Naked, a South African insurtech firm, raises $38M to deepen its investment in automation and AI
Naked, a South African insurtech firm, has successfully raised $38 million (around R700 million) in its Series B2 funding round. This investment was spearheaded by global impact investor BlueOrchard and included increased contributions from existing backers such as Hollard, Yellowwoods, the International Finance Corporation (IFC), and Germany’s development finance institution,
Top 10 Investment Opportunities in Nigeria This Year
Nigeria has one of the largest economies in Africa. Despite the inflation that has befallen the once giant of Africa, there still remain top investment opportunities that are rewarding and worth buying into. In 2025, it is important to invest your money wisely and not let it sit idle. With
What is a Portfolio Company?
In the world of private equity, venture capital, and corporate investments, what is a portfolio company, frequently comes up. But what does it really mean, and why is it significant? Whether you’re an entrepreneur seeking funding or someone interested in the mechanics of investment strategies, understanding the concept of a
Nigeria becomes 13th most vulnerable country to cyberattacks
Between May and December 2024, Nigeria becomes 13th most vulnerable country to cyberattacks in seven months, climbing from the 35th to the 13th position on the Global Threat Index. During this period, the country’s normalized risk index escalated from 46.5% to 62.3%, indicating heightened vulnerability to cyber threats. The Global
Meta to launch Edits to compete with CapCut
Meta to launch ‘Edits,’ a new video editing application designed to rival existing tools like CapCut. This strategic move aims to enhance Meta’s creative ecosystem by providing users with advanced features, including artificial intelligence, to produce high-quality video content seamlessly integrated with its platforms. The ‘Edits’ app offers a comprehensive
Accra Metropolitan Assembly simplifies business permit payments
The Accra Metropolitan Assembly (AMA) has introduced a shortcode-based payment platform to facilitate the acquisition of business operating permits and the payment of property rates. By dialing 22233# for business permits and 22255# for property rates, business owners and residents can now complete transactions directly from their mobile devices, eliminating
Waza launches Lync to empower African startups with cross-border payment
Waza, a B2B payments startup supported by Y Combinator, is channeling its recent $8 million funding into the launch of Lync, a banking solution aimed at transforming international transactions for African enterprises. Lync enables businesses to receive and send payments across more than 100 countries, accommodating currencies such as USD,
Rebecca Enonchong: Africa’s Technology Advocate and Entrepreneur
Rebecca Enonchong, often referred to as one of Africa’s leading voices in technology, is a renowned entrepreneur, advocate for technology innovation, and a trailblazer in the African tech ecosystem. Known for her advocacy of tech-driven development and her outstanding entrepreneurial journey, Rebecca has become a prominent figure in conversations surrounding
The Intersection of Technology and Entrepreneurship in Africa: Opportunities and Challenges
Africa is witnessing a dynamic transformation driven by an entrepreneurial surge across the continent. Creating a new wave of entrepreneurs is redefining traditional business landscapes. Fueled by resilience and innovation, these entrepreneurs are capitalizing on the continent’s unique opportunities, including its youthful population, abundant natural resources, and growing digital infrastructure.
Cashlet Achieves Remarkable Growth 1 Year After Regulatory Licensing, Celebrates Transformative Impact In Kenya
Cashlet, a revolutionary fintech platform transforming financial inclusion, is celebrating a year of outstanding growth and impact following regulatory licensing by the Capital Markets Authority (CMA) of Kenya. The CMA approval enabled Cashlet to go commercially public in January 2024, empowering 13,000 active users and facilitating over $1.2 million in
