From Lagos to Nairobi

Sometimes, a business idea begins not with a carefully planned pitch deck, but with a problem that becomes impossible to ignore. For Nigerian entrepreneur Sunday “Paul” Adah, the challenge of moving money across borders while studying in the United States became the inspiration for Pay4Me, a fintech platform built to simplify international payments. Adah’s experience…

Nigeria’s internet landscape is changing as fibre-optic networks expand across major cities and some smaller communities. Faster, more reliable connectivity is increasingly important to businesses, schools, households and the digital economy. Yet access remains uneven: the challenge is no longer only building networks, but making them affordable, resilient and available beyond profitable urban neighbourhoods. Nigeria…

Moniepoint is phasing out MonieWorld, its remittance service for users in the United Kingdom sending money to Nigeria. The company has not indicated that the move reflects a broader exit from international markets, but it suggests Moniepoint is reallocating resources toward its core Nigerian payments, banking and business-management operations amid intense competition in digital money…

African venture capital firm Ventures Platform has closed its second fund at $84 million, marking a major step forward for the investment firm and nearly doubling the size of its first fund. The new fund highlights growing confidence in African startups and the potential of technology-driven businesses across the continent. Ventures Platform, which has built…

Powered by People (PBP), a commerce technology company with deep roots in Africa, has raised a new Series B funding round as it works to help African artisans and independent brands compete in the rapidly changing global retail market. The round was led by the BESTSELLER Foundation, with existing investors Golden Ventures, Susa Ventures and…

CardinalStone Capital Advisers (CCA), a West Africa-focused private equity firm, has reached a $76 million first close for its second investment vehicle, the CCA Growth Fund II. The milestone strengthens the firm’s ability to provide long-term growth capital to promising small and medium-sized enterprises across the region. The fund has a target size of $120…