New Partner Joins the LCM Team

July 12, 2019

LCM is pleased to announce that Seye Bassir, formerly Investment Director at Danish Development Finance money manager IFU, is joining LoftyInc Capital Management as Partner and member of the Investment Committee. Seye brings with him years of practical fund management experience, not just in Nigeria but across West Africa. As LCM positions to harvest the ballooning opportunity in the ECOWAS sub-region, his bilingual skills will also come in handy even as he shares some insights why he made the move.
RelianceHMO opens Family Clinic for Clients

RelianceHMO has launched its first low cost primary care clinic branded Reliance Family Clinics (RFC) for its customers. The primary healthcare centre which is situated in in Gbagada, Lagos will leverage on best practices to offer primary care in a cost efficient manner to subscribers on its platform.
Flutterwave spreads market footprint, debuts in S/Africa

Nigerian payment startup, Flutterwave has expanded its services to South Africa – it’s ninth destination on the continent. According to the payment platform, it will penetrate South Africa with its flagship product Rave. The new solution will enable banks and merchants to replace multiple payment integrations with one simple API, which enables processing of any form of payment anywhere in Africa.
Michael Oluwagbemi, Co-Founder; Seye Bassir, Partner and Idris Bello, Co-Founder all of LoftyInc Capital Management (LCM) after a brief meeting in Abuja, Nigeria.
R-L :
Michael  Oluwagbemi, Co-founder, LCM and other panelists after a Panel session at the 7th Digital Africa Conference and Exhibition recently held in Abuja.
Egypt’s Swvl set to debut in Lagos competitive Transport Market
Cairo-based transportation startup, Swvl has revealed plans to expand its services to Nigeria. The Egyptian startup will launch in Nigeria’s financial capital – Lagos with 50 buses, this July.

The Nigeria Innovation Summit

The Nigeria Innovation Summit is an annual event that promotes the need for entrepreneurs and government in Nigeria to become more innovative and use innovation to drive sustainable economic development. The event will hold between August 20th – 21st, 2019 at Sheraton Hotels, Ikeja Lagos.
Register Here to attend the Summit
The ANDE  West Africa  Regional Conference
The ANDE  West Africa  Regional Conference is a gathering of ANDE members and partners in the region including leading investors, capacity development providers, foundations and academic and research institutions.

Our Venture Capital Associate, Kyane Kassiri will be on the panel discussing; “Combining Business Development and financing for early stage SGBs.”
Register Here to attend the Conference


Concerned by the inability of some Entrepreneurs to set feasible business goals, WeHub and Insite Consult recently organized a ‘Goal Setting’ workshop for Entrepreneurs in the Federal Capital Territory, Abuja and its environs.

Participants at the Workshop unanimously agreed that while setting goals was the first step to turning something invisible (ideas) into the visible (tangible gains), it is imperative for business owners to also ensure they implement strategies that will enable them to meet their set target at all times.

Speaking during the ‘Visioning for Success’ session, Mrs. Louisa Ogwuru, CEO of Insite Consults explained that beyond setting goals, it’s important for every Entrepreneur to have a vision that guides them in reaching their goals.


To ensure upcoming Entrepreneurs gain traction in the marketplace and also increase sales in their respective sectors, Doyin Adewola, CEO, Box office Hub has exposed Entrepreneurs to several customer management skills and principles crucial to the growth of their brand.

Adewola who spoke to startups currently under Wennovation/Next Economy incubation program during the recent edition of the Startup Hangout, Abuja noted that handling people/customers can be a very daunting task as they have tendencies to be extremely difficult and demanding.

However, according to him, Entrepreneurs should not wish customers away, rather they should be more concerned in finding out why a customer is aggrieved and try to solve their problem and possibly charge them more for providing solutions to their challenges.

Techpreneurs have identified new ways to navigate through challenges peculiar to Nigeria’s dynamic business environment. These new strategies emanated from shared experiences and peep talks during a recent Roundtable Discussion hosted at Wennovation Hub, Abuja.

The event which was themed, ‘Challenges and Drawbacks of doing Business in Nigeria’, provided a platform for business owners to discuss the numerous potholes they have to evade on their individual entrepreneurial journey.

The session featured Aurelija Urbonaviciu, CEO and Co-founder of Tipi as the main speaker.