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News and Updates on Entrepreneurship in Nigeria

Jumia investors may regret chasing an elusive dream

What does a business do next after racking up cumulative losses of $935m? Go public, of course. Jumia is billed as Africa’s first “tech unicorn”, a venture-capital funded company valued at more than $1bn on the New York Stock Exchange. Its lack of a profitable model didn’t seem to matter …

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AFRICA MOVES: The Event That Will Disrupt Africa Startup Investing in 2019

PARIS, April 11, 2019 /PRNewswire/ — Africa seems to be on every investor’s radar these days, and for just reason. No day goes by without a mention of “Africa investments” in the headlines, according to research conducted by Born2Invest on investing in Africa. Case in point, a few short days ago the country of France pledged $2.8 billion in towards …

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Bill & Melinda Gates Foundation awards Nigeria’s Medsaf, SA’s Iyeza Health with $10k each

Nigerian startup Medsaf and SA startup Iyeza Health have received $10 000 from the Bill & Melinda Gates Foundation after winning the foundation’s Malaria and Vaccine Delivery challenges, respectively. The prizes were handed out at the sixth Seedstars Summit held last Friday (6 April) in Lausanne, Switzerland. Seedstars is a Swiss organisation that assists tech startups in …

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Sahara Group seeks intra-Africa solution for oil sector issues

Sahara Group has urged for collaboration among financial institutions, development agencies, trading companies, National Oil Companies and other stakeholders in , saying it would enhance the contribution of intra-Africa led solutions to addressing the petroleum sector’s trade and project finance challenges on the continent. Executive Director, Sahara Group, Wale Ajibade, …

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