August 15, 2022
Nigeria: Pastel, a Nigerian Bookkeeping and Digital Platform for Merchants, Raises $5.5m Led By Tlcom
There's no end to digitizing the operations of small and medium businesses (SMBs) in the traditional retail sector across sub-Saharan Africa. In Nigeria alone, this industry, worth… Read more »
August 08, 2022
Nigeria: Bluechip, an African Systems Integrator With Partners Like Microsoft and Oracle, Is Expanding to Europe
It's not often you hear about African tech companies expanding into Europe. Some examples include fintechs Lidya and Korapay in Eastern Europe and the U.K., respectively. In the… Read more »
August 04, 2022
Nigeria: Amazon Prime Video Launches Local Service in Nigeria
Amazon Prime Video today announced the launch of the localized version of its streaming service in one of Africa's biggest markets--Nigeria. Just as it did in Southeast Asia some… Read more »
June 21, 2022
Nigeria: Nigerian At-Home Lab Testing Platform Healthtracka Gets U.S.$1.5 Million, Backed By Woman VCs
According to this World Health Organization (WHO) article on treating cancer, detecting symptomatic patients as early as possible gives them the best chance for successful… Read more »
Ghana: Fintech Fido Raises U.S.$30 Million to Roll Out New Products and Expand Across Africa
After extending credit to thousands of customers over mobile phones since 2015, Ghana-based fintech Fido is now in search of additional growth avenues for its expansion across… Read more »
June 13, 2022
Nigeria: Nigeria's Internet Regulator Releases Draft to Regulate Google, Facebook, TikTok and Others
Nigeria has announced plans to regulate internet companies like Twitter, Facebook, WhatsApp, Instagram (all owned by Meta), Google and TikTok in a draft shared by the country's… Read more »
June 07, 2022
Nigeria: Startup Klasha Gets an Additional U.S.$2.1 Million for Its Cross-Border Commerce Play
Lagos and San Francisco-based Klasha has received an additional $2.1 million to complete its $4.5 million seed round. The startup, which provides multiple products for the… Read more »
June 06, 2022
Nigeria: Indicina Raises U.S.$3 Million to Help Businesses Offer Credit to Their Customers At Scale
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, only 11% of Africa's… Read more »
May 30, 2022
Central Africa: Betastore Gets U.S.$2.5 Million to Solve Challenges for Informal Retailers in West and Central Africa
About 80% of household retail in sub-Saharan Africa is delivered through informal channels, which perennially face several challenges like stockouts, leading to an instability in… Read more »
May 27, 2022
Mozambique: Elon Musk Says Starlink Has Been Approved in Nigeria and Mozambique
Elon Musk announced in a tweet on Friday that Starlink, the satellite internet service launched by SpaceX, his space exploration company, has been approved in Nigeria and… Read more »
May 16, 2022
Nigeria: Topship Raises $2.5m From Flexport and YC to Help Merchants With International Shipping
African merchants encounter many challenges when it comes to international shipping ranging from logistics and customs to hidden and excessive charges. Read more »
April 28, 2022
Nigeria: OnePort 365 Lands U.S.$5 Million to Digitize Freight Management in Africa
The global maritime industry oversees the movement and handling of over 800 million containers in various ports worldwide. Africa controls about 12% of this volume, with its… Read more »
April 26, 2022
Ghana: Agtech Farmerline to Use New Funding to Strengthen Its Infrastructure, Help Farmers Create Wealth
A McKinsey and Co. study suggests that while sub-Saharan Africa has the potential to increase (even triple) its agricultural output and overall contribution to the economy, the… Read more »
April 19, 2022
Nigeria: Nigeria's Etap Gets $1.5m Pre-Seed to Make Buying Car Insurance Easier
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 unaware) or are not… Read more »
April 13, 2022
Nigeria: Digital Bank Umba Raises U.S.$15 Million, Plans to Expand Into Three New Markets
There's no shortage of digital banks in Nigeria and, in general, in Africa. As the region continues to experience rapid growth in mobile usage and the corresponding growing young… Read more »
April 05, 2022
Nigeria: ZirooPay Raises U.S.$11.4 Million to Scale Its Mobile POS Solutions for Retailers Across Nigeria
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 the country also… Read more »