Connect with us

Tech

Nigerian tech start-up, Stears, closes $3.3 million seed

Published

on

Nigerian tech start-up, Stears, which is a data and insights company has closed a seed round of $3.3 million.

The company announced the raise on Tuesday in a seed round backed by Serena Williams‘ investment company, Serena Ventures.

Stears revealed that other funding contributors were MaC Venture Capital, Melo 7 Tech Partners, Omidyar Group’s Luminate Fund, Cascador, and Hoaq Club.

Stears CEO, Preston Ideh, said: “We know global professionals need our data and insight because banks, research firms, development organizations, and investors are already using our early products. Our customers tell us we are building a ‘systemically important’ company to address Africa’s data problem.”

“Globally, information providers like Bloomberg and Thomson Reuters have built data powerhouses, which act as information gateways to Western markets. We are executing an African version of this model, focused on the often missing, outdated, or poorly digitized African datasets needed by operators, finance and policy professionals, researchers, and even regulators,” he added.

Michael Famoroti, Bode Ogunlana, Abdul Abdulrahim, and Preston Ideh founded Stears in 2017 to solve Nigeria’s lack of information and data-driven insights.

The company also plans to use the funding to hire data scientists, data analysts, and sector analysts.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Tech

Ghana partners with The Gambia to provide free roaming services

Published

on

Ghana and The Gambia are in the process of launching free roaming services that will enhance a West African connectivity.

The plan which is a joint initiative of the Ghana Ministry of Communications and Digitalisation and The Gambian National Communications Authority (NCA) will see mobile users in both countries avoiding extra charges for calls, texts, and data, which in turn, is expected to boost trade, tourism, and economic integration across borders.

The collaboration, according to a joint statement by the two bodies, aligns with the Economic Community of West African States’ (ECOWAS) broader push for seamless regional communication.

“Ghana and The Gambia are forging new paths in West Africa’s digital landscape, implementing a free-roaming initiative,” the statement said.

“This move strengthens regional connectivity while highlighting the role of technological collaboration in fostering economic integration. The initiative enables mobile users travelling between the two nations to make calls, send messages, and use data services without additional roaming fees.”

It further noted that by reducing these costs, the program aligns with the ECOWAS Free Roaming Initiative, which seeks to eliminate barriers to communication across member states.

“It is a boost for trade and travel as the free roaming plan is expected to spur economic activities by streamlining cross-border communication.

“Businesses and individuals travelling between Ghana and The Gambia can now stay connected without worrying about exorbitant charges, facilitating smoother transactions and personal interactions. The initiative is also expected to attract more tourists by ensuring seamless digital access for visitors.

“This collaboration marks another milestone in Ghana’s commitment to expanding digital connectivity, following Ghana’s successful implementation of similar agreements with Côte d’Ivoire, Togo, and Benin, with talks of possible roaming partnerships with Liberia.

“By focusing on digital integration, Ghana and The Gambia demonstrate the power of technology to bridge gaps between countries. This step also serves as a model for other West African nations to join the free-roaming framework, contributing to the larger goal of a connected and economically integrated region,” it added.

Continue Reading

Tech

Tanzania to host 6th Ocean Innovation Africa summit in February

Published

on

Dar es Salaam, Tanzania, has been selected to host the sixth edition of the Ocean Innovation Africa (OIA) summit from February 24-28, 2025, as a flagship event within Regenerative Ocean Week.

The Ocean Innovation Africa is set to be Africa’s most significant platform for Ocean Innovation conservation, and sustainable development in the blue economy. OIA2025 will be co-organised with leading partners, including IUCN, GIZ, OceanHub Africa, Catalyze and the Ocean-Climate Platform.

With the theme, “Science-to-Solution”, the Regenerative Ocean Week will present a line-up of sessions designed to bridge the gap between scientific research, business innovation, policy, and community engagement.

According to the organizers of the event, it will bring together African ocean innovators, investors, researchers, policymakers, and community leaders to explore practical solutions that can be applied across the continent.

“These include the OIA Pitch Competition, which is a platform for Africa-based startups and entrepreneurs to showcase breakthrough ideas in ocean-impact solutions, allowing them to connect with investors and industry leaders and emphasizing Africa’s role in driving sustainable ocean initiatives,” the organizers said in a statement.

Continue Reading

EDITOR’S PICK

Musings From Abroad5 minutes ago

China’s Xi meets with Morocco’s Crown Prince

Morocco’s official media reports that Chinese President, Xi Jinping, visited Morocco briefly on Thursday. According to Morocco’s MAP, Crown Prince...

Metro7 minutes ago

65% of Nigerian households lack money for healthy food—Survey

A survey conducted by the National Bureau of Statistics (NBS) has revealed that around 65% of Nigerian households, which is...

Tech17 hours ago

Ghana partners with The Gambia to provide free roaming services

Ghana and The Gambia are in the process of launching free roaming services that will enhance a West African connectivity....

Metro17 hours ago

Zambia: APP leader lampoons PF over pledge to reverse forfeited properties

Leader of one of Zambia’s opposition parties, Advocates for People’s Prosperity (APP), Mwenye Musenge, has criticised the Patriotic Front (PF)...

Sports17 hours ago

Ghanaian winger Fatawu out for season with ACL injury

Ghana and Leicester City winger, Abdul Fatawu, has been ruled out of the rest of the EPL season after suffering...

Culture17 hours ago

DRC authorities arrest six over break-in at Lumumba’s Mausoleum

Police in the Democratic Republic of Congo (DRC) say six people have been arrested over a break-in and vandalism at...

Musings From Abroad21 hours ago

Finnish court imprisons Nigeria’s Simon Ekpa for aiding terrorism

  Simon Ekpa, a Nigerian separatist leader based abroad, has been placed under detention by the Päijät Häme District Court...

Metro23 hours ago

Nigerian Senate confirms influx of terrorists from Mali, Burkina Faso into the country 

The Nigerian Senate has raised the alarm over the influx of terrorists from Mali and Burkina Faso who operate in...

Tech2 days ago

Tanzania to host 6th Ocean Innovation Africa summit in February

Dar es Salaam, Tanzania, has been selected to host the sixth edition of the Ocean Innovation Africa (OIA) summit from...

Culture2 days ago

Miss SA opens up on why she withdrew from Miss Universe pageant

Reigning Miss South Africa 2024, Mia le Roux, has opened up on the reasons behind her withdrawal from the Miss...

Trending