Nigeria inaugurates digital innovation council to drive Startup Act

In line with the Nigeria Startup Act, President Muhammadu Buhari has inaugurated the National Council for Digital Innovation and Entrepreneurship to drive the adoption of the Act.

Kenya gets $378 million EU loan to roll out electric BRT system

The European Union has approved a $378 million financing for Kenya to boost the country’s Bus Rapid Transport System which will be run by EVs.

Paystack CEO doubles down on his effort to build a football empire

Shola Akinlade, Paystack co-founder and CEO has acquired a 55% stake in Aarhus Fremad, a Danish football club. This acquisition will bolster the growth of his Nigeria-based club, Sporting Lagos.

Uber wants to roll out EVs in Africa, but it needs the government

Three years ago, Uber disclosed its plan to be a zero-emission platform by 2040, a commitment that is worth about $800 million, according to Dara Khosrowshahi, Uber's CEO.

Fez Delivery secures $1M seed to deepen its last-mile logistics offering in Nigeria

Fez Delivery, a leading logistics and delivery company, has raised a $1 million seed fund in a round led by Ventures Platform.

Credable secures $2.5M seed to expand its digital banking offering into Africa

Dubai-based fintech group, Credable has raised a $2.5 million seed round led by a pan-African VC fund, Ventures Platform Fund IV LP.

Amidst SVB exposure, OnePipe closes $4.8M debt funding, downsizes its workforce

Nigerian fintech company, OnePipe has raised a $4.8 million debt financing from TLG Capital, it has also laid off at least ten employees and the executive team has taken a pay cut, according to media reports.

Retail-led microfinance bank, FairMoney expands merchant offerings by acquiring PayForce

FairMoney, a Nigerian fintech company has acquired PayForce, a sub-brand of YC-backed CrowdForce in an undisclosed deal.

A list of the harmonised USSD codes in Nigeria

Effective May 17, 2023, all mobile operators are mandated by the Nigerian Communications Commission to migrate from diverse short codes to harmonised codes. We curated a list of the new codes.

Dream VC opens application for its 2023 venture capital fellowship programs

Dream VC, an investor accelerator platform focused on the African tech ecosystem, has today opened up applications for its 2023 venture capital fellowship programs.

Nigerian e-commerce startup Alerzo lays off 15% of its workforce

Alerzo, a Nigeria-based B2B e-commerce startup has laid off 15% of its workforce. This is coming seven months after the company downsized its team of 2000 by 5% due to performance-related issues and digitisation of some responsibilities.

Supreme Court says old Naira notes remain legal tender till Dec. 2023

Nigeria's Supreme Court has halted the demonetisation process until December 2023. According to the court ruling, the old ₦200, ₦500 and ₦1000 notes are still legal tender.