Fintech startup Flutterwave raises $250 mln at over $3 bln valuation.
Africa-focused fintech firm Flutterwave said on Wednesday it had raised $250 million in its single-biggest funding round to date, valuing the startup at more than...
Category : Entrepreneurship
YC-backed Remedial Health raises $1 million pre-seed to digitize pharmacies in Nigeria.
Remedial Health has secured $1 million in pre-seed funding to digitize pharmacies, and stem the supply of fake and substandard pharmaceutical products, starting with Nigeria before...
Fintech mobility startup Moove and CFAO Motors join forces to support mobility entrepreneurs in Nigeria and Ghana.
Moove, the African mobility fintech, has partnered with CFAO Motors and purchased over 5,000 brand-new, fuel-efficient Suzuki vehicles for its mobility entrepreneurs across Ghana and Nigeria....
Growth Africa, LBS train 50 tech startups.
In keeping with its vision to assist young creative minds become Africa’s next billion-dollar entrepreneurs, Growth Africa StartUp in partnership with Lagos Business School has...
Nigerian startups raise over $1.2 billion fundings in 2021.
Startups operating in the Nigerian economy raised a sum of $1.25 billion through seed and series fundings across 91 deals in 2021, with the tech...
Nigerian healthtech startup Reliance Health raises $40M led by General Atlantic
There’s no denying the growth of healthtech globally over the past three years thanks to the pandemic. The event has accelerated the use of telemedicine,...
Nigerian restaurant management platform Orda gets $1.1M, wants to be the Toast of Africa.
Cloud-based point of sales for small, medium and large-sized restaurants has increased tremendously in both size and popularity. The market, dominated by incumbents like Toast and upcoming players such...
Nigeria Fintech startup BFREE raises $1.7m pre-series A funding round.
Nigerian credit management fintech startup BFREE has raised a US$1.7 million pre-Series A funding round and strengthened its management team ahead of global expansion. Founded...
Nigerian ed-tech startup Stranerd announces peer-to-peer learning platform.
Stranerd, a Nigerian startup, has launched a peer-to-peer learning platform where students can ask and answer homework-related questions, with the service designed to give the...
Tony Elumelu Foundation’s $5,000 Entrepreneurship Grant Opens For Africans.
THE Tony Elumelu Foundation (TEF), the leading philanthropy empowering young African entrepreneurs across all 54 African countries, has opened applications for the 2022 TEF Entrepreneurship...
Nigerian vehicle subscription startup MAX raises $31m Series B round.
Nigeria’s Metro Africa Xpress (MAX), a vehicle subscription platform for low-to-zero emission vehicles, has raised US$31 million in the first close of a Series B...
Trove Finance’s Global Share Dealing app wins 2021 Ecobank Fintech Challenge.
The leading pan-African Banking Group, Ecobank Group (www.Ecobank.com), announces that Trove Finance, a Nigerian-based global share dealing app, is the winner of the fourth edition...
French Govt Invests In Upskill Women Agripreneurs in Nigeria with €200,000.
To ensure the production of quality agricultural produce in Nigeria, the French government has invested €200,000 to train rural women on best practices to lead...
Nigerian retail-tech startup TradeDepot raises $110m Series B funding round.
Nigerian startup TradeDepot, a B2B e-commerce and embedded finance platform, has raised US$110 million in an equity and debt Series B funding round to support...
Nigerian ed-tech startup uLesson secures $15m Series B investment.
Nigerian ed-tech startup uLesson has secured US$15 million in Series B funding it will use to add to its team and improve services for its...
Youtube Music Backs Two Nigerian Startups
YouTube Music has acknowledge its commitment to support 300 participants in the African creative voices, by providing financial grants, capacity development training and advisory organisations...
Farmforte inaugurates 5400MT cashew facility in Edo.
Farmforte Agro & Allied Solutions Limited, has unveiled a new cashew processing facility in Benin city, the Edo State capital. The facility was inaugurated by...
Nigerian insurtech startup Octamile raises $500k pre-seed as it exits stealth mode.
Nigeria’s Octamile, an insurtech company enabling insurance and non-insurance businesses to protect African consumers from financial loss, has come out of stealth mode with US$500,000...
Agricorp invests N4bn in poultry production.
Agricorp International, Nigeria’s agriculture producing, processing and export company, has invested N4bn into acquiring poultry production facilities across three states in Nigeria. A statement from...
Nigerian Fintech Startup, TeamApt Looking to Raise $150m at $1bn Valuation
TeamApt, a Nigerian fintech startup, is looking to raise about $150 million that will value the company at more than $1 billion. The founder and Chief...
Shuttlers Raises $1.6M Seed to Expand Operations.
Nigeria’s leading tech-enabled scheduled bus sharing (mass transit) company, Shuttlers, today announced a $1.6 million seed round and its plans to scale operations into other...
Elumelu Foundation grants SMEs multi-billion naira funds.
The Tony Elumelu Foundation (TEF), the leading philanthropy empowering African entrepreneurs, has received commendation from Nigeria’s president, Muhammadu Buhari, among others, for continuing to drive...
Chooya Receives $950,000 In Cash, Programme Support From Entrepreneurship World Cup, Misk Global Forum.
Chooya, an Aba-based e-commerce startup digitizing word-of-mouth marketing for African businesses and consumers Tuesday announced funding of $950,000 in cash and programme support from the...
African startups Moove, Lori partner to propel financing for African logistics.
Nigerian mobility fintech startup Moove has signed an exclusive partnership with Kenyan e-logistics company Lori Systems to deliver access to affordable vehicle financing within Africa’s...
Nigerian bicycle-based delivery service Errand360 raises pre-seed funding.
Bicycle community delivery platform Errand360, which was built to serve users with demand for quick and short errands within their communities and on-demand delivery services,...
Akwa Ibom car assembling plant for commissioning, May 2022.
The MIMSHAC-MERKAVIM Automobile Plant in Akwa Ibom State, will be ready for commissioning within the first half of next year. The automobile plant was one...
Heritage Bank, Next Titan to sustain entrepreneur support with N15m.
In a bid to ensure that entrepreneurial goals of the Nigerian youths are achieved, Heritage Bank Plc, Nigeria’s most innovative service banking provider, in collaboration...
Tech entrepreneur, Favour Ori breaks record in Rwanda.
Payday, a Pan-African Fintech startup, founded by Nigerian entrepreneur, Favour Ori has become the first Rwandan company to join the prestigious Techstars Toronto Accelerator program....
Top 26 Young Entrepreneurs in Africa Selected for New Three-Year Anzisha Prize Fellowships.
The Anzisha Prize (https://AnzishaPrize.org) has revealed their top 26 entrepreneurs for 2021. The entrepreneurs, who are between the ages of 18 and 22, will each...
Cross River Ultramodern Poultry Factory Produces 24,000 Birds per day.
Cross River ramps up chicken processing at 24000 birds per day factory as ultramodern poultry begins evacuation of birds Poultry production and protein intake in...