30 results
- 29 Oct 2021
Catalytic Africa Goes Live at 2021 AfriLabs Annual Gathering
AfriLabs, in collaboration with African Business Angels Network (ABAN), has officially launched Catalytic Africa, a co-matching fund designed for African startups, at the AfriLabs Annual Gathering…
- 3 Jan 2024
Koree Secures $200K Pre-Seed Round For Innovative Digital Savings And Cashback Platform
Cameroonian fintech Koree has closed a pre-seed round of $200,000 which it plans to use to grow its merchant base. Koree, a fintech that allows customers to save spare cash (change) on their cards,…
- 21 Nov 2025
Momentum gathers for Africa’s Digital Future as Nigeria welcomes the IEEE CTU Africa Summit 2025
In a landmark moment for the continent's technological advancement, Nigeria has been selected to host the prestigious IEEE Connecting the Unconnected Africa Summit 2025 (CTU Africa 25) . The event,…
- 2 May 2023
AfDB, Africa Fintech Network sign $525,000 Grant to Strengthen Fintech in Africa
The African Development Bank, has signed a $525,000 grant agreement with Africa Fintech Network (AFN) for the setup of the Africa Fintech Hub, an online portal that will serve as a one-stop shop for…
- 8 Jul 2013
Obama the Africapitalist: Creating Private Sector Development Model
Opinion by Tony Elumelu Last week was the first time, in my memory, that a U.S. president came to Africa with investment at the top of his agenda and prioritised meeting with the continent's business…
- 29 Jul 2015
AfDB in Talks on Use of Technology to Empower Women
The African Development Bank held high-level consultations with the Dutch government about developing a platform for providing women with market information to enhance their participation in…
- 7 Aug 2024
Founders Factory Africa Rebrands to 54 Collective
Founders Factory Africa (FFA), leading African venture capital firm has announced its rebrand and name change to 54 Collective, evolving its business model to better support transformative technology…
- 19 May 2026
AFC Invests $100m in Africa-focused Technology Fund Managers
The Africa Finance Corporation (AFC), said its board has approved a commitment of $100 million to invest in Africa-focused technology fund managers. The commitment comes amidst growing interest in…
- 18 Jun 2019
Ecobank Emerged ‘Best Retail Bank in Africa’ @ African Banker Awards
Ecobank has been named Best Retail Bank in Africa 2019 at the prestigious African Banker Awards. The judges were especially impressed by how Ecobank’s state-of-the-art products, services,…
- 18 Jan 2024
UNDP Launches $1bn Innovation Fund for African Start-ups
To support business start-ups across Africa, the United Nations Development Programme (UNDP) has launched a $1 billion innovation fund to fund their initiatives. Named the “timbuktoo Africa…
- 9 Dec 2021
Phase3 Receives Top Honour for Industry Contributions
Phase3, West Africa's leading end-to-end fibre network infrastructure and digital services provider is 'best fibre optic infrastructure service provider' at Cyber Africa Award and Forum 2021. This…
- 3 Nov 2025
UK’S Mobilist Facilitates Secondary Sale of Listed Shares in InfraCredit
The UK’s Mobilist programme has successfully traded its investment in Nigerian credit guarantee company InfraCredit to five Nigerian pension funds, thereby helping to mobilise more local…
- 14 Mar 2025
Tony Elumelu Foundation Set to Announce 2025 Cohort of TEF Entrepreneurship Programme
The Tony Elumelu Foundation (TEF), Africa’s leading philanthropy empowering entrepreneurs is set to announce the 11th cohort of the TEF Entrepreneurship Programme on Saturday, March 22, 2025. The…
- 14 Dec 2012
AfDB Gives FirstRand $300m for Projects in Africa
Board of Directors of the African Development Bank (AfDB) has approved a seven-year multi-currency line of credit for an amount equivalent to USD 300 million to FirstRand Bank Limited (FRB) of South…
- 28 Apr 2025
AFC Appoints Ireti Samuel-Ogbu as Chair of Board of Directors
Africa Finance Corporation (AFC), the continent's leading instrumental infrastructure solutions provider, has announced the appointment of Mrs Ireti Samuel-Ogbu as Chair of its Board of Directors.…
- 28 Dec 2020
Data Scientists to Transform Ibadan to Data Economic Hub
A newly released report has placed the largest city in the South West and the third most populous city in Nigeria, Ibadan as the next city that set to control the data economy in the region. The…
- 29 Feb 2024
Tony Elumelu Foundation enters Harvard’s Curriculum
In an unprecedented move, the Harvard Business School, the graduate business school of Harvard University, is set to cast the spotlight on the Tony Elumelu Foundation (TEF), recognising the…
- 21 Dec 2009
AfDB, UBA Sign Landmark USD 150 million Loan
African Development Bank (AfDB) and the United Bank for Africa Plc (UBA) has signed a two- loan agreement for a total of USD 150 million. Aloysius Uche Ordu, vice president, Regional and…
- 1 Nov 2023
Africa Online Safety Fund Announces Grant Winners
The Africa Online Safety Fund (AOSF), an initiative supported by Google.org, has announced the winners of this year’s grants. Among the recipients are six organisations operating in Nigeria: Access…
- 10 Apr 2025
Africa Plans to Establish a $60Bn AI Fund
A $60 billion Africa AI Fund is set to be established, leveraging public, private, and philanthropic capital. The goal is to build a secure, inclusive, and competitive African AI economy through…
- 30 Aug 2021
NITDA Affirms Stakeholder Engagement in Re-Enacting the NITDA Act, 2007
The National Information Technology Development Agency (NITDA), has began to rally ICT stakeholders and the general public on the process of repealing and re-enacting the NITDA Act, 2007 which is…
- 20 Jan 2021
Mastercard Study Predicts Massive Fintech Disruption in Africa
A new study by the Mastercard Economics Institute says the COVID-19 pandemic has presented Africa with massive growth opportunities for fintech companies, predicting the sector will, this year, play…
- 4 Dec 2025
Afreximbank Taps Nigeria to Lead Africa’s Digital Trade Revolution
Yemi Kale, Afreximbank’s Group Chief Economist, yesterday said that Nigeria is positioned to drive Africa’s transition into a digitally enabled trade ecosystem, arguing that the country’s demographic…
- 15 Dec 2015
A dirge to the NgREN
One of the proudest moments in the history of the Nigerian Education sector was the successful implementation and commissioning of the Nigerian Research and Education Network (NgREN). Being the first…
- 27 Jan 2026
ASVLP 2026: Africa, MENA VCs Gear Up as Tech Funding Hits $4.1bn Rebound
As Africa and MENA’s startup ecosystems transition from post-correction resilience into a new phase of disciplined growth, the Africa Startup & VC Landscape Preview (ASVLP 2026) will convene…
- 12 Jul 2020
A Dirge to the Nigerian Research and Education Network
By Austin Okere There is no cheer about the recent pronouncements from the hierarchy in the education sector and the long-term impact on our youth. “Nigerian government reverses resumption of…
- 8 May 2026
AfDB Approves $61m Package to Boost Women-led Businesses in Nigeria
The Board of Directors of the African Development Bank Group (AfDB) approved a $61 million financing package for the Development Bank of Nigeria (DBN) to expand access to affordable credit for…
- 28 Dec 2012
Elumelu’s Heir Group Develops Commodity Trading Platform
Heirs Holdings, the African investment company focusing on principal investments in a variety of sectors across Africa, plans to establish the Africa Exchange Holdings Limited (AfEX), a platform to…
- 10 Apr 2025
AFD Commits €3m to Africa’s Financial Inclusion
The Agence française de développement (AFD) is contributing an additional €3 million to the African Development Bank (AfDB)-managed Africa Digital Financial Inclusion Facility (ADFI) to help…
- 30 Mar 2023
Online Safety: Fund Seeks Applicants for Grant Awards
Impact Amplifier (IA) has sent out a call for applicationsfor the award of grants under its $1,000,000 Africa Online Safety Fund (AOSF). This project is made possible with the support of Google.org.…