Author: Staff Writer

Airtel Africa has emerged as the sole bidder in Nigeria’s second 5G license auction. According to the Nigerian Communications Commission (NCC), two companies – Airtel and Standard Networks & Connections Limited – applied for the 3.5GHz spectrum, but only Airtel made the initial payment of “intention to bid deposit” required.…

Gridless, an African Bitcoin mining firm announced that it has raised $2 million in a seed round led by venture capital firm, Stillmark and Jack Dorsey’s Block in addition to an angel round led by Factor[e]. The investment is to support the company’s further expansion of bitcoin mines across African markets. …

Kenyan Mukuru Clean Stoves, has been awarded $1.2 million as 2022 Earthshot prize winner. The solution was among five winners chosen for the Prince of Wales’s prestigious Earthshot Prize. Africa’s Roam Motors and Mukuru Clean Stoves were nominated as finalists for the 2022 Earthshot Prize. Prince William announced the winners…

Last month, we reported that Kenya’s eCommerce Startup Sky.Garden would no longer shut down after the CEO, Martin Majlund, announced that the company will continue with new owners and new management. It has now been revealed that the Lipa later Group are the new owners. Though the commercial details have…

Aruwa Capital Management, a Lagos based, female founded and led, growth equity, impact investment company, has successfully closed its first institutional fund, which was oversubscribed, surpassing its target of $20 million. The fund’s first institutional and anchor investor is Visa Foundation, followed by other investors such as Mastercard Foundation Africa…

OneOrder, an Egyptian B2B marketplace that connects restaurants to suppliers, announced that it has raised $3 million in a seed round led by Nclude and returning investor, A15. Other participants in the round include Delivery Hero Ventures, a fund backed by global food delivery giant Delivery Hero. Based on Delivery…

Brito, an Egyptian Kitchen as a Service startup announced that it has raised $1.25 million to invest in its kitchen technology, grow its delivery fleet as well as expand its presence in Cairo. Launched in 2022 by Rania Reda and Mo’nes Sadeq, Brito Cloud Kitchens owns and operates a series…

Ecommerce giant, Jumia, is looking to close its 60-man Dubai office and move all top executives to operate from Africa. This is part of a plan to cut losses and redirect the company after the founders and co-CEOs, Sacha Poignonnec and Jeremy Hodara left the company some weeks ago. According…

Billionaire and CEO of Twitter, Elon Musk, has stated that the micro-blogging site serves 90 billion impressions per day. He made this known via a tweet some days ago, highlighting the growth of the platform after implementing some of his initiatives since his takeover He also added “Just how incredibly…

Swiss Media and Technology powerhouse, Ringier, announced that it has entered into an agreement to acquire all shares in Ringier One Africa Media (ROAM) from its co-shareholder SEEK Ltd. as well as from the two other minority shareholders Jabavu Limited and Ceatonia Limited ROAM is a leading online marketplaces company…

Uncover, a community-built skincare brand based in Kenya, has raised $1 million to expand its operations in Kenya and expand to Nigeria. It will also use the funding to launch more products, invest in its tech and data to produce efficiently and effectively produce, reach and market to its audience.…

Building new relationships could be challenging, especially in the business world where sales teams attempt to sell a product or service. It may not happen within the first few conversations. Still, it will only happen if the salesperson reaches out to potential clients. Among all the various ways of attracting…

Cellulant is ready to start operations in South Africa after months of testing the market. According to the Chief Business Officer Sike Bamisebi in recent interview, the company is looking to tap South Africa’s mature retail ecosystem and is also concluding fundraising efforts for further expansion into the Middle East…

SafeBoda, the Ugandan-headquartered bike-hailing service is leaving Nigeria after about two years of operating in the country. SafeBoda launched in Ibadan, Nigeria in March 2020 with about 100 drivers and bright prospects. It chose Ibadan rather than Lagos to avoid the ban on commercial bike-hailing companies that adversely affected the operations of…

Neuralink says that it expects to start implanting its coin-size computer chip in humans with the next six months. This announcement was made at a company event at its Fremont, Calif. headquarters on Wednesday evening Elon Musk had hinted in 2021 that that his neurotechnology company might start implanting its brain…

NopeaRide Electric Vehicle taxi service, a 100% emission free taxi hailing fleet, is closing shop in Kenya. According to the statement on its website, “Following the announcement that our majority shareholder, EkoRent Oy, has declared insolvency in Finland, we are sad to announce that InfraCo Africa Limited the minority shareholder…

The Federal government has announced that telecom operators that want to deploy broadband infrastructure in green areas will only have to pay N14.50 as Right of Way (RoW) charges. This announcement was made by the Minister of the Federal Capital Territory (FCT), Mohammed Bello, at the official launch of some…

Orda, a Nigerian restaurant management startup, announced that it has raised $3.4 million in a seed funding round to build and scale out its payment feature, expand its restaurant network and enter into new markets in its pan-African expansion drive. Adding this new fund to the $1.1 million dollars raised…

There’s no one way to make sure that your startup succeeds, but there are certain things you should have if you want to achieve that success. The first thing you need to do is define that term success. Will it be staying in business for one year or for five…

Ejara, a Cameroonian fintech, announced that it has raised $8 million in a series A funding round co-led by Anthemis and Dragonfly. Combined with $2 million raised in 2021, this brings total funds raised since inception to $10 million. Founded in 2019 by CEO Nelly Chatue-Diop and her co-founder Baptiste Andrieux, Ejara offers…