Category: Lagos
TLcom Capital closes $71M Africa fund with plans to back 12 startups
VC firm TLcom Capital has closed its Tide Africa Fund at $71 million with plans to make up to 12 startup investments over the next 18 months. The group — with offices in London, Lagos, and Nairobi — is looking for tech enabled, revenue driven ventures in Africa from seed-stage…
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Africa Roundup: Trump’s Nigeria ban, Paga’s acquisition and raises — Fluterwave $35m, Sendy $20M
The first month of the new-year saw Africa enter the fray of U.S. politics. The Trump administration announced last week it would halt immigration from Nigeria — Africa’s most populous nation with the continent’s largest economy and leading tech sector. The presidential proclamation stops short of a full travel ban…
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Nigeria is becoming Africa’s unofficial tech capital
Africa has one of the world’s fastest growing tech markets and Nigeria is becoming its unofficial capital. While the West African nation is commonly associated with negative cliches around corruption and terrorism — which persist as serious problems, and influenced the Trump administration’s recent restrictions on Nigerian immigration to the…
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Trump to halt immigration from Africa’s top tech hub, Nigeria
The Trump administration announced Friday it would halt immigration from Nigeria, Africa’s most populous nation with the continent’s largest economy and leading tech hub. The restrictions would stop short of placing a full travel ban on the country of 200 million, but will suspend U.S. immigrant visas for Nigeria —…
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Trump’s travel ban could extend to Africa’s top tech country, Nigeria
The Trump administration is poised to add several African countries to a U.S. travel ban list, including Africa’s top tech hub, Nigeria. Politico first reported the White House is considering Tanzania, Eritrea, Sudan and Nigeria for new travel restrictions, to coincide with the three-year anniversary of Trump’s original executive order,…
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Nigeria’s Paga acquires Apposit, confirms Mexico and Ethiopia expansion
Nigerian digital payments startup Paga has acquired Apposit, a software development company based in Ethiopia, for an undisclosed amount. That’s just part of Paga’s news. The Lagos based startup will also launch its payment products in Mexico this year and in Ethiopia imminently, CEO Tayo Oviosu told TechCrunch The moves come…
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