Endeavor has announced that the three co-founders of Field – that is Michael Moreland, Justin Lorenzon, and Peter Bunor – have been selected as Endeavor Entrepreneurs at the 26th Virtual International Selection Panel (vISP) held [c]
Less than 6 months after the first close of its $40 million fund, through which it has already invested in 10 of the most promising startups in Africa, pan-African VC firm, Ventures Platform has announced [c]
Africa’s biggest reality TV show, Big Brother Naija, is returning for the seventh season. Announcing its return, MultiChoice Nigeria has called for entries through online auditions which open on Sunday, 15 May and close 2 [c]
The countdown to Africa’s biggest and most prestigious celebration of film and television talent is officially on. Ahead of the awards tonight – that is on Saturday, 14 May – Africa Magic has unveiled top [c]
Africa Magic in association with MultiChoice have announced the hosts for the eighth edition of the Africa Magic Viewers’ Choice Awards, set to hold on May 14, 2022, in Lagos, Nigeria. The multi-talented Nigerian media [c]
Annual smartphone sales in Nigeria grew by 81% YoY in 2021, according to Counterpoint Research’s Global Monthly Handset Sales Tracker. Nigeria’s smartphone market entered a slowdown in early 2020 amid pandemic restrictions. However, the market [c]
Seeking innovative ways to generate agribusiness opportunities for young African entrepreneurs, Heifer International announced today that it is investing $1 million in the tractor booking platform, Hello Tractor, to provide loans for tractor purchases – [c]
Eden Life, Africa’s first home concierge services scheduling platform, has acquired Lynk, the former technology company connecting informal workers to job opportunities across Kenya. The strategic acquisition, brokered by Enza Capital, sees Eden Life expand [c]
A fraud gang suspected of swindling a US-based company out of about EUR 455,000 (about $495,950) has been taken down in raids across Johannesburg, South Africa led by investigators from the country’s Hawks Serious Commercial [c]
Nominees for the eighth edition of the Africa Magic Viewers’ Choice Awards (AMVCAs) have been revealed. Announcing the nominees were Nollywood actors, AdesuaEtomi-Wellington and Daniel Etim-Effiong during a special live broadcast, which aired on all Africa Magic channels [c]
Carolyna Hutchings, Laura Ikeji, Chioma Ikokwu, Toyin Lawani-Adebayo, Iyabo Ojo & Mariam Timmer unveiled as cast The Real Housewives of Lagos (RHOLagos) will debut exclusively on Showmax on 8 April 2022, with new episodes every Friday. [c]
Moove, the mobility fintech which provides revenue-based financing to mobility entrepreneurs across Africa, has raised $105 million in an oversubscribed Series A2 round consisting of equity and debt. The round is led by existing investors, [c]
Africa Magic, the continent’s leading provider of local entertainment content, has announced the appointment of Nigerian filmmaker, Victor Okhai, as Head Judge of the eighth Africa Magic Viewers’ Choice Awards (AMVCAs), billed to hold later [c]
MarketForce, the Nairobi-headquartered B2B platform for retail distribution of consumer goods and digital financial services in Africa, has announced the closing of a $40 million Series A round, the largest Series A round of it’s [c]
Stitch, the API fintech company, has announced a $21 million Series A funding round, led by The Spruce House Partnership. Stitch will use the funding to continue building the future of money movement by linking bank [c]
Moove, an African mobility fintech, has partnered with CFAO Motors, a department of CFAO Automotive, Africa’s largest automotive distribution network with a presence in 36 countries, to buy over 5,000 brand-new, fuel-efficient Suzuki vehicles for [c]
The National Information Technology Development Agency of Nigeria (NITDA) has recognised Cellulant Nigeria among the 2020-2021 NDPR Audit Compliant Organisations. NITDA was created in April 2001 to implement the Nigerian Information Technology Policy and coordinate [c]
Casava, Nigeria’s wholly 100% digital insurance company, has secured $4 million in pre-seed funding to provide affordable and accessible insurance products for millions of Nigerians. Starting with income protection and health insurance, the insurtech startup [c]
The Government of Bayelsa State, Nigeria and Zipline, the global provider of instant logistics solutions to use Zipline’s drone technology to deliver essential medicines, blood and other medical commodities to health facilities within the state. [c]
NBK Capital Partners Mezzanine Fund II has announced that it closed a $10 million financing facility with Uber’s exclusive vehicle supply partner in Africa, the mobility fintech Moove. The asset-backed venture debt marks the sixth [c]
AFEX, Nigeria’s commodities market player and the country’s first private sector commodities exchange, has announced the reopening of its $240 million (₦100 billion) Asset-Backed Commercial Paper (ABCP) to help stabilize Nigeria’s agriculture sector by offering [c]
YouTube has revealed the names of African creators who have been selected to join a global cohort of 135 from around the world, in its flagship #YouTubeBlack Voices Fund initiative. The fund focuses on investing [c]
As African enterprises continue their digital transformation initiatives accelerated by the pandemic, talent is once again in the spotlight. World Bank data suggests more than 230 million jobs in Africa will require digital skills by the [c]
One Payment, a subsidiary of DPO Group, has been granted a license by the Central Bank of Nigeria to provide certain types of payments services to businesses in Nigeria. The license enables the DPO Group [c]
The Nigerian Police Force (NPF) has arrested 11 alleged members of a prolific cybercrime network as part of a national police crackdown coordinated together with INTERPOL. Arrested by officers of the NPF Cybercrime Police Unit [c]
The availability of domestic credit is a key requirement for consistent economic growth in developing countries. The vitality of financial services such as banking, savings, debt and equity financing, investment management, and point-of-sale lending is [c]
Kwik Delivery, the brand name of Nigeria-based Africa Delivery Technologies, has announced that its Gross Merchandise Value (GMV) and revenue for 2021 grew by over 400% year-on-year. The platform also reached 100,000 B2B users. Kwik [c]
The Africa Cup of Nations (AFCON) is less than a couple of weeks away, and the organisers have denied all news of the postponement. The continent’s best teams will meet in Cameroon to decide who [c]
Trove Finance, a Nigerian-based global share dealing app, is the winner of the fourth edition of the annual Ecobank Fintech Challenge. The winner was announced at the grand finale on December 9, 2021. The Ecobank [c]
Flutterwave, the Nigeria-based payments technology company, has announced Grammy Award-winning global artist, Ayodeji Ibrahim Balogun, popularly, aka Wizkid, as its Global Brand Ambassador. Flutterwave also announces the launch of Send, a remittance solution, aimed to [c]
54gene, the health technology company advancing African genomics research for improved global health outcomes, has announced the launch of its diagnostic arm; 7RiverLabs. The diagnostic hubs fitted with state-of-the-art technology will offer healthcare providers and [c]
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