2 billion to $1.25 billion before FTX's bankruptcy.

CBN sets cash withdrawal limits to boost its cashless policy

Effective January 9, 2023, the Central Bank of Nigeria (CBN) has revised withdrawal limits to ensure a cashless economy.

Why Kenya is reintroducing MOMO and bank transactions charges

Two years after the Central Bank of Kenya (CBK) waived charges for transactions between mobile money (MOMO) wallets and bank accounts due to the impact of the COVID-19 pandemic, the bank has reintroduced the charges to "facilitate a transition towards sustainable growth of the mobile money ecosystem, and ensuring affordability of payment services for Kenyans".

Inside the hell that Lagos tech bros go through to rent a house

Lagos is the headquarters of Nigeria’s tech sector, and despite the harsh regulations therein aside, this sector continues to thrive because of the abundance of opportunities and potential it offers.

Aruwa Capital wants to invest over $20M in African women-led businesses

Lagos-based female-founded early-stage growth equity fund, Aruwa Capital has raised over $20 million from global institutional LPs