- Nasdaq-listed Swedish health-tech company Olink said that the regional proteomic facility D-CYPHR in Cape Town, South Africa, has started using Olink technology to study tuberculosis and other diseases. The building was the first place to offer services for the Olink® Target 96, Target 48, and…
- The International Diabetes Federation says diabetes will kill about 96,000 people in South Africa in 2021. Also, 1 in 9 adults South Africans have the disease, but 45.4% of those with the disease in the country don’t know they have it. In the past few years, many health tech companies in the…
- HousevAfrica, a Nigerian proptech startup, got $400,000 in funding to back its digitalization and transparency tools for real estate and also to increase its staff. Sytemap.com, its flagship product, combines blockchain technology and maps to create a private land registry by buying and selling…
- Payday, a Nigerian neo-bank that enables Africans to access global accounts denominated in EUR, USD, and GBP, has announced that it has raised $3 million in a seed funding round led by Moniepoint. The funding round was initially to raise $1.5 million which it has exceeded. Other investors involved…
- WhatsApp has introduced its official account of its chat app, which enables users to receive updates and tips about the social platform. WABetaInfo reported that the feature is available for iPhone and Android users who have the latest version of WhatsApp. However, it is reported to be available to…
- For many years, traveling and migration have been a continual practice, as individuals usually move for different purposes, including to gain a global credential, to work or link up with family abroad, to flee a crisis from their native country, to adjust their setting or become exposed to and…
- Twitter has chosen to eliminate the “legacy” blue check mark badge for verified accounts on the first of April. The purpose of this is to make the account verification process more transparent and better organized. The blue checkmark badge Twitter introduced in 2009 has become a well-recognized…
- DFS Lab, a fintech incubator cis working with the Stellar Development Foundation to start a fund for African start-ups that want to change how digital payments work. The DFS Lab Stellar Africa Fund I will give money to teams and builders in Africa that are promising and are building on the Stellar…
- Uber is working hard to reach its goal of zero pollution by 2040. This goal was made three years ago. Jennifer Vescio, Uber’s chief business development officer, says that the company is counting on its partners, like lawmakers and car makers, to adopt electric-vehicle technology to reach its goal…
- Nigeria’s newly announced President-Elect, Bola Ahmed Tinubu released an 80-page manifesto in October 2022 which expresses his plans for the technology sector titled, “The Digital Economy: Taking advantage of the Fourth Industrial Revolution.” Note that the President-Elect, is a two-time governor…
- Reports from the Nigerian Communications Commission inform us that Nigeria loses over $500 million years because of cybercrime. In light of this, Mastercard has partnered with NowNow, a Nigerian digital payment start-up that helps small and medium-sized enterprises (SMEs) lower the risk of…
- Social media has transformed the way businesses connect with their target customers around Africa and even the world at large. This depth of digital penetration has caused many businesses to leverage the force of social media to their advantage when marketing value to potential customers. A recent…
- Guardrisk has launched a new Initiative called LAUNCHPAD which aims to support insurtech Startups. They are a South African cell captive insurance provider with a budget of ZAR50 million($2.8 million) and are on the lookout for partnerships with venture capital investors. A Partnership with them…
- Twitter is looking for someone who leaked some of its source code and put it on GitHub, which Microsoft owns.The New York Times says the code had been online for months until Twitter took steps on Friday to remove it. Executives into the situation claim that the leak may have been caused by a…
- Lagos-based Fez Delivery got $1 million in seed funding from Acasia Ventures, Voltron Capital, and angel investors, who pan-African investor Ventures Platform led. Seun Alley, a former banker who has worked at Nigerian startups like OPay and Bloc, started Fez Delivery in 2020. The company says that…
- Kora, a pan-African payments infrastructure, has introduced USD card-acquiring to enable merchants on its platform to accept US dollars. This move aims to allow Kora’s merchants to build truly global businesses, accelerating Africa’s involvement in international trade. Sandra Israel-Ovirih, in…
- Côte d’Ivoire has passed a new law called the Ivorian Startup Act, which is meant to help the most potential startups in the country. It is part of the country’s plan for national growth, which puts a lot of emphasis on new technologies and startups with a lot of potential. The Startup Act is…
- The Africa Women Innovation and Entrepreneurship Forum (AWIEF) has said that registration is now open for its annual conference and awards. On November 9 and 10, 2023, the legendary AWIEF event will take place at the Kigali Convention Center (KCC) in Kigali, Rwanda. This event is happening for the…
- The South African venture capital firm Kalon Venture Partners wants to form a $50 million fund to invest in African firms outside of South Africa. Kalon was started in 2016, and it invests in startups that have already started making money and have the potential for significant growth and impact.…
- Over the last few decades, the city of Lagos, located in Nigeria and home to no less than 425 different startup companies, has developed a reputation for being one of the most important centers for innovation and entrepreneurship in all of Africa. Nevertheless, one state, in particular, has…
- WomHub is an innovation, and women started coworking space in Cape Town. It is now available to the public. The space aims to give women entrepreneurs, freelancers, and professionals a workplace and a community to support them. WomHub is a coworking space in the center of Cape Town. It is…
- To bring digital excellence to Azule Energy’s operations and activities, the world’s leading industrial software provider encouraging innovation and sustainability has teamed with Angola’s largest independent oil and gas operator. The partnership agreement will enable Azule Energy – a 50/50 Joint…
- More than 88,500 telecom operators, entrepreneurs, corporations, and governmental institutions came to the event in Barcelona to network and make relationships that matter through connectivity. The event is put on by GSMA, a group of mobile network carriers from around the world. In September, the…
- Nanobank, a lending business formed by combining its micro-lending business with Mobimagic’s point-of-sale business, sold out most of its business in Asia to Opay in exchange for shares for an undisclosed private equity firm. For Opera, the consumer internet brand to increase its stakes in Opay, it…
- African investment firm ShEquity Partners, which focuses on women, has started accepting applications for the fourth round of the ShEquity Business Accelerator. (SHEBA). ShEquity is an investment organization that puts money into innovative, effective, and scalable businesses operated by women in…
- Factor[e] Ventures has announced the creation of Delta40. This new venture studio will focus on developing and investing in technology-driven businesses in Africa to boost local incomes and combat the effects of climate change. Delta40, led by seasoned entrepreneur Lyndsay Holley Handler, wants to…
- A robust market intelligence strategy gives startups a constant bird’s-eye view of the market.With a bird’s-eye view of the market, your organization can remain strong in volatile marketplaces, quickly pivoting as necessary. Most product sales in emerging areas like Africa happen offline. This is…
- JP Morgan, the biggest bank in the United States and the world based on market capitalization, now had a regional office in Nairobi, Kenya. The American banking giant is present in Nigeria, Egypt, South Africa, and Kenya. These countries are referred to as “the big four” because of their highly…
- Airtel Mobile Commerce Uganda Limited (AMCUL) has launched a new partnership with Prudential Assurance Uganda Limited and Turaco Insurance Brokers Ltd. This cooperation aims to make it easier for low-income families and underserved communities in Uganda to get insurance. The new hospital cash…
- The Board of Directors of the African Development Fund has authorized a $3.9 million grant to help pay for a project to improve Liberia’s payment infrastructure and processes. The Bank’s concessional lending window cleared the grant on March 17. The project’s primary goal is to improve the payments…
- Tech and creative industries have grown recently in Nigeria and have made it a ground for start-ups in these sectors. Propelled by a higher density of youth population and amount of internet penetration, the country has produced successful tech companies like Flutterwave and Paystack, as well as…
- Africa Data Centres, a Cassava second-class technology, and a group of Africans with a common interest in technology have agreed with TechAccess to launch a Data Centre Infrastructure Management (DCIM) solution. DCIM has been used to assess, test, and also make reviews regarding the management of…
- Twitter Blue, the paid subscription service for Twitter users, was announced in June 2021 to make the user experience on the platform better. However, when Elon Musk took control of the company, he introduced new features, along with the ability to purchase verification. Thus, making the fancied…
- The recent redesign of the Nigerian currency has drastically dropped the efficiency of digital banking in Nigeria, which also resulted in a cash shortage. However, people’s reliance on banking apps and USSD platforms has caused significant pressure on the already unstable digital banking…
- Amazon’s cloud computing business, AWS, is now accepting applications for the first time for the AWS FinTech Africa Accelerator. This is part of Amazon’s efforts to grow its presence in Africa. AWS’s well-known Startup Loft Accelerator runs this program; unlike other cohorts, this one will focus on…
- After selling Nanobank for $127 million in 2022, Opera, a Norwegian consumer internet brand, has raised its share in the Africa-focused neo-bank OPay from 6.4% to 9.5%. Opera used to own 42% of Nanobank, which was made when Opera’s microlending business and Mobimagic’s point-of-sale business joined…
- Fast Congo, which is owned by GBS and the Paratus Group, says that a lot of fibre capacity has been turned on in DRC. In the Democratic Republic of the Congo (DRC), Fast Congo, part of the Paratus Group, states that its 620-kilometer fiber optic network link between Muanda on the West Coast and…
- After its funding ran out, Zumi, a Kenyan e-commerce site that sold non-food items, shut down, adding to the growing list of digital businesses that have failed recently in Kenya. William McCarren, the company’s co-founder and CEO announced on LinkedIn that at least 150 individuals would lose their…
- Liquid Intelligent Technologies (https://www.Liquid.Tech) announced that it had bought the Cairo-based technology business Cysiv MEA, which used to be called SecureMisr. Some of Egypt’s most prominent corporations use this business to get enterprise cloud and cyber security services, especially in…
- Credable has secured $2.5 million in a seed round headed by Ventures Platform. Credable is an embedded finance platform that helps businesses, including e-commerce platforms, mobile carriers, and logistics organizations, by giving them technological stacks, scoring tools, and banking partners.…
- Nigerian finance startup Onepipe has gotten a $4.8 million credit line from pan-African investment company TLG Capital. The TLG Africa Growth Impact Fund (AGIF), a credit company that invests in the area south of the Sahara, has ended the investment round.00p Onepipe is a service provider offering…
- Almentor ,an online platform for learning Arabic through videos in Egypt. It has just received $10 million in a pre-Series C fundraising round. E & Capital’s technology investment section led this finance round. e& Capital has joined Partech, Sawari Ventures, Egypt Ventures, Sango Capital,…
- Verod-Kepple Africa Ventures (VKAV), an African platform for venture capital, has received $43 million for its pan-African venture fund. The fund invests in scalable, tech-enabled enterprises that are already making money and are solving hard problems in several industries on the African continent…
- The South African neobank Fin has acquired the Pretoria-based fintech company Thuthukani as part of its growth strategy. With the purchase, Fin Home Loans, Thuthukani’s extra housing finance service, will be renamed Fin Home Loans and added to Fin’s South African portfolio. The goal is to give…
- Microsoft has published its latest inclusion of 13 new African languages to its Azure Cognitive Services Translator. Making text and document translations across the Microsoft ecosystem of products and services possible. ChiShona, Hausa, Igbo, Kinyarwanda, Lingala, Luganda, Nyanja, Rundi, Sesotho,…
- Google’s new focus on gender parity has birthed the launch of a new program to empower women entrepreneurs in African countries. As of 2022, Google’s Black founders fund achieved 100% gender parity, a milestone that other accelerators like Y combinators and tech stars are yet to achieve. The…
- Recently, Andela, one of the top global talent networks connecting companies to remarkable engineering talents in Africa, obtained Qualified, an assessment platform that verifies top engineering talents. The acquisition of Qualified represents Andela’s first publicly announced acquisition.…
- International Women’s Day is a global day that celebrates the accomplishments of women while reminding us of the ongoing struggle for equality. Significant activity is witnessed worldwide as groups, individuals, companies and organizations come together to celebrate women’s achievements or rally…
- Several countries in Africa have experienced a dramatic increase in phishing attacks. Kaspersky, a leading cybersecurity firm, announced the global growth it achieved by 2022. Based on the company’s recent reports, Kaspersky’s anti-phishing system has prevented over 500 million attempts at…
- Nuru, an energy company based in the Democratic Republic of the Congo (DRC), has raised the first $1.5 million of its Series B funding round through a convertible note. A stellar group of international investors will invest the remaining funds during the financial close. Nuru is a 2020 startup that…
