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The annual Africa Day, Celebrated on the 25th of May every year, was set aside to commemorate the founding of the African Union, otherwise known as the Organization of African Unity (OAU) in 1963. The day marks a pivotal moment in Africa’s history and is symbolic of the desire for unity, peace, and a collaborative […]
AU Startups·
Africa as a continent is blessed with creative and industrial individuals who possess both the ability to develop innovative solutions to problems and the entrepreneurial spirit to convert the solutions into profitable business ventures. As a result, Africa is currently home to numerous nascent companies providing interesting solutions to needs across the continent and beyond. […]
AU Startups·
The Nigerian fintech industry recently had a regulatory shakeup with the Central Bank’s NIBSS directive to purge all unlicensed digital money deposit operators from NIP funds payment channels. The memo, which was circulated to all relevant financial institutions and service providers on the 5th of December, 2023, states that “listing non-deposit-taking financial institutions such as […]
AU Startups·
The Nigerian Federal Government, on the 21st of November 2023, announced the launch of the Startup Support and Engagement Portal, which was created to streamline startup identification and aggregation in the country. The portal is an implementary mechanism for the Nigeria Startup Act, signed into Law by former President Muhammadu Buhari on October 19, 2022. […]
AU Startups·
In the span of just two decades, Africa has undergone a tech revolution that is propelling it to the forefront of global innovation. What was once considered a follower in the tech world is now taking steps to become a global leader, rewriting the rules of development. Africa’s remarkable journey into the digital age has […]
AU Startups·
Côte d’Ivoire has unveiled its Startup Act, a new framework that is aimed at supporting the growth of tech start-ups in the country. This move is part of the country’s broader plan to prioritize technological innovation. The Act is set to boost the visibility and recognition of start-ups in Côte d’Ivoire, with eligible companies having […]
AU Startups·
The first two months of the year have been impressive for African startups, as we’ve recorded over 84 funding deals resulting in a total of $728.5 million raised in disclosed venture capital funding across the continent. This is a promising start to the year, especially as it represents a 16% increase from the total amount […]
AU Startups·
In May last year, the Nigerian presidency launched the Nigeria Startup Bill project, in collaboration with a group of Nigerian tech CEOs and other government entities, to co-create laws and regulations that would help maximize the potential of the country’s digital economy. The bill’s goal was to establish a conducive environment for Nigerian startups to […]
AU Startups·
