- Scaling a business can be a challenging task, but it is essential for startups that want to grow and become successful. Scaling involves increasing the size, reach, and impact of a business by expanding its operations, customer base, and revenue. Here are some tips for taking your startup to the…
- The Central Bank of Nigeria (CBN) says it has collaborated with the Nigerian Inter-Bank Settlement Systems (NIBSS) to launch the National Domestic Card Scheme, ‘AfriGo’, to transform the Nigerian payment system. The scheme, which was initially announced at a Bankers’ Committee press briefing in…
- The Global Startup Awards (GSA) – in partnership with the Global Innovation Initiative Group (GIIG) – is excited to announce its return to the African continent for the 2023 edition of the Global Startup Awards Africa; the largest independent startup ecosystem competition with the mission to find,…
- The Economic Commission for Africa (ECA) and Afreximbank announced the development of the African Trade Exchange Platform (ATEX), a digital business-to-business (B2B) and business-to-government (B2G) tool to boost trade in Africa. A statement by the Economic Commission for Africa on Friday…
- According to Shina Arogundade COO, of Trade Lenda, “there are over 18 million MSMEs in Nigeria alone and over 100 million across emerging markets with a financing gap of over $5 trillion (over 60% of these figures are women)” You’ve probably seen pictures of poverty in Africa leading to a lack of…
- South African e-commerce startup Yebo Fresh has announced that it has succeeded in securing an R78 million (~$4.5 million) pre-Series A equity investment and a Jobs Fund grant. Yebo Fresh works to make it easy for independent businesses to purchase groceries and other essential items. Orders are…
- African Guarantee Fund (AGF) has today partnered with Frankfurt-based Bettervest, a crowdfunding platform, to increase financing of sustainable SME projects in Africa. AGF will provide partial guarantees requested by Bettervest, on the grounds of risk sharing, in respect of defaults arising from…
- The African Development Bank will commit $10 billion over the next five years to boost food production on the African continent and help end its reliance on imports. It is also an effort to curb hunger and make Africa become a primary food provider for itself and the rest of the world. The bank’s…
- Starting a new business can be an exciting and challenging venture. One of the key challenges faced by early-stage startups is securing funding to get the business off the ground. There are a variety of funding options available for early-stage startups, each with its own advantages and…
- Airtel Nigeria, a telecommunications services provider, has introduced eSIM (embedded SIM) – a digital SIM that enables customers to access the same functionality as someone using a physical SIM. With this, the telecom operator has joined MTN and 9mobile, who earlier introduced the service. This…
- The future is female, declared Lisa Yashek, SF expert, who presented in 2018 the best and biggest survey of the female tradition in American Science fiction ever published, in a thrilling fiction of 25 classic tales. Five years down the line, that statement still holds true here in Africa, but for…
- Zimbabwean fintech startup Cashlinq has launched a baking-as-a-service platform to enable businesses and startups across the continent to offer superior banking solutions. Cashlinq, a Zimbabwean fintech startup has developed a software-as-a-service platform that can be used to power digital banks…
- Venture capital witnessed a correction of sorts in 2022 as VC activity dropped from the highs experienced in 2021. Every part of the globe was affected by the hesitation of VCs to write cheques, although Africa was not notably affected. In actuality, funding to Africa grew 8% year-on-year.…
- ONE Africa Digital Summit will lead a power-packed program of mind-stretching conference content at the inaugural GITEX AFRICA 2023 in Morocco, unifying government and private sector leaders, policymakers, investors and academics to navigate Africa’s transformation into a single digital market.The…
- Coinbase has expanded its influence within the sports industry by reaching a sponsorship deal with the German Bundesliga club Borussia Dortmund (BVB). This collaboration between the crypto exchange and Dortmund marks Coinbase’s first involvement in football. Last year, Coinbase and Borussia…
- A Kenyan based e-mobility company BasiGo, focused on producing electric buses has partnered with Associated Vehicle Assemblers Ltd (AVA), a market leading company in multi-brand vehicle assembly in East Africa to assemble its buses in the country. According to Moses Nderitu, Chief Revenue Officer,…
- “We are very proud and excited for this first cooperation between Proparco and Investec, a leading South African bank resolutely committed to sustainability. We trust Investec’s expertise and capacity to innovate, coupled with the financing package provided by Proparco, will help bring climate…
- Microsoft has just announced the third phase of a long-term partnership with OpenAI through a multiyear, multibillion-dollar investment to accelerate AI breakthroughs to ensure these benefits are broadly shared with the world. The agreement follows the company’s previous investments in 2019 and…
- Despite the tough environment for fintech funding, Flutterwave and a network of existing Railsr shareholders are battling to acquire the British company. Railsr – which was previously known as Railsbank – is fielding offers from potential buyers including Flutterwave, which has attracted a multi-…
- Kyanda Africa, three Nigerian startups have gained recognition alongside seven others in the third cohort of the Africa Startup Initiative program an accelerator program by Startupbootcamp Afritech and leading telecom giant Telecel Group. The program will take place in Dakar, Senegal, and startups…
- Kuda, a Nigeria-established digital banking platform, is on its way to power digital banking services in Pakistan, as the fintech is set to acquire a digital banking licence from the State Bank of Pakistan (SBP). This licence will be issued to “KT Bank”, a joint venture between Kuda and two leading…
- Fincra, Africa payment infrastructure company has announced that it has been granted its commercial Payment Service Solution Provider (PSSP) license from the Central Bank of Nigeria (CBN). The Payment Solution Service Provider (PSSP) license given to fintech companies offers permissible activities…
- Continuous improvement is a key strategy for businesses to stay competitive in today’s ever-changing market. In 2023, businesses in Africa will face a unique set of challenges, such as economic instability, political uncertainty, and a lack of access to technology and resources. Nevertheless,…
- The license was issued by the Malawi Communications Regulatory Authority (MACRA), in accordance with Section 39 of the East African country’s Communication Act 2016, according to a copy of the notice letter, the license took effect on December 23, 2022. The notice letter issued by the regulatory…
- Cathedis, a delivery and e-logistics startup based in Morocco, raised $735K in a pre-series A funding round. The round was divided into 5 million Moroccan Dirhams (MDH) from Afrimobility, a Venture Capital from AKWA Group, and 2.5 million MDH provided by CDG Invest, for a total of 7.5 MDH. Founded…
- Ten Kenyan Agri-circularity startups have been selected for the second edition of the O-Farms accelerator program, which will award two peer-selected companies with milestone-based grant funding of up to EUR25,000 (US$24,000). O-Farms was launched in 2021 as Africa’s first accelerator program…
- Following the government’s regulatory changes that were enforced effectively from April 2022, the ride-hailing giant, Uber embarked on a long suspension to this regard. According to the company, the regulatory changes affected its seamless business transactions which led to the decision to suspend…
- Last year, the AFN’s CEO awards fielded five categories - AFN Disruptor of the Year, AFN Resilient of the Year, AFN Corporate Culture, AFN Growth of the Year, and AFN CEO of the Year - 24 nominees, and five eventual winners. The 2022 AFN’s version has nine nominees in its three different categories…
- GetFundedAfrica, the platform that connects startups to a wide range of investors, celebrated its 3-year anniversary in style with a day filled with excitement and celebration. The company has come a long way from its early days as what someone referred to as a “blog” to building a platform that is…
- Takura Malaba has been named the new Bolt Regional Manager for East and Southern Africa, beginning on January 1st, 2023. He will be taking over for Kenneth Micah, who held the position of Regional Manager for Eastern Africa since October 2019. Takura joined Bolt in November 2021 as the Country…
- Elon Musk’s satellite internet company, Starlink, has announced plans to venture into the Kenyan market with the launch expected in the second quarter of the year. The company powered by SpaceX said it is awaiting service coverage and regulatory approval. In a statement, Starlink said Kenyans will…
- BioNTech, the German biotech company that became a medical fireball in 2020 after creating one of the world’s most effective COVID-19 Vaccines, will pay a total of €582 million ($682 million) to acquire 100% of InstaDeep, the Tunisian London headquartered AI startup. The transaction involves an…
- The Board of Directors and Management of Wakanow Group has appointed Mrs Adenike Macaulay as Chief Executive Officer of WakanowNigeria effective January 2023. Wakanow has become renowned for her support to local and international airlines and for enhancing the Nigerian aviation industry with…
- Releaf, a technology company that makes it easier for consumer goods manufacturers in Africa to access high-quality supplies (and ingredients) for their factories, has raised $3.3 million in an oversubscribed Pre-Series A funding round. The funding round was led by Samurai Incubate Africa, which re…
- Ghanaian e-logistics company, JetStream Africa has just raised $13 million in equity and debt pre-Series A funding. The debt round was led by Fintech lender Cauris while the equity round saw participation from French development institution Proparco through the Digital Africa Bridge Fund; ASC VC, a…
- From a ringtone company to a payment processor, Cellulant is Kenya’s unlikely tech giant. They are quiet, but are right at the centre of Kenya’s tech ecosystem
The post The Rise of the Cellulant Mafia appeared first on GetFundedAfrica Media.
- The holidays are over, and it’s back to work. However, the new year brings with it new reflections and resolutions in our personal lives, careers, and even work ethics. The workplace is continuously changing, and in today’s competitive world, you should not just work hard but also effectively. …
- What a year it’s been! While in H1 the African rocket seemed to be absolutely unstoppable, many held their breath in H2 as it lost steam. It never crashed though, and as a whole, the ecosystem had a pretty solid year. The fact that start-ups on the continent raised more in 2022 than in 2021 …
The…
- GetFundedAfrica has partnered with Build Ventures Africa to continue growing the start-up ecosystem on the continent. This is in line with its commitment to uplift people and economies in Africa through a robust ecosystem.
The post GetFundedAfrica & Build Ventures Africa Join Forces to Develop…
- Cairo, Egypt- December 27, 2022 – Emirates International Investment Company (EIIC), the strategic investment arm of National Holding, has signed a partnership agreement with Mahaseel Masr, the first regional B2B fresh produce digital platform, to accelerate the deployment of Mahaseel Masr Agri e-…
- GetFundedAfrica has partnered with Build Ventures Africa to continue growing the start-up ecosystem on the continent. This is in line with its commitment to uplift people and economies in Africa through a robust ecosystem.
The post GetFundedAfrica & Build Ventures Africa Join Forces to Develop…
- The 25th Harvard Business School Africa Business Conference hosts the New Venture Competition, once again, to showcase the diversity of entrepreneurs making a difference on the continent. Benefits From the pool of applications, 10 finalists will be invited to pitch their business in front of over 1…
- The partnership is expected to offer consumers access to meals from the comfort of their homes while also providing a steady supply of Domino’s portfolio to consumers through the Jumia food platform and ensure they receive their orders in the shortest time possible. According to Jumia Food, the…
- AgroXchange, a Nigerian Agro-tech start-up that is reshaping the agricultural sector, was recently announced as the runner-up in this year’s African Earth Observation Challenge, which was held in Kenya. Since 2016, the Africa Earth Observation (AEO) Challenge has been an annual open innovation…
- Hub71 today announces it has onboarded startups to its community that have raised US$1 billion (AED 3.7 billion) in venture capital collectively since its launch in 2019. The milestone was achieved in a year, which has seen Hub71 onboard 53 high growth technology companies each with a proven track…
- Muqbis; the full-fledged marketplace that is created by Tech Nerds to connect the full circuit for “Handicrafts Talented Hands” in MEA, announced that it has raised an undisclosed amount in a pre-Seed funding round by Nama Ventures. Muqbis was launched in 2021 by Iman El Wasifi, Mohamed Nasser…
- Techstars Toronto has announced that ten African companies have graduated from its program. The companies, which represent a variety of industries, including finance, logistics, and education, spent the past few months working with Techstars mentors to develop their businesses. For the uninitiated…
- Claudine Gay will serve as Harvard’s 30th president, the University announced Thursday. Gay is the first person of color and the second woman to hold the role of Harvard University’s president. Since 2018, Gay served as Dean of the Faculty of Arts and Sciences. She’s also a leading scholar of…
- Solar kit provider Sun King has received a $10 million investment from Proparco, the subsidiary of the French Development Agency (AFD) group to expand its operations in Sub-Saharan Africa. Sun King, a provider of off-grid solar energy products in Africa and Asia, has secured a $70 million equity…
- Kenya-based MyHealth Africa, an integrated healthcare platform changing how people access medical services by connecting patients with local and international health specialists and hospitals, is growing its reach in Africa, and plans to further expand in the Middle East and South Asia next year.…
