- In the contemporary era, financial literacy plays an essential role in achieving economic success. A recent investigation by Nedbank reveals a promising trend: South Africa’s younger generation demonstrates a rising dedication to saving. However, a critical need remains for enhanced financial…
- Kigali strives to become a prominent technology hub for African businesses, attracting major African fintechs like Flutterwave to solidify their operations in this promising East African nation. Flutterwave, present in Rwanda since 2020, is now looking to fortify its foothold in this landlocked…
- Airtel, a major telecom provider in Nigeria, has officially launched its 5G network in the populous African nation. The move positions Airtel as the third-largest mobile network operator in the country, with a subscriber base surpassing 60.3 million, trailing only MTN and Glo. MTN has already…
- An Ethiopian green initiative, Kubik, is at the forefront of a revolution by employing recycled plastic waste as the foundation for creating building materials. This shift comes amid projections suggesting that global plastic waste production could increase fourfold to exceed 1,000 million tonnes…
- Eze, a Nigerian wholesale marketplace specializing in new and used electronics, has raised $3.7 million in seed funding. The investment round was led by Right Side Capital Management, with participation from notable angel investors such as C2 Ventures, Boro Capital, and EVPI Investments. As a…
- E Squared Investments, an impact investor, has participated in a pre-seed extension funding round led by 4DX Ventures into Zoie Health, a health tech company. Zoie Health aims to address the limited services available to assist working-class young women, pregnant women, and mothers in taking…
- Peach Cars, the Kenyan-based automotive marketplace, has successfully raised a $5 million seed round. The primary contributors included The University of Tokyo Edge Capital Partners (UTEC) from Japan, as well as angel investors such as Shintaro Yamada (founder and CEO of Mercari), Peter Kenevan (VP…
- Fast Credit Limited, a fintech company based in Nigeria, has successfully raised $3.6 million through a groundbreaking Commercial Paper Series issuance. This major accomplishment underlines the faith investors have placed in the firm’s unique business model and strategic vision, as well as its…
- Cybersecurity research firm Indusface has released a study highlighting Senegal as the leading African nation in cyber security, making it the safest for companies implementing remote work models. The research, which evaluated metrics such as DDOS attacks, phishing and malware-hosting sites, and…
- Haul247, a Nigerian startup, has distinguished itself in the dynamic logistics sector by introducing a groundbreaking concept known as the “Airbnb-for-trucks.” This innovative platform seamlessly links businesses with essential haulage and warehousing resources, revolutionizing the industry. …
- The implementation of guidelines by Kenya’s ICT regulator, the Communications Authority (CA), regarding phone brands has been largely ineffective, leading to non-compliance from companies like Samsung. Back in 2018, the CA published comprehensive guidelines that outlined the necessary features and…
- Shuttlers, a Nigerian startup that specializes in shared mobility services, is actively seeking vehicle partners, including car owners, to expand its operations. To qualify, cars must be from the 2007 model or later, while Hiaces and coaster buses must have air conditioning. Shuttlers operates a…
- AI-powered platforms have been known to revolutionize several industries of which the Digital art industry is one of such. Due to the infusion of AI in this industry, Artists can now broaden their creative process, explore new frontiers and produce astonishing digital artworks. Here are some of…
- WhatsApp has recently launched Channels, a feature that allows users to broadcast messages to a large number of people. This feature is similar to Telegram and Slack channels, which have been popular with users for some time. WhatsApp Channels are currently live in Colombia and Singapore, but the…
- Amazon Web Services, Inc. (AWS) today announced the launch of its first Amazon CloudFront edge location in Lagos, Nigeria. This new edge location will provide Nigerian customers with faster content delivery, enhanced security, and application-level protection. Amazon CloudFront is a content…
- Adbot, a South African ad-tech startup that uses AI to help small businesses drive productive online advertising campaigns, recently announced its plans to extend into Nigeria after endorsing a seed round. Data obtained from a McKinsey report shows that the number of Africans who utilize online…
- In response to the mounting issue of global electronic waste (e-waste), Samsung Electronics East Africa has launched an e-waste collection program in partnership with Nairobi-based retailer, Housewife’s Paradise. The initiative, marking the 50th anniversary of World Environment Day, aims to tackle…
- Avanz Capital Egypt, a private equity fund subsidiary of Squared Capital International, has announced a $3.5 million investment in Trella, an Egyptian logistics startup, to bolster the growth of Egypt’s logistics industry. Established in 2022, Avanz Capital Egypt invests in startups and small-to-…
- As Africa steadily embraces solar energy to solve its persistent power challenges, Malawi’s solar pioneer Yellow has secured $14 million in a Series B funding round. This financing event is instrumental in the continent’s growing solar sector, which, according to the biennial Gogla-Wohave Bank…
- Mercedes-Benz is set to revolutionize how drivers interact with their cars by integrating cutting-edge chatbot technology into their vehicles. In a groundbreaking move, the automaker will allow drivers to engage directly from behind the wheel with ChatGPT, the advanced chatbot developed by OpenAI.…
- The Middle East and North Africa (MENA) region experienced a remarkable surge in venture capital activity during May, signaling a strong recovery for the startup ecosystem. $445 million was invested in the region’s startups through 39 transactions, a significant jump from the mere $7 million raised…
- Most CEOs, managers, and human resource administrators in small to large African firms have struggled with employee upskilling for many years. According to the International Finance Corporation, nearly 200 million jobs requiring digital skills will be available in Sub-Saharan Africa alone. Knowing…
- Binance, one of the biggest cryptocurrency exchanges, has separated itself from Binance Nigeria Limited and made it clear that the recent ban on the Nigerian company by the Nigerian Securities Exchange Commission (SEC) does not affect its operation. A report by the online platform Mariblock showed…
- If you use Google advertising, you’ll have to worry less about the placement of your advertising now that Google has introduced new AI-powered features. With over 246 million unique visitors per month and the ability to reach 80% of internet users daily through its Display Network, these two AI-…
- Just as Africar Group led a digital revolution in Africa’s automotive industry, African Property Group, a subsidiary of ECV Group, is harnessing the power of technology to reshape Africa’s real estate landscape. African Property Group[APG] is a major player in online marketplaces in African markets…
- International Finance Corporation and Multilateral Investment Guarantee Agency of the World Bank Group have announced a $157.4 million equity investment to provide millions more Ethiopians with accessible, dependable mobile and internet services. According to a statement from the IFC, the fund is…
- Haul247, a Nigerian end-to-end logistics digital platform that connects companies with haulage and warehousing assets on a single platform, has raised $3 million in seed funding. Alitheia Capital’s uMunthu Fund was the major investor in this round. Investment One gave a loan to help fund the round…
- The biggest cryptocurrency exchange in the world, Binance, has been told to stop doing business in Nigeria. This is because a local branch of the company that tried to get Nigerian investors to invest online was doing so illegally, according to the country’s markets regulator The Nigerian…
- Rology has bought Arkan United, a teleradiology company based in Jeddah, Saudi Arabia. Rology is the market leader in teleradiology in the MENA area. Amr AboDraiaa, Moaaz Hossam, Mahmoud Eldefrawy, and Bassam Khallaf started Rology in October 2017 to help with the lack of doctors worldwide. Rology…
- Ride-hailing drivers in Nigeria have returned to work after a week-long strike, but some of their demands have still not been met. The drivers went on strike last week to protest low fares and high commissions charged by ride-hailing companies, such as Bolt and Uber. They also demanded that the…
- Electronic sports (eSports) is a rapidly growing industry that is gaining popularity around the world. In Africa, eSports is still in its early stages, but it is growing fast. Several factors are contributing to the growth of eSports in Africa, including: A growing population of young people:…
- E-hailing drivers in South Africa are facing an uncertain future after a recent ban on their operations in Soweto malls. The ban, which was agreed upon by the Soweto United E-hailing Association, the Soweto Taxi Association, and other stakeholders, is expected to last for three months. The ban…
- Kenya and South Korea have signed a memorandum of understanding (MoU) to build smart cities in Kenya. The MoU was signed by the Kenyan Ministry of ICT and Digital Economy and the Korea Trade Center Nairobi (KOTRA). The MoU will see the two countries cooperate on some projects, including: The…
- LetsChat, a new messaging app from TikTok’s parent company ByteDance, has been downloaded over five million times since its launch in 2021. The app is designed for young African users and offers several features that are not available on WhatsApp or Telegram, such as free voice and video calls,…
- In an unexpected move, the government of Nigeria has passed a new law that will tax cryptocurrencies although crypto experts say it could fail The Central Bank of Nigeria prohibited people from trading cryptocurrencies in 2021. On the eve of leaving office in 2023, the Buhari-led government, which…
- This startup thinks that people’s communication in Africa should be very different. So they are getting their hands dirty with new help worth millions of dollars. If the pan-African communication platform-as-a-service (CPaaS) company Termii had its way, digital communication in Africa would be…
- A school in the township of Zwelethemba near Worcester, in the province of Boland, sends 16 students to the United States to participate in an international robotics competition According to SABC News, this is because a math teacher named Kudakwashe Takawira started a “Science, Technology,…
- Do you want to see King Charles and Queen Camilla do some cool dance moves at the party after they were crowned king and queen? Pope “P. Diddy” Francis wore a puffy jacket.? It’s all in a day’s work for today’s smart image-generation bots, which give some people a fun way to express their…
- Nigeria’s lack of cash has led to a rise in digital payments, and fintech companies have been very important in meeting the growing demand. Mxolisi Msutwana, the chief operating officer of Baxi, says that as the country moves toward cashless transactions, digital payment providers are taking the…
- Maltento, a business that wants to find functional compounds in insect-based feed solutions, just finished a $3.3 million capital raise with Sand River Venture Capital. The investment is a big step forward in the company’s goal to create new and sustainable solutions for the animal feed market. We…
- Digital Africa, a leading group that promotes technology advancement and innovation in Africa, is excited to announce that it will invest in the Ivorian startup Fatala Digital House. This strategic partnership aims to speed up the digital change of European and African businesses, primarily by…
- Zindi, as a founding member of the South African Artificial Intelligence Association (SAAIA), is taking the initiative to further AI education and re-skilling in South Africa. Launching SAAIA aims to get people to see AI as an important tool for education and social change. AI can improve economic…
- I’M IN, a leading platform for would-be entrepreneurs has launched a new partnership with Telkom FutureMakers. This gives its ideation program another well-known funder. This relationship shows it is even more dedicated to encouraging creativity and providing female students with the tools to…
- Did you know that the Digital Sprinters study says digital transformation could help Africa grow its economy more quickly? One important thing is to work on developing skills, especially in safety. Cybersecurity Ventures says there are about 3.5 million job openings in this field, a 350% increase…
- TechCircle, a tech-enabled builder based in Nigeria, has launched the 3rd edition of PITCH2WIN, its flagship startup competition, to help early-stage startups and founders in the ecosystem sector get noticed. The company has invested more than $200 million in African startups like Reliance Health,…
- Even though there was a lack of funding worldwide in 2022, African startups collected more money than they had in previous years. Africa’s tech ecosystem continues to draw attention worldwide because of its smart tech entrepreneurs. These entrepreneurs are building clean-tech solutions to climate…
- To provide a solution to faster healthcare services, Siemens Healthineers, a pioneer healthcare technology, has decided to work with a German drone manufacturer and service provider Wingcopter. The duo signed a Memorandum of Understanding (MoU) to develop a drone delivery solution that could…
- The global blockchain gaming market is projected to witness remarkable growth in the next seven years, reaching a value of $300 billion. Experts and industry analysts anticipate this surge to be fueled by the adoption of blockchain gaming by traditional gamers, as highlighted in a report from…
- The Google for Startups Growth Academy has launched a new program called AI for Health, aimed at supporting high-potential startups in Europe, the Middle East, and Africa that are dedicated to leveraging AI technology in the healthcare sector. This initiative is part of Google’s ongoing efforts to…
- In a world where traditional systems in politics, finance, e-commerce, and healthcare are showing signs of failure, the importance of blockchain technology is growing. With its ability to provide secure, transparent, and immutable transactions, blockchain has the potential to revolutionize…
