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Army discovers stolen 1m litres crude oil in Rivers

Navy destroys 800 illegal refineries, recovers 171,000 stolen

  • 20th June 2025

Oil prices slip as US delays decision on

  • 20th June 2025

NIBSS unveils advanced digital platform to modernise, enhance

  • 18th June 2025

PZ Cussons quits Nigeria palm oil business, sells

  • 18th June 2025

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Pope Leo XIV warns of AI risks, urges human-centered approach

Pope Leo XIV warns of AI risks, urges human-centered

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Tag: Startup

The parent company of Nigerian logistics startup Kwik has been declared bankrupt by a court in Amsterdam, following a lawsuit filed by a former employee.
News

Kwik parent company declared bankrupt in Amsterdam

The parent company of Nigerian logistics startup Kwik has been declared bankrupt by a court in Amsterdam, following a lawsuit filed by a former employee. Despite the bankruptcy ruling, Kwik’s CEO, Romain Poirot-Lellig, maintains that the company remains solvent and operational. Unlike Gokada’s high-profile Chapter 11 bankruptcy in the United States—a legal process designed to […]

Vendease CFO Mohamed Chaudry steps down amid major restructuring
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Vendease CFO Mohamed Chaudry steps down amid major restructuring

Chief Financial Officer and co-Chief Operating Officer at Vendease, the Y Combinator-backed food procurement startup serving restaurants across Africa, Mohamed Chaudry, has stepped down. His resignation comes after a period of intense restructuring within the company. Over the past few months, Vendease has undergone significant changes, including two rounds of layoffs that affected 180 employees, […]

Police arraign suspect over Bumpa co-founder Teejay Opayele's death
News

Police arraign suspect over Bumpa co-founder Teejay Opayele’s death

The Lagos State Police Command has confirmed the arraignment of Abiola Odutayo in connection with the death of Adetunji Opayele, co-founder of Bumpa, popularly known as Teejay. Opayele, 32, lost his life in a tragic road accident on March 4, 2025, an incident that has sparked widespread public concern. According to a statement released on […]

Over 20,000 sign petition seeking justice for Bumpa co-founder
News

Over 20,000 sign petition seeking justice for Bumpa co-founder

A petition demanding justice for Adetunji ‘TeeJay’ Opayele, Co-founder and Chief Technical Officer of Nigerian retail automation startup Bumpa, has garnered over 20,000 signatures on Change.org. The petition, addressed to the Lagos State Government, seeks a manslaughter charge against the driver allegedly responsible for his death. According to Techpoint Africa, Opayele died on March 5, […]

Norwegian startup begins home trials for humanoid robot
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Norwegian startup begins home trials for humanoid robot

Norwegian robotics startup 1X is set to launch early trials of its humanoid robot, Neo Gamma, in several hundred to a few thousand homes by the end of 2025, CEO Bernt Børnich confirmed. “Neo Gamma is going into homes this year,” Børnich stated in an interview at Nvidia GTC 2025. “We want early adopters to […]

News

Bumpa Co-Founder Adetunji Opayele passes away

Nigerian e-commerce startup Bumpa has announced the passing of its co-founder and Chief Technology Officer, Adetunji Opayele. Fondly known as “TeeJay,” Opayele reportedly lost his life in a car accident. Opayele co-founded Bumpa alongside Kelvin Umechukwu in 2021 with the goal of helping small and medium-sized businesses across Africa streamline their operations. The platform enables […]

Founders Factory Africa rebrands as 54 Collective vc firm
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Founders Factory Africa rebrands as 54 Collective vc firm

After four years of accelerating startups across the continent, Founders Factory Africa has rebranded as 54 Collective, a sector-agnostic venture capital firm with a $40 million fund dedicated to investing in early-stage African ventures. “Today, we are a VC firm with a $40 million fund. In addition, we have $107 million backing our venture success […]

uLesson employees accuse CEO of toxicity, verbal abuse, others
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uLesson employees accuse CEO of toxicity, verbal abuse, others

Current and ex-employees of edtech uLesson have accused the founder of the company, Sim Shagaya of fostering a toxic work environment marked by bullying, verbal abuse, micromanaging, discrimination, subjugation, and blindsiding. In a investigation released by Techpoint Africa examined the affected by the layoffs, who did not directly interact with the CEO or management. It […]

Tizeti CEO urges African startups to launch in multiple countries
News

Tizeti CEO urges African startups to launch in multiple countries

Chief Executive Officer of Tizeti, Kendall Ananyi, has emphasized the importance of African startups expanding into multiple countries to mitigate currency risks. Ananyi shared his insights through a blog post, drawing from his experience of investing in over 40 startups over the past eight years. Ananyi highlighted the challenge of skyrocketing exchange rates for African […]

Women-only ride-hailing platform HerRyde 'hibernates' after one year
News

Women-only ride-hailing platform HerRyde ‘hibernates’ after one year

After a year of operating in Nigeria’s capital city, Abuja, HerRyde, a ride-hailing platform exclusively for women, has decided to temporarily pause its services, known as “hibernation,” to refine its strategies and secure funding in preparation for an upcoming relaunch, Benjamindada reported. Motivated by a shared desire to create safer transportation options, Oluwafuyi, along with […]

API startup Thepeer shuts down, returns capital to investors
Startups

API startup Thepeer shuts down, returns capital to investors

The Nigeria-based API startup, Thepeer, which raised a $2.1 million seed round in June 2022, has announced the closure of its business and the return of its remaining capital to investors after struggling to achieve scalability, according to a statement released on Monday. The three-year-old startup acknowledged that despite its innovative technology, it faced challenges […]

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