NaijaTalkTalk- Stocks and pickles

Stocks and pickles

Nigerian school management startup, Vericampus, has raised $60,000 in funding from BPI France, a French investment bank. This is a follow-on to their acceptance into the French Tech Ticket incubator programme earlier this year. According to Disrupt Africa, Vericampus will use the money to consolidate their presence in existing markets as well as expand operations in France and francophone Africa.

 And the Nigerian government has finally presented grants worth N756 million to 81 young innovators who participated in the Aso Villa Demo Day (AVDD) event last year. Better late than never, right?

 The London Stock Exchange has released its inaugural Companies to Inspire Africa 2017 report and it’s well worth a read. The report covers 42 African countries profiling the most inspiring and dynamic private, high-growth companies on the continent. There are, of course, the usual culprits – Jumia, Interswitch, ACE, M-Kopa, etc but also some interesting ones like Java House, Kiboko, Zoona, Kitea and many others.

+ It was interesting to see that Cameroon led the way in Central Africa, hosting eight of the 16 companies profiled in the region. It’s not hard to imagine what the 2-month internet shutdown in parts of the country must have done to their bottom line right now.