What Techstars Exit Means for African Startups
Techstars has ended its Lagos accelerator program, closing out a two-year run of investing in early-stage African startups. While this signals the end of its physical presence in Nigeria, Techstars plans to keep supporting African founders through its global network. But this exit leaves a big question Launched in December
100 Small Business Ideas in Africa This Year
Africa’s entrepreneurial world is booming, with opportunities ripe across various sectors. For aspiring business owners, there are numerous small business ideas that leverage the continent’s unique strengths and growing markets. Here are 100 small business ideas in Africa across various industries, each with the potential to thrive. Agricultural Small Business
100 Small Business Ideas in Nigeria This Year
Starting a small business in Nigeria can be rewarding, especially if you identify a niche that meets local needs or leverages your skills. From online-based services to traditional enterprises, here are 100 small business ideas in Nigeria that you can start with relatively low capital. 100 Small Business Ideas in
How Dr. Jesca Mhoja Nkwabi is Building a Global Business with Local Impact
In an era where innovation and diversification are crucial for economic growth, Dr. Jesca Mhoja Nkwabi stands out as a leader in Tanzania’s business space. As CEO of KOM Group of Companies, Dr. Nkwabi has led her company into diverse sectors, including agroprocessing, food manufacturing, and steel production. Her leadership
Quickfire Questions with Dr. Jesca Nkwabi, the CEO of KOM Group
In an era where innovation and diversification are crucial for economic growth, Dr. Jesca Mhoja Nkwabi stands out as a leader in Tanzania’s business space. As CEO of KOM Group of Companies, Dr. Nkwabi has led her company into diverse sectors, including agroprocessing, food manufacturing, and steel production. Her leadership
MoMo PSB Launches Gift Card, Cross Border Remittance Services
The fintech subsidiary of MTN Nigeria, MoMo PSB launches gift card, cross border remittance services to enable customers in Nigeria to send money to 13 African countries through its app and USSD channels. With this development, users in Nigeria can now send money directly to the Benin Republic, Cameroon, Congo
Google Commits $5.8 Million for AI in Sub-Saharan Africa
Google to commit $5.8 million for AI in sub-Saharan Africa to accelerate AI skilling initiatives across the region, aiming to empower individuals and organizations to use AI for economic growth and social impact. This investment will also support organizations dedicated to equipping people across the continent with essential AI skills.
Meta Looks to Challenge Google and Bing with In-house AI Search Engine
Meta looks to challenge Google and Bing with in-house AI search engine, aiming to reduce its reliance on them for delivering search results to users. This initiative could signify a major shift for Meta, which relies on Google and Bing for its responses on Meta AI, its chatbot integrated across
DPI Leads Moniepoint’s $110 Million Series C Round
British private equity firm Development Partners International led the investment of Moniepoint’s $110 million series C. The funding round puts Moniepoint in the unicorn club, the Financial Times reports. Other investors in the round include Google’s Africa Investment Fund, Verod Capital, and Lightrock. The company will use the capital raised
Morocco Invests $36 Million to Make Rabat a Gaming Hub
Morocco invests $36 million (360 million dirhams) to make Rabat a gaming hub. This significant development, a centerpiece in the country’s 2025 Finance Bill, aligns with its ambitions to position itself as a leading gaming industry player in both Africa and the Middle East. The gaming zone in Rabat will
