News

Kunda Kids secures $700K to teach African history to kids in the diaspora

Between 2017 and 2019, only 7% of all children books published in the UK contained characters from minority ethnic groups including those of African descent. Amidst this low percentage, the University of Manchester says 33.5% of the school population in the UK are from these minority groups.

News

Tyme raises $77.8 million to fuel global expansion

This comes as the group's South African flagship, TymeBank, celebrates its seven million customer milestone this month

News

Elon Musk hires Ad expert, Linda Yaccarino as Twitter CEO

Elon Musk has hired ex-NBCUniversal advertising chief Linda Yaccarino to be the new Twitter CEO.

News

Lagos wants to use 12,000 electric buses for mass transit by 2030

The Lagos state government has partnered with Oando and EV manufacturer, Yutong to put 12,000 electric buses on Lagos roads by 2030. The first set of the buses have been delivered.

News

Raise gets Carta’s backing to build Africa’s equity management platform

Carta, an equity management platform that was last privately valued at $7.4 billion has backed Raise in an undisclosed deal. It is the US-based companies first African investment.

News

Smile Identity acquires Appruve, to expand its ID verification offering across Africa

Leading KYC compliance and ID verification platform, Smile Identity has acquired Inclusive Innovations, the parent company of Appruve, a Ghana-based ID verification provider, in an undisclosed deal.

News

SME Growth Lab partners Shecluded to empower African female entrepreneurs

To commemorate the 2023 International Women’s Day, SME Growth Lab Africa and Shecluded have entered a strategic partnership that will enable female entrepreneurs across Africa to participate in SME Growth Lab’s first women-only cohort of its Digital Accelerator Program.

News

Lazerpay shuts down after inability to raise funding

Nigeria's federal executive council has approved the national policy on blockchain. Through the policy, the country will develop regulatory framework to govern the adoption of the technology.

News

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.

News

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.

News

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.

Mobility

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.