News

Nigerian startups mobilized $73.6 million in Q2, 2018

Nigerian startups mobilized $73.6 million in Q2, 2018
  • Comments   -   Wednesday, 11 July 2018 - 15:54

(Ecofin Agency) - Between April and June this year, Nigerian startups raised a total of $73.6 million, up 800% from the $9.2 million a quarter earlier.

According to the latest techpoint.ng report, the amount was mobilized from 30 local and foreign investment firms by 41 startups. Main beneficiaries include companies that provide financial services (12), agritechs (7), startups active in governance (4) and logistics (3).

The most of the resource ($47.5 million) was of type C financing. The online payment provider Cellulant was the only beneficiary of this type of financing. Three other startups received $13.5 million in type A financing while $10.2 million was granted as donation to 10 companies.  

Chamberline Moko

African Import-Export Bank (Afreximbank) will approve $500 million in financing to Angola, Samuel...
Read more |  16 July 2018
Islamic Development Bank (IBD) committed CFA170 billion to support rice sector in...
Read more |  16 July 2018
Saudi Arabia announces it would invest $10 billion in South Africa. According to...
Read more |  13 July 2018
The Egyptian government awards German Siemens an operation and maintenance contract for...
Read more |  13 July 2018
Senegal’s civil society partnered with the national anti-graft committee (OFNAC) to organize...
Read more |  13 July 2018
The Kenyan government gave the green light to India-based Maharashtra Hybrid Seeds...
Read more |  13 July 2018
The African Development Bank (AfDB) approved July 11 an additional $10 million in...
Read more |  13 July 2018
African Import-Export Bank (Afreximbank) will approve $500 million in financing to Angola, Samuel...
Read more |  16 July 2018
Islamic Development Bank (IBD) committed CFA170 billion to support rice sector in...
Read more |  16 July 2018
Saudi Arabia announces it would invest $10 billion in South Africa. According to...
Read more |  13 July 2018
The Egyptian government awards German Siemens an operation and maintenance contract for...
Read more |  13 July 2018
Senegal’s civil society partnered with the national anti-graft committee (OFNAC) to organize...
Read more |  13 July 2018
The Kenyan government gave the green light to India-based Maharashtra Hybrid Seeds...
Read more |  13 July 2018
The African Development Bank (AfDB) approved July 11 an additional $10 million in...
Read more |  13 July 2018

Copyright Agence Ecofin © 2018. All Rights Reserved.