Articles

The Untapped Market of Africa’s Grey Economy: Unlocking Startup Opportunities

When people talk about startups, the spotlight usually falls on the “big fish” – the unicorns making waves across tech hubs and newsfeeds. But there’s an overlooked powerhouse many aren’t paying attention to: Africa’s grey economy. A powerhouse because it supports millions of lives and drives economic activity in ways that you’d not normally notice. […]

Tech News

Why Techstars Lagos Shut Down: The Shocking End of Nigeria’s Startup Accelerator

What happens when a global powerhouse in startup acceleration suddenly decides to pull out of one of Africa’s fastest-growing tech hubs? After just two years in Nigeria, ARM Labs Lagos Techstars has surprised everyone by shutting down its operations. This also means the third program, which started in March 2024, is now officially canceled. The news […]

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 enhancing its point-of-sale (POS) and inventory management services for African small and medium-sized enterprises (SMEs). The acquisition, which was recently shared on LinkedIn, marks a significant step in OmniRetail’s mission to digitize traditional e-commerce for […]

Funding News

Madica Invests in Earthbond to Power Nigerian SMEs with Affordable Solar Energy

Madica, an Africa-focused pre-seed investment program, has made a strategic investment in Earthbond, a Nigerian climate tech startup focused on providing affordable solar energy solutions to small and medium-sized enterprises (SMEs). This funding will allow Earthbond to enhance its operations and bridge the clean energy gap for businesses across Nigeria. Founded in 2023 by Chidalu […]

Articles

Finding Mentors as an African Entrepreneur

Youth entrepreneurship has been more recognised lately. We now see it as a critical solution to youth employment in Africa. However, starting a business as a young person can be a daunting and challenging task. But, like everything else, it’s easier when you’re not doing it alone. Mentorship and networks play a crucial role in […]

Articles

From Setbacks to Comebacks: Inspiring Journeys of Resilient African Entrepreneurs

Imagine you’re a young entrepreneur in Africa, facing countless challenges from limited resources to a rapidly changing market. Sounds tough, right? But what if I told you that some of the most successful African founders today faced even bigger obstacles? They didn’t just survive; they thrived. Let’s dive into their inspiring stories and learn how […]