Your Business Story

More than 3 million businesses are now advertising on Facebook, up 50% from last year

Apps, Social Media

3rd March 2016

More than 3 million businesses are now using Facebook Ads, hoping to tap into the social network’s massive user base and reach to promote and sell their products.

More From TC

Carry1st’s payments solution for gaming spurs $6 million Series A

FinTech

Alexander O. Onukwue

5th May 2021

Cordel Robbin-Coker, Lucy Hoffman, and Tinotenda Mundangepfupfu started Carry1st in 2018 to publish mobile games and interactive content for Africans. One of their games, Carry1st Trivia, got a lot of buzz in 2020 with about one and a half million downloads. In the three years since its launch, Carry1st has also become a medium for […]

Kenyan Insurtech Lami raises $1.8 million seed funding

News

Daniel Adeyemi

5th May 2021

Lami, a Kenyan insurtech company democratizing insurance products and services for low-income Kenyans, has raised $1.8 million in seed funding. The funding round was led by Accion Venture Lab. Founded by Jihan Abass in 2018, Lami is a digital insurance platform that enables partner businesses – including banks, tech companies, and other entities to easily […]

Nigerian government extends NIN registration again – new deadline is June 30

Internet, News, Policy

Bright Azuh

4th May 2021

The Federal Government of Nigeria has extended the May 9 deadline for Nigerian mobile subscribers to link their National Identity Numbers (NINs) to their SIM cards. This announcement marks the fourth time the government has adjusted the NIN registration deadline since the first call on December 30, 2020. The country’s Minister of Communications and Digital […]

Microtraction’s novel approach to early-stage investments in Africa is paying off

Ask An Investor

Daniel Adeyemi

4th May 2021

From a fresh and relatable perspective, the Ask an Investor series focuses on conversations with investors in Africa – investment banks, sovereign wealth funds, private equities, venture capitalists and every other class of investors, explaining why and how these investments happen by talking to the people who make them happen. Yele Bademosi didn’t start out in the […]

Microsoft’s new partnership with the Nigerian government aims to upskill 5 million Nigerians

ecosystem, Government, Jobs, News

Bright Azuh

4th May 2021

The Nigerian Federal Government recently announced a partnership with tech giant Microsoft to accelerate the country’s digital economy. This announcement follows a discussion that took place in January between Nigeria’s vice-president, Yemi Osinbajo and Microsoft’s Corporation President, Brad Smith. The collaboration is in line with Nigeria’s economic sustainable plan to grow the economy. It will […]

New venture capital funds in Egypt to receive $120million from GIZ

Venture Capital

Alexander O. Onukwue

4th May 2021

It’s a good time to be raising money for venture capital investment in Egypt, especially if it is a first-time fund. GIZ Egypt has launched a €100 million ($120 million) funding programme called “VC University”. The initiative is a collaboration between GIZ, Germany’s international development agency, and the Egyptian Micro, Small and Medium Enterprises Development […]

MTN Nigeria’s Q1 2021 results show it may be quietly poised for fintech leadership

News

Olumuyiwa Olowogboyega

4th May 2021

MTN has expanded its 4G coverage to about 61.8% of the population but what’s more interesting is that in Q1, it added 1.2 million smartphones to its network. 47.5% of the company’s customers now use smartphones.

Designing and building sustainable commercial spaces in Nigeria

Uncategorized

Koromone Koroye

3rd May 2021

It takes a great team to build an equally great product. Centre Stage exists to tell the behind-the-scenes stories of how products and companies are built in Africa. A new Centre Stage story drops every Monday at 3 PM. As workplaces continue to re-open, many organizations are adopting the hybrid work model – a new […]