At the age of 21, Aliko Dangote borrowed $3,000 from his uncle to import and sell agricultural commodities in Nigeria, his native country. His business venture quickly became a success, and as a result, he managed to repay the entire loan within three months of starting operations. For the ninth time in
SME Success Story
Amazon Acquires Self-Driving Startup Zoox From Senegalese-Born CEO For Over $1.2bn
E-commerce giant Amazon has reportedly forked out more than $1.2 billion to buy the self-driving startup Zoox. On Friday, both companies announced they had signed a “definitive merger agreement” under which Amazon will acquire Zoox. The deal will give Amazon control of the California-based company that has been developing self-driving car technology. “Zoox
Startups must apply “Africa discount” when fundraising – Helium Health
Founded in 2016, Helium Health takes hospitals and clinics instantly digital with its flagship Electronic Medical Records/Hospital Management Information System (EMR/HMIS) product, currently in use by more than 300 healthcare facilities in West Africa. The company this month announced the completion of a US$10 million Series A funding round, led by Global Ventures and
The new wave of fine jewelers bringing African luxury to the world
Africa is often seen as the home of precious gemstones and metals, with the world’s leading jewelry houses sourcing a steady stream of diamonds, gold and other minerals from the continent. But Africa isn’t merely a source for raw materials: A new wave of homegrown jewelry houses is offering
Stripe, Visa join $8 million Series A round in African payments startup Paystack
Paystack, a Nigeria-based startup providing payments tools to businesses in Africa, has raised $8 million in Series A funding. The round was led by Stripe, and includes Visa, follow-on funding from Tencent and Y Combinator, as well as angel investors Tom Stafford (Managing Partner at DST Global), Gbenga Oyebode (founding partner of Aluko & Oyebode
