Author: Staff Writer

Currently, it’s a great time to be a marketing agency. Every year, millions of businesses seek marketing help from agencies. For example, businesses often want an agency to handle their social media marketing campaigns and optimize their websites with SEO content. But this is barely scratching the surface. Naturally, many…

Twiga, a Kenyan agri-tech startup announced that it has raised $50 million to scale its food solutions across Africa. This Series C fund raise was led by an existing French investor, Creadev, with other participants including existing investors such as TLcom Capital, IFC Ventures, DOB Equity and Goldman Sachs’ spinoff Juven.…

It was celebratory atmosphere at Spanx when CEO and founder Sara Blakely surprised all the employees with two first class plane tickets for each employee and $10,000 to spend. Blakely did this to celebrate the sale of majority stake in Spanx to Blackstone, a leading global investment firm. Blackstone agreed…

Co-Creation Hub Introduces the CcHUB Seedr in Namibia. The CcHUB Seedr is a programme aimed at supporting impact-driven founders of early-stage tech startups in emerging ecosystems to develop their startups into sustainable entities and raise funding through the CcHUB syndicate network. The programme will be rolled out with Namibia being the…

Union54, a Zambian fintech announced that it has raised $3 million in a seed round led by Tiger Global. Other participants in the round include VC firm Runa Capital, Ace & Company, Todd $ Rahul Angel Fund and Vibe Capital. Some angel investors such as Babs Ogundeyi, CEO of Kuda;…

mPharma, a Ghanaian healthcare startup has entered into Uganda with the acquisition of Vine Pharmacy, thereby increasing its footprint across Africa. mPharma acquired a 55% stake previously held by the Abraaj Group. mPharma entered the East African region two years ago with the acquisition of Haltons Pharmacy for $5 million.…

Nigerian agritech, Vendease, announced that it has raised $3.2 million to grow its operations across the country. The seed funding raise was led by Global Founders Capital, a US-based venture capital firm, with participation from other entities like Y Combinator, Hustle Fund, Liquid 2 Ventures, Hack VC and Soma Capital.…

Pan African digital financial Services startup, Asante Financial Services, has announced a $7.5 million Series A investment led by Goodwell Investments with participation by other investors including Sorenson Impact Foundation and Forsage Holdings.  Led by Nigerian Chidi Okpala, Asante Financial Services is a high impact digital financial services company primarily focused on Micro, Small and Medium Sized Enterprises (MSMEs)…

Pan African Telecoms Services company, IHS Towers, listed 18,000,000 shares at $21.00 per share at its Initial Public Offering (IPO) on Thursday on the New York Stock Exchange. Founded in Nigeria in 2001 by Chairman and CEO, Sam Darwish, IHS Towers is one of the largest independent owners, operators and…

Streaming giant Netflix has announced that South Korean TV show, Squid Game, is its ‘biggest ever series at launch’ with 111 million fans watching the show since its debut on September 17. Written and directed by Hwang Dong-hyuk, Squid Game is a South Korean fictional survival drama television series where contestants play a…

Tech guru and Swifta Founder, Victor Asemota, has been appointed the Chairman of Edo Innovates. Located in Benin-city, Edo state, Edo Innovates is an innovation centre creating the supply of highly skilled ICT talent in Edo State and improving greater access to jobs in the ICT sector. It is an…

Mono, an African fintech startup, announced that it has raised $15 million in a Series A funding round led by Tiger Global. Other investors in this round include new investors like Target Global, General catalyst, SBI Investments and already existing investors like Entrée, Acuity, Ingressive, Lateral Capital, and GPIC. Taking into consideration…

Ride sharing giant, Uber, has now expanded its footprint in Nigeria, making its service now available in the ancient city of Ibadan in Oyo state and the oil-rich city of Port-Harcourt in Rivers state. With these two new cities, Uber is now available in five cities including Lagos, Abuja and…

Innovation is at the heart of business. A successful company is all about bringing improvement to some sector of people’s lives, providing for a want or a need in the form of goods or services. Sometimes, this may be something entirely new, but other times, it could be improving on…

Ride sharing business, Bolt, formerly known as Taxify, has launched its food delivery business, Bolt Food, in Nigeria. Bolt launched its food delivery service globally in August 2019 and launched in Nairobi, Kenya in March 2021. Bolt claims it has over 30 million customers worldwide and this should another value…

Nigerian Fintech Startup, Payday, announced that it has secured $1 million in pre-seed funding to build a platform to enable swift global payments for Africans. Investors include LoftyInc Capital, Microtraction, Magic Fund, Ventures Platform, Voltron Capital, CcHub Syndicate, Helicarrier Inc, Greencap Equity, Midlothian Angel Network, Emergence Capital, Olugbenga Agboola (GB).…

Tech giant Google announced that it is going to invest $1 billion in Africa to improve connectivity across the continent and invest in startups over the next five years. According to Google and Alphabet CEO Sundar Pichai in a Google Africa event today, the investment will cover four broad initiatives…

Bitmama, an African blockchain company announced that it has closed a $350,000 pre-Seed round, led by Flori Ventures, with participation from Nigeria-based investment fund Emergence Capital, Fedha Capital, and a host of VCs and angel investors. Bitmama says that this new funding will help the company grow its operational presence,…

Finally, Apple has decided to allow its users FaceTime with Android and Windows users. Hitherto, Apple users could only do FaceTime with other users using iPhones, iPads and Macs. Released in 2010, FaceTime is a proprietary videotelephony product developed by Apple Inc. It is available on supported iOS mobile devices…

During the Independence day speech on the October 1 by the Nigerian President, his excellency Muhammadu Buhari listed conditions for lifting Twitter ban. The social media giant was suspended indefinitely in Nigeria in June 2021 by the government citing the persistent use of the platform for activities that are capable…