Funding
Otedola drops ₦300B on First HoldCo in a single month
Two disclosed share purchases in July have lifted Femi Otedola's stake in Nigeria's largest financial group to 25.88%, committing roughly $215M to the position.
Global
Tech Firms Force In-Person Interviews to Block AI Cheating
As candidates lean on AI tools to ace screenings, major tech employers are reversing remote hiring norms and demanding face-to-face interviews to assess authentic skill.
Global
Two Funding Calls Open for African MSMEs in 2025
An EU-backed Central Africa trade programme and a Wharton-linked venture competition are separately soliciting applications from African small businesses and entrepreneurs.
Global
Salt Capital Takes Majority Stake in Dispense Logic
The acquisition expands Salt Capital's beverage distribution footprint while Morocco's CFG Capital navigates a leadership transition with Souad Benbachir Hassani's departure.
Technology
UBA Business Series: Where Africa's Next Unicorns Were Mapped
Investors and founders gathered at the UBA Business Series to pinpoint Africa's highest-potential sectors, with fintech, healthtech, and agritech emerging as the frontrunners for the continent's next billion-dollar companies.
Most read
- M-KOPA hits 10 million customers, adding 10,000 daily
- Afreximbank and IDC Sign Investment Pact to Boost African Trade
- Google's Selfie Video Verification: What It Means for Africa
- Cue Raises $5M to Scale AI Customer Service Across Africa
- Nigeria Launches Startup Accelerator Amid Persistent Funding Drought
The Brief
Politics
Flutterwave Eyes East African Bank Acquisition as IPO Stalls
Africa's most valuable fintech is pursuing a bank takeover in East Africa, pivoting toward full-service banking as its public-market debut remains on hold.
Global
GoLemon Folds as Nigeria's Grocery-Tech Sector Stumbles Again
The collapse of GoLemon is the latest in a string of failures in Nigeria's quick-commerce space, even as the country cements its grip on African tech funding and talent.
The Money
Deal Tracker →Funding
Undisclosed
GoLemon
E-commerce · Nigeria
Growth
₦222.21B (~$160M)
First HoldCo
Fintech · Nigeria
Debt
₦4.05B
Dimension Data Nigeria
IT Services · Nigeria
Seed
$2.8M
Fincart
E-commerce / AI · Egypt
Seed
$1.5M
Codar
Edtech · Nigeria
Undisclosed
Undisclosed
ISF (Innovation Support Fund) portfolio
Fintech
The nook Brief
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