From Lagos to Nairobi

Axian Telecom has reported a strong performance for the first quarter of 2025, with significant contribution from its operation in Tanzania and Madagascar, The company, which operates mobile and fixed telecom services across several African and Indian Ocean markets, highlighted robust revenue growth, improved profitability, and expanding subsriber bases in these two key regions. In…

Why Nigerian Startups Need Affordable Website Hosting Nigeria’s economy continues expanding, with countless entrepreneurs and small businesses establishing their online presence. However, the cost of web hosting in Nigeria is one of the most expensive in the world, and this is due to the lack of competition and the international spending restrictions set by the…

The exit follows OmniRetail’s recent $20 million Series A raise, which saw participation from 64-year-old manufacturing titan, Flour Mills of Nigeria, alongside other backers. This partial exit marks Silverbacks’ ninth profitable exit.  Founded in 2019, OmniRetail links 150,000 retailers with 5,800 distributors and fast-moving consumer goods (FMCG) manufacturers through its e-commerce platform. Twice dubbed Africa’s…

Meta, in collaboration with Nigeria’s Federal Government (FG), has launched the ”Llama Accelerator Programme” to harness AI for addressing national challenges. The initiative focuses on fostering the development and deployment of solutions powered by Meta’s open-source large language model, Llama3. It aims to support local startups, developers, and researchers in building AI-powered products that tackle…

As Nigeria embraces the potential of Artificial Intelligence (AI) to drive development across sectors like health, education, agriculture, and fianance, a critical conversation is emerging around the frameworks needed is to guide its deployment. While AI offers transformative possibilities__such as automating processes, improving decision-making, and boosting productivity__it also presents significant risks if left unchecked. Governance…

Nigeria has inaugurated the Digital Innovation and Entreprenuership Park in Abuja as part of its strategic efforts to build a $1 trillion technology-driven economy by 2030. Commisioned by President Bola Ahmed Tinubu, the park is a major milestone to fostering innovation , entrepreneurship, and digital skills development. The park, spearheaded by the National Information Technology…