Nigeria launches its first compliant stablecoin, cNGN
Nigeria launches its first compliant stablecoin, cNGN, marking a significant milestone in the nation’s financial sector. Developed by the Africa Stablecoin Consortium (ASC), cNGN is pegged 1:1 to the Nigerian naira and is now available on licensed digital asset exchanges such as Busha and Quidax. This initiative is expected to
40 African startups raised $289m in January 2025
The year is off to a bullish start for the African startup space as 40 African startups raised $289m in January 2025, a 240% increase from the $85 million recorded in January 2024. According to new data from Africa: The Big Deal, this was the highest amount raised in January since
10 Startup Mistakes to Avoid Before You Launch
Every startup begins with an idea—but turning that idea into a thriving business demands more than enthusiasm. It requires a clear strategy, an understanding of the market, and the ability to anticipate and avoid common pitfalls. Research shows that a significant percentage of startups fail due to avoidable mistakes rather
How Adedayo Adegoke is Helping Students Stay in School with Affordable Financing
Adedayo Adegoke is the founder/CEO of Payskul, a digital platform that helps Parents and Students flexibly access low interest rates to pay tuition fees, books, uniforms, excursions amongst other school related financial demands. He has worked with key frontend, backend and UI/UX developers to build a seamless E-Logistics Platform which
Late Stage Tech Startups Revenues: Strategies, Models, and Growth Metrics
As early-stage ventures mature, they transition into “late stage” companies—businesses that have not only proven their product-market fit but have also built substantial revenue streams. For these startups, revenue isn’t just a vanity metric; it’s the lifeblood that fuels expansion, scaling, and ultimately, successful exits or IPOs. In this post,
What is Guaranteed or Secured Revenue for a Startup
In business, cash flow is the lifeblood that keeps the business running. Unlike established companies with stable income streams, startups often face uncertainty in revenue generation. One way to overcome this hurdle is by building a portfolio of guaranteed or secured revenue—a set of reliable, predictable income sources that can
How to Value a Pre Revenue Startup
In the startup space, determining the value of a company that hasn’t yet generated revenue can seem like a mystery. Yet, for both founders and potential investors, understanding how to value a pre revenue startup is critical for securing funding, establishing credibility, and charting future growth. So in this article,
NIBSS enhances NQR payment system to drive Nigeria’s cashless economy
Nigeria Inter-Bank Settlement System (NIBSS) enhances Nigeria Quick Response (NQR) payment system to drive Nigeria’s cashless economy, strengthening Nigeria’s push toward a cashless economy. The upgrade aims to make digital transactions more seamless, secure, and widely accessible for businesses and everyday users. The system now supports both Person-to-Person (P2P) and
Tuma Ventures enters Tanzania with new PSP licence approval
Nairobi-based fintech company specialising in “softPOS” technology, Tuma Ventures enters Tanzania with new PSP licence approval. This move will enable Tuma to broaden its financial services within Tanzania, offering real-time payment processing for merchants, mobile wallet solutions, and float management for other fintech companies. These services are designed to advance
Lagos state partners with Huawei to advance smart transport solutions
Lagos state partners with Huawei to deploy four new Intelligent Transport System (ITS) sites across key locations, aiming to enhance traffic management and road safety. The new ITS sites aim to streamline traffic flow and reduce congestion using advanced monitoring and AI-powered traffic solutions. The initiative will enhance road safety for commuters
