Nigerian Startups Among 11 African Startups Selected For Pitch Round Of Africa Accelerator Programme.
A total of eleven startups have been selected for the next stage of the MultiChoice Africa Accelerator, gaining the chance to pitch to prospective investors in Dubai. The MultiChoice Africa Accelerator programme, the brainchild of the MultiChoice Group and part…
African Fintechs Record 39.3% Rise In Investment, Brings In $1.3 Billion.
Fintech sector in Nigeria, South Africa, Kenya and others was the most attractive to investors in 2022, receiving almost $1.5 billion in funding during the year, making up 43.4 per cent of all startup investments into the continent. The startup…
Nigeria Gains $976 Million Of Africa’s $3.3 Billion Tech Startup Investments.
Following the news of two Nigerian start-ups winning $300,000 at LEAP tech conference pitch in Riyadh Nigeria attracted the largest technology startup investments in Africa in 2022, according to a new report. Indeed, of the $3.3 billion investment that Africa…
Venture Capital Funding For African Fintech Start-ups Drops In End Of Q3.
Fintech startups have dominated Africa’s venture capital funding ecosystem, with Nigerian startups receiving bulk of the funding, but data from CB Insights suggests that investments in the sector have dropped significantly in Q3 2022. In 2021, fintech startups raised $2…
Nestcoin, Nigeria Crypto Start-up Funds Trapped In FTX Exchange Collapse, Announces Job Cuts.
Nestcoin, Nigerian crypto, NFT and gaming startup revealed on Monday that its operational funds raised from investors were trapped in FTX, Bankman-Fried’s crypto exchange collapse, announcing job cuts to ameliorate the financial challenges facing the startup. The communication from Nestcoin…
For Tech Business Owners And Potential Owners In Nigeria, This is What The New Start-up Bill Means For You.
Technology in Nigeria is a fast-growing industry that has gained momentum in the last few years. Its prospects have led states like Nasarawa and Kaduna to prioritize the creation of technology villages in order to harness the growth potential of…
Fintech Is The Leading Driver In Nigeria Start-up Ecosystem, Research Reveals.
Fintech is the leading sub-sector of the Nigerian startup space, both in terms of levels of activity and amounts of funding secured, according to the Nigerian Startup Ecosystem Report 2022, released by startup-focused news and research company Disrupt Africa, which…
Nigeria’s President Signs Startup Bill Into Law.
President Muhammadu Buhari has signed the Nigeria Startup Bill into law, the Minister of Communications and Digital Economy, Isa Pantami disclosed this after a meeting with the President at Aso Villa today. He disclosed that the startup bill passed the…
Six African Start-ups Made Finals In Ecobank Fintech Challenge.
Six African fintech companies have been announced as finalists of this year’s Ecobank Fintech Challenge, and will now compete for a top prize of US$50,000 and admission to the Ecobank Fintech Challenge Fellowship program Ecobank is a leading independent pan-African…
African Start-ups Funding For Half Of 2022 Doubles To $4 Billion.
Funding for African startups is on track to hit a record this year despite a slowdown globally, according to a new report. Venture capital deals on the continent reached $3.5 billion in the six months through June, more than double…