El-Rufai to launch $100M fund for startups in Northern Nigeria

Nasir El-Rufai, former governor of Kaduna state has revealed that he plans to launch a $100 million venture fund to invest in the innovative ideas of young Nigerians, starting with the tech ecosystem in Northern Nigeria.

We tracked over 26 African tech acquisitions in 2023

As of November, we tracked about 26 acquisitions in the African tech ecosystem, with the fintech sector representing the highest number of deals in 2023.

Nigeria to automate passport application, plans to launch e-gates at airports in 2024

Nigeria’s minister of interior, Olubunmi Tunji-Ojo has disclosed that the automated passport application in the country will become operational in a week’s time.

Paystack CEO’s football club wants to train its players at uLesson’s Miva University

Sporting Lagos wants its footballers to acquire degrees at Miva University even as they pursue their football careers at Nigeria’s top-tier league.

Nigerian politician arrested in relation to ₦607 million cyber hack at Patricia

We curated list of top most active Nigerian and African tech investors in 2023

Why founders should ignore the noise and focus on the fundamentals

Efayomi Carr has had the most multifaceted career one could ever ask for, transitioning from his role as an associate at Boston Consulting Group to becoming the chief financial officer at Lori, and now serving as a Principal at Flourish. 

Fez expands last mile delivery services with new UK logistics hub

Nigerian last-mile delivery startup, Fez Delivery has launched its UK-Nigeria Shipping service, marking a significant milestone in the company's expansion.

Exclusive: Aduna Capital to launch a $20 million fund for Northern Nigerian startups

While Nigeria stands out as a prominent tech investment hub in Africa, the majority of investments are directed towards startups located in Lagos and other states in the southwestern region.

Nigerian digital publisher, OkadaBooks shuts down

OkadaBooks, a leading Nigerian digital publisher is shutting down its operations due to macro-economic challenges.

PricePally raises $1.3M seed to expand its online grocery store in Nigeria

In October, the National Bureau of Statistics reported that Nigeria experienced a 31.52% food inflation rate, marking a 7.80% surge from the corresponding period in the previous year.

Paystack downsizes workforce outside Africa to localise cost

Nigerian fintech startup, Paystack is downsizing its team outside Africa, starting with the layoff of 33 employees in Europe and the UAE, where it has an engineering hub.

Pineapple secures record-breaking funding in South Africa’s insurtech sector

South African insurtech startup, Pineapple has raised $21.3 million Series B in a round led by Futuregrowth, Talent10 and MIC, with participation from Old Mutual ESD, Lireas Holdings, ASISA ESD Fund and E4E Africa.