Prospa, a YC-backed Nigerian startup offering software and financial services to entrepreneurs and micro-businesses, has announced it closed a $3.8 million pre-seed investment, which was oversubscribed by 380%. The round was backed by venture funds Global Founders Capital and Liquid 2 Ventures. Leading entrepreneurs also participated in the round including […]
MTN Group, Africa’s largest telecommunications provider and Flutterwave, Africa’s leading payments technology company has announced a mobile money partnership. This partnership will allow businesses integrating Flutterwave in Cameroon, Côte d’Ivoire, Rwanda, Uganda and Zambia to receive payments via MTN Mobile Money (MoMo). MTN MoMo is a fintech platform providing consumers […]
The Minister of Communications and Digital Economy, Isa Ali Ibrahim (Pantami) gets the Federal Executive Council approval on Fifth Generation (5G) Networks for Nigeria’s Digital Economy. This was revealed in statement signed by the Technical Assistant (on Information Technology) to the Honourable Minister of Communications and Digital Economy, Dr Femi […]
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OPay, an Africa-focused digital payment startup founded by a Chinese entrepreneur, announced a $400 million funding round led by SoftBank Vision Fund 2, valuing the company at $2 billion. Sequoia Capital China, Source Code Capital, Meituan-backed (3690.HK) fund Long-Z, Redpoint China, and 3W Capital are among the other investors in […]
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The Lagos Chamber of Commerce and Industry has commended the Federal Government on the signing into law, of the Petroleum Industry Act (PIA) 2021 by H.E President Muhammadu Buhari, GCFR after being passed by both chambers of the National Assembly, marks a significant milestone in the administration of Nigeria’s oil […]
A tech enthusiast and pioneer promoter of the digital economy, Dr. Bayero Agabi has advised Nigerian youths to shun all forms of illegitimate internet scams and embrace digital innovations, stressing that there is lot of money to be made legitimately leveraging the Internet. Dr. Bayero gave the advice while […]
As a feature of Galaxy Backbone Limited (GBB’S) obligation to help local contents and innovations, the organization has banded together with Newwaves Ecosystem, an inventive Digital Company, to adopt online conference platform Konn3ct in the public sector space in accordance with the local content drive of president Buhari’s administration. Konn3ct […]