Funding
AfDB Approves $100 Million for Nigeria’s Youth Entrepreneurship Investment Bank
African Entrepreneurship

AfDB Approves $100 Million for Nigeria’s Youth Entrepreneurship Investment Bank

The African Development Bank (AfDB) has approved a significant funding initiative aimed at boosting youth entrepreneurship in Nigeria. Akinwunmi Adesina, President of AfDB, announced on Friday that the bank’s board of directors has approved $100 million for the establishment of the Youth Entrepreneurship Investment Bank in Nigeria. Speaking during the 90th birthday lecture of former […]

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TOP 5 FINTECH INVESTORS FUELING INNOVATION ACROSS AFRICA 
Fintech Investors

TOP 5 FINTECH INVESTORS FUELING INNOVATION ACROSS AFRICA 

Africa’s fintech ecosystem has seen a surge in investment over the last few years, driven by a combination of technological advancements, a young population, and rising demand for financial inclusion. As a result, several key investors have stepped forward to fuel this growth, helping fintech startups scale rapidly and expand their reach across the continent.  […]

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Nigerian Healthtech Startup, Field, Secures $11M to Revolutionise Maternal and Child Healthcare in Africa
Startups

Nigerian Healthtech Startup, Field, Secures $11M to Revolutionise Maternal and Child Healthcare in Africa

Field, a healthtech startup based in Nigeria, has raised $11 million from the Bill & Melinda Gates Foundation to confront one of Africa’s most pressing healthcare challenges: maternal and child mortality. With this funding, Field aims to deploy its route-to-market service to facilitate access to critical therapies across Nigeria and Kenya, focusing on maternal health, […]

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Tech

Klas – Nigerian EdTech Secures $1M Funding for Global Expansion in Online Education

Nigerian edtech startup Klas has successfully secured $1 million in pre-seed funding in a round led by Ingressive Capital, with contributions from Techstars, HoaQ Capital, and various angel investors. Founded in 2022 by Nathan Nwachuku and Lekan Adejumo, Klas provides a platform that facilitates the creation and sale of ebooks, courses, and live classes. The […]

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Business

Kenya’s Twiga Foods secures new funding, amid plans to pay off over 100 suppliers

Twiga Foods, the Kenyan startup celebrated for its role in optimizing the food supply chain in Africa, has secured undisclosed funding through a business refinancing process. This development comes just weeks after facing a KES 40 million (USD 261,878.75) debt collection lawsuit from Incentro Africa, a cloud services vendor.  The new funding, orchestrated as part […]

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