UBA cut fraud losses nearly in half, as profits hit ₦335bn
United Bank for Africa (UBA), with a market capitalization of ₦1.93 trillion ($1.29 billion) and operations in 20 African countries, has successfully cut fraud-related losses by 45.35%, reducing them to ₦288 million ($192,130) in the first half of 2025. At the same time, its profit after tax grew by 6.06%
How Founders Can Build an Investor-ready Data Room
Raising capital is one of the biggest challenges every founder faces. Beyond pitching with passion and a polished deck, investors want proof that your business is structured, transparent, and ready to scale. That’s where an investor-ready data room comes in. Think of a data room as your startup’s “control center”
How to Master Unit Economics in Low-margin African Businesses
Running a business in Africa is not for the faint-hearted. Entrepreneurs face a unique combination of challenges: While passion and grit are crucial for survival, they are not enough. What separates businesses that thrive from those that collapse is often one thing: their grasp of unit economics. Unit economics refer
MTN Nigeria secures roaming agreement with T2 Mobile
MTN Nigeria secures roaming agreement with T2 Mobile Limited, formerly 9Mobile, for a period of three years, after approval from the Nigerian Communications Commission (NCC) to lease frequency spectrum from T2 Mobile. The agreement, which takes effect from October 1, is in line with the company’s 2025 strategy to expand its
Blockchain.com opens its first office in Nigeria
UK-based crypto company, Blockchain.com, opens its office in Nigeria, marking its first physical presence in Africa. The move comes seven months after it announced plans to enter the continent and positions Nigeria as the starting point for its broader African expansion. The company says Nigeria is now its largest market
Ideas, Cheques & Capital: Bridging the Distance Between Dreams and Deals
Article by: Solomon King (DBA | ED, Lagos Angel Network) He stood next to me at the Cascador pitch event last May in Lagos—Bayo, a founder I’d known for some time, still trying to raise capital. As we watched entrepreneurs just like him walk away with millions in debt and
8 African Startups that Pivoted Successfully: Lessons for Entrepreneurs
Building a startup anywhere in the world is a gamble. But in Africa—where infrastructure gaps, limited funding, and unpredictable regulatory shifts collide—the challenge is magnified. Many startups launch with bold visions only to discover that their original business model won’t survive the realities of the market. That’s where the pivot
Yoco picks two Co-CEOs, as founding CEO steps back
South African payments firm Yoco is changing leadership after more than a decade of rapid growth. Founding CEO Katlego Maphai is stepping down from the top role, handing over to fellow co-founders Lungisa Matshoba and Bradley Wattrus, who will now serve as co-CEOs. Maphai will stay on in a founder
How to Build Trust in African Consumer Markets Without Big Branding Budgets
In African consumer markets, trust is everything. A small business can sell out its products in a local community simply because people trust the owner, while a flashy multinational with billboard campaigns might still struggle to gain traction. Unlike more mature markets, African buyers often prioritize trust, relationships, and reputation
Why Dr. Gozie Ezeh Started ‘SweetMom’ to Support First-time Mothers in Nigeria
In Nigeria, where 1 out of every 13 babies never sees their first birthday, and countless mothers silently battle postpartum depression, one doctor is reimagining what healthcare could look like. Meet Dr. Gozie Ezeh, a medical doctor by day and a fundraising strategist by night—whose life’s mission is to scale
