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- Asaak, a Ugandan fintech, is joining the ranks of a select few African tech companies, like Nigeria’s Paga, making inroads into Latin America. Established in 2016, Asaak initially provided motorcycle and smartphone loans to Ugandans directly and in collaboration with partners such as SafeBoda. Now…
- In response to rising fuel prices, Uber has introduced electric motorbikes in Kenya, initially available only in Nairobi. Uber has unveiled an electric motorbike named “One Electric” for the Kenyan market. This introduction is pivotal as the global automotive sector is shifting towards electric…
- Image credit Getty images OpenAI’s ChatGPT has profoundly impacted the worldwide AI landscape, prompting a global competition to create comparable AI technologies. Amidst this ongoing race, Chinese technology leader Baidu has made a daring move by introducing its own chatbot, Ernie Bot. This…
- Seven Nigerian startups are set to compete against 193 other startups for the coveted 100K equity-free prize in the Startup Battlefield competition. These Nigerian startups have earned their place in this year’s TechCrunch Startup Battlefield pitch competition, highlighting the finest 200 early-…
- Francophone governments are individually pushing to boost their respective startup ecosystems, but there lacks a coordinated effort among the countries in the region. From Abidjan, the commercial capital of Cote d’Ivoire, where I am residing with fellow participants of the Cyber Africa Forum,…
- It’s no secret that innovation can unlock potential for corporations. A Boston Consulting Group (BCG) report states that 83% of African executives now view innovation as a top-three priority, compared to 79% of companies worldwide. This represents a 21% increase from the previous year, when only 62…
- Retail Capital, a division of TymeBank, is revolutionising the landscape for South African entrepreneurs with ChatSME, a groundbreaking Large Language Model (LLM). This innovative AI model is designed to provide easy access to valuable knowledge and resources, catering to the vibrant SME (small and…
- Nigeria’s Minister of Communications, Innovations and Digital Economy, Bosun Tijani, is inviting top AI researchers of Nigerian descent to help develop a National AI Strategy. Tijani said: “A National AI Strategy for Nigeria to responsibly steer the AI revolution towards achieving national goals…
- The Competition Authority of Kenya has approved Moniepoint Inc.’s acquisition of Kopo Kopo, a Kenyan fintech company offering payments and credit services to small businesses. Moniepoint, which runs a large payments platform in Nigeria, said it is “delighted to have reached the milestone of…
- South Africa is taking steps to curb harmful content online by introducing new draft regulations. The Film and Publication Board (FPB) hopes to curb harmful content on platforms like Facebook and WhatsApp with these proposed industry codes and guidelines. “We’ve seen too many cases of child…
- Aspiring digital creators in Nigeria recently gained hands-on social media education and community-building opportunities through Meta’s first-ever in-person Creator Lab Live event. The Lagos workshop gathered over 40 emerging creators to learn from experts on building their brands and maximising…
- Sub-Saharan Africa is home to some of the world’s fastest-growing economies and an expanding young population brimming with talent and potential. However, the region’s startup and innovation ecosystem significantly trails its global counterparts according to the Startup Genome’s recent report,…
- Ride-sharing platforms have grown significantly across Africa over the past decade. Companies like Uber, InDrive and Bolt have transformed taxi services and created many new jobs. Last week, InDrive expanded into Lesotho. For six months, the company will remove service fees so drivers retain all…
- The Somali government recently announced a ban on several popular social media and communication platforms, including TikTok, Telegram, and 1XBet. According to Communications Minister Jama Hassan Khalif, the decision was made due to concerns over the spread of inappropriate content, blackmail,…
- Malawi and Zambia have signed an agreement aimed at improving Internet connectivity and reducing data prices between the two developing African nations. At last week’s signing ceremony in Lilongwe, Malawi’s capital city, Information Minister Moses Kunkuyu said the new “Diplomatic Data Corridor”…
- In the ever-evolving landscape of African business, one event stands poised to redefine the narrative: The Africa Startup Ecosystem Builders Summit and Awards (ASEB). Born from the strategic minds at Setup A Startup, ASEB isn’t just an event—it’s a movement, a testament to the indomitable spirit of…
- Despite facing a significant load-shedding crisis, South Africa continues progressing towards green energy solutions. A team from Stellenbosch University (SU), a government-owned institution, is examining the viability of introducing the nation’s inaugural electric taxis. These taxis can…
- The Nigerian federal government has secured around $500m to launch a domestic funding program to enhance innovation and entrepreneurship in the nation’s digital sector. This development was announced by Bosun Tijani, the Minister of Communications and Digital Economy, during a dinner hosted in…
- The Nigerian federal government has secured around $500m to launch a domestic funding program to enhance innovation and entrepreneurship in the nation’s digital sector. This development was announced by Bosun Tijani, the Minister of Communications and Digital Economy, during a dinner hosted in…
- Tunisian startup, SeekMake, recently secured an investment of 500,000 euros (USD 539,000). This funding was obtained through a three-part deal after a year of negotiations Lafayette Group, a leading European private equity firm with shares in numerous European manufacturing enterprises, is the…
- Egypt’s rich history in cotton production, a legacy it has safeguarded over the years, is again at the forefront of its economic advancements. According to recent data, Egypt cemented its position in the global market with cotton export contracts with 23 nations, a venture valued at $140 million in…
- Kenyan fintech startup Zanifu has secured $11.2 million in a pre-Series A round comprising debt and equity. Beyond Capital Ventures and Variant Investments spearheaded the investment, with contributions from Launch Africa, Founders Factory Africa, AAIC Investment, Google Black Founders Fund, and…
- Kenyan fintech startup Zanifu has secured $11.2 million in a pre-Series A round comprising debt and equity. Beyond Capital Ventures and Variant Investments spearheaded the investment, with contributions from Launch Africa, Founders Factory Africa, AAIC Investment, Google Black Founders Fund, and…
- South Africa is advancing its efforts to manufacture mRNA vaccines in Cape Town. Dr. Tedros Adhanom Ghebreyesus from the World Health Organization was present for the inauguration at the technology hub established by Afrigen Biologics and Vaccines. According to a WHO statement, Afrigen has…
- Machine learning and AI are ushering in novel opportunities. However, as a recent study suggests, these benefits mainly cater to speakers of predominant languages like English and French, such as in products like ChatGPT. There’s a push to guarantee that those who speak Shona, Hausa, Xhosa,…
- Google has introduced the “Google for Startups Accelerator: AI First” program, which aims to assist African startups seeking to address local challenges through artificial intelligence. This initiative acknowledges the significant impact of AI on a global scale, revolutionizing various industries…
- Approximately 160 million individuals who were originally born in Africa have chosen to reside outside the continent. Education and employment have acted as pivotal factors in their departure. Nonetheless, a shared aspect among them is the necessity to remit funds to their friends or family back…
- As reported by Bloomberg on Thursday, Mastercard, the global payment giant, will conclude its crypto card collaboration with the world’s largest cryptocurrency exchange, Binance, by next month. The four-year partnership, which provided services to Binance users in Argentina, Brazil, Colombia, and…
- MoMo Payment Service Bank (PSB) has teamed up with Saana Capital, a cross-border company holding a license from the Central Bank of Nigeria (CBN), to facilitate bill payment services and frictionless inbound and outbound transfers across Africa. Inbound services encompass receiving funds, including…
- Making significant strides towards enhancing financial inclusion and diversifying services, Nigerian fintech firm Moniepoint (formerly TeamApt) is stepping into consumer banking, aiming to rival OPay and PalmPay. Established in 2019, Moniepoint has swiftly emerged as a leader in Nigeria’s financial…
- After a year filled with multiple media disputes, Flutterwave, the most valuable startup in Africa, is gearing up for an initial public offering (IPO), as reported by Bloomberg, quoting the company’s CEO. Even with challenges like accusations of fraud, potential security issues, and a challenging…
- After a year filled with multiple media disputes, Flutterwave, the most valuable startup in Africa, is gearing up for an initial public offering (IPO), as reported by Bloomberg, quoting the company’s CEO. Even with challenges like accusations of fraud, potential security issues, and a challenging…
- Threads, the standalone text-based application by Meta, may not have debuted with revolutionary features last month, but its distinct advantage lies in its seamless integration with Instagram. This differentiates it from comparable applications like Twitter (now 𝕏), Truth Social, and Mastodon.…
- Oyster Agribusiness in Ghana has secured US$310,000 through grant and debt financing. This funding will enable the company to further its objectives of promoting sustainable agriculture, gender inclusion, and effective talent management. Oyster Agribusiness stands out by leveraging advanced…
- With transport costs surging in Nigeria, pleading rides from strangers has become commonplace. MyCoPilot offers a solution by enabling private car owners and passengers travelling the same route to share rides through its platform. MyCoPilot’s CEO, Nnamdi Jeffrey Emmanuel Chizoba, said his goal was…
- Amazon Web Services (AWS) has opened its inaugural international AWS Skills Center in Cape Town, South Africa. The in-person learning space aims to increase access to cloud computing education regardless of background. AWS Skills Centers provide free training to anyone curious about the cloud and…
- Liquid Intelligent Technologies has launched a major metro fibre ring in Gaborone, Botswana’s capital city. The high-capacity, high-speed network aims to benefit hundreds of businesses with more affordable and secure connectivity. The Gaborone Metro Ring is being rolled out in phases by Liquid.…
- The removal of petrol subsidies has sent prices soaring in Nigeria, hitting transporters hard. However, Enugu-based engineer Chukwuemeka Eze is providing relief by converting fuel tricycles into electric kekes. Eze, an electrical engineering graduate from the University of Nigeria Nsukka, helped…
- MTN Uganda has achieved strong growth in service revenue, reaching Ush 1.25 trillion ($335 million) in the first half of 2023. This 15% jump was driven by gains in voice, data, and fintech services, according to CEO Sylvia Mulinge. She noted that this aligns with the company’s targets and reflects…
- A report from the 2022–2023 Africa PR and Communications report reveals most African PR professionals see artificial intelligence as the technology to transform their work over the next decade. AI is already assisting with media monitoring, sentiment analysis and fake news detection. But how…
- Amid the 4th Industrial Revolution, where digital integration is key, transitioning to a paperless ecosystem is essential for institutions. The Gauteng Department of e-Government, Research, and Development, the primary force behind digital innovation in Gauteng, is channeling its resources to…
- VaultPay, a pioneering fintech startup in the Democratic Republic of Congo (DRC), has achieved a significant feat by securing a historic position in Y Combinator’s esteemed 2023 summer cohort. This accomplishment marks a pivotal moment as VaultPay becomes the inaugural Congolese-led enterprise to…
- Ursula Fear, Salesforce South Africa’s senior talent program manager, clarifies the extreme perceptions of AI and underscores its genuine influence on the workforce. While there’s concern about job losses, Fear believes AI offers immense potential for positive change, enhancing efficiency,…
- The International Finance Corporation (IFC) board of directors has sanctioned a loan of USD 1.7 million (around 1.027 billion XOF) to the Ivorian startup Anka (previously known as Afrikrea), a reduction from the originally intended $3.4 million. This detail was sourced from the institution’s…
- AfricArena and FMO, the Dutch Entrepreneurial Development Bank, are strengthening their alliance with the expansion of the FMO Ventures program, designed to nurture Africa’s burgeoning tech scene further. After successfully collaborating in 2022 during AfricArena’s continental tour, the renewed…
- Working in customer support often involves grappling with the demands of managing a large volume of customer inquiries. Providing excellent service requires a significant investment, both in terms of resources and expenses. Gartner’s 2019 survey of leaders in Customer Service and Support revealed…
- Buguard, an Egypt-based firm focusing on offensive security and dark web monitoring, has received $500,000 in early funding. Will strengthen their workforce and allow them to focus on product enhancement, sales, and collaboration channels. A15, a prominent venture capital entity in the MENA known…
- A significant challenge in Africa concerning global financial accessibility is the difficulty Africans face in effortlessly obtaining FX for their requirements, whether for educational expenses, participation in the gig economy, brief travels, or remote employment. Many banks and financial…
- In a proactive effort to tackle the evident gender imbalance within the South African technology sector, GirlCode, an organization focused on developing software skills, has embarked on an inspiring endeavor. Their annual Hackathon, which took place earlier this month across Cape Town, Johannesburg…
- VitruvianMD, an innovative MedTech startup, recently raised $1.25 million (about R23 million) in their Seed Extension II funding t round. The funding was spearheaded by 27four’s impactful venture capital fund, The Nebula Fund, signifying a major achievement for the company as it drives its…
