Startup News

In the dynamic world of startup funding, few headlines have the potential to make industry insiders sit up and take notice like the recent news that Kenya has outpaced Nigeria in the value of startup funding. The figures are certainly impressive, with Kenyan startups securing a whopping $520 million (Sh46.46 billion) in equity capital in […]

In a world where innovation knows no bounds, the ever-evolving realm of entertainment beckons us to experience new dimensions of creativity. With the advent of technology, the African continent is ripe for a wave of transformation in its entertainment industry. Now, Sony Group has stepped up to the plate, poised to catalyze this change with

Co-Creation Hub (CcHub) has recently unveiled the select six Nigerian student-led startups chosen for the Uni:nnovators’ Startups-in-Residence program. This initiative, tailored to inspire innovation within tertiary institutions across Africa, signifies a remarkable stride in harnessing the continent’s untapped inventive potential. In a collaborative endeavor with the Make-IT in Africa project, as executed by Deutsche Gesellschaft

Lagos, Nigeria, October 17, 2023 – Nigerian startups are making a significant impact at GITEX GLOBAL 2023, the world’s largest tech event. The West African nation is well-represented by a robust delegation from both the public and private sectors. This presence is a testament to the innovation and potential that Nigerian startups bring to the

Nairobi, October 4, 2023 – Nairobi Governor Johnson Sakaja has recently claimed to be the chief architect behind Nigeria’s groundbreaking Startup Act. Governor Sakaja, who asserts that he played a pivotal role in drafting the legislation during his tenure as a Senator in Nairobi, made these revelations during a speech at the inauguration of the

Africa’s agrifoodtech sector has been the epicenter of investment activity in recent years, with significant contributions from Kenya, Nigeria, and Egypt. In 2022, these nations collectively raised a staggering 86% of all funding for African agrifoodtech startups. This enduring dominance, despite economic challenges, underscores the pivotal role these countries play in advancing the region’s food

It’s undeniable that the tech industry has been witnessing a significant shift, with women emerging as powerful leaders, innovators, and pioneers in the startup ecosystem. This positive change challenges traditional gender norms and fosters a diverse and inclusive environment essential for the industry’s growth and development. Despite the challenges, these women are carving out their

Sendy, a Kenyan logistics startup that enabled retailers to purchase FMCGs directly from manufacturers, among other services, has shut down its operations and is exploring a sale of its assets. The company had raised over $30 million in funding from investors including Accel, General Atlantic, and TPG Growth. However, it was unable to raise additional

The digital payment ecosystem in Africa has been on an exciting and transformative journey in recent years, experiencing unprecedented growth and demand. This evolution has been significantly accelerated by the aftermath of the global pandemic, with contactless payments emerging as a key driver of change, especially among banked customers in specific markets. In this dynamic

In early 2022, Iyinoluwa Aboyeji, co-founder of Andela and Flutterwave, shared his ambitious vision with TechCrunch. He unveiled a moonshot project, Talent City, designed to be a haven for both local and global startups and service businesses aiming to scale their operations across Africa. The goal was to overcome the challenges posed by unstable policies,