The Startup 360 Connect Programme is calling on innovative startups from Kenya and the broader East African region to apply. Backed by the UK Government, this initiative offers mentorship, investment opportunities, and strategic networking to help startups expand into global markets.
THE BIG PITCH 2025 is here! Startup Club ZA and the South African Future Trust are offering a $1 million investment and national media exposure to the most innovative early-stage startups. Apply now and take your business to new heights!
Nigeria is set to launch a $40 million fund to support early-stage tech startups, with equal backing from JICA and NSIA. The initiative, part of the Nigeria Startup Act, aims to fuel innovation, provide tax incentives, and drive economic growth. With 13,000 startups already registered, the government is working to expand awareness and ensure all 36 states and Abuja benefit from this groundbreaking opportunity.
Leta has raised $5 million in seed funding to scale its AI-powered logistics platform, helping businesses streamline deliveries, cut costs, and improve efficiency. With backing from Speedinvest, Google’s Africa Investment Fund, and Equator, Leta is set to revolutionize logistics across Africa.
A new report by MO Africa Co. estimates that men in Lagos spent ₦661 billion on transactional sex in 2024. Covering 20 LGAs, the study explores spending trends, motivations, and the growing digital market for sex work.
Transcorp Group has delivered an exceptional 2024 financial performance, with a 188% profit increase and 107% revenue growth. Strong execution in power, hospitality, and energy investments solidifies its market leadership. Read more on how Transcorp continues to drive sustainable growth.
Nigeria’s Exports Surge to $50.4 Billion as Weaker Naira and Subsidy Cuts Reshape Trade Balance
Moniepoint’s Women in Tech program is growing! Now in its fifth year, the initiative has increased its internship slots from 10 to 15, equipping more women in Africa with the skills and confidence needed to thrive in tech.
Nigerian artists earned over ₦58 billion from Spotify in 2024, marking a record-breaking year for the country’s music industry. With a surge in global streams and playlist features, Nigerian music continues to dominate international charts.
Lagos has cemented its position as one of Africa’s top economic hubs, with its GDP reaching $259 billion in 2023. The state experienced significant growth in early 2024 and aims for further expansion in 2025. Despite its booming economy, challenges such as high inflation and revenue mobilization need to be addressed for sustained growth.