Echelon Capital, a venture capital firm that targets young tech companies in Africa, announced plans to support Nigerian startups with up to $1 million by next month.
The resources will mainly focus on companies that have built their capacities and are well positioned on the market, according to Sunday Olorunsheyi (pictured), Founder of Echelon Capital. In addition to strengthening the Nigerian technological ecosystem, the project carried out by Echelon will support entrepreneurs, their teams and projects. The financial contribution will enable beneficiaries to strengthen their product and improve their strategies and revenues.
Let's note that Nigeria ranks among the top 4 largest African economies that attracted the most financing and venture capital investors in 2020, despite the health crisis. The three others are Kenya, South Africa and Egypt.
Chamberline Moko
Lebara Group is now bringing its affordable and reliable mobile services to Africa, starting with Ni...
• Maritime sector faces renewed risks amid military tensions in the Middle East• Blockade fears at S...
• Gates Foundation commits $1.6 billion over five years to Gavi.• Bill Gates warns of rising ch...
In a West African financial landscape marked by tighter regulation of the fintech sector, digital fi...
Transport and food prices have been climbing steadily across Africa in recent years. In Côte d’Ivoir...
• Mozambican government and Huawei considering the construction of a local mobile phone factory catered to rural needs • Special features for rural...
• Djibouti adopts new digital code to accelerate digital transformation, with focus on data protection, cybersecurity, and e-commerce. • The move aligns...
• Record drought tests Zambia's dependence on hydropower, impacting its vital mining industry • Adoption of dedicated solar projects, such as the recent...
• The African Development Bank (AfDB) has approved €25.5 million in funding to boost Mauritanian SMEs and stimulate inclusive growth.• Mauritania’s...
In northern Ethiopia, in the Tigray region, lies Axum (also spelled Aksum), an ancient city that once stood at the heart of one of Africa’s most powerful...
Lake Natron, located in northern Tanzania near the Kenyan border, is one of the most extraordinary and extreme lakes in Africa. Fed primarily by the Ewaso...