- Start-ups may be young companies but are no less key actors in the economic and social development of Africa. Their founders, single or multiple, explore innate entrepreneurial characteristics (a trait encouraged among any given populace) to build and scale businesses which contribute significantly…
- GetFundedAfrica, a platform leveraging media and technology to support African start-ups and SMEs to grow and scale, is pleased to announce the beginning of its Rain 2022, investor-readiness cohort program with 11 start-ups. The program begins today, Tuesday, May 31, 2022. It will run for the next…
- Egypt-based biotechnology startup Natrify has raised a six-figure pre-Seed round from Ambo ventures, a recently launched, sustainability-focused USD 50 Mn VC fund focused on investing in startups based in Africa. It is currently planning to launch its pilot facility in Egypt as a kickstart for its…
- Founded in 2020, Gooo Delivery has a goal of providing point-to-point delivery services using mobile applications. Users can order food, medications, and groceries from a network of partner stores, which are then collected by Gooo runners and delivered to the customer. With total revenue of US$9…
- Based in San Francisco, Africa, and Europe with an all-female investment leadership team, Untapped Global aims to empower the next billion entrepreneurs to scale to their full potential by connecting frontier market innovators to global investors online and in-person. The company recently announced…
- According to Pauline Koelbl, Founder and Managing Director of ShEquity, women entrepreneurs are integral to Africa’s success, as they operate more than 40 percent of small and medium-sized businesses on the continent. However, African women entrepreneurs face the hurdle of collectively growing…
- Broadly, the deal would be one of the biggest in the technology space in years, sitting alongside the likes of Dell’s purchase of EMC (VMware’s former owner) for $67 billion in 2015, and Microsoft’s $68.7 billion bid for video game company Activision Blizzard Broadcom’s stock closed up 3.5% on…
- Investee companies will initially be located across Nigeria and Ghana, with the fund set to target the wider West Africa region. Recent advances in digital information technology provide an opportunity to both build and scale solutions to everyday challenges faced by millions of Africans – in…
- The event was jointly organized by Microsoft and GetFundedAfrica, a venture service firm that helps African startups grow and scale, and featured 30 of some of the most innovative startups in Nigeria, a select number of venture capital firms as well as public sector representation from Lagos State…
- Travelling for business often means little time for packing and planning other than work schedules and meetings. Living a healthy life during travel can be challenging, and finding healthy food during a business trip is not always easy. Here are some easy food hacks to help you make healthier food…
- Zimbabwean founded blockchain start-up, FlexID Technologies (formerly FlexFinTx), has signed a Simple Agreement For Equity (SAFE) with the Algorand Foundation, to further develop and scale their Self Sovereign Identity (SSI) platform. The startup strives to make its decentralized digital identity…
- Despite being incredibly selective (with an approval rate of roughly 1.5%), about 20% of YC (Y Combinator) start-ups have already failed. Since 2016, when Y Combinator made its first investment in Nigerian-based Flutterwave, it has not looked back. It now counts 30 Nigerian tech companies as part…
- Like every other worthwhile venture, you have to put in the work, time and commitment to acquire appropriate skills, networks and clients to move from a relatively unknown status to personal and professional achievement in the industry.
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- Completed fundraising of $411m, surpassing original hard cap, with contributions from institutional investors, development finance institutions and family offices across Africa, Europe and North America.Already closed three deals in Ghana, Kenya and Morocco.AfricInvest group has raised $2.0bn+ in…
- The signing took place during CABSAT in Dubai on May 19th, 2022, and marks Benya Group’s first satellite project. The MoU will facilitate discussions between the parties regarding the support and maintenance of telecom infrastructure throughout the Middle East and Africa. It aims to provide fully…
- The program aims to improve job creation and economic growth, as well as the sustainability and resilience of natural resources and food security. Bordered by the Mediterranean Sea and the Atlantic Ocean, Morocco’s potential for developing its Blue Economy is strong. Its coastal areas already…
- Esaal will continue to deploy this tranche of capital to scale its expansion across the MENA region, further invest in product and brand development, and increase talent acquisition. A15 has been backing Esaal since it was founded to solve the rising health needs in one of the world’s most…
- GetFundedAfrica (GFA), a venture service firm with a commitment to enabling African start-ups, was founded in February 2020. To achieve this ideal, it created three key service areas: learning and development, fundraising, and media/technology. The Media Production Unit is one of the nine service…
- FoondaMate was launched in August 2020 by Dacod Magagula and Tao Boyle. By leveraging the social networking platforms, WhatsApp and Facebook, the startup is solving the challenge of high data cost by providing everything needed by students on its single platform, cancelling out the need to use so…
- Morocco-based healthtech Blink Pharma has raised investment from Azur Innovation Fund for an undisclosed amount.Launched in 2020 by Ali Sami and Adil Bertul, the B2B marketplace allows pharmacists, laboratories and wholesalers to exchange orders, as well as providing them with a payment method.The…
- Success is not stumbled upon. It’s never a mistake. If there is such a case, it could be one out of a million. To rely on luck and base our next move and plans on the promise of a one in a million chance of stumbling on success in our work or career will be …
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- It would seem that African countries are in an unspoken and unconscious (could be deliberate too) rivalry with one another, jostling for strategic spots in the top five or top ten lists. As long as the competition is healthy and advantageous to the economies and the continent, then it is heartily…
- Mustard, an Africa-focused venture agency has launched its idea-stage programme, a £4 million investment vehicle to build narrative-led technology ventures from the very start. According to the London-based company, the development is aimed at originating Africa-focused ventures capable of…
- Founded by Steven Raucher and Brett Meyerowitz, RapidDeploy is an open and integrated response platform, transforming first responder communications centres of any size into data-centric organisations. The platform achieves new levels of situational awareness and reduces response times by…
- Sylndr, an Egypt-based online marketplace for used cars, has raised a $12.6 million pre-Seed round, led by RAED Ventures, with participation from Algebra Ventures, Nuwa Capital, 1984 Ventures, Global Founders Capital, and a group of regional and global angel investors.Founded in 2021 by Amr Mazen…
- Zuri Health, the digital healthcare company which provides affordable healthcare via mobile, has completed a funding round attracting investment from DOB Equity, Launch Africa and Founders Factory Africa to expand across Africa. Zuri Health connects mass-market patients with affordable, convenient…
- Nigeria-based auto loan services platform Autochek Africa acquired Moroccan automotive technology startup KIFAL Auto as part of a plan to expand into North Africa, according to a Magnitt report Thursday (May 19). KIFAL Auto offers what it calls a seamless process for buying and selling used cars…
- Founded by Joseph Rehmann and Steve Moran in 2015, Victory Farms has grown to be the largest producer of fish in East Africa, with a mission to feed two billion Africans over the next two decades. Ed Brakeman, a Senior Managing Director at Bain Capital and Hans den Bieman, Founder and ex-CEO of…
- One might conclude from this topic that we may want to devise dozens of concepts to encourage Black women to venture into entrepreneurship or list all the obstacles that a Black woman experiences in the business world. Although such roadblocks exist and have not been completely eradicated, this is…
- From wedding make-up artists to those specializing in gore and blood (special effects) in the movies, these beautifying experts come in varying shades, shapes and sizes. Before now they worked behind the scenes to glamorize their subjects.
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- AfrInvest Limited is a leading wealth advisory firm based in West Africa that mainly focuses in five areas: investment banking, securities trading, asset management, trusteeship, and investment research. Godwin Obaseki founded the company in 1995 as Securities Transaction and Trust Company Limited…
- Nile’s services are used by farmers of all sizes, from small-scale farmers to large commercial farmers, with buyers ranging from large South African-listed companies to small family-owned retailers and wholesalers. The company also operates in Botswana, Namibia, Eswatini and Mozambique. The…
- The Egyptian start-Up Doxx raised $1.5 million in seed round, with expansions to close the cycle of patients’ needs, while continuing to be the preferred app for doctors and patients. Led by doctors and other healthcare and pharmacy professionals, Doxx is a patient-centric application that focuses…
- Founded in 2016, Instabug helps developers better understand the performance of their mobile applications, and its impact on user experience. The company’s robust platform scales with any sized business, allowing independent developers and enterprises alike to seamlessly monitor, alert, prioritise…
- Venture capital firm 468 Capital led the round with participation from Presight Ventures, Jigsaw VC, and high profile angels Mato Peric, Leonard Stiegeler, Laurin Hainy and Thomas Stafford. The company is currently in stealth mode and will use the new capital to build out its mobile product offer…
- The proceeds of the funding will go toward scaling operations to increase presence in the existing markets and expand into new communities. TooMuchWifi is said to bridge the connectivity gap by bringing fast, uncapped and affordable fibre-backed Internet to under-serviced, densely populated areas…
- Shoppers get to spread the cost over time, increasing flexibility and spending power. Merchants can choose to integrate FlexPay as a checkout option online, or offer offline in-store flexibility. The startup has now raised an undisclosed amount of funding from the Cairo Angels Syndicate Fund (CASF…
- CarePoint, a technology-driven healthcare startup, has raised a $10 million bridge round to accelerate its growth across Africa as it seeks to make healthcare accessible to the masses. The startup, which is currently in Nigeria, Kenya, Ghana, and Egypt, is planning to expand to North and East…
- Cameroun is also regarded as one of the fast-rising innovation communities in Africa with its two unique systems – the francophone and anglophone ecosystems, reflecting Africa’s diversity based on its geographic sphere and culture.
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- Post after post, reel after reel, IG Live after Live, you are reminded that you are a blue-collar loser with no dreams of a better future unless you break out and pursue your entrepreneurial dreams. Social media has a funny way of making millennials and Gen Z feel as though you’re supposed to be in…
- Africa’s top producer and exporter of crude oil has heavily-subsidised gasoline and a patchy supply of electricity — a combination that might discourage anyone from investing in electric vehicles. But Gajibo, a 30-year-old university drop-out and resident of Maiduguri city in Nigeria’s northeast,…
- Co-founded by Owumi Festus and Tunde Adewole, Bridgecard merges a user’s cards, bank accounts and fintech wallets into one card and an app, allowing users to perform online transactions, pay bills, and withdraw from any linked account. Other angel investors in the round include Johnson Yaya,…
- Y Combinator was included in this round alongside Soma Capital, Starling Ventures, Olive Tree Capital, Capital X and True Capital. Angel investors were Immad Akhund, Mercury CEO and Arash Ferdowsi, co-founder of Dropbox. Topship is striving towards creating the easiest way for African businesses to…
- Y Combinator was included in this round alongside Soma Capital, Starling Ventures, Olive Tree Capital, Capital X and True Capital. Angel investors were Immad Akhund, Mercury CEO and Arash Ferdowsi, co-founder of Dropbox. Topship is striving towards creating the easiest way for African businesses to…
- BLOC SA led the $1 million pre-series A round, catalysing additional capital from Connectivity Capital, Atreyu Investments and a European Family Office together with existing investors who made follow-on investments. The proceeds of the funding will go toward scaling operations to increase presence…
- Founded by Njavwa Mutambo, Emilie Blauwhoff and Andrew Kibe in 2021, TopUp Mama is a one-stop-shop for restaurants in Kenya and Nigeria that provides them with all the necessary supplies, short-term credit and tools needed to manage their businesses. Since raising its pre-seed round 10 months ago…
- The African Export-Import Bank (Afreximbank) has announced the appointment of Ms. Marlene Ngoyi as the Chief Executive Officer (CEO) of the bank’s development-oriented subsidiary, Fund for Export-Development in Africa (FEDA). The pan-African multilateral financial institution has also appointed Mr…
- Sapna is currently the Corporate Development Director (strategic investments, partnerships, and M&A) at udaan.com, the leading B2B e-commerce platform in India. She has over 9 years of investing experience in early and growth-stage internet start-ups in India. Prior to Udaan, Sapna worked with…
- Sitho is currently the Managing Director of Vodacom Tanzania, a position he has held since August 2021. He returns to Vodacom South Africa to assume the role held by Balesh Sharma, who leaves the company at the end of June to pursue an external career opportunity. Sitho will report directly to …
- The general idea behind purchasing shares and stocks is to invest in order to generate a long-term return on investment (ROI) and gradually build wealth. Recently, a story about a lady who bought shares in a certain company and sold them at a much lower price after a few years circulated in the…
