From Lagos to Nairobi

The U.S. African Development Foundation (USADF) has cut $51 million in funding meant for African SMEs and startups across 22 countries, including Nigeria and Kenya—the program’s largest beneficiaries. The move, led by the Department of Government Efficiency (DOGE), a Trump-era agency now headed by Elon Musk, affects hundreds of small businesses, especially those in agriculture…

Nigeria’s startup ecosystem is booming, with Lagos emerging as a leading African tech hub. The country has attracted significant investments, producing unicorns like Flutterwave and PiggyVest. Here’s a summary of 10 top investors driving this growth, based on the article from Tech in Africa: 1. Acuity Venture Partners: Focuses on early-stage startups with a data-driven…

Uganda’s employment laws are structured to protect workers and ensure businesses operate within legal frameworks. The key legislation includes the Employment Act of 2006, which governs contracts, wages, leave policies, and workplace safety. Other supporting laws address unions, compensation for injuries, occupational safety, and retirement benefits. Employees in Uganda are entitled to fair pay, regulated…

Mafab Communications has once again missed its promised Q1 2025 deadline to roll out 5G services in Nigeria, despite earlier pledges to go live in Kano and Abuja. With zero operational sites out of the planned 102, the telecom operator continues a pattern of missed targets since acquiring a $273 million 5G license in 2021….

Artificial Intelligence (AI) is driving major shifts in how businesses operate across Nigeria and beyond, helping them cut operational costs, boost productivity, and unlock new revenue streams. From startups like Auroraweb3, which quadrupled its revenue after adopting AI tools like ChatGPT and Claude, to recruitment platforms like Techlerator and MyJobMag, companies are seeing real gains…

Visa has named John Njoroge as its new Country Manager for Kenya, South Sudan, and Somalia, reinforcing its leadership in East Africa. In this role, Njoroge will report to Chad S. Pollock and focus on advancing financial inclusion and innovation across the region. Expressing gratitude for the support received, Njoroge shared his excitement about this…