Nigerian B2B E-commerce Platform Sabi Hits $1 billion in Gross Merchandise Value (GMV)
Gross Merchandise Value (GMV) is a financial metric that represents the total value of goods or services sold through a particular platform over a specific time period.
Bolt Experiences Setback in Kenya as Its Bid for License Renewal Gets Rejected.
The Kenyan National Transport and Safety Authority (NTSA) has said no to renewing Bolt's license. NTSA's decision is because they think Bolt broke the rules, like charging extra fees.
YC-Backed Fintech Startup Payhippo Has Appointed Dami Olawoye as its New CEO
Dami Olawoye who was formerly the startup's finance chief has been deemed fit for CEO duties, now that the outgoing CEO and co-founder, Zach Bijesse will be joining the startup's board of directors.
Nigerian Cryptocurrency Startup, KoinWa Launches Blockchain and AI Education Platform.
The Nigerian cryptocurrency company, KoinWa has introduced a new web3 education platform called EduBlok.
Tanzanian Startup, Bizzyn Has Started Operations in Kenya and Malawi
Some of Bizzyn's business solutions include an intuitive user interface, customizable invoicing and expense tracking, bank reconciliation, tax preparation, financial reporting, and warehouse management.
US Based Company, WriteSea, Acquires Nigerian AI Startup CoverAI
CoverAI was created by Chris Adolphus, who used to be a lead designer at Chaka. CoverAI is built to help people find their dream jobs by making their CVs better, writing great cover letters, and teaching them how to ace interviews.
Cameroon-Based Fintech, Koree, Triumphs in Ecobank Fintech Challenge
Cameroonian fintech company Koree has emerged as the winner of the Ecobank Fintech Challenge, beating out nearly 1,500 other fintechs.
Google ‘AI First’ Accelerator Has Chosen Garri Logistics and 10 African Other Startups for Its First Cohort
These startups cover a wide range of innovative solutions, from digital healthcare access to AI-driven online storefronts and customer support tools tailored for African SMBs.
Senegalese FMCG Intelligence Startup Lengo AI Raises Seven-Figure Pre-Seed Funds
Lengo AI is the first data-driven operating system for informal retail in Africa. It provides intelligence and highly actionable insights to FMCG brands by collecting data from thousands of corner shops.
Ghanaian Fintech Dash Shuts Down Despite Raising $86.1 million in Five Years
Before Dash fell, the company's founder, Prince Boakye Boampong was suspended as CEO after internal audits showed that Boampong lied and inflated the number of users.