- 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…
- Connect Money, a fintech company based in Egypt that specialises in banking as a service and embedded financial services, has raised $8 million in seed company to support the launch of five new business verticals. Businesses can offer debit and credit cards to their consumers through Connect Money’…
- Adobe has been accused of misleading consumers by concealing the early-termination fee and making it challenging for individuals to terminate their subscriptions, according to a lawsuit filed by the U.S. Department of Justice. The Department of Justice (DOJ) stated in the complaint it filed on…
- The THRIVE Global Impact Challenge is calling for applications from African agrifood startups for a prize of $1 million. The goal of the challenge is to help fund the shift towards a net-zero agricultural future. The THRIVE Global Impact Challenge is a global initiative that seeks to identify the…
- AfriLabs, an African hub network, and UM6P Ventures, an investment firm controlled by a Moroccan university, have reached an agreement to collaborate for one year. This collaboration will involve the implementation of a variety of initiatives to foster and develop African entrepreneurship. AfriLabs…
- Potcast Productions, a podcast production company headquartered in Egypt, has successfully secured an undisclosed pre-seed funding round. The funds will be used to expand the company’s content production capabilities, expedite the development of new series, and expand its marketing efforts. In…
- i’SUPPLY, an Egyptian pharmaceutical distribution startup, has secured a pre-Series A funding round, bringing its total funding to US$2.5 million since its inception in 2022. Disruptech Ventures, OneStop Capital, Axian Investment CVC, and Egypt Ventures were among the prominent investment funds…
- Sahl, a Cairo-based startup, has secured US$6 million in Series A and seed funding to serve as a comprehensive domestic bill management platform in partnership with government entities. Ayady for Investment and Development, a prominent Egyptian investment firm, led the US$6 million funding round…
- Ecobank, the pan-African financial services group, has announced the opening of applications for the seventh edition of its Fintech Challenge. This annual competition extends an invitation to mature and early-stage fintech startups to collaborate with Ecobank. The grand prize is US$50,000, and the…
- LAfricaMobile, a cloud communication startup based in Senegal, has secured US$4.6 million in a Series A round of funding to expedite its expansion across French-speaking Africa. French footballers Aurélien Tchouaméni and Jules Koundé were also involved in the round, which was led by Janngo Capital…
- Mastercard has announced the winners of the third edition of its Women SME Leaders Awards, celebrating the achievements of women-owned and led businesses across diverse sectors in the Eastern Europe, Middle East, and Africa (EEMEA) region. Launched in 2022, the Mastercard Women SME Leaders Awards…
- Across Africa, startups are emerging as innovative solutions to address the continent’s unique challenges. From access to healthcare and education to transportation and agriculture, these startups are leveraging technology, entrepreneurship, and local knowledge to create impactful solutions…
- YoLa Fresh, a Moroccan agri-tech startup, has raised US$7 million in a pre-Series A funding round to support its growth. YoLa Fresh is creating a transparent and sustainable fresh food supply network. Al Mada Ventures led the startup’s US$7 million pre-Series A funding round, in which Algebra…
- Birdnest, a proptech startup based in Egypt, has raised an undisclosed sum of money to help it penetrate new markets and grow its existing presence in Egypt. Beltone Venture Capital and CI Venture Capital were among the investors who contributed to the startup’s pre-Series A round of funding. The…
- Bosso, a Zambian startup that offers innovative construction e-commerce solutions to the African building and construction industry, has raised US$400,000 in its pre-seed round of funding. The largest online marketplace for building materials in Zambia, Bosso was founded in 2022 by Chisepo Chirwa…
- AWS Wavelength will be available in Morocco and Senegal later this year, according to plans announced by Orange Middle East & Africa (OMEA) and Amazon Web Services, Inc. (AWS). This will allow businesses, government agencies, and startups to safely process and store data locally, use AWS…
- Amethis Fund III, a pan-African fund that offers private equity growth capital to medium-sized businesses on the continent, has received a €25 million investment from the European Investment Bank’s EIB Global division. Companies that provide goods and services to low- and middle-income populations…
- Safaricom Ethiopia, a telco operator, has announced that it has received the first batch of 13 locally produced telecom towers from Woda plc, the country’s first local firm to manufacture network towers, to upgrade and expand its network infrastructure. The telecom provider claims that Woda will…
- The construction of Nigeria’s transport, water, sanitation, and energy and power infrastructure has received $1.44 billion in funding from the African Development Bank. This was revealed by Director General Lamin Barrow of the Bank’s Nigeria Country Department during the Nasarawa Investment Summit…
- Microsoft South Africa and the Department of Trade, Industry, and Competition (DTIC) have reached a 10-year deal for Microsoft to invest R1.3 billion ($70 million) in the South African economy. Microsoft states that the money will be used to support the growth of small, micro, and medium-sized…
- Helios Towers is a telecommunications infrastructure provider that operates across Africa. With towers at more than 14,000 sites, they provide service to more than 144 million people. Among the nine nations in which it conducts business are Tanzania, Ghana, the Republic of Congo (Congo Brazzaville…
- Orca, a South African startup, has raised $550,000 in a pre-seed round. The startup collaborates with emerging market banks and fintechs to combat all kinds of fraud. Norrsken22 led the round, in which First Circle Capital, Musha Ventures, Kara Ventures, many key business angels, and family and…
- OneOrder, an Egyptian startup that provides tech-enabled wholesale distribution and suppliers to the food and beverage industry, has raised a US$16 million Series A debt and equity round of funding and plans to expand into the Gulf Cooperation Council (GCC). Former backer Delivery Hero Ventures led…
- Collaborating with the Ministry of Information, Communications and the Digital Economy of the Republic of Kenya, Microsoft and G42 have unveiled several digital investments in the country. G42 will lead the effort to get a one billion dollar seed investment for the comprehensive package’s various…
- As Africa faces increasing environmental challenges such as climate change, deforestation, and pollution, green innovation emerges as a critical solution to mitigate these issues while fostering sustainable development. This article explores innovative initiatives and technologies that offer…
- Microsoft wrapped up its annual developer conference, Build 2024, by presenting Copilot+ PCs powered by Snapdragon X Elite/Plus CPUs. Satya Nadella, the CEO of Microsoft, said that technology should not be celebrated in and of itself but rather used to make people’s lives better. During the…
- OpenseedVC, a new operator-led fund, officially launched and announced the first closure of its $10 million angel-style early-stage fund. The fund aims to be the first investor in seasoned operators establishing their technology startups across Africa and Europe. The fund, supported by LPs…
- Accion, a global non-profit organization, has launched the US$152.5 million Accion Digital Transformation Fund (ADTx), which aims to help financial institutions meet the needs of small businesses that are currently excluded from the financial system by providing growth capital and strategic support…
- Maad, a Senegalese logistics platform for informal retailers, received US$3.2 million in seed funding to expand domestically and globally while also launching new products. Ventures Platform led the round of seed funding, which included debt and equity. Seedstars International Ventures, Reflect…
- Axmed, an innovative two-sided B2B marketplace platform, has announced a $2 million seed funding round, marking a significant step forward in tackling global health disparities. Founderful Ventures led the funding round, which brings the total amount secured to $7 million. The funding is in…
- MNZL, an Egyptian fintech startup, has acquired $3.5 million in seed capital to improve its technology and scale operations to empower more Egyptians. P1 Ventures, Localglobe, and Ingressive Capital spearheaded the seed round of fundraising, which also included 500 Global, Flat6Labs, First Circle…
- Swypex, an Egyptian startup, has announced the debut of its all-in-one financial services platform for businesses, following a $4 million seed investment round. Leading the seed funding round was the international venture capital firm Accel, which is investing in fintech for the first time in the…
- Adumo, a South African fintech company, has been bought by Lesaka for ZAR1.59 billion (US$85.9 million), subject to shareholder and regulatory approvals. With over 23,000 active merchants, Adumo is the largest independent payments processor in South Africa, helping them with tasks including card…
- Apple recently unveiled revised models of its iPad Air and iPad Pro tablets. Since the iPad’s 2011 launch, Apple has not released new models until October 2022, which is the longest period between updates. In a brief video that was uploaded on the company’s website, Apple CEO Tim Cooksaid, “This is…
- Seamfix, a global provider of digital identity solutions, has raised $4.5 million in a private equity funding round from Alitheia IDF, a gender lens investing fund, to expand the technology infrastructure supporting its solutions, enhance data flow that is essential for continental trade and…
- Google for Startups Accelerator Africa is now accepting applications for its eighth cohort. This year’s programme will highlight startups in Africa that are using AI and ML to solve pressing problems and open up opportunities to new opportunities. A three-month virtual programme called Google for…
- Amazon has officially launched its online shopping service in South Africa. The company’s service launch coincides with a spike in online sales in South Africa as a result of the pandemic’s opening up of opportunities for e-commerce to finally take off and merchants’ subsequent increases in…
- The rise of fintech in Africa is an exciting trend that has the potential to revolutionize the continent’s financial landscape. Fintech, short for financial technology, refers to the use of technology to provide financial services and products more efficiently and effectively. In Africa, where…
- The Intel Community Reach Programme was launched by AfriLabs, Intel Corporation, and Prosper Africa to use artificial intelligence (AI) and broadband access to address important socioeconomic issues in underprivileged African communities. Through the Intel Community Reach Programme, communities…
- Renda has raised $1.9 million in equity and debt financing to complete its pre-seed round. Lead investor Ingressive Capital contributed $1.3 million in equity, with participation from Techstars Toronto, Founders Factory Africa, Magic Fund, Golden Palm Investments, Reflect Ventures, and Vastly…
- Venture for Africa, a talent network and the continent’s premier source of top tech startup recruits, has teamed up with Africa Product Peers, a community for African professionals in product, design, and technology professions, to establish a career bootcamp for mid-level professionals in Africa.…
- BuuPass, a Kenyan mobility startup, has bought QuickBus in an effort to expand in Nigeria and South Africa. BuuPass is a B2B2C travel marketplace that was founded in 2016 and allows users to search, compare, and book tickets by USSD, mobile app, or web. The startup has raised over US$100 million in…
- Chowdeck, a leading on-demand delivery service in Nigeria, has raised $2.5 million in seed capital to help improve operations and expand to more locations in the country. YCombinator, Goodwater Capital, FounderX Ventures, Hoaq Fund, Levare Ventures, True Culture Funds, and Haleakala Ventures were…
- NBA Africa is now accepting applications for Triple-Double, an accelerator program designed to give financial awards and other forms of support to early-stage African start-ups. Triple-Double, run by tech incubator ALX Ventures, targets early-stage African businesses creating products in the areas…
- Farm to Feed, a Kenyan agri-tech startup, has received an undisclosed sum of funding from Renew Capital to assist it in scaling up its operations. Farm to Feed has established a business-to-business platform that connects leftover products with new purposes. Farm to Feed was founded in 2020 to…
- Standard Chartered has announced that it has joined Visa B2B Connect, a multilateral payment network that allows its business clients to make cross-border payments between their accounts more quickly and easily. With a focus on enabling quicker and more affordable cross-border business-to-business…
