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.

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.