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Saturday, September 19, 2020

Nigerian firm “Farmcrowdy” bags UNIDO award

The United Nations Industrial Development Organisation (UNIDO) has given Lagos-based Farmcrowdy Group the award for “Disruptive Innovation in Agribusiness Technology”. According to a statement made available to the News Agency of Nigeria (NAN) by the group on Thursday in Lagos, the award was given on...

Ghanaian award-winning start-up targets affordable medicine for every African

Nellie Peyton, Thomson Reuters Foundation DAKAR, April 10 - A Ghana-based start-up has received $1.5 million from Ebay billionaire Jeff Skoll to support its work in changing Africa’s pharmaceutical industry to make medicines more affordable. MPharma is one of five social businesses to receive awards...

Bounce News Nigeria nears Shutdown as Naspers Considers Exit

Naspers is planning another major exit from the Nigerian internet business circle. According to a few reports, the South African company is on the verge of pulling out of Bounce News Nigeria, the hugely popular news aggregator. The move could collapse all Bounce News...

Nigerian medtech startup MDaaS Global raises over $1m in equity funding

MDaaS Global, a Lagos-based medtech startup that builds and operates diagnostic centres in Nigeria, has raised just over $1-million in equity funding, reveals a US Securities and Exchange Commission filling made yesterday (1 April). The filling states that up to 12 investors were involved in...

Nigeria’s largest classifieds listing platform acquires OLX Africa Operations

Nigeria’s largest classifieds listing platform, Jiji has reached an agreement to acquire five OLX operations in Africa. According to a press release, Naspers-backed OLX has agreed to sell its operations in Nigeria, Kenya, Ghana, Tanzania, and Uganda to Nigeria’s Jiji. All traffic to local OLX...

Nigeria’s “proptech” boom driven by rising mobile phone use

Didi Akinyelure LAGOS, April 2 (Reuters) - Nigerians searching for their dream home to buy or rent are turning to the internet in droves, leading to a surge in the number of property-focused technology firms. The emergence of these “proptech” companies is due to the country’s...

Nigerian waste management startup attracts N81.4 Million funding

Wecyclers, a Lagos-Based waste recycling company, has won the 2019 King Baudouin African Development Prize worth €200,000 (N104 million) for its development work in Africa. ALSO READ: Atiku’s endorsement, presidency will unite Nigeria – Timi Frank Nigeria’s Wecyclers wins €200,000 Prize in waste management...

Nigerian payments platform Amplify acquired by OneFi

Amplified Payments Ltd, a fintech company that builds and facilitates payment solutions and digital financial transactions in Nigeria, has today announced its acquisition by One Finance Limited. The deal, completed for an undisclosed fee, took effect as of March 1st, 2019, and sees OneFi...

Nigerian logistic startup to launch operation in Ghana and Kenya

Kobo360, the technology logistics platform, today announced that it will expand operations into Accra, Ghana and Nairobi, Kenya. The announcement follows recent news that the company launched in Lome, Togo – home to West Africa’s largest shipping port, and sees a period of rapid...
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