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- The rapid advancement of technology is reshaping industries across the globe, and one of the most transformative changes is the rise of robotic automation powered by artificial intelligence (AI). As businesses look for ways to stay competitive, reduce costs, and improve efficiency, AI-driven…
- Socium, a Senegalese HR-tech startup, has secured $5 million in seed funding to support its expansion across Francophone Africa. Among other investors, Partech, Orange Ventures, and Outlierz participated in the round, which was led by Breega. Raisers Partners served as the deal’s financial advisors…
- Qara, an Egyptian supply chain technology startup, has raised US$2.6 million in a funding round to support its Saudi Arabian expansion. To support its continued expansion into Saudi Arabia, the company has now secured US$2.6 million in funding from strategic investors. The Relocate Initiative of…
- Since Donald Trump won the U.S. election last week, Bitcoin has risen to all-time highs as investors expect a more welcoming climate for cryptocurrencies. Bitcoin burst above the $90,000 barrier on Wednesday, setting an all-time high in a rise that shows no signs of slowing. The biggest…
- Efreshli, an Egyptian startup specialising in interior design, has secured a seed round of funding to enable the development and expansion of its current and future products. Algebra Ventures led the seed round that included 500 startups, Dar Ventures, and angel investors. Efreshli, an online…
- The Growth4Her Accelerator program is seeking applications from female entrepreneurs in Nigeria with the goal of closing the gender finance gap in Africa. The six-month Growth4Her Accelerator gives female entrepreneurs the skills and resources they need to build their companies from tiny to growth-…
- Teradix, an Egyptian provider of e-procurement solutions, has received a US$140,000 grant from King Abdullah University of Science and Technology’s (KAUST) TAQADAM Accelerator program to help with its strategic entry into Saudi Arabia. Teradix, which was founded in 2019 by Khaled Aboshady, provides…
- The InvestIT program, a joint effort between Egypt’s ITIDA and venture capital firm Flat6Labs, provides Egyptian tech startups—especially those in the seed or pre-Series A stages—with access to advisory services, resources, and investor connections in an effort to help them scale their operations…
- Eneza Education, a Kenyan ed-tech startup, has partnered with Knowledge Platform, a leading Pakistani company, to form the world’s first African-Asian educational technology company. Knowledge Platform offers digital learning materials for strategic partners, whereas Eneza Education, which launched…
- Beacon Power Services, an energy technology business based in Nigeria that offers grid management and data solutions to assist Africa’s power sector distribute electricity more effectively, received an undisclosed sum of Series A funding to grow into new markets and improve its product offerings.…
- Janngo Capital has closed its oversubscribed $78 million fund, making it Africa’s largest gender-equal tech venture capital fund. With major new investors including Mastercard Foundation Africa Growth Fund, DFC, IFC, and ANAVA joining anchor investors the European Investment Bank (EIB) and the…
- Colis is a Moroccan cross-border logistics startup that has received a US$300,000 pre-seed funding round to expand into West Africa and bolster its domestic footprint. After participating in the Plug and Play Morocco accelerator and raising US$50,000 from The Baobab Network, the firm has now…
- Africa ICT Summit is pleased to announce the first-ever Africa Tech Summit Awards, a brand-new platform created to honour the continent’s most creative and influential ICT solutions, businesses, and leaders. The awards will honour accomplishments in a variety of categories that represent the…
- Over the past decade, Africa has experienced an unprecedented surge in its technology sector, positioning itself as a fast-emerging hub for innovation, entrepreneurship, and investment. What was once seen as a continent grappling with infrastructural challenges is now becoming a hotbed of tech…
- The gender gap in STEM (Science, Technology, Engineering, and Mathematics) is a significant issue globally, with women historically underrepresented in these fields. Bridging this gap is essential not only for promoting equality but also for driving innovation and leveraging diverse perspectives to…
- Apple recently concluded an event at its Cupertino, California headquarters, where it announced the next editions of the Apple Watch, AirPods, and iPhone. At Apple’s “Glowtime” event on September 9, 2024, four new iPhone 16 models, the Apple Watch Series 10, the AirPods 4 headphones, and an…
- The triple-foldable phone was launched into the market by Huawei, which is the first company to do so globally. Aiming to outshine its American competitor, especially in China, the business unveiled the new Mate XT Ultimate Design on Tuesday, just hours after Apple revealed the iPhone 16 lineup.…
- Following the widely anticipated release of the iPhone 16 series on September 9, 2024, Apple has officially retired the iPhone 15 Pro, iPhone 15 Pro Max, and iPhone 13 models, marking a dramatic shift in its product lineup. Three of Apple’s most popular and distinctive smartphones will no longer be…
- Kasha, a Rwandan digital platform for last-mile health access, has received equity capital from Sanofi Global Health Unit’s Impact Investment Fund to help it grow into other African nations. In order to support its growth, Kasha completed a US$21 million Series B funding round last year. Now, it…
- Launch Africa Ventures, an early-stage venture capital firm, has created the Mezzanine Impact Fund, which invests mezzanine growth capital in leading technology firms with strong ESG values. Launch Africa Ventures, founded in July 2020 by Zachariah George and Janade du Plessis, with chairwoman…
- Namibia’s state-owned utility, NamPower, has agreed to develop the largest solar power plant in the nation, valued at N$1.6 billion ($89 million), with two Chinese companies. The 100 MW Rosh Pinah plant will be designed and built over the course of 18 months by the Chinese companies, Zhejiang Chint…
- The Federal Government and Google have announced a ₦100 million fund to support 10 Nigerian startups that use AI in their technological solutions. The goal is to foster AI innovation in Nigeria. Dr. Bosun Tijani, Nigeria’s Minister of Communications, Innovation, and Digital Economy, announced the…
- Field, a Nigerian healthtech company, has created a route-to-market service to introduce novel remedies for maternal mortality, infant and child health, and nutrition issues. The program, supported by an initial $11 million from the Bill & Melinda Gates Foundation, will make use of Field’s…
- Chpter, a Kenyan startup that has developed an AI-powered conversational commerce platform that allows businesses to sell more on social networks such as WhatsApp and Instagram, received US$1.2 million in pre-seed capital to continue developing its product and expanding across Africa. Pani led the…
- WomHub, a South African female empowerment initiative, has collaborated with the Visa Foundation to develop the STEM is Everywhere programme, which aims to empower and support early-stage female founders in STEM (Science, Technology, Engineering, Mining, and Manufacturing) enterprises. WomHub is a…
- In recent years, Africa has become an emerging hotspot for venture capital (VC) investment, driven by a combination of rapid technological innovation, a growing middle class, and increasing internet penetration. African startups are addressing some of the continent’s most pressing challenges in…
- The green tech revolution in Africa is gaining momentum as governments, businesses, and communities seek innovative solutions to address environmental challenges while promoting sustainable development. Africa’s unique geographical and economic landscape makes it an ideal region to leverage green…
- Cybersecurity is a growing concern for African businesses as they embrace digital transformation. While challenges such as limited awareness, regulatory gaps, and budget constraints remain, implementing strategic solutions like training, investment in infrastructure, and regulatory improvements can…
- Ampersand, a Rwandan EV energy tech company, has raised additional funding, bringing its total funding raised in the past 12 months to US$21.5 million. Additional funds of an undisclosed sum have been added to the $19.5 million that the company raised in January of this year. AHL Venture Partners,…
- Over the weekend, Telegram CEO Pavel Durov was arrested in France, bringing the mysterious founder into the limelight. The warrant pertaining to Telegram’s lack of moderation led to the Saturday detention of Russian-born Durov at Paris’s Bourget Airport. Prosecutor Laure Beccuau of France stated in…
- The Meltwater Entrepreneurial School of Technology (MEST Africa) has announced the launch of the sixth edition of the MEST Africa Challenge (MAC) in collaboration with the Norwegian Embassy. The goal of this year’s challenge is to find and support outstanding AgriTech entrepreneurs who are…
- Omnisient, a “privacy-by-design” startup based in South Africa, has raised US$7.5 million in Series A funding to support its growth across Africa and beyond. Arise, a company that finances fintechs that promote financial inclusion and African financial service providers provided the Series A…
- Sukhiba, an innovative conversational commerce and CRM platform based in Kenya, has raised $1.5million in seed funding to expand into Africa and other emerging countries. Leading the funding round was EQ2 Ventures. Along with returning investor CRE Ventures, other prestigious investors in the round…
- Workpay, an Africa-focused cloud-based HR, payroll, and benefits platform, has secured $5 million in a Series A round, with Norrsken22 as the lead investor. Visa, Y Combinator, Saviu Ventures, Axian, Plug n Play, Verod-Kepple Africa Ventures, and Acadian Ventures, a venture firm focused on…
- NoorNation, an Egyptian climate-tech startup, has received an undisclosed investment from KBW Ventures, which was founded by Saudi Prince Khaled bin Alwaleed, to help it scale. NoorNation, founded in 2021 by Ragy Ramadan, offers the off-grid industry in Egypt and Sub-Saharan Africa technologically…
- Egypt’s T-Vencubator, a renowned venture capital firm and incubator, has launched its inaugural funding program, with the goal of investing in five startups before the end of the year. Through the combination of venture capital and incubation, T-Vencubator helps close the technical and…
- Solarise Africa, an energy-as-a-service provider for businesses across Africa, has announced a funding agreement with Mergence Investment Managers, resulting in a $8.9 million investment. PSG Capital, an African corporate finance advising business, served as the transaction’s principal advisor and…
- Lucky ONE, a leading consumer credit fintech company in Cairo, has successfully raised $3 million in the form of a convertible note. This funding will help the company reach profitability by Q12025 and expand its credit lending services to a wider segment of the Egyptian population. Current…
- Artificial Intelligence (AI) and Machine Learning (ML) are revolutionizing industries across Africa, offering innovative solutions that drive efficiency, enhance decision-making, and foster economic growth. These technologies are being applied in various sectors, from agriculture and healthcare to…
- Digital transformation in government, often referred to as e-governance, involves leveraging technology to improve the efficiency, transparency, and accessibility of government services. In Africa, e-governance initiatives are playing a crucial role in modernizing public administration, enhancing…
- Waza, a Nigerian B2B payment and liquidity provider for emerging market businesses, has secured $8 million in equity and debt funding to establish new trade finance solutions and expand into new markets beyond its current operations in Ghana and Nigeria. The funding is comprised of a $3 million…
- Jumia Technologies AG ($JMIA), the African e-commerce giant, has effectively concluded a secondary offering, generating $99.6 million through the sale of 20 million ordinary shares, just days after the announcement. This corresponds to an average selling price of approximately $4.95 per share,…
- Open Access Energy (OAE), a South African software company that specializes in optimizing energy transactions, has received a US$750,000 investment from Factor E Ventures. This investment is the first tranche of a US$1.5 million seed round that OAE is conducting to address South Africa’s chronic…
- GROW, an investment readiness program operated by Open Startup has launched its second cohort. The program is intended to assist advanced African companies in expanding their operations and obtaining funding. Open Startup is a non-governmental organization that is committed to the development of…
- HAVAÍC, a South African venture capital firm, has announced the US$15 million first closure of its third African-focused venture capital fund, with a target size of US$50 million. The fund is in partnership with Universum Wealth and the SA SME Fund. HAVAÍC is a prominent African VC investment…
- The Africa’s Business Heroes competition, a philanthropic program that promotes African entrepreneurs, has selected fifty finalists for its fifth edition. The Jack Ma Foundation and Alibaba Philanthropy support Africa’s Business Heroes (ABH) competition, a philanthropic initiative that aims to…
- Google for Startups Accelerator Africa has selected 10 African tech Startups to participate in its 8th cohort. The Google for Startups Accelerator Africa program has provided support to 106 Startups from 17 African countries since its inception in 2018. The 10 selected startups will participate in…
- Cartona, an Egyptian startup that digitizes and empowers mom-and-pop stores, hotels, restaurants, cafés, FMCG companies, and wholesalers, has secured a US$8.1 million debt and equity Series A extension round to fuel its growth in the domestic and international markets. Algebra Ventures was the lead…
- Educatly, a leading global network in higher education, has received $2.5 million in new funding from TLcom Capital and Plus VC. Egypt Venture (Egypt) and the HBAN syndicate (Ireland) also participated in the round. Educatly, which was founded in 2020, is dedicated to assisting students in…
- Blockchain technology has the potential to significantly impact Africa’s economic development by enhancing transparency, efficiency, and trust in various sectors. Here’s a detailed look at how blockchain can contribute to Africa’s economic growth and address some of the continent’s pressing…
