Best Banks for Small Business Startup Loans in Nigeria
Starting a small business in Nigeria requires not only a robust business plan but also access to adequate financing. Securing the right startup loan can significantly influence the success trajectory of a new enterprise. This article explores some of the best banks for small business startup loans in Nigeria with
Google’s Taara Lightbridge takes on Starlink with laser-powered internet
Alphabet, the parent company of tech giant Google, is picking up a fresh fight with Elon Musk’s Starlink as Google’s Taara Lightbridge takes on Starlink with laser-powered internet. Taara Lightbridge, a project originally developed under its X “moonshot” division, will become a standalone company, challenging Starlink in the race to connect underserved
Top 19 Startups in Nigeria Making a Difference This Year
Nigeria’s startup ecosystem has experienced remarkable growth in recent years, positioning itself as a hub for innovation and entrepreneurship in Africa. With a burgeoning population and increasing internet penetration, the country offers fertile ground for startups across various sectors. In this article, we spotlight 19 startups in Nigeria making significant
33 Startups in South Africa to Watch This Year
In 2024 alone, startups in South Africa raised an impressive $2.3 billion, marking a 45% increase compared to the previous year. Positioning the country as a leading innovation hub on the African continent. This surge in investment has fostered the emergence of numerous startups across various sectors, including fintech, healthtech,
Safaricom’s M-PESA decline continues as Airtel Money gains
Safaricom’s M-PESA decline continues for the fifth consecutive quarter, weighed down by increased interoperability and Airtel Money’s aggressive promotions, including transaction fee refunds as airtime. M-PESA’s market share fell by 2.3 percentage points to 91% in Q4 2024 compared to Q3, while Airtel Money grew from 7.6% to 8.9% in the
China vs U.S. Investment in Africa: What You Need to Know
China vs U.S. investment in Africa is not just a headline—it is the unfolding story of a continent on the rise and the global powers determined to be part of that journey. What does this mean? Africa’s importance on the global stage is rising due to its abundant natural resources,
MTN and Airtel accounted for 57% of IHS Towers’ revenue in 2024
MTN and Airtel accounted for 57% of IHS Towers’ revenue in 2024, highlighting its heavy reliance on a handful of key customers in its largest market. Nigeria, which contributed 58.3% of IHS Towers’ total earnings, remains the dominant revenue driver for the world’s fifth-largest multinational tower company. IHS Towers’ revenue
How to build a credit score in South Africa via the Pokkit way
In South Africa, borrowing money has traditionally been the primary way to build a good credit score. But a startup called Pokkit Score (Pokkit), founded in 2023, is providing a new way. Instead of relying on debt, Pokkit helps people improve their credit scores using their savings. This approach seeks
Quidax joins Busha to list SEC-regulated cNGN stablecoin
Nigerian crypto startup, Quidax joins Busha to list SEC-regulated cNGN stablecoin after receiving a provisional licence in August 2024. The move, which comes a month after another provisionally-licenced crypto startup Busha listed the cNGN, underscores Nigeria’s evolving approach to crypto regulation, balancing oversight with the growing adoption of digital currencies. The March 12
Loan defaults as Decagon pivots business model
Nigerian tech training institute, Decagon pivots business model away from tech education, according to sources familiar with the matter. The company, which previously specialised in software engineering training, will now concentrate on assisting learners in gaining admission to master’s programmes abroad. Founded by Chika Nwobi in 2018, Decagon launched its first
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