- 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…
- Ride-hailing drivers in Nigeria have returned to work after a week-long strike, but some of their demands have still not been met. The drivers went on strike last week to protest low fares and high commissions charged by ride-hailing companies, such as Bolt and Uber. They also demanded that the…
- Electronic sports (eSports) is a rapidly growing industry that is gaining popularity around the world. In Africa, eSports is still in its early stages, but it is growing fast. Several factors are contributing to the growth of eSports in Africa, including: A growing population of young people:…
- E-hailing drivers in South Africa are facing an uncertain future after a recent ban on their operations in Soweto malls. The ban, which was agreed upon by the Soweto United E-hailing Association, the Soweto Taxi Association, and other stakeholders, is expected to last for three months. The ban…
- Kenya and South Korea have signed a memorandum of understanding (MoU) to build smart cities in Kenya. The MoU was signed by the Kenyan Ministry of ICT and Digital Economy and the Korea Trade Center Nairobi (KOTRA). The MoU will see the two countries cooperate on some projects, including: The…
- LetsChat, a new messaging app from TikTok’s parent company ByteDance, has been downloaded over five million times since its launch in 2021. The app is designed for young African users and offers several features that are not available on WhatsApp or Telegram, such as free voice and video calls,…
- In an unexpected move, the government of Nigeria has passed a new law that will tax cryptocurrencies although crypto experts say it could fail The Central Bank of Nigeria prohibited people from trading cryptocurrencies in 2021. On the eve of leaving office in 2023, the Buhari-led government, which…
- This startup thinks that people’s communication in Africa should be very different. So they are getting their hands dirty with new help worth millions of dollars. If the pan-African communication platform-as-a-service (CPaaS) company Termii had its way, digital communication in Africa would be…
- A school in the township of Zwelethemba near Worcester, in the province of Boland, sends 16 students to the United States to participate in an international robotics competition According to SABC News, this is because a math teacher named Kudakwashe Takawira started a “Science, Technology,…
- Do you want to see King Charles and Queen Camilla do some cool dance moves at the party after they were crowned king and queen? Pope “P. Diddy” Francis wore a puffy jacket.? It’s all in a day’s work for today’s smart image-generation bots, which give some people a fun way to express their…
- Nigeria’s lack of cash has led to a rise in digital payments, and fintech companies have been very important in meeting the growing demand. Mxolisi Msutwana, the chief operating officer of Baxi, says that as the country moves toward cashless transactions, digital payment providers are taking the…
- Maltento, a business that wants to find functional compounds in insect-based feed solutions, just finished a $3.3 million capital raise with Sand River Venture Capital. The investment is a big step forward in the company’s goal to create new and sustainable solutions for the animal feed market. We…
- Digital Africa, a leading group that promotes technology advancement and innovation in Africa, is excited to announce that it will invest in the Ivorian startup Fatala Digital House. This strategic partnership aims to speed up the digital change of European and African businesses, primarily by…
- Zindi, as a founding member of the South African Artificial Intelligence Association (SAAIA), is taking the initiative to further AI education and re-skilling in South Africa. Launching SAAIA aims to get people to see AI as an important tool for education and social change. AI can improve economic…
- I’M IN, a leading platform for would-be entrepreneurs has launched a new partnership with Telkom FutureMakers. This gives its ideation program another well-known funder. This relationship shows it is even more dedicated to encouraging creativity and providing female students with the tools to…
- Did you know that the Digital Sprinters study says digital transformation could help Africa grow its economy more quickly? One important thing is to work on developing skills, especially in safety. Cybersecurity Ventures says there are about 3.5 million job openings in this field, a 350% increase…
- TechCircle, a tech-enabled builder based in Nigeria, has launched the 3rd edition of PITCH2WIN, its flagship startup competition, to help early-stage startups and founders in the ecosystem sector get noticed. The company has invested more than $200 million in African startups like Reliance Health,…
- Even though there was a lack of funding worldwide in 2022, African startups collected more money than they had in previous years. Africa’s tech ecosystem continues to draw attention worldwide because of its smart tech entrepreneurs. These entrepreneurs are building clean-tech solutions to climate…
- To provide a solution to faster healthcare services, Siemens Healthineers, a pioneer healthcare technology, has decided to work with a German drone manufacturer and service provider Wingcopter. The duo signed a Memorandum of Understanding (MoU) to develop a drone delivery solution that could…
- The global blockchain gaming market is projected to witness remarkable growth in the next seven years, reaching a value of $300 billion. Experts and industry analysts anticipate this surge to be fueled by the adoption of blockchain gaming by traditional gamers, as highlighted in a report from…
- The Google for Startups Growth Academy has launched a new program called AI for Health, aimed at supporting high-potential startups in Europe, the Middle East, and Africa that are dedicated to leveraging AI technology in the healthcare sector. This initiative is part of Google’s ongoing efforts to…
- In a world where traditional systems in politics, finance, e-commerce, and healthcare are showing signs of failure, the importance of blockchain technology is growing. With its ability to provide secure, transparent, and immutable transactions, blockchain has the potential to revolutionize…
- Unique Personal Identifiers(UPI) have soared as a new means of identification in Kenya. The government chose this method as opposed to the previous Huduma Namba whose implementation was hindered by court cases and a lack of clarity The objective of this new identification technique is to Provide…
- BasiGo an e-bus company in Kenya, has earned a name for itself after launching Nairobi’s first public fast charging station for electric buses. The Kenyan-based company was able to achieve this after the implementation of the new e-mobility tariff and its approval from the Energy and Petroleum…
- Nigerian e-health company Helium Health has received US$30 million in Series B funding to grow its fintech product, HeliumCredit. AXA IM Alts led this round of funding. Capria Ventures, Angaza Capital, Anne Wojcicki, and Flatworld Partners were also investors in this round. Some current investors…
- AI is changing how we work, live, learn, and talk to each other. LetzChat is a revolutionary tool that uses AI to translate live and in real time between 104 different languages and all kinds of communication. As of June 5, 2023, the platform teamed up with Managed Health, a well-known employee…
- The coffee industry is the second biggest after oil, but it has been split up for a long time, even though it is one of the fastest-growing industries worldwide,The Middle East and North Africa. In the Middle East, coffee has become one of the businesses many startups focus on, with most…
- Early this year, Elon Musk’s internet company, Starlink, started offering services in Nigeria. Nigerians have found it hard to buy the device and pay the monthly service fee because the country does not allow domestic cards to be used for foreign transactions To fix this problem, Starlink told its…
- About one-third of the people in Kenya need access to power. Even though solar energy is clean and reliable and can save homes and companies in Kenya money in the long run, many Kenyans can’t switch to it because the equipment costs a lot upfront Sun King, a leading provider of solar energy…
- Yellow Card, a leading pan-African fintech and cryptocurrency exchange, and Tether, the world’s biggest stablecoin provider, are happy to say that Phase 1 of their strategic partnership in three vital African markets has been completed successfully. The goal of the two-month partnership was to make…
- Since cyberattacks are worsening, more African countries must protect online from hackers and scammers. Techloy said last week that Nigeria had a large rise in data breaches, with 82,000 accounts leaked in Q1 2023. To protect Ghana’s financial institutions from this danger, the Bank of Ghana (BoG)…
- WhatsApp is adding many new features again, which seems to happen constantly. I’ve never had to update my WhatsApp app this often. It looks like there are changes for WhatsApp all the time now. The ability to share your screen is one of the newest features. After pressing the screen sharing button…
- n Tobi’s last year as a medical student, he persuaded his university to make a learning management system for anatomy classes, which were very dull. Now, he’s using AI to help African doctors access their medical information faster. Nigeria, which has the most people in Africa, needs 363,000…
- The Azur Innovation Fund, a public-private investment fund that helps finance innovative new businesses in Morocco, stays committed to helping young businesses. After investing $1.1 million (11 million Moroccan Dirhams) in PrestaFreedom, a home services platform for individuals that offers…
- In 2019, A16z said that shortly, every company would be a fintech business. In another way that this forecast is coming true, MultiChoice Group, which owns media companies like DStv and SuperSport, is getting into fintech by starting a new joint venture to build an integrated payment platform for…
- The digital asset market place Patricia said that Bitcoin and naira assets were lost because of a security breach. The cryptocurrency platform said that its program for retail trading, Patricia Personal, had been hacked, but other crypto assets were not affected. As a result of the breach,…
- In Africa, many people get paid once a month. But what if you need money before your next paycheck? In the past, an employee had to borrow money from a bank or company. But these choices can be costly and take a long time. That’s where companies that make it easier to get paid come […] More
The…
- Wasoko is a B2B e-commerce startup that has been operating in Africa for seven years. The company has expanded into seven countries across East Africa, francophone Africa, and most recently, Southern Africa. Wasoko is the most funded B2B e-commerce startup in Africa, and its founder, Daniel Yu,…
- Artificial intelligence (AI) is rapidly changing the world, and education is no exception. In Africa, where access to quality education is often limited, AI has the potential to revolutionize learning and make it more accessible to everyone. There are already several ways that AI is being used in…
- Kunda Kids, a London-based startup that Africans run, has recently reached a big milestone. They finished a pre-seed fundraising round successfully and got a massive $700,000 to help their cartoon series based on African music grow and expand. With more money coming in, Kunda Kids can improve their…
- On May 17, 2023, the interim government of Guinea ordered a fresh internet shutdown ahead of two days of anti-government protests. The move is likely intended to discourage the planned demonstration and make it difficult for citizens to share information on social media platforms. This is not the…
- Zydii, a new Kenyan platform that is changing how employees are trained by offering digital soft and technical skills classes. It has recently gotten a lot of pre-seed funding, but the exact amount is still a secret. This exciting change was made public on May 17, which brought the attention of…
