Africa
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News
Kenyan fintech Bamba raises $3.2m seed funding to scale
Kenyan fintech startup Bamba has secured $3.2m in seed funding to scale its app and build out its team. Venture capital…
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News
High Cost of 5G Handsets Hinder Safaricom 5G Rollout
There has been so much talk and hype about 5G network but consumers are yet to feel its impact. Since…
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Startups
Nigeria’s Freight Forwarder Topship Raises $2.5M Seed Funding
Since tech-based startups started playing a key role by bridging gaps in the logistics sector in Africa, we’ve witnessed tremendous…
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Startups
VC firm Ventures Platform appoints Dr. Dotun Olowoporoku as New Venture Partner
Pan-African VC firm, Ventures Platform has appointed Dr. Dotun Olowoporoku as its new Venture Partner. The appointment comes less than…
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Startups
African Startups Raised $2billion in 2021, Report
The African Tech Startups Funding Report (2021) demonstrates a continued interest by investors in promising African startups. According to the…
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Startups
Nigeria’s Fidia has created a crowdfunding platform for African content creators
For any content creator, getting their work seen and appreciated by the public is the first important step to success. …
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News
US VC firm Activant Capital opens new office in Cape Town
US-based Growth equity firm Activant Capital has announced that it is expanding its research and due diligence capabilities with a…
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News
Google announces 30,000 Africa developer scholarships for 2022
At least 30,000 aspiring and professional developers from across Africa will benefit from the Android and Google Cloud training opportunities.…
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News
Bank of Uganda warns against use of Cryptocurrencies
The Bank of Uganda has issued a stern warning against the use of cryptocurrencies in the East African country. In…
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Startups
Egyptian Fintech Paymob raises $50M in Series B funding
The continued attention on African fintech startups is attracting unprecedented attention and investments from high-ranking venture capitalists. The latest such…
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News
NEAR Foundation opens its first African blockchain innovation hub in Kenya
NEAR Foundation, the Swiss non-profit that oversees the governance and development of the NEAR protocol, today has launched a regional…
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Startups
B2B eCommerce platform TradeDepot appoints Chidi Akubuiro as Managing Director for West Africa
TradeDepot, a B2B eCommerce and embedded finance platform in Africa, has appointed former Coca Cola HBC and Hayat Kimya Nigeria…
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Startups
SA Remittance Fintech Mama Money Aims to offer Lowest Transfer Charges
Fintech startups in Africa are doing a spectacular job at revolutionizing remittances, accessibility, saving, and the whole culture surrounding finances.…
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Startups
Nigerian Trade Tech Firm Norebase Raises $1M in Pre-Seed Round
Norebase, a Nigeria-based trade technology firm announced on Wednesday that it has secured $1M pre-seed funding round. The funding round…
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Startups
Power and Turaco partner to provide affordable insurance for gig workers across Africa
Fintech startup Power Financial Wellness has joined forces with insurtech firm Turaco to offer affordable health insurance products to its…
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News
Data security and privacy laws develop across Africa
Numerous countries in Africa have developed or implemented data privacy and security laws in their countries in the last few…
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Startups
Nigeria’s OnePort 365 secures $5 million Seed Funding to Digitize Freight Management in Africa
Nigeria’s digital freight forwarding company OnePort 365 has raised $5 million in seed funding to drive the end-to-end digitisation of…
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Blockchain
The Central African Republic Approves Bitcoin as legal tender
The Central African Republic (CAR) has approved the use of Bitcoin as an official currency. This makes it the first…
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Interviews
[Interview] Dan Kwach, Managing Director, Africa Data Centres: Africa is on the brink of a data centre boom
Dan Kwach is currently the Managing Director – East Africa Region at Africa Data Centres. His role is to lead,…
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News
Disney commences a wildlife series production for kids in Kenya
In the lead up to Earth Day 2022, The Walt Disney Company has announced that production has commenced on the National…
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News
BFA Global and FSD Africa launch a $3.3m fintech venture launcher for climate resilience in Africa
BFA Global and FSD Africa have unveiled a new venture launcher to support entrepreneurs in the fintech for climate resilience…
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News
Ashley Olson Onyango: Unlocking the transformative power of mobile money
During the last decade, rapid digitisation has revolutionised the financial industry globally, through the advent of innovative services such as…
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BUSINESS
China’s 4PX Express partners with Jumia to expand its delivery services in Africa
Jumia has partnered with Chinese global logistics company 4PX Express to help it expand its reach in Africa. The announcement…
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BUSINESS
Banks tipped on healthy competition with FinTechs
If banks are to adequately compete and address the challenge posed by the growing influence of fintechs into their space,…
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News
Google to open its first African product development center in Kenya
Tech giant Google has announced plans to open its first African product development centre in Nairobi, Kenya. This comes months…
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News
Rwanda launches the first Fourth Industrial Revolution Center
The Rwandan government has consistently and deliberately worked to nurture progressive technology-oriented ideas from its youthful population. In 2019, the…
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News
Visa Opens its first African Innovation Hub in Kenya to advance payment solutions development
Digital payments leader Visa on Wednesday opened its first African Innovation Studio in Kenya. The new centre has been designed to…
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News
Microsoft Launches Accelerator Program For East and West African Startups
In March 2022, Microsoft outlined plans to support 10,000 startups across Africa through a myriad of initiatives. These initiatives incorporate…
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Startups
Kenyan open finance infrastructure startup Credrails partners with Access Bank for future of finance in Africa
Access Bank has partnered with Kenyan women-led open finance infrastructure startup Credrails to develop open finance rails that will dramatically…
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Startups
Flutterwave CEO Embroiled in Bullying, Fraud Claims
A former employee of Nigerian-based payment solutions provider Flutterwave has levelled claims of bullying and fraud against company Founder and…
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News
New fund targets early-stage AI tech startups in Africa
Swedish AI Fund (SAIF), an NGO providing financial aid, grants and scholarships to AI projects has announced a new fund…
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News
Payment service provider i2c partners with Visa for fintech processing in the MENA region
US-based payment service provider i2c Inc has announced a new partnership with Visa as a fintech processor in the MENA…
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Startups
Egyptian e-sport startup Eksab raises $3M to scale its fantasy football platform
Cairo-headquartered e-sport startup Eksab has raised $3M Seed funding round, bringing the company’s total investment to date to $3.7M. The…
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News
JACK NGARE: Tech trends for 2022 and what they mean for the African continent
We have observed a significant march toward complete digitization of the world in recent years. The usage of and reliance…
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BUSINESS
Fintech firm DPO Group announces new pan-African partnerships
Payment service provider DPO Group has announced three new partnerships with companies in the digital payments sector including Mastercard. The…
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Startups
Nigerian logistics startup Kwik raises $2 million Series A Round to digitize informal African trade
Nigerian logistics startup Kwik has closed its $2 million Series A round led by XBTO Ventures, an investor focused on…
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News
Carry1st drives growth in Africa’s gaming industry, supported by AppsFlyer
Carry1st, one of Africa’s leading gaming publishers, has released new insights from its market data that highlights successes that have…
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Startups
Nigeria’s agri-tech startup ThriveAgric raises $56.4m debt funding to accelerate African expansion
Nigeria’s agri-tech startup ThriveAgric has raised $56.4M in debt funding from local commercial banks and institutional investors to grow its…
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CLOUD
Microsoft launches season 3 of its regional digital and coding competition for university students
Microsoft has launched season 3 of its Africa Development Center (ADC)-sponsored Game of Learners (GOL) digital and coding competition for…
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Startups
10 African Fintech Startups Selected for CATAPULT: Inclusion Africa Special Dubai Edition
The LHoFT Foundation has announced the 10 African fintech startups that will take part in the special edition of CATAPULT:…
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News
Flutterwave CEO Joins Africa’s BNPL Firm Lipa Later’s Advisory Board
After raising $12 million funding from a consortium of investors to expand its operations across Africa, Africa’s leading Buy-Now-Pay-Later (BNPL)…
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BUSINESS
57 percent of Africans do not hold any kind of bank account, BPC report
57 per cent of Africans do not hold any kind of bank account, including mobile money accounts. This is according…
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Startups
Kenyan e-commerce startup Sokowatch raises $125M, rebrands to Wasoko
Kenyan based B2B e-commerce startup Sokowatch has raised a $125 million Series B equity round, the largest venture financing round ever…
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BUSINESS
Equity Bank Awarded for Leading in E-Commerce payment volumes
Equity bank has been honoured with two awards by Visa for leading in Visa generated volumes in 2021. The bank…
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Startups
Bank of Ghana Suspends Fintech Operator Dash
The Bank of Ghana(BoG) has ordered Dash, one of the country’s leading fintech operators to immediately cease offering a number…
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Startups
15 African Startups Qualify for Google’s Accelerator Bootcamp
A total of 15 startups from seven African countries have been selected to participate in Google for Startups Accelerator Africa…
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News
Four Kenyan Startups among 12 Selected for Microsoft Accelerator Programme.
Microsoft in conjunction with Flapmax have announced the qualifying startups for their first accelerator programme that begins March 21, 2022.…
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CLOUD
There’s an increasing demand for data centers in Africa
As internet penetration in Africa continues to increase, the demand for data centers is also booming. Customers in Africa are…
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Startups
OkHi Aims to give the 4 billion people in Africa a Verifiable Digital Address
OkHi: In the developed world, it’s much easier for anyone to give you directions to their home or business location…
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INSURANCE
YC-backed Curacel unveils new platform to enable tech companies offer insurance
Curacel, a YC-backed African insurance infrastructure startup, has launched an embedded insurance product that will enable tech companies to offer…
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Interviews
[Interview] Narek Verdian, CTO, Glovo: Understanding our users is at the heart of our development process
Narek Verdian is the Chief Technology Officer at Glovo, an on-demand delivery platform founded in Barcelona in 2015. The startup…
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BUSINESS
Airtel Nigeria is offering customers on its network free calls to Ukraine
Airtel Nigeria has announced that customers on its network who have friends and relatives in Ukraine will be able to…
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Startups
Dream VC opens applications for its VC Fellowship Program in Africa
Dream VC, a Remote Venture Capital Upskilling Institute, has opened applications for its 2022 fellowship program for VCs in Africa.…
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News
Econet partners with Ericsson to roll out 5G in Zimbabwe
Econet Wireless Zimbabwe has partnered with Ericsson to launch 5G services in the country’s capital Harare. Ericsson will support Econet…
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CLOUD
Vodacom launches Africa’s first AWS Outposts Innovation Lab
Vodacom has launched Africa’s first Amazon Web Services (AWS) Outposts Innovation Lab in collaboration with AWS and Intel. The laboratory…
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Startups
Microsoft to support 10,000 African startups over the next five years
Microsoft has today announced new initiatives to support 10,000 African startups. The initiatives will be run under its recently established…
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News
South African data centre firm Teraco announces access to Oracle Cloud via FastConnect
South African data centre company Teraco will now offer connectivity directly through Oracle Cloud Infrastructure (OCI) FastConnect at its Isando Campus for the Oracle Cloud…
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News
Pan Africa Gaming Group launched to grow gaming industry in Africa
The Pan Africa Gaming Group (PAGG) has been unveiled today, bringing 10 studios together under a single umbrella across Africa.…
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BUSINESS
Mastercard opens nominations for its Women SME Leaders Awards 2022
Mastercard has announced the inaugural Women SME Leaders Awards 2022, to recognize and further empower women-owned and run SMEs in the…
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BUSINESS
MTN Group rebrands, adopts new logo and slogan
Africa’s biggest telecom company MTN Group is rebranding. The rebrand, the company says is to position it as a technology…
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News
FOX News International debuts in Kenya and other African countries
FOX News Media has expanded its FOX News International global video streaming services to several countries across Africa. According to…
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Startups
BitKE to host a webinar on startup funding in Africa, register to attend now
2021 was the biggest year, so far, in the history of funding for African startups which saw over $4.6 billion…
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COLUMNS
The biggest fintech trends changing the face of payments in emerging markets
Last year saw an unprecedented rate of change in the financial sector, with huge growth in the use of digital…
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Startups
Haskè Ventures announces a $150K investment in Senegalese retail-tech startup ProXalys
Senegalese retail-tech startup ProXalys has raised $150,000 in pre-seed funding from Haskè Ventures, the venture builder for Francophone Africa. The…
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Interviews
Remote Work – How Cavendish is managing product success at Analog Teams
Strategic thinking starts with asking the right questions. It is about understanding the current market, competition, and trends to define…
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Startups
Oracle commits $1M to support African tech startups
Oracle has announced support of $1 million for tech startups in Africa that will help accelerate their digital initiatives with the latest cloud technologies…
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News
Google launches Hustle Academy for SMEs and Entrepreneurs across Africa
Tech giant Google has today announced the launch of a new academy to offer free training to small and medium…
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News
Mdundo says it recorded 20 million users across Africa at the end of Q4
Pan-African music streaming service, Mdundo, has announced that the platform recorded 20 million users at the end of Q4, up…
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Startups
Kenyan insurtech startup Lami acquires Bluewave Insurance Agency for an undisclosed amount
Kenyan insurtech startup Lami Technologies has acquired Bluewave Insurance Agency, another Kenyan-based insurtech startup for an undisclosed amount. Bluewave leverages mobile…
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News
Kenyan logistics startup Amitruck raises $4M funding to expand across Africa
Kenya-based digital trucking logistics startup Amitruck has secured $4 million in seed funding to expand its operations across Africa. The…
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BUSINESS
Jumia customers in Nairobi to enjoy free delivery on orders above Ksh 1,000
E-commerce giant Jumia Kenya has announced that customers in Nairobi will from this week enjoy free delivery on orders above…
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WomenInTech
Women in tech face lockdown barriers to career progression, report
Half of women working in tech believe the effects of COVID-19 have delayed their career progression, despite a similar percentage…
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Startups
African Focused VC Firm TLcom Secures First Close of $150mn Pan-African Tech Fund
TLcom, the Africa-focused venture capital firm has announced a first close of $70mn for its $150mn Africa focused tech fund…
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Startups
Tech startups key to Africa’s digital transformation but urgently need investment, report
The World Economic Forum’s latest report, “Attracting Investment and Accelerating Adoption for the Fourth Industrial Revolution in Africa” analyses the…
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Startups
Call for startups to Pitch Live at 2022 Africa Startup Summit in Nairobi
Africa Tech Summit has opened applications to the 2022 edition of Pitch Live at the fourth Africa Startup Summit. The…
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Apps
3 trends set to dominate African mobile apps in 2022
In 2021, the mobile industry in sub-saharan Africa continued to show incredible resilience against the impacts of Covid-19 and experienced…
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CLOUD
Google Cloud teams up with Comair to provide seamless travel experiences in Sub-Saharan Africa
Google Cloud is teaming up with Comair, operator of the British Airways brand and the Kulula budget carrier in Sub-Saharan…
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Startups
Canadian fintech startup Periculum launches in Nigeria to build credit assessment infrastructure for Africa
Canadian fintech startup and credit assessment company Periculum, has launched in Nigeria to tackle the challenge of domestic credit to…
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News
MARILYN MOODLEY: Machine learning can solve some of Africa’s biggest challenges
From better healthcare access to improved food security, machine learning could tackle a wide range of challenges in developing countries.…
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Startups
Kenyan BNPL Startup Lipa Later Secures $12M funding to Expand Across Africa
Kenyan buy-now-pay-later (BNPL) startup Lipa Later has raised $12 million funding from a consortium of investors to expand its operations…
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News
Kenyan fintech startup Alvin raises $740,000 pre-seed funding
Kenyan fintech startup Alvin has raised a $740,000 pre-seed funding round led by Nigerian venture capital firm, Ingressive Capital. Other…
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News
Nigeria’s CcHUB invested in over 11 high-growth African startups in 2021
Nigeria’s technology innovation centre Co-creation Hub (CcHUB) invested in over 11 tech startups in Africa in 2021 through its new…
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News
AKSHAY GROVER: Elevating Digital Payments For a Cashless Future in Africa
COVID-19 has propelled the adoption of digital payments platforms for millions of people across the African continent. The need for…
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News
Irish fintech Pipit Global and Cellulant extend partnership to 12 new African markets
International cash payments platform Pipit Global and Cellulant have extended their partnership agreement to now include eighteen countries in Sub-Saharan…
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News
The Tony Elumelu Foundation opens applications for its $5000 2022 Entrepreneurship Programme
The Tony Elumelu Foundation (TEF) has opened applications for the 2022 TEF Entrepreneurship Programme. The programme is open to African…
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CLOUD
[Africa Cloud Review] Simon Ngunjiri: 2022 will be an interesting year for cloud in Africa
As we come to the end of the year, there is so much to look forward to in 2022 when…
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Startups
Ventures Platform Closes its First $40M Pan-African Fund
Nigeria-based Ventures Platform has announced the first close of its $40 million pan-African fund to invest in market-creating innovations across…
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Startups
Nigerian online learning platform Edukoya raises $3.5 million in pre-seed funding
Nigerian online learning platform Edukoya has raised $3.5 million in pre-seed funding led by European VC firm Target Global. The…
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News
Kenyan startup Wowzi raises $3.2 million seed funding to expand across Africa
Kenyan startup Wowzi has raised $2 million in seed funding to expand its digital marketplace across Africa. The round was…
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Startups
PAC Holdings sets up The Catalyst VC project to invest in African startups
PanAfrican Capital Holdings (PAC Holdings) has set up The Catalyst, a venture capital project, to identify and invest in growth to product-expansion…
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News
Cassava Technologies and Mitsui Sign MoU to Accelerate Digital Transformation in Africa
Cassava Technologies has entered into a memorandum of understanding (MOU) with Mitsui for the development of digital infrastructure and services…
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CLOUD
[Africa Cloud Review] Simon Ngunjiri: Surge of companies moving to the cloud set to continue throughout 2022
On Monday, we published a column by Andrew Cruise is the managing director at Routed. In the column, Andrew notes that one thing…
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News
TradeDepot Raises $110 Million To Extend ‘Buy-Now-Pay-Later’ Service to Retailers Across Africa
Nigeria- and U.S.-based B2B eCommerce and embedded finance platform TradeDepot has raised $110 million in an equity and debt funding…
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CLOUD
[Africa Cloud Review] Simon Ngunjiri: Cloud can help financial institutions improve customer experiences
The financial sector is one of those sectors that is benefiting massively from modern technologies like the cloud. The adoption…
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Interviews
[Interview] James Claude, CEO, Global Voice Group: Opportunities for RegTech are beginning to take hold in Africa
James Claude, the CEO of Global Voice Group (GVC). GVC assists governments to increase efficiency, revenue, and transparency and compliance, through intelligent big data solutions…
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Interviews
[Interview] Alioune CISS, CEO, Webb Fontaine: We’re Helping African Countries Emerge as Leaders in the Future of Trade
Alioune CISS is the Chief Executive Officer at Webb Fontaine, a leading provider of solutions for Trade facilitation, powered by modern technology including…
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