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A deep dive into the local ecosystem is provided by Disrupt Africa's Nigerian Startup Ecosystem Report 2022, which examines active startups, regional support systems, and investment and exit activities over the previous 7.5 years.

A business is any activity you carry out to generate profit, social good or to promote societal well-being. The structures involved in the process are what classify it as a business. NGOs are businesses because of these structures.

Given the high prevalence of youth unemployment in the nation, the government plans to use the YouStart initiative over the next three years to boost economic activity and assist the expansion and growth of Ghanaian companies.

The largest startup conference in South-South and South-East Nigeria, StartupSouth, will return for its seventh iteration on November 10 and 11 in Port Harcourt.

Through order optimisation and allocation, the Nigerian business ShapShap offers software to make last-mile delivery professions more productive, sustainable, and scalable.

The German economic development agency Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) and its Make-IT in Africa initiative have teamed up with the US-based venture capital firm 500 Global to launch the Bootcamp for Accelerator Managers (BAM) program, which will support African accelerators in their efforts to support the continent's talented entrepreneurs.

Eight African startups have been named as recipients of grants from the GSMA Innovation Fund for Climate Resilience and Adaptation, which aims to speed up the testing, adoption, and scalability of digital innovations that help the world's most vulnerable populations adapt to, anticipate, and absorb the negative impacts of climate change.

A $30 million fund has been closed by Satgana, a European venture capital (VC) company with its headquarters in Luxembourg, to support entrepreneurs that address climate change issues in Africa. The fund will accomplish this by investing up to €500K in entrepreneurs in Europe and Africa throughout their pre-seed and seed stages.

Employees of Twitter Africa working at the Ghanaian-based office felt insulted, discriminated and disrespected by the way the situation concerning their termination was handled.

Numerous African firms have folded this year due to a lack of funding to continue operations. Among these are the Kenyan companies Kune Foods and Notify Logistics, as well as the South African companies Snapt and, most recently, Nigeria's Kloud Commerce.

The biggest technology expo in the world, GITEX GLOBAL, is visiting Africa for the first time. In acknowledgment of the continent's potential for technological advancements and its rising desire for innovation, Gitex, an annual exhibition of global technology giants and start-ups in Dubai, United Arab Emirates (UAE), has announced that its inaugural edition will be held in Africa.

The Nigeria Startup Bill was signed into law last month by President Muhammadu Buhari. A year-long journey between the Nigerian government and leaders of the country's Startup ecosystem came to a conclusion in October.