- The public transport sector in Kenya is largely traditional and a majority of operators, especially those in road travel, still require their clients to physically book tickets at their offices even when making advance travel plans. Others do not have provisions for seat reservations. Looking to…
- Sendmarc, a South African cybersecurity firm, recently raised US$7 million in a Series A led by Atlantica Ventures and a number of other investors. Sendmarc offers businesses and people solutions to assure email security and avoid identity theft. The Johannesburg-based startup was founded in 2020…
- GetFundedAfrica, one of Africa’s leading tech-based marketplaces for founders, angel investors and venture capitalists, has partnered with uqudo, one of EMEA’s most innovative digital identity companies, to promote digital identity and technological advancement on the African continent.…
- MEST offers a 12-month graduate-level training to aspiring entrepreneurs across the African continent. The entrepreneurial training program in business, communications, and software development include extensive hands-on project work, culminating in a final pitch and the chance to receive seed…
- Africa Tech Summit, a leading African tech conference created to connect tech leaders, entrepreneurs, investors, and businesses, is hosting its fifth event on February 15-16, 2023 in Nairobi. The event is taking place at the Sarit Expo Centre, the most significant space of its kind in the Westlands…
- On many e-commerce platforms, fashion items are among the most — if not the most — sought-after. In Africa, for instance, fashion has held the top spot in Jumia for the largest category of items sold over the years. This means there’s no shortage of demand for fashion items across the continent,…
- Egypt’s Healthtech startup Yodawy has secured $16 million in the first close of its Series B round, bringing the total amount raised to date to $24.5 million. The round was co-led by Delivery Hero Ventures and Global Ventures, with participation from AAIC Investment and returning investors MEVP, C…
- One of the recurring predictions on the VC landscape (see here) is “there is going to be less VC money available for African start-ups.” This may or may not be due to a shift in focus, among other factors.
The post VC Trends Watch: Less Money, Shift in Focus and a Changing Landscape appeared first…
- Microsoft is announcing plans to support African startups with $500 million in potential funding in partnership with venture capital investors to enable them to rapidly scale using investment funding. This is part of new initiatives under its Africa Transformation Office to accelerate the growth of…
- Today, climate resilience venture launcher Triggering Exponential Climate Action (TECA) has announced the selection of seven startups to each receive $55,000 in funding to advance their solutions for the blue economy in Africa. The startup founders were selected following their participation in…
- Chari, a Morocco-based B2B e-commerce startup with embedded financing for the FMCG sector, has raised $1 million from Orange Ventures. As per the transaction, Grégoire de Padirac, partner of Orange Ventures Middle East and Africa, is set to join Chari’s supervisory board. Orange Ventures, Orange’s…
- eWAKA, an African sustainable mobility startup, has received a loan of Sh67.5 million from the State Secretariat for Economic Affairs (SECO) startup fund of the Swiss Confederation. This strategic offer will support eWAKA’s 2023 plans to accelerate a growth strategy focused on providing innovative…
- Mawingu, a Kenyan-based Internet service provider has successfully closed USD 9 M Series B investment to support its roll-out infrastructure across Kenya that will increase access to affordable internet connectivity to underserved households and businesses. The investment led InfraCo Africa, part…
- Endeavor, the global entrepreneurship network, has announced that its Nigeria Board of Directors has announced the appointment of Ireayomide Oladunjoye as Managing Director & CEO of Endeavor Nigeria, effective 6 February 2023. Ireayomide takes over from Tosin Faniro-Dada, who has led the…
- Partech, the global technology investment firm, announces the first closing of Partech Africa II at €245M, already above the target fund size. This second iteration of Partech’s Africa-focused strategy is backed by major Development Finance Institutions, as well as Institutional and Commercial…
- ThriveAgric, a leading Agricultural technology company, has recently emerged as the West African winner of the annual AYuTe Africa Challenge, receiving a $1m grant prize as a reward. Organized by Heifer International, the Agriculture Youth Technology (AYuTe) Challenge was set up to support young…
- The uptake of customer relationship management (CRM) tools has grown immensely over the last few years such that the market size is expected to experience a 12.5% compound annual growth rate, and to be worth $145.79 billion in the next six years. This growth is largely attributable to the uptick of…
- Ouranos Technologies Ltd, a leading provider of IT infrastructure services and solutions in West Africa, today announced the launch of Ouranos Lab, a venture studio focused on building the products and solutions that will power the future of enterprise technology in Africa. Ouranos Lab is backed by…
- Spectranet, the foremost Internet Service Provider in Nigeria, has appointed Mr. Maneesh Kulshrestha as its new Chief Executive Officer. Maneesh joins Spectranet as a visionary and transformative leader with over 30 years of professional experience in the Telecom and Retail industries as part of…
- In most African countries, access to credit remains limited for many small businesses, with the reasons ranging from the inability to pay collateral and lack of credit history to unfavorable lending criteria and high-interest rates. Banks and governments have tried to address this gap across…
- Marketing for a business refers to the various activities and strategies used to promote and sell products or services to customers with the aim of creating and maintaining a strong customer base and ultimately increasing revenue. This can involve market research, advertising, product development,…
- Driving African culture to the peak of global recognition and accurate representation through gaming, Gebeta, a product of Qene Games, has been acquired by Carry1st, Africa’s leading mobile games and interactive content publisher. Gebeta is a mobile board game built on the mancala games principles…
- Freightify is providing freight forwarders enhanced capabilities to procure, manage and quote Freight prices instantly. Customer numbers and revenues tripled in the last 12 months. Global freight forwarding is a $300B industry that facilitates the movement of cargo from one place to another through…
- MSME Fintech platform, Traction launches her business solution suite, Grow with Traction, to support the growth of businesses. As a business that has flourished over the last few years to taking care of over 50,000 businesses in various cities including Lagos, Ibadan, Abuja, Aba, and Kaduna, and…
- SunFI, a Nigerian clean tech startup, announced that it has raised $2.325 million in seed funding. The company’s CEO, Rotimi Thomas, said the investment would help SunFi grow its operations and improve its capabilities to recommend the best systems at the lowest cost to customers. The funding was…
- Three African agri-tech startups – ThriveAgric of Nigeria, Kenya’s DigicCow, and Botswana-based Brastorne Enterprises – have been named winners of the AYuTe Africa Challenge, securing shares of US$1.5 million in grant funding and access to expert advisors. Organized by Heifer International, the…
- SunFi, the Nigerian clean technology startup company that links individuals and businesses seeking access to solar energy access with payment plans that suit their requirements, has raised $2.325 million in seed funding. The self-described energy financial tech platform received backing from lead…
- Gwala is an innovative fintech firm in Morocco that enables employees to have immediate access to their earned salary once transferred, allowing them to have a better understanding of their money and increase their financial literacy, while also assisting its partner firms in offering financial…
- Ten South African startups have been selected for the three-year GrindstoneX accelerator programme, which aims to empower female entrepreneurs while creating employment. In October, a partnership was struck between South Africa’s Grindstone Accelerator and Naspers Labs to launch GrindstoneX, a new…
- Twelve African tech startups have been selected for the inaugural ARM Labs Lagos Techstars accelerator, which provides access to up to US$120,000 in equity funding and other types of support. Launched by Techstars, a global investment business that provides access to capital, one-on-one mentorship…
- Entrepreneurship is the backbone of economic growth and innovation, and it is essential to have an enabling environment that supports and nurtures startups. In Africa, startups face unique challenges and obstacles, but there are also many opportunities for growth and success. To support African…
- Twelve African tech startups have been selected for the inaugural ARM Labs Lagos Techstars accelerator, which provides access to up to US$120,000 in equity funding and other types of support. Launched by Techstars, a global investment business that provides access to capital, one-on-one mentorship…
- Flutterwave says the product team is working on a brand new version of Barter with enhanced features to deliver a better customer experience The largest fintech company in Africa, Flutterwave, has announced its plan to revamp its retail product Barter. This product provides customers with money…
- Google for Startups Accelerator Africa is accepting applications from startups in 17 African countries including Nigeria. The Accelerator program is a three-month virtual program for high-potential Seed to Series A tech startups based in Africa. The program is grouped into Google for Startups…
- Egypt-based fintech company MNT-Halan made it public on Wednesday that it has secured a total of $400 million in finances from local and global investors, including $260 million in equity funding part of which was provided by Abu Dhabi–based Chimera Investments and $140 million in debt through two…
- ADDIS ABABA – Inclusion Japan (ICJ), a Tokyo-based venture capital firm, has partnered with Kazana Fund to invest 100 million USD in Ethiopian startups. January 18, 2023, Addis Ababa, Ethiopia – The Tokyo-based venture capital firm Inclusion Japan (ICJ) in partnership with the early-stage startup…
- The Sovereign Fund of Egypt (TSFE) will acquire about 20% of B Healthcare Investments, owned by B Investments, after pumping EGP 100m, according to the agreement signed between the two sides last week. The TSFE, through its sub-fund for health services and pharmaceutical industries, signed two…
- Ghana, a country located in West Africa, has been making waves in the business and startup world. With a growing population of young and ambitious entrepreneurs, Ghana has become a hub for innovation and creativity. One of the most notable achievements of Ghanaian businesses and startups is their…
- January 12, 2023 GetFundedAfrica’s program team hosted its first event of 2023, a virtual mentor networking meeting. Presided by its team lead Efe Ogundowole, it was titled “Leading Through You”, and had about five mentors present, and about thirty-five audience members connecting from across the…
- January 12, 2023 GetFundedAfrica’s program team hosted its first event of 2023, a virtual mentor networking meeting. Presided by its team lead Efe Ogundowole, it was titled “Leading Through You”, and had about five mentors present, and about thirty-five audience members connecting from across the…
- Dandemutande has made a public declaration that it is partnering with Broadband and Cloud Services Group (BCS) to expand its fiber network. They have injected US$5 million into the expansion project with it riding on BCSs current fiber expansion project. Dandemutande’s section will span Somabula to…
- ODBA is thrilled to announce the addition of five new portfolio companies to its roster during the year 2022. These companies, operating in diverse sectors such as fintech, edtech, logistics, marketplace, and health tech, are led by innovative and ambitious entrepreneurs who are tackling real-world…
- The HICOOL Global Entrepreneur Summit and Entrepreneurship Competition are for Entrepreneurs.). The competition invites top investors, famous mentors, and leading entrepreneurs to provide all-around entrepreneurial guidance and acceleration, to continuously empower entrepreneurs in Beijing by…
- The African Development Bank’s Affirmative Finance Action for Women in Africa (AFAWA) initiative has reached a landmark $1 billion in approved funding designated for lending to African women entrepreneurs. AFAWA was launched in 2015 in Dakar during the first Feed Africa conference (Dakar 1 Africa…
- Uncover Skincare is a women’s self-care brand for and by women of colour; united in its mission for self-care within and without, bonded by diverse life experiences, and intentional for the African woman.
The post African women as a priority, not an afterthought: Uncover Skincare Launches in…
- Snarkhealth and Trade Lenda are among the 14 start-ups announced to pitch live at the upcoming Africa Tech Summit in Nairobi, Kenya. Earlier today, organisers announced the final shortlist of ventures who will vie for the attention of investors, corporates, and media. The summit – scheduled for…
- Zeepay, a Ghanaian fintech startup has expanded to Zambia after receiving approval to operate its new remittance outbound service from the Central Bank of Zambia. Through this service, Zambians will be able to securely transfer money directly from their mobile money wallets to over 150 countries…
- Hindsight Ventures and AfriLabs have partnered with Concordia University to launch the AFRISE Challenge 2023, with a central theme focusing on how youth entrepreneurs can help African economies rise. The AFRISE Challenge 2023 provides a platform for high-potential African youth and student…
- Founded in 2021, Zuri Health is a telemedicine startup offering accessible healthcare services to patients via its mobile application, website, WhatsApp chatbot, and SMS service. Zuri Health allows patients to communicate and consult with doctors, purchase medication from pharmacies, schedule lab…
- Convergence Partners, a leading private equity investor dedicated to the technology sector across sub-Saharan Africa, closed its Convergence Partners Digital Infrastructure Fund (CPDIF) at $296 million, surpassing its initial target by over 18%. This achievement is despite subdued private capital…
