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- With the addition of generative AI to Photoshop, digital artists will soon be able to use more powerful picture editing tools at the tip of their fingers. Adobe Photoshop, the standard software in many artistic fields, will soon have AI-powered image-editing software that will be the best of the…
- In 2018, the Guardian Nigeria reported that more than 190,000 qualified people were turned away from seven public universities in Nigeria. That’s a lot of people who could have gone to college but weren’t allowed to. And it’s not just an issue at these seven schools. Nigeria’s public colleges are…
- In a pre-Series C funding round, Norrsken22 and Blue Earth Capital led by Norrsken22, TymeBank received $77.8 million. With this new round of funding, TymeBank has now raised more than $260 million in cash. TymeBank is part of the Tyme Group, which is based in Singapore. It uses a plan that…
- A report from the National Association of Automobile Manufacturers of South Africa (NAAMSA) says that sales of electric vehicles in the country in the first three months of 2023 have already topped more than half of the total sales from last year. Since the beginning of the year, 232 electric cars…
- Telecom Egypt, which brought in 3.75 billion Egyptian pounds ($121.6 million) and helped pay for some of its debts. Mostafa Madbouly, the prime minister, said he would sell assets worth $2 billion by the end of June. This is part of a deal with the International Monetary Fund to reduce the role of…
- Messaging apps like Telegram, Signal, iMessage, and, more lately, Twitter – if you pay for a subscription – let you edit messages for a while now. Even though WhatsApp is the most popular and widely used messaging app globally, with more than 2 billion users, the company hasn’t decided about this…
- Africa Finance Corporation (www.AfricaFC.org), the continent’s leading provider of infrastructure solutions, has signed a Memorandum of Understanding with Morocco’s Ministry of Economy and Finance to provide project development, structuring, and financing solutions for projects in key strategic…
- According to the Micro, Small, and Medium Enterprises Development Agency (MSMEDA), small businesses in Egypt are significant to the economy. They comprise 47% of the country’s GDP and more than 75% of all jobs. But many small shops in Egypt still only accept cash, which can be slow and dangerous.…
- Even though Sabi, a B2B e-commerce company based in Lagos, has only been around for two and a half years, it has continued to increase in a market that has been hard to break into. Now, after getting $38 million in Series B funding, which puts its value at a massive $300 million, the company […]…
- Deal Source Africa program was officially launched at The West Africa Deal Summit in Accra. Its goal is to connect African businesses with investors, deal advisors, and African Impact Funds with investors. The program will help fill the $331 billion funding gap for small and medium-sized…
- Every customer is always right and is often used to tell service workers to prioritize customer happiness. But whether they are right or not, it is essential to remember that customer satisfaction should be the final goal. A Harvard Business Review study found that the top goal of 64% of financial…
- In May, the highly anticipated AfricArena Dakar FinTech, Mobility & Logistics Summit will take place in Dakar, Senegal, making it the center of attention. The summit will gather the brightest minds in business, technology, fintech, mobility, logistics, and investment to examine the flourishing…
- Africa Data Centres, which has the most extensive network of connected, carrier- and cloud-neutral data center facilities on the continent, has announced that it will soon start building on the land it bought in Accra, Ghana’s Central Business District. The new plant was built, to begin with 10 M.W…
- Balad, an Egyptian fintech startup, has raised a seven-figure USD pre-seed round of capital to launch its remittances platform, increase its workforce, and obtain essential licenses. The fundraising round was led by Acasia Ventures, formerly known as Cairo Angels, an Egyptian venture capital firm.…
- The Mineworkers Investment Company (MIC) gave $1.3 million to Quro Medical, a South African company starting up in the e-health field. Quro Medical, a company that started in 2018, has made a cheap and easy-to-use hospital-at-home solution that combines cutting-edge technology and software with top…
- Google is adding a new “About this image” tool to its image search. Users can determine if AI made a picture and where it first appeared online. This will let Africans check for themselves where pictures made by AI came from. As tools for artificial intelligence make it easier to create fake…
- Safaricom, the biggest phone company in East Africa, has paid $150 million to the National Bank of Ethiopia for a payment instrument provider license. This will let it bring its M-Pesa mobile money service into the country. With this permission, Safaricom will compete directly with Telebirr,…
- Last year, M-KOPA said that its network of more than 10,000 agents had given its underbanked customers over $600 million in loans,over $1 billion in credit to people in Africa who don’t have bank accounts. With a track record of success in East and West Africa, M-KOPA is getting ready to grow its…
- Businesses across the Continent increasingly use digital tools, directly increasing the need for connectivity. Cassava Technologies is a pan-African technology company. Today, one of its businesses, Liquid Dataport, revealed that it had launched the first terrestrial fiber link between Mombasa and…
- Critical minerals are needed for renewable energy technologies like solar panels, wind turbines, green hydrogen, electric vehicles (EVs), and battery storage. Africa’s mineral wealth could help the region and set the stage for the global energy transition. Aluminum is used in most low-carbon…
- The CRM Team and BUI are excited to announce the Power of AI Unleashed Roadshow Series, which will run from May to August 2023 in different places in Southern Africa. This set of events will teach you a lot about the latest developments in AI technology and how it can be used to change the […] More…
- Due to insufficient storage and handling, 37% of food produced in Sub-Saharan Africa is wasted, equating to 120-170 kg per individual per year. Similarly, it is claimed that 50% of all vaccinations worldwide are wasted due to cold-chain breaches. A Nigerian company called Figorr, formerly called…
- Ayoba, the African super app backed by MTN Group, has passed 25 million monthly active users as it celebrates its fourth anniversary. Ayoba is a super instant messaging app released in 2019 and owned by MTN. It gives private peer-to-peer messaging that is encrypted from end to end. The platform…
- When Google, also known as “AI-first” company, puts all of its weight behind the technology, you know that the AI race is entirely on.last week, the search giant held its yearly developer event, Google I/O, which showed how aggressively it wants to adopt and use the technology in most, if not all,…
- Nigeria will make a giant strand on blockchain technology with the recent national blockchain policy. But the West African nation will not welcome crypto anytime soon—blockchain policy or not. Federal Ministry of Communications and Digital Economy, On May 3rd, announced the approval of a national…
- MusicLM, Google’s AI that makes music, is now open to the public. But users must sign up for a line before using this new tool. Also, the data that users make while using the app will be used to train the AI system even more. Google made MusicLM, an AI-powered tool that can turn words […] More
The…
- Startupbootcamp Afritech and the DER.FJ has started a program in Dakar called “Startup Accelerator.” They are working together to invite top technology companies from all over Africa. This startup cohort will receive assistance in essential areas such as finance, management, and marketing. While…
- The European Investment Bank (EIB) has given €40 million ($43.4 million) to Wingcopter, a German startup specializing in making drones to deliver medicine and food to remote places. The investment will come in the form of “quasi-equity,” which means that some of it will be in the form of stock,…
- The power of artificial intelligence (AI) is becoming increasingly significant, and tech companies are taking notice. ChatGPT has become the go-to AI chatbot for many, prompting other tech giants, such as Microsoft and Samsung, to integrate AI into their brands. In a recent announcement, Slack…
- Planet42 is a South African-based start-up that has raised over $150m, offering a unique kind of financing for cars. It differentiates itself from competitors, such as Autochek and Moove, by renting used cars to customers on a subscription basis, with an option to buy. Since its launch in 2017,…
- Webfleet, Bridgestone’s fleet management solution, is expanding its services to the South African Development Community (SADC). This expansion has led to a recent partnership with Kgare Digital to provide high-end tech skills and jobs in Botswana, making it the third portion in the African market…
- Vodacom, the largest mobile network operator in Mozambique, has announced the launch of Mozambique’s first 5G network. The company plans to deploy 5G services at selected sites in Maputo, Matola, the central area of Nampula, downtown Nacala, Munhava, Maquinino, and Chipanga neighborhoods, Beira,…
- South Africa’s data mobile network operator, Rain, has expanded its network to break into the voice service market. They will now offer high-quality voice calls, data, and sms throughout the country. Titled “The rainOne” package, this service combines home internet, data, and voice services into…
- Kenya plans to grow its internal revenue and narrow its fiscal deficit by introducing new taxes targeted at the digital economy. It is also aimed at managing the ongoing cash crunch. If the proposal in the finance bill is corrected, then the taxes will be implemented from July 1st in the coming…
- Treepz, formerly a bus-hailing platform, has introduced a unique solution in the automobile space. The relaunch of their car-sharing model in Nigeria, Kenya, Uganda, and Ghana is set to provide car owners in these countries the chance to rent out their vehicles for as low as N30,000 to even N90,000…
- Nomba has achieved a remarkable feat in tech by transitioning from an AI chatbot to a company. This venture capitalist-backed-up company is now valued at $150 million. Nomba, formerly Kudi.AI, was launched in 2017 as a simple solution model to help non-tech-inclined individuals navigate digital…
- Kenya proposes a special tax system for Employee Share Ownership Plans (ESOPs) to encourage innovation in its startup environment. The Finance Bill for 2023 proposes a “deferred tax” system, which means that taxes on shares given to workers should be put off until certain events happen. These…
- According to a corporate statement, Exit MENA, an investment platform created in 2022, has received the final securities promotion and underwriting license from the Egyptian Financial Regulatory Authority (FRA). The license allows Exit MENA to grow its services and offer additional investment…
- Bolt, the ride-hailing behemoth, has pledged €2.5 million to enhance gender diversity and encourage more women to enter the ride-hailing sector with its new “Women at the Wheels” campaign. In March 2023, a poll of 2,000 women in Europe and Africa showed that only 7.2% thought about driving as a way…
- Speedtest Intelligence says that in Q1 2023, Starlink in Jamaica was the fastest satellite provider in the Caribbean, with speeds of 83.79 Mbps. This was faster than all fixed broadband providers in Jamaica, and Starlink and Viasat were faster than all providers combined in the Dominican Republic.…
- The French development finance organization Proparco has invested $5 million into an early-stage venture capital fund that DisrupTech Ventures runs. This is to help Egypt’s fintech sector grow and make it easier for people in the country to get financial services. DisrupTech Ventures wants to give…
- In a blog post, Microsoft said that it is making ChatGPT-powered Bing available to the public.The company’s AI-powered search engine was first available in Limited Preview with a waiting list. It is now in Open Preview, which means everyone can use it. Also, the software giant has added more smart…
- Zone, Africa’s first regulated blockchain network for payments, has been crowned the Financial Times and Statista’s Fastest Growing Companies in Africa category winner. The company is the first blockchain startup in Africa and one of just a handful of Nigerian fintechs to make a list. The yearly…
- Tanzanian biotech company NovFeed has emerged as the winner of the Milken-Motsepe Prize in Agritech. The competition is meant to encourage technological advancement towards the UN Sustainable Development Goals (SDGs NovFeed beat out 3,300 other contestants from 105 countries on six continents to…
- Every day, South African mobile users run out of mobile data, which means that a lot of their digital marketing doesn’t work because they don’t have enough data. Nicholas Bednall, the chief commercial officer of MoyaApp, a well-known mobile start-up in South Africa, has raised this. According to…
- This week, the Federal Executive Council of Nigeria approved a national blockchain policy, making it the newest government to do so. Isa Pantami, the minister of communications and digital economy for a West African country, said that blockchain technology would help make sure data is correct and…
- The Central Bank of Kenya (CBK) has started a new system called the Kenya Quick Response Code Standard 2023 (KE-QR Code Standard 2023) to encourage mobile payments and internet transactions in the country. The project aims to enable different financial institutions in the country to work together.…
- Tarabut Gateway, the leading open financial platform in the Middle East and North Africa (MENA), received $32 million in an investment round known as Series A. Tarabut Gateway is the MENA region’s first and largest regulated Open Banking platform, serving as an AISP (Account Information Service…
- After getting $330 million in a Series F funding round, Zipline, a company that uses drones to transport medical supplies and blood, is now worth $4.2 billion. reta Even though most startup unicorns don’t have better valuations in the current market, the South San Francisco-based company was able…
- Sun King, an off-grid energy company, has bought PayGo Energy, a leader in pay-as-you-go technology for clean cooking, to help families in Africa and Asia switch from wood and charcoal cookstoves to ones that are cleaner and safer. Sun King wants to make various clean cooking products that LPG,…
