- Egyptian Software-as-a-Service startup Qme has raised $3 million in seed funding, with deep-tech firm AHOY leading the investment round. This investment will go towards enhancing Qme’s AI-driven solutions, which are designed to modernise appointment booking systems and reduce inefficiencies in…
- Vodacom Group held an investor briefing today to outline its strategic roadmap for the next five years. During the February 19, 2025 presentation, the telecommunications giant introduced its Vision 2030 strategy, which includes a significant upgrade to its financial growth targets. The company…
- President Trump’s executive order to shut down USAID has halted critical aid to vulnerable populations globally and severed a significant source of non-dilutive funding for African startups. Over the past decade, USAID’s Development Innovation Ventures (DIV) invested more than $100 million in…
- The Federal Inland Revenue Service (FIRS) has filed a lawsuit against cryptocurrency exchange Binance, demanding $79.5 billion in alleged economic losses and an additional $2 billion in back taxes for 2022 and 2023. This brings the total claim to $81.5 billion, which is nearly $20 billion (31.45%)…
- Ghanaian fintech startup Affinity Africa has raised $8 million in an oversubscribed seed funding round to expand its affordable banking services. The round was led by Grazia Equity and BACKED VC, with participation from Enza Capital, Launch Africa, Renew Capitall, Finca International, Attijariwafa…
- East Africa had already led in funding back in 2020, securing 31% of the total investment at the time. However, this lead was marginal, amounting to just $6 million more than West Africa out of a total of $1.1 billion. It was not until the slowdown in funding activity from mid-2022 onward that East…
- Mallick Bolakale, CEO of Startbutton, sees Francophone Africa as a high-potential market with fewer competitors than its Anglophone counterpart. Startbutton, a Merchant of Record (MoR) service facilitating business expansion across Africa, has announced its entry into seven Francophone countries:…
- In 2024, Africa’s tech industry experienced a surge in mergers and acquisitions (M&A) as startups faced funding challenges, prompting them to consolidate for sustainability and expansion. A report by TechCabal Insights, published on February 13, revealed that 39 M&A deals occurred over the…
- Kenyan banks are swiftly lowering lending rates following a mandate from the Central Bank of Kenya (CBK), which has warned financial institutions of daily penalties for failing to comply. The regulator is taking strict measures against banks that have been slow to lower their rates despite multiple…
- Explore the thriving startup ecosystem in West Africa, highlighting innovative companies driving growth in fintech, healthtech, and more.
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- Explore how key investors are transforming Africa's healthtech landscape, driving innovation and improving healthcare access across the continent.
The post 11 Investors Investing in African Healthtech appeared first on Tech In Africa.
- Explore the surge in African fintech, highlighting key investors and their innovative approaches to financial inclusion and digital transformation.
The post 10 Investors Investing in African Fintech appeared first on Tech In Africa.
- Explore how corporations empower African startups through funding, mentorship, and resources, driving innovation and growth across sectors.
The post How Corporations Support African Startups appeared first on Tech In Africa.
- Taager, a social e-commerce platform, has successfully secured a USD 6.75 million Pre-Series B funding round, led by Africa-focused growth fund Norrsken22. The oversubscribed round also saw participation from Endeavor Catalyst, Beltone VC, and existing investors, including 4DX Ventures, RAED…
- Nigeria is set to collaborate with Google to advance artificial intelligence (AI) and digital innovation. This announcement was made by President Bola Tinubu through his official X handle, following his meeting with Sundar Pichai, the CEO of Google and Alphabet, in Paris, France. President Tinubu…
- Nigeria and other African startups have kicked off 2025 on a strong note, with funding into the ecosystem surging by 240 percent year-on-year to reach $289 million in January. This marks a significant increase compared to the $85 million raised in January 2024. Despite the lower figures in 2024,…
- African SMEs face increasing cyber threats; learn essential strategies for protecting data and ensuring business continuity.
The post Best Practices for SME Cybersecurity in Africa appeared first on Tech In Africa.
- African SMEs confront rising cyber threats during digital transitions, facing unique challenges and exploring budget-friendly cybersecurity solutions.
The post Cybersecurity Challenges for African SMEs appeared first on Tech In Africa.
- Streamline payroll compliance in Africa with five essential steps that tackle local wage laws, digital systems, and record-keeping.
The post 5 Steps to Ensure Wage Payment Compliance in Africa appeared first on Tech In Africa.
- Learn the essentials of wage payment laws across Africa, including compliance requirements, payment methods, and worker classification.
The post Guide to Wage Payment Laws in Africa: What Startups Need to Know appeared first on Tech In Africa.
- Explore how African startups are leveraging technology and innovative partnerships to expand mobile telemedicine and improve healthcare access.
The post Scaling Mobile Telemedicine: Lessons from African Startups appeared first on Tech In Africa.
- Flutterwave CEO Olugbenga Agboola has unveiled Go Time AI, a groundbreaking accelerator program through his venture studio Resilience17. The initiative offers substantial funding and mentorship opportunities to emerging African AI startups, marking a significant development in the continent’s…
- Safaricom and the Kenya Bankers Association have put forward a strategic proposal to elevate Pesalink into Kenya’s primary fast payment system. The initiative aims to consolidate the country’s diverse digital payment platforms under one unified system, addressing the current fragmentation in the…
- IBM has announced the transfer of its operations across multiple African markets to MIBB, a Midis Group subsidiary. The transition affects 36 African countries, including major markets like Nigeria and Ghana. The handover takes effect from April 1, 2025, marking a significant change in IBM’s half-…
- French media giant Canal+ has announced comprehensive plans to restructure MultiChoice through the creation of two distinct entities. The reorganization will establish LicenceCo, holding the broadcasting license, alongside the existing MultiChoice Group structure. This strategic decision aligns…
- Warner Music Group and Audiomack have significantly broadened their licensing agreement, extending their partnership to 47 additional countries worldwide. The collaboration builds upon their existing arrangement, which previously covered the United States, Canada, Jamaica, and five African nations…
- According to data from Carry1st, an African gaming and digital content publisher, and Newzoo, a research platform for PC and console gamers, Africa’s gaming sector has seen impressive growth, reaching $1.8 billion in revenue in 2024. The analysis reveals that the continent’s gaming industry grew by…
- Qualcomm has officially opened applications for its latest ‘Make in Africa’ Startup Mentorship Program, an initiative designed to support early-stage African startups leveraging advanced connectivity and processing technologies. The equity-free program, a key component of Qualcomm’s African…
- Digital payment company Moniepoint is currently testing a new point-of-sale (PoS) system that integrates payment processing with inventory management. This development follows the company’s acquisition of Grocel in December 2023. Since acquiring Grocel, a company specializing in inventory…
- Gig workers in Côte d’Ivoire are now receiving lending solutions through an initiative currently exclusive to Yango’s partner drivers. Plans are in place to expand the service to consumers, food delivery agents, and merchants in the future. Ride-hailing app Yango has teamed up with COFINA , a…
- Explore strategies and insights for African startups looking to successfully expand across borders in a diverse and dynamic market landscape.
The post Ultimate Guide to Cross-Border Expansion for African Startups appeared first on Tech In Africa.
- Explore the stark differences between seed and Series A funding for African fintech startups, revealing key insights into investor expectations and market trends.
The post Seed vs. Series A: African Fintech Funding Compared appeared first on Tech In Africa.
- Nigerian mobility company Moove has finalized its acquisition of the Brazilian car rental startup Kovi in an all-share agreement, marking a significant step in its Latin American expansion. The startup officially entered the Mexican market in October 2024. “This acquisition not only enhances our…
- Explore how localization shapes market success in Africa by adapting to local languages, payment systems, and regulations.
The post How Localization Drives Market Fit in Africa appeared first on Tech In Africa.
- Africa’s entrepreneurial ecosystem secured $1.5 billion in equity in 2024. While this may seem like a significant achievement to the average person, experts have criticized the continent for falling short of its potential. Statistics reveal that Africa accounts for approximately five percent of…
- LagRide, a government-supported ride-hailing platform, is set to lead the adoption of electric vehicles in 2025, according to a source familiar with the development. The company intends to introduce electric cars provided by CIG Motors Co. Ltd., the Nigerian representative of Chinese state-owned…
- The new plant will greatly increase production from 1,000 units in 2024 and signal the company’s expansion into the three-wheeler market. Spiro, an electric mobility company active in seven African countries, is set to open its first EV assembly plant in Ogun State, Nigeria, by March 2025. This…
- According to a report by 6Wresearch, Africa’s cloud computing market is expected to reach around US$20 billion by 2025, with a projected compound annual growth rate (CAGR) of 16% through 2031. The growth is fueled by the digital transformation across sectors such as finance, healthcare, and…
- Swedfund, Sweden’s development finance institution, is committing more than $41 million (€40 million) to the Emerging Africa & Asia Infrastructure Fund (EAAIF), a venture under the Private Infrastructure Development Group (PIDG) and managed by the investment firm Ninety One. This investment…
- Egypt President Abdel Fattah El-Sisi unveiled the National Artificial Intelligence Strategy 2025–2030, reinforcing the country’s dedication to harnessing AI for economic growth, technological advancement, and improved quality of life. The strategy aspires to position Egypt as a premier AI hub…
- Oando, a prominent energy provider in Africa, has revealed intentions to incorporate artificial intelligence (AI) in its upcoming drilling operations to boost operational efficiency through advanced technology. Wale Tinubu, Oando’s Group CEO, highlighted that the integration of AI will allow the…
- The Gates Foundation-supported initiative, Investing in Innovation Africa(i3), alongside donors, pharmaceutical manufacturers, and African government entities, will allocate $1.6 million to fund 15 healthtech startups across Africa. The initiative will provide $50,000 equity-free grants to ten…
- South African fintech startup 6DOT50 has partnered with BTS and Serti Solutions to introduce cryptocurrency payments for vehicle purchases. This collaboration allows customers to buy both new and used cars at over 1,400 dealerships using eight different cryptocurrencies, including Bitcoin (BTC). In…
- Startups facilitating money transfers for Africans abroad are quickly growing their operations as remittances to sub-Saharan Africa reach unprecedented levels. Earlier this month, LemFi, a remittance company secured $53 million in funding from Silicon Valley investors after surpassing $1 billion in…
- African startups secured $2.2 billion in funding in 2024 through a combination of equity investments, debt, and grants. This accounts for 0.6% of the worldwide startup funding total of $275 billion. Although Africa experienced an 11% year-on-year decline in equity funding, it performed better than…
- KCB Bank Kenya, in collaboration with Mastercard, has launched the country’s first multi-currency prepaid card. This innovative solution is designed to streamline international transactions, enabling users to make seamless payments across multiple global destinations. Tailored to meet the diverse…
- Egypt’s Micro, Small, and Medium Enterprise Development Agency (MSMEDA) has announced a $7.5 million investment across three regional venture capital funds, reaffirming its dedication to fostering entrepreneurship and supporting startups. This funding aligns with the Egyptian government’s broader…
- DisrupTech Ventures, a prominent Egyptian venture capital firm, has made a significant move into blockchain by leading a notable investment in Hamilton, a protocol that utilizes the Bitcoin network to tokenize real-world assets. The funding round also attracted participation from other key…
- Kapu, a Kenyan e-commerce startup focused on serving low-income consumers, has secured pre-Series A funding from BlackWood alongside its existing investors to expand its operations across Africa. The company’s mission is to lower the cost of living for mass-market consumers by providing essential…
- Moniepoint Inc., a prominent business payments and banking services platform in Nigeria, has received an investment from Visa, a global leader in digital payments. This partnership highlights Visa’s dedication to promoting financial inclusion, driving the evolution of digital payments, and…
