The Federal Government of Nigeria has secured a $1 billion innovation fund to support start-ups operating in the marine and blue economy sector, as the country intensifies efforts to diversify its economy away from oil. The Chief Executive Officer, Maritime Innovations Hub, Mrs Ronke Kosoko, disclosed during a press conference organised in collaboration with the…
MTN Nigeria has urged collaboration among private and public sector participants to overcome the risk aversion that has been plagued the development of the startup ecosystem in the country. Its Chief Strategy and Investment Officer, Babalola Oyeleye, who spoke during a panel discussion at MTN Cloud Accelerator Demo Day and Investor Mixer of 20 innovative…
One of Nigeria’s largest digital export marketplace, Niteon, has launched Niteon Capital, the first neobank built specifically for African manufacturers. Founded by Nigerian entrepreneurs, Tony Nwose and Daniel Chukwuemelie, the US-based startup has already built a reputation for helping verified African manufacturers, spanning agriculture, fabrics and minerals products connect seamlessly to international buyers. With operational…
A new playbook for global expansion is emerging from Nigeria’s tech ecosystem, with leaders using the United Kingdom (UK) as a strategic hub to unlock international capital, top-tier talent, and regulatory credibility. Speaking at the GITEX Africa summit on the panel ‘Nigeria’s Fintech Revolution,’ moderated by the UK Prime Minister’s Trade Envoy to Nigeria, Florence…
A global non-profit on a mission to create a fair and inclusive economy for the nearly two billion people who are failed by the global financial system, Accion, has announced the final close of a $61.6 million fund that will invest in early-stage fintech companies meeting the needs of financially underserved people globally. Accion Venture…
After a buzzing month of July, August has been pretty quiet so far in terms of start-up funding announcements on the continent. Africa: The Big Deal report, enough has already been raised to cross the $2 billion mark in start-up funding in Africa (exc. exits). This is a good performance in itself, and means the…
Glovo has entered into a partnership arrangement with the organisers of GITEX Nigeria Tech Expo & Future Economy Summit to select a Tech Startup founder during the summit to attend the 2025 Glovo Startup Campus programme scheduled to hold in October in Barcelona, Spain. The Glovo Startup Campus is an annual programme by Glovo that…
Fintech sector alone attracted 45per cent of all funding (exc. exits) in first half (H1) of this year, netting in around $640million, according to a new report from Africa: The Big Deal. This is in line with what was seen last year (47per cent) but higher than in previous years. The report noted that if…
A tech firm, Prime Startups, has stated its commitment to helping innovative ideas grow to commercial success, saying that is where true, sustainable impact lies. It said it has evolved from just ecosystem builders to dedicated growth accelerators and strategic partners. Partner at Prime Startups, Olumide Olayinka, who spoke during a press parley at the…
