- The Nigerian government and Microsoft Corporation have signed a Memorandum of Understanding (MOU) to train five million Nigerians in high-demand technology skills that will help them advance in their careers. Professor Isa Pantami, who serves as Nigeria’s Minister of Communication and Digital…
- Food and the things we eat have shaped human history, culture, diversity, and aesthetics. It is critical to our survival. It brings people together. It establishes cultures. People in over 150 countries started a movement on October 16, 1979, to celebrate World Food Day. They did this to raise…
- At GITEX Global 2022 in Dubai, ShapShap, a Startup from Nigeria, won the $8,000 prize for the Supernova – Mobility and Smart Cities Innovator contest. This was a big win for both ShapShap and Nigeria. Khalil Halilu started ShapShap in 2019 as an on-demand delivery service that uses data and mobile…
- Herconomy’s pre-seed raise will go down in history. The Startup’s funding story stunned the tech community last year. Within 24 hours of its founder, Ife Durosimi- Etti’s Instagram post, the community-based Startup raised $600,000 in funding to scale its SaaS product, which provided women with…
- FlapKap, an Egyptian revenue-based financing platform, announced the completion of its $3.6M seed round, which included investors Bolt by QED, Nclude, Outliers, and A15. In a statement, Flapkap said it would use the money to help more e-commerce businesses in the MENA region grow and scale. The…
- Be Mobile Africa has launched a new multi-currency business banking platform for African businesses. Customers can apply for and open USD and EUR business accounts within 48 hours without visiting a bank branch in person. The new service from the neobank will make it easy for businesses to manage…
- Roboost, formerly known as Tayar, is an Egyptian technology start-up. It has raised a six-figure seed round from Falak Startups and AUC Angels. It also received additional funding from Flat6Labs. The company didn’t say how much money was raised in the most recent round. Roboost is an AI-powered…
- A South African mobility tech start-up with intentions to digitize the country’s notorious minibus taxi business has acquired an unknown amount of pre-seed funding from top angel investors. According to Loop founder Imtiyaaz Riley, this enables the company to roll out geolocation technologies and…
- The finalists and winners of the 2022 AWIEF Awards were revealed at a glamorous event on the rooftop of The Nile Ritz-Carlton in Cairo, Egypt. The AWIEF Awards Ceremony and Gala Dinner were the final events of the two-day AWIEF2022 Conference, which was hosted for the first time in North Africa.…
- Geidea, one of the largest Fintech companies in the region based on market share, has announced a strategic partnership with Visa, the world leader in digital payments, to bring Geidea’s advanced payment solutions to the Egyptian market. As part of the strategic partnership, Visa will invest in…
- On Friday, 14 October, South Africa’s payments and digital commerce ecosystem leaders will assemble for the inaugural Scale Summit. The event, hosted by payments fintech startup Stitch, will focus on optimizing money mobility for long-term growth. The Scale Summit will be held in Cape Town at The…
- Although Rwanda is a small nation, it is swiftly growing into a significant African innovation hub by thinking outside its borders. Sissel Hansen starts now. The country has a population of 13.58 million people, 60% of whom are youth. According to the 2020 Global Gender Gap Index, Rwanda ranks…
- The founders of three Nigerian start-ups are among the six ocean-minded entrepreneurs chosen for OceanHub Africa’s third cohort. They were selected from among 128 candidates from 33 nations to participate in an eight-month acceleration program. OceanHub Africa (OHA) is said to be the first and only…
- Over 600 people will be in Abidjan, the commercial capital of Côte d’Ivoire, for the Next Fintech Forum, which is the largest fintech event in Francophone Africa. This year, it will be held at the Radisson Blu Hotel on November 22 and 23. The organizers say that the 2022 event will have a market…
- Drug and medical equipment shortages in Rwandan health institutions are becoming a thing of the past, thanks to an innovation addressing procurement constraints. Viebeg Technologies, a Health Tech company, backed by venture capital, is making it easier for more people in Central and East Africa to…
- Google has built a new cloud region in Cape Town, in the country of South Africa. This move aligns with the company’s mission of helping Africa flourish digitally. Being the first of its kind in the area, Google joins companies like Amazon Web Services (AWS) and Microsoft Azure that have already…
- As part of its ongoing efforts to decrease its carbon footprint and assist Nigeria in meeting its quota for the UN Sustainable Development Goals (SDGs), Treepz Inc, a leading mobility platform, has teamed with FEMADEC Group to deploy natural gas-powered mass transit buses in Lagos, Nigeria, via its…
- Purple Elephant Ventures (PEV), a tourism-focused adventure studio in Kenya, has raised $1 million in seed funding to build the next generation of startups using technology to modernize the travel industry. Klister Credit Corp, a Canadian investment firm, The Untours Foundation, and several angel…
- Errandlr is a technology startup with headquarters in Nigeria that provides its services to businesses in the retail and logistics industries. You can compare ErrandLR to Paystack in terms of the logistics industry. Babajide Fowotade and Adeniyi Ibukun started the company in April 2021. One of…
- Thursday was the official launch of Kenya’s Safaricom’s Ethiopian network. Safaricom is the first private operator in one of Africa’s biggest telecoms markets, and the Ethiopian government was happy to see M-Pesa come to the country. The launch of Safaricom Ethiopia comes after a pilot program in…
- The eighth Africa Fintech Summit, held in Cape Town, South Africa, from November 2–4, 2022, will bring together fintech stakeholders worldwide. The venue for the conference is the Cape Town International Convention Centre. It is thought to be the leading fintech event in Africa. Through plenary…
- Today, Lipa Later Group, a buy now, pay later (BNPL) company, announced a partnership with Lami Technologies, an insurance technology company. This partnership will give Lipa Later Group’s customers access to reliable and affordable insurance for all products they buy through the Lipa Later…
- The world’s largest tech and start-up event, Gitex Global 2022, is coming back. The digital economy around the world is moving at full speed. The event will start next week in Dubai and focus on Africa’s tech ecosystems. The event’s ongoing expansion, according to organizers, includes the…
- Chari, a Moroccan B2B e-commerce company, received an extra $1 million in funding from Endeavor Catalyst as part of its series A extension. The most recent funding comes from Chari’s Series A round. Chari is an e-commerce app started in 2014 and aimed at small grocery stores in French-speaking…
- The Rwandan Startup Ecosystem is a new center for innovation that is ranked number 84 in the world and has dropped 15 places since 2021. It is perfect for Fintech, Software, Data, and Food-tech startups and ranks third for Eastern African startups. The best city in Rwanda is Kigali, ranked number…
- Microsoft is stepping up its cooperation with the bank to support the African Development Bank’s Youth Entrepreneurship Investment Banks (YEIB) Initiative. Through its African Transformation Office (ATO), Microsoft will work with the bank to create ecosystems for young entrepreneurs, jobs, and a…
- The municipality of Belp in Switzerland is located in a charming rural area characterized by a unique natural landscape preserved. Belp has a population of 11,500 people living in a 23.3 km2 area. Despite being only 15 kilometers north of Bern, Belp has substantial accessibility challenges in urban…
- Talk360, a South African app that makes international calls cheap and reliable, has raised an extra $3 million, bringing its seed round total to $7 million. This is almost five months after it closed its first seed round. Talk360 will use the money to grow its market share in South Africa, speed up…
- Numida, a Ugandan fintech firm, has received $12.3 million in equity and debt pre-series A investment to scale the continent. Serena Ventures led the round, and investors, including Breega, 4Di Capital, Launch Africa, Soma Capital, MFS Africa, and Y Combinator, participated. In addition, it was…
- Contact Financial Holding, Egypt’s non-banking financial services organization, collaborates with Trella via four subsidiaries: Contact Factoring, Contact Leasing, Contact Credit, and Contact Creditech. Each agreement gives Trella a customized way to pay for its working capital, carrier base,…
- The scheduling startup Calendly, valued at $3 billion, has recently acquired Prelude,a firm with a focus on the recruitment process. Prelude is designed to make it easy to set up job interviews and other meetings related to hiring. While announcing the acquisition, Tope Awotona, CEO of Calendly,…
- Paymob, an Egyptian shopping and payment app, has teamed up with Tabby, a buy-now-pay-later (BNPL) platform based in Dubai. This will help Egyptian retailers grow by letting businesses in Paymob’s network use Tabby’s split-in-four, interest- and fee-free payment solution through Paymob’s gateway.…
- In a pre-seed round, Partment, a PropTech company that lets people share second homes, raised $1.5 million. Nclude, a venture capital platform that focuses on investing in FinTech firms in Egypt and the MENA region, as well as Plus Venture Capital (+VC), a venture capital firm centered in the MENA…
- The world is quickly becoming more aware of the gender gap, and country leaders, investors, and company boards are behind it, pushing for more diversity and less of a gap between men and women in the funding landscape. Things are moving slower in Africa, the second most populous continent, where…
- SweepSouth, an online home services platform with a presence across Africa, announced today that it had completed an investment round with a total value of US$11 million. The round was led by Alitheia IDF (AIF), which is Africa’s first and largest gender-lens private equity fund. Since the previous…
- The biometrics tech company iiDENTIFii has raised $15 million in a growth capital round led by African investment company Arise. Rabobank Partnerships, Norfund, NorFinance, and FMO are also investors in the round. Additionally participating in the financing were the growth-stage private equity…
- Sendy is a tech startup that makes simple tech solutions to help businesses sell, move items, and get financing. Through a partnership with Meta and the Innovation Growth Hub (IGHub), Sendy is giving free training to SMEs on how to grow their businesses. Small and medium-sized businesses (SMEs),…
- With the launch of the Global Innovation Alliance (GIA) pilot acceleration program in Cape Town, tech startups in Singapore will have better access to innovation and business partnership opportunities in South Africa. The GIA program is run by Grindstone, a top accelerator in South Africa. It is…
- Liquid Intelligent Technologies (Liquid), based in Africa, made the official announcement today that it has completed the delisting of Israeli technology company Telrad and acquired 100% of its shares. In the future, Telrad will operate as a subsidiary of Liquid, a subsidiary of the Cassava…
- Because of a lack of digitalization and sub-optimal business practices, eighty percent of Nigeria’s forty million micro, small, and medium enterprises (MSMEs) struggle to survive beyond their fifth year. Pastel is a company that three graduate students founded at Stanford University. These…
- PixelBlue, the company that owns South African agritech startup Homefarm, says it raised R1.7 million (about $104,000) in seed funding to make it possible for people, communities, and businesses to grow more fresh food where it is eaten. CapaciTech, a company that invests in new businesses, is one…
- As the explosive development of fintech continues, as well as the emergence of decentralized finance (DeFi), which is growing in popularity across Africa, on September 27 and 28, 2022, the West Africa edition of the Africa Money and DeFi Summit will take place in Accra, Ghana. This is where the…
- South African investment firm Toto Consortium has offered to purchase the government’s 40.5% ownership in Telkom, the country’s third largest mobile network provider. The bid is for $433 million, equivalent to R7 billion. According to the offer letter dated July 24 obtained by Bloomberg and…
- Convertedin, an Egyptian startup company that runs a marketing operating system for e-commerce firms, has completed a seed round funding investment of $3 million, spearheaded by Saudi Arabia-based Merak Capital. 500 Global and MSAS are two other investors who participated. The firm announced its…
- Jumia, the leading e-commerce platform in Africa, has announced establishing a quick commerce platform in Nigeria that will be known as Jumia Food Mart. This move was made to satisfy the growing demand from customers for more suitable delivery options. The action will make it possible for customers…
- Egypt’s business BONBELL, the first mobile App in the Food-tech industry specializing in food ordering and digital solutions for table and meal reservations, has concluded an initial investment round for $350,000 thanks to a Canadian Angel investor. This funding will contribute to the continued…
- An agreement has been signed between the e-payments and finance platform Geidea and GrubTech, a cloud kitchens provider and restaurant IT solutions in the United Arab Emirates. This will allow Geidea to offer its services to the back-of-house systems of GrubTech’s customers. According to GrubTech,…
- The Chat for Impact Accelerator is a program that gives organizations working for social change access to $500,000 in funding and further assistance to help them maximize their influence on WhatsApp and is currently accepting applications. To be considered for the accelerator’s iteration in 2022,…
- SEACOM, a company that operates cable networks in Africa, and British Telecommunications (BT) jointly made the announcement of a strategic alliance that would equip SEACOM with BT’s cybersecurity solutions to provide new networking, security, and communications solutions to enterprise customers in…
