Africa Roundup: Nigerian fintech gets $360M, mints unicorn, draws Chinese VC

Africa Roundup: Nigerian fintech gets $360M, mints unicorn, draws Chinese VC

November 2019 could mark when Nigeria (arguably) became Africa’s unofficial capital for fintech investment and digital finance startups. The month saw $360 million invested in Nigerian focused payment ventures. That is equivalent to roughly one-third of all the startup VC raised for the entire continent in 2018, according to Partech Read more…

Facebook bowed to a Singapore government order to brand a news post as false

Facebook bowed to a Singapore government order to brand a news post as false

Facebook added a correction notice to a post by a fringe news site that Singapore’s government said contained false information. It’s the first time the government has tried to enforce a new law against ‘fake news’ outside its borders. The post by fringe news site States Times Review (STR), contained Read more…

Sim Shagaya’s uLesson African edtech startup raises $3.1M

Sim Shagaya’s uLesson African edtech startup raises $3.1M

Nigerian founder Sim Shagaya is back with a new startup —  uLesson — that has raised a $3.1 million seed round led by TLcom Capital. The venture is integrating mobile platforms, SD cards, culture-specific curriculum and a network of tutors to bridge educational gaps for secondary school students in Nigeria Read more…

Gloria brings international soccer scouting into the 21st century

Gloria brings international soccer scouting into the 21st century

Lionel Messi, who’s still arguably the greatest soccer player in the world, signed his first contract with FC Barcelona when he was thirteen years old. Although he grew up in a small town in central Argentina, he had captured the attention of some of the world’s most famous soccer teams Read more…

Opera’s Africa fintech startup OPay gains $120M from Chinese investors

Opera’s Africa fintech startup OPay gains $120M from Chinese investors

Africa focused fintech startup OPay has raised a $120 million Series B round backed by Chinese investors. Located in Lagos and founded by consumer internet company Opera, OPay will use the funds to scale in Nigeria and expand its payments product to Kenya, Ghana and South Africa — Opera’s CFO Read more…

Chaka opens up global investing to Africa’s most populous nation

Chaka opens up global investing to Africa’s most populous nation

Fintech startup Chaka aims to open up online investingd to Africa’s most populous nation, Nigeria. The seed-stage company recently went live with its mobile-based platform that offers Nigerians stock trading in over 40 countries. Chaka positions itself as a passport to local and global investing. The startup has created an Read more…

Solar based ISP startup Tizeti launches 4G LTE network in Nigeria

Solar based ISP startup Tizeti launches 4G LTE network in Nigeria

Nigerian internet service provider Tizeti has launched its first 4G LTE network. The Y-Combinator backed startup — that uses solar powered towers to deliver net connectivity — has built its premier 4G capable tower in the city of Port Harcourt, where Tizeti will offer its first 4G and ISP services. Read more…

Senegal’s NIMA Codes to launch address app in 15 African countries

Senegal’s NIMA Codes to launch address app in 15 African countries

Senegalese startup NIMA Codes — a digital mapping service for locations without formal addresses  —  has upgraded its app and plans to go live in 15 African countries in 2020. The pre-seed stage startup launched in 2018 around an API that uses mobile-phone numbers to catalog coordinates for unregistered homes Read more…

Stoprobbingus Nigeria

Nigeria’s #StopRobbingUs campaign could spur tech advocacy group, CEOs say

Nigeria’s #StopRobbingUs campaign to curb police harassment of techies could grow into a formal lobbying group for the country’s tech sector, according to founders Bosun Tijani and Jason Njoku. Tijani, the CEO of Lagos based innovation center CcHub and now Kenya’s iHub, helped spearhead the movement last month in response Read more…

Sowore Court

Sahara Reporters founder Sowore remains detained in Nigeria

The founder of African investigative digital media site Sahara Reporters Omoyele Sowore remains detained in Nigeria on charges including treason, his wife Opeyemi Sowore told TechCrunch. Her husband founded Sahara Reporters to create and aggregate news content, social media tips, and self-digital reporting toward exposing corruption in Africa and his Read more…