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.

Exclusive: Patricia to repay users in Naira instead of Patricia Tokens

In October, Nigerian SEC-licensed trust company, DLM Trust announced that it temporarily paused its appointment as an escrow trustee with Patricia to oversee the repayment of $2 million in customers’ assets lost in a hack last year.

Shekel Mobility secures $7M to drive vehicle financing in Africa

Shekel Mobility, a B2B trading platform catering to car dealers in Africa, secured a $7 million seed in a round led by Ventures Platform and MaC VC.

Flutterwave overcomes legal hurdles in Kenya

Flutterwave, Africa's most valuable startup, has successfully navigated its last legal obstacle in Kenya. On Thursday (Nov. 9, 2023), a Kenyan high court approved the withdrawal of a money laundering case initiated by the country's Asset Recovery Agency (ARA), responsible for investigating and recovering proceeds of crime.

Paystack partners NIBSS to launch Direct Debit in Nigeria

Nigerian fintech company, Paystack is launching a Direct Debit product in partnership with the Nigeria Inter-Bank Settlement System.

Fez Delivery launches electric bikes to deepen eco-friendly last-mile delivery in Nigeria

Fez Delivery has launched electric bikes to provide a cleaner, more economical, and efficient solution for goods transportation in Nigeria.

African governments turn to low-cost smartphone production to drive access

Kenya, Zambia, and other African nations are establishing smartphone manufacturing facilities to improve affordability.