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One year later, QuickBus has ₦8 million weekly GMV in Nigeria

In Q1 2022, domestic flight movements witnessed a 215% decline, according to the Nigerian Civil Aviation Authority (NCAA). Road transportation remains the most used transport option for travellers within Nigeria, especially with the increase in airfares. About 80–90% of the country’s population travel via road trips. Most of the travel companies facilitating these trips work […]

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Orda secures $3.4 million seed to digitise African restaurants

African restaurant cloud operating system provider, Orda has secured a $3.4 million seed round which was co-led by Quona Capital and FinTech Collective.

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November tech and startup events: London is the new Lagos

There were 10 key events evenly split across Lagos and London. While the ones in Lagos were more talent focused, those in London were business and investment focused. It's interesting to have these many events with a huge Lagos/Nigerian delegate representation.

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South African API fintech startup, Revio secures $1.1 million seed funding

Revio, has raised $1.1 million seed funding from leading investors to solve the payment failure problem in emerging markets.

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Djamo wants to expand its fintech super app across Francophone Africa

Ivorian fintech startup, Djamo has secured $14 million in an equity round to continue building a full suite of financial services and expand to new markets in the region.

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Nigerian fintech startups, Kora and Kandon cleared of money laundering allegations in Kenya

Following investigations by Kenyan authorities, Nigerian fintech startups, Kora and Kandon have been cleared of money laundering allegations.

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Pivo Africa secures $2M seed to expand into East Africa

Globally, small and medium enterprises (SMEs) account for 90% of businesses and 50% of employment, according to the World Bank. As of 2020, Nigeria's Small and Medium Enterprises Development Agency (SMEDAN) estimated that there are approximately 39.6 million MSMEs in Nigeria.

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Stitch expands into additional payment methods with Direct Deposit

Businesses in South Africa can now accept Instant EFT and manual EFT payments, and reconcile transactions in one place, through the Stitch API

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Ukheshe and Coinvest partner to provide financial aid for students in South Africa

Ukheshe, a South African financial service enabler, and Coinvest have joined forces to assist students in South Africa with funds to obtain quality education.

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South African home cleaning company, SweepSouth pauses operations in Nigeria and Kenya

South African home cleaning company, SweepSouth has indefinitely paused its operations in Nigeria and Kenya.

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LoftyInc Capital closes third fund at $14.3 million

Pan-African VC firm, LoftyInc Capital Management has closed its LoftyInc Afropreneur Fund 3 (LAF3) at $14.3 million.

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Twitter’s Africa HQ employees ask Elon Musk to obey Ghana’s labour laws

Former employees of Twitter in Africa have accused Elon Musk of flouting Ghana's labour laws following the mass layoff at the Accra-based office.

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