Nigerian fintech startup Moniepoint has acquired Orda Africa, a cloud-based restaurant management platform operating in Nigeria, according to a press release. Orda will join Moniepoint’s digital ecosystem, which includes payments, credit, and bookkeeping, enabling the company to help restaurants track and manage orders. Orda operates in Nigeria and Kenya, but the acquisition will only cover its operations in Nigeria. “Nigeria’s food service industry is one of the fastest-growing sectors in the country. Millions of Nigerians depend on it for their livelihoods, and millions more rely on it daily to feed,”
Nigeria’s federal government launched the iDice Startup Bridge, a two-track program giving idea-stage founders grants of up to ₦10 million ($7,215) and equity investment of $100,000 for post-MVP startups, according to Techcabal. The initiative will be executed by the Bank of Industry, with financial support from the African Development Bank, the Agence Française de Développement, and the Islamic Development Bank. iDice will be part of the wider Investment in Digital and Creative Enterprises (iDICE) program, a federal initiative aligned with Nigeria’s digital economy agenda. “Founders Lab is a bridge that
Terra Industries, a Nigeria-based defense technology company, raised an $11.75 million in funding led by Joe Lonsdale’s 8VC [Lonsdale is also co-founder of companies including Palantir Technologies, Addepar, and OpenGov], as it emerged from stealth, according to TechCrunch. The round included Valor Equity Partners, Lux Capital, SV Angel, and Nova Global. Terra previously raised an $800,000 pre-seed round. The company said African investors in the round included Tofino Capital, Kaleo Ventures, and DFS Lab. Terra, founded by CEO Nathan Nwachuku, 22, and CTO Maxwell Maduka, 24, builds autonomous systems to
The Nigerian government is working with Google and Apolitical, a global learning platform for government innovation, to launch a training initiative for public servants. The initiative, called the AI Government Campus, will be implemented through the Apolitical Government AI Campus. It aims to train thousands of public servants and government leaders to understand and apply artificial intelligence in public administration effectively, as reported by Techpoint Africa. The initiative is a joint effort between Google, the Federal Ministry of Communications and Digital Economy (FMCIDE), and Apolitical. “We see artificial intelligence as
Nigerian men are using AI to create fake nude images of women, according to Gst. On X, Nigerian men are using AI to create fake photos of women; some users are tagging Grok and commenting “remove her clothes” under women’s photos. After a few minutes, the manipulated images are posted under the original user’s post. These flagged images are rarely removed, allowing women to be digitally assaulted without any repercussions. Nigerian men digitally altering women’s pictures 58% of Nigerian women say they’ve faced online abuse, according to The State of Online
Meta and the Nigerian government have reached an out-of-court settlement to resolve a $32.8 million fine issued by the Nigerian Data Protection Commission (NDPC). In February, the NDPC issued the fine, stating that Meta had violated Nigeria’s Data Protection Act by practicing behavioral advertising on Facebook and Instagram, according to Techpoint Africa. The regulator claimed that Meta failed to obtain the explicit consent of Nigerian users before transferring their data out of the country. NDPC settling a $32.8 million fine On Friday, October 3, Fred Onwuobia, Meta’s lawyer, shared that
Kai Cenat recently confirmed plans for his Nigerian school after months of speculation and criticism from fans. In 2024, the streamer visited the Makoko Children Development Foundation School and Orphanage in Lagos, where he saw the dire conditions of the students and staff. After seeing the school’s sinking building, limited space, and the struggle to provide a learning environment for its 385 students, Cenat wanted to help. Cenat announced plans to construct a new school in the Makoko community. In the announcement, he asked people living in Nigeria or on the African
Alami Capital, the National Information Technology Development Agency (NITDA), and the Securities and Exchange Commission (SEC) are collaborating to launch the LaunchPad at GITEX Nigeria 2025, a pioneering investment and venture-building platform designed to scale Africa’s most promising women-led startups. Women in Africa own 27% of businesses and contribute 13% of GDP, and yet they only receive 7% of total venture capital. The LaunchPad will tackle the under-capitalization of women-owned startups. After GITEX Nigeria, The LaunchPad will give $250,000 in catalytic capital to 5 selected ventures, along with mentorship and
Mastercard released a whitepaper highlighting Africa’s readiness, opportunity, and roadmap for responsible artificial intelligence (AI) adoption. Harnessing the transformative power of AI in Africa shares insights into how AI can unlock significant outcomes across the continent’s major industries, including agriculture, healthcare, education, energy, and finance. The whitepaper also details the potential positive impact of AI on digital infrastructure, policy and governance, research and development, local language processing, and investment into Africa. Additionally, it examined how AI can create more jobs, with up to 230 million digital jobs projected by 2030 on
Chowdeck, a food delivery startup based in Lagos, has raised $9 million in Series A funding. The equity round was led by Novastar Ventures, with participation from Y Combinator, AAIC Investment, Rebel Fund, GFR Fund, Kaleo, HoaQ, and others. The fund will help the company expand in more cities in Nigeria and Ghana and roll out a quick commerce strategy aimed at speeding up grocery and local market deliveries, according to Business Insider Africa. “We’re thrilled about this round as it brings us closer to our vision of becoming Africa’s
