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- The gender gap in STEM (Science, Technology, Engineering, and Mathematics) is a significant issue globally, with women historically underrepresented in these fields. Bridging this gap is essential not only for promoting equality but also for driving innovation and leveraging diverse perspectives to…
- Apple recently concluded an event at its Cupertino, California headquarters, where it announced the next editions of the Apple Watch, AirPods, and iPhone. At Apple’s “Glowtime” event on September 9, 2024, four new iPhone 16 models, the Apple Watch Series 10, the AirPods 4 headphones, and an…
- The triple-foldable phone was launched into the market by Huawei, which is the first company to do so globally. Aiming to outshine its American competitor, especially in China, the business unveiled the new Mate XT Ultimate Design on Tuesday, just hours after Apple revealed the iPhone 16 lineup.…
- Following the widely anticipated release of the iPhone 16 series on September 9, 2024, Apple has officially retired the iPhone 15 Pro, iPhone 15 Pro Max, and iPhone 13 models, marking a dramatic shift in its product lineup. Three of Apple’s most popular and distinctive smartphones will no longer be…
- Kasha, a Rwandan digital platform for last-mile health access, has received equity capital from Sanofi Global Health Unit’s Impact Investment Fund to help it grow into other African nations. In order to support its growth, Kasha completed a US$21 million Series B funding round last year. Now, it…
- Launch Africa Ventures, an early-stage venture capital firm, has created the Mezzanine Impact Fund, which invests mezzanine growth capital in leading technology firms with strong ESG values. Launch Africa Ventures, founded in July 2020 by Zachariah George and Janade du Plessis, with chairwoman…
- Namibia’s state-owned utility, NamPower, has agreed to develop the largest solar power plant in the nation, valued at N$1.6 billion ($89 million), with two Chinese companies. The 100 MW Rosh Pinah plant will be designed and built over the course of 18 months by the Chinese companies, Zhejiang Chint…
- The Federal Government and Google have announced a ₦100 million fund to support 10 Nigerian startups that use AI in their technological solutions. The goal is to foster AI innovation in Nigeria. Dr. Bosun Tijani, Nigeria’s Minister of Communications, Innovation, and Digital Economy, announced the…
- Field, a Nigerian healthtech company, has created a route-to-market service to introduce novel remedies for maternal mortality, infant and child health, and nutrition issues. The program, supported by an initial $11 million from the Bill & Melinda Gates Foundation, will make use of Field’s…
- Chpter, a Kenyan startup that has developed an AI-powered conversational commerce platform that allows businesses to sell more on social networks such as WhatsApp and Instagram, received US$1.2 million in pre-seed capital to continue developing its product and expanding across Africa. Pani led the…
- WomHub, a South African female empowerment initiative, has collaborated with the Visa Foundation to develop the STEM is Everywhere programme, which aims to empower and support early-stage female founders in STEM (Science, Technology, Engineering, Mining, and Manufacturing) enterprises. WomHub is a…
- In recent years, Africa has become an emerging hotspot for venture capital (VC) investment, driven by a combination of rapid technological innovation, a growing middle class, and increasing internet penetration. African startups are addressing some of the continent’s most pressing challenges in…
- The green tech revolution in Africa is gaining momentum as governments, businesses, and communities seek innovative solutions to address environmental challenges while promoting sustainable development. Africa’s unique geographical and economic landscape makes it an ideal region to leverage green…
- Cybersecurity is a growing concern for African businesses as they embrace digital transformation. While challenges such as limited awareness, regulatory gaps, and budget constraints remain, implementing strategic solutions like training, investment in infrastructure, and regulatory improvements can…
- Ampersand, a Rwandan EV energy tech company, has raised additional funding, bringing its total funding raised in the past 12 months to US$21.5 million. Additional funds of an undisclosed sum have been added to the $19.5 million that the company raised in January of this year. AHL Venture Partners,…
- Over the weekend, Telegram CEO Pavel Durov was arrested in France, bringing the mysterious founder into the limelight. The warrant pertaining to Telegram’s lack of moderation led to the Saturday detention of Russian-born Durov at Paris’s Bourget Airport. Prosecutor Laure Beccuau of France stated in…
- The Meltwater Entrepreneurial School of Technology (MEST Africa) has announced the launch of the sixth edition of the MEST Africa Challenge (MAC) in collaboration with the Norwegian Embassy. The goal of this year’s challenge is to find and support outstanding AgriTech entrepreneurs who are…
- Omnisient, a “privacy-by-design” startup based in South Africa, has raised US$7.5 million in Series A funding to support its growth across Africa and beyond. Arise, a company that finances fintechs that promote financial inclusion and African financial service providers provided the Series A…
- Sukhiba, an innovative conversational commerce and CRM platform based in Kenya, has raised $1.5million in seed funding to expand into Africa and other emerging countries. Leading the funding round was EQ2 Ventures. Along with returning investor CRE Ventures, other prestigious investors in the round…
- Workpay, an Africa-focused cloud-based HR, payroll, and benefits platform, has secured $5 million in a Series A round, with Norrsken22 as the lead investor. Visa, Y Combinator, Saviu Ventures, Axian, Plug n Play, Verod-Kepple Africa Ventures, and Acadian Ventures, a venture firm focused on…
- NoorNation, an Egyptian climate-tech startup, has received an undisclosed investment from KBW Ventures, which was founded by Saudi Prince Khaled bin Alwaleed, to help it scale. NoorNation, founded in 2021 by Ragy Ramadan, offers the off-grid industry in Egypt and Sub-Saharan Africa technologically…
- Egypt’s T-Vencubator, a renowned venture capital firm and incubator, has launched its inaugural funding program, with the goal of investing in five startups before the end of the year. Through the combination of venture capital and incubation, T-Vencubator helps close the technical and…
- Solarise Africa, an energy-as-a-service provider for businesses across Africa, has announced a funding agreement with Mergence Investment Managers, resulting in a $8.9 million investment. PSG Capital, an African corporate finance advising business, served as the transaction’s principal advisor and…
- Lucky ONE, a leading consumer credit fintech company in Cairo, has successfully raised $3 million in the form of a convertible note. This funding will help the company reach profitability by Q12025 and expand its credit lending services to a wider segment of the Egyptian population. Current…
- Artificial Intelligence (AI) and Machine Learning (ML) are revolutionizing industries across Africa, offering innovative solutions that drive efficiency, enhance decision-making, and foster economic growth. These technologies are being applied in various sectors, from agriculture and healthcare to…
- Digital transformation in government, often referred to as e-governance, involves leveraging technology to improve the efficiency, transparency, and accessibility of government services. In Africa, e-governance initiatives are playing a crucial role in modernizing public administration, enhancing…
- Waza, a Nigerian B2B payment and liquidity provider for emerging market businesses, has secured $8 million in equity and debt funding to establish new trade finance solutions and expand into new markets beyond its current operations in Ghana and Nigeria. The funding is comprised of a $3 million…
- Jumia Technologies AG ($JMIA), the African e-commerce giant, has effectively concluded a secondary offering, generating $99.6 million through the sale of 20 million ordinary shares, just days after the announcement. This corresponds to an average selling price of approximately $4.95 per share,…
- Open Access Energy (OAE), a South African software company that specializes in optimizing energy transactions, has received a US$750,000 investment from Factor E Ventures. This investment is the first tranche of a US$1.5 million seed round that OAE is conducting to address South Africa’s chronic…
- GROW, an investment readiness program operated by Open Startup has launched its second cohort. The program is intended to assist advanced African companies in expanding their operations and obtaining funding. Open Startup is a non-governmental organization that is committed to the development of…
- HAVAÍC, a South African venture capital firm, has announced the US$15 million first closure of its third African-focused venture capital fund, with a target size of US$50 million. The fund is in partnership with Universum Wealth and the SA SME Fund. HAVAÍC is a prominent African VC investment…
- The Africa’s Business Heroes competition, a philanthropic program that promotes African entrepreneurs, has selected fifty finalists for its fifth edition. The Jack Ma Foundation and Alibaba Philanthropy support Africa’s Business Heroes (ABH) competition, a philanthropic initiative that aims to…
- Google for Startups Accelerator Africa has selected 10 African tech Startups to participate in its 8th cohort. The Google for Startups Accelerator Africa program has provided support to 106 Startups from 17 African countries since its inception in 2018. The 10 selected startups will participate in…
- Cartona, an Egyptian startup that digitizes and empowers mom-and-pop stores, hotels, restaurants, cafés, FMCG companies, and wholesalers, has secured a US$8.1 million debt and equity Series A extension round to fuel its growth in the domestic and international markets. Algebra Ventures was the lead…
- Educatly, a leading global network in higher education, has received $2.5 million in new funding from TLcom Capital and Plus VC. Egypt Venture (Egypt) and the HBAN syndicate (Ireland) also participated in the round. Educatly, which was founded in 2020, is dedicated to assisting students in…
- Blockchain technology has the potential to significantly impact Africa’s economic development by enhancing transparency, efficiency, and trust in various sectors. Here’s a detailed look at how blockchain can contribute to Africa’s economic growth and address some of the continent’s pressing…
- SearchGPT, a search engine prototype by OpenAI, promises to provide users with “fast and timely answers with clear and relevant sources.” The tool is now being evaluated with a small group of users, and the company has stated that it eventually intends to integrate it into its ChatGPT chatbot.…
- Intron Health, a pioneering health tech startup that provides clinical speech recognition for over 200 accents spoken in underdeveloped nations, beginning with Africa, has raised $1.6 million in a pre-seed funding round. With participation from Plug and Play Ventures, Jama Rift Ventures, Octopus…
- According to reports, Apple might unveil its foldable iPhone as early as 2026. This would be the most significant redesign of Apple’s most popular product’s hardware to date. According to the report, Apple’s foldable iPhone has moved past the conceptualisation phase. In an attempt to draw in more…
- MNT-Halan, an Egyptian fintech company, has secured US$157.5 million in funding to facilitate its forthcoming geographical expansion. After raising US$157.5 million in cash, of which US$40 million came from the International Finance Corporation (IFC), it is now prepared for international expansion…
- d.light, a global leader in affordable affordable household products and financing for low-income households, has announced the closure of a new securitisation facility. The facility will acquire receivables in the amounts of USD$176 million from Kenya, Tanzania, and Uganda. African Frontier…
- TurnStay, a South African travel-focused fintech, has raised $300,000 in funding to expand into other African markets and build on its substantial momentum. TurnStay will use the US$300,000 cash, which comes from investors DFS Lab and DCG in Silicon Valley and other York, to expand quickly into…
- Uncover, a tech-enabled emerging beauty brand in Kenya, has raised a seed II funding round worth US$1.4 million to expand its digital platform, launch new products, and enter new markets. EQ2 Ventures and IgniteXL Ventures co-led the funding round, with Chui Ventures, Samata Capital, and Altree…
- Innovate Africa, an angel investment fund that helps early-stage innovators fund life-changing ideas, scale startups from concept to product, and finance innovative ventures, launched with an initial US$2.5 million investment. Innovate Africa, a sector-agnostic fund co-founded by Kristin Wilson and…
- Healthtech is making significant strides in Africa, addressing critical healthcare gaps with innovative solutions. Here are some key areas where healthtech is making an impact: 1. Telemedicine Telemedicine platforms are bridging the gap between patients and healthcare providers, especially in…
- African startups are increasingly leveraging accelerator programs to catalyze their growth, gain access to resources, mentorship, funding, and networks. Accelerator programs play a crucial role in supporting early-stage ventures across the continent, providing structured support over a fixed period…
- The rise of tech communities in Africa represents a dynamic and rapidly growing sector that is transforming the continent’s economy, fostering innovation, and addressing local challenges with technological solutions. Across various regions, from West Africa to East Africa and Southern Africa, tech…
- An Amazon.com, Inc. subsidiary, Amazon Web Services, Inc. (AWS) has pledged $230 million to help global companies speed up the development of artificial intelligence (AI) applications that generate new ideas. This will help startups, particularly those in the early stages, by providing them with…
- Applications for the 10k2Startup initiative are now being accepted from African startups. This programme seeks to provide cash and other forms of support to businesses that are tackling real-world issues, with a target range of $10,000 to $50,000. Founded by Google’s head of multi-channel mid-…
- Breega, one of Europe’s fastest-growing early stage funds, has launched its first African fund, “Breega Africa Seed I,” with the goal of becoming the premier early-stage investor in African entrepreneurs. With offices in Paris, London, and Barcelona, Breega has been investing in businesses from…