When you think the Nigerian Postal Service is in its later stages of going moribund, it is set to rebound its fortunes by rolling out a new product – electronic money order – that would enable customers in both rural and urban communities to transfer and receive money across the…
Author: AdeO
The big problem for many failed tech start-ups according to research is premature scaling, essentially businesses growing too fast. That’s why slow or gradual growth plans and taking a stepping-stone approach can be a lot more beneficial for start-ups. In this article, we would share the advantages of the gradual…
Nigeria Fintech startup, Paystack has raised $8 million in Series A funding from Stripe, Visa and Tencent. The startup said the round was led by Stripe and includes Visa, follow-on funding from Tencent and Y Combinator, as well as angel investors Tom Stafford (Managing Partner at DST Global), Others were…
Digital publishing platform, Publiseer has announced that it is expanding its services into the West African country, Ghana. Its decision to expand into other markets is not a surprise. When the startup submitted its entry for MIT’s Solve Challenge last month, it indicated that an Africa wide expansion was in the cards. And…
Ugandan fintech startup, Agro Supply has emerged as the winner of this year’s Seedstars Kampala pitch event. Agro Supply’s platform enables smallholder farmers to save money for agricultural inputs. The company beat 10 other startups that pitched at the event that was held in the Ugandan. The startup will next year represent Uganda at…
Three Nigerian startups including AppZone, Formplus, and Medsaf will join eight other startups across 6 African countries to take part in the second cohort of the accelerator that will be held in Lagos, Nigeria. According to Fola Olatunji-David, Head of Startup Success and Services, Launchpad Accelerator Africa, said, “The growth…
It’s an exciting time to be a startup founder or entrepreneur. It seems like every time you turn your head, new, small companies with big dreams are sprouting up between the cracks of traditional business. And even though the startup boom may be coming to a close, there are still innumerable…
Zoto, a Nigerian mobile recharge and payment solutions platform, has reportedly shut down its operations. The startup was last active back in July. In fact, some of their customers complained that they were unable to transact on the app while others said they have lost money in the process. Since June, users…
Google has launched YouTube Go, data-friendly app in South Africa. It was revealed in December 2017 that the app will be unveiled in the country of Nelson Mandela. According to Google, “YouTube Go has been built from the ground up for the next generation of YouTube users, keeping in mind…
AfricaCom, one of the largest tech and telecom festival in Africa is inviting African founders, entrepreneurs and startups who are interested in attending the event to submit a three-minute long pitch video for a chance to win an all-access pass to AfricaCom as well as a possibility to pitch at the…
Every successful product or service that we use today started with extensive research about customers and competitors. Accurate and specific information about customers and competitors is the critical first step in the development of a marketing plan. Brands and small businesses have finally realised that they need to know a lot…
Apple has reportedly removed more than 25,000 apps from its App Store in China that fell foul of Chinese regulations. At least 4,000 of these apps were tagged with the word “gambling,” according to Bloomberg, while the 25,000 figure comes from state broadcaster CCTV. “Gambling apps are illegal and not allowed…
VC4Africa is searching for eight innovative, high-growth startups to pitch at the Africa Early Stage Investor Summit on Nov 11-12 in Cape Town. If you are operating in Africa, generating revenue and looking to raise your Series A round in the range of $250K and $5M? You should apply to…
Jumia, Nigeria’s number 1 online shopping destination, has partnered with Hewlett-Packard (HP) to award N3,700,000 worth of educational scholarships to 15 students who are between Basic 4 and University level and are residents and schooling in Nigeria. To qualify for the scholarship, interested students are expected to shop any…
The Nigerian Government has announced its partnership with a Chinese technology firm, NetDragon Websoft Holdings, targeted at establishing digital education institute and provision of smart learning classrooms across the country.The Senior Special Assistant to the President on Sustainable Development Goals, Princess Adejoke Orelope-Adefulire, disclosed this in a statement by her…
Uber earned $2.8 billion in revenue in the second quarter of 2018 but lost $891 million thanks to increased spending by the ride-hailing company. Uber, which is privately held but chooses to report its quarterly earnings to investors and the public, is seeing some growing pains from its massive effort…
Passion Incubator, a Lagos based technology incubator/accelerator that supports and invests in startups has launched a programme to boost entrepreneurship across the South-West part of Nigeria comprising of Ogun, Lagos, Oyo, Osun, Ondo, and Ekiti. A statement from the Lead, Communications, and Partnerships Nwanne Nwonwu, said the project is focused on…
Nigerian venture capital platform, Microtraction has announced a new round of investment in Nigerian fintech startup, Wallet.ng. Disclosing the news on Twitter, Yele Bademosi said that Wallet.ng is one of three investments the firm has recently landed. The other two are CowryWise and BitkoinAfrika. Bademosi tweeted: “Super excited to announce @microtraction’s investment…
The US government through the Defense Authorization Act has banned the use of Huawei and ZTE technology by workers and contractors. However, government contractors can still use components that don’t handle user data in any way. But since they still have to get rid of existing parts and devices that do, the…
Mines, a Nigerian fintech startup re-inventing credit in emerging markets, has closed a Series A round of $13M led by The Rise Fund, a global fund managed by TPG Growth. Also participating are Velocity Capital, Western Technology Investments, First Ally Capital, X/Seed Capital, NYCA Partners, Persistent Capital, Singularity Investments, Trans Sahara Investments, and the Bank of Industry. Mines plans to use its…