Are you the owner of a small business in Nigeria that is looking to expand and could use some financial assistance? At the SME Clinic 2021, five different SMEs will each walk away with 100,000 yen. Apply right away.
@OtunbaSho, an early investor in @paystack, has now launched his own venture capital firm, Voltron Capital, eight months after the company successfully exited the market. The portfolio of the company will concentrate particularly on companies located in Nigeria, Kenya, South Africa, and other African nations.
@AbakeAdenle, a Nigerian-American software developer who is currently working on a voice recognition API for five different African languages, was recently given an award by @WomenInVoice. Adenle intends to make additional efforts toward the digitization of African languages.
Even though providing outstanding customer service is essential to a company's success, many Nigerian businesses either don't recognize the importance of the practice or only do the bare minimum required. The following are five suggestions to improve the quality of customer service provided by your small business.
Following the completion of a seed round that brought in $400,000 in 2017, the South African insurtech startup @Pineapple SA was able to secure $4.3 million in Series A funding for the purpose of entering the auto insurance market.
The launch of @cenbank's digital currency pilot, which will take place on October 1, 2021 and be powered by a private Blockchain network, will give the company complete authority over the digital currency. Despite the fact that this ensures security, what are the plans for addressing concerns regarding transparency?
GameUp Bootcamp is a training program for game developers that is being hosted in Kenya, Nigeria, and Ghana by one of the oldest mobile game developer studios in Nigeria, @maliyoapp. This program is being hosted in partnership with Google. The application period will end on August 2; the following is important information to keep in mind.
A short while ago, the Central Bank of Nigeria published brand-new rules governing the operation of mobile money services. As was to be expected, fintechs are subject to newly imposed restrictions. In this article, we make an attempt to make sense out of this strategy for financial inclusion.
The lack of available raw materials forces many food factories in Nigeria to operate at less than their full capacity. An agritech startup called @ReleafAfrica has the dual goals of supplying high-quality raw materials and assisting farmers in increasing their income.
Small business owners require knowledge of how to manage their money more than they do financing for their companies. This article outlines six different technological options for handling financial matters.
Following the receipt of Nigeria's Securities and Exchange Commission's first digital stock trading license, financial technology startup @ChakaStocks has successfully completed a pre-seed funding round to the tune of $1.5 million in order to fuel its expansion throughout West Africa.
Technology makes it easier to communicate in ways that do not require physical contact, but it can sometimes miss non-verbal cues. Today is #WorldEmojiDay, and to celebrate, we'll be looking at how emojis can be used to express different feelings. Do emojis have an advantage over actual conversations? Figure it out.
Snapchat pioneered the function of disappearing posts in 2013, and since then, other other social media sites have implemented the feature. However, Twitter has decided to remove the service because there was so little demand for it. Are there additional platforms that are experiencing the same issues? Let's dive in.
Services known as point of sale (PoS) are becoming increasingly common in Nigeria as the country works to expand its financial inclusion efforts. @nifemeah investigates the processes involved in operating a Point-of-Sale (PoS) business in Nigeria and discusses the strategies that agents employ to successfully navigate the market and generate revenue.
The 15th of July is World Youth Skills Day. We take a look at the ways in which technology is assisting African youths in gaining skills and the challenges they face in light of the fact that Africa's working population is expected to reach 450 million by the year 2035.
Since its inception in 2017, the early-stage venture capital firm @microtraction has provided financial support to a number of Africa's most cutting-edge businesses, such as @weare54gene. @NateKorl, a partner at @microtraction, discusses the process that the company uses to determine where to make investments.
The Kenyan influencer marketing startup @AIfluence has successfully raised one million dollars in seed funding, which will allow the company to build its SaaS platform and expand into new markets. Along with three other venture capital firms, @AntlerGlobal and @OuiCapital participated in this round.
Before @LolaBamgbelu came up with the concept for @SpazioIdeale in 2015, she had only designed residential spaces. The interior design startup currently has a team of 14, and they have designed over 50 different living spaces and workspaces for various people and other startups.
As part of its efforts to further develop its existing partnerships, @theflutterwave has established a new position of leadership by designating @kolefalade to the position of Chief Regulatory and Government Relations Officer. Will additional fintechs follow suit with this move?
M-KOPA, an asset-financing company based in Kenya, recently expanded its operations into Nigeria and appointed Babajide Duroshola, a former country head for Safeboda, to the position of general manager. What kind of a chance does the company have in the highly competitive market that is Nigeria?
Customers are essential to the success of any company, and running an online business in the absence of said customers is analogous to maintaining a social media profile devoid of followers. In this piece, we will demonstrate how to attract customers who are a good fit for your online business and show you how to do so effectively.
Two months after closing a seed round for $2.6 million, the health tech startup @crib md acquires the pharmaceutical chain Charisland Pharmaceuticals Group in order to shorten the amount of time it takes for its subscribers to receive their medication.
The failure of mobile app and USSD transactions in Nigeria caused by GT Bank are discussed in this article in detail.
The Nigerian tax authority is investigating whether or not the entertainment giant Multichoice committed tax fraud totaling 1.8 trillion naira. This makes Multichoice the second South African company to come under scrutiny from the government of Nigeria.
The identity verification startup @SmileIdentity has raised $7 million in funding, following a seed round of $4 million in 2019. This new funding will allow the company to improve its services, expand into additional markets, and hire additional staff.
In this interview with TechCabal, Peter Njonjo, CEO and co-founder of the Kenyan firm Twiga Foods, discusses the road that led him to build the company.
According to statistics from @MaxBayen, African startups raised more than $1 billion in the first half of 2021, surpassing the $1 billion barrier faster than any other year on record and on track to match year-end projections of $2.8 billion.
Kenya's MarketForce has raised $2 million in pre-Series A funding to scale its B2B retail marketplace, expand, and develop its products. This comes after the company raised $350,000 in its seed round and received a cheque for $150,000 from Y Combinator.
The following is an in-depth guide that will walk you through the steps required to update a PVC online in Nigeria.
IFC has provided a financial investment of twenty million dollars to the Nigerian renewable energy provider @Daystar Power, as was disclosed in April of 2021. This fund will be used to carry out additional projects in West Africa involving renewable sources of energy.
Since its inception, the Nigerian online lending platform @lidyadotco has raised a total of $16.45 million in fundraising. This includes a seed funding of $1.5 million in 2017, followed by a Series A funding of $6.9 million in 2018.
Earlier in 2019, the online ticketing platform @tixdotafrica raised an undisclosed amount of funding from the Lagos-based venture capital firm @microtraction. Now, the company is raising a six-figure pre-seed round in an effort to expand its services throughout Africa.
The founders-backing-founders venture capital firm @magicfundvc has successfully raised $30 million to support early-stage startup companies. In 2017, the firm raised $1.5 million for its Fund I. In addition to distributing checks, the program's primary objective is to offer advisory services to the participating businesses.
Following the completion of its seed round in September 2019, Egyptian MaxAB has successfully completed a Series A round raising $40 million in order to broaden its scope of operations, increase the size of its team, and incorporate supply chain and finance solutions into newly established business verticals.
If only a small percentage of the people who follow you on Instagram have ever purchased something from your company, here are some ways to start turning those followers into actual paying customers.
@Facebook and @LiquidInTech have formed a partnership with the goal of constructing a long-haul metro fiber network in the Democratic Republic of the Congo. While this may result in an increase in Internet usage and connectivity, the question remains as to whether or not mobile network providers possess the necessary infrastructure to take advantage of the fiber network.
The investigation committee that was appointed by the House of Representatives of Nigeria to look into the #TwitterBan has finally presented its findings and recommendations, albeit two weeks later than expected. According to a number of publications, the House of Representatives failed to lift the ban. On the other hand, this might not be the case.
The Nigerian small and medium enterprise (SME) financing startup @payhippo, which was founded in 2020, has raised one million dollars in pre-seed funding in order to hire engineers and expand its reach. This round of funding was contributed to by four different venture capital firms, including @vplatformhub, @anafricanfuture, and Launch Africa.
Innovators are essential to the growth of nations, but they require assistance in the form of financial backing and strategic direction in order to create sustainable firms. To gain a better understanding of the motivations behind TEN13, an Australian venture capital firm, and their investments in new businesses, we had a conversation with Stewart Glynn, a partner there.
The energy sector in Africa is one of the areas that OneWattSolar hopes to decarbonize. The company intends to deploy 40 gigawatts worth of off-grid solar energy across the entirety of sub-Saharan Africa with the help of a 10 billion bond.
Copia Global, an eCommerce startup that serves people who do not have access to the internet, has opened up shop in Uganda in anticipation of the country's expanding middle class. This move comes on the heels of the company's reported success in Kenya.
Fairmoney, a digital lending fintech with offices in Lagos and Paris, has raised $42 million in a Series B funding round led by Tiger Global. In addition to this, the company was awarded a micro-finance bank license, which will allow it to expand its services throughout its core markets.
@Facebook, @Google, @tikok us, and @Twitter have made commitments to beef up solutions to keep women and girls safe while using their platforms, as part of a move that was initiated by @webfoundation to combat online abuse against women.
Within the span of just six months, Flutterwave, a company based in Nigeria, climbed 75 spots to become one of Y Combinator's 40 most valuable private companies. It is the only African startup company that has ever been included on the list, and it has done so for the past three years in a row.
@mdaasglobal, a startup in the diagnostic health technology industry, recently announced that it has raised $2.3 million and launched SentinelX, an electronic diagnostic feature. The funds will be used to construct an additional six diagnostic centers across the country of Nigeria.
According to the @Mastercard Confidence Index, 81 percent of Nigerian small and medium-sized enterprises (SMEs) have a positive outlook on the next 12 months; however, the survey only included 0.41 percent of those SMEs. Is there much reason to be optimistic given the current inflation rates and the fact that 98 percent of these businesses operate in the informal sector?
The long-awaited and completely computerized national census in Ghana has finally begun, making it the first country in West Africa to do so. This comes as a result of an experiment that was carried out in certain districts across the country in 2019.
According to recent reports, the value of the market for providing logistics services across borders in Africa is estimated to be $32 billion. @JestreamAfrica, a company based in Ghana, was recently awarded seed funding in the amount of $3 million to develop digital infrastructure for Africa's trade corridors.
Cowrywise, a wealth-tech startup based in Nigeria, has been granted a fund management license by the SEC. It is launching a public application programming interface (API) with the intention of digitizing Nigeria's investment operations in order to meet its goal of attracting 10 million investors by 2025.
Jiji appears to be transitioning away from its online classifieds business model by acquiring Cars45 with the intention of expanding its presence in Africa's transactional marketplaces. More acquisitions could follow.
The Continuous Voter Registration (CVR) process was launched across the nation on Monday, June 28, 2021 by the Independent National Electoral Commission (INEC). This comes after the previous drill was carried out more than two years ago.
Do you manage a company using the internet? The following is an in-depth tutorial that will walk you through the process of creating a storefront for your company on WhatsApp and Instagram... in 10 minutes
Since the beginning of time, Africa's economies have been built on the shoulders of their MSMEs. The Nigerian micro, small, and medium-sized enterprises (MSMEs) have had to demonstrate enormous resilience in the face of lax policies and a severe pandemic. Some, with the assistance of various pieces of technology. On this day, #WorldMSMEday, a few of them are going to talk about their experiences.
The 26th of June is celebrated as World Refrigeration Day. After hours of searching the internet, I was finally successful in locating Emmanuel, an air conditioning technician who works in Ile-Ife, Nigeria. We discussed a variety of topics during our conversation. You really ought to read it.
Businesses in Nigeria that had previously relied on Twitter fear an avalanche of losses as a result of the ban on the social media platform if the decision is not reversed as quickly as possible.
@Facebook is making new updates to its eCommerce platform, including the ability to virtually try on clothes, an artificial intelligence that acts as a store attendant, and the addition of shops to WhatsApp. On the other hand, this raises additional concerns regarding privacy.
A partnership between the Holcim Group and the CDC will result in the construction of the first ever 3D-printed school, which will be located in Malawi, with future projects planned for Kenya and Zimbabwe. It's possible that there will be another one in Madagascar.
It is unknown how many people in Africa are affected by learning disabilities (LDs) because there simply is not enough data available. Although erroneous beliefs are widespread, strategies that simplify education are not. We talk about the ways in which technology makes learning better.
The telecom giant MTN has revealed plans to invest $1.5 billion over the next three years to boost broadband penetration in Nigeria. If these plans are carried out, Nigeria's current broadband coverage could see a significant increase.
The recruitment platform known as @Giraffe Jobs has joined the @Harambee4Work SA Young Initiative in order to combat the high rate of youth unemployment in South Africa. According to reports, the company has already helped more than 100,000 people find jobs in the country.
Applications for the three-month communications program are now being accepted from African tech startups in their early stages.
Chaka, an investment technology startup, was awarded Nigeria's first ever fintech license by the Securities and Exchange Commission (SEC), which came six months after a restrictive court order and two months after an industry-wide warning. What exactly does this imply for the industry as a whole?
@Airtel Ug has made the announcement that it will be separating its Airtel Money business from its telecommunications operations following the issuance of two licenses in accordance with the Uganda National Payment System (NPS) Act 2020.
@Microsoft, @Facebook, @Apple, @Amazon, and @Netflix are the Big 5 of tech, and it's hard to imagine any of them going the way of Nokia, Kodak, or BlackBerry. The acronym FAANG stands for Facebook, Apple, Amazon, Netflix, and Google. But if they were to ever fall, these are the reasons that it would probably happen #Opinion:
In yet another development stemming from the #TwitterBan, the regional court of West Africa known as ECOWAS has stopped the government of Nigeria from putting additional restrictions on the social media network.
The Nigerian government has given its approval to the creation of a team of ministers who will be responsible for overseeing its negotiations with Twitter regarding the ban. This comes after the platform made clear its willingness to negotiate two weeks ago.
Apollo, an agritech startup based in Kenya that was established in 2015, has been granted one million dollars in debt financing in order to expand its support for small-scale farmers and launch new crops for farmers. This comes after the company raised $6 million in its Series A round in 2020.
Households, smallholder farmers, and micro-entrepreneurs in Kenya, Nigeria, and Uganda will have access to off-grid energy solutions thanks to a $4.5 million investment from FSD Africa Investments that has been secured by @nithiocredit.
Did you know that the Corporate Affairs Commission (CAC) has made it possible for you to register your company and business name online? If not, you should look into it. Getting it done can be broken down into these three easy steps.
@Google, in collaboration with @TonyElumeluFDN and @Cc HUB, will give a total of $6 million to the founding entrepreneurs of 50 African startups and 500 African women entrepreneurs in order to encourage innovation on the African continent. Learn as much as you can.
On June 19, people around the world will be commemorating #IDESV, which stands for the International Day for the Elimination of Sexual Violence in Conflict. We investigate how technological tools are helping to improve the situation in Nigeria in light of recent reports from the United Nations indicating an increase in COVID-19-related cases.
Babajide Duroshola has resigned from his position as Country Director of @Safeboda NGA after serving in that capacity for the past twenty-six months and seeing to it that 1.5 million trips were successfully completed.
On this #AutisticPrideDay2021, we take a look at how the elimination of stigma and the use of appropriate technological tools can assist in making the lives of children in Africa who are coping with autism spectrum disorder (ASD) better and more enjoyable.
In order for Nigeria to become more relevant in the field of information and communications technology on a global scale, the country plans to reevaluate its licensing system for the telecom industry. It's possible that this will have a significant impact on both regular phone calls and the information and communications technology industry in the country.
TeamApt, a Nigerian financial technology company, has almost doubled the amount of business it did in all of 2020 in just the first two months of 2021, with a reported $5.9 billion worth of transactions. What should I do now? A risky venture into the world of digital banking and an expansion into Francophone Africa
The animation studio @Triggerfish, which is based in South Africa, has announced a partnership with the animation studio @Disney to produce an animated series with an African-themed that will be based on ten stories from 14 African creators. The first episode of the series will air on Disney+ in 2022.
Kune, a provider of ready-to-eat meal services based in Kenya, has announced that it will raise $1 million in pre-seed funding. This funding will be used to finish building their factory, hire additional staff, and launch their business officially in August of 2021.
Gebeya, an online workplace in Ethiopia, has announced the launch of its revamped online marketplace to assist businesses in Africa in hiring more freelancers. This announcement comes a year after Gebeya successfully raised $2 million to build its talent marketplace.
In the spirit of a clubhouse, the music streaming service Spotify has introduced a new app called Greenroom, which gives users the ability to participate in or host live audio rooms. Users can also convert audio conversations to podcasts, which is a first for live audio chat apps.
As of today, June 16 2021, the Private Telecommunications and Communications Senior Staff Association of Nigeria (PTECSSAN) is planning to begin a three-day warning strike. If the strike goes ahead, it is possible that call and data services will be disrupted.