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Acquisitions

OmniRetail Acquires Traction Apps

Nigeria-based startup OmniRetail has announced the acquisition of Traction Apps, a Lagos-based business payments platform, in a move aimed at...

• BY Praise Akinyemi
• October 22, 2024
• 0 Comments

Funding News

Madica Invests in Earthbond to Power Nigerian SMEs with Affordable...

Madica, an Africa-focused pre-seed investment program, has made a strategic investment in Earthbond, a Nigerian climate tech startup focused on...

• BY Praise Akinyemi
• October 22, 2024
• 0 Comments

Tech News

CapWay Shuts Down Amid Funding Challenges

CapWay, a fintech startup founded in 2016 by Sheena Allen, has officially closed its doors. The company aimed to provide...

• BY Praise Akinyemi
• October 18, 2024
• 0 Comments

Funding News

IFC Pledges $25 Million to Acumen’s Hardest-to-Reach Fund

The International Finance Corporation (IFC) has pledged up to $25 million to Acumen’s Hardest-to-Reach (H2R) Fund. The $200 million fund...

• BY Praise Akinyemi
• October 15, 2024
• 0 Comments

Funding News

Equator Africa Secures $5M IFC Funding to Propel African Climate...

Equator Africa, a climate tech venture capital firm, has secured a $5 million investment from the International Financial Corporation (IFC)....

• BY Praise Akinyemi
• October 7, 2024
• 0 Comments

Tech News

Bloomberg’s African Startups to Watch 2025

If your startup is committed to solving Africa’s challenges, boasts a standout product or service that has garnered investor and...

• BY Praise Akinyemi
• October 4, 2024
• 0 Comments

Funding News Spotlights

Winich Farms announces $3m in pre series A funding

Winich Farms has demonstrated impressive growth, closing 2023 with $30 million in gross merchandise value—a 3x increase from the previous...

• BY Praise Akinyemi
• October 3, 2024
• 0 Comments

Acquisitions

Lesaka Technologies Acquires Adumo for R1.67 Billion

Lesaka Technologies, a listed fintech company, has officially completed its acquisition of Adumo for a total consideration of R1.67 billion...

• BY Praise Akinyemi
• October 3, 2024
• 0 Comments

Tech News

Urgent Security Alert for Nigerian WordPress Users: Update Your LiteSpeed...

If you’re running a WordPress site in Nigeria, pay attention! The National Information Technology Development Agency (NITDA) has issued a...

• BY Praise Akinyemi
• October 3, 2024
• 0 Comments

Funding News

South African Fintech Startup LittleFish Secures Seed Funding to Empower...

LittleFish, a South African fintech startup focused on reconnecting banks with SMEs, has successfully closed its seed investment round. The...

• BY Praise Akinyemi
• October 2, 2024
• 0 Comments