A total of $2.25 billion was raised in funding activities by tech companies in Africa in the first four months of 2022, according to data from the Big Deal compiled by Max Cuvellier, Head of Mobile for Development, GSMA, and Maxime Bayen, Senior Venture Builder for BFA Global.
The $2.25 billion represents 2.5 times the amount the startups raised by the end of April 2021, five times the amount…
Damini Ogulu, professionally known as Burna Boy became the first Nigerian music artist to headline a sold out concert in Madison Square Garden in New York, USA raking in over N3 billion in ticket sales alone.
Tickets sold for as low as $80 with an average of $350 and as high…
Afriex, a Nigerian blockchain-based money transfer startup, announced it has raised $10 million in Series A funding to expand its blockchain money transfer app.
The round was led by Sequoia Capital China and Dragonfly Capital with participation from Goldentree, Stellar…
Stringent Bank Requirements: A Challenge to SME Growth in Nigeria- Folorunso Alakija
April 30, 2022
Nigerian philanthropist and businesswoman Apostle Folorunso Alakija has urged the Nigerian government to prevail on banks in the country to reduce their stringent requirements, in order to support and enable Small and Medium Enterprises (SMEs) thrive and contribute to the economy.
Alakija, who is one of Africa’s most influential women stated this while featuring as a guest on CNN’s One…
Techstars, a global investment business that provides access to capital, one-on-one mentorship, and customized programming for early-stage entrepreneurs, in partnership with ARM Labs, a Lagos-based innovation program focused on helping fintech startups, announces the launch…
OnePort 365, a Lagos, Nigeria-based digital freight forwarding company, raised $5M in Seed funding.
The round was led by Mobility 54 (the Venture Capital arm of Toyota Tsusho and CFAO Group), with participation from SBI Investment, Flexport, Samurai Incubate, and ODX.
The…
Event planners, entrepreneurs, and corporate organisations have faced hurdles to implement safe events. As a result of this, the Chief Experience Officer of WOW!Connect and Founder of TEPS Tobi Olanihun and a team of Nigerian software engineers worked on creating this platform that is on track to revolutionize the events industry, and boost attendee engagement and general experience.
“I am…
Register to be part of the Carnegie Venture Partners 1st investor chat series
April 26, 2022
Carnegie Venture Partners, a financial advisory and consulting firm that assists startups and founders in Africa in accessing funding and consulting for different clients in the US, Europe, Africa, and Asia, will be holding its first investor chat series, a networking and…
Rise.ng raises $150,000 pre-seed funding to revolutionalise service delivery
April 18, 2022
Nigerian startup, Rise.ng has secured a $150,000 pre-seed round as it is set to launch it business operations in the country.
The tech startup said it wants to revolutionalise service delivery as it focuses on the low-income earners; majorly artisans and vendors that do not…
BUA Foods Plc, a newly consolidated food conglomerate led by Nigerian billionaire businessman Abdul Samad Rabiu, reported a profit of N69.76 billion ($167.84 million) at the end of its 2021 fiscal year thanks to a double-digit percentage increase in revenue.
BUA Foods’ profit increased by 97.05 percent from N35.41 billion ($85.2 million) in 2020 to N69.76 billion ($167.84 million) in 2021…