- Airtel Africa is one of the largest telecommunications groups in Africa. It has offices in 14 countries. Citi, through its branch offices and subsidiaries in sub-Saharan Africa, signed a $125 million revolving credit facility with the company today. This facility, which will contain debt…
- Grindstone, an accelerator situated in Cape Town, recently announced the 25 companies that will participate in its year-long program that aids high-growth technology-based startup businesses that are motivated by innovation to become more sustainable, ready to exit, and investable. The program…
- Elloe, a conversational e-commerce firm, has announced that it has acquired Flo by Saada, a Kenyan social commerce startup established by Gershon Mwaniki. The amount of the acquisition was not announced publicly. The social commerce firm that was just bought makes it possible for small and medium-…
- The Nigerian cryptocurrency exchange Yellow Card claims that its newest payment tool, Yellow Pay, makes it simpler for clients to transfer and receive money through its platform, particularly in African nations. Yellow Card operations director Oparinde Babatunde says sending money from Nigeria to…
- According to a recent study on the state of the global tertiary e-textbook and multimedia industry, the tech company Snapplify is ranked as one of the top six international players in the Higher Education sector. Snapplify has significantly grown in the Higher Education industry because of the…
- Bluechip Technologies, a Nigerian software firm that provides businesses with management, just announced that it would be expanding into Europe. Olumide Soyombo and Kazeem Tewogbade, two successful investors, started the company in 2008. It designs, plans, runs, and implements business application…
- Zeepay, a challenger mobile money service based in Ghana specializing in cross-border payments, has launched a $10 million Series A.5 funding round. The funding round was led by Symbiotics BV, which contributed $ 9 million, followed by an investment from a fund located in Mauritius, which…
- The Economic Commission for Africa, in conjunction with the government of the Republic of Namibia, UN Namibia, UN WOMEN, and the International Telecommunications Union, organized the fifth iteration of the Connected Africa Girls Coding Camp this year. The attendees of the four most recent coding…
- SodaWorld is being hailed as Africa’s first and only arena for the Metaverse, and it has just received early global financing from a famous Swiss venture capital firm. The fledgling technological company allows artists to generate much-needed cash from their work within the Metaverse. SodaWorld is…
- A pre-series C investment round for the Nigerian fintech firm TeamApt, which provides commercial payments and banking systems, raised more than $50 million successfully. Light rock and BII were also participants in the investment, led by QED Investors, a venture capital firm in the United States…
- South African (AIaaS) provider DataProphet has released an official statement saying: the conclusion of its Series A investment round, which had a total amount of $10 million and had begun in 2020 with a round of $6 million headed by Norican and IDC. Knife Capital, which first invested in…
- Droppa, a South African startup focusing on logistics, has announced that it has completed a Series A fundraising round that Skynet Worldwide Express headed. The total price of the transaction was not made public. SkyNet had a two-way agreement with Droppa in July 2020, when COVID-19 was at its…
- Kenya’s president, Uhuru Kenyatta, announced it at the State House in Nairobi last Friday. He said coding would be added as a subject in primary and secondary schools. As a result of this latest move, Kenya has become the first nation in Africa to sanction the study of coding in early elementary…
- One order is a B2B e-commerce firm with its headquarters in Egypt. The company that serves the hospitality and restaurant industries has agreed to invest with Contact Factoring, a division of Contact Financial Holdings, for $6.5 million and has signed a contract for the transaction. One order,…
- Tizeti, an internet service provider established in Nigeria using solar power, has announced that it plans to extend its business activities within Nigeria, Ghana, and other surrounding nations such as Cote d’Ivoire and Togo. In addition to that, the corporation is thinking about listing its…
- HAVAIC, a venture capital business based in South Africa, has announced the completion of a pre-Series A investment round of $500,000, a Kenyan company that offers software solutions and digitizes farming co-ops and community banks, known as Savings and Credit Cooperative Organisations (SACCOs) in…
- South African President Cyril Rasmaphosa has announced that talks to obtain power from Botswana have commenced following his presidential visit to the country. In a press briefing, Ramaphosa told the media that the Southern African country had shown a willingness to share extra electricity with…
- The purpose of the interest shown by ONDI and JICA in Nigeria’s startup ecosystem is to strengthen and assist businesses and founders who are actively working to solve some of Nigeria’s most pressing issues in clean tech, health tech, and agritech industries. They did this in collaboration with…
- According to the company’s chief executive of Hazmat, an online retailer of furniture and home items, the company just completed one of the most successful fundraising rounds ever done by a start-up business in the Middle East and North Africa, bringing in a total of $23 million. According to…
- WafR is a retail technology startup based in Morocco that enables businesses to increase their market share by broadcasting intelligent promotions to grocers, ait has successfully raised a $1million seed round in its recent funding round. WeLoveBuzz, First Circle Capital, and other angel…
- Source Boomplay, an online streaming app for African songs and artists owned by the Chinese, has begun operations in Côte d’Ivoire. It expanded its operations into Ivory Coast by opening an office in Abidjan. This move is intended to improve music streaming. It […] More
The…
- Source People who have strong connections to others ultimately have more power. Therefore, ensuring that traditionally underserved populations, such as those living in villages and senior citizens, young people, and women, have access to digital technologies is essential to broaden socio-economic…
- Source The use of blockchain technology can make certain aspects of the financial market easier to navigate, whether this pertains to the production of goods or the trading of those goods on an exchange. Nigerian Exchange Limited is almost done with the final steps needed to launch a…
- Source Following the successful completion of the Series A fund round totalling $5.5 million, Virridy, an environmental tech startup, plans to expand its services to North America and Africa. The company claims it will hasten the production of “satellite-connected sensors for agricultural…
- Source Following the signing of a partnership worth $10 million between the International Finance Corporation and Super app Gozem 6,000 moto-taxi drivers in the countries of Benin and Togo will now have access to vehicles financing Because of this, moto-taxi drivers…
- More than 45 startup founders representing 15 African countries have begun to touch down in Paris, France, for Viva AfricArena. Commencing on Tuesday 14 June, the techpreneurs will participate in various pitch battles to attract European investment. Bio from Cote D’Ivoire, Fcb.ai from South…
- Source Chari, a Business to business electronic-commerce ( e-commerce )and financial technology (fintech) startup in Morocco, announced its purchase of 100% shares in Diago. Diago is an Ivorian app that links local shops to importers and producers of Fast-moving consumer goods importers and…
- source MFS Africa agreed with GPT Partners to buy the company for $34 million to facilitate payment processing in Africa. More than 80 African financial institutions, including Ecobank, Zenith Coris, BIA, Stanbic, and UBA, use the platform provided by GTP, making it the most popular prepaid card…
- Source The Nigerian Ministry of Communications and Digital Economy, along with its agencies such as the National Information Technology Development Agency (NITDA), will collaborate closely with Nigerian startup companies to streamline the purchase of…
- Source Due to the current state of the economy, businesses in South Africa are under increasing pressure to take preventative measures to safeguard against the possibility of network outages and unforeseen downtime.It affect productivity which consequenctly result in low…
- Source GOMYCODE, an educational technology company based in Tunisia, has just completed a Series A funding round that totalled $8 million . It was spearheaded by Proparco and AfricInvest through CathayAfricInvest Innovation Fund. Wamda Capital, which had previously…
- Source Norrsken is a startup established in 2016 to assist entrepreneurs in resolving the most pressing problems facing the world. Norrsken House, the Norrsken Founders Fund, a co-working space in Stockholm home to more than 350 entrepreneurs focused on social impact…
- Source The Nigerian Healthcare Excellence Award organizers and Sterling Bank Plc have entered into a partnership agreement. As part of this agreement, Sterling Bank Plc will become NHEA Special Recognition Awards title sponsor over the next three years. Mr […] More…
- Source Enko Education, a South African-based network of international schools, has completed a Series B funding round with a total amount of $5.8 million. The funding round was led by Adewale Partners, and it included significant players in international education and African entrepreneurship.…
- TechInAfrica – Latest funding round took place in Nairobi’s first mobile enterprise software for Africa’s micro-merchants, Bamba, with secured $3.2m in hands. Following 468 Capital leads and participation from Presight Ventures, Jigsaw VC, and several angels like Mato Perie and Laurin Hainy, the…
