Moniepoint has done it again! This Nigerian fintech powerhouse has been on a roll, and in 2023 alone, they handled an incredible 5.2 billion transactions. That’s right – 5.2 billion!
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 […]
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 […]
I want you to picture something. A world where every child has access to quality education. An Africa where healthcare is affordable for all, and where women are empowered to reach their full potential. This is the vision that African startups are striving to achieve through social entrepreneurship. Beyond the realm of technology, these innovative […]
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 […]
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 […]
Every startup begins with a spark, an idea that can change the game. But turning it into a thriving business? That’s where the rubber meets the road. The road to startup success is paved with sleepless nights, tough decisions, and unexpected hurdles. What differentiates those flying high from those who falter is a well-crafted skill […]
CapWay, a fintech startup founded in 2016 by Sheena Allen, has officially closed its doors. The company aimed to provide financial services to underbanked communities, also known as “banking deserts,” but was ultimately unable to overcome significant funding and regulatory hurdles. In a LinkedIn post, Allen announced the closure, expressing pride in CapWay’s mission but […]
Like everywhere else, startups and businesses in Africa face various challenges when it comes to protecting their ideas and innovations. Without proper legal protections, entrepreneurs risk losing their competitive edge or intellectual property (IP) to competitors. Legal challenges may include weak enforcement of IP laws, complex registration processes, and limited access to legal resources. It […]
Ghana’s leading e-health startup, BIMA, has just secured new funding to boost its growth and reach more underserved communities. BIMA, the first licensed telemedicine provider in Ghana, is changing the game by offering affordable health insurance and digital health services to low-income populations across emerging markets. With over six million users in places like Tanzania, […]
