STARTUP FUNDING: NIGERIA LOSES TOP SPOT TO KENYA

Nigeria lost the top position in terms of African startup funding to Kenya in 2023. Startups in the East African country attracted the largest...

NIGERIAN AI SPECIALIST LAUNCHES HEALTH-FOCUSED CHATBOT

Oludayo Ojerinde, a Nigerian artificial intelligence specialist, has launched a health-focused chatbot aimed at changing healthcare accessibility and solving healthcare issues in Nigeria. The...

TINGO’S CO-CEO STEPS DOWN AMIDST SEC FRAUD CHARGES

Odogwu 'Dozy' Mmobuosi, co-CEO of Tingo, an African-focused agritech startup listed on the US stock exchange, has temporarily stepped down following fraud charges filed...

KENYAN E-COMMERCE COMPANY, COPIA, SECURES $20 MILLION FUND, WELCOMES FORMER METASWITCH CEO TO ITS BOARD

Copia Global, an e-commerce and fintech platform in Kenya that serves middle and low-income consumers, has recently secured a substantial $20 million in a...

DIGITAL COMMERCE SAAS STARTUP, TAPPI, SECURES $1.5 MILLION IN PRE-SEED FUNDING ROUND

tappi, an end-to-end digital commerce SaaS solution tailored for small and medium-sized businesses (SMEs), has successfully raised $1.5 million. The funding was led by...

NIGERIAN SME LENDER LIDYA STOPS EUROPEAN OPERATIONS

To concentrate on expanding its new credit assessment and loan recovery solution for the Nigerian market, Lidya, the SME lending company started by one...

KENYAN FINTECH STARTUP, LIPA LATER, INJECTS $1.6 MILLION TO REVIVE SKY.GARDEN E-COMMERCE PLATFORM

Lipa Later, a prominent Kenyan fintech startup, has successfully relaunched Sky.Garden, following its acquisition a year ago. With a reported investment of $1.6 million,...

KENYA SET TO ENACT STARTUP LAW BY APRIL 2024

After a meticulous two-year formulation process, Kenya is on the verge of finalizing groundbreaking pro-startup legislation. During the Kenya Innovation Week, President Williams Ruto...

ECHOVC LAUNCHES $2.5 MILLION CLEANTECH FUND IN PARTNERSHIP WITH SHELL FOUNDATION AND UK AID

EchoVC, a leading Pan-African early-stage venture capital firm, has unveiled a $2.5 million fund to invest in cleantech startups across Africa. The newly introduced...

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