Rank Taps Former Anchoria MD to Lead Its Wealth Management Division
Nigerian fintech Rank has appointed former Anchoria Managing Director Lucky Djebah as Executive Director, Investment to head Rank Capital’s new wealth‑management and investment‑banking division. Djebah brings more than 15 years of investment‑banking experience and will oversee equity, treasury and high‑net‑worth client strategies. The hire follows Rank’s acquisitions of AjoMoney and Zazzau Microfinance Bank, giving it a regulatory base to expand beyond basic banking. Rank aims to democratise wealth across African markets by blending technology with personalized advisory services.
FlightItineraryApp Introduces Airline-Verifiable Itineraries for Visa Applicants
FlightItineraryApp now offers airline‑verifiable flight itineraries that include a legitimate Passenger Name Record, allowing visa applicants to prove onward travel without buying a full ticket. The service costs $15 for one‑way and $19 for round‑trip itineraries, providing a low‑cost alternative...
Subify Wins Proof Lab Challenge After Tech Revolution Africa 2.0 Pitch, Secures $2,000 Angel Backing
Subify, a Lagos‑based subscription‑sharing platform, was named winner of the 2026 Proof Lab experiment at Tech Revolution Africa 2.0 after a one‑week product sprint. The startup, which began as a WhatsApp group in 2021 and officially launched in October 2025, secured a...
This Startup Is Building an All-in-One AI Ecosystem for Nigerian Law Firms
Modulaw AI, a Lagos‑based startup, has launched an all‑in‑one AI‑driven legal operations platform for Nigerian law firms. The system combines a RAG‑powered research engine—trained on roughly 10,000 appellate and Supreme Court judgments—with case management, client collaboration, workflow automation, and billing...
Crypto Exchange NoOnes Confirms Ray Youssef Is No Longer CEO
NoOnes announced on X that Ray Youssef is no longer involved in the exchange’s management, citing ongoing personal legal matters. Youssef had led NoOnes for just over two years, during which the platform expanded across Africa and Southeast Asia. The...
6 Best Corporate Innovation Programs that Actually Work
Executives overwhelmingly view innovation as essential, yet fewer than one‑in‑ten feel their firms deliver results. The article identifies six corporate innovation programs—Google Area 120, Amazon Working Backwards, Microsoft Garage, Unilever Foundry, Maersk Growth, and Mastercard Start Path—that consistently ship products or create...
Top 6 Insurance Startups in Africa Transforming Coverage
Africa’s insurance protection gap remains stark, with only about three percent of the population covered. Mobile‑money, AI and API‑driven models are enabling a new wave of insurtech startups to offer micro‑insurance at scale. The article highlights six innovators—Pula, Lami, Pineapple,...
7 Haulage and Logistics Startups Reshaping Freight in 2026
Global logistics generated over $11 trillion in 2023 but remains largely manual, prompting a surge of tech‑driven startups. Seven firms—Aurora Innovation, Flexport, Gatik, Sennder, HydroHaul, Faramove, and project44—are scaling autonomous trucks, AI routing, hydrogen fuel, and real‑time visibility platforms. Collectively they...
Why Venture Capital Is Moving Into African Solar Microgrids
Venture capital in Africa is pivoting from fintech to solar microgrid projects as investors chase more predictable, asset‑backed returns. After a fintech boom between 2016‑2021, market saturation, rising customer‑acquisition costs and tighter regulation have eroded margins. Solar microgrids, backed by...
6 Ways Strict Data Laws Create Moats for Fintechs
Fintechs that embed strict data‑law compliance early turn regulatory costs into a durable competitive moat. By localizing data, building audit‑ready architectures, and showcasing trust signals, they raise switching costs for rivals and attract high‑value enterprise contracts. The resulting proprietary, regulator‑approved...
Are African Tech Startups Shifting From Blitzscaling to Strategic Acquisitions?
African tech startups are moving away from the high‑burn blitzscaling model toward strategic acquisitions as venture capital dries up. Funding peaks in 2021‑2022 gave way to shrinking mega‑rounds, a 65% jump in debt financing, and tighter follow‑on capital. In 2025,...
Bildup AI Expands Nationwide with New Cohort and AI Learning Centres in Enugu, Abuja and Lagos, Democratizing AI Education for...
Bildup AI, Nigeria’s leading AI education provider, announced a new nationwide cohort and the opening of AI Learning Centres in Enugu, Abuja and Lagos. The expansion is funded by a $400,000 oversubscribed angel round and offers hybrid online‑in‑person programs across...
Kairos Nexus Global Secures ₦75 Million to Help Nigerians Earn in Dollars Through Remote U.S. Opportunities
Kairos Nexus Global, a cross‑border outsourcing platform founded by Jubelo Oyeniran and Ayorinde Alase, secured ₦75 million (≈$50,000) in non‑dilutive funding via the Pava Innovation Award and Spark Impact Award. The startup differentiates itself with a trust‑first model that embeds AI‑driven...
StayAssist Emerges as Nigeria’s Trusted Solution to Short-Let Fraud and Market Fragmentation
StayAssist, launched in 2025, is reshaping Nigeria’s short‑let market by offering a unified, tech‑driven platform that verifies listings, streamlines communication, and automates bookings. The service tackles chronic fraud, fragmented discovery channels, and informal payments that have plagued the sector. Rapid...
This Startup Wants to Make Chicken Cheaper in Nigeria with a Simple Solution
Cubeseed Africa is launching a digital marketplace that links Nigerian poultry farmers directly with restaurants, hotels and other buyers, bypassing traditional middlemen. By using escrow payments and a Sterling Bank‑backed credit line, the platform guarantees timely funds for farmers while...
How Favour Onuoha Is Developing Africa’s DevRel Pipeline, One Community at a Time
Favour Onuoha has turned Africa’s informal developer‑relations scene into a scalable pipeline by leveraging unpaid community work, content creation, and strategic growth programs. He grew Showwcase’s developer base to over 100,000 users with under $1,000 in marketing spend and later...
Grey Launches ‘Grey Business’ to Simplify Global Payments for African Startups and SMEs
Grey, a global fintech, launched Grey Business, a multi‑currency payments platform for African startups and SMEs. The service lets companies open USD corporate accounts, send and receive global payments, and convert currencies instantly at real‑time rates, also supporting USDC and...
Meet Joshua Nwankwo: The Bridge-Builder Connecting Web3 Developers to Global Opportunities.
Joshua Nwankwo, a Nigerian engineer turned developer‑relations leader, built Buildspace Africa to equip thousands of African developers with web3 skills and later joined Spheron Protocol as a DevRel engineer. He argues that documentation, onboarding and community are essential infrastructure for...
Giritoday Seeks to Expand African’s Outbound E-Commerce Capabilities, Starting with Nigeria.
GiriToday launched both buyer and seller sides of its outbound e‑commerce platform, initially piloting in Nigeria and targeting buyers in North America and the UK. In 2025 the company achieved an 800% surge in seller acquisition, onboarding over 800 merchants...
AuthorityStack.ai Launches to Help Brands Track and Improve Visibility in AI-Generated Search Results
AuthorityStack.ai launched an AI visibility tracking platform that monitors how large language models cite and summarize brand content. The service covers major LLMs such as ChatGPT, Claude, Gemini, Perplexity, and Google AI Overviews, providing real‑time citation alerts and traffic attribution....
Divest Launches V3, Expands Beyond Crypto-to-Cash to Build a Smarter Way to Move Money Across Africa
Divest, a Nigerian fintech known for crypto‑to‑cash services, has unveiled Divest V3, an integrated platform that combines fiat Money Exchange with its existing crypto conversion engine. The dual‑experience design lets users move cash and digital assets through a single interface,...
Meta Faces Probe Across 21 African Markets
Meta Platforms is under a COMESA investigation for altering WhatsApp Business API terms that favor its own AI tools, raising competition concerns across 21 African markets. In Nigeria, fintech Risevest secured a Securities and Exchange Commission fund‑manager licence after restructuring,...
9th Marketplace: One of the Best E-Commerce Apps in Nigeria, Transforming Online Shopping and E-Commerce in Africa
9th Marketplace launches as a structured, service‑driven e‑commerce platform aiming to reshape online shopping across Nigeria and Africa. It tackles trust gaps with secure checkout, buyer‑protection policies, and 24/7 support while offering pay‑on‑delivery, bank transfers, and card payments. The app...
South African Startup Naritive Is Fixing Banner Blindness with Interactive Advertising
South African startup Naritive has launched an ad‑tech platform that turns static display ads into interactive “Ad Stories” and “Ad Social” formats. The platform, now used by more than 100 brands and agencies across Africa, Europe, the Middle East, Asia...
Gigalayer Acquires Registeram to Bolster Its Market Position
Gigalayer, a Nigerian web‑hosting provider, completed an all‑cash acquisition of Registeram, one of the country’s earliest domain‑name registrars, for an undisclosed amount. Registeram brings a client base where roughly 80% have been with the firm for over a decade, including...
G-Rani Wants to Formalise Kenya’s Informal Carpooling Culture
Kenyan mobility startup G‑rani launched a mobile platform to formalise informal car‑pooling, aiming to cut commuting costs and congestion in Nairobi. Since its public debut in June 2025, the app has attracted about 7,000 sign‑ups, with a quarter of users actively...
Eterna Plc Launches Self-Service Fuel Stations in Partnership with Fuelmetrics Limited
Eterna Plc announced the rollout of self‑service fuel terminals across its retail network, powered by Fuelmetrics Limited’s smart automation platform. The new stations allow motorists to pay with cards or digital vouchers, cutting queues, cash handling and human error. Corporate...
Nairagram Completes ₦10 Billion Capital Raise to Deepen Financial Connectivity Across Africa
Pan‑African payments firm Nairagram completed a ₦10 billion commercial paper issuance, fully subscribed within 48 hours after regulatory clearance from the Central Bank of Nigeria. The capital will fund operations across 37 African countries, accelerating expansion in key markets such as Nigeria,...
How Iniubong Obonguko Built a Global Engineering Career Through Curiosity and Craftsmanship
Iniubong Obonguko grew up in Nigeria coding on a family desktop, then on a mobile phone and handwritten notebooks when power was unreliable. He left a traditional engineering degree at the University of Nigeria to pursue real‑world projects, later completing...
How One of Africa’s Fastest Growing AI Platforms Was Built Out of Ethiopia
Ethiopian‑born startup Gebeya has launched Dala, an AI‑powered no‑code app builder, and amassed 85,000 users within four months. The platform boasts an 8% paying‑customer rate, far above the typical 3% conversion for AI products, thanks to mobile‑first design and local...
Monica Cash Highlights Three Years of Growth, Processing Over ₦500 Billion in Transactions
Monica Cash celebrated three years of uninterrupted service, processing more than ₦500 billion in crypto and everyday payment transactions. The platform has become Nigeria’s most trusted crypto app, offering instant bitcoin‑to‑naira and USDT‑to‑naira conversions alongside bill‑pay, airtime, and bank transfers. Its...
Busha Champions Stablecoins as a Catalyst for African Trade at Africa Tech Summit Nairobi
Busha, a leading African digital‑asset exchange, highlighted stablecoins as a catalyst for cross‑border trade at the Africa Tech Summit in Nairobi. COO Moyo Sodipo argued that the focus should move from speculation to infrastructure, emphasizing payroll, trade settlement and institutional...
OPay Wins Fintech Company of the Year for Second Time at Leadership Awards
OPay was named Fintech Company of the Year 2025 at Nigeria’s Leadership Annual Conference, marking its second back‑to‑back win after 2024. The award, presented in Abuja, recognized OPay’s innovation, security and broad financial‑inclusion impact for millions of individuals and MSMEs....
Terra Now Valued at over $100 Million, as It Extends Funding to $34 Million
Terra Industries, an African defence‑technology startup, extended its Series A round to $34 million after adding $22 million in fresh capital, pushing its valuation past the $100 million mark. The round was led by Lux Capital and attracted new angel investors such as actor...
Eden Life Bets on B2B for Survival
Eden Life, the Nigerian home‑care startup, announced a strategic pivot toward B2B services to stabilize cash flow and sustain growth. The company will now offer corporate wellness packages, bulk product deliveries, and employee‑benefit subscriptions to large enterprises across West Africa....
From Rap to Digital Marketing and Product Management: How Joyce Imiegha Founded a Tech PR Agency
Joyce Imiegha, a Nigerian creative who began as a rap artist, pivoted into digital marketing before moving into product management. Leveraging her diverse skill set, she identified a gap in tech public relations for African startups. In response, she founded...
Skosh Launches Global Culture-Based Dating and Friendship Platform
Skosh has launched a global dating and friendship app that centers culture, identity, and language in its matching algorithm. The platform lets users find romantic or platonic connections based on shared home country, cultural layers, and cross‑cultural curiosity, targeting immigrants,...
Ikeja Electric Ties Power Supply to Tax IDs for Businesses
Nigeria’s largest electricity distributor, Ikeja Electric, announced that all business customers must provide a Tax Identification Number, National Identification Number, or CAC registration details to receive valid bills. The company set a seven‑day deadline, requiring submissions by February 20, 2026, after which...
How to File Tax Returns for Individuals with Multiple Streams of Income
The Nigeria Tax Act 2025 mandates that every resident file a personal income‑tax return by 31 March, consolidating earnings from salaries, freelance gigs, rentals, dividends and other streams. Taxpayers must use their State Internal Revenue Service’s portal—or visit the office where digital...
Jumia’s Q4 2025 Revenue Jumps 34% to $61.4 Million
Jumia reported Q4 2025 revenue of $61.4 million, a 34% year‑over‑year rise driven by a booming marketplace segment. Gross profit jumped 43% and operating loss narrowed to $10.6 million, reflecting stronger margins and tighter cost control. The company’s GMV climbed 36% to $279.5 million,...
Kenya Revenue Authority Brings Back Nil Returns, but with a Catch
Kenya Revenue Authority reinstated nil returns but now cross‑checks them with an automated, pre‑populated iTax system that flags mismatches. Nigerian entrepreneur Mark Essien’s AI‑powered TripDesk generated roughly $2.4 million in revenue and 30 % profit within four months, showcasing rapid fintech scalability....
How Mark Essien’s 4-Month Old Product Made $2.3 Million with Less than 30 Customers
Mark Essien’s newest venture, Tripdesk, an AI‑driven travel‑management platform, generated $2.3 million in revenue within four months, serving fewer than 30 enterprise customers and delivering a 30% profit margin. The product grew out of Hotels.ng’s VIP client needs, automating travel requests,...
Africa’s Financial Growth Took Centre Stage at the Africa Business Convention 2026
The Africa Business Convention 2026 convened in Lagos to chart a faster, fairer, and more sustainable growth path for the continent. The two‑day event, now in its fifth edition, centered on six strategic pillars ranging from agriculture to fintech and...
Payscribe Expands Global Financial Access: Empowering Fintechs and Fast-Growing Businesses with Global Accounts, Stablecoins, APIs, and Merchant Growth Support
Payscribe, a fast‑growing payment infrastructure firm, launched Global Accounts, Stablecoin Payments, and a Merchant Growth Support credit line to broaden financial access for fintechs and SMEs across Africa and emerging markets. The new multi‑currency accounts let businesses receive USD, GBP,...
NaJasia Launches Community-Driven Platform Supporting Women and Neurodiverse Creatives in Denmark
NaJasia, a Denmark‑based community organisation, has launched a platform that combines a women‑focused club, a neurodiverse art studio, and a digital storytelling hub. The Mosaic Circle Ladies Club tackles social isolation among immigrant women, while James Fox Art Studio offers...
Google Is Expanding WAXAL Beyond 21 Languages — What It Means for African Researchers
Google has broadened its WAXAL speech dataset initiative, increasing coverage from 21 to 27 Sub‑Saharan African languages and outlining a pipeline for additional tongues. The expansion is driven by a partnership with the Masakhane African Languages Hub, shifting focus toward...
Airtel Nigeria Bets on Akwa Ibom for Faster Internet
Airtel Nigeria announced a second internet breakout point in Akwa Ibom, leveraging the 2Africa submarine cable to diversify traffic away from Lagos, promising faster speeds and greater resilience. The carrier cites a 15% increase in fibre sites and expanding 4G/5G...
He Quit GTBank, His Startup Failed: This Founder Reinvented Himself to an Exit and Venture Scale in the Diaspora
Nigerian‑born entrepreneur Seyi Fabode left GTBank to launch Power2Switch, raising $3 million and later exiting after five years. He subsequently built an IoT water‑sensor startup that raised $4 million before shutting down, and now runs an AI‑driven energy‑infrastructure platform for investors in...
Paypal-Paga: Is This the Deal that Finally Creates a Nigerian Fintech Monopoly?
PayPal re‑enters Nigeria by routing all local receipts through a partnership with Paga, turning the home‑grown wallet into the official gateway for PayPal funds. The deal gives PayPal an asset‑light market entry while granting Paga access to a massive global...
AfriMillions Launches ₦1Billion Weekly Progressive Lottery with Live Draw on Wazobia Max Tv
AfriMillions debuted a ₦1 billion weekly progressive lottery, broadcasting the inaugural draw live on Wazobia Max TV and radio. The event was overseen by the Lagos State Lotteries and Gaming Authority, underscoring regulatory compliance and transparency. The mobile‑first platform also promises...