Tech In Africa

8 Apr 2023 - Cryptocurrency is becoming a popular mode of payment globally. However, many countries have yet to regulate this new form of currency.  In Namibia, the legal status of cryptocurrency payments is still a gray area. This article delves into the current state of cryptocurrency payments in Namibia. No…

7 Apr 2023 - According to TechCrunch, London-based fintech Verto gained a quarter of Silicon Valley Bank’s customers from Africa and the Middle East following the bankruptcy of the U.S. bank last month. Verto offers a cross-border platform that helps startups, SMEs, and large corporations send, receive, and…

7 Apr 2023 - The number of fintech companies in the kingdom grew by 79% from 2018 to 2022. By August 2022, there were 147 active firms in the field, compared to just 10 in 2018.  Between September 2021 and August 2022, SAR 1.5 billion ($402.2 million) was invested in the field. A study by the Fintech Saudi…

5 Apr 2023 - Peach Payments, a South African fintech company, has raised $31 million in a Series A funding round led by Apis Partners. This money will help the company grow its product line and speed up its growth across Africa. The startup gives businesses a full set of tools for accepting, managing, and…

5 Apr 2023 - Novastar Ventures, a pan-African venture capital firm, has received a $25 million equity investment from the US International Development Finance Corporation (DFC) for its Africa People + Planet Fund, which aims to assist startups in developing agriculture and climate solutions. Novastar’s new fund…

4 Apr 2023 - SpaceX’s Starlink internet service is gradually moving into the continent of Africa, starting with Nigeria and Rwanda. A recent article shows that 64.4% of the world’s population makes use of the internet with Africa being the third largest user. Given the disparity in the accessibility of the…

4 Apr 2023 - The South Africa Competition Commission has taken steps to conduct a market inquiry into the dissemination of media content on digital platforms. This investigation examines the current market characteristics that influence digital platforms that disseminate news media content, which could impede,…

4 Apr 2023 - Shuttlers, a Nigerian mobility startup, has raised $4 million in a round-headed by Verod-Kepple Africa Ventures, with involvement from existing investors such as VestedWorld. Shuttlers has now collected over $5.6 million in total funding. CEO Damilola Olokesusi started the business in 2016. It runs…

4 Apr 2023 - Yellow, a firm that works to make energy and internet connections in Africa more affordable and reliable, has made a statement about its Series B equity round.  Yellow has partnered with Energy Entrepreneurs Growth Fund (EEGF) through Triple Jump B.V., enabling the company to continue expanding and…

4 Apr 2023 - Ramp, a global decision science start-up headquatered in the United Kingdom, recently raised $5 million in seed financing. AlbionVC headed the seed funding round, with Eurazeo also participating. The extra funds will be applied to speed up the onboarding of new customers. Why the Investors Invested…

4 Apr 2023 - There are bugs on the way to your plate! And not just as a funky addition to your salad; they’re the future protein source, and Maltento, a South African GreenTech company, is leading the way. Maltento is turning organic waste into protein-rich biomass using the larvae of Black Soldier Flies (BSF…

4 Apr 2023 - Paymenow, The largest Earned Wage Access (EWA) firm in South Africa, received an  R250 million (USD14 million) loan from Rand Merchant Bank (RMB). This is a big step forward for the EWA market in South Africa.  EWA lets workers take out a portion of their earned wages before the end of the payroll…

3 Apr 2023 - Camel Ventures, based in Egypt, has revealed the launch of Camel Ventures for Investment I, its first venture capital investment vehicle. (CVI). The EGP 500 million (about $16 million) fund finances the country’s fintech startup ecosystem. It does this through various equity investments and venture…

3 Apr 2023 - To address this gap, Moni has built a risk engine that combines financial data and business performance with social intelligence to enable more effective credit decisions for African SMEs Starting with Nigeria, small company owners with an excellent social reputation only need an invite from an…

3 Apr 2023 - The 12 startups chosen were GroIno, Gokaden, Paramedic, Retco, BlueDove, Deepleaf, PopCard, Matricis.ai, Tinkiet, Exwayz, Entroview, and Qaal.  The startups being incubated are either from Africa or Europe. They were started by Moroccans who want to grow their businesses in Africa and the Middle…

3 Apr 2023 - The International Development Association (*IDA) will pay for the Mozambique Access to Finance and Economic Opportunities Project (Mas Oportunidades) with a $300 million credit accepted by the World Bank Board of Directors yesterday. The project will run for six years, from 2023 to 2029. Idah Z.…

3 Apr 2023 - On March 30, 2023, Kenya’s President William Ruto said that as of July 1, 2023, startups based in Kenya would not have to pay taxes on unrealized gains.  The president said this at the American Chamber of Commerce Regional Business Summit  held at the Ole Sereni Hotel in Nairobi. He said his…

3 Apr 2023 - Goodwell Investments and the Dutch organization Oxfam Novib have joined forces to make Pepea a €20 million ($21.7 million) fund that will give money to new businesses in Kenya, Uganda, and Ethiopia just starting. Pepea will offer companies in the sustainable agriculture, energy, clean mobility,…

2 Apr 2023 - The CHIL Femtech Center, part of the CHIL AI Lab Group, has released a new telemedicine technology that will help kids in schools across Africa get medical care. Students will have full-time access to online doctors through the company’s product. This is important because more than 80% of schools…

2 Apr 2023 - According to WeeTracker report, Nigeria-based business banking startup Moniepoint is poised to acquire Rwandan neobank Payday in a cash-plus-equity transaction valued at less than $40 million. The deal seems to have been agreed to in principle at the end of Payday’s $3 million seed round, which was…

1 Apr 2023 - The European Union has provided Kenya with Ksh 50 billion, equivalent to $378 million, to facilitate the electrification of the public transportation infrastructure in that country. Because of this investment, Kenya will be able to construct the infrastructure required to improve the effectiveness…

1 Apr 2023 - Nasdaq-listed Swedish health-tech company Olink said that the regional proteomic facility D-CYPHR in Cape Town, South Africa, has started using Olink technology to study tuberculosis and other diseases. The building was the first place to offer services for the Olink® Target 96,  Target 48, and…

1 Apr 2023 - The International Diabetes Federation says diabetes will kill about 96,000 people in South Africa in 2021. Also, 1 in 9 adults South Africans have the disease, but 45.4% of those with the disease in the country don’t know they have it. In the past few years, many health tech companies in the…

1 Apr 2023 - HousevAfrica, a Nigerian proptech startup, got $400,000 in funding to back its digitalization and transparency tools for real estate and also to increase its staff. Sytemap.com, its flagship product, combines blockchain technology and maps to create a private land registry by buying and selling…

31 Mar 2023 - Payday, a Nigerian neo-bank that enables Africans to access global accounts denominated in EUR, USD, and GBP, has announced that it has raised $3 million in a seed funding round led by Moniepoint. The funding round was initially to raise $1.5 million which it has exceeded. Other investors involved…

31 Mar 2023 - WhatsApp has introduced its official account of its chat app, which enables users to receive updates and tips about the social platform. WABetaInfo reported that the feature is available for iPhone and Android users who have the latest version of WhatsApp. However, it is reported to be available to…

31 Mar 2023 - For many years, traveling and migration have been a continual practice, as individuals usually move for different purposes, including to gain a global credential, to work or link up with family abroad, to flee a crisis from their native country, to adjust their setting or become exposed to and…

31 Mar 2023 - Twitter has chosen to eliminate the “legacy” blue check mark badge for verified accounts on the first of April. The purpose of this is to make the account verification process more transparent and better organized. The blue checkmark badge Twitter introduced in 2009 has become a well-recognized…

31 Mar 2023 - DFS Lab, a fintech incubator cis working with the Stellar Development Foundation to start a fund for African start-ups that want to change how digital payments work. The DFS Lab Stellar Africa Fund I will give money to teams and builders in Africa that are promising and are building on the Stellar…

31 Mar 2023 - Uber is working hard to reach its goal of zero pollution by 2040. This goal was made three years ago. Jennifer Vescio, Uber’s chief business development officer, says that the company is counting on its partners, like lawmakers and car makers, to adopt electric-vehicle technology to reach its goal…

31 Mar 2023 - Nigeria’s newly announced President-Elect, Bola Ahmed Tinubu released an 80-page manifesto in October 2022 which expresses his plans for the technology sector titled, “The Digital Economy: Taking advantage of the Fourth Industrial Revolution.”  Note that the President-Elect, is a two-time governor…

31 Mar 2023 - Reports from the Nigerian Communications Commission inform us that Nigeria loses over $500 million years because of cybercrime. In light of this, Mastercard has partnered with NowNow, a Nigerian digital payment start-up that helps small and medium-sized enterprises (SMEs) lower the risk of…

31 Mar 2023 - Social media has transformed the way businesses connect with their target customers around Africa and even the world at large. This depth of digital penetration has caused many businesses to leverage the force of social media to their advantage when marketing value to potential customers. A recent…

31 Mar 2023 - Guardrisk has launched a new Initiative called LAUNCHPAD which aims to support insurtech Startups. They are a South African cell captive insurance provider with a budget of ZAR50 million($2.8 million) and are on the lookout for partnerships with venture capital investors. A Partnership with them…

29 Mar 2023 - Twitter is looking for someone who leaked some of its source code and put it on GitHub, which Microsoft owns.The New York Times says the code had been online for months until Twitter took steps on Friday to remove it. Executives into the situation claim that the leak may have been caused by a…

29 Mar 2023 - Lagos-based Fez Delivery got $1 million in seed funding from Acasia Ventures, Voltron Capital, and angel investors, who pan-African investor Ventures Platform led. Seun Alley, a former banker who has worked at Nigerian startups like OPay and Bloc, started Fez Delivery in 2020. The company says that…

29 Mar 2023 - Kora, a pan-African payments infrastructure, has introduced USD card-acquiring to enable merchants on its platform to accept US dollars. This move aims to allow Kora’s merchants to build truly global businesses, accelerating Africa’s involvement in international trade. Sandra Israel-Ovirih, in…

29 Mar 2023 - Côte d’Ivoire has passed a new law called the Ivorian Startup Act, which is meant to help the most potential startups in the country. It  is part of the country’s plan for national growth, which puts a lot of emphasis on new technologies and startups with a lot of potential. The Startup Act is…

29 Mar 2023 - The Africa Women Innovation and Entrepreneurship Forum (AWIEF) has said that registration is now open for its annual conference and awards. On November 9 and 10, 2023, the legendary AWIEF event will take place at the Kigali Convention Center (KCC) in Kigali, Rwanda. This event is happening for the…

29 Mar 2023 - The South African venture capital firm Kalon Venture Partners wants to form a $50 million fund to invest in African firms outside of South Africa. Kalon was started in 2016, and it invests in startups that have already started making money and have the potential for significant growth and impact.…

27 Mar 2023 - Over the last few decades, the city of Lagos, located in Nigeria and home to no less than 425 different startup companies, has developed a reputation for being one of the most important centers for innovation and entrepreneurship in all of Africa. Nevertheless, one state, in particular, has…

27 Mar 2023 - WomHub is an innovation, and women started coworking space in Cape Town. It is now available to the public. The space aims to give women entrepreneurs, freelancers, and professionals a workplace and a community to support them. WomHub is a coworking space in the center of Cape Town. It is…

27 Mar 2023 - To bring digital excellence to Azule Energy’s operations and activities, the world’s leading industrial software provider encouraging innovation and sustainability has teamed with Angola’s largest independent oil and gas operator. The partnership agreement will enable Azule Energy – a 50/50 Joint…

27 Mar 2023 - More than 88,500 telecom operators, entrepreneurs, corporations, and governmental institutions came to the event in Barcelona to network and make relationships that matter through connectivity. The event is put on by GSMA, a group of mobile network carriers from around the world. In September, the…

26 Mar 2023 - Nanobank, a lending business formed by combining its micro-lending business with Mobimagic’s point-of-sale business, sold out most of its business in Asia to Opay in exchange for shares for an undisclosed private equity firm. For Opera, the consumer internet brand to increase its stakes in Opay, it…

26 Mar 2023 - African investment firm ShEquity Partners, which focuses on women, has started accepting applications for the fourth round of the ShEquity Business Accelerator. (SHEBA). ShEquity is an investment organization that puts money into innovative, effective, and scalable businesses operated by women in…

26 Mar 2023 - Factor[e] Ventures has announced the creation of Delta40. This new venture studio will focus on developing and investing in technology-driven businesses in Africa to boost local incomes and combat the effects of climate change. Delta40, led by seasoned entrepreneur Lyndsay Holley Handler, wants to…

26 Mar 2023 - A robust market intelligence strategy gives startups a constant bird’s-eye view of the market.With a bird’s-eye view of the market, your organization can remain strong in volatile marketplaces, quickly pivoting as necessary. Most product sales in emerging areas like Africa happen offline. This is…

26 Mar 2023 - JP Morgan, the biggest bank in the United States and the world based on market capitalization, now had  a regional office in Nairobi, Kenya. The American banking giant is present in Nigeria, Egypt, South Africa, and Kenya. These countries are referred to as “the big four” because of their highly…

26 Mar 2023 - Airtel Mobile Commerce Uganda Limited (AMCUL) has launched a new partnership with Prudential Assurance Uganda Limited and Turaco Insurance Brokers Ltd. This cooperation aims to make it easier for low-income families and underserved communities in Uganda to get insurance. The new hospital cash…