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Nigeria

Uber Technologies Inc. is set to invest in Nigerian startup Moove in a funding round that could reach up to $100 million, Bloomberg reports. Moove Founded in Lagos in 2020 by British-born Nigerian entrepreneurs Ladi Delano and Jide Odunsi, Moove has expanded its reach beyond its origins. The duo’s aim is to build the world’s largest integrated vehicle financing platform for mobility entrepreneurs. With its headquarters in Amsterdam, the company now operates across Africa, the UK, the UAE, and India.  Moove’s innovative business model revolves around a unique credit-scoring system,

Renowned Haitian rapper and investor Wyclef Jean has partnered with Caribbean International Commerce (CICH) to establish a technology and infrastructure hub in Nigeria. The initiative is set to catalyze economic empowerment, sustainability, and technological innovation in the North of Nigeria. The Partnership This partnership aims to create a symphony of innovation, combining state-of-the-art music and movie studios with a commitment to eco-friendly practices and equitable wealth distribution in commodity markets.  After securing over 4,000 hectares in Plateau State for the development of this hub, Jean and CICH aim to have

The Rector Cares Foundation has launched Nkuzi STEM, a pioneering program creating pathways for young people across Nigeria aged 15-20 to pursue careers in Science, Technology, Engineering, and Mathematics (STEM). “The lack of diversity in technology not only limits the industry’s potential but also perpetuates inequality,”  said Rector Cares Foundations founder Onyedikachi Erete. “Nkuzi STEM seeks to break down those barriers and create a tech landscape that reflects the richness of our society.” Improving lives for Nigerians The Rector Cares Foundation, a non-governmental organization focused on empowering communities in Nigeria with

Blockchain research and development lab Polytope Labs aims to transform Africans from consumers to creators in the blockchain space.  Founded by Nigerian engineers Seun Lanlege and David Salami, Polytope Labs’ first product is Hyperbridge, a cross-chain protocol designed to facilitate secure communication between blockchains. Africa’s Crypto Adoption and Consumption African countries have some of the highest rates of grassroots crypto adoption among everyday people. However, the continent has mostly been a consumer rather than a builder of blockchain technology.  Lanlege drew on his experience of helping to build the Ethereum and Polkadot networks to establish Polytope Labs with David

Nigerian venture capital firm Aduna Capital has announced the launch of a $20 million fund to invest in Northern Nigeria startups and Africa. Aduna Capital Aduna Capital is a registered investment advisor startup with a new wealth management advisor experience. The firm provides investment management services where clients can utilize discretion in managing their accounts. This includes advice with various asset classes, including equity, mutual funds, exchange-traded funds, fixed-income instruments, and options. Specifically, the client grants the firm full power to direct, manage, and change the investment and reinvestment of

Shekel Mobility, a B2B marketplace and management system for auto dealers, has secured over $7 million in funding, comprising $3.2 million in equity and over $4 million in debt. Small and medium-scale dealerships comprise nearly 82% of the African car dealership market, according to Benjamindada.com. Many of these dealers struggle with offering affordable prices for used cars due to insufficient financing options. In most sub-Saharan Africa, the figure for automotive transactions is less than 2%. Shekel Mobility aims to change that. Shekel Mobility Shekel Mobility empowers auto dealerships to realize

Archivi.ng is giving old newspapers in Nigeria a digital home as it recaptures 18,627 days of lost Nigerian news. Archivi.ng Archivi.ng began its mission to recapture lost Nigerian history by digitizing old newspapers and making them accessible to everyone online in December 2020. Project leader Fu’ad Lawal told Rest of World that his biggest motivation came from life in the newsroom as a journalist, as he found it frustrating to write about a particular place but not find any information online. He and a group of friends, as a weekend

Nigeria’s Federal Ministry of Communications, Innovation, and Digital Economy (FMoCDE) has announced a three-year partnership with IHS Nigeria to empower Nigerians with critical digital skills. IHS Nigeria is one of the world’s largest independent owners, operators, and developers of shared communications infrastructure. The partnership supports the recently launched 3 Million Technical Talent (3MTT) initiative to train three million Nigerians with technical skills in four years. The Partnership The three-year partnership aims to establish the 3MTT Learning Community and facilitate the setting up of learning communities in Nigeria’s 36 states and

Editi Effiòng’s Nollywood action-thriller, The Black Book, has claimed the top spot worldwide on Netflix after leaders in Nigeria’s fintech startup space came together to fund the film. The Black Book The Black Book claimed the top spot worldwide just five days after its debut on Netflix, also making it the first ever number-one African film on Netflix. Vanguard reported that from September 18 to 24, the film accumulated 5.6 million views and 11.6 million watch hours. The movie, which traces the story of a mourning father seeking justice following

Sam Altman, co-founder and CEO of OpenAI, recently visited Lagos, Nigeria, as part of his global tour to promote AI adoption and understand diverse perspectives. However, concerns have been raised about the exploitation of Kenyan content moderators and the impact of OpenAI’s technology on marginalized communities. Nigeria: Africa’s biggest OpenAI adopter Over the weekend, Altman took part in a two-day exclusive event at Muson Centre, Lagos, Nigeria. “Nigeria, among all of the countries on the continent, I believe has been the biggest adopter of our technologies,” Technext reports Altman told

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