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.

Since 2021, Google has backed 110 African startups through the Black Founders Fund

Black-led startups globally accounted for 0.5% of the venture capital funding in 2020, according to Google. To bridge this gap, the big tech firm launched the Black Founders Fund (BFF) in 2020 across Africa, Europe, South America and North America.

EXPLAINER: Network freeze is not a network shutdown or outage

Some of the campaigns ahead of Nigeria's general elections have been fueled by misinformation. With less than 48 hours to presidential and federal legislators elections, misinformation is at its peak.

Kenyan HR payroll provider, Workpay lands $2.7 million pre-Series A

Workpay has secured a $2.7 million pre-Series A round from Launch Africa and other investors, to expand across Africa.

Supreme Court suspends Nigeria’s demonetisation process

Following a lawsuit by three Northern governors challenging the Naira redesign, Nigeria's Supreme Court has temporarily halted the enforcement of the Feb. 10 Naira swap deadline.

Flutterwave expands into North Africa

Nigerian fintech, Flutterwave has obtained payment services provider and payments facilitator licenses from the National Bank of Egypt.

Flutterwave cleared of fraud allegations in Kenya

About seven months later, Nigerian fintech, Flutterwave has been cleared of money laundering charges in Kenya.

MNT-Halan secures $400M investment, becoming Africa’s latest unicorn

The Egyptian fintech and e-commerce company secured over $400 million in equity and debt financing from local and global investors.

106 digital lenders are now licensed to operate in Nigeria

Following the introduction of the digital lending regulatory framework in August 2022, the Federal Competition and Consumer Protection Commission (FCCPC) has approved the operation of 106 digital lenders in Nigeria.

Facebook’s Africa partner, Sama quits content moderation operations

Sama, Facebook's largest content moderator has discontinued its services for the social media company.