- After spending ten years traveling across developing countries in both Asia and Africa, Axel Peyriere, the CEO of Auto24—a used car marketplace—began investing in African startups as an angel investor in 2011. In the fourteen years since he started writing cheques for startups on the continent, he…
- Glynn Capital, Flourish Ventures, and Norrsken22 participated in the round, joining existing investors Ribbit Capital, PayPal Ventures, The Raba Partnership, and Firstminute Capital. Stitch made its public debut in February 2021 and has since raised a total of $107 million in funding. The company’s…
- The National Communications Authority (NCA) of Somalia has officially approved Starlink’s operational license, allowing the company to commence services in the country. This announcement was made during an official ceremony held in Mogadishu, which saw the presence of both Starlink representatives…
- Zimbabwe’s telecommunications regulator, the Post and Telecommunications Regulatory Authority of Zimbabwe (POTRAZ), is advocating for a new law that would mandate the registration of every mobile phone in the country—not just SIM cards. The aim is to gather and store each device’s unique identifier…
- PayPal, a global leader in digital payments and commerce, has announced a strategic collaboration with TerraPay, a worldwide money movement company, to facilitate real-time fund transfers for PayPal users across the Middle East and Africa. This partnership is designed to promote economic…
- Equinix, a leading global data center provider and the company behind the acquisition of Nigeria’s MainOne, has announced plans to invest $140 million in expanding digital infrastructure across southern Nigeria over the next two years. According to a blog post shared with TechCabal, this investment…
- South Africa boasts a highly diverse economy, supported by a well-educated workforce and a strong culture of entrepreneurship. Its dynamic market, economic variety, global connectivity, and favorable legal environment contribute to its growing appeal among startups. The country’s digital economy is…
- Explore how women leaders in Africa are transforming the tech landscape by driving inclusive policies and overcoming unique challenges.
The post Impact of Women Leaders on African Tech Ecosystem appeared first on Tech In Africa.
- Mobile money is revolutionizing e-commerce by enhancing payment speed, security, and accessibility for businesses and consumers alike.
The post How Mobile Money Boosts E-Commerce Growth appeared first on Tech In Africa.
- Mobile money is revolutionizing African marketplaces, enhancing financial inclusion and simplifying e-commerce transactions across the continent.
The post Future of Mobile Money in African Marketplaces appeared first on Tech In Africa.
- Explore how African countries are leveraging public-private partnerships to enhance rural internet access and empower local communities.
The post Top 7 African Countries Using Partnerships for Rural Internet appeared first on Tech In Africa.
- Explore how innovative African startups are leveraging AI and real-time monitoring to combat payment fraud and enhance digital transaction security.
The post Top 6 African Startups Fighting Payment Fraud appeared first on Tech In Africa.
- Explore the top security risks in mobile money for e-commerce, from identity theft to legal gaps, and learn how to protect your transactions.
The post Top 7 Security Risks in Mobile Money for E-Commerce appeared first on Tech In Africa.
- Explore how Uganda's labor laws impact startup hiring, compliance costs, and growth strategies, highlighting challenges and potential solutions.
The post Study: Impact of Uganda Labor Laws on Startups appeared first on Tech In Africa.
- Understand Uganda's employment laws to protect workers' rights and ensure business compliance, covering contracts, safety, and permits.
The post Ultimate Guide to Uganda Employment Compliance appeared first on Tech In Africa.
- Explore Nigeria's vibrant startup ecosystem and the key investors driving innovation and funding in various sectors.
The post 10 Top Investors in Startups in Nigeria appeared first on Tech In Africa.
- Explore the dynamic startup ecosystem in Kenya, highlighting top investors and their contributions to innovation and growth across various sectors.
The post 10 Top Investors in Startups in Kenya appeared first on Tech In Africa.
- Kenya’s BPO market is experiencing substantial growth, with revenues expected to hit US $272.10 million in 2025, reflecting an annual growth rate of 5.96%. This trend is set to result in a projected market volume of US $343.00 million by 2029. The Kenyan government is also working to create 1…
- As expected, the performance in March significantly impacted the overall numbers. In total, start-ups raised $460m in Q1 through $100k+ deals (excluding exits), which is only slightly below the Q1 2024 total of $486m, reflecting a 5% YoY decrease. However, it’s important to note that Q1 2024 itself…
- Just months ago, Lipa Later, a Kenyan buy-now-pay-later (BNPL) fintech, was celebrating a significant $10 million debt and equity injection, aimed at supporting its ambitious expansion plans across Africa. Today, the digital consumer credit provider is under the control of an administrator, marking…
- Africa’s startup ecosystem is full of innovation, yet many promising ventures fail before realizing their full potential. The 2024 Startup Graveyard Report highlights that 58 percent of startups fail due to financial difficulties, 27 percent due to operational issues, and 17 percent due to…
- Zambian AI communications startup, Caantin, aims to reduce the cost of phone calls for businesses by using AI voice agents capable of handling conversations at scale. Communication is essential for many businesses. From fintechs encouraging users to complete signups or repay loans to FMCG brands…
- Safaricom, in partnership with M-PESA Africa and Sumitomo Corporation, has announced the launch of applications for the second phase of the Spark Accelerator. This program is designed to assist early-stage startups in Kenya by offering resources, mentorship, and access to markets and funding. The…
- Sumet Technologies, a Tanzanian startup dedicated to transforming the distribution of fast-moving consumer goods (FMCG) across Africa, has secured US$1.5 million in a pre-seed funding round. The investment, which combines equity and debt financing, will support the company’s efforts to enhance its…
- Last year, funding for African startups surpassed $2 billion, returning to pre-pandemic levels and presenting a mixed outcome as expected. Signs indicate that 2025 will follow the cautious trends seen over the past two years. A significant drop in mega-deals, reflecting the global venture capital…
- Alitheia Capital and Goodwell Investments have successfully exited their investment in Baobab Nigeria, marking the first exit from their joint uMunthu Fund. Baobab Nigeria, a financial institution focused on delivering inclusive banking services to individuals and MSMEs in underserved areas of sub-…
- Rivy, an AI-powered lender focused on Africa’s renewable energy sector, has announced its rebrand from Payhippo, alongside the successful closing of a US$4 million pre-Series A funding round. The round includes US$2 million in debt and US$2 million in equity, with support from Africa-focused…
- A petition seeking justice for the tragic death of Adetunji ‘TeeJay’ Opayele, the Co-founder and Chief Technical Officer (CTO) of Nigerian retail automation startup Bumpa, has gained over 20,000 signatures on Change.org. The petition, directed at the Lagos State Government, was initiated by the ‘…
- Mediterrania Capital IV (MC IV), a private equity fund focused on North and West Africa, has secured additional support from the German development finance institution DEG, which has increased its investment by EUR 15 million (USD 16.2 million). This new capital boost brings DEG’s total…
- AltSchool, a Nigerian edtech startup, has unveiled a new initiative aimed at providing Africans with access to AI education. Named “AI for 10M Africans,” the program is designed to assist individuals at every stage of learning how to harness the power of AI. During a media briefing, Adewale Yusuf…
- Tunisia is seeking to suspend Bolt, one of the country’s leading ride-hailing services, following allegations of tax evasion, money laundering, and operating without the necessary licenses. According to a statement from the transport ministry, authorities have seized 12 million dinars ($3.8 million…
- Explore the top investors shaping Egypt's startup landscape, driving innovation across fintech, e-commerce, and more.
The post 10 Top Investors in Startups in Egypt appeared first on Tech In Africa.
- Axel Peyriere, Co-Founder and CEO of AUTO24.africa, said; “Africa is ready for electric vehicles, and EV24.africa is committed to making this transition smooth and accessible. Our goal is to provide a reliable, transparent, and competitive marketplace for EV buyers across the continent. …
- Enza, an embedded payment startup based in Dubai and founded by former Network International executives, has raised $6.75 million in seed equity funding. The round was co-led by Algebra Ventures and Quona Capital. Founded in 2023, Enza’s payment solutions enable banks and fintechs to offer locally…
- Nigeria has recorded the sharpest drop in cash usage worldwide, driven by the rapid growth of digital payments and fintech innovations, according to a new report from Worldpay. Between 2014 and 2024, cash transactions in Nigeria fell by 59%, marking the largest decline among seven major economies…
- Starting a business in Africa comes with significant challenges. Although the continent is filled with entrepreneurial energy, the reality is that more than half of startups don’t survive the early years. Statista data from 2020 reveals that 54% of African startups failed, with countries like…
- Moneda Invest Africa has joined forces with meCash to transform Africa’s financial landscape, focusing on payments and credit accessibility. The official announcement of this strategic partnership, along with the unveiling of the “Musa” app, took place during the Moneda Experience event held on…
- AFRICA LEADS GLOBAL ECONOMIC GROWTH IN 2025! Africa dominates the world’s fastest-growing economies with 12 nations in the top 20! Top African Performers: South Sudan: 27.2% Libya: 13.7% Senegal: 9.3% Sudan: 8.3% Uganda: 7.5% Niger: 7.3% Zambia: 6.6% Benin: 6.5% Ethiopia: 6.5% Rwanda: 6.5% Côte d’…
- Explore the top investors shaping South Africa's vibrant startup ecosystem, driving innovation in fintech, healthtech, and more.
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- Australian startup PropertyRender is making significant inroads, transforming how property developers in countries like Zimbabwe and South Africa maximize their sales and accelerate their sales cycles” Africa’s real estate sector is undergoing significant transformation, driven by rapid…
- Yango Group, a global technology company based in Dubai, has launched a $20 million corporate venture fund aimed at early-stage startups in the Middle East, North Africa, and Pakistan (MENAP), Sub-Saharan Africa, and Latin America, Arabian Business can exclusively reveal. The newly established fund…
- Explore the top 10 innovative startups in South Africa for 2025, driving change in agriculture, health, fintech, and sustainability.
The post 10 Startups to Watch in 2025 in South Africa appeared first on Tech In Africa.
- Airtel Africa has introduced an artificial intelligence (AI)-powered spam alert service in Nigeria, designed to protect subscribers from the increasing issue of spam messages and SMS fraud. This innovative service is automatically activated for all Airtel customers, with no need for additional app…
- African startups face more stringent investment scrutiny compared to their global counterparts, with investors requiring greater proof of traction, performing more thorough financial audits, and often overestimating the risks associated with the region. Angel investors point to Silicon Valley in…
- Kenyan re-commerce startup Badili has secured a US$400,000 debt facility from French development organization Proparco to bolster its refurbished electronics initiative. Established in 2021, Badili operates in Kenya, Tanzania, and Uganda, focusing on the aggregation, repair, and resale of used or…
- Saad Kassis-Mohamed has been honored as a Forbes 30 Under 30 recipient in the Social Impact category, recognizing his transformative work in sustainable finance, ethical business practices, and global philanthropy. This prestigious accolade celebrates his commitment to leveraging finance as a tool…
- LoftyInc Capital Management , a leading pan-African venture capital firm, has announced the first close of its LoftyInc Alpha Fund, securing $43 million. This late-seed investment fund is dedicated to fostering the growth of Africa’s emerging tech startups, with a primary focus on key markets such…
- South African agri-tech startup Khula has successfully secured ZAR126 million (approximately US$6.8 million) in the initial phase of its Series A funding round. This investment is set to enhance Khula’s digital platform, which aims to transform the agricultural supply chain by directly linking…
- Looking at February 2025’s figures, one could focus on the negatives. The number of $100k+ deals announced (38) fell below the average of the past twelve months and was lower than any February since 2021. Similarly, the total amount raised in February ($119m) lagged behind the twelve-month average…
- Climate fintech MPower Ventures AG has secured $2.7 million in a funding round supported by the Foundation for Clean Energy and Energy Inclusion for Africa (CEI Africa) alongside crowdfunding platforms Klimja and Republic. The funding, structured as a combination of equity and subordinated debt, is…
