Foreign startups in Nigeria: minimum share capital and business permit requirements

Navigating the Nigerian market as a tech startup requires more than innovation and funding. It demands a solid understanding of the legal framework that shapes how businesses operate. This carousel highlights the essential legal steps every tech startup should take before launching in Nigeria. From business registration and intellectual property protection to regulatory compliance, data privacy, and investor relations, each stage is vital to building a sustainable and compliant venture. Understanding these legal requirements not only helps startups avoid penalties but also positions them for long-term growth and credibility in Nigeria’s competitive tech landscape. For a complete breakdown of legal considerations and best practices for tech startups in Nigeria, read the full article on our website: https://lnkd.in/dyEnMYqb #TechStartups #BusinessLaw #LegalCompliance #NigeriaLaw #StartupGrowth #TrustedAdvisors #Entrepreneurship #TheTrustedAdvisors

Scaling Africa | Yango Ventures has backed Zanifu, a Kenyan fintech platform specializing in working capital solutions for SMEs across Africa. Zanifu's embedded lending platform helps small businesses access funds for inventory purchases and cash flow management — critical challenges we see across African markets. With 15,000 SMEs already supported, their model proves fintech's transformative power. Beyond funding, Yango Ventures brings operational expertise from 30+ global markets to help Zanifu scale. This represents our commitment to building sustainable ecosystems that uplift entire communities through strategic partnerships. Zanifu - https://lnkd.in/dkaqarrS Yango Ventures - https://lnkd.in/d-ibVPih #YangoVentures #SME #AfricanBusiness

Report Finds Debt Financing Boosts Startup Growth A joint study by re:cap and Eqvista shows early-stage startups (especially in the $100K-$1M revenue range) that strategically deploy debt finance see valuation uplifts up to ~50% compared to peers by managing dilution, retaining more equity, and signalling financial discipline. ITEdgeNews Could this shift change how founders raise capital in Nigeria & Africa? Follow | Share | Like | Comment for IT Edge News.

Ghana’s startup ecosystem is at an inflection point. With new regulatory frameworks from the Bank of Ghana, growing global investor attention, and a vibrant pipeline of fintech and agritech startups, the opportunity to build scalable companies from Accra has never been stronger. As someone who has navigated both sides, as a founder and now as an aspiring VC, I see one gap we must close: local capital participation. While global funds are critical, Ghana’s long-term innovation economy depends on deepening local investor confidence. I believe the next decade will be defined by founders who bridge local realities with global scale, and by investors willing to back them early with conviction. What’s one lever you believe Ghana’s ecosystem should double down on to accelerate this growth? #VentureCapital #Ghana #EmergingMarkets #Entrepreneurship

Nigerian entrepreneur Tosin Eniolorunda’s Moniepoint Inc. has raised $90 million to boost its African expansion and strengthen its global fintech operations. The latest funding, an extension of its Series C round, brings Moniepoint’s total raise to $200 million, just a year after hitting a $1 billion valuation. The round was led by Development Partners International’s ADP III fund, with LeapFrog Investments as an anchor investor. Other backers include Google’s Africa Investment Fund, Visa, IFC, Proparco, Lightrock, Swedfund, and Verod Capital Management. Eniolorunda said the funds will fuel Moniepoint’s next growth phase, expanding its reach across Africa and into international markets. “Our goal remains simple: to make financial happiness and inclusion a reality for individuals and businesses across Africa,” he said. Moniepoint, which serves over 600,000 businesses and processes more than one billion transactions monthly, has also expanded its footprint in the U.K. with its MonieWorld remittance service, allowing Africans to send money home with zero transfer fees. 💬 Check the comment for the full story!

🚀𝘼𝙛𝙧𝙞𝙘𝙖 𝙎𝙩𝙖𝙧𝙩-𝙪𝙥 𝘿𝙚𝙖𝙡 𝙁𝙡𝙤𝙬 : 𝙎𝙚𝙥𝙩𝙚𝙢𝙗𝙚𝙧 𝙖𝙩 𝙖 𝙂𝙡𝙖𝙣𝙘𝙚👀 In September, 58 companies raised $140m (ex. exits) across the continent. That’s below the monthly average, yet close to Sept 2024 ($146m) and above Sept 2023 ($124m). What stands out: the number of $100k+ rounds was the 2nd highest this year (just behind July). 💪 💰 𝗖𝗮𝗽𝗶𝘁𝗮𝗹 𝗺𝗶𝘅 ✅ Equity: $105m (75%) ✅ Debt: $32m ✅ Grants: $3m 🏆   𝗧𝗼𝗽 𝟱 𝗿𝗼𝘂𝗻𝗱𝘀 (𝗮𝗹𝗹 𝗲𝗾𝘂𝗶𝘁𝘆) ✅ Kredete (fintech, Nigeria) : $22m Series A ✅ PURA Beverage Co : $15m Series B (not a start-up strictly speaking, but pursuing VC financing) ✅ Contactable (identity, South Africa) : $13.5m ✅ intella (AI, Egypt) : $12.5m Series A ✅ The Invigilator App : (education, South Africa) : $11m 🤝 𝗘𝘅𝗶𝘁𝘀 (𝟱 𝗮𝗻𝗻𝗼𝘂𝗻𝗰𝗲𝗱) ✅ South Africa: TaxTim acquired by a consortium led by Twofold Capital; Rekindle acquired EpiTek; Street Wallet acquired Digitip ✅ North Africa: CATHEDIS acquired by ORA TECHNOLOGIES (Morocco); DUAYA acquired EXMGO (Egypt) 📊 𝗤𝘂𝗮𝗿𝘁𝗲𝗿𝗹𝘆 𝘃𝗶𝗲𝘄 ✅ Q3 2025: $785m (< Q2: $963m; > Q1: $461m) ✅ A strong Q3 vs Q3 2024: $649m, 2023: $496m, 2022: $612m ✅ 2025 YTD (ex. exits): $2.2bn — just ~$40m shy of the full-year 2024 total Thanks Africa: The Big Deal for those insights ! #AfricaTech #VC #Startups #Angelinvesting #Businessangel #Data #Fintech #AI #Egypt #Nigeria #SouthAfrica #Morocco #Impact #seedfundig

FUNDING | Out of 4 Early Recipients of the $15 Million Lisk #EMpower Fund, 2 Are #African Startups Already, the fund has backed: * LovCash (South Africa) – digital supply chain platform with over 3,700 SEMES and 275% growth in 2025 so far * #Afrikabal (Africa) – agritech startup Focus of the Fund: * Support post-incubation Web3 startups with up to $250,000 in funding each * Prioritize real-world utility use cases with real adoption, not speculation * Provide hands-on support, including advisory, legal structuring, and investor readiness Learn more: https://lnkd.in/d7AwyADJ Lisk #LiskEMpowerFund #LiskIncubation #LiskAfrica #AfricaWeb3 #Web3FundingAfrica #AfricaCrypto #BlockchainUseCases #BlockchainAfrica #BuildonLisk

Africa’s startup era is here—but GRC is the unlock. Over the past decade, our ecosystem has moved from “promising frontier” to a real engine of innovation and jobs. Yet one gap still slows founders down: governance, risk, and compliance (GRC). From Nigeria to South Africa, Kenya to Egypt, we’ve tracked hundreds of journeys and the pattern is clear: startups that embed GRC early raise faster, scale steadier, and navigate regulators with confidence. In our new guide, we break down why GRC is no longer a nice-to-have but a strategic necessity for founders facing capital markets, sector rules, and rising risk. What you’ll learn: ✔️How “early GRC” de-risks fundraising and due diligence ✔️Practical frameworks to meet sector-specific regulations ✔️Lightweight ops and reporting that scale with you If you’re building in Africa, this is your edge. #AfricanTech #Startups #GRC #Governance #Compliance #RiskManagement #VC #ScaleUp #Nigeria #Kenya #SouthAfrica #Egypt https://lnkd.in/d8p5vtbu

Africa’s startup era is here—but GRC is the unlock. Over the past decade, our ecosystem has moved from “promising frontier” to a real engine of innovation and jobs. Yet one gap still slows founders down: governance, risk, and compliance (GRC). From Nigeria to South Africa, Kenya to Egypt, we’ve tracked hundreds of journeys and the pattern is clear: startups that embed GRC early raise faster, scale steadier, and navigate regulators with confidence. In our new guide, we break down why GRC is no longer a nice-to-have but a strategic necessity for founders facing capital markets, sector rules, and rising risk. What you’ll learn: ✔️How “early GRC” de-risks fundraising and due diligence ✔️Practical frameworks to meet sector-specific regulations ✔️Lightweight ops and reporting that scale with you If you’re building in Africa, this is your edge. #AfricanTech #Startups #GRC #Governance #Compliance #RiskManagement #VC #ScaleUp #Nigeria #Kenya #SouthAfrica #Egypt https://lnkd.in/d8p5vtbu

Did you know that last year, over 70% of African angel investors backed at least one startup, fueling innovation across fintech, health tech, agri tech, and more (Source: 2024 ABAN Angel Investment Survey) yet, less than 10% of African wealth currently flows into early-stage ventures? In other words, while Africa’s angels are stepping up, the real opportunity lies in mobilizing more local wealth into startups. Closing this gap could unlock billions for founders, create jobs, and strengthen Africa’s position in the global innovation economy. As we "Accelerate Local Capital Participation" and unlock global partnerships, one thing is clear: this is Africa’s decade of dealmakers. Read our latest newsletter at https://lnkd.in/dDfgyeJG for more details about how this interlinks with #ABANat10. Yemi Keri Fadilah Tchoumba