05 December 2022
- Pan African business magnate and renowned entrepreneur, Ichie (Dr) Nnaeto Orazulike has won this year’s FATE Foundation Model Entrepreneur of the Year (FME) Award. According to the organisers, Fate Foundation, the award was initiated 2001 to…
05 December 2022
- The Chilean super app against food waste GoodMeal has received an investment from Cristobal Della Maggiora (Betterfly), Ian Lee (Examedi), and Eyal Shats (SimpliRoute). This is within the framework of GoodMeal’s crowdfunding campaign on Broota,…
05 December 2022
- The Mastercard Foundation Africa Growth Fund (MFAGF), a Fund of Funds that works through African investment vehicles to support early-stage, growth-oriented SMEs on the continent, launched today with a committed $200 million (USD). The Fund-of-…
05 December 2022
- Nigerian fintech start-up Owoafara Inc has received investment funding from ShEquity, an Africa-wide impact investment firm. While the exact amount has not been disclosed, it is described as a “key milestone” for the gender-lens investment firm.…
05 December 2022
- San Francisco-based startup Flourish Fi secured $2.3 million in new seed funding led by Magma Partners. The round was joined by Remarkable Ventures, Lightspeed Venture Partners Scout Fund, Canary, Seedstars, Kadmotek VC, I Am the Fund, and a group…
05 December 2022
- In Zimbabwe, InfraCo Africa, an investment company of the Private Infrastructure Development Group (PIDG), has signed a US$2 million (Z$723.8 billion) deal to deploy 400 electric vehicles from the start-up Mobility for Africa in rural areas. The…
05 December 2022
- Finnish maker of smart energy storage units, Cactos has raised €2.5 million in a combination of equity and debt funding. With its current production operating at maximum capacity, the capital is slated to help the company more than double its…
05 December 2022
- Egypt-based technology start-up Sideup has raised $1.2 million in funding that will help the company expand its operations into Saudi Arabia. Various global and regional investors took part in this new funding round, including Launch Africa VC, 500…
05 December 2022
- Venture for Africa (VFA), an immersion programme and talent community created to enable top experienced local and global talent to transition into the African startup ecosystem, is accepting applications to the second cohort of its VFA Fintech…
05 December 2022
- Fortinet has been named a Leader in the 2022 Gartner® Magic Quadrant™ for SD-WAN for the third year in a...
Source
05 December 2022
- Fortinet has been named a Leader in the 2022 Gartner® Magic Quadrant™ for SD-WAN for the third year in a...
Source
05 December 2022
- South African data automation startup Synatic has raised a US$2.5 million seed extension round of funding to grow its footprint in the United States (US). Launched in 2017, Synatic has developed a low-code data automation platform that enables…
05 December 2022
- The Nigeria Startup Act team has fingered the National Startup Investment Fund (NASIF) as a fraudulent programme seeking to obtain sensitive financial data from Nigerians.
Find out more in today's edition of TC Daily.
05 December 2022
- The Nigeria Startup Act team has fingered the National Startup Investment Fund (NASIF) as a fraudulent programme seeking to obtain sensitive financial data from Nigerians.
Find out more in today's edition of TC Daily.
05 December 2022
- Africa Data Centres has announced it has secured a piece of land adjacent to its existing data centre in Nairobi, Kenya, and plans to expand the facility up to an extra 15MW of IT load....
05 December 2022
- London-based Dronamics, a cargo drone airline with a license to operate in Europe, announced that it has received an award grant of €2.5M from the European Commission under the European Innovation Council (EIC) Accelerator program. The EIC has also…
05 December 2022
- Germany-based Scantinel Photonics, a startup developing next-gen Light Detection and Ranging (LiDAR) technology for autonomous vehicles, announced that it has raised €10M in its extended Series A round of funding. The investment came from…
05 December 2022
- Sweden-based Occtoo, a SaaS-based Experience Data Platform (SaaS) that helps digital teams to build digital experiences and apps faster, announced that it has raised €4.6M in a fresh round of funding. In total, the company has raised €6.7M to date…
05 December 2022
- Sweden-based Volta Trucks, an automotive company offering electric trucks for sustainable cities, announced that it has raised €60M in a Series C extension round. In February 2022, the company raised €230M in the initial Series C funding round.…
05 December 2022
- Yandex N.V., Moscow-based internet service firm Yandex Group’s parent company, registered in Amsterdam, announced on Friday, November 25, that it is reportedly looking to sell its business and sever ties with Russia amid heightened tensions between…
05 December 2022
- Gold loan platform Indiagold has raised an additional $10 million as part of its extended Series A round from PayU, Alpha Wave, 3one4 Capital, and Leo Capital. The company had raised $12 million previously from the same set of investors, as part of…
05 December 2022
- Global B2B driven talent sourcing platform CBREX, which connects enterprises and recruitment agencies, announced that it has raised $3 million in a Pre-Series A round led by WaterBridge Ventures. The freshly raised funds will be used to ramp up the…
04 December 2022
- Investment represents significant ShEquity milestone as the firm’s maiden special purpose vehicle fund is now fully vested.
04 December 2022
- Fahad Awadh, founder of YYTZ Agro-processing, outlines his journey of getting a cashew nut processing business off the ground.
04 December 2022
- During Customer Service Week celebrated this year, one of the key themes was elevating service through the adoption of new technologies, specifically the role of innovation in enhancing service to customers. First, even as we continue...
04 December 2022
- YouTube has released a list of the most watched videos in Kenya revealing a sharp rise in consumption of locally generated content from Kenya’s general elections news, comedies, music, religious, and real-life talk shows. The lists show locally…
03 December 2022
- Imagine a world where shopping was like playing your favorite video game. Immersive and fun, it puts you in a beautiful, interactive world where you can try on clothes, find out about new products, and get a feel for what you’re buying before you…
03 December 2022
- Kenya’s first fully electric taxi service, NopeaRide, has announced that it will close because its parent company, EkoRent Oy, can’t get enough money to keep the business going. According to the company, the local branch of the Finnish company,…
03 December 2022
- Solarise Africa, an energy leasing company, based in Kenya, has raised $33.4 million in debt financing to grow its business in Kenya and other parts of Africa. Patrik Huber, Jan Albert Valk, and Sakkie van Wijk 2017 started the company. It helps…
03 December 2022
- Ejara is a Cameroonian fintech company that makes an investment app that lets users buy crypto and save money in decentralized wallets. Ejara has raised $8 million in Series A funding to grow its platform. Nelly Chatue-Diop and Baptiste Andrieux…
03 December 2022
- Badili Africa, a buyback marketplace for old phones based in Kenya, has acquired $2.1 million in pre-seed capital to expand its operations in Africa, one of the world’s fastest-growing mobile phone markets. Rishabh Lawania and Keshu Dubey started…
03 December 2022
- 4Di Capital, a South African early-stage venture capital firm, has announced the second closing of its new $25 million seed fund, which was made in partnership with DotExe Ventures in Mauritius. This announcement comes on the heels of the SA SME…
03 December 2022
- Amre Moussa, who was the secretary-general of the Arab League and is now the organization’s honorary president, confirmed that the Egyptian-Chinese Entrepreneurs Association (ECEA) would work to increase investments in the AI and tech industries in…
03 December 2022
- Uncover Skincare, a Kenyan company that makes beauty and skin care products for African women, has raised $1 million in seed funding to grow its operations in Kenya and open a branch in Nigeria. Uncover Skincare, co-founded in 2020 by Sneha Mehta,…
03 December 2022
- VMware, a software company, said its VMware Cloud on AWS service is now available in the AWS Africa (Cape Town) Region. Amazon Web Services (AWS) and VMware worked together to make VMware Cloud on AWS an integrated cloud service. It lets users…
03 December 2022
- Shoprite, a South African retail chain, has added a heavy-duty electric truck to its fleet of delivery vehicles. The car is a Scania Battery Electric Vehicle (BEV), which is entirely electric and doesn’t use fossil fuels or put out any carbon…
03 December 2022
- SkyGarden has had a few rough months and even had plans to shut down operations. The e-commerce platform was running out of cash and could not keep operating unless it got a cash injection. The...
03 December 2022
- ICT watchdog the Communications Authority of Kenya has been undergoing some internal changes in terms of how it is led. More than one year ago, the CA received a new Director General, Ezra Chiloba. Chiloba replace Mercy Wanjau, who had been doing…
03 December 2022
- The Nigerian Startup Act team declares NASIF a phishing scam. SafeBoda, Swvl, and NopeaRide let go of their customers, while Vendease let go of 9% of its staff. Zambia says y’ello to 5G. Kenya recognizes smartphones as journalism tools.
Read about…
02 December 2022
- Buy Now Pay Later (BNLP) company Lipa Later is acquiring troubled Kenyan e-commerce startup Sky.Garden. This comes about three weeks after Sky.Garden CEO/CPO & Co-Founder Martin Majlund announced that they had found a buyer for the company. In…
02 December 2022
- The Draft is a weekly series that brings you the most important technology news and deals across emerging markets, every weekend. Subscribe today.Have you always wanted to exchange messages, send files or make video calls across multiple messaging…
02 December 2022
- Africa Data Centres is expanding its Sameer facility in Nairobi by up to 15MW of IT load. The firm has secured a piece of land adjacent to its existing data centre in Nairobi, Kenya to build the new facility set to be completed in the first half of…
02 December 2022
- Egyptian transportation startup Swvl has announced plans to implement further measures, as part of its ongoing portfolio optimization programme to reduce costs, despite raising $20 million in a Post-IPO Equity round in April 2022.Swvl provides…
02 December 2022
- Mary Wambui Mungai has been appointed the new board chair of the Communications Authority of Kenya (CK) effective December 2, 2022. Mary takes over from Captain Gilbert Kibe who resigned from the authority to pursue personal interests. Kibe was…
02 December 2022
- According to a statement, the RASME system, which is currently operational in 14 African countries, will enhance project-related data collection in inaccessible or remote areas, including those with security and logistical challenges.
02 December 2022
- Black Friday seems to still be on and ecommerce platform, Masoko, has some deals that you can get. You can get up to 36% off on the various deals available in case you want to...
02 December 2022
- Chilean fintech Destácame has closed a $10 million Series B round led by Banco Santander, to enhance its product, grow its team and expand across Mexico.Launched in 2014 by Sebastián Ugarte and Jorge Camus, Destácame which operates in Chile and…
02 December 2022
- Online holiday sales are expected to hit $210 billion during the holiday season in the U.S., according to the latest forecast from software giant, Adobe.This mere 2.5% increase from the 2021 holiday shopping season – which grew 8.6% year-over-year…
02 December 2022
- Technology research group Gartner has forecasted that the memory chip market will remain flat in 2022 and is forecast to decline 16.2% in revenue in 2023 due to faltering demand, swollen inventories and customers pressing for considerably lower…
02 December 2022
- Google and Microsoft-backed, VerSe Innovation has become the latest Indian startup to cut its workforce, due to ongoing economic uncertainties. The $5 billion valued startup behind news aggregator Dailyhunt, short-video platform Josh and hyperlocal…
