News Risevest's Head of Marketing exits startup, amidst COVID-19 and WFH concerns Risevest's Head of Marketing, Efe Uduigwomen, has resigned. And a snafu ensued, compelling Rise CEO Eke Eleanya to write a rejoinder.
Spotlight The protracted history of internet shutdowns in Africa Internet shutdowns have become a motif in Africa. African leaders restrict internet access for the flimsiest motives. It could be to prevent exam malpractice, disperse protests, or mitigate against misinformation.
News Innovate or Die: Lagos taxi drivers want a level playing field with Uber and Bolt Lagos State Taxi Drivers and Cab Operators Association is trying to adapt tech to stand a chance against the liked of Uber and Bolt.
News OnePipe closes $950,000 pre-seed round from Sherpa, Techstars, others OnePipe has raised $950,000 pre-seed funding from a roster of institutional and angel investors, including Techstars, Sherpa Africa, and Idris Bello.
News DMVE to showcase Martech and Adtech tools for businesses in Nigeria The ADMARP would be hosting its first Digital Marketing Virtual Exhibition on December 12. Themed: Technology for Customer Understanding, Engagement and Action in 2021, it would showcase marketing and advertising tech tools and platforms for businesses in Nigeria.
News Sherpa launch $1M Basecamp Fund to support pre-seed African startups Aaron Fu, ex-iROKO CCO Nikhil Patel and ex-Uber launcher in Niger and Kenya Alastair Curtis have launched a $1 million Basecamp Fund to support pre-seed African startups.
News Apply for the AfCFTA Vision Challenge to receive funding from DFIs and banks African entrepreneurs can apply for the African Continental Free Trade Agreement (AfCFTA) Vision Challenge and stand a chance to receive investment from top development finance institutions (DFIs) and banks.
News AppsFlyer receives funding from Salesforce to develop new products and hire more staff across EMEA AppsFlyer receives $15 million from Salesforce Ventures to hire more staff and develop new products.
News Is SafeBoda exit from Kenya a telltale sign for bike-hailing startups in Africa? SafeBoda has paused operations in Nairobi, Kenya, effective from November 27, 2020. But is COVID-19 solely responsible for Safeboda pausing operations in Kenya as the company claims? What does SafeBoda's operational moratorium mean for bike-hailing startups in Africa?
News Foodlocker, Baby Grubz & Releaf receive $70,000 from AfDB's AgriPitch competition Foodlocker, Releaf, and Baby Grubz have emerged winners and runner-up, respectively, from the African Development Bank's (AfDB) AgriPitch competition, receiving a total of $70,000.
News Farmcrowdy unveils six business units, including Farmcrowdy Foods and Trader Farmcrowdy has launched six sub-divisions, including agro-trading and e-commerce platforms, insurance, marketing, tech and data, and structured finance.
News Afriktrip launches online marketplace for African tours with book now, pay later feature Afriktrip has launched an online marketplace to connect travellers with tour guides and operators across Africa. It also has an array of activities to do to explore Africa. And a book now, pay later feature.
News TalentQL raises $300,000 in a pre-seed round led by Zedcrest Capital TalentQL has raised $300,000 (₦114.3 million) in a pre-seed round led by Zedcrest Capital. TalentQL is a talent outsourcing and incubator company. But how is it different?
Spotlight WiiCreate is shaping the onboarding culture for African startups WiiCreate has launched Merch Box, a branded merchandise solution that would help to improve the onboarding culture of African startups.
News Kuda Bank raises $10M in seed funding. Kuda Bank has raised $10 million in a seed round, which is possibly the largest seed funding any African startup has received. And it plans to raise a bigger Series A.
News Kwaba, a rental financing startup raises pre-seed round from Ingressive Capital and ARM Kwaba, a rental financing startup, has raised an undisclosed amount in a pre-seed round from Ingressive Capital and ARM. The pre-seed investment is estimated to be north of $200,000.
News AfDB shortlists 25 startups as finalists of its AgriPitch competition African Development Bank (AfDB) has shortlisted 25 startups for the next round of the AgriPitch competition. Six of the finalists are Nigerian startups.
Spotlight InvestSika is making investing accessible to all Africans, starting with Ghanaians InvestSika is on a mission to make investing accessible to all Africans. With a mobile money account and smartphone, you can start trading and investing in the stock market with as little as GH₵60 ($10 or ₦3,820).
News Jumia to provide logistics service to third-party businesses across Africa Jumia Group, the leading e-commerce company in Africa that operates an online marketplace, logistics and payment services, is opening its logistics to third parties.
News SeamlessHR raises seed round from Lateral, Consonance, Ingressive, and Enza Capital SeamlessHR, a Nigerian startup providing all-in-one human resource management service, has closed a seed round from four local and foreign investors for expansion across Africa.
News CcHUB acquires Kenyan edtech company eLimu, hires Abiola Olaniran as CTO CcHUB has acquired eLimu, a leading Kenyan edtech company and digital educational content provider. And hired CEO of Gamesole Abiola Olaniran as eLimu's new CTO.
News Flutterwave partners LSETF, donates ₦5 million to MSME Recovery Fund Flutterwave has donated ₦5 million to help businesses affected by the recent unrest in Lagos. And it has partnered with LSETF and Endeavor Entrepreneurs to crowdfund more money.
News Ant Group is raising $34.5 billion in the world's biggest IPO at $315 billion valuation Ant Group is raising $34.5 billion through an IPO in Shanghai and Hong Kong at $313 billion valuations, making it the world's biggest IPO. Jack Ma to become the 11th richest person in the world
News Ayoba partners AppsFlyer to become Africa's largest instant messaging app Ayoba, the instant messaging app launched by MTN Group in April 2019, has partnered with AppsFlyer to become the largest digital platform in Africa.
News All you need to know about Paystack, the biggest Nigerian startup acquisition Here is all you need to know about Paystack, the biggest Nigerian startup acquisition and Stripe's biggest acquisition yet. The deal is reportedly worth over $200 million (₦76.6 billion).
