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Monday, 23 March
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Top News

Cognita Rolls Out Digital Learning Platform Across UAE Schools
MTN South Africa Donates Digital Devices to Support Learning at Qibing Secondary School
Egypt Deepens Investment Reforms with Data-Driven Strategy, IFC Partnership
MTN MoMo Zambia, Indo Zambia Bank Partner to Expand POS Payments Nationwide
Nokia, Turkcell Boost Broadband Quality for Over 3 Million Users in Türkiye
Cognita Rolls Out Digital Learning Platform Across UAE Schools
MTN South Africa Donates Digital Devices to Support Learning at Qibing Secondary School
Egypt Deepens Investment Reforms with Data-Driven Strategy, IFC Partnership
MTN MoMo Zambia, Indo Zambia Bank Partner to Expand POS Payments Nationwide
Nokia, Turkcell Boost Broadband Quality for Over 3 Million Users in Türkiye

Startup Review

Nigeria’s startups raised $93.4 million in October 2025, a 130.6% surge driven by Moniepoint’s $90 million round and rising early-stage investments across fintech, clean energy, agriculture, logistics, and edtech.

Preventing the next billion-dollar mistake: Due diligence in startup investments

When HP acquired Autonomy for £25.50 ($42.11) per share in cash, valuing the company at approximately $11 billion, it was one of the transactions that…

By: Wura Oba

How Checklearn is closing Africa’s skills gap, making talents more employable

Nigeria’s National Bureau of Statistics reported that the youth unemployment rate in Nigeria stood at approximately 53.40% in 2022. Despite this high unemployment rate, human…

By: IBK

Ghana’s Nyla Bank, led by Mubarak Sumaila, is building Africa’s first digital Islamic bank with a goal of empowering 1 billion people with innovative, Shariah-compliant products and services that align with ethical principles. Oze, another startup from Ghana, is a digital lending platform that bridges Africa’s credit gap by providing banks with a small and medium-sized enterprise- (SME) focused app that digitizes financial data, enabling risk assessment and lending to small businesses. The team is led by Meghan McCormick. Verto is another United Kingdom-based startup led by Rachel Coombs. The platform is a business-to-business cross-border payments platform for businesses in emerging markets, powered by a unified network that eliminates intermediary fees, handles 49 currencies and settles transactions faster. The prize will ultimately award $2 million in total prizes, including a $1 million Grand Prize. Following the December showcase, the Grand Prize will be awarded at the Milken Institute’s Global Conference in Los Angeles, in May.

Nigeria’s Trade Lenda makes the semi-finals of the $1m Milken-Motsepe Prize in FinTech

Trade Lenda will be up against other fintechs operating in nearly 30 countries across three continents…

By: Ovie George

Moniepoint introduces multifactor authentication for transactions above N500,000

Moniepoint’s MFA leverages advanced device-based biometric technology…

By: Ovie George

Nigeria accounts for 14% as African startups raise $56 million in August 2024 – Report  

A single raise by Nigerian fintech, Waza, gave the country a 14% share of total funds raised by African startups in August, which stood at…

By: Wura Oba

Nigeria’s startups raised $93.4 million in October 2025, a 130.6% surge driven by Moniepoint’s $90 million round and rising early-stage investments across fintech, clean energy, agriculture, logistics, and edtech.

African startups raise $187 million in May 2024 – Report

Startups across Africa announced fresh capital raise totalling $187 million in May, as funding improved compared to April….

By: Wura Oba

In 2016, the company rose to become the continent’s first unicorn, valued at over $1 billion, and in April 2019, it went public on the New York Stock Exchange (NYSE), raising $196 million in net proceeds. Its share price, initially offered at $14.50, rose more than 200% in the first three trading sessions. But after reaching a peak of nearly $50 on May 1, 2019, the share value has continually declined and fluctuated. Currently, the e-commerce platform has since spread to African countries, including Egypt, Morocco, Ivory Coast, Kenya, South Africa, and others, as well as expanding and launching platforms like Jumia Food, Jumia Travel, Jumia Deals, Jumia One, Jumia Pay, and others. With platforms like Jumia Food, Jumia Travel, and Jumia Pay, the company has diversified its offerings and expanded its reach, driving e-commerce adoption and economic empowerment.

Here is a list of Africa’s top 10 biggest startups by valuation

Africa has emerged as a hotbed of innovation, with startups disrupting industries and capturing the attention of investors worldwide. From fintech to agriculture, these startups…

By: IBK

Moove hits $750 million valuation after Uber’s $100 million investment

Mobility startup, Moove, has confirmed the earlier reported $100 million investment by Uber, bringing its valuation to $750 million after the deal….

By: Wura Oba

African startups secured $441.9 million in October 2025, a 217% jump from September. Mega-rounds, securitization deals, and strong fintech and clean energy investments drove the rebound across Nigeria, Kenya, Egypt, and South Africa.

African startups raised $217 million in February 2024 -Report 

Startups across Africa raised a total of $217 million in February 2024, representing a 182% increase when compared with January….

By: Africa Innovation Watch

Digital financial services provider, Carbon, has completed the acquisition of SME-focused Nigerian fintech, Vella Finance.

The two companies announced the completion of the deal via a statement on Wednesday. Vella Finance was acquired through its parent company One Credit Limited,…

By: Wura Oba

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Egypt Deepens Investment Reforms with Data-Driven Strategy, IFC Partnership

Rhino.fi Unveils 1:1 Stablecoin Solution to Enable Seamless Cross-Chain Settlements

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