- Moove, an African fintech start-up says it got £15 million (about $17 million) in debt financing from Emso Asset Management, bringing its total funding to $200 million. In July 2022, the company got $20 million in debt funding. The Lagos-based start-up, which has a growing customer base of mobility…
- Airtel Zambia has said that it has bought 60MHz of additional spectrum in the 800MHz and 2600MHz bands from the Zambia Information and Communications Technology Authority (ZICTA) for a total of $29 million, paid in Zambian Kwacha. Airtel Zambia said that it bought 60MHz of additional spectrum in…
- eFinance Group, a state-owned provider of digital payment solutions, has invested $5 million in Nexta, an Egyptian company that plans to launch its banking app in the coming months. This news comes after Nexta said in March that it had raised $2 million in a pre-seed round led by an Egyptian early-…
- Primedia, a media company in South Africa, said it had bought land in Africarare’s Ubuntuland metaverse. The company announced this at its first PrimeX event in Johannesburg. It said that the move was in line with the group’s strategy of entering new markets, expanding its content offerings, and…
- Founders focus on developing the best product and searching for clients at the start of their start-up journey. Isn’t this the essence of entrepreneurship? Yes, but only to a certain extent. When I started my first business at the beginning of 2017, I thought that being an entrepreneur meant three…
- A new e-commerce company called Bumpa just raised $4 million in its just completed seed funding round.Base 10 Partners led this round, and Plug & Play Ventures commerce fund, SHL Capital, Jedar Capital, Magic Fund, DFS Labs, FirstCheck Africa Angel Program, E62 Ventures, Club14, and Fast…
- Trella, an Egypt-based B2B truck-hailing platform, has announced that it has received a $6 million debt funding from ALMA Sustainable Finance (ALMA) and the US International Development Finance Corporation (DFC) to support its operations’ growth. Trella is a B2B technology platform and trucking…
- Spatialedge, a company that offers AI solutions, has bought Cape AI, a South African tech startup whose goal is to help businesses grow by giving them the tools they need to make intelligent decisions using AI technology. The company works with big data and applied machine learning. It is based…
- Kenzz, an en e-commerce platform based in the Egypt and MENA region, secures $3.5million in a seed funding round. The round was led by Outliers Venture Capital, a venture capital firm focusing on the MENA area. Some of the investors who are taking part are Samurai Incubate, Foundation Ventures, and…
- MaxAB, an Egyptian B2B e-commerce marketplace that connects food and grocery stores to suppliers in Egypt and Morocco, has announced that it has raised $40 million in a pre-Series A funding round. The funds will fuel its expansion across the MENAP region, finance growth in its e-commerce arm,…
- Maplerad, a Nigerian banking-as-a-service platform, has received seed funding of $6 million from a venture capital firm run by Peter Thiel. Kuda and Yellow Card were their first and second African investments. Additional investors in the round include Michael Vaughn, the former COO of Venmo,…
- Cameroon’s new business community prepares for this year’s Silicon Mountain Conference. This year, the focus will be on developing local solutions for a sustainable digital economy. It is said to be the biggest tech event in the country. The conference will take place in Buea, a city on the eastern…
- Wise Move, a start-up based in South Africa, is preparing to shake up the transportation industry with the launch of a brand-new platform. After being developed for many years, it is now through a period of fast expansion and processing hundreds of movements. The Startup is not only being widely…
- The Nigerian government and Microsoft Corporation have signed a Memorandum of Understanding (MOU) to train five million Nigerians in high-demand technology skills that will help them advance in their careers. Professor Isa Pantami, who serves as Nigeria’s Minister of Communication and Digital…
- Food and the things we eat have shaped human history, culture, diversity, and aesthetics. It is critical to our survival. It brings people together. It establishes cultures. People in over 150 countries started a movement on October 16, 1979, to celebrate World Food Day. They did this to raise…
- At GITEX Global 2022 in Dubai, ShapShap, a Startup from Nigeria, won the $8,000 prize for the Supernova – Mobility and Smart Cities Innovator contest. This was a big win for both ShapShap and Nigeria. Khalil Halilu started ShapShap in 2019 as an on-demand delivery service that uses data and mobile…
- Herconomy’s pre-seed raise will go down in history. The Startup’s funding story stunned the tech community last year. Within 24 hours of its founder, Ife Durosimi- Etti’s Instagram post, the community-based Startup raised $600,000 in funding to scale its SaaS product, which provided women with…
- FlapKap, an Egyptian revenue-based financing platform, announced the completion of its $3.6M seed round, which included investors Bolt by QED, Nclude, Outliers, and A15. In a statement, Flapkap said it would use the money to help more e-commerce businesses in the MENA region grow and scale. The…
- Be Mobile Africa has launched a new multi-currency business banking platform for African businesses. Customers can apply for and open USD and EUR business accounts within 48 hours without visiting a bank branch in person. The new service from the neobank will make it easy for businesses to manage…
- Roboost, formerly known as Tayar, is an Egyptian technology start-up. It has raised a six-figure seed round from Falak Startups and AUC Angels. It also received additional funding from Flat6Labs. The company didn’t say how much money was raised in the most recent round. Roboost is an AI-powered…
- A South African mobility tech start-up with intentions to digitize the country’s notorious minibus taxi business has acquired an unknown amount of pre-seed funding from top angel investors. According to Loop founder Imtiyaaz Riley, this enables the company to roll out geolocation technologies and…
- The finalists and winners of the 2022 AWIEF Awards were revealed at a glamorous event on the rooftop of The Nile Ritz-Carlton in Cairo, Egypt. The AWIEF Awards Ceremony and Gala Dinner were the final events of the two-day AWIEF2022 Conference, which was hosted for the first time in North Africa.…
- Geidea, one of the largest Fintech companies in the region based on market share, has announced a strategic partnership with Visa, the world leader in digital payments, to bring Geidea’s advanced payment solutions to the Egyptian market. As part of the strategic partnership, Visa will invest in…
- On Friday, 14 October, South Africa’s payments and digital commerce ecosystem leaders will assemble for the inaugural Scale Summit. The event, hosted by payments fintech startup Stitch, will focus on optimizing money mobility for long-term growth. The Scale Summit will be held in Cape Town at The…
- Although Rwanda is a small nation, it is swiftly growing into a significant African innovation hub by thinking outside its borders. Sissel Hansen starts now. The country has a population of 13.58 million people, 60% of whom are youth. According to the 2020 Global Gender Gap Index, Rwanda ranks…
- The founders of three Nigerian start-ups are among the six ocean-minded entrepreneurs chosen for OceanHub Africa’s third cohort. They were selected from among 128 candidates from 33 nations to participate in an eight-month acceleration program. OceanHub Africa (OHA) is said to be the first and only…
- Over 600 people will be in Abidjan, the commercial capital of Côte d’Ivoire, for the Next Fintech Forum, which is the largest fintech event in Francophone Africa. This year, it will be held at the Radisson Blu Hotel on November 22 and 23. The organizers say that the 2022 event will have a market…
- Drug and medical equipment shortages in Rwandan health institutions are becoming a thing of the past, thanks to an innovation addressing procurement constraints. Viebeg Technologies, a Health Tech company, backed by venture capital, is making it easier for more people in Central and East Africa to…
- Google has built a new cloud region in Cape Town, in the country of South Africa. This move aligns with the company’s mission of helping Africa flourish digitally. Being the first of its kind in the area, Google joins companies like Amazon Web Services (AWS) and Microsoft Azure that have already…
- As part of its ongoing efforts to decrease its carbon footprint and assist Nigeria in meeting its quota for the UN Sustainable Development Goals (SDGs), Treepz Inc, a leading mobility platform, has teamed with FEMADEC Group to deploy natural gas-powered mass transit buses in Lagos, Nigeria, via its…
- Purple Elephant Ventures (PEV), a tourism-focused adventure studio in Kenya, has raised $1 million in seed funding to build the next generation of startups using technology to modernize the travel industry. Klister Credit Corp, a Canadian investment firm, The Untours Foundation, and several angel…
- Errandlr is a technology startup with headquarters in Nigeria that provides its services to businesses in the retail and logistics industries. You can compare ErrandLR to Paystack in terms of the logistics industry. Babajide Fowotade and Adeniyi Ibukun started the company in April 2021. One of…
- Thursday was the official launch of Kenya’s Safaricom’s Ethiopian network. Safaricom is the first private operator in one of Africa’s biggest telecoms markets, and the Ethiopian government was happy to see M-Pesa come to the country. The launch of Safaricom Ethiopia comes after a pilot program in…
- The eighth Africa Fintech Summit, held in Cape Town, South Africa, from November 2–4, 2022, will bring together fintech stakeholders worldwide. The venue for the conference is the Cape Town International Convention Centre. It is thought to be the leading fintech event in Africa. Through plenary…
- Today, Lipa Later Group, a buy now, pay later (BNPL) company, announced a partnership with Lami Technologies, an insurance technology company. This partnership will give Lipa Later Group’s customers access to reliable and affordable insurance for all products they buy through the Lipa Later…
- The world’s largest tech and start-up event, Gitex Global 2022, is coming back. The digital economy around the world is moving at full speed. The event will start next week in Dubai and focus on Africa’s tech ecosystems. The event’s ongoing expansion, according to organizers, includes the…
- Chari, a Moroccan B2B e-commerce company, received an extra $1 million in funding from Endeavor Catalyst as part of its series A extension. The most recent funding comes from Chari’s Series A round. Chari is an e-commerce app started in 2014 and aimed at small grocery stores in French-speaking…
- The Rwandan Startup Ecosystem is a new center for innovation that is ranked number 84 in the world and has dropped 15 places since 2021. It is perfect for Fintech, Software, Data, and Food-tech startups and ranks third for Eastern African startups. The best city in Rwanda is Kigali, ranked number…
- Microsoft is stepping up its cooperation with the bank to support the African Development Bank’s Youth Entrepreneurship Investment Banks (YEIB) Initiative. Through its African Transformation Office (ATO), Microsoft will work with the bank to create ecosystems for young entrepreneurs, jobs, and a…
- The municipality of Belp in Switzerland is located in a charming rural area characterized by a unique natural landscape preserved. Belp has a population of 11,500 people living in a 23.3 km2 area. Despite being only 15 kilometers north of Bern, Belp has substantial accessibility challenges in urban…
- Talk360, a South African app that makes international calls cheap and reliable, has raised an extra $3 million, bringing its seed round total to $7 million. This is almost five months after it closed its first seed round. Talk360 will use the money to grow its market share in South Africa, speed up…
- Numida, a Ugandan fintech firm, has received $12.3 million in equity and debt pre-series A investment to scale the continent. Serena Ventures led the round, and investors, including Breega, 4Di Capital, Launch Africa, Soma Capital, MFS Africa, and Y Combinator, participated. In addition, it was…
- Contact Financial Holding, Egypt’s non-banking financial services organization, collaborates with Trella via four subsidiaries: Contact Factoring, Contact Leasing, Contact Credit, and Contact Creditech. Each agreement gives Trella a customized way to pay for its working capital, carrier base,…
- The scheduling startup Calendly, valued at $3 billion, has recently acquired Prelude,a firm with a focus on the recruitment process. Prelude is designed to make it easy to set up job interviews and other meetings related to hiring. While announcing the acquisition, Tope Awotona, CEO of Calendly,…
- Paymob, an Egyptian shopping and payment app, has teamed up with Tabby, a buy-now-pay-later (BNPL) platform based in Dubai. This will help Egyptian retailers grow by letting businesses in Paymob’s network use Tabby’s split-in-four, interest- and fee-free payment solution through Paymob’s gateway.…
- In a pre-seed round, Partment, a PropTech company that lets people share second homes, raised $1.5 million. Nclude, a venture capital platform that focuses on investing in FinTech firms in Egypt and the MENA region, as well as Plus Venture Capital (+VC), a venture capital firm centered in the MENA…
- The world is quickly becoming more aware of the gender gap, and country leaders, investors, and company boards are behind it, pushing for more diversity and less of a gap between men and women in the funding landscape. Things are moving slower in Africa, the second most populous continent, where…
- SweepSouth, an online home services platform with a presence across Africa, announced today that it had completed an investment round with a total value of US$11 million. The round was led by Alitheia IDF (AIF), which is Africa’s first and largest gender-lens private equity fund. Since the previous…
- The biometrics tech company iiDENTIFii has raised $15 million in a growth capital round led by African investment company Arise. Rabobank Partnerships, Norfund, NorFinance, and FMO are also investors in the round. Additionally participating in the financing were the growth-stage private equity…
