Nigerian startups still thrive almost exclusively on foreign investment

Foreign investment accounted for 98% of the total funds raised by Nigerian Internet startups in the second quarter of 2018, as revealed in Techpoint’s Nigerian Startup Funding Report for the same period. The ratio of foreign to local investors for this period was 7:2 but in value, the ratio was about 13:1. One thing that’s Read more about Nigerian startups still thrive almost exclusively on foreign investment[…]

Apple reportedly reaches deal with third-party reseller to allow authorized iPhone repairs

Apple and Simply Mac, a third-party Apple reseller and service provider, have reached a deal that will see the iPhone maker provide the necessary hardware to let Simply Mac conduct authorized screen repairs, according to a report from 9to5Mac. Prior to the deal, Simply Mac was subsiding on a limited number of Touch ID and Read more about Apple reportedly reaches deal with third-party reseller to allow authorized iPhone repairs[…]

Lagos state government to convert Sabo Industrial Estate to an ICT Hub

  The Lagos State Government, during a recent ministerial press briefing held in commemoration of the third year of the administration of Gov. Akinwunmi Ambode, revealed plans to transform the Sabo Industrial Estate, Yaba, into a technology hub. The framework, according to this report, has already been laid down and the structure for the hub Read more about Lagos state government to convert Sabo Industrial Estate to an ICT Hub[…]

At least $100k investment for women-led startups, $20k from Outlier Venture Lab, more

At least $100k investment for women-led startups, $20k from Outlier Venture Lab, more There are numerous opportunities revolving around the globe this week. We’ve narrowed down a couple, relevant to Africans entrepreneurs, innovators, students, etc. Browse through our list of opportunities and apply for the ones you believe is right for you. Source: TechPoint

VC4A Venture showcase, $5000 for grab at Ignite summit and more

VC4 Africa is looking for 8 innovative, high-growth startups to showcase at Africa Early Stage Investor Summit on Nov 11-12 in Cape Town. Are you operating in Africa, generating revenue and looking to raise your Series A round in the range of $250K and $5M? This is the opportunity you’ve been looking for. This new Read more about VC4A Venture showcase, $5000 for grab at Ignite summit and more[…]

How electric vehicles are moving into the fast lane

From battery-powered delivery trucks and rickshaws, to Formula E racing cars, electric vehicles are entering the mainstream. But will a lack of investment in charging infrastructure hold the market back? In 2015 single mum Sushila Devi was struggling to make ends meet and didn’t even have the money to send her three kids to school. Read more about How electric vehicles are moving into the fast lane[…]