Of the $15 billion startup investment flow to Africa since 2019, Nigeria got received close to 30 per cent, which amounted to $4.4 billion.
Africa: The Big Deal, a report made available to The Guardian yesterday, noted that the most striking was the relative weight of the big four countries, which was 84 per cent of the entire start-up funding.
The funding, however, went south in 2023 with Kenya getting $800 million; Egypt, $640 million; South Africa, $600 million and Nigeria receiving $410 million. The report further informed that most of the other markets where start-ups have raised over $100 million since 2019 – except DRC – are in East and North Africa . It said in the latter, there are however, strong discrepancies between the three markets: in Algeria, only a couple of start-ups have disclosed funding over $1 million in the period, with Yassir alone claiming 98 per cent of the total amount.
The Nigerian Maritime Administration and Safety Agency has launched the reviewed minimum wage document for Nigerian Seafarers, developed in line with the provisions of the Maritime Labour Convention 2006.
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