- Meta and Ingressive for Good are teaming up to provide scholarships to underprivileged youths from four African countries—Nigeria, South Africa, Côte d’Ivoire, and Kenya—so that they can launch successful digital careers and increase their earning potential. Through this innovative collaboration,…
- Moove, a Nigerian mobility fintech startup, has secured $10 million in debt capital from Stride Ventures to expand its operations in India. To help mobility entrepreneurs in developing economies who lack access to vehicles or funding, the company is utilizing productivity data and technology to…
- Ilara Health has completed a $4.2 million pre-series A round of equity and debt to digitize and consolidate Kenya’s fragmented primary care system. Leading the round is DOB Equity, with additional follow-on equity from Angaza Capital, Perivoli Innovations, AAIC INVESTMENT, and Black Pearl…
- The corporate social responsibility division of Giza Systems, Giza Systems Foundation (GSF), and the corporate venture capital firm EdVentures, which specializes in ed-tech, have partnered to promote innovation and accelerate the expansion of significant startup projects. GSF, which was founded in…
- Arnergy, a Nigerian clean tech startup specializing in distributed renewable energy products and solutions, has secured $3 million in new funding. All On, a Shell-backed off-grid energy impact investing firm, supported the funding round. Femi Adeyemo and Kunle Odebunmi founded Arnergy in 2013 to…
- Roam, formerly known as Opibus, has raised US$24 million in debt and equity capital to drive its expansion across Africa. Equator Africa led the US$14 million Series A equity capital round, which was joined by At One Ventures, TES Ventures, Renew Capital, The World We Want, and One Small Planet,…
- Remoteli, a Ghanaian tech talent startup, secured US$315,000 in funding from Dutch professional footballer Jeremie Frimpong. Founded in 2020, Remoteli is a technology-driven platform that focuses on bringing together innovative organizations looking to develop diverse and highly competent remote…
- The AWIEF Growth Accelerator for South Africa, a flagship enterprise development program designed to support early-stage and high-growth women-owned and women-led SMEs with growth strategy training, corporate advisory, mentoring, networks, and access to finance, is now accepting applications for…
- The e-commerce boom in African markets is a significant trend driven by increased internet penetration, rising smartphone adoption, and a growing middle class. Several factors contribute to the rapid expansion of e-commerce across the continent: 1. Internet and Smartphone Penetration: – The…
- Incubators play a crucial role in Africa’s tech ecosystem by providing a supportive environment for startups and entrepreneurs. These organizations offer a range of resources, mentorship, and networking opportunities to help early-stage companies navigate the challenges of building and scaling…
- Yodawy, an Egyptian digital healthcare startup, has raised an additional $10 million, bringing its total capital raised to $34.5 million. Yodawy, which was founded in 2018, gives its partners—insurance companies, hospitals, pharmacies, and pharmaceutical/FMCG businesses—the ability to serve a…
- Shamba Pride, a Kenyan agritech startup, raised $3.7 million in debt-equity pre-series A funding to boost its Kenyan operations and grow its merchant network. Participating in the round were Seedstars Africa Ventures (SAV) and EDFI AgriFI, the European Union’s agriculture financing project. An…
- Kenyan tech startups in their early stages can apply to the Spark Accelerator, a program run by Sumitomo Corporation, M-PESA Africa, and Safaricom, to help them grow faster in the fintech and content industries. To support and invest in late-seed and early-growth startups based in Kenya, Safaricom…
- The second Ed-Tech Fellowship Programme, organized by Co-Creation Hub (CcHub) and the Mastercard Foundation in Nigeria, is now accepting applications. CcHub announced in 2023 that it would be launching a US$15 million ed-tech accelerator effort in Kenya and Nigeria through an innovative partnership…
- Africa Tech Summit Nairobi has announced that on February 14 and 15, ten African startup businesses will present their solutions to a wide range of business leaders, investors, and other innovators. Even though funding for African startups fell in 2023, the investment showcase keeps promoting…
- Applications are now being accepted for the 12-month tech entrepreneurship training programme offered by the Meltwater Entrepreneurial School of Technology (MEST). MEST is a pan-African software and entrepreneurship training programme, seed fund, and incubator that was founded in Ghana in 2008 by…
- Lapaire, a pan-African eyecare firm, has raised US$3 million in equity funding to help it expand across Africa. Jérôme Lapaire, a Swiss native who moved to Kenya in 2015, and launched Lapaire in 2018. Despite having a law degree, he began looking into business ventures he could pursue while…
- 2024 is expected to see several technological innovations and developments that will significantly impact several industries. These technologies are likely to shape the landscape throughout 2024 and beyond, driving innovation, improving efficiency, and addressing evolving societal needs. Here are…
- Octavia Carbon, a Kenya-based company, has secured financial backing to make progress on its Direct Air Capture (DAC) technology, which mainly focuses on the extraction of CO2 from the atmosphere. With the use of DAC technology, the company designs, builds and deploys equipment that directly…
- iSchool, an Egyptian ed-tech startup, has raised US$4.5 million to expedite its plans to expand into six more countries in the MENA region. Irish venture capital firm VentureWave Capital led the round of funding, which also included UK firm OneStop Capital, US firm Webit Investment Network, and a…
- Ampersand, an electric transport energy startup based in Kigali, has raised $19.5 million in debt and equity funding. Acumen and the Hard Edged Hope Fund were among the participants in the funding round that was led by the Ecosystem Integrity Fund (EIF). Beyond Capital Ventures, TotalEnergies,…
- Imaginario AI, a Tunisian startup that processes video and audio content with the help of artificial intelligence, has raised $1 million in pre-seed funding to facilitate its international expansion. 216 Capital led the funding round, which also included several business angels, Blue Lake VC,…
- Wasoko and MaxAB, two of the largest e-commerce companies in Africa, officially announced that they had agreed to preliminary merger conditions, creating a merged company that will spearhead the continent’s informal retail sector’s transformation. The two companies are merging on an equal basis,…
- Starting this week, Apple announced that it would stop selling its Series 9 and Ultra 2 smartwatches in the US as it resolves a patent lawsuit regarding the technology behind the devices’ blood oxygen feature. Following an October ruling by the U.S. International Trade Commission (ITC) that might…
- In an antitrust settlement with US states and consumers revealed in a federal court in San Francisco, Alphabet’s Google has agreed to pay $700 million and enable more competition in its Play app store. The deal, which is subject to a judge’s final approval, specifies that Google would pay $630…
- Chefaa, an Egyptian startup that provides patient-centric pharmaceutical benefits, has raised $5.25 million in funding to help it grow and expand in Saudi Arabia. This round of funding was co-led by Newtown Partners of South Africa and Global Brain of Japan. Other participants were GMS Capital…
- MAKA, a Nigerian social commerce startup that makes discovering and purchasing fashion items relatively easy and enjoyable, has raised a US$2.65 million pre-seed round of funding to help it scale. With additional support from Palm Drive Capital, 4DX Ventures and Janngo co-led the funding round.…
- Adobe and Figma, a cloud-based design tool, have announced that they will cancel their $20 billion merger due to regulatory constraints. “There is no clear path to receive necessary regulatory approvals from the European Commission and the UK Competition and Markets Authority,” a joint statement…
- Launched in collaboration with the UK Foreign, Commonwealth, and Development Office (FCDO), the GSMA has announced the launching of its newest GSMA Innovation Fund to address critical humanitarian issues. The GSMA has awarded more than GBP5 million (US$6.3 million) to startups, SMEs, and social…
- E4E Africa, a venture capital firm based in South Africa, has announced the first closing of its US$30 million E4E Africa fund II. E4E Africa’s second fund has reached its first close, with a target size of US$30 million. The business announced that it is “actively attracting interest” from new…
- 12 startups will join Techstars’ pan-African accelerator programme in the second cohort, which runs in conjunction with ARM Labs, an innovation programme based in Lagos. The inaugural programme of the ARM Labs Lagos Techstars Accelerator was a smashing success, and the programme will continue to…
- TUNL, a South African parcel shipping platform, has received $1 million in pre-seed funding from investors including Founders Factory Africa, Digital Africa Ventures, E4E Africa, and Jozi Angels. The company was created in 2022 by CEO Matthew Davey and COO Craig Lowman. Davey was motivated to start…
- WIC Capital, a Senegalese and Ivory Coast-based local capital provider that focuses on financing women-owned and operated micro, small, and medium enterprises (MSMEs), has received a US$1 million loan from the FSDAi Nyala Facility BV to enhance its impact on the economy. FSD Africa Investments (…
- Bujeti, a Nigerian startup that offers a comprehensive platform for managing expenses and creating budgets, has secured $2 million in seed funding. Leading the fundraising round was YC, with participation from backers including Alan Rutledge, Tristan Walker, Heirloom VC, Abdul “Tomiwa” Hassan,…
- Tappi, a Kenyan startup that provides a chat tool that generates a webpage automatically, received US$1.5 million in an oversubscribed pre-seed round of funding. With participation from Digital Currency Group, SOSV, Resilience17, growX ventures, Orbit Startups, and Reflect Ventures, the funding…
- BasiGo, a Kenyan startup that provides electric bus solutions, has received a US$5 million debt facility from British International Investment (BII), the UK’s development financing institution, for the delivery of 100 locally made electric buses. Accelerating climate innovation in developing…
- Mtor, an Egyptian online marketplace for auto parts, has received $2.8 million in pre-seed funding to enable the digitalization of local automobile workshops and the expansion of its product range. Algebra Ventures led the funding round, which also included the Dutch Founders Fund (DFF), Aditum…
- Amini, a Nairobi-based climate-tech startup focusing on bridging Africa’s environmental data gap with artificial intelligence and satellite technology, has raised $4 million in seed funding to drive its expansion into new markets. Salesforce Ventures, the investment arm of Salesforce, and Female…
- The iPhone has a pretty fascinating history! It all started in 2007 when Apple’s co-founder, Steve Jobs, unveiled the first iPhone. It was a revolutionary device that combined a phone, an iPod, and an internet communicator all in one. The original iPhone had a 3.5-inch display, a 2-megapixel camera…
- WayUp Sports, an online retailer specializing in performance-oriented sports equipment in Egypt, has raised seed funding to support its regional expansion, the introduction of a private brand, and the improvement of user experience across its website and application. Index Sports Fund, Beltone…
- Aduna Capital, an African venture capital firm, has opened a $20 million fund with an emphasis on investing in the startup ecosystem in Northern Nigeria. Aduna Capital’s General Partner Surayyah Ahmad, who co-manages the fund alongside Sanusi Ismaila, expressed excitement about the effort and…
- Chari, a Morocco-based B2B e-commerce startup with embedded financing for the FMCG sector, has received funding from UM6P Ventures, the investment fund of Mohammed VI Polytechnic University. The investment fund of Université Mohammed VI Polytechnique (UM6P), UM6P Ventures, seeks to advance…
- HealthTech Hub Africa (HTHA) is a hybrid pan-African e-health accelerator program that is now accepting applications. The program provides entrepreneurs with a platform to build long-lasting enterprises and significant health impact. With a physical co-working location in Kigali, Rwanda, HealthTech…
- Pricepally, a Nigerian e-commerce platform for fresh and packaged foods has raised US$1.3 million in seed funding to help it scale. Investors in the seed funding round included Chui Ventures, Hi2 Global, SOSV, ELEA, Samurai Incubate, and David Mureithi, the former MD of Unilever West Africa. …
- According to the announcement from the two companies, Amazon will start selling Hyundai cars online in the United States in 2024. The deal builds on an earlier announcement made two years ago to extend Hyundai’s digital showroom on Amazon.com, where buyers can personalize a car, find out the…
- Shekel Mobility, a B2B mobility startup based in Nigeria, has successfully raised $7 million in funding. Ventures Platform and MaC Ventures were the primary investors in this round of funding. The funding consists of more than $4 million in debt and $3.2 million in equity. Among the other equity…
- Pineapple, a South African insurtech startup, has announced the close of a Series B funding round of ZAR400 million (US$21.3 million), led by new investors Futuregrowth, Talent10, and MIC. Additional investment support has been provided to the business by its current investors, which include Old…
- AKHDAR, an Egyptian Edtech startup, has received six-figure US dollar funding from Saudi Arabia-based venture studio ”Value Maker Studio (VMS)” to expand its operation in the Kingdom. AKHDAR, an innovative edtech company, provides a one-of-a-kind service in the form of Arabic audiobook summaries…
- StarNews Mobile, Africa’s top mobile video network, based in Ivory Coast, has raised $3 million in funding from investors including three French professional players. Janngo Capital led the funding round, which also included French football stars Aurelien Tchouameni, Jules Kounde, and Mike Maignan…
- JOBJACK, a South African recruiting startup, has raised ZAR45 million (US$2.5 million) in pre-Series A funding to help it change the narrative of entry-level recruitment in the country. NEXT176 led the funding round, which also included the Michael & Susan Dell Foundation. Christiaan van den…
