Google-Backed African Startups Make Funding Breakthroughs But Gaps Remain
African startups backed by Google for Startups' Black Founders Fund have collectively raised $266 million from venture capitalists in the last three years. The Black Founders Fund provides startups with cash awards and Google Cloud credits, along with mentorship and product support.
Huawei takes on big cloud providers with $10m credits to Nigerian startups
Huawei will grant cloud credits worth $10 million to 100 Nigerian startups to grow its cloud business. Huawei has secured major clients in the cloud computing market, including OPay, Eden Life, and Feather Africa.
The people who call the shots at Eden Life
Eden Life aims to become profitable within 12 months. The company has raised $2 million in investments.
Eden Life is staking its future on an e-commerce marketplace in crucial rejig
Eden Life is launching an e-commerce marketplace for vendors to sell products in categories such as food, medicine, beauty, and cosmetics. The marketplace will allow vendors and small businesses to sign up and sell on the platform.
