Wasoko and MaxAB Finally Complete Africa’s Largest Tech Merger
It’s taken eight months, but Wasoko and MaxAB finally complete Africa’s largest tech merger. Both companies signed preliminary terms in Q4 2023 ahead of what has been referred to as Africa’s largest tech merger till date. The newly formed entity — which hasn’t been renamed — will be co-led by Daniel Yu,
Kenya’s Sukhiba Connect Raises $1.55M Seed Extension Round
Kenyan social commerce startup Sukhiba Connect raises $1.55M seed extension round for expansion. Nearly a year after securing $1.5 million in seed funding to expand beyond the East African country. EQ2 Ventures led the round, with additional investments from Accion Venture Lab, Musha Ventures, Quona Capital, and existing investor CRE
Royalty-based Financing: What it is and How it Works
Traditional funding methods like bank loans, venture capital, and equity financing have long been the go-to options for entrepreneurs seeking capital. However, as businesses evolve and the financial landscape diversifies, innovative alternatives to these conventional methods have emerged. Among them is royalty-based financing, a flexible and often underappreciated funding model
21 Best Market Research Tools for Startups This Year
In today’s competitive business world, data-driven decision-making is paramount for startup success. Market research plays a crucial role in the growth of your business. However, navigating the vast array of best market research tools for startups can be daunting for you. Here’s the good news; you don’t need huge funds or
Bolt Kenya Increases Fares by 10% Amidst Driver Concerns
Bolt Kenya increases fares by 10% amidst driver concerns, following Uber’s lead. This decision follows a week-long protest from drivers demanding better compensation. The move, the company claims, reflects its commitment to addressing the concerns of its driver-partners, who are essential to Bolt’s operations, especially in light of the rising
100 Businesses That Bring Daily Income in Nigeria This Year
Looking for a business that brings daily income in Nigeria? This guide on daily income businesses in Nigeria will help you see the different ways you can make money daily online and offline in Nigeria as a lady or young man. We’ll explore the exciting offline and online daily income
100 Daily Income Business Ideas in Abuja This Year
To many, Abuja is portrayed as “virgin land for lucrative investment” in Nigeria. Being the capital city of Nigeria, thousands of local and foreign investors have steadily streamed in, in search of greener pastures. For instance, the real estate sector is booming as thousands of people are renting and paying
Flutterwave Expands Payment Options with American Express for Nigerian Entrepreneurs
Flutterwave expands payment options with American Express for Nigerian entrepreneurs. This significant move will enable its online merchants in Nigeria to accept payments from American Express cardholders. This partnership not only enhances cross-border trading for Nigerian entrepreneurs. But also opens up a new customer base that includes American Express users
Liquid Telecom to Raise $225 Million Equity in 4 Months
A significant investment is set to boost Africa’s digital infrastructure as South Africa-based Liquid Telecom to raise $225 million equity by the end of 2024. Per Hardy Pemhiwa, Chief Executive Officer (CEO) of Liquid Telecom, a US development agency, the International Development Finance Corporation, will be one of the main
Uber Kenya Raises Fare Prices in Response to Drivers’ Frustrations
Uber Kenya raises fare prices in response to drivers’ frustrations, which have led some to set their prices and refuse service to passengers unwilling to pay the higher rates. Imran Manji, Head of East African Operations, stated that a re-evaluation had occurred after an extensive market data analysis and consultation
