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- After honing its offering out of the spotlight for a year, Nigerian startup OneLiquidity has emerged from stealth mode to provide infrastructure for Africa’s booming fintech industry. The company aims to handle critical backend work like technology, liquidity management and licensing so emerging…
- During the recent G20 Summit in India, Bosun Tijani, Nigeria’s head of communications, innovation, and the digital economy, engaged with Indian digital public service transformation experts. He revealed intentions to collaborate with India to gain insights from their digital service experiences and…
- At the Global Entrepreneurship Congress in Melbourne, Startup Genome unveiled “The Scaleup Report.” Spearheaded by JF Gauthier, Startup Genome’s Founder and CEO, this report delves into the nuances that differentiate successful scaling startups from the rest. It offers invaluable insights for…
- After a rigorous round of semi-final business pitches and evaluations conducted on September 1 and 2 at Norrsken House in Kigali, Rwanda, the Jack Ma Foundation and Alibaba Philanthropy-sponsored Africa’s Business Heroes (ABH) Prize Competition, now celebrating its fifth year, has revealed the top…
- In today’s digital age, the significance of artificial intelligence (AI) is undeniable, especially with the recent launches of platforms like ChatGPT and Google Bard. But what is AI? AI is a subset of computer science that endeavors to design machines capable of emulating human intelligence. This…
- In the rapidly digitizing world, Sehatech, an emerging health insurance startup from Egypt, has successfully clinched funding of $850,000. This financial boost comes courtesy of A15 and Beltone Venture Capital, a subsidiary of the Beltone Holding Company. Sehatech’s primary objective is to harness…
- The digital transformation sweeping across the globe has significantly impacted Africa’s e-commerce landscape. The continent has witnessed a jump in e-commerce adoption, rising from 13% in 2017 to 35% in 2023. This shift has resulted in revenue growth from $138 billion to a staggering $435 billion…
- On Thursday, September 7, 2023, Mauritania took a significant step forward by unveiling its much-anticipated Startup Act. This move was announced during a Council of Ministers meeting and signifies a commitment by President Mohamed Ould Cheikh El innovation as the cornerstone for digital…
- Mecho Autotech, an automotive startup from Nigeria specializing in high-quality spare parts, vehicle servicing, and repairs, has successfully garnered $2.4 million in its recent pre-Series A funding round. This round saw Global Brain Corporation, Ventures Platform, and Uncovered Fund contributions…
- Nollywood is rapidly gaining international attention, and the financial backing from tech magnates is propelling it towards global prominence. Recently, Editi Effiòng, a renowned Nollywood filmmaker, unveiled the executive producers for his latest movie, “The Black Book.” The list boasts names of…
- Kotani Pay, a Nairobi-based crypto payments startup, has secured a $2 million pre-seed funding round. The investment round saw participation from DCG/Luno, Flori Ventures, and P1 Ventures, with P1 Ventures leading the 9 rounds. Founded in 2020 by Brian Kimotho, Daniel Kimotho, Felix Macharia,…
- Emata, a startup from Uganda that provides cost-effective loans to farmers, has successfully secured seed funding of $2.4 million. This funding will be channeled towards broadening its agricultural loan services throughout East Africa. The seed funding comprises $1.6 million in debt and $800,000 in…
- Germany has unveiled a novel platform to digitally gather and handle waste in Lagos, marking a transformative approach to the city’s waste challenges. In response to the escalating issues of urban growth and waste handling in Lagos, Germany has launched the innovative Circulary digital platform.…
- In a bid to champion eco-friendly transportation in Nigeria, Qore, supported by Sterling Bank, is on a mission to transform gas-powered vehicles into electric ones. The transportation sector in Nigeria is a major contributor to greenhouse gas emissions. Qore, a renewable energy mobility firm backed…
- Editi Effiòng has been a prominent figure in Nigeria’s digital landscape for years. His digital agency, Anakle, known for its data-driven marketing solutions, has been at the forefront of the digital marketing realm. Recently, he’s been recognized as a digital pioneer, especially with the rise of…
- Securing nutritious and prompt meals is a hurdle in the dynamic corporate scene, especially in areas like Nigeria with its infamous traffic jams. The luxury of receiving a freshly made meal without departing the office becomes invaluable for professionals immersed in continuous appointments. Here’s…
- Jonathan Elcock (CEO at rather.chat) with his Co-Founder Matthew Kloos (CFO at rather.chat) In South Africa, traditional marketing channels are witnessing an all-time low in terms of their consumer reach. Call center contact rates have dropped by 20-30% in the past year, a figure that is…
- Despite a waning interest from venture capitalists in startups at the growth stage, LipaLater, a Kenyan Buy Now Pay Later (BNPL) entity with five years under its belt, is embarking on a crowdfunding campaign to raise $1.2 million. However, it’s not just about the funds. LipaLater, in collaboration…
- Despite a waning interest from venture capitalists in startups at the growth stage, LipaLater, a Kenyan Buy Now Pay Later (BNPL) entity with five years under its belt, is embarking on a crowdfunding campaign to raise $1.2 million. However, it’s not just about the funds. LipaLater, in collaboration…
- Wetility, a South African startup specializing in solar energy solutions for both residential and commercial sectors, has successfully secured funding of R903 million (approximately $48 million) through a combination of debt and equity. This solar energy innovator from South Africa, Wetility, has…
- Since its inception in 2021, AltSchool Africa has provided close to 3 million hours of tech-focused training in software development, data analytics, and product creation following a successful $1 million pre-seed funding round in 2022. Recognizing the rise of unconventional careers like music…
- With the endorsement of the Central Bank of Nigeria (CBN), Flutterwave has unveiled Swap, a digital solution aimed at transforming the Nigerian foreign exchange (FX) market. This initiative is a collaboration with Wema Bank, ranked tenth in Nigeria by assets, and Kadavra BDC. Flutterwave’s Swap is…
- Prepare for these exciting updates coming to WhatsApp, enhancing the experience of managing multiple accounts and using the app. Over time, the need for operating multiple accounts within a single app has increased. Other social media platforms like Facebook, Instagram, and Twitter (now 𝕏) have…
- In Nigeria’s rapidly evolving digital banking landscape, traditional banks have been slow to adapt, opening the door for banking-as-a-service (BaaS) platforms to step in and provide more personalized and cost-effective financial services. One of these platforms, Nigerian fintech Anchor, backed by Y…
- The fintech sector in Africa has witnessed impressive growth in recent years, with startups thriving. However, the funding landscape for 2023 shows signs of change, hinting at potential challenges ahead. As outlined in “Finnovating for Africa,” a biennial publication by Disrupt Africa in…
- In its pursuit of establishing a digitally-driven and favourable business environment in Nigeria, with the aim of positioning the country as a hub for the burgeoning digital and service industry in Africa, a Nigerian startup is gaining significant attention with its innovative project. It’s worth…
- To enhance mobility and environmental sustainability in Latin America, FSD Africa Investments (FSDAi) has forged a significant alliance with the ride-hailing service InDrive. Recognizing the increasing demands of office communication in the era of remote and hybrid work, FSD Africa Investments (…
- To promote transportation and financial accessibility in Latin America, the Uruguayan fintech entity, Bamboo Payment, has announced a pivotal alliance with the ride-hailing service InDrive. The essence of this union is to refine the customer journey by delivering prompt and streamlined payment…
- In the wake of the WorldCoin incident, Kenya’s ICT regulatory body is contemplating revising its existing laws. The Communications Authority (CA) is now advocating for creating regulatory sandboxes to monitor and regulate emerging technologies, especially digital currencies. The recent scrutiny…
- Nestcoin, a Nigerian-based Web3 startup, has successfully garnered $1.9M in what they describe as a strategic funding initiative. As per an official statement from Technext, Hashed Emergent took the lead in this funding round, with contributions from an international group of investors. This group…
- Addis Ababa, 8 September 2023: The Global Innovation Initiative Group (GIIG), the exclusive rights holder to the Global Startup Awards (GSA) Africa, has welcomed UNICEF Ethiopia as a sponsor and strategic partner for the 2022/23 GSA Africa Summit. The event is scheduled to be held from 26 to 28…
- Data has emerged as a valuable commodity in the ever-evolving fintech sector, greatly coveted by both financial institutions and businesses. Its potential to improve decision-making and risk management drives this demand. In this swiftly changing fintech landscape, Finch Technologies has delved…
- Ride-hailing platform Bolt is set to reward its loyal drivers with up to N50 million in the latest edition of its Drive for a Prize campaign. The campaign, which is open to new and existing drivers in Bolt’s markets across Nigeria, will run for eight weeks and will see drivers across the country…
- Twitter, now known as X, has launched three new branded features – Custom Likes, Hashmoji, and Hashfetti – to revolutionise brand-consumer engagement on its platform. These innovative tools allow advertisers to connect with audiences in more personalised, memorable ways beyond the standard “like”…
- Susu is a Beninese startup helping Africans in the diaspora make informed financial healthcare commitments for their loved ones on the continent. The company provides a combination of healthcare packages and insurance that Africans can finance abroad. Accessing health insurance in Africa can be…
- M-Pesa, Safaricom’s leading mobile money platform, is set to roll out standing orders – a first for mobile financial services globally. The feature will allow M-Pesa users to schedule recurring transfers and payments, like rent, subscriptions, or loan repayments. It brings automated convenience…
- The MTN Foundation has launched the second edition of its MTN Women in Digital Business Challenge, pledging R1 million ($53,600) to empower female digital entrepreneurs in South Africa. The challenge aims to help women grow their tech businesses and make their mark in the male-dominated ICT…
- Ahead of Starlink’s anticipated launch in Zimbabwe, the country’s authorities have alerted users and distributors that they might violate the law if they operate without the necessary licenses. Zimbabwe’s overseeing body for communications, the Postal and Telecommunications Regulatory Authority of…
- On Friday, the Kenyan administration disclosed its strategy to introduce electric motorbikes nationwide. President William Ruto, in collaboration with the African startup Spiro, made this announcement just a few days before the inaugural Africa Climate Summit, set to take place in Nairobi, the…
- X, which was once Twitter, has successfully acquired money-transmitting licenses in seven states within the US.This license permits the platform to operate as a money service business (MSB), enabling it to handle international transactions.This move might be a step in Elon Musk’s vision of…
- This week, Kenya is on the stage for a paramount climate event, aiming to present Africa as a potential epicenter for sustainable energy. This conference is the precursor to several significant global gatherings leading to essential UN deliberations. As global endeavors to curtail carbon emissions…
- Mercedes-Benz is set to revolutionize how drivers interact with their cars by integrating cutting-edge chatbot technology into their vehicles. In a groundbreaking move, the automaker will allow drivers to engage directly from behind the wheel with ChatGPT, the advanced chatbot developed by OpenAI.…
- PointsBud is on the verge of revolutionizing the food ordering experience by unveiling an AI-driven system that enables users to purchase food in minutes, eliminating human intervention. While sitting down for a casual product demonstration at our Lagos office, ‘Deji Atoyebi, the brain behind…
- Safaricom Telecommunications Ethiopia, renowned for its innovative solutions and connectivity, has reached another significant landmark. On 11 May 2023, the company officially secured the rights to offer mobile money services in Ethiopia. This notable accomplishment comes just seven months after…
- Vodacom and Eskom have entered into a Virtual Wheeling pact to mitigate the ongoing energy challenges in South Africa. This strategic move aligns with Vodacom’s commitment to derive electricity entirely from renewable sources by 2025. With this agreement in place, Vodacom is set to embark on its…
- LEAP Fund has identified three e-mobility projects in Africa and another four in Latin America for investment. These handpicked projects are set to benefit from a combined funding of U.S. $1.05 million. The fund’s core mission is to extend support to entities based in developing economies. These…
- VC4A is pleased to introduce the 12 African startups that will be part of the 2023 VC4A Venture Showcase Africa. This yearly premier event gathers the continent’s most promising startups, offering them a platform to present their innovations to investors and industry professionals to secure Seed or…
- India is looking to broaden its UPI reach into Africa. India is leading a worldwide initiative to bolster developing countries by expanding its footprint in the payment technology sector. Aiming to enhance financial accessibility and stimulate economic progress, India is actively engaging with…
- week after unveiling the preliminary version of its web platform, Instagram’s Threads is initiating the deployment of another eagerly anticipated feature: search. This new search capability reflects the simplicity of the web version and, at this stage, only permits users to look up other Threads…
- MTN Nigeria, a leading telecommunications entity, has secured N125 billion (equivalent to $156.25) by issuing its series 6 and 7 commercial paper notes. This strategic action is aimed at diversifying the company’s financing channels. The formal declaration of this move was conveyed by MTN Nigeria’s…
