- Kenyan fintech startup Zanifu has secured $11.2 million in a pre-Series A round comprising debt and equity. Beyond Capital Ventures and Variant Investments spearheaded the investment, with contributions from Launch Africa, Founders Factory Africa, AAIC Investment, Google Black Founders Fund, and…
- Kenyan fintech startup Zanifu has secured $11.2 million in a pre-Series A round comprising debt and equity. Beyond Capital Ventures and Variant Investments spearheaded the investment, with contributions from Launch Africa, Founders Factory Africa, AAIC Investment, Google Black Founders Fund, and…
- South Africa is advancing its efforts to manufacture mRNA vaccines in Cape Town. Dr. Tedros Adhanom Ghebreyesus from the World Health Organization was present for the inauguration at the technology hub established by Afrigen Biologics and Vaccines. According to a WHO statement, Afrigen has…
- Machine learning and AI are ushering in novel opportunities. However, as a recent study suggests, these benefits mainly cater to speakers of predominant languages like English and French, such as in products like ChatGPT. There’s a push to guarantee that those who speak Shona, Hausa, Xhosa,…
- Google has introduced the “Google for Startups Accelerator: AI First” program, which aims to assist African startups seeking to address local challenges through artificial intelligence. This initiative acknowledges the significant impact of AI on a global scale, revolutionizing various industries…
- Approximately 160 million individuals who were originally born in Africa have chosen to reside outside the continent. Education and employment have acted as pivotal factors in their departure. Nonetheless, a shared aspect among them is the necessity to remit funds to their friends or family back…
- As reported by Bloomberg on Thursday, Mastercard, the global payment giant, will conclude its crypto card collaboration with the world’s largest cryptocurrency exchange, Binance, by next month. The four-year partnership, which provided services to Binance users in Argentina, Brazil, Colombia, and…
- MoMo Payment Service Bank (PSB) has teamed up with Saana Capital, a cross-border company holding a license from the Central Bank of Nigeria (CBN), to facilitate bill payment services and frictionless inbound and outbound transfers across Africa. Inbound services encompass receiving funds, including…
- Making significant strides towards enhancing financial inclusion and diversifying services, Nigerian fintech firm Moniepoint (formerly TeamApt) is stepping into consumer banking, aiming to rival OPay and PalmPay. Established in 2019, Moniepoint has swiftly emerged as a leader in Nigeria’s financial…
- After a year filled with multiple media disputes, Flutterwave, the most valuable startup in Africa, is gearing up for an initial public offering (IPO), as reported by Bloomberg, quoting the company’s CEO. Even with challenges like accusations of fraud, potential security issues, and a challenging…
- After a year filled with multiple media disputes, Flutterwave, the most valuable startup in Africa, is gearing up for an initial public offering (IPO), as reported by Bloomberg, quoting the company’s CEO. Even with challenges like accusations of fraud, potential security issues, and a challenging…
- Threads, the standalone text-based application by Meta, may not have debuted with revolutionary features last month, but its distinct advantage lies in its seamless integration with Instagram. This differentiates it from comparable applications like Twitter (now 𝕏), Truth Social, and Mastodon.…
- Oyster Agribusiness in Ghana has secured US$310,000 through grant and debt financing. This funding will enable the company to further its objectives of promoting sustainable agriculture, gender inclusion, and effective talent management. Oyster Agribusiness stands out by leveraging advanced…
- With transport costs surging in Nigeria, pleading rides from strangers has become commonplace. MyCoPilot offers a solution by enabling private car owners and passengers travelling the same route to share rides through its platform. MyCoPilot’s CEO, Nnamdi Jeffrey Emmanuel Chizoba, said his goal was…
- Amazon Web Services (AWS) has opened its inaugural international AWS Skills Center in Cape Town, South Africa. The in-person learning space aims to increase access to cloud computing education regardless of background. AWS Skills Centers provide free training to anyone curious about the cloud and…
- Liquid Intelligent Technologies has launched a major metro fibre ring in Gaborone, Botswana’s capital city. The high-capacity, high-speed network aims to benefit hundreds of businesses with more affordable and secure connectivity. The Gaborone Metro Ring is being rolled out in phases by Liquid.…
- The removal of petrol subsidies has sent prices soaring in Nigeria, hitting transporters hard. However, Enugu-based engineer Chukwuemeka Eze is providing relief by converting fuel tricycles into electric kekes. Eze, an electrical engineering graduate from the University of Nigeria Nsukka, helped…
- MTN Uganda has achieved strong growth in service revenue, reaching Ush 1.25 trillion ($335 million) in the first half of 2023. This 15% jump was driven by gains in voice, data, and fintech services, according to CEO Sylvia Mulinge. She noted that this aligns with the company’s targets and reflects…
- A report from the 2022–2023 Africa PR and Communications report reveals most African PR professionals see artificial intelligence as the technology to transform their work over the next decade. AI is already assisting with media monitoring, sentiment analysis and fake news detection. But how…
- Amid the 4th Industrial Revolution, where digital integration is key, transitioning to a paperless ecosystem is essential for institutions. The Gauteng Department of e-Government, Research, and Development, the primary force behind digital innovation in Gauteng, is channeling its resources to…
- VaultPay, a pioneering fintech startup in the Democratic Republic of Congo (DRC), has achieved a significant feat by securing a historic position in Y Combinator’s esteemed 2023 summer cohort. This accomplishment marks a pivotal moment as VaultPay becomes the inaugural Congolese-led enterprise to…
- Ursula Fear, Salesforce South Africa’s senior talent program manager, clarifies the extreme perceptions of AI and underscores its genuine influence on the workforce. While there’s concern about job losses, Fear believes AI offers immense potential for positive change, enhancing efficiency,…
- The International Finance Corporation (IFC) board of directors has sanctioned a loan of USD 1.7 million (around 1.027 billion XOF) to the Ivorian startup Anka (previously known as Afrikrea), a reduction from the originally intended $3.4 million. This detail was sourced from the institution’s…
- AfricArena and FMO, the Dutch Entrepreneurial Development Bank, are strengthening their alliance with the expansion of the FMO Ventures program, designed to nurture Africa’s burgeoning tech scene further. After successfully collaborating in 2022 during AfricArena’s continental tour, the renewed…
- Working in customer support often involves grappling with the demands of managing a large volume of customer inquiries. Providing excellent service requires a significant investment, both in terms of resources and expenses. Gartner’s 2019 survey of leaders in Customer Service and Support revealed…
- Buguard, an Egypt-based firm focusing on offensive security and dark web monitoring, has received $500,000 in early funding. Will strengthen their workforce and allow them to focus on product enhancement, sales, and collaboration channels. A15, a prominent venture capital entity in the MENA known…
- A significant challenge in Africa concerning global financial accessibility is the difficulty Africans face in effortlessly obtaining FX for their requirements, whether for educational expenses, participation in the gig economy, brief travels, or remote employment. Many banks and financial…
- In a proactive effort to tackle the evident gender imbalance within the South African technology sector, GirlCode, an organization focused on developing software skills, has embarked on an inspiring endeavor. Their annual Hackathon, which took place earlier this month across Cape Town, Johannesburg…
- VitruvianMD, an innovative MedTech startup, recently raised $1.25 million (about R23 million) in their Seed Extension II funding t round. The funding was spearheaded by 27four’s impactful venture capital fund, The Nebula Fund, signifying a major achievement for the company as it drives its…
- The next time you shop on Amazon and find yourself inundated with numerous reviews for that microwave you want, a new AI feature is here to simplify your experience. Unique to Amazon, this advanced feature efficiently sifts through studies, highlighting common themes and summarizing the product’s…
- In light of a security breach, Patricia has suspended withdrawals for its platform users. As a response, the company has recently revealed that it has successfully transformed all existing BTC and naira balances into its proprietary token The retail trading platform Patricia has made a significant…
- In a world where gender equality remains a formidable challenge, South Africa emerges as a beacon of progress, celebrating the remarkable rise of women entrepreneurs in its dynamic business ecosystem. Our country is one of only 12, where women’s entrepreneurial activities have increased year on…
- Ed Partners Africa, an innovative non-banking financial institution, is set to spark a significant transformation in the education sector, securing new funding to achieve this goal. The Kenya-based startup, Ed Partners Africa, focuses on offering infrastructural loans to launch transformative…
- Google is making a significant move to boost digital skills, employability, and business growth by revealing a plan to educate 20,000 Nigerian women and youth in digital competencies. This program is funded by a grant from Google’s charitable division, which collaborates with Data Science Nigeria…
- Launched originally in London in 2015, Founders Factory has evolved into a significant accelerating force within the African startup ecosystem. This dynamic accelerator and incubator is committed to the development of early-stage enterprises. Founders Factory Africa offers startups a unique…
- A significant trend in African innovation currently centres around the advocacy for startup acts. Initially pioneered by Senegal before 2018, over 17 other African nations have subsequently embarked on efforts to establish their legislative frameworks to support innovation. This movement reflects…
- Despite facing a significant load-shedding crisis, South Africa continues progressing towards green energy solutions. A team from Stellenbosch University (SU), a government-owned institution, is examining the viability of introducing the nation’s inaugural electric taxis. These taxis can…
- TalentsArena, an Egyptian business in the recruitment industry, has successfully acquired $750,000 in pre-seed capital. In this investment round, UI Investments served as the primary investor. Additionally, the round saw participation from angel investors from both Saudi Arabia and Egypt.Talents…
- Safaricom has suspended operations in Ethiopia’s Amhara region following the imposition of a 6-month state of emergency to control escalating conflict. The government ordered the emergency measures in response to intensified fighting between state security forces and Fana rebels. This shutdown will…
- Kuda Musasiwa founded ZivAi, the first AI chatbot developed specifically for Africans. Musasiwa’s childhood experiences as a Zimbabwean immigrant in 1980s Australia shaped his vision for leveraging technology to empower the African diaspora worldwide. Moved to Australia at a young age by his father…
- Telecom operator Emtel recently launched 5G services in Mauritius, becoming the second provider to offer next-gen mobile connectivity in the island nation. Emtel is building on the footsteps of My.t mobile, the mobile division of rival Mauritius Telecom, which first introduced 5G in mid-2021. Emtel…
- Airtel Africa and Mastercard have launched an international money transfer and receiving service for Airtel customers in 14 African countries. This initiative targets over 100 million Airtel mobile phone users in Africa, enhancing the partnership between Airtel Africa and Mastercard as they jointly…
- Airtel Kenya has plans to enhance its network coverage, projecting an investment of over $150 million (KSh21.5 billion) in three years. This endeavour involves multiple strategies, including deploying 649 additional network sites across Kenya, aiming to achieve their coverage expansion objectives…
- Grinta, a fintech-driven B2B digital platform revolutionizing the pharmaceutical supply chain, has extended its reach within the country by acquiring Alexandria-based online pharmacy, Auto-Cure.Grinta is a regulated marketplace that revitalizes the pharmaceutical supply chain by empowering…
- In 2018, The Gambia saw one of its worst secondary school exam results, with over 96% of students failing to qualify for university. This sparked public outcry over the country’s education system. In response, Gambian entrepreneurs Ebrima Senghore and Baba Jaiteh developed the G-Quiz app in 2021 to…
- Twitter influencers in Nigeria now receive payments for their tweets through the platform’s new Ads Revenue Sharing program. Initiated by CEO Elon Musk, this initiative shares a portion of Twitter’s advertising income with influential creators to incentivise Premium subscriptions. On Monday,…
- Kenyan authorities raided a Worldcoin warehouse in Nairobi, confiscating equipment as part of an ongoing investigation into the company’s activities and method of gathering data. Law enforcement in Kenya confiscated machines believed to hold data gathered by Worldcoin from a warehouse on Mombasa…
- VaultPay, a company specializing in payments infrastructure, has been chosen to be part of the Y Combinator Summer 2023 class. This selection marks the third instance of an African startup being included in this cohort. Hailing from the Democratic Republic of Congo, Vault Pay, a payments…
- The local operations of the Worldcoin cryptocurrency project have been suspended as per Kenya’s interior ministry, which is currently assessing potential risks to public safety. Sam Altman, CEO of OpenAI, initiated this project, which was recently launched. In certain regions, users are offered…
- Antler, a renowned global early-stage venture capital firm, is preparing to launch a $60 million fund dedicated to the Middle East, North Africa, and Pakistan (MENAP) region. The seasoned entrepreneur and Partner, Dr. Jonathan Doerr, will spearhead the fund. With the primary objective of…
