Nigeria
After VCs spend millions Nigeria restricts ride-hail motorbike taxis
Nigeria’s commercial hub of Lagos has shaken up its transportation order. At the center are the West African country’s motorcycle taxis — referred to locally
TLcom Capital closes $71M Africa fund with plans to back 12 startups
VC firm TLcom Capital has closed its Tide Africa Fund at $71 million with plans to make up to 12 startup investments over the next
Africa Roundup: Trump’s Nigeria ban, Paga’s acquisition and raises — Fluterwave $35M, Sendy $20M
The first month of the new-year saw Africa enter the fray of U.S. politics. The Trump administration announced last week it would halt immigration from
Nigeria is becoming Africa’s unofficial tech capital
Africa has one of the world’s fastest growing tech markets and Nigeria is becoming its unofficial capital. While the West African nation is commonly associated
Trump to halt immigration from Africa’s top tech hub, Nigeria
The Trump administration announced Friday it would halt immigration from Nigeria — Africa’s most populous nation with the continent’s largest economy and leading tech sector.
Kenyan logistics startup Sendy raises $20M round backed by Toyota
Africa’s logistics startup space has gained another multi-million dollar round with global backing. Kenyan company Sendy — with an on-demand platform that connects clients to
Trump’s travel ban could extend to Africa’s top tech country, Nigeria
The Trump administration is poised to add several African countries to a U.S. travel ban list, including Africa’s top tech hub, Nigeria. Politico first reported
Opera and the firm short-selling its stock (alleging Africa fintech abuses) weigh in
Internet services company Opera has come under a short-sell assault based on allegations of predatory lending practices by its fintech products in Africa. Hindenburg Research
Nigeria’s Paga acquires Apposit, confirms Mexico and Ethiopia expansion
Nigerian digital payments startup Paga has acquired Apposit, a software development company based in Ethiopia, for an undisclosed amount. That’s just part of Paga’s news. The
Catalyst Fund gets $15M from JP Morgan, UK Aid to back 30 EM fintech startups
The Catalyst Fund has gained $15 million in new support from JP Morgan and UK Aid and will back 30 fintech startups in Africa, Asia,
