Nigerian fintech, Risevest acquires Chaka

Techstars-backed fintech, Risevest has acquired Chaka, a digital trading platform. “I’m excited about how Chaka’s product will evolve and how we’re going to learn from the Risevest team,” Tosin Osinbodu, Chaka’s founder told TechCabal while confirming the deal that was closed on Tuesday (September 26).

Pan-African VC, P1 Ventures launches $50M fund to back early-stage startups

Pan-African Seed VC fund, P1 Ventures has completed the first close of its $50m fund to invest in African startups with transformational software businesses.

Microsoft-backed FAST accelerator selects 12 African startups for AI program

Out of the 12 startups in the FA23 cohort, nine are Nigerian, and one each from Kenya, Tanzania, and Ghana. Also, fintech startups dominated the cohort.

X/Twitter is disabling its Circles feature

X/Twitter has today announced that it will be disabling its Circles feature. The feature is set to be shut down by the end of next month, leaving users with a major change in how they share content on the platform.

UK government increases global talent visa application fees

The UK government is set to significantly increase work and student visa application fees for foreign applicants, including Nigerians. The changes are set to come into effect on October 4, 2023, following legislation being laid in Parliament.

Nigerian autotech startup, Fixit45 secures $1.9M for East African expansion

In a significant boost for Africa's automotive aftermarket sector, Fixit45, a Nigerian startup specialising in automotive spare parts, vehicle repairs, and maintenance services, has successfully raised $1.9 million in a pre-seed funding round. 

Nigeria drops two places on the Digital Quality of Life Index

The Digital Quality of Life Index is an annual study that ranks 121 countries by their digital well-being based on five core pillars—internet quality, internet affordability, e-security, e-infrastructure, and e-government.

Roam introduces Kenya’s first locally manufactured electric bus

Roam (formerly Opibus) has launched Kenya's first locally manufactured electric bus, to power a truly sustainable mobility ecosystem that electrifies the region’s public transport network.

Mecho Autotech lands $2.4M pre-Series A

Nigeria's automotive after-sales spare parts and maintenance market is estimated to be $8 billion; spare parts account for 80% of the value with Nigerian vehicle owners spending an estimated $650 annually.

Tech Nation to resume operations this October

Six months after it ceased operations, Tech Nation, the UK startup organisation that helps to bring thousands of talented tech workers to the UK—including from Africa, will relaunch next month during Birmingham Tech Week.

Meta expands WhatsApp Channels to over 150 countries

Meta has launched WhatsApp Channels to over 150 countries and delivered a private way to receive updates that matter to you, Mark Zuckerberg, founder and CEO, disclosed on Wednesday.

Founders Connect takes its signature live event to London, United Kingdom

Founders Connect, the renowned YouTube platform celebrating the African tech ecosystem in collaboration with Wakanow, is thrilled to announce its inaugural live event in the United Kingdom, scheduled for October 14, 2023.