Techstars-backed Fez Delivery gets funding to scale its last-mile logistics platform

Fez Delivery, a Lagos-based last-mile logistics startup with hubs across Nigeria, has raised $1 million led by pan-African investor Ventures Platform with participation from Voltron Capital, Acasia Ventures and other angel investors.  Founder and CEO Seun Alley, in a statement, said the company plans to use the seed investment to deepen its work in Nigeria

Batteries for hire could help Nigerians ditch their generators

CNN  —  Although Nigeria has vast energy reserves, more than 92 million people in the country live without access to electricity, according to the International Energy Agency. Those who are connected to the electricity grid have to contend with frequent power cuts, which cost the country $28 billion a year – almost 2% of its

Bitcoin is poised to blow up Africa’s $86 billion banking system

ACCRA, Ghana — Block CEO Jack Dorsey and his top brass descended on Accra for the inaugural Africa Bitcoin Conference in December to talk about one of the most potentially disruptive and transformative alternatives to the continent’s existing financial system: bitcoin. Since its inception in 2008, this unfamiliar form of money has alternatively been disdained

Montclair State University Professor Selected For Groundwater Research Fellowship In Nigeria

Earth and Environmental Studies Associate Professor Duke Ophori has been selected for the Carnegie African Diaspora Fellowship Program (CADFP) and will travel to Nigeria in June to work with the Federal University of Petroleum Resources, Effurun (FUPRE) for research collaboration and graduate student training in the school’s Department of Geology. The project, “Curriculum Co-Development/Mentoring Graduate

African ideas and innovations shaping the world – Kamala Harris

Kamala Harris – US Vice President The Vice-President of the United States of America Kamala Harris has urged African governments to continue investing heavily in African ingenuity and creativity which will unlock incredible economic growth and opportunities. She lauded the efforts of some African countries that have been leveraging on technology and innovations to make

Fish Farms Helping to Promote Development in Ghana

Ainoo-Ansah Farms Ltd is a Ghanaian-owned enterprise that operates as a fish hatchery. It produces and supplies tilapia fingerlings to fish farmers throughout the country. The farm also exports tilapia fingerlings to Nigeria and South Africa. Mr. Jacob Ainoo-Ansah is the proprietor of Ainoo-Ansah Farms Ltd. He has a master’s degree in business leadership, and

Prudential share price is sinking as Africa challenges mount

Prudential (LON: PRU) share price has been among the worst-performing in the UK after the insurance company published weak results last week. The stock has slipped in the past four straight days and is trading at the lowest level since November 30th of this year. Prudential faces significant challenges Prudential published relatively weak financial results