Author: Staff Writer

This is about identifying and meeting the needs of your community wherever you are. Here are two Nigerians – husband and wife – serving Nigerian cuisine from a food truck in Midtown Manhattan. They are Godshelter and Bisola Oluwalogbon of Divine Flavored Nigerian Food Truck. They grew up in Nigeria separately but…

Founders of Nigerian digital content distribution platform, Publiseer, have been announced as part of the newest cohort of Halcyon Incubator Fellows in Washington, D.C. Chidi Nwaogu and his twin brother, Chika Nwaogu, joins the Cohort 11 Halcyon Incubator Fellows, being one of the eight of the most exciting and promising social enterprises from around…

The CEO of Safaricom, Bob Collymore, is dead. He died after a long battle with Acute Myeloid Leukemia (AML). Here is an official statement from company’s Board Chairman Nicholas Nganga of the passing away of Collymore “It is with deep sorrow that we announce the passing away of Robert (Bob) William…

According to a recently published report on an annual “Cost of Living” survey by Mercer, Nigeria ranked as the fourth most expensive city in Africa. The most expensive city in Africa is N’Djamena in Chad while Tunis in Tunisia ranks as the least expensive city in the region and globally. Some of…

Digital banks now available in Botswana, Zambia and Zimbabwe as part of the Bank’s digital transformation strategy for Africa. Standard Chartered today announced yet another multi-market launch of its digital bank in Botswana, Zambia and Zimbabwe as part of its digital transformation strategy in Africa. The next wave of digital-only…

In a bid to further help African artists monetize their creative contents, African music streaming service Playfre launches its music distribution service SongRoute. This comes after the launch of myPlayfre, a platform intended to help African artists to sell their music online without the need for a music aggregator. SongRoute is intended to…

Co-Creation Hub has announced an undisclosed investment via its Growth Capital Fund, in DrugStoc, an innovative drug procurement platform designed to enhance the purchasing experience of all buyer-categories. Launched in 2015, CcHub’s Growth Capital Fund was  launched by Co-creation Hub (CcHUB), Bank of Industry (BoI), Venture Garden Group (VGG) and Omidyar Network (ON) in 2016.…

Founders Factory Africa has partnered with South African healthcare company Netcare  to select 35 African startups in the healtcare sector for an acceleration and incubation program. This partnership involves an undisclosed amount by Netcare in Founder’s Factory Africa, or FFA. The startups will receive a £30,00 cash investment (≈$38,000) and £220,000 in support services…

Ride hailing service, Uber, is planning to launch a boat service in Lagos, Nigeria to beat traffic congestion. According to Uber’s Chief Business Officer, Brooks Entwistle in an interview with Reuters in Lagos, “We are looking at the waterways here, which are very interesting to us as it relates to a…

Indian based Telecoms giant, Bharti Airtel, listed the shares of its African entity, Airtel Africa on the London Stock Exchange today. The company had set a price range of 80 to 100 pence per share, expecting to raise about $750 million. But it eventually opened at 75 pence apiece on…

The screen was made transparent so you can see where the camera is. On the surface, there is no visible camera. OPPO Mobile, a global smartphone company that has for a long time led the way smartphones are designed around the world has again announced another invention in the Smartphone…

Payment Service Banks (PSBs) are the latest attempt by financial firms to tap into Nigeria’s large population of “unbanked’ folk. In the very recent past, banks have sought for and closed businesses with Telcos, who on the other hand will eventually evolve to…financial institutions. Although PSBs cannot engage in Lending,…

South African based lending Startup, Lulalend, has raised $6.5 million Series A funding from IFC and Quona Capital. Founded in 2014 by Trevor Gosling (CEO & Co-Founder) and Neil Welman (CFO & Co-Founder), Lulalend provides funds to empower businesses across South Africa. The company is South Africa’s first online and automated provider of…

Cairo based startup, Breadfast, has raised an undisclosed seven-figure (USD) series A funding led by 500 Startups and Egyptian Businessman and investor Mohamed El Sewedy, COO of El Sewedy Electric, one of country’s leading manufacturer of integrated energy products, according to MENAbytes Mostafa Amin, the co-founder and CEO of Breadfast, says…

Village Capital, a global organization that finds, trains and funds entrepreneurs solving some of the world’s most challenging problems, will soon close applications for Agriculture Africa 2019 program supported by Ceniarth and Small Foundation. The program will train 12 agriculture startups in efforts to scale their businesses, connect with mentors…

Launches MumsVillageShop with a curated range of Genuine Local and Global Mum and Baby Brands The e-commerce portal to provide opportunities for entrepreneurial mothers to set up online storefronts and help shoppers select the right products MumsVillage, a leading parenting website for expert advice and online community support in Kenya,…

Abdel-Adheem Hassan, a lawyer based in Sudan, is currently the only civilian with internet access in Sudan. According to a BBC report, Abdel-Adheem Hassan won a lawsuit against telecoms operator Zain Sudan over the blackout ordered by Sudan’s military rulers. However the victory only extends this privilege to him. The…

Office Space provider, Wework will open its second African location in Cape Town South Africa. The first location in Africa was also in South Africa but in Johannesburg. Founded in 2010, the American company provides shared workspaces for technology startup subculture communities, and services for entrepreneurs, freelancers, startups, small businesses…

Nigerian renewable energy company, Arnergy, today announced it has raised $9 Million in a Series A round of funding led by Breakthrough Energy Ventures with participation from the Norwegian Investment Fund for Developing Countries (Norfund), EDFI ElectriFI and All On. “We are excited to enter this next phase in Arnergy’s development with…

A World Investment Report released by the United Nations Conference on Trade and Development (UNCTAD) states that Africa experienced an 11% increase in Foreign Direct Investment (FDI) in 2018 over the previous year. Growing demand for some commodities and a corresponding rise in their prices as well as the growth…