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Startups Tag

UK Group Launches £2m COVID-19 Fund For MSMEs In Nigeria

A group affiliated to the United Kingdom’s government, the Enhancing Financial Innovation & Access (EFInA) has launched a £2 million COVID Fund to support solutions that can reasonably provide succor to the debilitating impacts of the COVID-19 pandemic on low-income individuals/households and MSMEs in Nigeria. The funds, provided by the UK Government’s Foreign, Commonwealth & Development Office (FCDO), is expected to support financial service-enabled solutions for access to liquidity, healthcare, and food. This disclosure was made by the British Deputy High Commissioner, Ben Llewellyn-Jones, during a webinar on December 8th, which was focused on how to address most challenges posed by the COVID-19 pandemic in developing nations. According to the EFInA’s Chief...

How A Tech Startup Can Thrive During A Crisis

Arlene Mulder is the co-founder of BiB, the first audio library app exclusively for African content available on both the App store and Google Play store. In the BiB app, you can directly purchase and listen to a curated selection of African books, series, and theatre pieces narrated by acclaimed local voice artists. Africa’s rich tradition of storytelling is acknowledged and preserved for future generations on this contemporary platform which effortlessly shares this continent’s original narratives with a worldwide audience. Read also: West African Tech Startup Expands Offering Earlier this year BiB was still an idea. Arlene was working on various projects as a strategic business consultant, however, lockdown amplified her desire to find...

6 Factors Standing In The Way Of Expanding Your Business

If you have been running a small business for a while now, the chances are good that you are itching to expand your horizons and see your establishment grow to reach its full potential. The question is, how can you overcome the obstacles that are currently standing in your way?  Below, you will find a list of some of the most common factors that prevent so many business owners from embracing the opportunity for business growth, as well as some advice on how to side-step these challenges with relative ease.  A lack of resources Perhaps you do not have access to the technology necessary to take the next steps towards...

Ride-Hailing Startup, Bolt, Founded By A 19-Year Old Raises Another $182m To Invade Its African Market

Mobility startups in Africa are in for a rollercoaster ride as a leading player in the African digital mobility sector, Estonia-headquartered Bolt (formerly Taxify) has just raised another $182 million to tackle its African market. “This round was the first time we raised with most of the previous round still in the bank, despite the pressures of Covid” he said. “This shows the frugality of the company. Due to lockdowns, we were not as aggressive as we would have liked to be, so financially we are now in a very good position for 2021,” comments 25-year-old Markus Villig, CEO of Bolt. Read also: Amazon Comes To North Africa, Launches...

Data Can Help Business Recovery

If you have a data problem, you are not alone. Data is growing at speeds no one could have predicted ten years ago, but few companies have put a stake in the ground to control the flood, and those who have are reaping the benefits of more agile decision-making. Read also: A New $4 Million Fund Launched For Off-grid Companies In Kenya By AECF Why? Because with a good foundation of data and a more acute understanding of customers, organisations will have the tools at hand to shift their business model and shape it around the needs of customers as well as identify gaps and inefficiencies in...

54Gene Launches Africa’s First Private Lab for Human Genome Sequencing

NIGERIA – 54Gene, a health tech startup, has announced the completion of a lab capable of carrying out whole genome sequencing of humans. Abasi Ene-Obong, the startup’s CEO, said the lab is powered by Novaseq 6000, a best-in-class sequencing technology solution produced by American biotech company Illumina. Located in Nigeria, this lab is the product of a partnership between Illumina and 54Gene announced in the first week of September. Read also: Trueflutter Secures Funding From Three Local Angel Networks To Accelerate Its Growth Plans The African genome is believed to be the oldest human genome. As such, Africa has more genetic diversity than any other continent. However, less than 3%...

Agritech Startups In Africa Invited To Apply To FarmCrew Innovation’s $50k Fund

Agritech startups in Africa are invited to apply to FarmCrew’s innovation fund which plans to award 10 African founded agritech startups to the tune of $50,000. FarmCrew Innovation Fund (FCIF) was created to support agritech startups by funding ideas and innovative solutions that improve agriculture in Nigeria and Africa. Here Is What You Need To Know FCIF aims to connect entrepreneurs to related agritech networks and create opportunities for investment.FarmCrew is in search of agritech startups with cutting-edge innovative(this word was used several times, try to source synonyms for innovative) ideas and solutions to positively impact the agriculture industry in Africa. After evaluating the concept, technology, scale-up, strength, and potential...

Catalyst Fund Launches A New $4.3m Accelerator Program For Ecommerce Startups In Ghana

Good news for ecommerce startups in Ghana. A new partnership between Catalyst Fund, Mastercard Foundation and MEST has birthed a new accelerator programme, known as Inclusive Digital Accelerator programme. This is Catalsyst Fund’s first expansion of its flagship inclusive fintech programme outside fintech.  “We’re thrilled to announce the first Catalyst Fund expansion programme, which builds on lessons learned supporting inclusive fintech companies in emerging markets over the last five years. Through the Inclusive Digital Commerce Accelerator, we aim to impact informal MSEs in Ghana who, particularly in light of the COVID-19 crisis, lack access to a financial safety net and find their livelihoods impacted when physical commerce suffers,”...

5 Nigerian Startups Selected To Join 7 Others At The Africa Tech Summit Connects (ATS)

Five Nigerian firms have been shortlisted among the 12 African startups to pitch live at this month’s digital Africa Tech Summit Connects in Kigali, Rwanda. This is to showcase their solutions to the global audience of 500 investors, corporates, and other stakeholders. Read also: Nigerian Ed-Tech Startup Edves To Raise Funding To For Further Expansion In Africa Disrupt Africa and Africa Tech Summit (ATS) disclosed it had reviewed its partnership to integrate startup-focused sessions plenary and pitching chances in its virtual Africa Tech Summit Connects event scheduled to hold virtually on the 20th – 22nd of October 2020. What you need to know ATS is a fully-virtual event and not...

Nigerian Agritech/Fintech Startups Have A Big Customer Education Problem

On the evening of June 12, 2020, three longtime friends — all in their mid-twenties — finally had a long-overdue reunion by taking advantage of the public holiday that accompanies the commemoration of Democracy Day in Nigeria. As it so often happens when the youthful trio gets together, it was only a matter of time before the conversation moved from “important nothings” to money matters. As they were all keeping busy working full-time jobs with subpar pay, they were always on the lookout for ways to beef up funds. When one of the trio, Val (not real name), spoke of a legit agro-investment startup that offers up...