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Nigerian equities have opened the new year a third consecutive time driving high returns. For the third consecutive year, the Nigerian stock market started the year strong, as investors who may have missed out on…
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Swvl, the mobility startup that once operated on four continents, has posted a net profit for the first time, according to its financial report for the first half of 2023. The company achieved profitability by…
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Cellulant, one of Africa’s oldest fintech startups, quietly completed a third round of layoffs in December 2023, one month before the abrupt departure of CEO Akshay Grover, two employees with knowledge of the matter told…
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Peter Njonjo, the CEO and co-founder of Twiga, has resigned from the company board, arguing that he can only add “very little value” to the company in the future, seemingly confirming earlier reports that he…
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There are several updates for the JAMB 2024 you need to be aware of. Creating a JAMB profile is one of them. Creating a Joint Admissions and Matriculation Board (JAMB) profile is the initial step…
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Akshay Grover, who was named Group CEO of Cellulant, one of Africa’s most prominent payment companies, in July 2021, is stepping down this month to focus on personal matters. Cellulant confirmed his departure in an…
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Created by Zain Verjee, a former CNN correspondent, and Matthew Cullen, a Grammy-winning director, Ndoto uses artificial intelligence to depict the effect of climate change in Africa. Floods in Nigeria and Mali. The Sahara’s descent…
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Cameroonian fintech Koree has closed a pre-seed round of $200,000 which it plans to use to grow its merchant base. Koree, a Cameroonian fintech that allows customers to save spare cash (change) on their cards,…
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Article contributed by Uzochukwu Mbamalu, Founder and CEO Palremit Grants play a crucial role in shaping economies and supporting academic pursuits worldwide. In the context of Africa, the impact of grants goes beyond individual aspirations,…
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In 2023, African startups secured $3.191 million in funding. This marks a sharp decline compared to the previous years. Per our friends at Africa: The Big Deal, a curated funding database, African startups raised $3.4…
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U.S. prosecutors have shared details of criminal charges brought against Odogwu Dozy Mmobuosi, the founder and CEO of Tingo Group, a Nasdaq-listed “agri-fintech” startup. Mmobuosi is accused of reporting hundreds of millions of dollars in…
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With 2023 now behind us, we look back on a year marked by strong economic headwinds and market upheavals. A cursory look at funding numbers shows that 2023 was a mixed bag. Venture capital (VC)…
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