News
Founder Institute Announces Pacer Ventures as Residence Investor for its African Accelerators

Founder Institute (FI), the world’s largest pre-seed startup accelerator, has announced Pacer Ventures as ‘Investor in Residence’ for the Founder Institute’s African Accelerator program.
As part of the program, all startups that graduate from Founder Institute in Africa will be reviewed by Pacer Ventures for potential investment in their seed or pre-seed round of funding.
This development follows the announcement of Founder Institute as a strategic partner of Pacer Ventures for African early-stage start-ups that are solving some of the most critical problems on the continent.
Pacer VC’s purpose is aligned with FI’s mission to empower communities of talented and motivated people to build impactful, technology-enabled companies worldwide.
Ryan Micheletti, head of Global Operations for the Founder Institute, said, “FI is quickly becoming the gold standard for pre-seed acceleration in Africa.
“We are excited to strengthen our leadership position by partnering with Pacer Ventures to foster investment in FI Alumni all across the Continent.”
FI has an Alumni strength of 100+ companies tackling various challenges across the continent and this is bound to grow with FI’s expanded footprint in Africa and Pacer’s move to increase access to early-stage funding.
Gbemi Akande, Managing Partner of Pacer Ventures, sees value in formalizing the partnership with the Silicon Valley based program.
“Our partnership is in line with what Pacer VC was set up to accomplish. By partnering with Founder Institute, we at Pacer VC will accelerate our mission of supporting early stage companies. It is a win-win and we look forward to a mutually beneficial collaboration with FI.”
Pacer Ventures was one of a handful of new funds selected to pitch to a global gathering of limited partners from around the world at the VC Lab Venture Forum, which has also led to increased interest from LPs around the world.
Geoffrey Weli-Wosu, General Partner at Pacer Ventures, said, “Founder Institute stands out as one of the top pre-seed accelerators across the African continent.
“Pacer Ventures is committed to supporting startups coming out of the program who can support the transformation of the continent.”
Pacer Ventures will continue to leverage its strategic partnership with Founder Institute chapters throughout Africa to identify and recommend winning teams with scalable solutions that meet market needs.
Similarly, Pacer Ventures has partnered with techbuild.africa to provide marketing and promotional support for FI portfolio companies across Africa.
General Partner at Pacer Ventures and FI Regional Director, Chukwuemeka Fred Agbata stated, “Africa faces many challenges, but within every challenge lies opportunity and young people are leveraging technology to solve these problems across the Continent.
“It is our duty to inspire and fund the entrepreneurs who are building valuable solutions to our most pressing problems. Africa is the future, and investors and LPs are now becoming aware of this.”
News
UK–Nigeria Skills and Schools Trade Mission Concludes with Strong Foundations for Education Partnership

A high-level UK delegation has concluded a week-long skills and schools trade mission to Nigeria, marking a significant step forward in education and skills cooperation between the two countries.

Running from 19-23 April 2026 across Abuja and Lagos State, the mission brought together leading UK private schools, skills providers, and education institutions with Nigerian partners, schools, and the Honourable Minister of Education Dr Tunji Alausa.
The mission follows the high profile and well received state visit to the UK in March, which also included education engagements. Supported by the UK’s Department for Business and Trade (DBT), the mission forms part of its new International Education Strategy, under which Nigeria has been identified as one of five priority education markets, spearheaded by Professor Sir Steve Smith, who is looking forward to visiting the country again this year.
The mission focused on in-country delivery of education, the establishment of world-renowned UK schools in Nigeria, and the development of skills and Technical and Vocational Education and Training (TVET) systems aligned with industry demand.
In Abuja, the delegation met with Nigeria’s Honourable Minister of Education, Dr Tunji Alausa, securing strong political backing for UK–Nigeria education partnerships and set the groundwork for ongoing institutional collaboration across both schools and skills.
In Lagos, delegates engaged further with potential partners and investors. In both cities the delegation was thrilled to visit local British curriculum schools and colleges to further enable them to experience first-hand the teaching and learning environment.
British Deputy High Commissioner, Jonny Baxter, said: “The UK and Nigeria share a deep and longstanding relationship, and opportunities in education are one of its most exciting frontiers.
“This mission has demonstrated the strong appetite on both sides to deepen collaboration in education and skills.”
“By bringing together UK schools and skills providers with Nigerian partners and policymakers, we are laying the foundations for even more long-term partnerships that support Nigeria’s education priorities, strengthen skills aligned to industry needs, and create opportunities for sustainable, in-country delivery as well as positioning Nigeria as the regional hub for high quality education.”
DBT Head of International Education, Sarah Chidgey, said: “This mission is a perfect example of the International Education Strategy being put into action, building on multiple two-way visits and the UK and Nigeria’s warm relationship. It has been heartening to see all the progress in UK Nigeria education collaboration since my first visit to Nigeria, as part of a wider delegation, in 2022.”
DBT’s mission concluded with a strong pipeline of follow-up activity, including targeted one-to-one meetings, MoU discussions, and agreed next steps between UK and Nigerian counterparts.
News
Tinubu Seeks Senate Approval for $516m Sokoto-Badagry Highway Loan

President Bola Tinubu has requested Senate approval for a $516.3 million foreign syndicated loan to fund key sections of the Sokoto-Badagry superhighway, a cornerstone of his Renewed Hope Agenda.

Tinubu
In a letter read by Senate President Godswill Akpabio during Thursday’s plenary, Tinubu invoked Sections 16 and 21 of the Debt Management Office Act, 2011, to secure financing via Deutsche Bank AG for Sections 1, Phase 1A, and 1B. The 1,000-kilometre project will span Sokoto, Kebbi, Niger, Kwara, Oyo, Ogun, and Lagos states, linking Illela to Badagry and boosting trade, connectivity, and goods movement.
The nine-year loan, with a three-year grace period and interest at SOFR plus 5.3 per cent, includes a partial risk guarantee from the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC). The Federal Government will provide over ₦265 billion in counterpart funding for land acquisition and infrastructure.
Akpabio referred the request to the Senate Committee on Local and Foreign Debts for a one-week turnaround report. He endorsed the borrowing, stating it advances road safety and national integration.
The highway aims to cut travel times and stimulate economic corridors, with the Federal Executive Council already approving the plan.
News
Karex, World’s Top Condom Maker to Hike Prices due to Iran war

Karex, world’s largest condom maker, plans to raise prices by up to 30 percent due to supply disruptions linked to the Iran war.

This means that safe sex could get more expensive if the war continues to disrupt global supply chains, according to Goh Miah Kiat, CEO, Karex.
Kiat told old Reuters that rising freight costs and shipping delays have increased demand and forced the company to pass costs to customers.
Broader supply chain issues and higher oil prices could impact many everyday products that rely on petrochemicals.
“The situation is definitely very fragile, prices are expensive… We have no choice but to transfer the costs right now to the customers,” Goh told Reuters.
Karex joins a growing list of companies that are bracing for supply chain disruptions amid the ongoing war in Iran.
Based in Malaysia, Karex produces condoms, personal lubricants, gloves, medical catheters and probe covers.
The company manufactures male latex condoms including ONE, Trustex, Carex and Pasante, and it can produce over 5 billion condoms annually. Karex also exports to more than 130 countries, according to its website.
“We’re seeing a lot more condoms actually sitting on vessels that have not arrived at their destination but are highly required,” Goh said.
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