Cascador, an accelerator program that assists mid-stage entrepreneurs in Africa with scaling their mission-driven businesses, reported that its aid to companies in Nigeria has resulted in small and medium-sized enterprises raising $23 million in growth capital over the course of four years. Cascador’s Co-founder, Mr Dave DeLucia, says Cascador’s intervention […]
Startup Space
The African Development Bank has signed a $525,000 grant agreement with Africa Fintech Network (AFN) for the setup of the Africa Fintech Hub, an online portal and digital platform that will enable fintech associations across Africa to pool resources and knowledge, strengthen relationships and partnerships, as well as showcase the […]
The Director-General of the Small and Medium Enterprises Development Agency (SMEDAN), Olawale Fasanya, says that more than two million businesses in the Nano, Micro, Small, and Medium Enterprises (nMSMEs) category died between 2017 and 2021 alone forcing more than six million Nigerians into the labor market. He explains through […]
Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings, has launched its @ease Savings Challenge which commenced 01 March 2023 and is set to run till 08 June 2023 where participants will have 100 days to save a minimum of N1,000 daily or N7,000 weekly in their Stanbic IBTC […]
The Federal Government of Nigeria has launched a $672 million tech fund in a bid to support the tech and creatives ecosystems for young entrepreneurs which will ease capital funding. Vice President Yemi Osinbajo launched the $672 million fund under the Digital and Creative Enterprises Programme (DCEP) in Abuja recently […]
The search engine Google has joined in celebrating International Women’s Day by unveiling three new initiatives to empower women entrepreneurs in Africa and equip them with the tools needed to attain Success. Among the initiatives is the Hustle Academy for Women-Led Businesses, the Google for Startups Accelerator Africa: Women Founders […]
The Universal Energy Facility (UEF), a results-based financing facility managed by Sustainable Energy for All, has revealed it plans to provide grants to renewable energy companies that applied to have their projects financed as part of the facility’s stand-alone solar for productive use programme in Nigeria. The CEO and Special […]
Pan-African VC firm, Ventures Platform, has announced the final close of its early-stage and intercontinental fund, at US$46 million. Surpassing its initial $40 million target, the oversubscribed fund from one of the continent’s most prolific investors sees new participation from global investors with an array of top-tier commercial banks, corporates, DFIs, […]
With the massive layoff of big Tech companies in 2022, there are reasons that things may worsen which has surpass the level of recession the world has experienced. According to data by global outplacement and career transitioning firm global outplacement & career transitioning firm Challenger, Gray & Christmas, in […]
The Minister of Communications and Digital Economy, Prof. Isa Ali Pantami has expressed optimism that the National Digital Innovation and Entrepreneurship Centre once completed would fast-track the implementation of the Nigeria Start-up Bill, as he described the ongoing construction project as satisfactorily on course. Prof. Pantami made this known after […]
