E-Business
VC4Afrcia Reveals 12 Top Tech Start-Ups Building Platforms
![demo africa.jpg](https://www.nigeriacommunicationsweek.com.ng/wp-content/uploads/2014/10/demo africa_3.jpg)
Few weeks after they launched their products at DEMO Africa 2014 before investors, media, strategic buyers and others attendants from around the world, VC4Africa has revealed that 12 African tech start-ups are currently building amazing platforms.
VC4Africa has declared that only accredited investors who registered a VC4Africa Pro Account can access the company’s private documents, business plans, financial projections and all other details from the listed ventures’ VC4Africa profiles.
The 12 top tech start ups are as follows:
Cribpark – Nigeria
Cribpark is a web-platform including home design catalogue, web shop, and project management tools for design and construction.
The service can be used also on mobile devices. Funding amount required: USD 250,000
Funding to date: All funds raised for Cribpark so far have been from the founders.
Other requirements: Mentorship, Partnerships, Endorsements
Cube – Nigeria
Cube enables anyone (whether individual or business entity) to accept card payments in person with their phone.
The service also works without internet connection. Funding amount required: About USD 400,000 additional capital.
Funding to date: Approximately USD 100,000
Feedbackplus – Nigeria
Feedbackplus lets customers give feedback to different organizations online or through a mobile app.
It also provides organizations with a platform on which to interact with customers and track their feedback. Funding amount required: USD 200,000.
Funding to date: USD 55,000. Other requirements: Mentoring
Foodstantly – Nigeria
Foodstantly is an online marketplace which provides customers with fresh as well as cooked food and home delivery services. Suppliers benefit by having a Mobile-web platform to set up online shops, accept payments, sell and deliver their products.
Funding amount required: USD 150,000. Funding to date: Personal funding / Bootstrapped
Other requirements: Co-Founder and recruiting more talent
Hutbay – Nigeria
Hutbay is a platform that helps real estate consumers find and share vital information about real estate, mortgages, and agents. The platform also connects users with real estate professionals in Nigeria. Funding amount required: USD 200,000.
Funding to date: USD 32,000 in seed funding & USD 45,000 in startup funding. Other requirements: Mentoring
LocName – Egypt
LocName is an application that gives a short, unique name for your address, which you can share easily in just 2 seconds. Directions to reach your place! Funding amount required: USD 100,000
Funding to date: USD 15,000. Other requirements: Advertising, Partnership in other companies, Mentorship
MobileJobs (powered by SOMTEC) – Ethiopia
MobileJobs provides web and mobile job alert and recruitment services.
The service is designed for a country where many people have limited access to the internet.
Funding amount required: USD 1,000,000. Funding to date: –
MuZik – Cameroon
MuZik is a virtual music streaming service for feature phones.
It provides the user with music or information regarding it, automatically grabbed online.
Funding amount required: USD 23,000, Funding to date: -(unannounced)
Nikweli – Tanzania
Mobile-to-web job matching platform that connects employers and job seekers for lower skill, “blue collar” type positions.
Funding amount required: USD 200,000 over 2 years
Funding to date: USD 20,000 (self-funded)
Other requirements: Completing the management team (technical talent)
Pliby – Benin
Pliby is an online platform for the African music lovers.
The platform is used to discover underground artists, songs and albums. Funding amount required: tbd
Funding to date: – yet to be announced.
TrafficBytes – Egypt
Trafficbytes is a solution that allows mobile operators and telecom vendors to leverage existing big data and provide real time accurate roads traffic information. Funding amount required: USD 200,000
Funding to date: -Other requirements: Business leads with mobile operators & telecom vendors
VOTO Mobile – Ghana
Mobile phone notification and survey platform.
Interactive SMS or voice call service in local languages, help with instantly reaching across distance, language, and literacy barriers.
Funding amount required: Large seed or series A within 6 months. Currently cash flow positive.
Funding to date: USD 100,000
Other requirements: Strategic partners including mobile operators, international development organisations, mobile platform
The VC4Africa Investor Network is the largest network of dedicated SME investors interested in supporting African based ventures.
Registered investors are also able to follow hundreds of other ventures gaining traction in over 40 African markets, network with fellow members, coordinate due diligence, and co-fund deals with fellow investors.
The platform also advised entrepreneurs look out the five steps to fundraising to learn more about fundraising opportunities through VC4Africa.
E-Business
South Korea Joins List of Countries Banning DeepSeek over Security Concerns
![](https://www.nigeriacommunicationsweek.com.ng/wp-content/uploads/2025/02/dedepseek-ban.jpg)
South Korean authorities have temporarily blocked new downloads of the DeepSeek artificial intelligence (AI) app, citing concerns over the company’s handling of user data.
The country’s Personal Information Protection Commission (PIPC) announced the decision on Monday, saying that the Chinese AI startup had failed to fully comply with South Korea’s data protection laws.
According to PIPC, DeepSeek recently appointed legal representatives in South Korea and admitted to partially neglecting regulatory considerations regarding user privacy.
“The Chinese startup appointed legal representatives last week in South Korea and had acknowledged partially neglecting considerations of the country’s data protection law,” the PIPC said.
The commission added that the app’s service would resume once the company implements improvements in accordance with national privacy laws.
According to Reuters, when asked about South Korea’s move, a spokesperson for China’s foreign ministry said the Chinese government prioritises data privacy and security, ensuring compliance with legal standards.
The spokesperson also said China does not require companies or individuals to collect or store data in violation of laws.
The ban follows similar actions by other governments.
On February 4, Australia prohibited the use of DeepSeek on government devices due to security concerns.
Italy’s privacy regulator recently blocked the AI service, citing the company’s failure to address data policy issues.
Taiwan has also warned about potential risks related to cross-border data transmission and information leaks.
Also, regulators in Ireland and France have launched investigations into DeepSeek’s data-handling practices.
DeepSeek gained global adoption for its advanced human-like reasoning capabilities and open-source model.
In January, it surpassed OpenAI’s Chatgpt as the most downloaded free app on the Apple store.
E-Business
AU Endorses Nigeria as AfCFTA Digital Trade Champion
![](https://www.nigeriacommunicationsweek.com.ng/wp-content/uploads/2025/02/AfCFTA-logo.jpg)
The African Union (AU) has officially designated Nigeria as the Digital Trade Champion under the African Continental Free Trade Area (AfCFTA) Digital Trade Protocol, citing the country’s leadership in digital enterprise and innovation.
The endorsement came at the 38th Ordinary Session of the Assembly of Heads of State and Government, which concluded on Sunday in Addis Ababa.
Nigeria’s proactive role in advancing the digital trade protocol, adopted in February 2024, was a key factor in the decision.
The AfCFTA Digital Trade Protocol encompasses eight annexes covering crucial areas such as rules of origin, digital identities, cross-border data transfers, online safety, and financial technology. The protocol is expected to provide a robust framework for Africa’s digital economy.
According to a statement issued on Monday by Special Adviser to the President on Information and Strategy, Bayo Onanuga, former President of Niger Republic and AU AfCFTA Champion, Mahamadou Issoufou, praised Nigeria’s leadership, particularly for convening the Digital Economy Roundtable in January.
“No organization, region, or continent has negotiated or adopted such a comprehensive legal instrument on digital trade, positioning the African continent to benefit from the digital economy for innovation and job creation,” Issoufou said in his progress report to the AU Assembly.
He also highlighted Africa’s growing influence in digital innovation, particularly in mobile banking and financial technology, and noted that the protocol would create an enabling environment for young African entrepreneurs.
“The AfCFTA Protocol on Digital Trade will establish a conducive environment for these young people to fully participate in Africa’s digital economy,” Issoufou added.
Reflecting on the roundtable in Abuja, he commended President Bola Tinubu and his administration for facilitating discussions with key stakeholders.
“The Roundtable was attended by young pioneers in Fintech, mobile banking and other areas of the digital economy. It was evident from the discussions that young people are eager to take advantage of Africa’s digital economy through the AfCFTA Protocol on Digital Trade”, he said.
Speaking at the AU summit, Nigeria’s Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, described the AU’s endorsement as a milestone in Africa’s economic development.
“Africa has demonstrated global leadership by pioneering the first-of-its-kind AfCFTA Protocol on Digital Trade—establishing a comprehensive regulatory framework,” Dr. Oduwole stated.
She emphasized that the protocol is a “game changer” for the continent, predicting that it would generate millions of jobs, contribute billions to Africa’s GDP, and attract significant investments in digital infrastructure.
E-Business
Schmidt, Ex Google Chief Says AI Risky in Terrorist Hands
![](https://www.nigeriacommunicationsweek.com.ng/wp-content/uploads/2025/02/Eric-Schmidt.jpg)
Eric Schmidt, former Google CEO has expressed concerns about the extreme risks posed by artificial intelligence (AI) falling into the hands of terrorists or rogue states.
![Schmidt, Ex Google Chief Says AI Risky in Terrorist Hands](https://i0.wp.com/www.nigeriacommunicationsweek.com.ng/wp-content/uploads/2025/02/Eric-Schmidt.jpg?resize=573%2C254&ssl=1)
Eric Schmidt, former Google CEO
He warned that nations such as North Korea, Iran, and Russia could adopt AI technologies to develop weapons capable of causing significant harm, including biological weapons.
Schmidt urged governments to oversee private tech companies, emphasising, “The real fears I have are not the ones most people discuss about AI, I talk about extreme risk.”
“I’m always worried about an ‘Osama Bin Laden’ scenario, where truly evil individuals take control of some aspect of modern life to harm innocent people,” he added.
With private companies driving AI advancements, he stressed the need for careful government monitoring and regulation. “It’s really important that governments understand what we’re doing and keep their eye on us,” he said.
His remarks followed a two-day AI summit in Paris, where the UK and the U.S. declined to sign a communiqué outlining the future direction of AI. The declaration on “inclusive and sustainable artificial intelligence for people and the planet” was endorsed by 57 countries, including India, China, the Vatican, the EU, and the African Union Commission.
The UK justified its decision, stating that the agreement lacked “practical clarity” on global AI governance and national security concerns.
Schmidt supports U.S. export controls restricting the sale of advanced AI microchips to certain countries, aiming to slow adversaries’ progress in AI research.
He also highlights the importance of international collaboration on AI safety, suggesting that cooperation with nations like China is essential to addressing global AI challenges.
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