Silicon Valley News

Iyinoluwa Aboyeji, the 26-year old Founder of Flutterwave and Andela

26-year-old founder wants to transform online payments in Africa

Aboyeji is the Co-Founder of Flutterwave, a payments API that makes it easier for banks and businesses to process payments across Africa.

Nairobi is one of the continent’s centers of startup activity.

The future of tech is in 'cities across Africa,' says this start-up CEO

Silicon Valley’s days leading the tech revolution may be coming to an end, according to one optimistic observer who believes the future of technology lies much further abroad than San Francisco.

Nigeria's Cars45 closes $5M round to digitize Africa's used autos markets

Nigeria's Cars45 closes $5M round to digitize Africa's used autos markets

Africa’s startup boom is moving into the used-vehicle space. Nigeria based Cars45.com raised a $5 million Series A round from the Frontier Cars Group, a holding company whose backers include Balderton Capital, EchoVC, TPG Growth, and NEA.

Lagos, Nigeria

Lagos is Africa's most valuable startup ecosystem

Lagos has the most valuable startup ecosystem in Africa, with the local entrepreneurship scene worth US$2 billion, according to a new report.

Khanyi Dhlomo, Founder, Ndalo Media: The biggest enabler for African success is actually not necessarily external: Credit: Red Photographic/WSJ

How to encourage innovation in Africa: Khanyi Dhlomo, Ndalo Media Founder & Ashish Thakkar, Mara Group Founder

Ndalo Media founder Khanyi Dhlomo and Mara Group founder Ashish Thakkar on where the potential is and what’s blocking it.

Mark Zuckerberg's trips to Nigeria and Kenya track tech's growing interests on the continent

Mark Zuckerberg's trips to Nigeria and Kenya track tech's growing interests on the continent

After a surprise Nigeria visit to meet with techies in Lagos, Mark Zuckerberg took his Africa tour to Kenya this Thursday.

Zuckerberg's visit is a validation for betting big on Nigeria's tech industry

Zuckerberg's visit is a validation for betting big on Nigeria's tech industry (Video)

Facebook Founder, Mark Zuckerberg, has had a busy time, so far, in Lagos. He visited the Co-Creation Hub (Cc Hub), Nigeria’s leading technology incubator-turned-accelerator in Lagos’ Yaba neighborhood, a Silicon Valley-style ground zero.

Iyinoluwa Aboyeji, Co-Founder, Andela. Credit: thescoopng.com

Andela Co-Founder Iyinoluwa Aboyeji is leaving to start payments company Flutterwave

Just eight weeks after raising $24 million in a funding round led by Mark Zuckerberg’s foundation, Andela, one of Nigeria’s best-known startups, is saying goodbye to its co-founder Iyinoluwa ‘E’ Aboyeji.

What Africa's banking sector needs to do to survive

What Africa's banking sector needs to do to survive: Ndubuisi Ekekwe, Founder, African Institution of Technology

Across Africa, banking is being redesigned. Technology has emerged as a competitive weapon in driving operational excellence and superior service quality.

Here are 7 predictions for Africa's tech sector

Here are 7 predictions for Africa's tech sector

As Africa transitions from the margins to the mainstream of the global economy, technology is playing an increasingly significant role.

Meet some of the tech companies creating opportunity in Africa

Meet some of the tech companies creating opportunity in Africa: Jonathan Berman, CEO, J.E. Berman Associates

For our family, it’s the homecoming routine. I pull up to the house and my son flies out of the car to inspect the box or two on our front stairs. Santa only delivers once a year, but Amazon leaves something on our door about every other day.

Ghana's startup hub pioneer MEST is going pan-African with a $50 million fund

Ghana's startup hub pioneer MEST is going pan-African with a $50 million fund

Meltwater Entrepreneurial School of Technology (MEST) has built one of Africa’s best known startup ecosystems in Accra, Ghana over the last eight years—and now it’s doubling down on a push to take its vision pan-African.

Chris Folayan, Founder and CEO, MallForAfrica

Mall For Africa: How a Nigerian built an African e-commerce empire from his bedroom

As an Africa business coach and consultant I have the pleasure of wandering through African business news and related success stories as part of my job.

Mitchell Elegbe, Founder & CEO, Interswitch

Nigerian fintech company Interswitch could become Africa's first startup to IPO at $1B+ valuation

Africa’s first billion-dollar tech IPO on a major exchange may be imminent.

Uber basks in phenomenal South Africa growth

Uber basks in phenomenal South Africa growth (Infographic)

On-demand driving service Uber has seen phenomenal growth since launching in South Africa in 2013.

Funke Opeke, CEO, MainOne Cable

Funke Opeke: Nigeria's cyber revolutionary

The only major road through Lekki is clogged, even on a Saturday afternoon. The expressway through the swampy peninsula that expands the city of Lagos in an easterly direction is riddled with street hawkers peddling red grapes, shoe racks and phone chargers to the cars caught in the hold up.

Government funding is just one avenue for African tech. Credit: Brent Lewin/Bloomberg; Eduard Gismatullin/Bloomberg. institutionalinvestor.com

Government funding is just one avenue for African tech

Hoping to reap the economic benefits of a digital revolution, several African countries are seeking to build their own versions of Silicon Valley.

Andrea Barrica, Venture Partner, 500 Startups

Venture Capital Firm 500 Startups Seeks First Nigeria Tech Deals

500Startups, a Silicon Valley venture-capital firm with more than $175 million under management, is seeking its first investments in Nigerian technology companies as Africa’s most-populous nation encourages industries that will reduce its reliance on oil.

Ghana’s MEST incubator To launch Pan-African VC fund, expand training programs to Nigeria & Kenya

Ghana's MEST incubator to launch Pan-African VC fund, expand training programs to Nigeria & Kenya

Ghana’s MEST innovation space is making moves, gearing up to launch a Pan-African VC fund in 2015, while expanding its IT training program into Nigeria and Kenya.

Yemi Lalude, Managing Partner, TPG Africa

Private equity firm TPG Growth appoints Harvard-trained Yemi Lalude as Managing Partner of TPG Africa

TPG Growth, the global middle market and growth equity platform of private equity firm TPG Capital, has announced the appointment of Yemi Lalude as Managing Partner of TPG Africa.

Here are the 5 startups chosen at DEMO Africa to pitch in Silicon Valley

Here are the 5 startups chosen at DEMO Africa to pitch in Silicon Valley

One of the continent’s most-talked about startup events, DEMO Africa 2015, recently concluded with five startups chosen to pitch in Silicon Valley.

SimbaPay wins DEMO Africa 2015

SimbaPay wins DEMO Africa 2015. Next stop: Silicon Valley

At DEMO Africa 2015, SimbaPay showcased a new app that enables the opening of bank accounts in Africa from outside the continent.

Chris Folayan, Founder and CEO, MallForAfrica

The Next Africa: Technology and Business on an Emerging Continent (Video)

People around the world will interact with Africa very differently over the coming decades. They will be more likely to trade stocks in Ghana, work for companies doing business on the continent and learn the names of African tech moguls and billionaires.

Nigeria's Lagos Carnival (AP Photo/Sunday Alamba)

Nigeria's tourism opportunity can be unlocked by local online booking platforms

In economic terms Nigeria is best known as Africa’s largest economy and its number one oil producer, but unlike many other African countries, travel and tourism comes far down the list of GDP contributors.

Chris Folayan, a co-founder of MallforAfrica. Credit Thomas Patterson for The New York Times

Order from Amazon & Macy's in Nigeria: MallforAfrica now delivers over 120 global online retailers to Nigeria

Last year, when Tunde Adebayo needed three inflatable bouncy castles for KidzPlay, his event-planning business in Lagos, Nigeria, he turned to an online shopping service called MallforAfrica.

Seedstars World (SSW)

Meet the 8 African startups to compete at the Seedstars World (SSW) final competition

On February 4 2015, 36 startups from emerging markets around the world will converge at the Grand Final of Seedstars World to be held in Geneva, Switzerland, a global startup competition that showcases new opportunities beyond Silicon Valley.

7 African countries with booming ecommerce markets

7 African countries with booming ecommerce markets

Ecommerce is at the epicenter of Africa’s thriving economies. With internet penetration rapidly spreading across the region, this represents huge potential which has hitherto been untapped.

Wonderloop

Nigerian billionaire Tony Elumelu invests undisclosed amount in Silicon Valley mobile startup Wonderloop

Tony O. Elumelu, one of Africa’s wealthiest magnates (who recently launched a $100 million program to support entrepreneurship in Africa) is understood to have put an undisclosed sum into Silicon Valley-based mobile startup Wonderloop.

Nkiru Balonwu, CEO, Spinlet

An interview with Spinlet's CEO, Nkiru Balonwu, and Head of Business Development, Oye Akindeinde (Video)

Spinlet is a mobile music download platform founded in 2006 with offices in Lagos, Nigeria; Cape Town, South Africa; and San Francisco, United States.

Konga Mall

Africa's tech start-ups of the future

Silicon Africa is gaining attention, investment, and momentum.

Lagos, Nigeria

Lagos vs. Kenya vs. South Africa: Which is Africa's ICT capital?

Why is it Lagos up there and not Nigeria? Because Lagos almost qualifies as a country of its own right now.

Konza Techno City, Kenya

Billion dollar tech cities - Ghana's Hope and Kenya's Konza Techno: Boon or bane to Africa's tech movement?

The governments of Ghana and Kenya are committing billions of dollars to building tech capitals Hope and Konza in the hopes of positioning themselves as ICT hubs in the region.

Students attend class at the Technical College of Bangui. March 12, 2014

Seven reasons to be optimistic about Africa: Lord Michael Hastings of Scarisbrick, Global Head, Corporate Citizenship, KPMG International

When I meet young Africans who have graduated from overseas universities, I’m struck by their excitement for Africa.

Kenya's M-Pesa

Kenya's M-PESA vs. Bitcoin: Who wins?

Bitcoin has all the buzz right now. But there’s another financial innovation that could have a far more meaningful impact on the lives of billion of people without bank accounts across the world.