African business, finance, and economic stories covering the companies, deals, and leaders shaping the continent’s economic rise.
‘Amoke Oge,’ a local food vendor in Lagos, Nigeria, owned by Hajia Amoke Odukoya, has generated ₦2.3 billion in revenue from 500,000 fulfilled orders on Chowdeck, the fast-growing digital food delivery platform. This feat makes Amoge Oge the first woman-led business to cross the half-a-million delivery mark on the platform. The milestone, calculated from an.
Mark Zuckerberg-led Meta, the parent company of WhatsApp, Facebook, and Instagram, may shut down its services in Nigeria. This comes after Nigeria’s Competition and Consumer Protection Tribunal upheld a ₦220 billion fine against the company for allegedly violating data privacy laws and abusing its market power. The ruling, based on a long-running investigation, found Meta.
A wave of startup closures is sweeping through Africa’s tech ecosystem, and Nigeria appears to be the hardest hit. Four promising African startups closed their doors between January and March 2025 alone. The shutdowns follow a stark decline in funding, compared to the significant investment that flowed into the ecosystem over the last five years..
In 2016, Mukesh Ambani, chairman of Reliance Industries and the richest man in Asia, launched what would become the most ruthless, brilliant, and transformative takeover of a major industry in modern history. Within six months of entering India’s telecom market, he rewrote the rules. In less than three years, his company, Reliance Jio, forced 11.
Raising capital from an African VC firm is not just about a pitch deck and passion. It’s about alignment. Market fit. Discipline. And above all, clarity. Too many founders build in isolation, guessing at what investors want. But thanks to insights from the Investor Guide, a working document developed by TechCabal in collaboration with leading.
As alarming as our phone addiction and unhealthy digital lifestyle are, we are not loud about how to detox regularly enough. You wake up to the alarm on your phone, or rather, the glow of its screen. Before your feet hit the floor, you’ve already scrolled through texts, checked Instagram, and skimmed the news. By midday, you’ve fallen.
Bitcoin’s price surged past $86,000 on Monday, kicking off the week with a wave of gains across the crypto market. The jump came as investors reacted to news that U.S. tariffs might not be as harsh as expected, and after the Federal Reserve confirmed plans for interest rate cuts this year. As of 7am WAT,.
Cassava Technologies has unveiled plans to build Africa’s first AI Factory, an NVIDIA-powered facility that promises to unlock next-generation computing capabilities for the continent. The company is positioning the project as a critical leap toward digital self-reliance, bringing advanced artificial intelligence infrastructure home to African soil. The AI Factory will go live first in South.