Nigerian Billionaire Commits $100 Million to African startups
Nigerian billionaire investor and philanthropist Tony Elumelu has committed $100 million to create 10,000 entrepreneurs across Africa over the next ten years, Forbes reports. "It is our opportunity to empower a generation," said Elumelu. Also read: The Bitcoin Dream Is Happening In Africa. Tony Elumelu has derived an estimated $1 billion fortune from banking, energy, investments and real estate. He said: "The opportunity and challenge in Africa is scale - in our people, our resources and our horizons. In my business and philanthropic journeys, I have always sought ways to help inspire a....
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According to an analysis of the $417.5 million that was raised by Nigerian tech startups during the first nine months of 2021, fintech firms accounted for about $379 million or 90.78% of the total. Nigerian Fintechs Dominate the African Continent Nigerian fintechs currently account for more than 90% of the $417.5 million that was raised by tech startups during the first nine months of 2021, a local report has said. While the report, which was compiled by local media outlet Punch, notes that the $417.5 million is already significantly higher than the $300 million that was raised in the....
The African fintech industry has grown rapidly over the past few years and this has caught the attention of some well-resourced venture capital (VC) firms. As one would expect, Nigerian fintech startups have dominated the continent in terms of funds raised or the number of transactions performed.
Nigeria’s Burgeoning Fintech Scene
This dominance has convinced VCs to pour tens of millions of dollars into different Nigerian fintech projects. In fact, a few fintech startups that originated in Nigeria, the continent’s most populous country, have managed to secure....
"If you've never heard of this shit, get your ass on Facebook, Twitter, Instagram right now and go search that shit," says video blogger Famos Amos in an episode released December 7th, a cloud of pot smoke flowing from his joint. His aim in the video is to enlighten fellow minorities about the future of money as he sees it, which is Bitcoin. Also read: Nigerian Billionaire Commits $100 Million to African Startups. He comically, if inaccurately, relays the famed pizza incident wherein a man in England, in exchange for 10,000 BTC, called in a pizza order for a man in Florida saying, "the....
Binance has named three former housemates from the popular Nigerian reality television show “Big Brother Naija” as the cryptocurrency exchange’s brand ambassadors for the African continent.
Bringing Crypto to the Mainstream
Leading cryptocurrency exchange Binance has said as part of its plan to increase its foothold on the African continent, it has partnered with three former Big Brother Naija housemates. The exchange said the three former housemates, Hazel Oyeze Onou, Ikechukwu Sunday Okonkwo, and Pere Egbi will help it bring crypto to the mainstream.
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The Nigerian Government had imposed a ban on crypto exactly a year ago in February 2021. The ban did nothing in terms of putting a lid on cryptocurrency trading; crypto adoption started to look promising in the African country. Stakeholder in Blockchain Technology Association of Nigeria (SIBAN), the Nigerian Blockchain Advocacy Group has now urged […]