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EUROS The World Financial Report
Nº 10 Tuesday, 21 July 2026 · World Edition
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Emerging Markets

Codar raises $1.5m to expand African AI training

EUROS Newsroom · 5h ago · 1 min read · 🇳🇬 Nigeria
Codar raises $1.5m to expand African AI training

Nigerian professional training company Codar has secured $1.5 million in equity and debt to scale its artificial intelligence education programs, targeting the continent's widening digital skills shortage.

Codar, a Nigerian professional training company and portfolio venture of KWE4 Africa Venture Studio, has raised $1.5 million to fund the expansion of its artificial intelligence and broader digital skills programs. The capital injection combines both equity and debt financing.

The company currently serves more than 5,000 active learners and has reached over 70,000 students through various educational initiatives. It has built its footprint by offering practical, career-focused instruction in software development, cybersecurity, cloud computing, and data analytics at accessible price points.

The new funding will be directed toward scaling Codar’s AI education initiatives and upgrading its online learning infrastructure. The company also plans to establish additional physical learning hubs and expand scholarship access for aspiring technology professionals in underserved communities.

To increase its market reach, Codar intends to introduce multilingual learning options and internationally relevant certification pathways. The business model relies heavily on hands-on, project-based learning that requires students to build professional portfolios using industry-relevant tools.

This financing round reflects a broader movement of capital toward African edtech platforms that directly address the continent's widening digital skills shortage. As regional enterprises and global tech firms expand their African operations, the demand for AI engineering and machine learning talent is rapidly outpacing the available workforce.

Codar is positioning itself to capture this demand by strengthening collaborations with industry partners and creating clearer career pipelines into the global technology ecosystem. For investors, the commercial appeal lies in the structural nature of the talent deficit, which creates a persistent market for vocational tech training.

Founded by Sokefun David, Williams Olusegun, Oduoye John, and Asaolu Emmanuel, Codar will now look to translate its early traction into a dominant position in Africa's evolving digital economy. The company's ability to successfully place graduates in technical roles will ultimately dictate the success of this latest expansion.