- While Stellenbosch in the Western Cape is well-known for its wine, the neighbouring Kayamandi is currently on track to become South Africa’s first smart township. This is described as an innovative community in which a combination of high- and low-tech solutions play a critical role in addressing…
- The Federal Ministry of Communication and Digital Economy’s National Information Technology Development Agency (NITDA) has announced the Blockchain Developers Scholarship to train 30,000 Nigerians on blockchain technology. Kashifu Inuwa CCIE, the Director General/CEO of NITDA, announced the scheme…
- Payhippo, a Nigerian credit-led SME fintech company, has said that it wants to buy Maritime Microfinance Bank (MFB). This bank specializes in saving products, demand deposits, investments, and micro and SME loans. The deal, which is more of an “acqui-hire,” will give Payhippo direct access to…
- The cryptocurrency platform Luno and the non-profit group FoodForward SA have joined forces to make it possible for South Africans to give money to charity using bitcoin. Andy Du Plessis, who is the managing director of FoodForward SA, says that using crypto for donations makes them more…
- West African private equity fund manager CardinalStone Capital Advisers (CCA) has invested $6 million in AfyA Care as part of the company’s Series A capital raise. AfyA Care is a healthcare group that offers hospital care, health insurance, and services related to health tech in Nigeria. The…
- SmallSmall, a property tech firm, has raised $3 million in seed funding to expand operations across Nigeria. The fund, made up of $2 million in equity and $1 million in debt, will help SmallSmall reach its goal of offering flexible, high-quality housing solutions and financing to people who want to…
- Five African startups have won cash prizes in the Orange Social Venture Prize (OSVP) in Africa and the Middle East. The OSVP was started in 2011 to recognize the best tech startup projects that help people or the environment in their region or align with sustainable development goals. The digital…
- Since its launch in Africa, the top global streaming platform Spotify has shown that it is committed to helping African creators advance their careers through on-platform and off-platform support programs. In line with this, the company has announced the Africa Podcast Fund, the first program of…
- Tobechukwu Okigbo, the Chief Corporate Services Officer (CCSO) of MTN Nigeria, has stated that investment by major Nigerian companies in startups will allow the ecosystem to grow. Okigbo talked about the current state of the tech ecosystem at the Technology Breakout Session Panel at the Ehingbeti…
- Classera, a global edutech e-learning company that focuses on emerging markets, has successfully closed a $40 million Series A round of funding, making it the largest funding round in EdTech history for a company with no previous funding. This is also the largest funding round in Edtech, MENA, and…
- Flourish Ventures, a global venture capital firm that invests in fintech entrepreneurs with a social mission, has started Madica, a structured investment program for early-stage tech companies in Africa. To help mission-driven and under-represented founders, the new sector-agnostic program will…
- South Africa’s financial conduct regulator says that cryptocurrency financial companies must apply for a license between June 1, 2023, and November 20, 2023, to operate legally. During a news conference, Eugene Du Toit, head of the Financial Sector Conduct Authority’s (FCSA) Regulatory Frameworks…
- Safaricom has announced the availability of 5G Wi-Fi, which will provide its users with speedy internet at home and business, complementing its expanding fibre network. Safaricom was the first service provider in Kenya to announce 5G trials in March of last year. This means that customers in 5G-…
- Coursera, a global online learning platform, has partnered with Nigeria’s National Information Technology Development Agency (NITDA) to help the country transition to a digital economy. This partnership was made official on Wednesday. The online learning platform will work with NITDA to give some…
- NTT Ltd,the parent company of Dimension Data and a leader in IT infrastructure and services, announced that its newest data centre would open in Johannesburg, South Africa. NTT’s plan to grow in Africa includes building the Johannesburg 1 Data Center. It will have a capacity of 12MW and cover 6,…
- An Egyptian fintech startup, Money fellows, has raised $31 million in its latest series B funding round. Commerce Ventures, Middle East Venture Partners (MEVP), and Arzan Venture led the funding round, including funds from National Investment Company (NIC), Invenfin, Sawari Ventures, and existing…
- The Catalytic Africa co-investment fund helped startups in 10 African countries in its first year. The fund was started by the African Business Angels Network (ABAN) and AfriLabs in 2019. They say that in the last year, they have finally closed deals in 10 countries. AfriLabs, a pan-African network…
- The Ecobank Group announced on Friday that ‘Touch and Pay,’ a Nigerian fintech, had won the 2022 edition of the Ecobank Fintech Challenge. The announcement was made at the program’s Grand Finale, held at Ecobank’s headquarters in Lomé and presided over by H.E. Cina Lawson, Minister of Digital…
- Mercy Corps and BFA Global are in charge of the Jobtech Alliance, an ecosystem-building project for inclusive job technology in Africa. Recently, they announced the launch of two programs: the Catalyst Jobtech Accelerator and the Jobtech Innovation Lab. These programs help digital platforms connect…
- South Africa’s e-commerce market has exploded and is expected to grow exponentially in the coming years. However, online retailers will need to improve not only their digital strategies but also their security measures, according to Gur Geva, co-founder and CEO of tech start-up iiDENTIFii. South…
- A newly established fund provides qualifying small and medium-sized enterprises (SMEs) in the agro-processing and manufacturing sectors with much-needed debt financing. The South African SME Debt Fund was started in the second quarter of 2022 with an initial capital of R400 million. It is a…
- Writing on the internet is at an all-time high, and more than ever, readers’ appetites for high-quality work has increased.Content platforms and collectives are being set up worldwide to help writers write high-quality content for a large audience. These companies and groups give writers an easy…
- Wasoko is the most valuable tech startup in East Africa. Zanzibar is using it as an anchor company to make the island the next place for tech talent and innovation in Africa. Zanzibar is hoping that more investors will be interested in business-to-business (B2B) e-commerce startups in Africa to get…
- According to an announcement by Co-Creation Hub (CcHub), in partnership with Google, Rwanda’s Ministry of ICT and Innovation, and Mojaloop Foundation, six companies have been chosen to participate in the second cohort of the Fintech Incubation Programme. The program’s first cohort of nine startups…
- Early-stage businesses that do business in francophone African countries can apply to Fuzé, a Digital Africa investment facility, for up to EUR50,000 (US$48,000) in equity capital. In 2018, President Emmanuel Macron started the Digital Africa initiative, a group backed by the French government that…
- Satgana, a Luxembourg-based venture capital firm that invests in climate technology, has announced the first closing of its fund. The fund’s goal size is EUR30 million (about $29 million), and Satgana plans to invest in Africa and Europe. Satgana intends to invest in entrepreneurs that provide…
- Many things can go wrong with a startup, but a lack of product-market fit could be the main. Hub One, an innovation hub run by Leadspace by Passion Incubator and owned by First City Monument Bank (FCMB), will host the ultimate product pitch session as part of its ongoing efforts to help the startup…
- MYDAWA, Kenya’s e-pharmacy platform, has created a Kenyan telehealth solution focused on HIV prevention. With financial backing from the Bill and Melinda Gates Foundation and collaboration from institutions such as the University of Washington, Jomo Kenyatta University of Agriculture and Technology…
- Andela, a global marketplace for technical talent who work from home, is now accepting applications for its upcoming EPIC Tournament. In collaboration with HackerEarth, the tournament will have the world’s best developers work in teams to develop solutions that will help the growing number of…
- Binance Charity, the company’s philanthropic arm, has teamed up with Utiva, a tech education company in Africa that helps young people learn tech skills. Binance is the world’s largest cryptocurrency exchange and blockchain infrastructure provider. The new partnership will teach technology to 50,…
- round Seqoon, an Egypt proptech co-ownership startup, has raised USD 500,000 in a pre-seed round through Banque Misr’s pilot program to assist innovative startups in Egypt. Other well-known angel investors from the MENA region also took part. Seqoon was started this year by Omar Eldessouky and…
- The Egypt-based debt advisory firm Ezdaher Financial Advisory has received EGP47 million in funding from Qatar National Bank ALAHLI (QNB ALAHLI) for a power purchase agreement (PPA) battery storage system. KarmSolar is a leading solar energy and multi-utility company. This is a part of Phase 2 of…
- i’SUPPLY, a digital B2B multi-seller marketplace for the pharmaceutical industry, has successfully acquired US$1.5 million in its pre-Seed fundraising round. The money will be used to connect pharmaceutical companies with small and medium wholesalers and pharmacies for financing. Disruptech…
- Gitex, an annual event in Dubai, United Arab Emirates (UAE), where big tech companies and start-ups show off their latest innovations, has announced that it will hold its first-ever event in Africa. This is because of the continent’s potential for technological progress and its growing desire for…
- Pillow, based in Singapore, has raised $18 million in Series A funding from Accel, Quona Capital, Elevation Capital, and Jump Capital. Arindam Roy, Rajath KM, and Kartik Mishra started the Pillow platform in 2021. More than 75,000 people use it in more than 60 countries to save and invest in…
- Large African companies often have trouble getting paid because the continent has many different currencies, government policies, and payment systems. Due to the continent’s varying currencies, differing government policies, and fragmented payment systems, large African organizations frequently…
- With Nigeria becoming the continent’s most thriving ground for tech startups and holding the record for the highest number of tech venture capital funding as of September 2022, It appeared that a piece of the puzzle is missing: a big government plan to grow and support the ecosystem. For years,…
- Moove, an African fintech start-up says it got £15 million (about $17 million) in debt financing from Emso Asset Management, bringing its total funding to $200 million. In July 2022, the company got $20 million in debt funding. The Lagos-based start-up, which has a growing customer base of mobility…
- Airtel Zambia has said that it has bought 60MHz of additional spectrum in the 800MHz and 2600MHz bands from the Zambia Information and Communications Technology Authority (ZICTA) for a total of $29 million, paid in Zambian Kwacha. Airtel Zambia said that it bought 60MHz of additional spectrum in…
- eFinance Group, a state-owned provider of digital payment solutions, has invested $5 million in Nexta, an Egyptian company that plans to launch its banking app in the coming months. This news comes after Nexta said in March that it had raised $2 million in a pre-seed round led by an Egyptian early-…
- Primedia, a media company in South Africa, said it had bought land in Africarare’s Ubuntuland metaverse. The company announced this at its first PrimeX event in Johannesburg. It said that the move was in line with the group’s strategy of entering new markets, expanding its content offerings, and…
- Founders focus on developing the best product and searching for clients at the start of their start-up journey. Isn’t this the essence of entrepreneurship? Yes, but only to a certain extent. When I started my first business at the beginning of 2017, I thought that being an entrepreneur meant three…
- A new e-commerce company called Bumpa just raised $4 million in its just completed seed funding round.Base 10 Partners led this round, and Plug & Play Ventures commerce fund, SHL Capital, Jedar Capital, Magic Fund, DFS Labs, FirstCheck Africa Angel Program, E62 Ventures, Club14, and Fast…
- Trella, an Egypt-based B2B truck-hailing platform, has announced that it has received a $6 million debt funding from ALMA Sustainable Finance (ALMA) and the US International Development Finance Corporation (DFC) to support its operations’ growth. Trella is a B2B technology platform and trucking…
- Spatialedge, a company that offers AI solutions, has bought Cape AI, a South African tech startup whose goal is to help businesses grow by giving them the tools they need to make intelligent decisions using AI technology. The company works with big data and applied machine learning. It is based…
- Kenzz, an en e-commerce platform based in the Egypt and MENA region, secures $3.5million in a seed funding round. The round was led by Outliers Venture Capital, a venture capital firm focusing on the MENA area. Some of the investors who are taking part are Samurai Incubate, Foundation Ventures, and…
- MaxAB, an Egyptian B2B e-commerce marketplace that connects food and grocery stores to suppliers in Egypt and Morocco, has announced that it has raised $40 million in a pre-Series A funding round. The funds will fuel its expansion across the MENAP region, finance growth in its e-commerce arm,…
- Maplerad, a Nigerian banking-as-a-service platform, has received seed funding of $6 million from a venture capital firm run by Peter Thiel. Kuda and Yellow Card were their first and second African investments. Additional investors in the round include Michael Vaughn, the former COO of Venmo,…
- Cameroon’s new business community prepares for this year’s Silicon Mountain Conference. This year, the focus will be on developing local solutions for a sustainable digital economy. It is said to be the biggest tech event in the country. The conference will take place in Buea, a city on the eastern…
- Wise Move, a start-up based in South Africa, is preparing to shake up the transportation industry with the launch of a brand-new platform. After being developed for many years, it is now through a period of fast expansion and processing hundreds of movements. The Startup is not only being widely…
