General News
Vendease Secures $30M to Transform Procurement for Restaurants Across Africa

Vendease, a Y Combinator-backed digital platform that allows restaurants in Africa to buy supplies, access financial services and power their business operations, has raised $30 million in an equity and debt funding round to consolidate its growth and operations in Nigeria and Ghana, and to support its expansion across the continent.
The series A equity round of $20 million was co-led by TLcom and Partech, in a rare joint investment by two of the biggest Africa-focused funds.
The equity round also included VentureSouq, Hustle fund, Hack VC, GFR Fund, Kube VC, Magic Fund and Kairos Angels, who re-invested after participating in the previous round. The $10 million debt round was raised from the local finance market.
Africa’s restaurants and food businesses feed 700 million people across the continent daily. However, these businesses lose $100 billion annually due to expensive and unreliable supply, limited access to data to inform procurement decisions, wastage and theft, as well as limited access to capital to fund procurement.
Vendease’s digital procurement engine makes it easier for restaurants in 8 cities across Nigeria and Ghana to buy food supplies at considerably cheaper rates than open market prices, with guaranteed 12-hour delivery.
The company is building the operating system that automates the flow of food from farm to restaurant, optimises business operations across the value chain through accurate data deployment, reduces wastage and drives profitability.
Restaurant owners simply need to download the app, complete the registration process in a few clicks and they will be able to access all the benefits of Vendease’s platform. They can also access working capital through Vendease’s Buy-Now-Pay-Later offering to maximise the growth opportunities available to them.
Despite ongoing inflation and global shortage in food supply, Vendease’s solutions have delivered significant savings for its users and provided relative stability for their stock levels.
Over the last 12 months, Vendease has moved more than 400,000 metric tonnes of food through its platform, helping its users save more than $2,000,000 in procurement costs and more than 10,000 procurement man-hours. Its data has also helped them reduce wastage from overstocking by an additional $485,000.
The company has seen 3x growth in the number of users on its platform and 5x growth in its revenue over the last 12 months. Users have also accessed more than $12 million worth of inventory via its embedded finance product.
The new funding will support the delivery of these services to more restaurants and food businesses across Africa, as well as the development of new solutions and services to drive growth across the food value chain.
Commenting on the funding, Tunde Kara, CEO and co-founder of Vendease, said, “our mission is to enable the efficient flow of food across the continent, from point of production to point of consumption.
“It is more than just placing orders for supplies, we want to transform how the entire sector works and remove the bottlenecks that stunt the growth of restaurants and food businesses.
“With greater efficiency in the supply chain, we believe we can unlock more growth opportunities across board, which is why we are excited to have raised this round, led by two of Africa’s biggest VCs, who understand what it takes to power such an ambitious mission.”
Following their investments, Andreata Muforo (Partner at TLcom) and Cyril Collon (General Partner at Partech) will join Vendease’s board as new directors.
Andreata Muforo, Partner at TLcom, said, “Restaurants and food businesses play a vital role in communities across the continent and Vendease is on a mission to bring affordability, convenience, and reliability to these businesses and builds a platform that allows the wider food sector to optimise their operations. We look forward to working alongside the team as they pursue the next phase of growth and unlock significant value in Africa’s fragmented food supply chain.”
“Vendease is delivering vital solutions that impact critical issues around the food system in Africa,” said Cyril Collon, General Partner at Partech. “We are thrilled to be working with them to take these solutions to more restaurants and food businesses across the continent. We see huge scope for growth in Nigeria and beyond and we are very optimistic about what can be achieved”.
General News
TD Africa, HP Strengthen Partnership to Advance Africa’s Tech Ecosystem

TD Africa, Sub-Saharan Africa’s foremost technology distributor, took a bold step toward strengthening almost three decades of collaboration by hosting a high-level strategic meeting with HP Inc. at an exclusive gathering in Ikoyi, Lagos.
The meeting brought together top executives from both organisations to reaffirm their commitment to advancing digital transformation and deepening technology penetration across Nigeria and Africa.
Speaking at the meeting, Dr. Leo Stan Ekeh, Chairman of Zinox Group (parent company of TD Africa), traced the long-standing partnership between HP and TD Africa and emphasised the need for a more intentional synergy going forward.
“The relationship between TD Africa and HP goes beyond business; it’s a shared vision to use technology as the catalyst for a smarter, more prosperous Nigeria. Technology is the new oil, and together, we must build the infrastructure to power a 21st-century Africa,” said Dr. Ekeh.
Also, Mrs. Chioma Chimere, Coordinating Managing Director of TD Africa, reaffirmed the company’s commitment to digital inclusion and local empowerment. “At TD Africa, we are passionate about pushing technology to every part of the country and the continent. Our vision is to see an Africa where every individual, business, and institution is IT-ready and globally competitive,” she stated.
On behalf of HP, Kingsley Osuala, Distribution Business Manager, Central Africa, expressed appreciation for the enduring relationship with TD Africa and stressed the importance of local tech adoption.
“We are grateful to TD Africa for staying true to their mission of empowering Africa through technology. As the digital age accelerates, Nigerians must stay ahead by embracing innovation and high-performance tech solutions. That is how we stay globally relevant,” Osuala remarked.
The meeting concluded with renewed resolve from both parties to explore deeper collaboration and build on their shared legacy, one that prioritizes access, innovation, and the digital empowerment of Africa.
General News
Court Orders Lawyer to Produce “Bail-Jumping” Client in MTN Cyber Fraud Case

Justice Ambrose Allagoa of the Federal High Court sitting in Lagos has ordered Mr Nnamdi Kalu, a legal practitioner, to appear before the court on July 9, 2025, to provide explanations regarding the whereabouts of Richard Ironbar Edemadem, his client, who is accused of cyber-related fraud and has allegedly jumped bail.
The judge issued the directive during the ongoing trial of Edemadem and four others, namely: Samuel Okpapi, Nelson Ojovbo, Bamigbade Olushola, and ISD Technology Limited, who are standing trial on charges of tampering with the critical mobile telecommunications infrastructure of MTN Nigeria and illegally profiting from unsolicited messages sent to subscribers.
The prosecution, led by Mr Nnemeka Omewa of the Economic and Financial Crimes Commission (EFCC), informed the court that Edemadem, the first defendant, had jumped bail and ceased communication with both his counsel and the court.
He further revealed that Mr Kalu, who represented the defendant at the early stage of the trial, had stopped appearing in court and was unreachable.
During the trial proceedings, Justice Alagoa queried the continued absence of the first defendant, especially as his name had come up repeatedly during the testimony of the EFCC’s witness.
Upon receiving the explanation from the prosecutor, the judge expressed concern that no attempt had been made to bring the sureties to account, as required when a defendant absconds.
Responding to the judge’s query, Omewa said the prosecution had made efforts to trace the sureties and review the bail bond documents.
However, they discovered that no valid documentation about the sureties or their contact addresses could be found in the court file.
Disturbed by the absence of such critical records, Justice Alagoa directed the absentee defendant’s counsel, Mr Kalu, to appear before the court on the next adjourned date to provide clarity on his client’s disappearance and explain his failure to participate further in the trial.
In the meantime, the trial resumed with the testimony of Mr Olamide Sadiq, the fourth prosecution witness and an investigating officer with the EFCC.
Sadiq detailed how the defendants fraudulently manipulated MTN’s telecom systems to send unsolicited messages to thousands of unsuspecting subscribers.
According to his testimony, the defendants, who were employed as IT professionals for various telecom value-added service providers, compromised MTN’s Critical Mobile Telecommunications Network System between 2017 and 2018, adding that by exploiting the system’s vulnerabilities, they deployed mass unsolicited messages that led to unauthorised deductions from subscribers’ airtime balances.
Sadiq explained that these illegal deductions were routed into multiple accounts linked to the defendants and their affiliated entities, notably ISD Technology Limited.
The stolen proceeds, totalling N36,837,438.20, were subsequently distributed among the conspirators, he said.
Following the witness’s testimony, the court adjourned the matter to July 9, 2025, for the continuation of the trial and to enable Mr Kalu to appear and address the court on the issue of his absconding client.
The EFCC had filed a three-count charge against the defendants, detailing their alleged roles in the multimillion-naira fraud.
On count one of the charges, the defendants, Richard Ironbar Edemadem, Samuel Okpapi, Nelson Ojovbo, Bamigbade Olushola, ISD Technology Limited, and a fugitive known only as “Sola”, were accused of conspiring to tamper with a critical mobile telecommunications network system.
This, the EFCC said, is contrary to Sections 27(6)(b) and 10 of the Cybercrimes (Prohibition, Prevention, etc.) Act, 2015, and punishable under the same law.
The second charge stated that the defendants were charged with unauthorised tampering with MTN’s network infrastructure, an offence also contrary to Section 10 of the Cybercrimes Act, punishable under the same provision.
Counts three of the charges posited that the defendants allegedly took possession of N36,837,438.20, which they reasonably ought to have known were proceeds of an unlawful act, namely, stealing, contrary to Sections 15(2)(d) and (6) of the Money Laundering (Prohibition) Act, 2011 (as amended), and punishable under the same.
Source: Tribune
General News
Airtel Concludes Nationwide Environment Week with Market Clean-Up by Employees

Telecommunications provider, Airtel Nigeria, has wrapped up its 2025 World Environment Week campaign, themed ‘Ending Plastic Pollution’, with an employee-driven market clean-up exercise at Elegushi Model Market, Jakande, Lekki, Lagos.
The activity was supported by the Ecobarter Company, a social enterprise focused on the promotion of a circular economy. Branded #UnPlasticAfrica, the events spanned six states and mobilised Airtel employees, community leaders, government partners, and market communities in a united effort to combat plastic pollution.
With the Lagos Market Cleanup, Airtel staff and community members joined forces to remove plastic waste and sensitize the locals on individual contributions towards a plastic-free environment.
To support sustainability and align with Lagos State’s ban on single-use plastic, large bins for refuse sorting as well as parasols, and reusable tote with #UnPlasticAfrica messaging were distributed to traders and their customers in the market to encourage behavioural change.
Speaking on behalf of Airtel Nigeria CEO Dinesh Balsingh at the clean-up exercise, Director, Corporate Communications & CSR, Airtel Nigeria, Femi Adeniran, highlighted the critical importance of community participation in safeguarding the environment and commended the market leadership for their openness and commitment to such impactful initiatives.
“True environmental care starts with action: keeping our gutters and surroundings clean and ensuring that plastic waste never finds its way into our canals and waterways.
The Elegushi market community has shown remarkable leadership by welcoming this initiative, and we are proud to have partnered with them to make a tangible difference as we commemorate World Environment Day 2025. We believe that this effort will spark a ripple effect, inspiring communities across the nation to take bold steps towards a cleaner, healthier Nigeria,” he said.
In her response on behalf of the President of the Elegushi Model Market traders’ association Iyaloja Simbiat Ronke Lawal, the Secretary of the trade association Elizabeth Afolabi, conveyed the group’s appreciation to the volunteers and Airtel Nigeria as an organisation. She commended the company for the clean-up initiative which she noted would leave a positive impact on the market.
“We want to thank Airtel Nigeria and all the volunteers for coming to our market to help clean and support us. This has really helped us and made our market a better place. We are incredibly happy and promise to sustain what you have started here today,” she said.
Recall that the Airtel Nigeria World Environment Week campaign began on June 4 with an employee seminar led by Mr Balsingh, followed by market clean-up exercises at Bodija Market, Oyo State; Oba Market, Benin City, Edo State; Wuse Market, Abuja; Artisan Market, Enugu State; Yankaba Market, Kano State; and finally, Elegushi Model Market, Jakande, Lagos.
- E-Financial1 day ago
Fidelity Bank ED, Kevin Ugwuoke takes over as President of Risk Managers Association
- Telecom1 day ago
Crypto Exchange MEXC Rolls Out P2P Support for Naira, Birr, and Rupee
- News1 day ago
Why I am vying for AFRINIC board seat in 2025 election – Terry Edet
- General News1 day ago
Airtel Concludes Nationwide Environment Week with Market Clean-Up by Employees
- General News1 day ago
Court Orders Lawyer to Produce “Bail-Jumping” Client in MTN Cyber Fraud Case
- News1 day ago
Elumelu, UBA Chair Seeks Digital Sovereignty for Africa
- E-Financial1 day ago
CBN Suspends Dividend, Bonus Payments for Banks under Forbearance
- Broadcasting1 day ago
Multichoice Nigeria Faces Revenue Decline Amid Economic Challenges