Lagos state sets aside 1 billion Naira to fund startups
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In a move aimed at boosting the tech ecosystem in the state, the Lagos state government has allocated a whopping 1 billion…
Polish drone maker to establish African manufacturing hub in Kenya
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Polish unmanned aerial vehicle (UAV) manufacturer, Farada Group, has received regulatory approval to set up a drone production facility at the Konza…
Africa Data Centres lands $109m to expand cloud capacity
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Africa Data Centres (ADC), a leading data center provider across the African continent, has secured a massive $109 million financing deal to…
South African fraud prevention startup - Orca - raises $550K to tackle cybercrime surge
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As cyber threats escalate across the African continent, a Cape Town-based startup has raised fresh funding to equip financial institutions with advanced…
CcHub launches "Let's Build, Africa!" program to support African startups entering new markets
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In celebration of Africa Day, the Co-creation Hub (CcHub) has announced the launch of its “Let’s Build, Africa!” program, designed to assist…
Paystack leads acquisition of struggling fintech startup, Brass
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Nigeria’s fintech company and payment giant, Paystack, has led an investment consortium to acquire the struggling startup, Brass, for an undisclosed sum….
Africa needs to double spending to $6b to bridge digital divide: IFC
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Africa must significantly ramp up investments in digital infrastructure if it hopes to connect more people and businesses to the internet, according…
Kenyan e-commerce startup - Copia Global - faces shutdown, mass job losses loom
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Kenya’s tech ecosystem took a hit as e-commerce platform, Copia Global, is hovers on the brink of collapse after failing to secure…
Jumia trims losses as cost-cutting efforts bear fruit
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Every company is enthusiastic about financial growth, and this is a moment of thrill for Africa’s e-commerce giant Jumia, as the company…