₦76.5 trillion and counting: Inside the payment surge at GTCO and Access Holdings
Nigerians processed a record ₦79.6 trillion ($49.6 billion) through mobile phones in 2024. GTCO's HabariPay and Access' Hydrogen processed a combined ₦76.5 trillion ($47.7 billion) in transactions in 2024, a 217% increase from ₦24.1 trillion in 2023.
3 Risks African Startups Face Scaling Operations
Funding for African startups has decreased by 50% to $1.1 billion in 2024, with high borrowing costs complicating cash flow management. Twiga Foods has effectively managed cash flow by negotiating supplier terms and adopting subscription-based revenue models.
Scoop: CBN releases list of 108 IMTOs with commercial approval
The CBN has licensed 108 IMTOs, a significant increase from 15 in 2016. The renewed push by the CBN aims to boost dollar inflows into Nigeria.
Douglas Kendyson, founder of Selar, to teach founders how to bootstrap successfully at Lagos Startup Expo 2.0
Douglas Kendyson will lead a masterclass titled 'An African Founder’s Guide to Bootstrapping' at the Lagos Startup Expo 2.0. The expo will take place on June 18-19, 2025, at the Landmark Centre in Lagos.
Opera’s Stake in OPay Valued at $258M, Suggests $2.75B Valuation for African Fintech
Opera Limited's 9.4% stake in OPay is valued at $258.3 million as of December 31, 2024. OPay's overall valuation has reached approximately $2.75 billion.
