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Founded by Yele Badamosi in 2017, Microtraction arrived on the continent’s early-stage investment scene with all intent to be “the most accessible and preferred source of pre-seed funding for African tech entrepreneurs.” 2019 saw the local VC firm invest in six companies. The introductory batch was all Nigerian.
His experience from this activity, coupled with working as a technical adviser to the vice president’s office in Nigeria a couple of months back, led him to launch Norebase , a trade tech startup that has raised $1 million in a pre-seed round. It’s one of the few companies offering such services, including Firstbase.
The venture capital scene in Africa has consistently grown, with an influx of capital from local and international investors reaching unprecedented heights in recent years. Mauritius-headquartered companies received $110 million while African startups headquartered in the U.K. Startups headquartered in the US received $471.8
We are proud to be backed by globally recognized investors providing a balance between deep-tech and emerging market expertise. Countries like South Africa, Mauritius and Rwanda are already ahead of the game. Opibus told TechCrunch that it is looking to deliver its first electric bus by the first quarter of next year. “We
based company to stop processing locals’ data. The local radio, TV and internet awareness campaign has a slightly more generous timeline of May 15 to be actioned.) Such decisions must not be delegated to unelected tech leaders. Should we develop nonhuman minds that might eventually outnumber, outsmart, obsolete and replace us?
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