Financial

Five Startups of IHATCH Initiative Secure $266,000 Grants as NITDA Extends Programme to More States

Five startups of Cohort One and two of the National Information Technology Development Agency (NITDA), 5-month free intensive incubation programme have secured grants worth about $226,000. According to the Director General of NITDA, Mr Kashifu Inuwa, Xolani Health (a health tech startup from the first cohort) secured a grant worth $155,000, BetaLife (a health tech […]

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Technology

Nigeria to Release Legal Framework for Investment in Digital Public Infrastructure Soon

The legal framework that will make it easier for investors to invest in digital public infrastructure in Nigeria would soon be ready. When ready, it would aid automation of governance, and fast track the digitising the Nigeria’s Micro, Small and Medium Enterprises (MSMEs) to drive the needed sustainable economic growth. According to the Director-General of […]

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Business

Trade Lenda in Partnership with TechnologyMirror Take SMEs Trade Fair to Kwara State this Weekend

Following the successful hosting of the Lagos edition of Trade Lenda SME Trade Fair, Trade Lenda in partnership with TechnologyMirror move the fair to Ilorin, the Kwara State capital city this weekend. The Kwara Trade Lenda Fair is set to be a pivotal event, showcasing a dedication to empowering small and medium-sized enterprises (SMEs) and […]

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Business

Nigeria Govt Gives Backing to Startup Acts, Opens Portal for Engagement with Startups

The Nigerian Government has set up a Startup Support and Engagement Portal, designed as a one-stop shop for startups, venture capital companies, hubs, and innovation stakeholders through the efforts of the . National Information Technology Development Agency (NITDA). The portal will facilitate the labelling of Nigerian Startups and the registration of Venture Capitalists, Angel Investors, Accelerators, […]

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Economy

Nigerian Govt Set to Raise N200m from Philanthropy for MSMEs Funding 

The Nigerian Government intends to raise N200m from a philanthropic organisations as part of efforts to create jobs and support Micro, Small, and Medium Enterprises (MSMEs) The Senior Special Assistant to the President on MSMEs and Job Creation, Office of the Vice President,Temitola Adekunle-Johnson in a statement said the funds will be invested in key […]

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Business

Nigeria’s Trade Finance Startup, FrontEdge Raises $10m for Africa’s Cross-Border Biz

Nigerian trade finance startup FrontEdge, which helps facilitate cross-border trades for African SMEs, has raised $10 million in debt and equity funding to scale operations across Nigeria, Kenya and other African countries. Founded in 2021 by Moni Alli, Front Edge specialises in providing working capital solutions and software tools for exporters and importers in emerging markets. The […]

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Technology

SAP Recommits to UNICEF  Partnership Education Initiative for Young People in Nigeria, Kenya & Others

SAP, has reaffirmed its commitment to youth skills by profiling its SAP Educate to Employ initiative, and public-private partnership with UNICEF and government. The initiative forms part of SAP’s global commitment to supporting UNICEF’s Generation Unlimited (GenU), a public-private-youth-partnership that aims to deliver innovative solutions to challenges youth face around the world. In the region, […]

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StartUps

Food e-commerce Startup Pricepally Secures $1.3m Funding

Nigerian Food e-Commerce startup Pricepally, a fresh and packaged platform, has secured $1.3 million in seed funding to help it scale. Launched in 2019 by Luther Lawoyin, Jumai Abalaka, Deepak Bansal and Monsunmola Adefemi, Pricepally sources farm-fresh produce and distributes it via its e-commerce platform. By bridging the gap between producers and consumers, Pricepally ensures […]

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Business

NITDA’s Mandate Exceeds Digital Economy, Includes Digital Space Says Inuwa

“Our mandate is not just about digital economy but transformation of the digital space and how we can empower and enhance productivity across all sector,” the Director General, National Information Technology Development Agency, (NITDA) Kashifu Inuwa, has said. According to Inuwa, Nigeria’s focus is beyond digital economy because of the pervasive nature of digital technology […]

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Business

Zoho Grows Nigerian Operations by 50% in One Year, Unveils Fresh Business Portfolios

Zoho, a global technology company, said that it grew by 50% in Nigeria in 2022. The company, as part of its Zoho for Startups programme, has also partnered with #StartupSouth, an organisation that works towards the development of startups from South and South-East Nigeria. Zoho will also be providing its contract management solution, Zoho Contracts, […]

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