Applications are now open for the Tony Elumelu Entrepreneurship Programme (TEEP), offering African startups training, mentorship, and $5,000 seed funding. Join a network of 10,000 entrepreneurs driving innovation and economic growth across the continent. Apply today!
SC Ventures and Yabx have partnered to invest $10 million in Furaha, an innovative platform aimed at transforming education financing in sub-Saharan Africa. With a focus on increasing financial accessibility, Furaha is set to empower families and foster brighter futures for millions of children across the continent
Zenith Bank has announced a 20% salary increase for its nearly 10,000 employees, effective January 2025.
Accrue, a Nigerian fintech startup, has raised $1.58 million in seed funding led by Lattice Fund. Originally launched as a crypto investment platform, Accrue pivoted to address cross-border payment challenges in Africa.
Visa has invested $10 million in Nigerian fintech unicorn Moniepoint, marking a significant step toward expanding contactless payments across Africa. Moniepoint, a leader in agent banking with over 200,000 PoS agents, processes $22 billion in monthly transactions. This partnership aims to deepen financial inclusion, empower SMEs, and address the challenges of cash-dominated microtransactions in Africa’s $1.4 trillion retail market.
Nigeria's energy sector recorded a groundbreaking $6.7 billion investment in 2024, with significant contributions to oil and gas, clean energy, and metering initiatives.