Startup funding in Africa’s major tech hubs decline

Funding for Kenyan startups dropped from $47.3 million in 2015 to $10.5 million in 2016.

After a decade of optimism, buzz around Kenya’s tech potential has waned, as many startups failed to become profitable or went bankrupt.

Optimism was fueled by successes like mobile-money service M-Pesa and crowdsourced reporting and mapping platform Ushahidi, both created in Kenya a decade ago. Continue reading

My detention is scaring away investors- Dasuki

Embattled former National Security Adviser, Sambo Dasuki who is standing trial for the alleged misappropriation of $2.1 billion arms deal fund, says his continued detention despite two approved bail applications which he has fulfilled, is scaring investors from Nigeria. Dasuki said this through his counsel, Joseph Daodu (SAN), at the resumed hearing of his case before Justice Adeniyi Ademola of the Federal High Court, Abuja, on Thursday March 3rd. Continue reading