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The motorcycle ride-hailing wars in Nigeria and Uganda is SafeBoda’s to lose

TechCrunch

On April 16, Uganda-based two-wheel ride-hailing platform SafeBoda announced that it had completed 1 million rides in Ibadan, a southwestern city in Nigeria. The company, which first launched in Uganda, is disrupting the offline market of local motorcycles referred to as boda-bodas in Uganda and okadas in Nigeria.

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From email scams to e-commerce wins: How online shopping is helping Nigeria fix its Internet reputation

The Next Web

Nigeria itself is home to 170 million people, a figure that is expected to rise to 400 million by 2050, and the biggest market in Africa. According to Transparency International in 2013, Nigeria was the world’s 144th most corrupt country out of the 177 countries monitored. Online shopping as tech opportunities.

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Why Nigeria leads the way in YC’s participation in Africa

TechCrunch

In 2019, startups based in Nigeria attracted $747 million, or 37% of Africa’s total VC investment. YC W22 batch nets 24 African startups, including 18 from Nigeria. Apart from revenue thresholds, the accelerator shared another interesting statistic concerning Nigeria. Y Combinator is paying attention.

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African tech took center stage in 2021

TechCrunch

Two years ago, the African tech ecosystem saw newfound attention from global players that translated to the continent’s best year of receiving venture capital. From varying sources, it is estimated up to $2 billion went into African tech startups in 2019. AfricArena, a tech ecosystem accelerator, pegged deals to close between $2.25

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More job cuts loom as Sendy changes course in Nigeria

TechCrunch

Months later, the company is ceasing on-ground operations in Nigeria, one of its four markets in Africa. This means that it will no longer fulfill orders in the West African country, saying it has become “a fully-integrated tech solution” that will match online buyers with the right logistics providers. We are not pivoting.

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YC W22 batch nets 24 African startups, including 18 from Nigeria

TechCrunch

India, with 32 startups, is the second-largest demographic represented in the new batch, while Nigeria is third, having delivered 18 startups. Location : Lagos, Nigeria. Location : Lagos, Nigeria. YC-backed Curacel unveils new API platform that enables tech-led businesses to offer insurance. Location : Lagos, Nigeria.

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Mecho Autotech gets $2.15M to expand vehicle maintenance and repair services in Nigeria

TechCrunch

Nigeria has more than 12 million registered vehicles , and approximately 90% of them are used cars that need frequent checkups to prevent recurring breakdowns. Given this number, one would expect effective vehicle maintenance to be standard in Nigeria. African tech took center stage in 2021. million seed round. .

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