Check out StartMe; South Africa’s answer to Kickstarter and Indiegogo

South Africa has for a long time been a frontrunner in the Sub-Saharan Africa startup scene, pioneering business models and startups. StartMe, a website founded by  Ben Botes and Lourie Nel has launched in South Africa and aims to bring the corwdsourced funding model that has become popular in the United States to South Africa. […]

Anambra now an oil producing state

President Jonathan has formally designated Anambra State of Nigeria as an oil producing state.  This announcement was made by the President at the commissioning of Orient Petroleum’s Anambra River Production Facility in Aguleri-Otu. The state joins other oil producing states in Nigeria such as Rivers and Bayelsa State among others. At the commissioning, the President remarked: “History […]

Nigeria’s Yakubu Adesokan wins gold medal at the London Paralympic Games; breaks world record

33 year old Yakubu Adesokan twice broke his own world record this afternoon as he claimed the powerlifting gold medal at the Paralympic Games in London. Adesokan won in the men’s 48kg class breaking his countryman Ruel Ishaku’s Paralympic record of 169kg from Beijing by three kilos in his first lift. He went on to break […]

Nigerian government to launch $15 million (N2.4 billion) ICT venture capital fund

The Government of Nigeria is set to launch a $15 million venture capital fund to fund high potential businesses in the Information & Communications Technology (ICT) sector. The National Information Development Agency (NITDA) is expected to commit about $3.6 million in funding while the rest of the funds would be raised from the private sector. In […]