OpenseedVC Launches $10 Million Fund for African Startups
The launch of OpenseedVC offers a new funding source for African startups, which saw a 33% drop in funding in 2023, raising only about $3.2 billion.
ThriveAgric Ranks Among Top 20 Fastest-Growing Companies in Africa by Financial Times and Statista
Founded in 2017 by Uka Eje and Ayodeji Arikawe, ThriveAgric saw rapid growth, reaching $73.26 million in revenue by 2022 and maintaining a 120.1% annual growth rate, despite facing significant challenges.
Naspers, Africa’s largest company with a market value of R717 billion ($39 billion), has named Fabricio Bloisi as its new CEO.
Bloisi will officially take on the role on July 1, replacing interim CEO Ervin Tu. Currently, Bloisi is the CEO of iFood, a Brazilian food delivery company under Naspers' portfolio.
Federal Government Greenlights Startup Hub in San Francisco Alongside 90,000km Fiber Optic Cable Expansion
Minister Tijani emphasised the importance of tapping into San Francisco's vast resources, mentioning that a significant chunk of funding for Nigerian startups comes from venture capital funds in the Bay Area.
Kucoin Halts Naira P2P Trading: Global Crypto Exchange Takes Action
Kucoin announced the temporary suspension of all p2p Naira services and Fast Buy service via Naira card as part of its efforts to enhance services.
New Center in Abuja: CAC Streamlines PoS Agent Registration and Inquiries!
Registering also brings benefits like easier access to loans and obeying the law when it comes to taxes and regulations.
OmniRetail Leads Financial Times Fastest Growing African Companies!
Other big names on the list include Moniepoint, a Nigerian payment company, and Afex Commodities Exchange, a brokerage for trading goods.
Maad Raises $3.2 Million to Enhance Retail Market in Francophone Africa
Their platform lets small shops easily order products, get reliable deliveries, and access loans.
Bamboo Boosts Nigerian Portfolios with New Stock Offerings!
Bamboo started in 2019 to make investing easy for Nigerians.
Former NIBSS Chief Risk Officer Sues for Billion-Naira: Alleges Wrongful Termination and Fraud
NIBSS says they're letting the legal process happen without getting involved.