Category : Entrepreneurship

Rwanda’s Toto Safi and Nigeria’s Well of Science Among Finalists In £1.1m Afri-Plastics Challenge.

NigGalJuly 1, 2022July 1, 2022

Ten (10) finalists of the second Afri-Plastic Challenge strand – ‘Creating Solutions’ – have been named. Reusable shopping bags and sterilised cloth diapers are among...

Entrepreneurship

PiggyVest Founders Join Endeavor’s Network Of Entrepreneurs.

NigGalJune 29, 2022June 29, 2022

Nigeria’s fast-growing savings and investment platform, PiggyVest has been selected to join Endeavor, leading global high-impact entrepreneur network. Endeavor announced recently that Somto Ifezue, Odunayo...

Entrepreneurship

Lab testing startup HealthTracka raises $1.5m funding for expansion to Kenya and Ghana.

NigGalJune 27, 2022June 27, 2022

Nigerian at-home lab testing startup HealthTracka has raised US$1.5 million in funding to expand its operations into Kenya and Ghana. The pre-seed funding which was led...

Entrepreneurship

Nigerian start-up wins $10,000 at Commonwealth Youth Forum in Kigali.

NigGalJune 22, 2022June 22, 2022

A Nigerian start-up, Salubata Technologies, has been awarded a cash prize of $10,000 (about N4.2 million) after winning the Green Innovation Guru Award category of the...

Entrepreneurship

Applications open for $120k ARM Labs Lagos Techstars accelerator programme

NigGalJune 17, 2022June 17, 2022

Applications have opened for the ARM Labs Lagos Techstars accelerator, which will reward selected fintech and prop-tech startups with access to US$120,000 in equity funding...

Entrepreneurship

Venture capital firm HAVAÍC invests $400,000 in Nigeria’s ShopEx.

NigGalJune 8, 2022June 8, 2022

ShopEx mobilises a combination of traditional and digital channels to market, sell, and distribute some of the world’s top brands in Nigeria and other African...

Entrepreneurship

Nigeria’s Indicina raises $3M to help businesses offer credit to their customers at scale

NigGalJune 6, 2022June 6, 2022

For years, Africa’s credit infrastructure has lagged behind the rest of the world due to low credit coverage from its bureaus. Per a World Bank report,...

Entrepreneurship

Nigerian logistics startup Topship secures $2.5m seed round.

NigGalMay 23, 2022May 22, 2022

Nigerian logistics startup Topship has raised a US$2.5 million funding round as it continues to build the “Flexport for Africa”. Launched in June 2020, Topship allows African...

Entrepreneurship

Applications open for 2nd cohort of Google for Startups Black Founders Fund for Africa.

NigGalMay 23, 2022May 22, 2022

Applications have opened for the second cohort of the Google for Startup Black Founders Fund for Africa, with 60 eligible black-founded startups set to be...

Entrepreneurship

Fintech firm, Bankingly, closes $11m investment drive.

NigGalMay 19, 2022May 19, 2022

Fintech firm, Bankingly, has successfully rounded off its $11 million investment drive for sustainable growth. The round, led by Dalus Capital, was accompanied by IDB Lab,...

Entrepreneurship

Google reopens $4m fund for startups in Nigeria, others.

NigGalMay 19, 2022May 19, 2022

Google has announced that applications for the second cohort of its Startup Black Founders Fund for Africa are now open. According to the firm, it...

Entrepreneurship

Trade Tech Firm Norebase Raises $1M in Pre-Seed Round.

NigGalMay 5, 2022May 5, 2022

Norebase, a Nigeria-based trade technology firm announced on Wednesday that it has secured $1M pre-seed funding round. The funding round was co-led by Samurai Incubate...

Entrepreneurship

Hello Tractor, Heifer International Unveil Pay-As-You-Go Tractor Financing for Agripreneurs in Nigeria.

NigGalMay 5, 2022May 5, 2022

The program, “Pay-As-You-Go Tractor Financing for Increased Agricultural Productivity in Nigeria,” already has enabled tractor purchases in the states of Nasarrawa, Abuja and Enugu. Seeking...

Entrepreneurship

Unicorn Group launches pan-African incubation programme

NigGalApril 29, 2022April 29, 2022

Investment firm Unicorn Group has launched its fourth incubation programme for entrepreneurs, which for the first time is open to startups from a host of...

Entrepreneurship

Techstars Launches ARM Labs Techstars Accelerator in Lagos.

NigGalApril 26, 2022April 26, 2022

12 startups will be selected to receive funding, hands-on mentorship, and access to the Techstars worldwide network on an annual basis. Up to 12 startups...

Entrepreneurship

Insurance startup Etap gets $1.5m pre-seed

NigGalApril 20, 2022April 20, 2022

Only 21% of the 12 million registered vehicles on Nigerian roads have genuine motor insurance, as the rest either have fake certificates (owners are mostly...

Entrepreneurship

Rise.ng raises $150,000 pre-seed funding to revolutionalise service delivery in Nigeria

NigGalApril 15, 2022April 15, 2022

Rísé.ng wants to expand on a pan-African network of markets in the nearest future. Nigerian startup, Rise.ng has secured a $150,000 pre-seed round as it...

Entrepreneurship

Temitope Ogunsemo, Olugbenga Agboola and others make the Forbes’ Africa Undiscovered Series List.

NigGalApril 8, 2022April 8, 2022

Nigerian entrepreneur and the founder of Krystal Digital Solutions Limited, Temitope Ogunsemo has been listed in the Forbes Africa Undiscovered Series for Nigeria as part...

Entrepreneurship

Nigeria’s CredPal raises $15m funding to scale “buy now, pay later” across Africa.

NigGalApril 6, 2022April 6, 2022

Nigerian “buy now, pay later” (BNPL) startup CredPal has raised US$15 million in funding to expand its consumer credit offerings in Nigeria and scale across...

Entrepreneurship

ZirooPay raises $11.4M to scale its mobile POS solutions for retailers across Nigeria

NigGalApril 5, 2022April 5, 2022

The number of POS terminals in Nigeria grew from 150,000 in 2017 to 543,000 in April 2021, according to Statista. During that period, the volume of POS payments in...

Entrepreneurship

Nigeria’s CredPal secures $15M in debt and equity to scale its BNPL product across Africa

NigGalMarch 29, 2022March 29, 2022

The adoption of buy now, pay later (BNPL) in Nigeria as a payment option both online and at the point of sale is expected to record a...

Entrepreneurship

10 fintech startups selected for CATAPULT: Inclusion Africa in Dubai

NigGalMarch 28, 2022March 27, 2022

The LHoFT Foundation has selected 10 African fintech startups to take part in CATAPULT: Inclusion Africa: Special Edition in Dubai, which looks to support companies...

Entrepreneurship

Canza raises $3.27m, to offer crypto financial services in Nigeria.

NigGalMarch 28, 2022March 27, 2022

Canza Finance, a Nigerian cryptocurrency startup, announced that it completed a $3.27 million seed round financing to offer crypto financial services across the country. Canza,...

Entrepreneurship Training & Workshops

Tony Elumelu Foundation, Google announce fellowship programme to support African entrepreneurs.

NigGalMarch 24, 2022March 24, 2022

The Tony Elumelu Foundation (TEF) and Google have announced an inaugural Google.org Fellowship to provide one million additional Africans with access to the TEFConnect platform,...

Entrepreneurship

ThriveAgric secures $56.4m debt funding to expand operations to Ghana, Kenya

NigGalMarch 23, 2022March 23, 2022

ThriveAgric, a Nigerian agric tech, says it has secured $56.4 million in debt funding from local commercial banks and institutional investors to help its expansion plans....

Entrepreneurship

Firm Launches First Wholly Made In Nigeria Tomato Mix.

NigGalMarch 21, 2022March 21, 2022

Tomato Jos Farming and Processing Limited, has launched its much-anticipated Tomato Jos paste variant into the Nigerian market. The new tomato paste variant, packaged in...

Entrepreneurship

Nigerian mobility fintech startup Moove raises $105m Series A2 round to scale globally.

NigGalMarch 15, 2022March 15, 2022

Nigeria-based mobility fintech startup Moove has raised US$105 million in an oversubscribed Series A2 round to scale to seven new markets across Asia, MENA, and...

Entrepreneurship

YEP! Raises $1.5m In Pre-Seed Funding In Nigeria, Other African Countries

NigGalMarch 11, 2022March 11, 2022

YEP!, a financial super-app, has raised $1.5million in a pre-seed funding round led by Greenhouse Capital as the company launches its revolutionary new digital financial...

Entrepreneurship

Nigeria’s Sudo Africa raises $3.7M pre-seed for its card-issuing API platform.

NigGalMarch 3, 2022March 7, 2022

Sudo Africa, a fintech that provides a card-issuing API for developers and businesses in Nigeria, has raised $3.7 million in pre-seed funding. San Francisco-based Global Founders...

Entrepreneurship

Nigeria’s Fintech Firm Tingo Seeks to Raise $500 Million to Serve More African Farmers

NigGalFebruary 22, 2022February 22, 2022

Tingo wants to raise money to focus on farmers’ needs in Africa. The fintech aims to address gaps in financing for those farmers. Tingo, a fintech firm...

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