From Lagos to Nairobi

African growth-stage businesses are set to benefit from a significant injection of capital following the first close of €41 million by investment firm Investisseurs & Partenaires (I&P). The fund, aimed at addressing the continent’s persistent growth-stage financing gap, will support promising companies poised to scale while driving job creation and economic development. The new capital…

Nigeria’s innovative youth-led startup Smartgenix has been named the grand prize winner at the 15th edition of the Junior Achievement (JA) Africa Company of the Year Competition, solidifying its status as a leading example of young entrepreneurial talent on the continent. The competition, which brings together student-run businesses from across Africa, celebrates innovation, business acumen,…

African fintech startup Roam has announced a groundbreaking move to include everyday investors in its latest funding round, aiming to raise $20 million in a pre-Series B round. This initiative signals a shift in startup financing across the continent, making investment opportunities previously reserved for venture capitalists and high-net-worth individuals accessible to a broader audience….

Ride-hailing platform Bolt has released new insights indicating a steady rise in airport-bound trips across major Nigerian cities, despite increasing concerns about insecurity and travel-related risks. The data, drawn from millions of rides on the platform, highlights a shift in commuter behavior and suggests that air travel demand remains resilient even as safety challenges persist…

The global push toward more efficient, secure, and affordable cross-border payments is gaining momentum, driven by growing regulatory support and rapid technological innovation. As international trade, migration, and digital commerce continue to expand, regulators across multiple regions are implementing frameworks that enable fintech companies, banks, and payment infrastructure providers to deliver smoother, faster, and more…

A fast-rising Nigerian startup that once refined its business concept at Techpoint Africa’s Pitch Friday has emerged as the grand prize winner of ₦30 million at the 2024 Zenith Bank Tech Fair, marking a major milestone in its entrepreneurial journey. The victory not only highlights the startup’s rapid growth but also underscores the important role…