Google seeks next wave of African innovators for 2025 Accelerator programme

Post AMUGEApril 17, 2025

Business a.m. Google has opened applications for the 2025 Google for Startups Accelerator Africa programme, a three-month initiative designed to support early-stage startups using artificial intelligence to address Africa’s most pressing challenges. The development comes amid reports showing that across the continent, startups are demonstrating how local innovation can solve deeply rooted problems. A notable […]

Kenya tops Africa in venture capital funding as Nigeria loses dominance

Post AMUGEMarch 26, 2025

Joy Agwunobi Nigeria has lost its long-held position as Africa’s top destination for venture capital funding, with Kenya now leading in startup investments. Despite this shift, Nigeria remains the most funded startup ecosystem in the continent’s history, having attracted N4.6 billion in venture capital over the past five years. According to a recent  report by […]

Leading East African fintech lender Tugende raises USD 9.9ml in Series A round

April 7, 2021

Series A extension round of 3.6 million brings total funding to 9.9 million Initial round backed by Toyota Group Investment secured by leading fintech and financial inclusion investment banking franchise of Verdant Capital. Wale Ameen Online Editor Leading East African fintech MSME lender Tugende has secured a total of USD 9.9 million in series A […]

Smile Telecoms Holdings Ltd receives $51m in funding to boost operations

April 1, 2021

Fund will enhance telecoms giants operations in its respective markets Receives debt restructuring plan approval from lenders   Wale Ameen Online Editor   Pan African telecommunications group, Smile Telecoms Holdings Ltd has announced the receipt of a fresh boost in funding from its majority shareholder, Al Nahla. This comes along with a shift of its […]

Forex Trading Platforms

March 5, 2020

  Forex trading is the selling and buying of foreign exchange and is mostly practiced within the Forex markets. It is a risky investment but if done well can yield an amazing return for the traders. There are many online and most offer information to their clients about the available Forex trading platforms they can […]

Fintech leads other tech startups in attracting investors

Businessam StaffJuly 30, 2018

Fintechs, Microfinance

Fintechs are leading other segments of the tech ecosystem, such as agritech, edutech, healthtech etc, in attracting investors. A startup and venture capitalist ecosystem report released earlier this month, which assessed the African tech startup funding activities for Q1 and Q2 2018, uncovered that fintech closed the highest number of deals beating other tech startups. […]

Millennials are making move on tech funds

Businessam StaffAugust 31, 2017

At the age of 27, Andre de Haes raised 30 million euros ($36 million) for his London-based venture capital fund, Backed VC. Now 30, he and his 29-year-old business partner Alex Brunicki are among a cohort of young investors who are having a greater say in how the billions that have flowed into European venture […]

Apple to build Iowa data center, gets $207.8 million in incentives

Businessam StaffAugust 24, 2017

Apple Inc will build a $1.375 billion data center in Waukee near Des Moines, Apple and Iowa officials said on Thursday, with $207.8 million in incentives approved by the Iowa Economic Development Authority, Reuters reports. Apple will purchase 2,000 acres (8.09 square km) of land in Waukee to build two data centers. The company will […]