Every year, a lot of small and medium scale enterprises flood the market worldwide with new product solutions. This is common in developing economies like Nigeria where SMEs represent about 90 per cent of employment across the globe, the World Bank says.
According to the Nigeria SME Survey, the SMEs contribute 48 per cent to the national Gross Domestic Product, account for 96 per cent of…
Curlla Luxury Salon has disclosed plans to launch its flagship location in the Lekki area of Lagos State.
It is set to be the ultimate expression of luxury created to provide a unique and unparalleled beauty experience, with a focus on personalisation, exclusivity, and…
The closure of the United States-based Silicon Valley Bank, the bank of choice for many venture capitalists and startups, may affect Nigerian startups according to industry players.
On Wednesday, March 8, SVB surprised investors with news that it was seeking to raise $2.25bn…
Fintech for Women: HerVest increases its services to promote greater financial inclusion among all types of women.
March 3, 2023
In furtherance of its commitment to bridge the $42bn gender finance gap in Africa, HerVest, a fintech dedicated to providing financial inclusion for women through a Gender Lens Investment (GLI) approach, has launched its revamped digital app to deepen access to financial growth services for underserved and excluded African women through target savings, impact investing and credit…
LifeBank signs partnership to use AI to enhance patient outcomes in African hospitals.
March 3, 2023
In line with its objective of building an agile supply chain for Africa’s healthcare industry, LifeBank has signed an agreement with benshi.ai, a Barcelona-based Artificial Intelligence (AI) organisation to use its AI and Machine Learning (ML) platform to improve the…
Wynk Limited, a tech startup firm, has unveiled its lifestyle App, “The Wynk Lifestyle Super App” with the aim of making life easier through providing solutions to diverse economic needs.
The firm, in a statement, said the app is a cost-effective solution to everyday…
With $15 million in edtech accelerator funds, CcHub will support 72 startups in Nigeria and Kenya
February 21, 2023
CcHUB, a well-known African innovation hub, has announced plans to launch The Edtech Fellowship Program, which will provide $15 million in funding to edtech firms in Nigeria and Kenya.
The program’s goal is to develop a new ecosystem of edtech businesses that will shape the future of the education solutions industry.
According to Bosun Tinjani, Co-founder and CEO of CcHUB, “if we…
Towntalk Solutions Joins First Lagos-Based Techstars Program and Expands Offerings with Area! by Towntalk
February 21, 2023
Towntalk Solutions, a prominent data intelligence firm, is one of just 12 startups chosen for the inaugural cohort of the ARM Labs Lagos Techstars Accelerator Programme. Towntalk Solutions is part of a cohort of 10 Nigerian and 2 Kenyan firms, with 50% female CEOs, that is…
Chipper Cash, an African startup cross-border payments company, reportedly laid off 140 employees, or more than a third of its workforce.
Although 15% of those impacted are Nigerians, the layoffs affected workers from IT, engineering leadership, engineers, technical…
Flance, an employee benefits company serving Africa’s gig economy, has announced a collaboration with leading ride-hailing platform Bolt that provides Bolt drivers in Nigeria with access to discounted healthcare plans. Through this collaboration, Bolt driver-partners can take advantage of Flance’s innovative technology and access high-quality, affordable healthcare services.
Bolt drivers will…