SMEs and Ventures

PAC Capital Limited (www.PACCapitalLtd.com), a leading investment banking and advisory firm, is proud to announce its recognition as the Best Transaction Advisory Firm – Nigeria 2025 by the International Business Magazine Awards!

Unemployment rates for persons with disabilities in sub-Saharan Africa are among the highest in the world, often exceeding 80% to 90%. Inaccessible infrastructure, societal stigma, and policy shortfalls restrict access to meaningful work.

 It is often said that women possess a unique sensibility when it comes to appreciating beauty, a notion that Chidinma

Feeling like a hamster on a caffeine-fueled wheel? Spinning between emails, meetings, and tasks that never seem to end? You’re

The Lagos State Government has concluded arrangements to roll out smart taxis across the State. A total of 5,000 taxis

The Corporate Affairs Commission (CAC) has announced an extension of the registration deadline for POS operators from July 7, 2024, to September 5, 2024

In an effort to enhance the corporate governance of Small and Medium Enterprises (SMEs) in Nigeria, the Financial Reporting Council

Following the successful outing at the inaugural West African Startups Awards in Niamey, Niger in 2021, the Directorate of Private

The Pamoja Founders Project, a collaborative regional leadership development program by IREX, the PepsiCo Foundation, and PepsiCo, has provided $15,000

The recent announcement by the Central Bank of Nigeria (CBN) states that the Loan-to-Deposit Ratio (LDR) of commercial banks has

Wema Bank has launched CoopHub, a digital solution for Cooperative Societies. CoopHub offers a digital platform specifically designed to transform

The Africa SAP User Group (AFSUG) is delighted to announce the launch of its latest initiative, the AFSUG Career Connect

Exclusive Networks (EXN) officially opened it’s Nigeria operating office today on May 9, 2024, at an official opening ceremony held

The Federal Republic of Nigeria recently became a signatory to the Establishment Agreement for the Fund for Export Development in

In Sub-Saharan Africa, Lagos retains its top-tier status as the sole startup ecosystem among the top 10% of 1,000 cities

CcHUB Nigeria has recently announced the acceptance of twelve innovative EdTech start-ups into its second cohort of the Mastercard Foundation

EFI’s business model, as a flagship programme of the International Trade Centre (ITC), has achieved 15 years of success in

PalmPay, a prominent pan-African fintech company, has been recognized by the GSMA in the recently published ‘The State of the

Nigerian startups are at the forefront of an impressive AI innovation race, offering innovative digital solutions to address challenges across

The loan disbursement process for micro, small, and medium enterprises (MSME) and the manufacturing sectors under the Presidential N200 billion

The Bill & Melinda Gates Foundation and the European Investment Bank (EIB) have announced a new collaboration aimed at enhancing

Millions of Windows 10 users are facing a new challenge with Microsoft’s decision to discontinue free support for the operating

Huawei Cloud has announced its commitment to supporting 100 Nigerian startups by granting them cloud credits worth $10 million over

Koa Academy, the grand prize winner of the 2023 MEST Africa Challenge, has emerged as a shining example of innovation

The Tony Elumelu Foundation (TEF) has recently announced the latest group of successful entrepreneurs selected for the TEF Entrepreneurship Programme.

tappi, the comprehensive digital commerce SaaS solution designed specifically for micro, small, and medium-sized businesses (MSMEs) in Africa, has made

Moove, the global mobility fintech company that aims to make vehicle ownership more accessible for mobility entrepreneurs, has announced today

Moove, the pioneering mobility fintech platform, has made a significant announcement today with the introduction of its ‘Moove Cares’ initiative.

Unity Bank Plc has joined forces with SkillPaddy for its “Count Her In” tech Programme, which aims to empower over

Safaricom has introduced the “Grow with Safaricom Business” engagement platform for Micro, Small and Medium Enterprises (MSMEs). This platform will

Unity Bank Plc, a retail lender in Nigeria, has recently increased the prize money for winners of its Entrepreneurship Development

The International Trade Centre (ITC) and Microsoft Corporation have signed a letter of intent during the World Trade Organization Ministerial

Whogohost, the leading web hosting and domain name seller in Nigeria has rebranded and changed its name from Whogohost to

The director general of the World Trade Organisation, Ngozi Okonjo-Iweala, unveiled a $50 million fund on Sunday to assist female

We are pleased to announce that the mentors chosen for the third group of the Women in Clean Cooking Mentorship

The Clean Cooking Alliance (CCA), Sustainable Energy for All (SEforALL), and the Global Women’s Network for the Energy Transition (GWNET)

The Nigerian Communications Satellite (NIGCOMSAT) has taken a major step towards promoting technological innovation by officially launching its NIGCOMSAT Accelerator

After its initial announcement in January, Google’s Gemini AI-powered chat-like tool for Search Ads is now available for businesses across

Opera, in partnership with Celo and Mento Labs, has achieved a significant milestone by surpassing 1 million users of the

According to data from the Nigerian Inter-Bank Settlement System (NIBSS), POS transactions (Point of Sale transaction) in December 2023 reached

First City Monument Bank (FCMB) has recently launched the FCMB accelerator program aimed at enhancing the skills and growth of

In the ever-evolving landscape of technological advancements, the emergence of new fintechs equipped with cutting-edge AI, data, and machine learning

The PEBEC Business Champions Programme, an intervention initiative aimed at supporting Micro, Small, and Medium-sized Enterprises (MSMEs) in Nigeria, is

Bboxx, a data-driven super platform and advocate for economic empowerment in Africa, has taken a significant step towards enhancing financial

The Vice President, Kashim Shettima, has announced that President Tinubu is planning to create a top-notch fashion hub in Makurdi,

During the launch of the Expanded National MSME Clinic in Makurdi, Benue State, Vice President Kashim Shettima announced ambitious plans

President Bola Ahmed Tinubu’s commitment to enhancing the MSME sector in Nigeria is being upheld through various initiatives and partnerships.

Small and medium businesses are the backbone of the global economy, and this is no secret. They account for 90%

An official MSME training academy is set to be established in Nigeria by the Federal Ministry of Industry, Trade and

The $2.65 million pre-seed round has been raised by MAKA, the Nigerian e-commerce platform for fashion and beauty. Prominent investors

CcHUB, Africa’s largest innovation center, is excited to announce the appointment of Ojoma Ochai as its new Managing Director. This

Visa and Visa Foundation have recently made a series of announcements demonstrating their ongoing commitment to supporting small and micro

The top payments technology firm in Africa, Flutterwave, has announced that it has purchased money transfer licenses for 13 US

Today, Sumsub announced that South Africa, Nigeria, Kenya, and Ghana can now use its Non-Document Verification service. The launch, according

The FATE Foundation received a grant from The Coca-Cola Foundation to support the Orange Corners Nigeria (OCN) Programs. OCN is

9mobile and ALX Nigeria sponsored “Pitch Your Business” competition have produced a winner in the person of Judith Ekwunife. Nine

Grey, a fintech company founded by two Nigerians to make it easier for Africans to transfer and receive money abroad,

With the help of Mercy Corps Ventures and Chui Ventures, tappi, an end-to-end digital commerce SaaS solution designed for small

After completing Google’s Hustle Academy, 5,300 small and medium-sized businesses (SMBs) from South Africa, Kenya, and Nigeria have graduated. Since

Nigeria is the country with the second-lowest percentage of the global population without access to clean cooking solutions, after only

A N5 billion fund for businesses was presented yesterday in Abuja by the Small and Medium Enterprises Development Agency (SMEDAN)

The Honourable Minister of Communications Innovation and Digital Economy, Bosun Tijani, has launched the Startup Support and Engagement Portal, which

Following official approval, well-known African payment company Paystack expanded and started early access initiatives in Egypt, Rwanda, and Côte d’Ivoire.

A N10 million business grant has been given by retail lender Unity Bank Plc to thirty National Youth Service Corps

With the launch of PayPal USD (PYUSD) by Yellow Card (https://YellowCard.io/), the first fintech company on the continent, today represents

In collaboration with Seedstars, Zenith Bank has announced the opening of Zenith Bank Zecathon 3.0, a startup pitch competition. This

IBM has revealed that it is establishing a $500 million venture fund to finance a variety of AI businesses, from

While nine companies joined The Crunchbase Unicorn Board in October, the majority of the existing unicorn companies that raised additional funding last

The sports and technology company Mchezo and pawaPass, a regtech platform that offers user authentication and compliance solutions for African

Aleph Alpha, a German generative AI startup, announced today that it has completed a Series B investment round, successfully raising

According to Crunchbase data, global venture funding hit $21 billion in October 2023, a few billion dollars less than the

In an effort to promote expansion and financial inclusion throughout the African continent, Chipper Cash, a financial services provider with

MarketForce, a B2B e-commerce business, has concluded operations in three of its five African territories. The startup will now solely

The ECOWAS SME Partnership Conference and Exhibition was effectively conducted by the ECOWAS Commission in collaboration with the Nigeria Association

A report on the state of fintech sector and regtech activity in Nigeria was published by RegTech Africa & Agpaytech.

A prestigious IFC ScaleX award has been given to VC4A (https://VC4A.com/), the top platform that supports the startup scene in

Andela, the largest private marketplace for technical talent in the world, today unveiled the Andela Talent Cloud, an integrated, end-to-end

We are thrilled to present an invitation that could spark creativity and promote significant change. The revolutionary “UNI:NNOVATORS: Startups in

Co-Creation Hub and GIZ Make-IT in Africa are collaborating to implement the transformative “UNI:NNOVATORS: Startups in Residence Programme” in Nigeria,

The Google for Startups Growth Academy: AI for Health has announced the thirty global firms chosen for its 2023 cohort.

Cassava Technologies (https://www.CassavaTechnologies.com/), a pan-African technology group, has announced a collaboration with Atlas AI, an Artificial Intelligence (AI) analytics platform,

Twelve startups have been chosen for the second cohort of the FAST Accelerator startup programme, which was developed in collaboration with Microsoft to strengthen and expand Africa’s digital ecosystem. Flapmax is a leading provider of data and AI technology. FAST Accelerator’s cohort of 12 startups will move on to a 5-week comprehensive acceleration experience in Silicon Valley, California, starting in October, following the conclusion of its 2-week Online Bootcamp, which saw participation from 60+ tech companies in an intensive online training with experienced mentors. “Microsoft thinks that African startups and small and medium-sized firms (SMEs) are well-positioned to form the backbone of the continent’s digital economy, providing pertinent answers to regional societal and economic problems. These business owners’ participation in the FAST Accelerator programme would enable them to increase their market reach and seize development prospects, according to Mame-Fatou Gueye, SME Programme Manager, Microsoft Africa Transformation Office. Across a wide range of industry sectors, including financial services (128 applications), healthcare (95 applications), agriculture (235 applications), transportation & logistics (60 applications), clean technology & energy (57 applications), and creative media & entertainment (40 applications), the FAST Accelerator programme received more than 1200 applications from 35 African nations. The applicants represented a diverse range of cloud-based goods and services that cater to enterprises across Africa and use AI to spur innovation, improve productivity, and address pressing issues in their respective fields. The founder and CEO of Flapmax, Dr. Dave Ojika, stated: “At Flapmax, our objective is to build societally beneficial solutions that harness the power of AI to alter many industries through long-term relationships with startups, SMEs, and multinational companies. We are putting together a special combination of cutting-edge AI technologies, business development strategies, and global-scale growth prospects for Africa and other emerging regions in collaboration with technology partners like Microsoft and Intel. Our goal is to use AI as a catalyst to help startups and minority business owners grow their enterprises quickly and sustainably while also creating new job opportunities. Applicants for the FAST Accelerator 2023 (FA23) programme required to be based in Africa, be prepared to scale or expand on the continent, and have a proven product-market fit that addresses one or more of the Sustainable Development Goals (SDGs) of the United Nations. The following startups are part of the FA23 cohort: The FA23 cohort will take part in a wide

The Lagos Chapter of the National Association of Small and Medium Enterprises (NASME) will on Tuesday and Wednesday, September 19

The leading corporate messaging platform Sendchamp has been bought by Whogohost, the largest cloud solutions provider in West Africa. Businesses

Today, Futurize and AstraZeneca (www.AstraZeneca.com) made an official announcement about the beginning of FuturizeU, their ground-breaking HealthTech incubator program. The

A collection of partners in the Micro, Small and Medium Enterprises (MSME) space are preparing to implement several MSME-focused interventions,

Akinwumi Adesina, President of AfDB has unveiled a new $1 billion fund under YouthAdapt to accelerate climate funding for Africa’s

Mastercard held its first Mastercard Fintech Day in Accra, Ghana, marking a first for West Africa. The event, which brought together some of the continent’s most important players and thought leaders in the fintech industry, was a great success. Financial technology offers a chance to include underserved groups in the digital economy as the African fintech scene continues to grow at an unheard-of rate. The Mastercard Fintech Day The Mastercard Fintech Day event paved the way for ongoing partnerships and collaborations that will improve financial inclusion and open up new avenues for innovation in Ghana. Currently, fintechs fill the void created by conventional banks in Ghana by serving the requirements of the underbanked, unbanked, and wealthy populations. According to McKinsey’s report, fintech companies are giving their clients a lot of value. Their transactional solutions can be up to 80% less expensive than those offered by traditional players, and their interest rates on savings can be up to three times greater. Mastercard established a stronger relationship and chances for collaboration with the Ghanaian fintech community through the Fintech Day event, showcasing its broad skills and steadfast dedication to assisting the fintech environment in Ghana. Bossman Kwapong, the Country Director for Ghana at Mastercard, expressed his excitement about hosting the first-ever Mastercard Fintech Day in Ghana. “This occasion marks a crucial turning point in our quest to empower communities, advance financial inclusion, and encourage innovation. We can create new opportunities, promote economic growth, and alter how financial services are obtained and provided by collaborating with the fintech sector. By collaborating on solutions and providing access to their partners, knowledge, technologies, markets, and customers, Mastercard is assisting in accelerating this development and enabling fintechs to develop, launch, and expand. Mastercard offers the services and tools fintech innovators need at each stage of their journey to develop daring ideas and achieve scale at pace, bringing more people into the digital economy, through their best-in-class APIs and data assets as well as their trusted ecosystem of partners. The occasion offered guests an enlightening setting to see how the Mastercard digital ecosystem enabled fintech businesses to innovate and deliver cutting-edge goods and services. The event gave attendees from over 70 people and 50 fintechs a forum for discussion and idea exchange. This involvement was especially important in addressing the specific budgetary requirements of different population segments. Participants at the event discussed the adoption of contactless payment methods in the future, such as QR Pay-by-link and Tap on Phone, to provide a seamless payment experience. Attendees also learned more about the wide range of cutting-edge fintech products and solutions that are now on the market, enabling greater and easier access to financial experiences for everyone. Martin Kwame Awagah, president of The Ghana Fintech and Payment Association, expressed his genuine excitement for the Mastercard Fintech Day in Accra.

Five Nigerian transport and e-commerce startups have emerged from GIZ LoT 17 program. Seedstars and Lab of Tomorrow (LoT) announced

The African car-sharing and rental marketplace Treepz is one of 12 firms chosen to participate in this year’s VC4A Venture

The Nigerian Content Development and Monitoring Board (NCDMB), in collaboration with Founder Institute (FI), is set to launch 17 new

AWS Build Accelerator is intended to assist founders in making strategic decisions about their startup’s product development. Throughout the 10-week

Founders Factory Africa has raised an additional $114 million to expand its hybrid tech startup investing approach across the continent.

Emerging market startup platform leader VC4A has announced the 12 African growth stage startups chosen to participate in the 2023

Prembly, which describes itself as a top provider of infrastructure for compliance and security in Africa, has announced the acquisition of secure data exchange firm Tunnel. Through the incorporation of thorough financial data, this acquisition improves Prembly’s portfolio of security solutions and broadens its financial services capabilities while offering accurate identification verification. Tunnel, a provider of data infrastructure and analytics, has become a reputable partner in the credit and identification sectors by linking lenders with reliable data and environmentally friendly technologies. Customers can send money as rapidly as possible with the use of its innovative fintech product, PhoneCash. Businesses have access to a potent scaling tool thanks to the integration of Tunnel’s services, which makes it possible to obtain real-time consumer information from several sources using a single API. Prembly has strategically decided to incorporate Tunnel into its current identity verification solutions because it recognises the significance of financial data as an essential component of identity verification. “We are excited to announce the acquisition of Tunnel because we are aware of the distinct issues encountered across the markets. According to Lanre Ogungbe, CEO of Prembly, “This is in line with Prembly’s primary purpose to safeguard and empower businesses to prosper by delivering powerful compliance and security infrastructure. In order to enable customers to interact with various streams of financial solutions, Tunnel was created to make data accessible for regulated providers to access, utilise, and share. We are proud to join forces with Prembly, as we merge our solutions into an extensive compliance and security network,” said Tobi Okedeji, co-founder and CEO of Tunnel. With meaningful customer data and insights, in particular, this acquisition signals a push for corporate empowerment. As a result, Prembly’s operations are significantly altered, resulting in the development of an ecosystem ready to enhance data exchange and reduce risks through client verification. It signifies a significant turning point in the company’s development and confirms a strong commitment to encouraging strategic alliances and partnerships to increase service offerings.

Remedial Health, a Nigerian health tech firm, has created a solution that aims to improve the effectiveness of the pharmaceutical value chain in Africa. As of right now, the firm has raised $12 million in equity. In Africa neighbourhood pharmacies and proprietary patent medicine vendors (PPMVs), which are microbusinesses, account for 85% of retail drug purchases. 90% of store owners’ wholesale purchases are made in public markets, most of which are unsuited for the selling of food and medicine. In order to get the goods they need to stock their shelves, store owners must suffer pricey and time-consuming weekly order cycles that normally last two working days. These facts, along with a method of managing operations that relies primarily on paper, create a number of difficulties that limit profitability. Remedial Health, a Nigerian health tech firm, has created a solution to this problem that aims to improve the effectiveness of the pharmaceutical value chain in Africa. To further its service penetration in Nigeria and enable the supply of tailored financial services to help business growth across the nation’s pharmaceutical sector, the firm has now raised $12 million in an equity and debt fundraising round. The $8 million Series A equity investment was co-led by US fintech VC companies QED Investors and Ventures Platform. Since the pre-seed stage, the two have now contributed to Remedial Health’s fundraising at each subsequent round. Additionally, this investment is the first Series A investment made by Ventures Platform. Following their involvement in earlier rounds, Ycombinator, Tencent, and Gaingels all made investments. A group of national and international financial institutions took the lead in arranging the $4 million in loan financing. “Given the wider backdrop of the global finance crisis and the diverse spectrum of economic challenges in Nigeria, we are thrilled to have secured these monies. We are excited to use these funds to further our aim of building a tech-enabled, pharmacy-centered healthcare network because our sustained development has put us in a good position to do so. Remedial Health’s CEO and co-founder, Samuel Okwuada, remarked. Remedial Health provides the digital procurement infrastructure needed to support efficient healthcare distribution for Africa’s 1.2 million pharmacies at the nexus of healthcare, supply chain management, technology, and financial services. Beginning in Nigeria, Remedial Health has developed an efficient operating system for pharmaceutical buyers and suppliers, working with more than 300 manufacturers and providing services to more than 5,000 hospitals, pharmacies, and PPMVs throughout 34 of Nigeria’s 36 states. Regional hubs have been established to facilitate a seamless experience throughout the entire nation.

ARM Labs Lagos Techstars Accelerator 2023 This 90-day Techstars accelerator offers over USD 400k in support, connection to a global

Report on Innovations in Digitizing Health Supply Chains in Africa released by Salient Advisory, a healthcare consulting firm highlighting a

To solve the difficulties faced by SMEs in Fast Moving Consumer Goods FMCG sector, Mastercard, a major participant in the financial services industry, has partnered with Alerzo, the nation’s top technological service provider. By providing digital payment options, financial education, and loan access, this alliance intends to empower businesses, which will ultimately boost their viability and success in the market. Business of all sizes will be able to use digital payments more

In a remarkable effort to address inequalities and foster economic opportunities in underserved communities, Skill Up With Kahdsole (SUWK) is

In its quest to accelerate the growth and contribution of startups to the Nigerian economy, MTN this week hosted startup

Publish your business and your startup, products, services, offerings, events and achievements on BusinessTrumpet News and gain visibility, credibility, clients

Twenty (20) social innovators from across Africa have been selected by the Sahara Group Foundation (www.SaharaGroupFoundation.org), the corporate social sustainability

Propel, a human resources technology firm with offices in Nigeria, has acquired $2.74 million (€2.5 million) in seed funding to

Ayoba, Africa’s all-in-one app for communication, entertainment, and e-commerce, has collaborated with Adanian Labs to develop a SME Accelerator programme

A new platform for business brokerage services has been launched in Nigeria by Dobizness. The platform, known as Buy My

Do you want to take your startup to the next level, make a good impact, and cultivate diversity inside your

PalmPay, a prominent financial platform in Nigeria, recently introduced its newest product: a high yield savings option that gives users

With 25 million downloads of its app, a vast network of 500,000 mobile money agents, and 300,000 merchants participating in

Every year on June 27th, the world celebrates International Micro, Small, and Medium Enterprises (MSME) Day to emphasize the importance

A new partnership between Google Cloud and Moniepoint, a business banking platform with an emphasis on Africa that offers financial

The Nigeria’s Zone founders, Obi Emetarom, Emeka Emetarom, and Wale Onawunmi, were among the 11 new high-impact entrepreneurs chosen by

The highly anticipated 21 Days of Y’ello Care campaign, which will run from June 1 to June 21, 2023, has

After five years of impacting lives and businesses in the country, CashToken Rewards Africa Limited (https://CashTokenReward.com/), the Nigerian RewardTech company

As it develops operations in the biggest economy in the East African Community, Kenya is the choice of Nigerian Fintech

CcHub is excited to invite you to our upcoming Product Showcase event on Tuesday, May 16th, 2023, where we will be featuring VarsityScape, the all-in-one ecosystem

Zindi, Africa’s premier professional network for data science, is slated to join AI Expo Africa 2023 as a premium sponsor

In the third quarter of this year, Mecho Autotech (“Mecho”) (www.MechoAutotech.com), a Nigerian platform that offers worldwide automotive spare parts

For the creation of the Africa Fintech Hub, an online site that will act as a one-stop shop for all

Following the official launch of SpaceX’s Starlink in the East African nation, Payday, the largest Pan-African neobank issuing global (USD,

In order to strengthen its position in North Africa and support the business’ ongoing growth, AutoTager, an Egyptian automotive technology

WhiteBIT is opening its cryptocurrency exchange in Nigeria, and looking forward to establishing a connection with Nigerians so that they

The largest Pan-African cryptocurrency exchange, Yellow Card (YellowCard.io), has announced the introduction of its new Payments API. Businesses will be

CcHub invites you to the community training sessions for the Fashionomics Africa Incubator and Accelerator. In each of the two

Businesses in Africa are the target market for a new line of business loans offered by Nigerian fintech firm Moni.

A logistics and delivery business called Fez Delivery announced its $1 million seed investment. Acasia Ventures (formerly Cairo Angels), Voltron

For active members of the Tekedia Capital Syndicate, Tekedia Capital is introducing a unique investing and portfolio management program in

In order to assist its continuous growth and expansion, Robert Granados, a veteran of the US automotive industry and pioneer

As the digital lender seeks to expand its financial services offering to merchants, PayForce (a sub-brand of YC-backed CrowdForce), a

With your startup idea, how do you create a minimal viable product (MVP)? Michael demonstrates how to choose your initial

Yabx technologies has expanded operations into the Nigerian ecosystem. The startup intends to offer banks and Nigeria’s new-to-credit sectors digital

A new US$95 million Seed Fund has been unveiled by Flat6Labs (www.Flat6Labs.com), the top seed investor in MENA, to support

On Thursday, March 23, 2023, Catalyst 8.0: “Revolutionary Technology And The Future Of African Startups” will be held by Co-Creation

Leading logistics and delivery services provider, Kabo, is happy to announce the launch of its brand-new bicycle last mile delivery

Small and medium-sized companies (SMMEs) are demonstrating that they are the engines of economic growth and job creation throughout the

The largest innovation and incubation hub in Africa, Co-Creation Hub (CcHUB), has announced the introduction of an accelerator program for

To help SMEs lower the risk of cyberattacks, Mastercard has teamed with NowNow, a Nigerian startup that specializes in digital

Startupbootcamp AfriTech, with the help of its partners, will launch Cohort 3 of the ASIP Accelerator Program on February 20,

Despite the 2022 VC downturn, young unicorn funding is still strong.Even though startup prices declined last year, fresh unicorns still

The company founders were chosen after participating in TECA’s fellowship program, where they received assistance in developing concepts for businesses

Umba, a pan-African digital bank that last year purchased Kenya’s Daraja Microfinance Bank, has formally begun operating there. Despite solely

With the addition of a new track called Incubator, where early-stage startups are invited to further develop innovations, Volvo Group

IDT Corporation, a global provider of cloud communications, traditional communications, and fintech services, declared today that it is renaming its

The first cohort of the ARM Labs Lagos Techstars Accelerator, a Lagos-based initiative to develop early-stage African fintech and proptech

IFC has announced a partnership with Union Bank of Nigeria Plc to assist the bank in expanding lending to hundreds

A investment round led by BITKRAFT Ventures and including Andreessen Horowitz (a16z), TTV Capital, Alumni Ventures, Lateral Capital, Kepple Ventures,

Ride-hailing business Bolt has teamed with Nigerian financial company CredPal to provide its consumers ride-now pay-later services. Customers must first

TeamApt has rebranded to Moniepoint as a testament to its success as the all-in-one digital banking solution for businesses throughout

According to a survey by The Big Deal, a research group that tracks startups on the continent, African firms with

10 entrepreneurs developing solutions to strengthen the resilience of climate-vulnerable populations in Africa will receive a $2 million investment from

YouTube has announced the launch of a new revenue-sharing model on Shorts, which will go into effect on February 1,

On 1st January 2023, The Tony Elumelu Foundation entrepreneurship programme’s application will commence and Entrepreneurs are invited to apply HERE

As of December 2022, MTN has amassed an impressive 20 million monthly active users in collaboration with ayoba, Africa’s Super

Aruwa Capital, a growth equity and early-stage investor, has announced a $2.5 million investment round for Nigerian online retailer Taeillo.

A pan-African early-stage venture capital firm called Ventures Platform today announced the final closing of its international fund, which totaled

Anza Investment Readiness Accelerator Programme Anza provides growth-stage business owners with access to inexpensive, risk-tolerant finance for the rest of

According to data from a Nigerian poll, 33% of IT decision-makers in Nigeria and 34% of them aim to relocate

The Tony Elumelu Foundation, Africa’s leading and largest entrepreneurship foundation and business catalyst, today released the list of entrepreneurs and

According to Ifeyinwa Ugochukwu, the CEO of the Tony Elumelu Foundation, TEF has disbursed well over $85m to over 18,000

The Nigerian Content Development and Monitoring Board (NCDMB) has started educating 500 Bayelsa State youths on GSM phone technology in

An oversubscribed pre-seed fundraising round netted $670,000 for VENCO, a technology business that offers solutions to improve living conditions in

NopeaRide, the first fully-electric taxi company that has been in operation since 2018 is folding up its business in Kenya, after failing

Nigerian food-tech platform Orda announced has raised a $3.4 million seed round to further digitize food businesses across the continent. Orda, which

Nigerian fintech startup, Pivo, has closed a $2 million seed round that included participation from Precursor Ventures, Vested World, Y

Autochek, the automotive technology startup making car ownership more accessible and affordable across Africa, has announced the launch of Autochek

Flapmax (www.Flapmax.com) announced today the launch of AI Builders Garage, a global on- and offline platform designed to help young entrepreneurs

Following the success of the MultiChoice (www.MultiChoice.com) Africa Accelerator (https://bit.ly/3OtthRz) Programme, which secured $16 million (USD) of funding for six emerging

Two African startups, BleagLee and LiquidGold in addition to Ryp Labs, Earthly, Koltiva have been announced as winners of the

City rankings by the number of Unicorns, Exits, Pantheons, and Influencers; Most Recent Industry Reports; Somalia’s startup ecosystem; CrunchBase Exclusive

It’s now emerging that the collapse of American crypto platform FTX last week has had an impact on Nigeria’s Web3 startup Nestcoin,

PalmPay (www.PalmPay.com), a fintech innovator aiming to make digital payment more accessible and flexible, has obtained a compliance status on

Three Nigerian fintech startups DT2 Technologies, Bunce and ShipBubble are among the nine African startups selected for the €7.5 million Startup Wise

Social impact investor and worldwide cooperative Oikocredit is providing a three-year term loan of $1 million to Standard Life Organisation,

Twenty African youth-led enterprises have won grant funding of up to $100,000 each in this year’s African Youth Adaptation Solutions

In this interview, the Business Director/Chief Operating Officer of Fonbol Energy Services, Mr. Idris Fonahanmi, shares the vision and activities

Ecobank Group (www.Ecobank.com) is proud to announce that Touch and Pay a Nigeria-based fintech has won the 2022 edition of

The African Development Bank (www.AfDB.org) has launched a multinational project to create jobs and improve livelihoods for youth in three

The U.S. Trade and Development Agency (USTDA) announced it has awarded a grant to Nigeria’s Mobihealthcare (Mobihealth) for a feasibility

LHoFT has announced the 15 fintech startups that have been selected to participate in the fifth edition of the CATAPULT: Inclusion

A record 29 cities across Africa and beyond will play host in November to a physical gathering of investors, in

Union Bank of Nigeria “Union Bank” has announced the first banking partnership with globally recognised telehealth services company Mobihealth International

Some of Africa’s newest business success stores are gaming start-ups. Much of Africa’s economy is stable and the gaming culture

The six finalists were chosen following extremely strong competition from over 700 fintechs from 59 countries; Grand Finale to be

Nigerian health-tech startup Lifestores Healthcare has raised $3M for expansion across the country in a pre-Series A funding round. The

Alibaba Global Initiatives (AGI), a professional training arm of Alibaba Group (https://www.AlibabaGroup.com/), today enrolled the second class of more than

Vella had initially launched to provide a platform that powers crypto infrastructure and spending ability in Africa. With this iteration, the

Experts at the WTO Public Forum deliberate on greening micro, small and medium-sized enterprises to harness the benefits of the

OmniBiz, a platform digitizing the essential goods ecosystem has announced a brand refresh. The refresh reaffirms OmniBiz’s commitment to digitizing

Nigerian blockchain payments startup Bitmama announced a pre-seed extension of $1.65 million, adding to the $350,000 it received last October, thus

More startups scale up to serve freelance and contract workers Freelancers and contract workers now make up a vast and

Flutterwave merchants can now process payments in eNaira, the Nigerian digital currency issued and distributed by the Central Bank of

300 women from across Africa have graduated from Binance’s First Blockchain Bootcamp which kicked off in March 2022. The women were selected from

On August 30th, the SIBC officially launched its6th edition, welcoming the 43 entrepreneurs selected for the 2022 cohort. These social and inclusive

Nigerian fintech startup NowNow Digital Systems has raised  $13M in its seed round for expansion across Africa. The company was

The federal government has concluded plans train 2,000 residents in Nasarawa on various skills as part of its commitment to lift 100

Duplo, a business-to-business payment platform that makes it easier for African businesses of all sizes to pay each other, has

Today’s generation do everything from ordering meals to scheduling doctor’s appointments on their mobile phones or online. To better meet

Anchor (https://getAnchor.co/), a banking-as-a-service (BaaS) platform making it possible to seamlessly build financial products in Africa announces its public beta

There is a growing number of startups across Africa that are helping to connect manufacturers with wholesalers and retailers. Nigeria’s

As part of its Global Youth Initiative, Nestlé has launched the Nestlé Youth Entrepreneurship Platform (YEP), a new digital platform

The Dutch Entrepreneurial Development Bank (FMO) (https://www.FMO.nl), a leading impact investor that supports sustainable private sector growth in frontier markets,

The Edo Agric Digital Innovation Hub is a new virtual hub made up of a group of organisations with complementary

Kwik (https://Kwik.delivery) announces today that it officially launched its innovative and award-winning just-in-time delivery solutions to merchants, entrepreneurs, businesses, government agencies

The Venture Lab at The American University in Cairo (AUC) was recognized as the Best Accelerator in Africa at the inaugural Global Startup

The August edition of the CcHUB community Product Showcase is here! For this edition, we will be hosting Akinniran Oke, the founder of Hremsoft. This

TeamApt has just completed a financing round and brought onboard one of the world’s largest fintech specialists, QED Investors. With

Yellow Card Financial is proud to announce its new payment feature – Yellow Pay. This innovative solution will make it easier

Klasha, a Lagos and San Francisco -based technology company transforming cross-border African commerce has appointed Ayman Jawhar as its Chief Product Officer.

EdTech innovators will showcase their products, polished or work in progress, and the community will contribute by giving insightful feedback.

Seedstars has announced plans to invest in 100 more startups through its second emerging market seed-stage fund, called Seedstars International Ventures

Kwik is expanding its offer of digital services today with the launch of KwikStore –  adding yet another exciting service to

Applications are open for the third cohort of the Africa Digital Accelerator program sponsored by SME Growth Lab AFRICA. Through this program,

Women’s World Banking and the UN Capital Development Fund today announced the launch of the Women’s Digital Financial Inclusion (WDFI) Advocacy Hub, a

African Women Innovation and Entrepreneurship Forum (AWIEF) is partnering with the African Development Bank Group Affirmative Finance Action for Women in Africa

Bloc, Nigeria’s full-service FinTech and Banking as a Service infrastructure provider, announces its acquisition of Getwallets, the wallets-as-a-service provider that

In the Global Startup Ecosystem Index 2022, we have introduced for the first time the country rankings by Absolute Power. This

The British International Investment (BII) and INOKS Capital announced first-of-its-kind Africa-focused Trade Access Programme (TAP), to help to increase needed

Clintonel Advanced Engineering Centre (AEC) Aba has received the prestigious national award as the Most Outstanding MSME in Nigeria 2022,

Nigerian lender, Unity Bank Plc has doled out a N10 million business grant to 30 corps members who emerged the winners

In observation of UN Micro, Small and Medium-sized Enterprises (MSME) Day, today 27 June, we highlight small businesses that are

Startup Ecosystems in Africa received the least funding compared to their counterparts in China, Isreal, USA and Europe. This is

In furtherance of the need to empower female business owners across the country, The ELOY Foundation, in partnership with FirstBank

27 June 2022. TLcom, the Africa-focused venture capital firm, has appointed Eloho Omame as a Partner, bolstering its capabilities as

Nigerian at-home lab testing startup HealthTracka has raised US$1.5 million in funding to expand its operations into Kenya and Ghana.

Wimbart, the London-based Public Relations agency specializing in Africa and emerging markets, has launched the fourth edition of its Office

Afrilabs has announced the selected winners of the AfriLabs Virtual Meetup Grant – series 7. Three hubs across Africa including

Nigerian fintech firm VeendHQ announced it has secured $330k pre-seed fund, backed by Magic Fund, The Oak Capital, Future Africa,

We are thrilled to announce our new partnership with the Affirmative Finance Action for Women in Africa (AFAWA) initiative of the African Development Bank

WhatsApp has announced the launch of the WhatsAppreneurs campaign, profiling small entrepreneurs from Africa who are using the WhatsApp Business

This year’s Global Startup Ecosystem Index highlights some interesting shifts in the global top 10 cities for startups. Below you can find

Flutterwave, Africa’s leading payments technology company has announced the appointment of Oneal Bhambani as its new Chief Financial Officer (CFO) Bhambani joins the Nigerian fintech

Co-creation Hub (CcHUB) has partnered with Pan African University Life and Earth Sciences Institute (PAULESI) and De Montfort University Leicester (DMU) in efforts to

Constant Ventures, a part of the Constant Group, is raising a $100 million venture capital fund to invest across a

Application Deadline: June 30, 2022 Suitable start-ups to be funded through develoPPP Ventures are being selected during an open ideas

Application Deadline: 17th June 2022 Beer Garage Accelerator is a program by Beer Garage – Global tech innovation hub of AB

Application Deadline: May 31, 2022 Regardless of your industry, data protection, privacy, security, and compliance are critical to a startup’s

Nigerian fintech startup Grey has announced the launch of its service to East Africa starting with Kenya in partnership with

CCHUB is excited to announce the offering of free Co-working spaces to entrepreneurs and professionals building innovative businesses and projects in

African merchants encounter many challenges when it comes to international shipping, ranging from logistics and customs to hidden and excessive

Nigerian entrepreneur Mustapha Gajibo has been converting petrol mini-buses into electric vehicles at his workshop, but he is now going

Application Deadline:  15 July 2022.  The African Fact-Checking Awards, the longest-running awards programme honouring fact-checking journalism by the media in

The Food and Agriculture Organization of the United Nations (FAO) and the World Food Forum (WFF) have launched the WFF’s

Nominations are now open for the 2022 edition of the prestigious AWIEF (www.AWIEForum.org) Awards, which recognise, honour and celebrate women

Viva Technology and the International Finance Corporation (IFC) announced the top 45 start-ups that have been long-listed for the first edition

African digital payments company DPO Group has added a new form of payment that will allow merchants in Nigeria to

Despite growth, crypto-corn sector not immune to macro trends Crypto sometimes seems like the darling of venture capital—impervious to a

The Board of Directors of the African Development Bank (www.AfDB.org) has approved an equity investment of €9.8 million to support

Application Deadline: April 15th, 2022 Because Quickteller understands the work that goes into building a business, Quickteller will like to

Nigerian fintech startup ImaliPay has closed $3 million seed funding round to bring financial services to gig workers. Founded in late 2020 in Nigeria,

Asia venture funding falls after record 2021 The venture market in Asia is not immune to the decline in funding

Tiger roars into the lead as top startup investors scale back While the top startup investors globally are still spending,

Application Deadline: May 15th, 2022 The world has already invented products and services to end poverty. Yet we have found

The number of POS terminals in Nigeria grew from 150,000 in 2017 to 543,000 in April 2021, according to Statista. During that

Based on a sample of nearly 100,000 entities on the StartupBlink map, we can pinpoint interesting trends related to core

Egypt’s on-demand bus-hailing company Swvl has announced a new partnership with African fintech mobility startup Moove to scale Moove’s revenue-based vehicle financing

Last year we took ten startups from across the continent through the three-month Telecel Group Africa Startup Initiative Program (ASIP).

The LHoFT Foundation has announced the 10 African fintech startups that will take part in the special edition of CATAPULT:

Application Deadline: March 25th, 2022 Oxfam believes SMEs have the potential to contribute to sustainable growth through increased employment, higher

Application Deadline: April 10th, 2022 UNLEASH Plus is a global 6-month incubation program for entrepreneurs working on social or environmental

Google and the Tony Elumelu Foundation (TEF) have announced an inaugural Google.org Fellowship to provide 1 million more people in

Application Deadline: April 1st, 2022 Launching in early 2021, the Market-Creating Innovation (MCI) Bootcamp is an eight-session curriculum designed to

Google has announced the 15 African startups that have been selected for its Startups Accelerator Africa Class 7 programme. The

Application Deadline: March 25th, 2022 VivaTech, with support from the International Finance Corporation (IFC), launched the first edition of the AfricaTech

Global financial transactions are facilitated mainly by payment processors such as Visa or Mastercard. They are responsible for communication between

Application Deadline: May 31, 2022, The World Innovation Summit for Health (WISH) has opened applications for the 2022 cycle of

Application Deadline:  April 15, 2022. The WE Empower UN SDG Challenge is the first-of-its-kind global competition for social entrepreneurs who

African Tech Vision, a non-profit-organization supporting early-stage female tech founders, has announced 26 startups that will be joining its 2nd

pplication Deadline: May 31, 2022. Through its WIA 54 programme, WIA is committed to supporting 10,000 African women entrepreneurs by

Application Deadline: March 18, 2022 Applications are open for the second DFS Labs Blockchain Bootcamp, designed to give early to mid-stage

Application Deadline: March 5th, 2022 Hackaholics 3.0 is centered around exploring the possibilities of Emerging Technologies (NFTs, Metaverse, Blockchain, AR,

Ukraine conflict could further rankle supply of chips and funding Last year set a record for venture funding to semiconductor

GIZ Accelerator Program for Climate Change Innovations GIZ and partners are seeking to support climate change innovators in Benin, Niger

Application Deadline: March 11th, 2022 The GrowthAfrica Accelerator is a 6-months support programme that guides you in understanding all components

The coalition for a sustainable and inclusive recovery of the private sector ( https://bit.ly/3oV8zOV), an international group of 20 development finance institutions that

Four African fintech startups have been selected to join the tenth cohort of the Catalyst Fund accelerator. The startups are among the

We are excited to announce the first edition of the Creative Business Series by the Creative Economy Practice at CcHUB. The Series

The deadline for receiving applications is: 24 February. APPLY This is an opportunity provided by the Environment, Health & Resilience

Earnipay, a financial technology solution that provides flexible and on-demand salary access to income-earners, has closed a Seed round of

SAIS Investment Readiness Programme 2022 – Farmed Animal Tech Start-upsThe Investment Readiness Programme by GIZ and the Bill & Melinda

Healthtech startup Remedial Health has raised $1 million in pre-seed funding to digitize neighbourhood pharmacies across Africa starting with Nigeria. 

Moove, the African mobility fintech, has partnered with CFAO Motors and purchased over 5,000 brand-new, fuel-efficient Suzuki vehicles for its mobility

Nigeria has more than 12 million registered vehicles, and approximately 90% of them are used cars that need frequent checkups to

Google has announced the launch of a new academy to offer free training to small and medium enterprises (SMEs) and

Application Deadline: March 4th, 2022 The Creative Economy Practice at CcHUB has launched a call for applications for Createch Accelerator 1.0. The

Application Deadline: March 13th 2022 The Westerwelle Young Founders Programme (YFP) is a six-month fellowship for 25 leaders uplifting emerging

Nexford University, the Washington D.C.-based next generation university platform, has announced the Nigerian launch of its global mentorship program –

Application Deadline:March 21, 2022 The Next Generation Women Leaders EMEA (Europe, Middle East, and Africa) Program kicks off with a

Application Deadline:27th of February 2022. The professional certificate programmes are 3-6 month-long, fully online. You can learn from anywhere, at

Application Deadline: 11 February 2022 ImpactAim SDGs Tech PreAccelerator powered by UNDP, Seedstars, and Financial Times is a 15-day intensive

Application Deadline: March 4th, 2022 The effects of climate change have birthed a consistent global drive to disrupt energy consumption

Casava, Nigeria’s digital insurance company has secured $4 million in pre-seed funding to provide affordable and accessible insurance products for

Junior Achievement (JA) Africa and The Richer Media Limited have signed a partnership to produce The Junior Billionaires Club TM (JBC), an animated