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- WhatsApp has unveiled a faster, QR code-based approach to migrate chat data from an old phone to a new one. This advancement allows users switching to a new device with the same operating system to shift their WhatsApp data over a local Wi-Fi network. Both devices should be powered on and connected…
- The Ghanaian health tech startup Berry Health raised $1.6 million in a pre-seed funding round. The funding round saw participation from large-scale U.S. fund Lightspeed Ventures and General Catalyst, with the former marking its debut investment in Africa, thereby indicating the rising potential of…
- If you live in South Africa and want some magical fun, you’ll be happy to hear that Disney+ is now available there. With Disney+, you can watch a huge number of exciting movies, TV shows, and exclusive material from Disney, Pixar, Marvel, Star Wars, and more. Setting up Disney+ on your device is…
- Senegalese fintech startup, Wave, has gained recognition as the sole African company featured on Y Combinator’s list of the top 50 revenue-generating companies in 2022. This prestigious list includes well-known companies such as Monzo Bank, Coinbase, Zapier, Webflow, and Stripe. The list features…
- Social media has become a strong tool that can bring people together from all over the world. In addition to bringing people together, the platforms have become a great way to find information, improve risk management, and make the customer experience better. It’s easy to see why most foreign…
- OpenAI, the organization behind the development of ChatGPT, has been hit with a $3bn lawsuit over accusations of illegitimately harvesting extensive volumes of personal data to train its artificial intelligence systems, in a race for profitability. The company, alongside its principal supporter…
- Egypt’s economic problems don’t seem to have hurt the food business. The field has grown a lot, which you can see by how many more domestic and foreign brands are in the market. With an annualized revenue of $22 billion and a growth rate of 16.8%, this field is the second fastest-growing in the…
- The Central Bank of Nigeria (CBN) recently made headlines with a new regulation that requires banks to collect and verify customers’ social media handles as part of their Know Your Customer (KYC) process. The move is aimed at combating financial crimes and strengthening customer identification…
- In a noteworthy collaboration, Flutterwave, a prominent African tech company, has unveiled its strategic partnership with Microsoft. The aim is to construct an advanced payments platform on Microsoft Azure that will power seamless transactions in Africa and beyond. This joint effort will bolster…
- Job seekers often face the challenge of expressing their interest in working for a company, especially when there are no current job openings or they are not yet ready to apply. However, LinkedIn has recently launched a groundbreaking feature that simplifies this process and allows individuals to…
- Seedstars Capital and Fondation Botnar have launched the “Seedstars Youth Well-being Ventures mandate”, a $20 million investment aimed at enhancing the welfare of youths in Africa’s lower- and middle-income countries. The partnership has already demonstrated its potential with an early joint…
- In the final quarter of 2022, Nigeria’s government prioritized the transition to a cashless society to reduce the reliance on physical currency. This push by the government, backed by the Central Bank of Nigeria, involved introducing new banknotes and implementing lower cash withdrawal limits.…
- Since its launch by the African Union and the African Export-Import Bank (Afreximbank) in 2022, the Pan African Payment and Settlement System (PAPSS) has initiated a significant transformation in cross-border transaction processes, bringing more than 25 commercial banks into its network. Ecobank’s…
- Selected recipients of Google’s Black Founders Fund reveal to TechCabal their strategy to utilize the fund to amplify their business impact and ensure continued growth. Google recently announced its list of 25 African startups that would benefit from non-equity funding of up to $150,000 and up to $…
- Accessing electricity has long been a major hurdle for most African nations. As the International Energy Agency (IEA) reports, approximately 580 million Africans lacked access to electricity in 2019. This statistic represents over half of the global population without this essential resource. The…
- In the entrepreneurial landscape, startups are critical engines of innovation, job creation, and economic development. Several European nations, aware of this immense potential, have long since implemented tax breaks designed expressly to bolster and foster the growth of startups. Indeed, this…
- Ethiopian startup Kubik has raised a whopping $3.34M in an oversubscribed seed investment round .This a significant step forward for the circular economy and climate technology sectors. The company, which repurposes difficult-to-recycle plastic waste into cost-effective, low-carbon building…
- A recent report from the International Finance Corporation (IFC) predicts that by 2030, an estimated 230 million jobs in Sub-Saharan Africa will demand some form of digital competency. This forecast reveals the region’s considerable need for improved digital literacy as it currently bears the world…
- Vendease, a promising food tech startup from Nigeria, has been recognized as a 2023 Technology Pioneer by the World Economic Forum (WEF). This prestigious accolade is bestowed upon companies leading the way in technological innovation and potentially impacting society and business significantly.…
- Africa REN Pioneers Walo Storage Project in Senegal Gilles Parmentier, the CEO of Africa REN, is lauding the breakthrough Walo Storage Project in Senegal. This initiative has secured close to $35 million in funding, set to transform the energy canvas of the nation. West African renewable energy…
- Alternative fund managers are projecting a significant increase in inflows from pension funds in the coming months, underscoring a growing interest in alternative investments for retirement portfolios. A recent study by Ocorian, a leading provider of entity administration and alternative fund…
- In the contemporary era, financial literacy plays an essential role in achieving economic success. A recent investigation by Nedbank reveals a promising trend: South Africa’s younger generation demonstrates a rising dedication to saving. However, a critical need remains for enhanced financial…
- Kigali strives to become a prominent technology hub for African businesses, attracting major African fintechs like Flutterwave to solidify their operations in this promising East African nation. Flutterwave, present in Rwanda since 2020, is now looking to fortify its foothold in this landlocked…
- Airtel, a major telecom provider in Nigeria, has officially launched its 5G network in the populous African nation. The move positions Airtel as the third-largest mobile network operator in the country, with a subscriber base surpassing 60.3 million, trailing only MTN and Glo. MTN has already…
- An Ethiopian green initiative, Kubik, is at the forefront of a revolution by employing recycled plastic waste as the foundation for creating building materials. This shift comes amid projections suggesting that global plastic waste production could increase fourfold to exceed 1,000 million tonnes…
- Eze, a Nigerian wholesale marketplace specializing in new and used electronics, has raised $3.7 million in seed funding. The investment round was led by Right Side Capital Management, with participation from notable angel investors such as C2 Ventures, Boro Capital, and EVPI Investments. As a…
- E Squared Investments, an impact investor, has participated in a pre-seed extension funding round led by 4DX Ventures into Zoie Health, a health tech company. Zoie Health aims to address the limited services available to assist working-class young women, pregnant women, and mothers in taking…
- Peach Cars, the Kenyan-based automotive marketplace, has successfully raised a $5 million seed round. The primary contributors included The University of Tokyo Edge Capital Partners (UTEC) from Japan, as well as angel investors such as Shintaro Yamada (founder and CEO of Mercari), Peter Kenevan (VP…
- Fast Credit Limited, a fintech company based in Nigeria, has successfully raised $3.6 million through a groundbreaking Commercial Paper Series issuance. This major accomplishment underlines the faith investors have placed in the firm’s unique business model and strategic vision, as well as its…
- Cybersecurity research firm Indusface has released a study highlighting Senegal as the leading African nation in cyber security, making it the safest for companies implementing remote work models. The research, which evaluated metrics such as DDOS attacks, phishing and malware-hosting sites, and…
- Haul247, a Nigerian startup, has distinguished itself in the dynamic logistics sector by introducing a groundbreaking concept known as the “Airbnb-for-trucks.” This innovative platform seamlessly links businesses with essential haulage and warehousing resources, revolutionizing the industry. …
- The implementation of guidelines by Kenya’s ICT regulator, the Communications Authority (CA), regarding phone brands has been largely ineffective, leading to non-compliance from companies like Samsung. Back in 2018, the CA published comprehensive guidelines that outlined the necessary features and…
- Shuttlers, a Nigerian startup that specializes in shared mobility services, is actively seeking vehicle partners, including car owners, to expand its operations. To qualify, cars must be from the 2007 model or later, while Hiaces and coaster buses must have air conditioning. Shuttlers operates a…
- AI-powered platforms have been known to revolutionize several industries of which the Digital art industry is one of such. Due to the infusion of AI in this industry, Artists can now broaden their creative process, explore new frontiers and produce astonishing digital artworks. Here are some of…
- WhatsApp has recently launched Channels, a feature that allows users to broadcast messages to a large number of people. This feature is similar to Telegram and Slack channels, which have been popular with users for some time. WhatsApp Channels are currently live in Colombia and Singapore, but the…
- Amazon Web Services, Inc. (AWS) today announced the launch of its first Amazon CloudFront edge location in Lagos, Nigeria. This new edge location will provide Nigerian customers with faster content delivery, enhanced security, and application-level protection. Amazon CloudFront is a content…
- Adbot, a South African ad-tech startup that uses AI to help small businesses drive productive online advertising campaigns, recently announced its plans to extend into Nigeria after endorsing a seed round. Data obtained from a McKinsey report shows that the number of Africans who utilize online…
- In response to the mounting issue of global electronic waste (e-waste), Samsung Electronics East Africa has launched an e-waste collection program in partnership with Nairobi-based retailer, Housewife’s Paradise. The initiative, marking the 50th anniversary of World Environment Day, aims to tackle…
- Avanz Capital Egypt, a private equity fund subsidiary of Squared Capital International, has announced a $3.5 million investment in Trella, an Egyptian logistics startup, to bolster the growth of Egypt’s logistics industry. Established in 2022, Avanz Capital Egypt invests in startups and small-to-…
- As Africa steadily embraces solar energy to solve its persistent power challenges, Malawi’s solar pioneer Yellow has secured $14 million in a Series B funding round. This financing event is instrumental in the continent’s growing solar sector, which, according to the biennial Gogla-Wohave Bank…
- 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.…
- The Middle East and North Africa (MENA) region experienced a remarkable surge in venture capital activity during May, signaling a strong recovery for the startup ecosystem. $445 million was invested in the region’s startups through 39 transactions, a significant jump from the mere $7 million raised…
- Most CEOs, managers, and human resource administrators in small to large African firms have struggled with employee upskilling for many years. According to the International Finance Corporation, nearly 200 million jobs requiring digital skills will be available in Sub-Saharan Africa alone. Knowing…
- Binance, one of the biggest cryptocurrency exchanges, has separated itself from Binance Nigeria Limited and made it clear that the recent ban on the Nigerian company by the Nigerian Securities Exchange Commission (SEC) does not affect its operation. A report by the online platform Mariblock showed…
- If you use Google advertising, you’ll have to worry less about the placement of your advertising now that Google has introduced new AI-powered features. With over 246 million unique visitors per month and the ability to reach 80% of internet users daily through its Display Network, these two AI-…
- Just as Africar Group led a digital revolution in Africa’s automotive industry, African Property Group, a subsidiary of ECV Group, is harnessing the power of technology to reshape Africa’s real estate landscape. African Property Group[APG] is a major player in online marketplaces in African markets…
- International Finance Corporation and Multilateral Investment Guarantee Agency of the World Bank Group have announced a $157.4 million equity investment to provide millions more Ethiopians with accessible, dependable mobile and internet services. According to a statement from the IFC, the fund is…
- Haul247, a Nigerian end-to-end logistics digital platform that connects companies with haulage and warehousing assets on a single platform, has raised $3 million in seed funding. Alitheia Capital’s uMunthu Fund was the major investor in this round. Investment One gave a loan to help fund the round…
- The biggest cryptocurrency exchange in the world, Binance, has been told to stop doing business in Nigeria. This is because a local branch of the company that tried to get Nigerian investors to invest online was doing so illegally, according to the country’s markets regulator The Nigerian…
- Rology has bought Arkan United, a teleradiology company based in Jeddah, Saudi Arabia. Rology is the market leader in teleradiology in the MENA area. Amr AboDraiaa, Moaaz Hossam, Mahmoud Eldefrawy, and Bassam Khallaf started Rology in October 2017 to help with the lack of doctors worldwide. Rology…
