Africa Finance Corporation unleashes $100m to break foreign grip on African startups – Businessday NG
The Africa Finance Corporation (AFC) has launched a $100 million investment push aimed at reducing foreign dominance in Africa’s fast-growing…
Tag: Businessday
Africa’s startup exit problem deepens as investors struggle to cash out – Businessday NG
African venture capital investors are discovering that building startups is no longer the hardest part of the investment cycle; getting…
Tech entrepreneur warns venture capital may be stifling African fintech resilience – Businessday NG
Michael Adeyemi, Tech entrepreneur founder of Depth Technologies Limited, has cautioned that venture capital, while widely viewed as a catalyst…
Africa startup investors shrink to five-year low in 2026 – Businessday NG
Africa’s startup ecosystem is facing its sharpest investor retreat in five years, as rising global caution, fewer big deals and…
Africa’s startup investors shift toward local capital as exits gain ground – Businessday NG
The African Private Capital Association (AVCA) said venture-backed exits reached a record high in 2025, signalling a shift toward local…
Nigeria’s top startup founders named in Endeavor’s 2026 outliers list – Businessday NG
Nigeria’s high-growth startup ecosystem has gained global recognition once again as Endeavor unveiled its 2026 ‘Outliers’ cohort which highlights some…
Paga Group reshuffles leadership in key expansion move – Businessday NG
Paga Group has announced a major leadership restructuring, marking 17 years of operation and signalling a strategic shift toward deeper…
Africa’s start-ups turn to debt as funding crunch reshapes $1.2bn market – Businessday NG
African start-ups are increasingly turning to debt financing as venture capital becomes harder to secure, reshaping what analysts say is…
Littlefish secures $9.5M Series A to scale merchant infrastructure for African banks – Businessday NG
Littlefish, a South Africa-based fintech infrastructure startup, has raised $9.5 million in a Series A funding round led by Partech,…
Kenya, Rwanda move toward single licence for cross-border fintech expansion – Businessday NG
Kenya and Rwanda are working toward a regulatory framework that could allow fintech companies to operate across both markets using…
CcHUB, Mastercard Foundation open applications for fourth edTech fellowship in Nigeria – Businessday NG
Co-creation HUB (CcHUB), Nigeria’s pioneering tech innovation hub in collaboration with the Mastercard Foundation, has officially launched applications for the…
When venture growth meets bank debt: The Alerzo–Moniepoint showdown – Businessday NG
The dispute between Ibadan-based B2B e-commerce startup Alerzo and fintech lender Moniepoint Microfinance Bank is fast becoming a defining test…
African tech debt hits $1.64B in 2025, signaling a structural shift in startup funding – Businessday NG
African tech startups raised a record $1.64 billion through debt financing in 2025, a 63 percent increase from $1.01 billion…
TetradPay spotlights Global readiness as next frontier for African fintechs – Businessday NG
TetradPay has stated the importance of building African fintech companies with global ambitions beyond local markets. The firm said this…
Flutterwave CEO joins $22m Terra round as African defensetech accelerates expansion – Businessday NG
Olugbenga Agboola, the chief executive of Flutterwave, has joined a fresh $22 million funding round for Nigerian defensetech startup Terra…
African fintechs must abandon “growth at all costs” model to win trust, scale sustainably – Kuda’s MD – Businessday NG
African fintech startups seeking to onboard the continent’s next billion users will need to rethink their long-standing growth strategies, Musty…
ASVLP 2026 to convene Africa, MENA venture leaders as startup funding rebounds – Businessday NG
Venture capitalists, founders and policymakers from across Africa and the Middle East and North Africa (MENA) will gather on January…
After year-long silence, Thepeer rebuts co-founder’s fraud allegations – Businessday NG
Nearly two years after Nigerian fintech startup Thepeer quietly shut down in May 2024, one of its co-founders has broken…