Mastercard Africa Growth Fund to Invest $27 Million in VestedWorld and Others
Three Africa-focused investment firms have received investment approvals from the Mastercard Africa Growth Fund. The three firms — Chui Ventures, VestedWorld, and SME Impact Fund — will receive $9 million, $10 million, and $8 million, respectively, from the Africa Growth Fund, bringing the total number of funds to five. The
Nasir El-Rufai to Launch $100 Million Venture Capital Fund
Fresh from completing an eight-year tenure as governor of Kaduna State, Nasir El-Rufai, has announced plans to launch a $100 million fund aimed at diversifying startup investments in Nigeria beyond Lagos. The fund, which would be run from Nigeria’s capital city of Abuja, will see the former governor put up
Startup Fundraising 101: From Seed to Series
Startup fundraising is crucial. It serves as the lifeblood of your startup’s entire operations, from recruiting to research. Research has shown that close to 40% of failed startups attribute their downfall to either running out of funding or not being able to secure enough. But why is funding important for
Bitcoin Price Breaks $41,000 for the First Time in 19 Months
Bitcoin price which has been hovering around the $40,000 level recently, finally surged from under $39,500 to strike above $41,000 on Monday The price of flagship digital asset Bitcoin hit the $41,000 market for the first time since April 2022, early on Monday as the market continues to close the
What are Pre-Seed VC Funds?
Today, you are going to learn what pre-seed venture capital (VC) funds are, and how they can fuel the growth of the early stage of your startup. And the 11 VC Companies Investing in African Startups. Understanding Pre-Seed VC Funds The startup journey can be challenging, particularly in the early
How CWCD is Using Tech to Effect Social Change in Nigeria
Before Khalil Suleiman Halilu was appointed the CEO of the National Agency for Science Engineering and Infrastructure (NASENI), he was someone you could aptly regard as a tech entrepreneur. Halilu had started a couple of tech businesses, such as the on-demand delivery platform, ShapShap. He also sits on the Boards
Pre-Seed Funding for Startups: What it is and How to Get it
Is your startup still just an idea you’ve yet to materialize? If so, it’s pre-seed funding you’ll need to get things off the ground. In this article, we’ll explain what pre-seed funding is and how to raise it. What is Pre-Seed Funding Pre-seed funds are the initial injection of capital that startups
Minister Identifies 6,000 Nigerian AI Researchers Worldwide
In a move towards positioning Nigeria as a global leader in Artificial Intelligence (AI). The Minister of Communications, Innovation, and Digital Economy, Dr. Bosun Tijani, revealed that the Ministry has identified over 6,000 Artificial Intelligence researchers of Nigerian descent across the globe. The announcement came during the Zenith Bank Tech
Top 5 most funded Nigerian startups in 2023
Nigerian startups have become a force to reckon with as they continue to churn out innovative solutions that attract the attention of investors. And with each investment yielding as much as expected returns. Doors are being opened for more funding for both the old and new innovators. This was why
The most funded African startups in 2023
As technology continues to be a major driver of change in the modern world, Africa continues to attract a part of the global venture capital used to drive this change. Though the numbers didn’t match the peak levels of 2021, which can be attributed to the global economic downturn, African
