- Through the Egyptian Space Agency, the Africa Development Satellite Initiative, also known as AfDev-Sat, will present its prototype satellite at the 27th Conference of the Parties (COP) in Sharm El-Sheikh. This presentation comes after years of research Egypt said it would show the prototype, which…
- Spotter, an open finance startup in Morocco, has received funding from UM6P Ventures in an amount that has not been made public. The news was shared on LinkedIn, a site for professional networking. The startup firm participated in the inaugural Plug and Play acceleration program hosted in Morocco…
- Uniccon Group, a two-year-old Nigerian technology corporation, has constructed a humanoid: a 6-foot-tall bilingual human-like robot called Omeife, somewhere in Mabushi, a crossroads between the inner and outer districts of Abuja, Nigeria. From an idea that was thought of in 2020 to a back-and-forth…
- The largest digital infrastructure event in Africa, AfricaCom 2022, will feature YahClick, the Data Solutions division of Al Yah Satellite Communications Company PJSC, where they will present their most recent solutions addressing connectivity and security in the area. AfricaCom 2022 will be held…
- AJA.LA STUDIOS LTD (ajala), the leading provider of enterprise voice automation solutions for the African market, has announced that speech recognition capability for Ghanaian and Nigerian English will be available beginning in November 2022. Currently, ajala supports voice recognition and speech…
- To change the education sector in Kenya, we intend to highlight our market-leading education technology solutions. On 3rd November 2022, Adapt IT Education Division (“Adapt IT Education” or “the organisation”) and IT News Africahosted an industry thought leadership breakfast event at the Serena…
- GeForce NOW, the premium cloud gaming service offered by NVIDIA, will launch in South Africa in the early part of 2023 as a result of a cooperation between NVIDIA and Rain, a mobile network operator in South Africa. GeForce NOW uses cloud technologies to stream PC games with ultra-low latency from…
- The Internet is captivating, so African telcos are diving right in, buying spectrum licenses and launching new services. With more 5G networks on the way and more than a dozen already up and running, the new focus brings several questions. Mobile World Congress (MWC), the most crucial event in the…
- Safaricom, a Kenyan telecommunications provider, has become the first firm in the East African area to roll out the technology commercially. The launch of Safaricom’s 5G high-speed internet service in Kenya makes Safaricom the first company in the region to do so. The 5G service, which Nokia and…
- Shoprite Group, a South African store, has joined a group of investors led by Buffet Investments and KLT in an expansion round for Omnisient. Omnisient is Africa’s first data collaboration platform that protects privacy. Omnisient says that its bank-grade encryption technology, which makes customer…
- CMC Networks has released IP Premier, a high-performance dedicated internet access (DIA) solution that is meant to speed up the adoption of SD-WAN across Africa. IP Premier has strict service level agreements (SLAs) for jitter, packet loss, and round-trip delay (RTD). Besides its regular…
- A pan-African technology entrepreneur training program has announced the five start-ups from five nations that will compete in the 2022 MEST Africa Challenge pitch competition. Sproutly from Nigeria, Kweli from Senegal, Swoove from Ghana, Hisa from Kenya, and Desert Green Africa from South Africa…
- Yabx plans to bring new fintech solutions for digital lending to the country and help banks launch new and innovative products for people new to credit segments such as Buy Now Pay Later, Payday loans, MSME loans, Personal Loans, etc Yabx, a FinTech company based in the Netherlands, announced that…
- While Stellenbosch in the Western Cape is well-known for its wine, the neighbouring Kayamandi is currently on track to become South Africa’s first smart township. This is described as an innovative community in which a combination of high- and low-tech solutions play a critical role in addressing…
- The Federal Ministry of Communication and Digital Economy’s National Information Technology Development Agency (NITDA) has announced the Blockchain Developers Scholarship to train 30,000 Nigerians on blockchain technology. Kashifu Inuwa CCIE, the Director General/CEO of NITDA, announced the scheme…
- Payhippo, a Nigerian credit-led SME fintech company, has said that it wants to buy Maritime Microfinance Bank (MFB). This bank specializes in saving products, demand deposits, investments, and micro and SME loans. The deal, which is more of an “acqui-hire,” will give Payhippo direct access to…
- The cryptocurrency platform Luno and the non-profit group FoodForward SA have joined forces to make it possible for South Africans to give money to charity using bitcoin. Andy Du Plessis, who is the managing director of FoodForward SA, says that using crypto for donations makes them more…
- West African private equity fund manager CardinalStone Capital Advisers (CCA) has invested $6 million in AfyA Care as part of the company’s Series A capital raise. AfyA Care is a healthcare group that offers hospital care, health insurance, and services related to health tech in Nigeria. The…
- SmallSmall, a property tech firm, has raised $3 million in seed funding to expand operations across Nigeria. The fund, made up of $2 million in equity and $1 million in debt, will help SmallSmall reach its goal of offering flexible, high-quality housing solutions and financing to people who want to…
- Five African startups have won cash prizes in the Orange Social Venture Prize (OSVP) in Africa and the Middle East. The OSVP was started in 2011 to recognize the best tech startup projects that help people or the environment in their region or align with sustainable development goals. The digital…
- Since its launch in Africa, the top global streaming platform Spotify has shown that it is committed to helping African creators advance their careers through on-platform and off-platform support programs. In line with this, the company has announced the Africa Podcast Fund, the first program of…
- Tobechukwu Okigbo, the Chief Corporate Services Officer (CCSO) of MTN Nigeria, has stated that investment by major Nigerian companies in startups will allow the ecosystem to grow. Okigbo talked about the current state of the tech ecosystem at the Technology Breakout Session Panel at the Ehingbeti…
- Classera, a global edutech e-learning company that focuses on emerging markets, has successfully closed a $40 million Series A round of funding, making it the largest funding round in EdTech history for a company with no previous funding. This is also the largest funding round in Edtech, MENA, and…
- Flourish Ventures, a global venture capital firm that invests in fintech entrepreneurs with a social mission, has started Madica, a structured investment program for early-stage tech companies in Africa. To help mission-driven and under-represented founders, the new sector-agnostic program will…
- South Africa’s financial conduct regulator says that cryptocurrency financial companies must apply for a license between June 1, 2023, and November 20, 2023, to operate legally. During a news conference, Eugene Du Toit, head of the Financial Sector Conduct Authority’s (FCSA) Regulatory Frameworks…
- Safaricom has announced the availability of 5G Wi-Fi, which will provide its users with speedy internet at home and business, complementing its expanding fibre network. Safaricom was the first service provider in Kenya to announce 5G trials in March of last year. This means that customers in 5G-…
- Coursera, a global online learning platform, has partnered with Nigeria’s National Information Technology Development Agency (NITDA) to help the country transition to a digital economy. This partnership was made official on Wednesday. The online learning platform will work with NITDA to give some…
- NTT Ltd,the parent company of Dimension Data and a leader in IT infrastructure and services, announced that its newest data centre would open in Johannesburg, South Africa. NTT’s plan to grow in Africa includes building the Johannesburg 1 Data Center. It will have a capacity of 12MW and cover 6,…
- An Egyptian fintech startup, Money fellows, has raised $31 million in its latest series B funding round. Commerce Ventures, Middle East Venture Partners (MEVP), and Arzan Venture led the funding round, including funds from National Investment Company (NIC), Invenfin, Sawari Ventures, and existing…
- The Catalytic Africa co-investment fund helped startups in 10 African countries in its first year. The fund was started by the African Business Angels Network (ABAN) and AfriLabs in 2019. They say that in the last year, they have finally closed deals in 10 countries. AfriLabs, a pan-African network…
- The Ecobank Group announced on Friday that ‘Touch and Pay,’ a Nigerian fintech, had won the 2022 edition of the Ecobank Fintech Challenge. The announcement was made at the program’s Grand Finale, held at Ecobank’s headquarters in Lomé and presided over by H.E. Cina Lawson, Minister of Digital…
- Mercy Corps and BFA Global are in charge of the Jobtech Alliance, an ecosystem-building project for inclusive job technology in Africa. Recently, they announced the launch of two programs: the Catalyst Jobtech Accelerator and the Jobtech Innovation Lab. These programs help digital platforms connect…
- South Africa’s e-commerce market has exploded and is expected to grow exponentially in the coming years. However, online retailers will need to improve not only their digital strategies but also their security measures, according to Gur Geva, co-founder and CEO of tech start-up iiDENTIFii. South…
- A newly established fund provides qualifying small and medium-sized enterprises (SMEs) in the agro-processing and manufacturing sectors with much-needed debt financing. The South African SME Debt Fund was started in the second quarter of 2022 with an initial capital of R400 million. It is a…
- Writing on the internet is at an all-time high, and more than ever, readers’ appetites for high-quality work has increased.Content platforms and collectives are being set up worldwide to help writers write high-quality content for a large audience. These companies and groups give writers an easy…
- Wasoko is the most valuable tech startup in East Africa. Zanzibar is using it as an anchor company to make the island the next place for tech talent and innovation in Africa. Zanzibar is hoping that more investors will be interested in business-to-business (B2B) e-commerce startups in Africa to get…
- According to an announcement by Co-Creation Hub (CcHub), in partnership with Google, Rwanda’s Ministry of ICT and Innovation, and Mojaloop Foundation, six companies have been chosen to participate in the second cohort of the Fintech Incubation Programme. The program’s first cohort of nine startups…
- Early-stage businesses that do business in francophone African countries can apply to Fuzé, a Digital Africa investment facility, for up to EUR50,000 (US$48,000) in equity capital. In 2018, President Emmanuel Macron started the Digital Africa initiative, a group backed by the French government that…
- Satgana, a Luxembourg-based venture capital firm that invests in climate technology, has announced the first closing of its fund. The fund’s goal size is EUR30 million (about $29 million), and Satgana plans to invest in Africa and Europe. Satgana intends to invest in entrepreneurs that provide…
- Many things can go wrong with a startup, but a lack of product-market fit could be the main. Hub One, an innovation hub run by Leadspace by Passion Incubator and owned by First City Monument Bank (FCMB), will host the ultimate product pitch session as part of its ongoing efforts to help the startup…
- MYDAWA, Kenya’s e-pharmacy platform, has created a Kenyan telehealth solution focused on HIV prevention. With financial backing from the Bill and Melinda Gates Foundation and collaboration from institutions such as the University of Washington, Jomo Kenyatta University of Agriculture and Technology…
- Andela, a global marketplace for technical talent who work from home, is now accepting applications for its upcoming EPIC Tournament. In collaboration with HackerEarth, the tournament will have the world’s best developers work in teams to develop solutions that will help the growing number of…
- Binance Charity, the company’s philanthropic arm, has teamed up with Utiva, a tech education company in Africa that helps young people learn tech skills. Binance is the world’s largest cryptocurrency exchange and blockchain infrastructure provider. The new partnership will teach technology to 50,…
- round Seqoon, an Egypt proptech co-ownership startup, has raised USD 500,000 in a pre-seed round through Banque Misr’s pilot program to assist innovative startups in Egypt. Other well-known angel investors from the MENA region also took part. Seqoon was started this year by Omar Eldessouky and…
- The Egypt-based debt advisory firm Ezdaher Financial Advisory has received EGP47 million in funding from Qatar National Bank ALAHLI (QNB ALAHLI) for a power purchase agreement (PPA) battery storage system. KarmSolar is a leading solar energy and multi-utility company. This is a part of Phase 2 of…
- i’SUPPLY, a digital B2B multi-seller marketplace for the pharmaceutical industry, has successfully acquired US$1.5 million in its pre-Seed fundraising round. The money will be used to connect pharmaceutical companies with small and medium wholesalers and pharmacies for financing. Disruptech…
- Gitex, an annual event in Dubai, United Arab Emirates (UAE), where big tech companies and start-ups show off their latest innovations, has announced that it will hold its first-ever event in Africa. This is because of the continent’s potential for technological progress and its growing desire for…
- Pillow, based in Singapore, has raised $18 million in Series A funding from Accel, Quona Capital, Elevation Capital, and Jump Capital. Arindam Roy, Rajath KM, and Kartik Mishra started the Pillow platform in 2021. More than 75,000 people use it in more than 60 countries to save and invest in…
- Large African companies often have trouble getting paid because the continent has many different currencies, government policies, and payment systems. Due to the continent’s varying currencies, differing government policies, and fragmented payment systems, large African organizations frequently…
- With Nigeria becoming the continent’s most thriving ground for tech startups and holding the record for the highest number of tech venture capital funding as of September 2022, It appeared that a piece of the puzzle is missing: a big government plan to grow and support the ecosystem. For years,…
