Collab Capital has secured $75 million for its second fund, expanding its mission to back early-stage startups transforming work, healthcare, and community systems. The firm’s strategy combines capital with deep, hands-on support to create meaningful impact and long-term growth.
WeThinkCode, supported by a $2 million grant from Google.org, is launching an inclusive AI training programme for 12,000 young people in South Africa and Kenya. The initiative targets underserved communities, offering free courses and real-world exposure to help close Africa’s growing AI skills gap.
In 2024, Nigerian banks saw significant profits from their foreign subsidiaries, generating N1.695 trillion — over a third of their total group earnings. Supported by macroeconomic shifts, these offshore operations are increasingly crucial for revenue diversification and growth.
Ogun State has launched AgriConnect, a digital agriculture initiative providing over 1,000 farmers with smart devices, free internet, and AI-powered tools to boost productivity and market access. Supported by Huawei, MTN Foundation, and OGFIMS, the programme aims to drive food security, modernize agriculture, and promote rural inclusion across Nigeria.
World Bank President Ajay Banga has urged stronger, impact-focused partnerships to tackle Africa’s development challenges. Speaking at the AfDB’s 2025 Annual Meetings, he highlighted the importance of strategic collaboration, citing the Mission 300 electricity access initiative as a model.
As Eid-el-Kabir 2025 approaches, livestock prices in Abuja have more than doubled, with traders citing insecurity and limited supply from the North and neighboring countries. Many buyers are now rethinking their celebration plans due to soaring costs.
Nigeria has launched a $7.5 million AI Scaling Hub in partnership with the Gates Foundation. The initiative aims to drive innovation in healthcare, agriculture, and education while positioning the country as a leader in Africa’s AI future.
The Debt Management Office has launched the June 2025 FGN Savings Bonds with interest rates up to 17.121% per annum. The offer runs from June 2 to June 6, providing a secure investment backed by the Federal Government.
Against global economic headwinds, Nigerian startups defied the odds, securing over $100 million in Q1 2025. Fintech led the charge, but clean energy and agritech also saw major wins. Here's a breakdown of the top 10 deals and what they signal for the startup ecosystem.
African artists may be topping global charts, but their streaming earnings tell a different story. From Nigeria to the global stage, unequal payouts on platforms like Spotify are raising urgent questions about fairness, exposure, and the future of music in Africa.