E-Business
LAN, SSEAN and SGC7375 ANGEL Networks Team Up for Trueflutter
Lagos Angel Network, SSE Angel Network and SGC7375 – three networks, have announced their investment in Trueflutter (trueflutter.com), a matchmaking app designed specifically for Africans across the world.
This is in a move that highlights a growing trend of collaboration among Angel Networks in Africa.
Trueflutter is built for African singles who are searching for long term relationships and life partners.
It is designed to be compatible with African culture and value systems, using an advanced matching algorithm, powerful filters and high-end security features to help users find love.
Speaking about LAN’s involvement, Bunmi Lawson of LAN said, “Our goal is to discover, coach and fund entrepreneurs that are using technology to solve real life problems while capturing untapped value in the market. For many eligible singles in Africa, finding a compatible partner can often prove to be a prolonged and daunting experience; we are confident that Dare’s team has created the right product to address this.”
Dare Olatoye, Trueflutter’s co-founder and CEO said, “At Trueflutter, we strongly believe that people should never settle in relationships and have set out to help Africans across the world find life partners. We know our people, understand their preferences and have put that knowledge into building the world’s most culturally compatible matchmaking app. The backing of these Networks is an important milestone in our mission to make Trueflutter platform available to Africans globally. The investment will help us accelerate our ambitious growth plans and take it to Africans across the globe.”
Also speaking, Tokoni Amiesimaka a member of SSE Angel Network said – “We are pleased to support Dare and his team’s customer-centric approach and focus on building a secure, culturally-intelligent, and globally accessible dating platform for Africans. With the widespread adoption of digital social platforms, we believe our investment will empower the Trueflutter team to help African singles, especially millennials, to initiate and build lasting relationships online.”
David Harper, member of SGC7375 Angels on his part said, “My group is very happy to be part of investors taking Dare and his Team to the next phase of their successful product. We feel it is important to support young African entrepreneurs in their products that ultimately fulfill a need and reward the hard work that goes into creating them”
In a statement, Tomi Davies, president, African Business Angel Network and Advisory Board Member at Trueflutter said “In the Post-Covid era, it is more important now than ever before to back startups that have anti-fragile products and business models. With limited public gatherings and social distancing, Trueflutter is in a unique position to help users continue to make meaningful connections. I am very excited by the traction the platform has experienced recently as well as the team’s long-term vision.”
Nigerian government, through the Office of the National Security Adviser (ONSA) and the National Information Technology Development Agency (NITDA), has announced a strategic collaboration to strengthen cybersecurity and clean up the nation’s cyberspace.
Recognizing that cybercrime knows no borders, Nigeria also reaffirmed its commitment to fostering stronger global partnerships within the cybersecurity ecosystem.
This announcement was made during a press conference before the inaugural National Cybersecurity Conference, which is scheduled to take place in Abuja from July 9th to 11th, 2025.
Sa’ad Abubakar, national cybersecurity coordinator from the Office of National Security Advisor, said fighting cybercrime must take the whole of society and the whole of the government approach.
According to him, “Apart from the deterrent approach whereby government agencies such as Economic and Financial Crimes Commission (EFCC) arrest individuals, take them to court and prosecute them, the youth can be nurtured into better citizens who can showcase their capacity in better ways and be useful to the country.”
Similarly, Kashifu Abdullahi, director-general, NITDA, also stressed the need for collaborative efforts in fighting cybercrimes.
According to him “Then, in addition to that, we also want to build a stronger global collaboration with the global cyber security ecosystem, because when you look at cybercrime in general, it doesn’t respect the borders.
“Someone can commit a crime from Ghana using a Nigerian ID in the US. So you can look at him physically in a different jurisdiction, pretending to be in another jurisdiction, committing the crime in another jurisdiction.
“So without that kind of synergy and working together, it will be difficult to address these challenges. The third one is challenge. The third one is getting an alternative to cybercrime for our kids in Nigeria. We have this as a major challenge.”
Inuwa further highlighted the upcoming conference’s importance, noting that it would tackle key issues through workshops, discussions on emerging threats, cross-border cybersecurity collaboration strategies, and training programmes.
He also announced that the National Cybersecurity Conference 2025 would feature the Cybersecurity Excellence Awards, recognising top contributions in the field.
The DG extended an invitation to global partners to collaborate with Nigeria in building a safer digital future.
The press conference was attended by notable figures, including Ahmad Sa’ad Abubakar, National Coordinator of, the National Cybersecurity Coordination Centre (NCCC); Hanniel Jafar, Representative of the President, of Cyber Security Experts Association of Nigeria (CSEAN); Ankit Shukla, Managing Director, QNA Marketing Management LLC and members of the press and other stakeholders.
XIAN Telecom has acquired an 8% stake in pan-African e-commerce company Jumia Technologies, citing the platform’s fintech and logistics strengths as key drivers of its backing.
This marks the first major telecom investment in Jumia since MTN Group’s exit in 2020.
AXIAN, a fast-growing telecom and digital services provider with operations across Africa, disclosed the purchase in a Schedule 13D filing with the U.S. Securities and Exchange Commission.
While the financial terms were not disclosed, AXIAN Telecom CEO, Hassan Jaber, described the move as a strategic alignment with Jumia’s growth trajectory and digital ecosystem.
“Jumia’s achievements in digital retail and fintech, particularly through JumiaPay and its logistics network, make it a very attractive investment for us. We believe in Jumia’s potential to promote financial and economic inclusion, which aligns with our core values,” said Jaber.
Once dubbed the “Amazon of Africa,” Jumia became the first African-founded tech company to list on the New York Stock Exchange in 2019.
But years of underperformance, leadership changes, and competitive pressures dented investor confidence.
In October 2020, South Africa’s MTN Group offloaded its 18.9% stake for $138 million, well below the $698 million value it once held post-IPO.
Since then, Jumia has undergone a significant transformation. Under CEO Francis Dufay, appointed in 2022, the company exited low-performing markets like South Africa and Tunisia, cut costs, and doubled down on core markets – Nigeria, Kenya, Egypt, and Morocco.
The firm is now focused on high-growth verticals, including everyday essentials and digital financial services.
Jumia’s regional CEO for East Africa, Vinod Goel, recently revealed plans to scale up international brand offerings and open its logistics network to third-party businesses.
Jaber underscored that AXIAN Telecom’s investment signals renewed confidence in Jumia’s long-term potential.
The telecom firm’s CEO said the company views Jumia as a key player in advancing Africa’s digital economy, aligning with AXIAN’s mission through its fintech and digital infrastructure brands such as Yas and Mixx by Yas.
Abisoye Coker-Odusote, director general, National Identity management commission (NIMC) has said that the commission is set to register 95 percent of Nigerians into the National Identity Database before December 2025.
Abisoye Coker-Odusote,, DG, NIMC
She made this statement at a press briefing to highlight the commissions goal aligns with President Bola Tinubu’s Renewed Hope Agenda, particularly on digital governance and inclusive development.
The mass enrollment drive will be powered by a combination of improved infrastructure, expanded registration centres, and robust public sensitization campaigns.
As of May 2025, NIMC reports over 120 million Nigerians have been enrolled, and about 100 million more would be captured by December.
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