Tage Kene-Okafor

Tage Kene-Okafor covers startups and investment activities in Nigeria and Africa for TechCrunch. Before this, Tage reported on the same beat for Techpoint Africa.

You can hit him up at tage.techcrunch@gmail.com

The Latest from Tage Kene-Okafor

Valar Ventures leads $20M round in online brokerage platform baraka

Stock-trading apps have multiplied over the past couple of years, targeting varying demographics and audiences that they feel need to partake in investment activities to live healthier financial lives

Modus expands to sub-Saharan Africa with the launch of its AI and blockchain-focused $75M fund

New York-based venture platform Modus has launched Modus Africa, a venture capital fund for AI and blockchain startups across sub-Saharan Africa, TechCrunch has learned. The fund is expected to reach

Silkhaus gets $7.75M to digitize short-term rentals across emerging markets

Silkhaus, a Dubai-based platform for short-term rentals coming out of stealth, has raised $7.75 million in seed funding, money it plans to use for expansion across South Asia, Southeast Asia and the M

African web3 startup Nestcoin declares it held its assets in FTX, lays off employees

African web3 startup Nestcoin has laid off some employees as FTX’s demise impacted its business. This information was shared by the startup’s CEO, Yele Bademosi, who, in a tweet, said FTX&

Blnk, a fintech that provides instant consumer credit in Egypt, raises $32M in debt and equity

Credit card penetration in Egypt is low, with just over 4 million cards used in a population of more than 100 million people. As such, people in the country have little or no access to credit, given t

Kuda takes digital banking play to the UK with its remittance product

Kuda, the London-based and Nigerian-operating startup taking on incumbents in the country with a mobile-first and personalized set of banking services, is expanding to the U.K. by offering a remittanc

Jeremy Hodara and Sacha Poignonnec step down as Jumia co-CEOs

African e-commerce giant Jumia has made a change in management as co-founders Jeremy Hodara and Sacha Poignonnec step down effective today as co-CEOs, according to a statement seen by TechCrunch. The

Yassir pulls in $150M for its super app, led by Bond

Yassir, an African super app platform that offers on-demand services such as ride-hailing, food and grocery delivery, and payments, has raised $150 million in Series B funding, five times what it rais

Nigerian proptech SmallSmall raises $3M to provide flexible living solutions for customers

Inefficiencies have marred Nigeria’s rental system for years, thus affecting how landlords and renters transact. Most landlords collect rent one to two years upfront, while renters struggle to find

Money Fellows, an Egyptian fintech digitizing money circles, raises $31M funding

Egyptian fintech Money Fellows has raised $31 million in what it describes as the first close of its Series B investment. The round, which the startup expects to top up in the coming months, was led b

54gene valuation slashed by over $100M amid job cuts and CEO exit

It’s been a strange couple of months at African genomics startup 54gene. In August, it sacked 95 employees, mostly contract staff (in labs and sales departments) hired to work in 54gene’s COVID bu

Dispute between founders and board leaves Capiter in arrears to employees and creditors

54gene CEO steps down as the company looks to cut more jobs

54gene co-founder and chief executive officer Dr. Abasi Ene-Obong has stepped down from his executive role, the African genomics company confirmed to TechCrunch today. The three-year-old company has a

Nigerian president Muhammadu Buhari signs the Nigeria Start-up Act into law

Last May, the Nigerian presidency launched the Nigeria Startup Bill in collaboration with a group of Nigerian tech leaders and several government bodies to govern how startups and regulatory bodies op

Nigerian retail automation platform Bumpa raises $4M, led by Base10 Partners

Millions of small and medium businesses still operate inefficiently due to dependency on manual processes, which limits their capacity to grow and scale; this is despite contributing to about 48% of N

MaxAB, an Egyptian B2B e-commerce platform for food and grocery supplies, nabs $40M

Last year, MaxAB, the food and grocery B2B e-commerce and distribution platform serving a network of traditional retailers across Egypt and Morocco, raised its $55 million Series A in two tranches; th

Egypt’s Nexta to launch ‘next-gen banking’ app with fresh $3M

Nexta, an Egyptian startup that plans to launch its banking app in the coming months, has secured a $3 million investment from eFinance Group, a state-owned provider of digital payments solutions. Thi

Kenzz, an Egyptian e-commerce platform for the mass market, grabs $3.5M seed funding

Kenzz, an e-commerce platform bringing shopping to the mass market in Egypt and MENA, is announcing that it has raised $3.5 million in seed funding. U.S.-based and MENA-focused venture capital firm Ou

Nigerian banking-as-a-service platform Maplerad raises $6M, led by Peter Thiel’s Valar Ventures

Banking-as-a-service (BaaS) platforms have taken off rapidly across the fintech world over the last 18 months. By partnering with banks, these platforms allow entities, from startups and fintechs to b

Fast Forward Venture Studio to build African startups from idea to scale

Opeyemi Awoyemi, one of Nigeria’s well-known serial founders, is back with another outfit. It’s not a tech company this time — Awoyemi co-founded online jobs site Jobberman (which wa
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