Nigeria: Latest News
Peter Pedroncelli, 6:37 am AFKI Original
African fintech startups have yet another opportunity to strive towards sustainability with the launch of the Village Capital Fintech Africa 2018 program, in collaboration with PayPal. The U.S.-based venture capital fund’s annual investment-readiness program, which is geared towards supporting African startups focused on financial health, is looking to fill a cohort of 10-12 companies from Ghana, Kenya, Nigeria, Rwanda, South Africa, Tanzania, and Uganda.
Peter Pedroncelli, 6:15 am
Facebook has selected Nigeria as the location of its first small business council on the African continent, launching the support structure for businesses in the West African country. The council is aimed at supporting small and medium-sized businesses throughout Africa, with Facebook Africa’s small business council and Nigerian business owners from a range of industries brought together for the benefit of the small business economy in the country.
Tom Jackson, 10:08 am AFKI Original
It was not so long ago that Uber was riding the crest of a wave in Africa, seeing off initial competition from the likes of Snappcab and Zapacab in South Africa, as well as well-funded pan-African competitor Easy Taxi. Yet Uber can now see that the playing field is getting more congested, and its new rivals have more backing than the local clones it had to deal with when it first arrived on African shores.
Peter Pedroncelli, 8:31 am AFKI Original
Banks in Africa are beginning to understand that partnering with tech startups is a smart way to innovate and stay relevant for their customers. Examples of this are present throughout the continent, with traditional banking institutions working together with fintech firms for mutual benefit. Sectors such as mobile payments, remittance and alternative finance have been significant growth areas for African fintech startups.
Peter Pedroncelli, 10:46 am
The sixth edition of the MTN Business App of the Year Awards took place recently in Johannesburg, with mobile applications across various categories recognized for their positive impact on business. Mobile app solutions developed and presented by people from a diverse range of socio-economic backgrounds ensures that these solutions are designed with real-life challenges in mind.
Peter Pedroncelli, 6:01 am
E-health startups across the African continent have shown impressive growth in recent years, allowing them to raise over $19 million in investments. While the e-health startups present on the continent continue to gain traction, the industry as a whole is experiencing strong growth, and between the 115 medical-related startups operating in 20 countries, over $19 million worth of investment has been attracted.
Peter Pedroncelli, 7:50 am
Taxi-hailing startup Uber has appointed a new West Africa general manager, with Nigerian-Canadian Lola Kassim now heading up operations in the region. The announcement sees the former management consultant at McKinsey and Company take on the West African leadership role at the California-based firm. Uber currently operate in 15 cities across eight African countries, including Kumasi, Accra, Abuja and Lagos.
Staff, 9:37 am
When Tolulope Komolafe first heard the pitch, she was skeptical. A fledgling company in Lagos, Nigeria, would pay her to learn how to write modern computer code and then offer her a good job in the high-tech economy. After inquiring, Komolafe found the offer was real. Today, she is a software developer and she dreams of starting her own tech company someday. Komolafe, a 27-year-old Nigerian, is one of hundreds of young Africans who have joined Andela, a fast-growing start-up based in New York.
Staff, 8:47 am
Africa is on fire. That has nothing to do with climate change, but with investor interest and technology momentum. Life expectancy in Africa increased eight years and this burst of life is being replicated in its tech ecosystems.From Cairo to Kigali, Cape Town to Lagos, Nairobi to Accra and Kampala to Dakar, tech hubs are rising faster than the cities that contain them. African software company Andela raised $40 million to connect Africa’s engineering talent into the global technology ecosystem.
Peter Pedroncelli, 4:50 am
Airbnb has made a commitment to invest $1 million in community-led tourism projects across the African continent over the course of the next few years. Airbnb, the mobile app-based hospitality booking site which allows people to make their homes or spare rooms available to visiting guests for a fee, will invest $1 million in community-based African tourism projects between 2018 and 2020.
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