Ugandan Startups Selected For The Black Founders Fund Cohort in Africa

Twenty-Five African startups — 72% of which are led or co-founded by women were selected for the 2023 Google for Startups Black Founders Fund. The startups including two from Uganda, were diverse not only in their leadership but also in their geographical representation and sector focus. These startups from Cote d’Ivoire, Ghana, Kenya, Nigeria, Rwanda,

The Online Betting Industry in Africa is Experiencing a Significant Upsurge

A substantial segment of the African public has easy access to online betting because of internet accessibility. Online betting is undoubtedly a popular entertainment form for young people in Africa. A few African countries that have emerged as major participants in the online betting industry and attracted both local and international betting companies are Nigeria,

SecondSTAX’s plan to connect Africa’s capital markets

In 2018, MTN Ghana raised $235 million through an initial public offering (IPO) on the Ghana Stock Exchange. However, that figure was well below its initial target of $750 million. One reason for this poor showing was that people outside Ghana could not buy shares. Somewhere in Ghana, Eugene Tawiah (CEO) and Duke Lartey (COO),

Ten Nigerian startups shine as Africa receives $4m Google fund

Ten Nigerian startups are making their entrepreneurial endeavours count against all odds and have been listed among the 25 African-based startups selected by Google for Startups (GfS) for this year’s $ 4 million Black Founders Fund. The Black Founders Fund, now in its third year, aims to help tackle systemic racial inequality in venture capital

Nigerian new policy reforms hits small businesses [Business Africa]

The Nigerian government introduced an oil subsidy to cushion the effect of rising global oil prices in the 1970s. The subsidy had kept petrol prices cheap for decades in Africa’s biggest economy but it became increasingly costly for the country. The new president decision to remove a popular petrol subsidy is imposing extra burden on

25 African Startups

Google for Startups (GfS) today announced the 25 African-based startups selected for this year’s $4million Black Founders Fund. The Black Founders Fund, now in its third year, aims to help tackle systemic racial inequality in venture capital (VC) funding by providing equity-free grants and mentoring to early stage Black-led high-growth businesses across Europe and Africa. 

Nigeria’s ThriveAgric seeks $30m for African agri-fintech expansion

The fundraising is making “good progress” and Eje aims to conclude the round in August. The company will also seek to raise an additional, unspecified amount of debt and is in discussions with debt investors, he says. Eje aims to enter Tanzania and Zambia in the first half of 2023. There’s more to this story

Standard Bank and PAPSS Partner to Enhance Cross-Border Payment Across Africa

Standard Bank of South Africa Limited and The Pan African Payment and Settlement System (PAPSS) have signed a Memorandum of Understanding (MoU) to facilitate settlement of cross-border transactions of the Group, including the transactions of all their subsidiaries through PAPSS. The MoU was signed on Monday, 19 June 2023 during the opening ceremony of the

Fashion enthusiasts, celebrities praise Monday Matthew over industry impact

Influencer Monday Matthew, a BSc Computer Science graduate from Caritas University in Enugu State, is currently receiving tremendous support from fellow African celebrities. Renowned for his achievements in the fashion industry, Matthew has showcased his talent at prestigious events including Dubai Fashion Week, New York Fashion Week, and Fashion Week DXB. Matthew’s rise to prominence