Archives Tag: Investors
Why Shoprite is Considering Pulling Out of Nigeria
April 19, 2022
South African retail giant, Shoprite, announced that it was seeking investors to take over its Nigerian subsidiary. It disclosed this in its Operational and Voluntary Trading Update, published on Monday. The group said that it would be selling its stake in the subsidiary, Retail Supermarkets Nigeria Plc, to interested buyers. There were already parties indicating … Continue reading Why Shoprite is Considering Pulling Out of Nigeria
ROUZO: How To Create An Account
April 19, 2022
Setting up your account on Rouzo platform is free and easy. You can set up your account and choose your preferred pathway of either “save to invest” or “invest in a portfolio” in minutes. Enter a few details about you on our simple form, pick your investment preference, read and accept our terms and conditions. … Continue reading ROUZO: How To Create An Account
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ROUZO: About Us And How It Works
April 19, 2022
Rouzo is a portfolio managed platform that allows smart individual and corporate investors invest in portfolios that are you to provide financing for small businesses. Rouzo platform is owned by Owoafara Fintech services a financial technology company that builds platforms and tools to facilitate small business financing, support and growth. By investing on Rouzo, investors … Continue reading ROUZO: About Us And How It Works
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Carbon Introduces $100,000 Fund for Tech Entrepreneurs
April 19, 2022
Nigerian online payments and lending company, Carbon, has set up a fund to support African tech entrepreneurs. The Disrupt Fund will finance tech-driven startups on the continent to the tune of $100,000, enabling them to expand beyond their native countries into new territories. Details of the initiative were revealed by the fintech in a statement … Continue reading Carbon Introduces $100,000 Fund for Tech Entrepreneurs
Nigerian Tech Companies Raised $747 Million in 2019
April 19, 2022
Nigeria continues to lead Africa in funding for tech ventures. A new report from Partech Africa says that the country’s digital and tech companies received the biggest amount of total investment on the continent in 2019, with about $747 million channeled into them by various venture capitalists. The Partech Africa Report covers funding activity involving … Continue reading Nigerian Tech Companies Raised $747 Million in 2019
Lagos Startup Resource List: 250+ Accelerators, Incubators, Investors, And More
April 19, 2022
According to a WeeTracker report, African start-ups raised $1.34 billion in venture capital in 2019. Nigeria led the investments with $663.24 million, followed by Kenya and South Africa, amounting to 75% of the deals for the entire continent. This development shows that indeed Lagos is a great place to build your start-up, however, most of the … Continue reading Lagos Startup Resource List: 250+ Accelerators, Incubators, Investors, And More
Five Questions Investors Ask Before Investing In Tech Startups
April 19, 2022
Someone once said that money is the reward for solving problems; to get more money, solve more problems. The world responds to solution providers and people willing to give and serve rather than take from what is in their hand. This implies that in order to earn $1 million, you have to solve a problem … Continue reading Five Questions Investors Ask Before Investing In Tech Startups
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Apply for the $100 Million GroFin Business Fund
April 19, 2022
GroFin is offering to finance small and growing businesses across Nigeria. If you’re an entrepreneur and you need extra capital to scale up, you might get the support you’re looking for from them. Your business could get a boost worth between $100,000 and $1.5 million if your application meets their criteria. GroFin is a private … Continue reading Apply for the $100 Million GroFin Business Fund
Nigerian Fintech Startup Flutterwave is Worth Over $150 Million
April 19, 2022
Silicon Valley based startup incubator, Y Combinator (YC), has listed Nigeria’s Flutterwave as the most valuable African startup to have come through its accelerator program. The incubator had Flutterwave on its list of companies by valuation for the month of October 2019, published on Wednesday. The Nigerian fintech company is one of 102 former members … Continue reading Nigerian Fintech Startup Flutterwave is Worth Over $150 Million
Agritech Focus: All About EZ Farming
April 19, 2022
Nigeria’s agriculture space needs all the innovative solutions it can get. Demand for the products it puts out continues to increase, but the industry’s value chains remain largely underdeveloped and inefficient. Agritech startups are helping various portions of the agric ecosystem lift their performance. They are opening up new funding sources, providing output enhancing technologies, … Continue reading Agritech Focus: All About EZ Farming
You Could Win ₦10 Million at the NES #25 Startups Pitching Event
April 19, 2022
If you’re part of a startup team and you’d like to get some funding to scale things up, here’s your chance to make it happen. The Nigerian Economic Summit Group (NESG) is organizing a pitching event for early-stage startups, which should see the winning team clinch a grand prize of ₦10 million. The NES #25 … Continue reading You Could Win ₦10 Million at the NES #25 Startups Pitching Event
A German Agency Wants to Develop 5,000 Leather and Garment Businesses in Aba
April 19, 2022
The German Corporation for International Cooperation (GIZ) says it plans to boost the production and trading capacities of about 5,000 leather and garment businesses in Aba in the coming months. The organization intends the program to be part of a countrywide effort, which should help improve several industrial value chains in locations across Nigeria. Yakubu … Continue reading A German Agency Wants to Develop 5,000 Leather and Garment Businesses in Aba
Five Nigerian Startups Made It to Y Combinator’s 2019 Accelerator Program
April 19, 2022
Y Combinator, a US-based startup accelerator of global renown, has announced that a record number of startups from across the world are taking part in its bi-annual program. And of the more than 200 tech-driven ventures which made it to the program’s winter batch this year, five are Nigerian. Since its founding in 2005, Y … Continue reading Five Nigerian Startups Made It to Y Combinator’s 2019 Accelerator Program
SSE Angel Network Makes First Investment
April 19, 2022
SSE Angel Network (SSEAN) has made their first set of investments. Members of the network invested in two startups namely Alphotazi Farms and Greenage Technologies. Alphotazi Farms is a modular Cassava processing company currently operating out of a village in Benue but based in Nsukka. Nigeria is the worlds largest cassava producers with most of … Continue reading SSE Angel Network Makes First Investment
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Nigeria is Now Africa’s Foremost Destination for Investment in Startups
April 19, 2022
Nigeria’s startups attracted more funding from investors in 2018 than ventures in other African countries. This was revealed in a report recently published by Disrupt Africa, an online medium tracking the progress of the continent’s startup scene. In what may be seen as a validation of the strides made by startups in the Nigerian tech … Continue reading Nigeria is Now Africa’s Foremost Destination for Investment in Startups
