Opinion What you need to know about stock vesting in an African startup Stock vesting is one of the ways a startup compensates its early employees. But, it may sometimes involve complex terms. which may not be understandable to a lot of employees. So, what are the key components of stock vesting in an African startup?
News These 9 African startups made it into YC's Summer 21 Batch YC has announced its Summer 21 batch of startups, of which 9 are African startups.
News Egyptian eCommerce startup, MaxAB, closes $40M Series A to fuel expansion MaxAB, the largest Egyptian B2B e-commerce platform that serves food and grocery retailers, has secured $40M in a Series A round, led by RMBV, a prominent impact investor in North Africa.
News Meet the 15 Startups that made it to 6th Google Startup Accelerator The 15-list cohort brings the total number of startups that have being a part of Google's Startup Accelerator program to 82.
News UK Nigeria TechHub announces the graduation of 10 startups from the iNOVO Accelerator Programme The top 10 startups across EdTech, AgriTech and HealthTech also received an opportunity to validate their solutions with pilots and proof of concept engagements and use their newfound insights to rapidly pivot and scale
Opinion What to make of Silicon Valley's interest in African startups Silicon valley has been showing increasing interest in the African startup ecosystem. They now provide funding, collaboration, incubation and partnerships for African startups. What are the drivers behind this and what does it mean for the ecosystem?
News Chipper Cash becomes Africa's sixth unicorn Chipper Cash has closed its Series C round of funding. The three year old startup raised $100m, propelling it to unicorn status.
Startup Why African startups may soon move to Estonia Estonia is providing a favorable regulatory environment, financing and support system for startups to thrive. African founders may soon be moving to Estonia due to these favorable conditions.
News New CBN regulations require fintechs to pay $5million into escrow account Yesterday, the CBN introduced yet another set of sweeping new regulations for Fintech license holders. The most prominent change is a new Escrow account created for Fintechs to deposit certain stipulated sums of money.
Spotlight Using USSD-technology, Stax wants to increase financial inclusivity for Africans It is estimated that 94% of transactions in Africa are performed via USSD. Stax is building on USSD to power financial transactions across Africa.
News Pula raises $6 million to scale agricultural insurance for farmers across Africa Pula, an African InsureTech service provider startup that specialises in digital and agricultural insurance to derisk millions of smallholder farmers across Africa, has closed a $6 million Series A fundraise.
News Echelon Capital to invest $1 million in early-stage startups, calls for applications. Echelon Capital is looking to invest millions of dollars in African tech and non-tech startups, beginning with a $1 million rolling fund.
News Autochek expands into Ghana by opening Accra office Autochek, the Nigerian Automotive start-up aims to increase footprint in Ghana as it enhances the buying and selling experience across Africa
Spotlight Selar: From Tony Elumelu's TEF $10,000 grant to ₦100 million in revenue At the heart of it, Selar is an e-commerce store builder that allows creators to sell digital products and services like; e-books, music, courses, and training, etc., across borders.
News Taxmingo launches to make tax filing easy for small businesses Taxmingo hopes to leverage its cloud-based tax management solution to help SMEs meet tax obligations and allow the SME operators to focus their energies on growing their businesses.
Spotlight Exclusive: How WeMove grew 7x in the middle of the Covid-19 pandemic As 2019 drew to an end, the WeMove team sat for what would be a crucial meeting. Business had been unimpressive as the company had failed to meet its target.
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 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.
Opinion Seven early-stage startup investors in Nigeria you should know These individuals are on a mission to actively support the next generation of African innovators and every entrepreneur in Africa should know them.
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 Future Africa invests $1 million in 9 African startups Venture firm Future Africa has announced its investments in 9 startups in the 3rd quarter of 2020. The fund invested $1million across these startups.
News Grant Master wins the best pitch at the Global Investment Summit 2020 Nigerian startup, Grant Master, won the award for best pitch at the recently held Global Investment Summit (GIS) that concluded the GSE digital accelerator program.
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).
