News
Maad Secures $3.2 Million Funding to Revolutionize B2B E-commerce in Western Africa
Maad, a rapidly growing B2B e-commerce startup based in Senegal, has announced that it has secured $3.2 million in debt-equity funding from a consortium of investors led by prominent venture capital firms, CDC Group and Proparco, and angel investors. The funding, which was finalized on June 1, 2023, aims to support Maad’s expansion plans across Western Africa. Maad’s platform connects suppliers with businesses, offering a wide range of products, including food, beverages, personal care items, and more. Since its inception in 2020, the startup has made significant strides in Senegal and neighboring countries, with its user base growing exponentially.
The fresh funding will enable Maad to enhance its logistics and technology infra- structure, expand its product offerings, and strengthen its presence in the region. “This investment is a testament to our commitment to revolutionize the B2B e-commerce space in Western Africa,” said Amadou Ba, CEO of Maad. “We’re poised to make a significant impact on the region’s economy by empowering businesses and entrepreneurs.” Maad’s platform has already made a significant impact on the region’s economy by providing businesses with access to a wide range of products, improving supply chain efficiency, and reducing costs. With this funding, Maad plans to expand its operations to other countries in Western Africa, including Nigeria, Ghana, and Côte d’Ivoire. The funding is a significant milestone for Maad, which has been gaining traction in the region’s e-commerce landscape. “We’re thrilled to support Maad’s growth plans,” said CDC Group’s Investment Director, Fatoumata Camara. “Their innovative approach to B2B e-commerce has the potential to trans- form the way businesses operate in Western Africa.” Maad’s success has also attracted the attention of angel investors, who see huge
potential in the startup’s business model. “Maad’s platform has the potential to disrupt the traditional supply chain model in West- ern Africa,” said angel investor, Dr. Abdoulaye Djire. “I’m excited to be part of this journey.” With this funding, Maad is well-positioned to capitalize on the growing demand for e-commerce solutions in Western Africa. The startup’s expansion plans are expected to create jobs, improve economic opportunities, and contribute to the region’s economic growth. In conclusion, Maad’s $3.2 million funding is a significant milestone for the startup and the region’s e-commerce landscape. As Maad continues to innovate and expand, it’s clear that the future of B2B e-commerce in Western Africa looks bright.
2026 UTME: JAMB Calls For Calm As Exam Disruptions Persist.
As the Unified Tertiary Matriculation Examination (UTME) exercise enters day 2, the Joint Admissions and Matriculation Board (JAMB) has assured candidates whose examinations were disrupted that they would be rescheduled to write them at a later date.
Public Communication Advisor of JAMB, Dr. Fabian Benjamin stated this during the The Senate Committee on Tertiary Education monitoring of the ongoing Unified Tertiary Matriculation Examination (UTME) in Abuja on Friday.
Benjamin was responding to questions raised by disgruntled parents and candidates whose examinations were disrupted at the Good Success Computer Based Test (CBT) Center, Utako
On his part, Chairman of the Senate Committee on Tertiary Institutions and TETFund, Senator Mohammed Dandutse agreed that JAMB and CBT centers were faced with a lot of challenges but promised
to resolve them.
“From what we have seen, we have seen progress and we have seen a lot of challenges faced by the centres.
“And this one is not only in Abuja, it’s throughout the country. As a matter of fact, we sincerely appreciate what we have seen so far. Because the other issue is a technical issue, it happened yesterday and it also happened today, which was explained by the supervisor. But the truth of the matter, it has been a constraint to JAMB because these issues need to be addressed even before the exam takes place.
“As senators who are solely responsible for oversight and investigating the matters arising to this JAMB exam, I think we are going to look into how best JAMB will improve in most of the activities.
“We have already instructed them and told them to, as a matter of urgency, to take a definitive action so that the student will write the exam. And at the same time, we are going to review all the activities in JAMB so that we can make sure that these things do not happened again.
“So definitely we are going to address it and we are going to make sure that all the CBT centers are well functional and efficient. Because there is no moral justification for somebody to come from far away and will be living in trauma without writing the exam”, he said.
JAMB Spokesperson however maintained that the glitches were expected:
“Naturally, you should have one or two challenges here and there. It is not unusual and I don’t think there is anybody that will condone the exam using one thousand centers and then you expect that you won’t have any problem. But the most important thing is that if this problem do occur, are you prepared to handle them? And that is what we have just done there.
“That all those candidates will be rescheduled to another date, another center where they will sit the examination. It is natural to have a problem.
“As Nigerians, as citizens, that at least they are paying us with public funds, we are using public funds, they will expect 100%. But we know as operators that it is not easy, it is not possible for you to give 100%.
“But by the time you score 90%, at least you should have a term of. But for the candidate that have gone there, used the whole hours and sat inside the hall and then they didn’t take the exam, it is expected that they should vent their frustration. But it is natural”, he said.
Benjamin however, reassured that the Board would do the needful:
“We are assuring all Nigerians that every candidate who have registered for this exam will be given the opportunity to sit this exam. If your center fails today, you will be rescheduled again to take the exam. For any reason, even when you are rescheduled, and for any reason again, you are unable to sit the examination, you will be rescheduled again.
“That is why when we finish the exam, we have what we call the mop-up. The mop-up is to ensure that candidates whose center failed and they could not take the exam, we mop them up, give them a particular date for them to sit the examination. Because it’s a contract we have entered with them, they must sit the examination.
“But we’ll continue to do our best to ensure that we have minimal failure of these centers. And that is what we are doing. Out of 957 that we are using for this examination, I’m not sure we’ve had up to 10 or 8 centers that have failed”, he added.
Diaspora
ENTERTAINMENT – Diaspora Watch
Late Afrobeat Pioneer, Fela Earns Historic Global Recognition.
Late Afrobeat pioneer, Fela Anikulapo-Kuti, has been inducted into the prestigious Rock & Roll Hall of Fame, becoming the first Nigerian artist to receive the honor.
Naija News reports that the announcement marks another major global recognition for the iconic musician, decades after his passing.
Fela was inducted under the “Early Influence” category, alongside renowned global music figures such as Queen Latifah, Celia Cruz, MC Lyte, and Gram Parsons.
The list of inductees was unveiled in the United States during a live broadcast of the popular television show, American Idol.
Also recognized is Nigerian-born British singer, Sade Adu, who will be inducted in the “Performer” category.
She joins a lineup of global stars including Phil Collins, Billy Idol, Iron Maiden, Joy Division/New Order, Oasis, Luther Vandross, and Wu-Tang Clan.
Despite stiff competition, several high-profile nominees failed to make the final list. These include Shakira, Mariah Carey, Lauryn Hill, New Edition, and Pink.
Organizers disclosed that over 1,200 artists, historians, and music industry professionals participated in the voting process.
The induction ceremony is scheduled to take place on November 14 at the Peacock Theatre in Los Angeles.
Fela’s latest recognition comes just months after he made history in January as the first African musician to receive the Grammy Lifetime Achievement Award.
The honor, coming nearly 30 years after his death, further cements his legacy as a global music icon and pioneer of Afrobeat.
It also follows the introduction of the Best African Performance category at the Grammy Awards two years ago, reflecting growing global recognition for African music.
Diaspora
NEWS – Diaspora Watch
Rihanna to Receive Edison Achievement Award for “Reshaping the World Through Innovation”
The Edison Achievement Awards ceremony will take place in Fort Myers, Florida on April 16. However, Rihanna won’t be making the trek as she is confirmed to accept virtually.
Rihanna is being singled out for her innovative skills.
The superstar singer and entrepreneur has been selected to receive an Edison Achievement Award, an honor doled out to recognize “individuals who are reshaping industries and the world through innovation.” The award is presented each year to groundbreakers “whose extraordinary contributions transcend expectations advancing human-centered design, accelerating meaningful change and redefining what’s possible within their fields.” Winners are plucked by a steering committee that zeroes in on recipients based on biography, impact and visionary practices.
The award ceremony will take place in Fort Myers, Florida on April 16. However, Rihanna won’t be making the trek as she is confirmed to accept virtually. Also set to be honored that night will be National Basketball Association commissioner Adam Silver.
“Rihanna has consistently pushed boundaries across music, beauty, fashion and philanthropy while setting new standards for creativity, inclusivity, and global influence,” said Frank Bonafilia, Edison Awards executive director. “She embodies the spirit of Thomas Edison, by using inclusive innovation as a catalyst for progress. We are honored to recognize her with this year’s award.”
In announcing the news, the Edison team cited Rihanna’s achievements in transforming the beauty industry with the launch of Fenty Beauty, hailed for its inclusive standards with the range of products, and building on that foundation and vision with an expansion that includes Fenty Skin, Fenty Hair and Savage X Fenty fashion line. In addition to her accomplishments in music, she also founded the Clara Lionel Foundation to give back.
