Kenyan electric mobility firm Roam has secured $24 million in funding to accelerate its initiatives in enhancing transportation across Africa. Equator Africa led the Series A funding round, with participation from notable investors such as At One Ventures, TES Ventures, and the US government’s DFC. This investment will support Roam in expanding the production of […]
The Nigerian Association of Road Transport Owners (NARTO) has announced its decision to halt operations starting today (Monday). Yusuf Othman, NARTO’s national president, conveyed this information through an official press statement from Abuja. Othman emphasized that the decision to suspend truck operations is due to the association’s financial challenges, stating that operational costs exceed total […]
A recent research report highlighted that funding for healthtech led by women experienced remarkable growth, increasing by over 2,000%. In 2022, women-led healthtech accounted for a marginal share of 1% in total funding, but this figure surged to 31% in 2023. The report, titled “2023 RoundUp: Investments in African HealthTech,” was launched by healthcare consulting […]
Between 2011 and 2019, life expectancy across sub-Saharan Africa rose from 57.56 to 61.24 years. In the wake of the COVID-19 pandemic, there has been a notable increase in life expectancy in Africa, a region that, at the turn of the millennium, saw life expectancy at just 50 years. The rise is attributed to factors such as […]
Palm oil holds a significant position in Nigeria, both domestically and globally, being a vital commodity in industries such as food, cosmetics, and biofuels. Nigeria stands as one of the world’s largest palm oil producers, yet it grapples with challenges in the sector. A key issue is the reliance on imports to meet local demand, […]
In the era of rapid digital transformation, technology has revolutionized almost every facet of our lives, including the methods of learning and education. Despite notable progress in various sectors, the educational framework in Nigeria encounters multiple hurdles, particularly in the domain of school management and administration. A prominent challenge is the absence of all-encompassing platforms […]
Global investment firm Partech has secured $300 million (€280 million) for its second Africa-focused fund, Partech Africa II, exceeding its initial target. In the context of a recent report indicating a 50% reduction in active investors in the African tech sector, Partech’s latest development assumes increased significance. The fund’s focus is on African tech startups, with investment […]
Nigerian cleantech firm, Arnergy, specializing in decentralized renewable energy solutions, has successfully secured a $3 million bridge round investment from All On, an impact investor supported by Shell. The investment aims to enable Arnergy to capitalize on the increasing demand for solar energy in Nigeria, driven by escalating fuel expenses and an unreliable power grid. […]
To flourish and expand, businesses, particularly startups, require the expertise of a reputable Public Relations Advisory firm to strengthen brand development and achieve top-notch reputation management. This insight comes from Israel Opayemi, a leading figure in Africa’s strategic communications, serving as the Managing Director/Chief Strategist of Chain Reactions Africa (CRA), a prominent public relations and […]
The federal government of Nigeria has initiated “Project 774 LG Connectivity,” a program announced by Minister Bosun Tijani, the Minister of Communications, Innovation, and Digital Economy, aimed at enhancing digital inclusion in the nation. Tijani stated, “As part of our plans to foster inclusive development and promote access to digital public infrastructure in government, I […]
