54 Collective Shuts Down After Court Orders Liquidation Over $106M Mastercard Foundation Grant Dispute. 54 Collective, the venture firm formerly known as Founders Factory Africa, has byBolu BabalolaJuly 24, 2025
Africa’s First Digital SEZ Launches Full-Stack AI Growth Zone to Bridge Continental Infrastructure Gap. Itana aims to keep African AI talent from relying on expensive foreign GPU byFatima OladunniJuly 24, 2025
Egyptian Fintech Flend Raises $3M Seed Round to Digitize SME Lending Across MENA Egyptian digital SME lending platform Flend has closed a $3 million seed funding byBolu BabalolaJuly 24, 2025
Moroccan superapp ORA raises $7.5M Series A to digitize North Africa’s cash-heavy economy. Morocco-based superapp ORA Technologies has closed a $7 byBolu BabalolaJuly 21, 2025
ReportsMay 13, 2024 Nigerian music booms! Artists rake in N25 billion from streaming on Spotify in 2023. Spotify, the global online music streaming platform, announced it paid over N25 byMuhammed Mustapha
Rest of the World StartupDecember 6, 2023 Spotify announced a workforce reduction, trimming 1,500 jobs, which represents 17% of its employees. CEO Daniel Ek says. Spotify, the renowned music streaming service, is undergoing a significant byBolu Babalola
