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The Central Bank of Nigeria released a circular on Monday, May 6th, instructing all banks to commence deducting a 0.5% cybersecurity levy on all electronic transactions processed from accounts domiciled with them. The directive will take effect two weeks from Monday, May 20th, 2024, and will affect all commercial, merchant, non-interest, and payment service financial […]
AU Startups·
Despite the global economic downturn, Africa’s startup ecosystem is thriving and attracting investment from all over the world. In the first quarter of 2023, 209 investors invested over $784.5 million in 112 deals, representing a more than 25% increase over the previous quarter. However, this figure represents a 36% decrease from the first quarter of […]
AU Startups·
Let’s round up the week by going through the funding data from across the African startup landscape in the second half of 2022; but this time viewing it through the lens of sector funding. Fintech In the fintech sector, for example, there were 40 deals in total, with 37 of them being disclosed. These deals […]
AU Startups·
Exploring the Venture Capital Investment Landscape for African Startups in Q3 and Q4 2022 The data* from Q3 and Q4 of 2022 reveals some interesting trends in African startup funding. The fintech sector saw a 46.2% decrease in funding between Q3 and Q4, raising questions about investor sentiment in the sector. In contrast, the logistics […]
AU Startups·
