Nigeria’s electronic payment ecosystem witnessed a historic leap in Q1 2025, with transactions hitting N284.9 trillion — a 22% rise year-on-year, signaling the nation’s steady shift toward a cashless future.
The ALCB Fund has raised $30 million through a landmark 10-year bond issuance backed by a UK institutional investor—marking a major step in attracting international capital to Africa’s local currency debt markets.
Ahmadu Bello University has been awarded a €5 million grant from the European Union to develop an AI-powered microscope aimed at revolutionizing the diagnosis of parasitic diseases across Africa.
Blueroomcare, a Nigerian digital mental health startup, has received a fresh $50,000 follow-on investment from EHA Impact Ventures, strengthening its mission to make therapy more accessible and culturally relevant across Nigeria.
Early-stage African startups can now apply for the TractionBoost Accelerator – a two-month programme designed to support pre-seed readiness through funding, mentorship, and investor access.
Rwazi has secured $12 million in Series A funding to scale its AI-powered consumer data platform, enabling brands to access real-time insights across 190 countries.
Bootstrapped Nigerian fintech startup, Payaza, raised and repaid ₦14.9 billion through commercial papers in under six months—marking a rare financial milestone in the country’s startup ecosystem.
Nestuge, a bootstrapped Nigerian startup, has paid over ₦500 million to digital creators in just two years. Built to empower creators with monetisation tools, the platform is proving that big impact doesn’t always require big funding.
Kenyan logistics software startup Leta has launched in Ghana following a $5M seed funding round, marking its seventh African market expansion and partnership with Simbisa Brands.
The RevUp Women Initiative has launched its Nigeria Edition to support 150 women entrepreneurs across Lagos, Abuja, and Abia, with a focus on agribusiness and e-commerce. The program offers capacity-building, mentorship, networking, and access to $24,000 in grant funding.