Startup

Kuda, a fintech startup operating in Nigeria but based in London, is set to expand to the U.K by providing a remittance product to Nigerians living abroad.  This is a  move that Kuda describe as a major global expansion drive as it stalls its previous plans to expand to Ghana…

Nigerian genomic firm 54gene, has had a tumultuous few months. Dr. Abasi Ene-Obong, the co-founder and CEO, resigned less than two months after cutting 30% of its personnel, and Teresia Bost, the general counsel who joined the company in September of last year, took over as CEO. In October, there…

Techstars Toronto Winter Cohort has selected eight Nigerian startups for its accelerator programme. These startups come from diverse industries and hint at thriving industries for startup innovation.  Launching a startup in Nigeria comes with a myriad of challenges, but sometimes all you might need to get started is an idea…

Women have found it challenging to succeed in male-dominated industries. This is largely due to the stereotypes and unfavourable conditions they are in.  In 2020, there were just 6.5% of women in Africa that worked full-time in occupations where men predominated. The youngest Millennials, however, are segregated in the workforce…

Nigeria’s president, Muhammadu Buhari, on Wednesday signed the startup bill into law. The Startup Bill, also known as the Nigeria Startup Act 2022, is the result of a collaboration between the executive and stakeholders in Nigeria’s startup ecosystem.  According to the Minister of Communications and Digital Economy, Isa Pantami, the…

Snapt, a South African provider of application delivery controllers (ADCs) and load balancing software, has closed its doors due to what appears to be financing shortage.  Snapt, which debuted in South Africa in 2012, established a distinct sales and marketing branch there in 2015 to handle the increasing demand. It…

Ezra Olubi, the co-founder and Chief Technical Officer (CTO) of PayStack, is known as one of the pioneers of the online payment system in Nigeria. He’s a major player in Nigeria’s tech space who recently received a national award.  The 35-year-old founder also has a unique fashion sense that has…

The Nigerian startup scene has been the most popular destination for tech investments in Africa, raising a total of $2,068,709,445 in funding from the year 2015 to 2022. Within this years, about 383 Nigerian startups have been launched and have successfully raised over $2 billion dollars. Over the first couple…

It can be difficult to come up with a billion-dollar startup idea in Africa. Most entrepreneurs aim to be the next unicorn. While many have been unsuccessful, a few entrepreneurs have been. Notable names like Drew Durbin, Maijid Moujaled, Samir Goel and Mitchell Elegbe. Every investor is also on the…

Africa is one of the poorest continents in the world. However, African entrepreneurs have been tenacious and persistent to the very core in building startups that offer highly unique services.  There has been an amazing wave of innovation in the industry with startups like Chipper, OPay, Wave, Flutterwave, Fawry, and…