African Private Equity and Venture Capital Association (AVCA), the pan-African industry body which promotes and enables private investment in Africa, today announced the release of its second Venture Capital in Africa report. Mapping Africa’s startup landscape between 2014 and 2020, the report provides data and analysis on venture capital (VC) deal activity…
Author: AdeO
Direct Messages are the messages you send privately on Twitter. You can use Direct Messages to have private conversations with people about virtually anything including their Tweets and other content. Although this appears easy, this article shares the proper way to send a direct message. To send a Direct Message…
Kalon Venture Partners, a digital technology Venture Capital firm headquartered in South Africa, has raised 250 million Rands as a part of its final Section 12 J capital raise. Established in 2006, Kalon’s fund has already invested in promising tech companies with its first fund and seven of those companies with…
Cowrywise, a Nigerian fintech startup, has received a license from the Securities and Exchange Commission (SEC) to operate as a funds/portfolio manager. Cowrywise is a Nigerian-based fintech company democratizing access to investment products for retail investors. Securing a Fund/ Portfolio Management license from the SEC emboldens its ambition of onboarding 10…
MaxAB, an Egyptian ecommerce startup, has closed a $40 million a Series A investment led by RMBV. Also participating in the funding round are IFC, Flourish Ventures, Crystal Stream Capital, Rise Capital, Endeavour Catalyst as well as existing investors including Beco Capital and 4DX Ventures. This takes the total funding…
Green Gold Farms, a Ghanaian agritech startup, has completed raising US$1.6 million from Absa Bank Ghana, Diaspora Capital, Channel Ventures, EPMT Fund, and a number of early-stage seed investors. Green Gold Farms is tackling the problems of poverty, lack of economic opportunity, and malnutrition, and related illnesses in Northern Ghana through large-scale agricultural production.…
Signal Alliance, a leading technology company, recently celebrated its 25th anniversary at a formal event in Lagos, with broad stakeholders. Founded in 1996, it has been at the forefront of ICT integration, optimizing operations, and supporting the growth of organizations through value-added technology solutions. The company has grown into a technology…
A webinar is now part of the online world today. It gained more popularity due to the coronavirus pandemic that forced millions to work from home. There are different webinar platforms you can use but it behooves you to select the best one that meets the objectives of your event.…
A study conducted by Genesis Analytics in eight African countries – Senegal, Côte d’Ivoire, the DRC, South Africa, Nigeria, Ghana, Mauritius, and Kenya – reveals that social media platforms help accelerate economic growth and opportunity across the continent. The African continent is heavily reliant on its small and medium-sized enterprises,…
The Federal Government has again extended the deadline for Nigerians to link their National Identity Number (NIN) with their SIM cards. The new deadline is now July 26. So far, there are now a total of 57.3 million unique NIN enrolments, with an average of 3 to 4 SIMs per…
Business Email Compromise (BEC) and cyber attacks are on the increase worldwide. Conveyancing firms, their clients, and other organisations affecting many large non-recurring type transactions are particularly vulnerable to BEC fraud. Ryan Mer, Managing Director, eftsure Africa, a Know Your Payee™ (KYP) platform provider says gaps in organisations’ payment systems not…
Binance, the world’s biggest cryptocurrency exchange, has been banned by the UK’s financial regulator. According to The Financial Conduct Authority (FCA), the crypto giant is not legally permitted to conduct business in the country. In additiona to the ban, the FCA warned people not invest their money in crypto-assets that…
Egypt-based Minly, a platform empowering stars to create authentic, personalised connections with their fans across the Middle East and North Africa (MENA) region, has closed an oversubscribed $3.6m seed round. The round was co-led by 4DX Ventures, B&Y Venture Partners, and Global Ventures. It also included participation from other leading regional…
FSD Africa Investments (FSDAi), the investing arm of FSD Africa, has today invested US$4.5m in Nithio FI, a renewable energy financing intermediary focused on the Pay as You Go (PAYG) off-grid solar sector, to provide reliable and sustainable renewable energy solutions for households and small businesses in Kenya, Nigeria, and Uganda Nithio…
The Securities Exchange Commission of Nigeria (SEC) has granted Chaka, a digital investment platform, license as Digital Sub-Broker/Sub-Broker Serving Multiple Brokers through a Digital Platform. This makes Chaka the first recipient of this newly created license by the SEC, which is in line with the Commission’s efforts to foster regulation…
Two South African brothers have vanished with $3.6 billion worth of bitcoin in what could potentially be the biggest cryptocurrency heist in history. In 2019, Ameer Cajee and his younger brother, Raees Cajee, founded crypto investment app Africrypt. Not long after, the siblings, along with 69,000 bitcoins worth roughly $4…
Lagos has overtaken Nairobi to become Africa’s top startup ecosystem. According to the Global Startup Ecosystem Index 2021, released by StartupBlink, Lagos overtook Nairobi as the continent’s top startup hub. “The Nigerian city of Lagos has become the top African startup ecosystem, ranked 122nd after switching places with Nairobi, Kenya,…
As part of the Bank’s mandate to empower female entrepreneurs with financial and business skills, Access Bank Plc has unveiled the third edition of its Womenpreneur Pitch- a-ton Africa programme. The Womenpreneur Pitch-a-ton Africa programme is designed to provide female owned businesses across Africa an opportunity to access finance, world-class…
There is more to WhatsApp than simply texting and messaging your friends and family. Currently, there are more exciting features. One of the widely used features is WhatsApp status that is also very trendy nowadays. But what if you see a really great video or picture on someone’s status? Of…
The second phase of the Digital Lab Africa (DLA) call for applications is now open after a successful first phase for animation and immersive experience categories. The focus of this phase is on Video Games. The destabilising impact of the pandemic on the music and digital art sectors has been such that the…