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 […]

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 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 […]

Articles

Legal Basics for African Startups: Protecting Your Ideas and Innovations

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 […]

Funding News

Ghanaian E-Health Startup BIMA Secures Funding to Drive Expansion in Africa

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, […]

Spotlights

Andela: Revolutionizing Tech Talent in Africa and Beyond

Andela was founded to bridge the global tech talent gap by unlocking Africa’s potential in software development. Recognizing a global shortage of skilled developers, Andela trains and connects Africa’s top talent with leading companies worldwide. This approach helps businesses find world-class developers while boosting Africa’s growing tech ecosystem. Since its founding, Andela has addressed one […]

Articles

African Women in Tech: 5 Trailblazers Shaping the Future

In Africa’s rapidly changing tech landscape, dynamic women are leading the way. They are revolutionizing the industry and inspiring others to follow. From groundbreaking innovations to creating opportunities, these women are trailblazers. Their efforts are shaping the future of technology across the continent. Highlighting their contributions is vital for building an inclusive future and tackling […]