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Startup Review

The Fall of Okra: How a Promising Nigerian Fintech Startup Crashed After a Meteoric Rise

The sudden shutdown of Okra, once a rising star in Nigeria’s fintech landscape, has sent shockwaves through the industry. The company played a pivotal role…

By: Author Africa

Max Air allegedly did something shady as Nigerian tech startups thrived 

Max Air was accused of overwriting its Cockpit Voice Recorder (CVR) following a serious incident that occurred at Nnamdi Azikiwe International Airport. A report by the Nigerian…

By: Author Africa

Top 10 Nigerian tech startups deals in 2022

Despite the global economic headwinds that saw many tech giants embark on mass layoffs last year, the growth trajectory of tech startups across the world…

By: Author Africa

More job losses across Nigerian tech startups; this and more in today’s corporate news roundup

It’s time to summarise the major company news stories that dominated the headlines during the week that ended November 26, 2022. This newsletter is brought…

By: Author Africa

Flutterwave secures switching and processing license, Nigeria’s highest payments processing license

Flutterwave, Africa’s leading payments technology company has been granted a Switching and Processing License by the Central Bank of Nigeria (CBN)— widely regarded as CBN’s…

By: Author Africa

DeFi industry recovers by 15% in Q3 2022

Data from DeFi Llama has revealed that the industry has recovered 15.30% so far in the third quarter, from $54.66 billion it was on July…

By: Author Africa

Global startup funding fell 23% in Q2 2022, largest drop in about a decade

Venture capitalists are reckoning with their worst quarter in almost a decade as economic uncertainty and lackluster returns have prompted investors to hold back following…

By: Author Africa

Jumia stock gains 44% in one month as company records “fastest order and GMV growth rates” in over 2 years

One of Africa’s largest e-commerce companies, Jumia has gained a whopping 44% in the last month following results that impressed investors. Jumia’s earnings per share…

By: Author Africa

A journey through time: The story of Nigerian eCommerce startup, Heroshe

Over the years, commerce has moved from brick and mortar stores to online stores. Though Nigerians have fewer options for online shopping, Nigerian-founded ecommerce startup…

By: Author Africa

Owner’s of TikTok step into virtual reality space with acquisition of Pico

ByteDance, the parent company of TikTok, has made its first push into virtual reality (VR) with the acquisition of Pico, a start-up….

By: Author Africa

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