The Surge in African Start-Up Funding: What It Means for the Future
In a remarkable turn of events, African start-ups achieved an unprecedented milestone in July 2024, raising $420 million—marking the highest…
Tag: startup
IMF Grants Ethiopia $3.4 Billion Loan Amid Currency Floating
Ethiopia has received a $3.4 billion loan from the International Monetary Fund (IMF) after deciding to let its currency’s value…
Court Dismisses MultiChoice Nigeria Suit Amid Controversy Over Subscription Fee Hikes
On Monday, July 29, 2024, Barrister Festus Onifade withdrew his legal case against MultiChoice Nigeria Limited, a South African-based pay-TV…
Kenya’s Finance Bill 2024: Economic and Technological Implications
Kenya has in the past few days faced civil unrest as its Gen Z citizens protest against the proposed Finance…
Building the Future: African Startups and the Lessons of the Dot-Com Era
One of the most remarkable periods in recent history is the dot-com boom and subsequent crash in the late 1990s.…
Ethiopia’s First Stock Exchange Gets Massive Response from Investors
Ethiopia’s new stock exchange, the Ethiopian Securities Exchange (ESX), has been a big hit with investors. The exchange was able…
Huawei Gives Nigerian Startups $10 Million in Free Cloud Credits to Boost Its Business
Huawei, a big Chinese tech company, is trying to grow its cloud business in Nigeria and get a good share…
Mastercard Expands Payment Solutions in Africa Through Open Banking Collaboration with Mono
In a move to bolster digital payment capabilities across Africa, global payments giant Mastercard has entered into a strategic partnership…
Nigerian Fintech Thepeer Shutters Operations, Citing Compliance Hurdles and Lagging Adoption
In a sobering reality check for Nigeria’s fintech ecosystem, Thepeer, a promising API startup that raised $2.1 million in seed…
Canva Acquires UK Graphic Design Suite Affinity in Major Industry Move
In a major development that shook up the digital design software landscape, Australian design platform Canva announced on March 26th…