Author: Staff Writer

Ayoken, an NFT marketplace for creatives, announced that it has raised $1.4 million pre-seed funding from a number of investors including Founders Factory Africa, Texas-based Kon Ventures, Europe-based venture capital collective Crypto League, Ghana-based R9C Ventures and Maximus Ventures. According to the company, the platform will enable users grow their…

Nigerian B2B ecommerce startup, Betastore, announced that it has raised $2.5 million to expand to 3 new countries – Ghana, the Democratic Republic of Congo, and Cameroon – before the end of this year. The pre-series funding round has 500 Global, VestedWorld, and Loyal VC as key investors. To date,…

Jabu, a Namibian B2B e-commerce startup, announced that it raised $15m in a Series A funding round led by Tiger Global. Other investors in this round include Box Group, Knollwood, D Global Ventures, Afore Capital, Oldslip and FJ Labs. This is the second time for some of the investors like…

Twitter founder Jack Dorsey is stepping down from the Board of Directors today. He stepped down from the CEO position in November 2021, relinquishing the position to the chief technology officer (CTO) Parag Agrawal. It was also stated during the announcement last year that Dorsey would remain on the board until…

Egyptian healthtech startup, Esaal, announced that it has raised $1.7 million seed investment from A15 to expand across Middle East and North Africa. It says it intends to use the funds to scale across MENA, invest in product and brand development and hire more talent. Founded in 2018, Esaal is…

Global tech company, Uber, announced that it has facilitated 1 billion trips in Africa since it started operations on the continent 10 years ago. It launched in Johannesburg in 2013. Over 10 billion kilometres of trips have been completed and during the same period Uber and Uber Eats have collectively…

Samsung says that Galaxy Watch4 users will now be able to download Google Assistant on their devices effective today. This has been made possible partnership between Samsung Electronics and Google in building a unified Wear OS platform that creates a seamless connection across Android devices. This platform also comes with Google…

Ever since non-fungible tokens became a thing in 2014, a lot of information and misinformation has been seen. The recent hype around the DeFi feature means there is an amplified opportunity for the problems facing the technology, and with ethereum price prediction 2025 being one of the most talked-about topics…

Coca-Cola is expanding its music platform “Coke Studio” to a global stage. Originally launched in Pakistan in 2008, the Coke Studio program is digital-first, always-on and provides an opportunity for emerging talent to partner, create and deliver moments of musical magic to new audiences. The first moment is the introduction…

It can be amazing to quit your 9-to-5 job and become your own boss. However, this huge shift also comes with a range of challenges. As a small business owner, you must be prepared to manage all aspects of your business’ operations, from the big decisions to the small details.…

Y Combinator, a well-known technology startup accelerator, has sent an email to its portfolio companies to prepare for worst in this economic downturn. Here is a company that has funded over 3,000 startups since 2015 including the likes of Shopify, Dropbox, Paystack, Stripe, AirBnB, Coinbase and a lot more. The accelerator said…

MTN MoMo Payment Service Bank (PSB) officially kicked off its commercial operations in Nigeria today. This follows CBN’s final approval MTN’s fintech subsidiary in April 2020. The company carried out a successful pilot initiated on the 16th of May, 2020 aligning it with the launch of MTN’s GSM operations on…

Autochek has entered into the North African auto market with the acquisition of Morocco’s KIFAL Auto for an undisclosed fee. This comes within a year of entering the East African market with the acquisition of Cheki Kenya and Cheki Uganda from Ringier One Africa Media. Launched in 2020, Autochek combines…

Healthtech startup, Zuri Health, announced that it has closed a $1.3 million pre-seed funding round with investments from DOB Equity, Launch Africa and Founders Factory Africa. Other investors in this round include V8 Capital, Platform Capital, Villgro Africa, Asime Ventures, and the Salik Family Trust. Launched by Ikechukwu Arthur Anoke…

Nile, a South African agritech startup announced that it has raised $5.1 million in a funding round led by Naspers, a South African global consumer internet company and one of the largest technology investors in the world. Naspers invested ($2.5 million) through its early-stage tech investment vehicle, Naspers Foundry. Other…

Topship, a Nigerian digital freight forwarding startup announced that it has raised $2.5 million in a seed round led by Flexport. The recent YC-combinator alumnus has other investors in this round including Soma Capital, Starling Ventures, Olive Tree Capital, Capital X and True Capital. Individual investors such as Immad Akhund,…

Billionaire Elon Musk has temporarily put a hold on the $44 billion purchase of social media platform Twitter. He made this known on Friday stating that this was due to “pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users.” Though he said he was…

Mobility as a service provider, Uber has started operations in three new Nigerian cities – Warri, Enugu and Kano. With the five previous cities, namely Lagos, Abuja, Benin City, Port Harcourt and Ibadan, Uber is now available in eight cities. Uber landed in Lagos in July 2014. “I am thrilled at what…

Tech giant Google announced that it has added 34 new languages to its translation service, Google Translate. This was announced at its ongoing I/O developer conference. There are ten new African languages included in the new set of languages released and there are spoken by about 159 million people across…

Nigerian identity verification startup, Identitypass, announced that it has raised $2.8 million seed funding in a round led by MaC Venture Capital and months after graduating from Y Combinator. Other investors include Soma Capital, True Capital Fund and Sherwani Capital. Combined with the $360,000 raised in a pre-seed round, this…