Start-ups

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Foreign investments in Nigerian startups fell by 65.83 percent year-on-year to $410m in 2023 from $1.2bn in 2022, a study has shown. The fall in investments caused the country to lose its top spot in terms of total startup investments on…

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The Nigerian Government has restated its commitment to creating an enabling environment for startups to strive.  The Government also urged startups in the country to keep being innovative to stand a chance of excelling on the global…

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The Nigeria Informatiion Technology Development Agency, NITDA  will partner with the global tech giant, Amazon Web services to provide funding for Startups in the country. During a discussion with the AWS team in Dubai on the sidelines…

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The African Development Bank, Board of Directors have approved a $170m loan to boost a digital and creative enterprises program in Nigeria. This was contained in a press statement titled ‘African Development Bank Board approves $170m for…

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Nigeria’s Vice President, Professor Yemi Osinbajo, has praised the country’s burgeoning startups making waves across the world, describing them as the future of youth employment. He said: “Now... the Unicorns and the future of youth…

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French President, Emmanuel Macron has  announced a renewed €130 million for the next three years while defining Digital Africa’s new ambitions to support technological innovation and entrepreneurship across the continent. The redesigned…

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The Central Bank of Nigeria (CBN) has said that it will increase its development finance interventions to further support start-ups and Small and Medium Enterprises (SMEs) in the country. This was disclosed by the CBN Governor,…

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A recent report has identified Nigeria as one of the biggest in Africa in terms of funding for startups. Others are Kenya, South Africa and Egypt, all accounting for 77 percent of funded startups, and 89.2 percent of total investment in…