Nigeria’s data demand outpacing network growth — NCC
…Says mobile broadband covers 90% of Nigerians, only 27% own smartphones…Seeks long-term naira funding for telecoms infrastructure By Juliet Umeh The Nigerian Communications Commission, NCC, has warned that rising data demand is putting pressure on Nigeria’s networks and called for greater investment in digital infrastructure.In a communiqué issued on Sunday after the Nigeria Digital Connectivity […]
Investors pump $4.4m into DrugStoc for cheap access to quality Pharmaceuticals
By Prince Osuagwu Healthtech startup, DrugStoc has secured USD 4.4 million funding to expand access to quality medicines while providing sustainable supply chain financing for healthcare providers in Sub-Saharan Africa. The funding round is led by Africa HealthCare Master Fund, AAIC, and other investors including Chicago-based venture firm Vested World and the German Development Bank,DEG. […]
ANGEL investors poll $3m seed funding for Payhippo to help SMEs
By Prince Osuagwu LENDING startup, Payhippo, is widening credit access for small businesses in Nigeria, announced today that it raised $3 million in seed funding. The round was led by influential African fintech founders and financial leaders Ham Serunjogi and Maijid Moujaled, co-founders Chipper Cash, Olugbenga Agboola, founder Flutterwave, Bolaji Balogun, CEO Chapel Hill Denham, […]
QuickBus targets intercity travellers as it launches in Nigeria, other African countries
Online marketplace ticketing system, QuickBus, has expanded its presence in Africa with its operational launch in Nigeria, Ghana and South Africa. The startup has a presence in Kenya, Angola, South Africa, and Uganda, and is now the most popular site for booking buses in Africa. QuickBus solution is vital on a continent where most of […]
Financial inclusion: Why all past initiatives failed
By Juliet Umeh Although the liberalisation of the telecommunications sector in 2001 unleashed huge growth in Nigeria’s Gross domestic product, GDP, it has however not fulfilled its target in the country’s journey to financial inclusion of people living in un-served and under-served areas of the country. This, according to different industry stakeholders is down to […]
FG makes new N20m investment in start-up ecosystem
By Prince Osuagwu The Federal government has pumped N20 million into the Nigerian start-up ecosystem. The investment came through the Nigerian Communications Commission, NCC, which doled out a grant of 5million each to four young tech start-ups in the country. The funding is to help the four start-ups gain fast traction and grow into big […]
