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Two years after its launch, Africa Seed I, the Africa-focused fund of Paris-based VC firm, Breega has reached first close with $50 million in funding secured. The fund which aims to raise $75 million is…
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Kenya’s parliament has voted for the controversial Finance Bill 2024 to enter the committee stage despite spirited demonstrations by OccupyParliament protesters, civil society groups, and opposition lawmakers. 204 MPs voted yes to the bill while…
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eClat, the health-tech subsidiary of Nigerian payment giant Interswitch, has partnered with the Lagos State Ministry of Health to launch a cloud-based platform, Smart Health Information Platform (SHIP), that will manage and transmit data for…
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Downforce Technologies, a London-headquartered climate tech startup that provides farmers with technology tools to measure soil fertility, has raised $4.2 million to build new products focused on Africa and expand into new markets. The funding…
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One week after unknown persons leaked the phone numbers of Kenyan government officials online, hacker group Anonymous has threatened to expose “corrupt deals involving members of parliament (MPs)” if they vote to pass the 2024…
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FBN Holdings, the parent company of Nigeria’s oldest bank, has confirmed the appointment of Olusegun Alebiosu as the Managing Director/Chief Executive Officer of First Bank two months after he was named in an acting capacity,…
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Six decades after the first human reached space, a Nigerian will have the opportunity to do the same thanks to a partnership between the Space Exploration & Research Agency (SERA), a global space agency, and…
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Noki Noki, a Congolese logistics startup that offers food delivery and supermarket shopping services, has raised $3 million in seed funding. The startup, which operates in six countries, will use the funding to scale its…
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Ampersand Rwanda has struck a deal with Chinese electric vehicle and battery manufacturer BYD to build 40,000 electric motorcycles in Kenya and Rwanda by the end of 2026. Ampersand’s long-term goal is to win a…
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The Joint Admissions and Matriculation Board (JAMB) has released new information for 2024 UTME candidates, alerting them to recent fraudulent activities involving third-party services claiming to assist in obtaining examination results without registered SIM cards.…
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Safaricom, Kenya’s top mobile network, has picked Pezesha, a digital lender, to provide credit to small business owners, which will add to the telco’s existing loan products, including M-Shwari and Fuliza. The new product, Mkopo…
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The Bank Verification Number (BVN) is a cornerstone of Nigeria’s banking security. It serves as a unique identifier, linking your bank accounts to prevent fraud and enhance security. In this article, we’ll provide you with…
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