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Nigeria

PublicVine: boosting Africa's sharing economy

Written by Jessica Hashemi on Tuesday, 03 June 2014.

Nam Mokwunye's online and mobile social video marketplace has one sole aim: to capitalise on the creativity and cachet of the $5.1bn Nollywood market, and take Nigerian content global.

Savannah Fund boosts Africa's startup scene

Written by Shawna Warmington-Brown on Tuesday, 03 June 2014.

The Nairobi-based Savannah Fund has accepted three more tech startups into its accelerator class. The latest entrants, Zevan Limited from Kenya, Ghana's BIGxGh and Nigeria's UniSmart, take the tally of supported companies to 13 in just a few years.

How MYC4 is changing the funding landscape

Written by entrepreneurcountry on Monday, 12 May 2014.

African economic growth is expected to rise to 4.7% this year, but there are concerns that the US Federal Reserve's exit from quantitative easing will stem the capital inflow required to sustain this level of growth. Innovative startup MYC4, co-founded by Mads Kjær (one of Denmark's most successful entrepreneurs), is emphatically addressing these concerns.

Microsoft pledges support to five African startups

Written by entrepreneurcountry on Monday, 12 May 2014.

In an effort to empower the next generation of entrepreneurs and developers in Africa, Microsoft is offering financial support to five of the continent's brightest startups. Under the 4Afrika initiative, the American Goliath will act as both financial backer and entrepreneurial mentor to a fortunate handful of David enterprises.

LeadPath Nigeria launches $1.5m startup fund

Written by Jessica Hashemi on Monday, 12 May 2014.

In a drive to bridge the gap between startups and corporations with market dominance in Africa, LeadPath Nigeria is hoping to corner the Nigerian seed capital market with its innovative new offering. The investor unveiled its new $1.5 million accelerator fund and startup workshop in front of hundreds of investors, entrepreneurs and developers at a recent convention in Lagos, paving the way for a deluge of investments.

Nigeria's Answer To iTunes

Written by Shawna Warmington-Brown on Monday, 12 May 2014.

Nigerian start-up MyMUSIC may be a fledgling company, but its certainly not short on ambition. Aiming to become the iTunes of its continent, its software plans to unite music enthusiasts in Africa with the artists they love by introducing easily accessible mobile downloads. Due to launch in public beta within a few weeks, the MyMUSIC app will charge around $0.33 per song.

Duo partner to accelerate Nigerian mobile startups growth

Written by Nonso Ndumanya on Wednesday, 19 March 2014.

African Tech Investors 88mph and L5Lab Partner to Accelerate Nigerian Mobile Start-Ups. The 440 accelerator, a joint venture between African seed investment companies 88mph and L5Lab, is set to invest a minimum of US$1.5 million in mobile and internet startups in Nigeria over two years, starting from September 1.

Funding the Nigerian Ecosystem

Written by Jason Njoku on Tuesday, 04 February 2014.

Funding for tech-start-ups doesn’t really exist in Nigeria. The banks tend not to lend to those who aren’t wealthy already and even for those that do, interest rates are prohibitively high. Without private investment, you almost certainly will not be able to start up your own internet company; the vast majority of young people cannot even afford a decent internet connection for themselves, let alone enough bandwidth to power an office.

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Featured

PublicVine: boosting Africa's sharing economy

by Jessica Hashemi

Nam Mokwunye's online and mobile social video marketplace has one sole aim: to capitalise on the creativity and cachet of the $5.1bn Nollywood market, and take Nigerian content global.

Read more

Duo partner to accelerate Nigerian mobile startups growth

by Nonso Ndumanya

African Tech Investors 88mph and L5Lab Partner to Accelerate Nigerian Mobile Start-Ups. The 440 accelerator, a joint venture between African seed investment companies 88mph and L5Lab, is set to invest a minimum of US$1.5 million in mobile and internet startups in Nigeria over two years, starting from September 1.

Read more

Savannah Fund boosts Africa's startup scene

by Shawna Warmington-Brown

The Nairobi-based Savannah Fund has accepted three more tech startups into its accelerator class. The latest entrants, Zevan Limited from Kenya, Ghana's BIGxGh and Nigeria's UniSmart, take the tally of supported companies to 13 in just a few years.

Read more

Funding the Nigerian Ecosystem

by Jason Njoku

Funding for tech-start-ups doesn’t really exist in Nigeria. The banks tend not to lend to those who aren’t wealthy already and even for those that do, interest rates are prohibitively high. Without private investment, you almost certainly will not be able to start up your own internet company; the vast majority of young people cannot even afford a decent internet connection for themselves, let alone enough bandwidth to power an office.

Read more

Microsoft pledges support to five African startups

by entrepreneurcountry

In an effort to empower the next generation of entrepreneurs and developers in Africa, Microsoft is offering financial support to five of the continent's brightest startups. Under the 4Afrika initiative, the American Goliath will act as both financial backer and entrepreneurial mentor to a fortunate handful of David enterprises.

Read more

How Nigerian Youths are Driving the Startup Ecosystem in Nigeria (Part 1)

by Kenneth Omeruo

The backbone of every economy is hinged on Technology with entrepreneurship driving the growth of the entire system. We see Technology powering every facet of human endeavor, enabling effective governance, empowering security, driving economic and social changes. No nation, especially the developing countries can afford to neglect the importance of technology if they want to be relevant in future.

Read more

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