- Kubik, an innovative sustainable technology firm based in Africa, has announced the successful completion of its $5.2 million seed funding round. With the seed round, Kubik became the first business in Ethiopia to raise millions of dollars for solutions related to sustainability and the climate.…
- Waffarha, an Egyptian group-buying business, has received a seed round of funding in the seven figures. The funds will be used to enhance the company’s technology, recruit top people, and expand its reach beyond Saudi Arabia. Waffarha is a group-buying website and mobile app that was founded in…
- Bokra, a fintech company based in Cairo, has successfully closed a $4.6 million pre-seed funding round led by DisrupTech Ventures and SS Capital, along with other investors. As the first platform in the MENA region to offer goal-based investment and saving products through asset-backed securities,…
- Home Grown Solutions Accelerator for Pandemic Resilience, a programme run by AUDA-NEPAD, is accepting applications from healthcare businesses in Africa for its fourth cohort. According to the objectives of Agenda 2063 and the African Union’s Energise Africa Initiative, the Home Grown Solutions (HGS…
- Spatialedge, a South African startup providing data and applied artificial intelligence (AI) solutions, has raised ZAR60 million (US$3.1 million) to further its goal of revolutionising the retail sector. Spatialedge is a big data and applied machine learning solutions firm that was founded in…
- TLcom Capital, a venture capital firm with a focus on Africa, has announced the completion of TIDE Africa Fund II, a $154 million fund established to support seed and Series A startups on the continent. For its second fund, the company had originally aimed to raise $150 million, but it surpassed…
- Apple has deleted Threads and WhatsApp from its Chinese app store in response to a directive from the nation’s internet watchdog, which raised issues related to national security. “We are obligated to follow the laws in the countries where we operate, even when we disagree,” an Apple spokesperson…
- The renowned tech conference Africa Tech Summit (ATS) London, which promotes trade and investment opportunities throughout the continent, will hold its eighth edition at the London Stock Exchange on June 7, 2024. Over 300 African and international tech executives, policymakers, investors,…
- Pula, an agricultural insurance and tech startup, has announced the closing of a $20 million series B funding round. The funding will go towards providing insurance to thousands of smallholder farmers in developing countries who would otherwise be unable to afford it in the case of natural…
- The Mastercard Foundation Fund for Resilience and Prosperity is looking for small and medium-sized enterprises (SMEs) and entrepreneurs in the agriculture sector. The fund will allow selected businesses to receive grants ranging from $500,000 to $2.5 million, which will be distributed over a period…
- Smart cities are emerging as a key solution to address the rapid urbanization and infrastructure challenges facing African cities. These cities leverage technology, data, and innovation to improve efficiency, sustainability, and quality of life for residents. Here are some aspects of building the…
- SunCulture, a Kenyan climate tech startup, has secured $12 million to expand its solar irrigation solution in Sub-Saharan Africa and reach hundreds of thousands of smallholder farmers with Internet-of-Things (IoT)-enabled solar-powered irrigation by 2030. The historic collaboration between InfraCo…
- The Global Startup Awards Africa is now accepting applications from African innovators, startups, and ecosystem facilitators who are committed to addressing major global concerns. African startups operating in the e-health, agri-tech, fintech, mobility and logistics, green-tech, and women in tech…
- Zeepay, a Ghanaian fintech startup, has completed a round of equity funding to support its plans to expand throughout Africa and the Caribbean. Zeepay has now obtained additional financing from pan-African investment groups Africa50, Oikocredit, Injaro, Verdant Capital Hybrid Fund, and I&P,…
- Google has announced that all Google Photos users will have free access to a number of its generative AI-powered picture editing tools. Among the AI capabilities available in Google Photos are Magic Eraser, which eliminates undesired objects from images, Photo Unblur, which sharpens out-of-focus…
- Verod-Kepple Africa Ventures (“VKAV”) has closed its first fund of $60 million. SBI Holdings, Toyota Tsusho Corporation, Sumitomo Mitsui Trust Bank, Japan International Corporation Agency, and Japan ICT Fund are among the fund’s major institutional investors. Additionally, a few more institutional…
- The Africa Tech Startup Forum, a market access and accelerator programme created to prepare, teach, expose, and connect tech startups with opportunities is now accepting applications. The Africa Tech Startup Forum, supported by the African Development Bank’s (AfDB) Innovation and Entrepreneurship…
- Apple has made its debut in the sports industry with the release of Apple Sports, the company’s first sports app. Real-time score updates, key information, and live betting odds are provided by the free Apple Sports app for iPhone users. Several leagues’ live data will be available to consumers…
- Riding on an unquenchable demand for its processors, which made the tech firm the pioneer of the generative artificial intelligence boom, Nvidia reached a $2 trillion market capitalization. As the demand for AI processors continues to soar, NVIDIA’s market value is also on the rise. In the world of…
- The 13th iteration of the MINT Incubator, which assists startups in developing and preparing for funding, is now accepting applications in conjunction with EGBank and Alex Angels. Since its initial release in 2018, the three-month equity-free MINT Incubator has seen twelve iterations. Several…
- Partech, a global technology investment firm, has announced the full close of its second Africa fund, Partech Africa II, with a hard cap of $323 million, in addition to creating a new office in Lagos and growing its team and portfolio. Partech Africa II has reached its final closing at EUR280…
- Logidoo, a Senegalese logistics marketplace platform, has successfully raised US$1.5 million in funding to support its ambitious expansion plans. Founders Factory Africa, Sunny Side Venture Partners, 216 Capital, Maroc Numeric Fund II, Gullit VC, and Kalys Ventures were among the investment funds…
- Hohm Energy, a South African startup that provides certified solar installers, product suppliers, and embedded solar finance to assist homes and businesses looking to go solar, has raised US$8 million in seed funding to support its growth. E3 Capital and 4DX Ventures led the seed funding round,…
- Impactful Ghanaian startups and businesses are being invited to apply for UNICEF StartUp Lab, a six-month accelerator programme that aims to advance the Sustainable Development Goals for children and youth. The UNICEF StartUp Lab programme was launched in 2019 and is managed by UNICEF in Ghana. It…
- Meta and Ingressive for Good are teaming up to provide scholarships to underprivileged youths from four African countries—Nigeria, South Africa, Côte d’Ivoire, and Kenya—so that they can launch successful digital careers and increase their earning potential. Through this innovative collaboration,…
- Moove, a Nigerian mobility fintech startup, has secured $10 million in debt capital from Stride Ventures to expand its operations in India. To help mobility entrepreneurs in developing economies who lack access to vehicles or funding, the company is utilizing productivity data and technology to…
- Ilara Health has completed a $4.2 million pre-series A round of equity and debt to digitize and consolidate Kenya’s fragmented primary care system. Leading the round is DOB Equity, with additional follow-on equity from Angaza Capital, Perivoli Innovations, AAIC INVESTMENT, and Black Pearl…
- The corporate social responsibility division of Giza Systems, Giza Systems Foundation (GSF), and the corporate venture capital firm EdVentures, which specializes in ed-tech, have partnered to promote innovation and accelerate the expansion of significant startup projects. GSF, which was founded in…
- Arnergy, a Nigerian clean tech startup specializing in distributed renewable energy products and solutions, has secured $3 million in new funding. All On, a Shell-backed off-grid energy impact investing firm, supported the funding round. Femi Adeyemo and Kunle Odebunmi founded Arnergy in 2013 to…
- Roam, formerly known as Opibus, has raised US$24 million in debt and equity capital to drive its expansion across Africa. Equator Africa led the US$14 million Series A equity capital round, which was joined by At One Ventures, TES Ventures, Renew Capital, The World We Want, and One Small Planet,…
- Remoteli, a Ghanaian tech talent startup, secured US$315,000 in funding from Dutch professional footballer Jeremie Frimpong. Founded in 2020, Remoteli is a technology-driven platform that focuses on bringing together innovative organizations looking to develop diverse and highly competent remote…
- The AWIEF Growth Accelerator for South Africa, a flagship enterprise development program designed to support early-stage and high-growth women-owned and women-led SMEs with growth strategy training, corporate advisory, mentoring, networks, and access to finance, is now accepting applications for…
- The e-commerce boom in African markets is a significant trend driven by increased internet penetration, rising smartphone adoption, and a growing middle class. Several factors contribute to the rapid expansion of e-commerce across the continent: 1. Internet and Smartphone Penetration: – The…
- Incubators play a crucial role in Africa’s tech ecosystem by providing a supportive environment for startups and entrepreneurs. These organizations offer a range of resources, mentorship, and networking opportunities to help early-stage companies navigate the challenges of building and scaling…
- Yodawy, an Egyptian digital healthcare startup, has raised an additional $10 million, bringing its total capital raised to $34.5 million. Yodawy, which was founded in 2018, gives its partners—insurance companies, hospitals, pharmacies, and pharmaceutical/FMCG businesses—the ability to serve a…
- Shamba Pride, a Kenyan agritech startup, raised $3.7 million in debt-equity pre-series A funding to boost its Kenyan operations and grow its merchant network. Participating in the round were Seedstars Africa Ventures (SAV) and EDFI AgriFI, the European Union’s agriculture financing project. An…
- Kenyan tech startups in their early stages can apply to the Spark Accelerator, a program run by Sumitomo Corporation, M-PESA Africa, and Safaricom, to help them grow faster in the fintech and content industries. To support and invest in late-seed and early-growth startups based in Kenya, Safaricom…
- The second Ed-Tech Fellowship Programme, organized by Co-Creation Hub (CcHub) and the Mastercard Foundation in Nigeria, is now accepting applications. CcHub announced in 2023 that it would be launching a US$15 million ed-tech accelerator effort in Kenya and Nigeria through an innovative partnership…
- Africa Tech Summit Nairobi has announced that on February 14 and 15, ten African startup businesses will present their solutions to a wide range of business leaders, investors, and other innovators. Even though funding for African startups fell in 2023, the investment showcase keeps promoting…
- Applications are now being accepted for the 12-month tech entrepreneurship training programme offered by the Meltwater Entrepreneurial School of Technology (MEST). MEST is a pan-African software and entrepreneurship training programme, seed fund, and incubator that was founded in Ghana in 2008 by…
- Lapaire, a pan-African eyecare firm, has raised US$3 million in equity funding to help it expand across Africa. Jérôme Lapaire, a Swiss native who moved to Kenya in 2015, and launched Lapaire in 2018. Despite having a law degree, he began looking into business ventures he could pursue while…
- 2024 is expected to see several technological innovations and developments that will significantly impact several industries. These technologies are likely to shape the landscape throughout 2024 and beyond, driving innovation, improving efficiency, and addressing evolving societal needs. Here are…
- Octavia Carbon, a Kenya-based company, has secured financial backing to make progress on its Direct Air Capture (DAC) technology, which mainly focuses on the extraction of CO2 from the atmosphere. With the use of DAC technology, the company designs, builds and deploys equipment that directly…
- iSchool, an Egyptian ed-tech startup, has raised US$4.5 million to expedite its plans to expand into six more countries in the MENA region. Irish venture capital firm VentureWave Capital led the round of funding, which also included UK firm OneStop Capital, US firm Webit Investment Network, and a…
- Ampersand, an electric transport energy startup based in Kigali, has raised $19.5 million in debt and equity funding. Acumen and the Hard Edged Hope Fund were among the participants in the funding round that was led by the Ecosystem Integrity Fund (EIF). Beyond Capital Ventures, TotalEnergies,…
- Imaginario AI, a Tunisian startup that processes video and audio content with the help of artificial intelligence, has raised $1 million in pre-seed funding to facilitate its international expansion. 216 Capital led the funding round, which also included several business angels, Blue Lake VC,…
- Wasoko and MaxAB, two of the largest e-commerce companies in Africa, officially announced that they had agreed to preliminary merger conditions, creating a merged company that will spearhead the continent’s informal retail sector’s transformation. The two companies are merging on an equal basis,…
- Starting this week, Apple announced that it would stop selling its Series 9 and Ultra 2 smartwatches in the US as it resolves a patent lawsuit regarding the technology behind the devices’ blood oxygen feature. Following an October ruling by the U.S. International Trade Commission (ITC) that might…
- In an antitrust settlement with US states and consumers revealed in a federal court in San Francisco, Alphabet’s Google has agreed to pay $700 million and enable more competition in its Play app store. The deal, which is subject to a judge’s final approval, specifies that Google would pay $630…
- Chefaa, an Egyptian startup that provides patient-centric pharmaceutical benefits, has raised $5.25 million in funding to help it grow and expand in Saudi Arabia. This round of funding was co-led by Newtown Partners of South Africa and Global Brain of Japan. Other participants were GMS Capital…
