Payday, a Pan-African fintech startup announced it has joined Techstars Toronto Accelerator program.
The Africa Blockchain Center (The ABC), a Kenyan startup focused on building technology capacity and offering blockchain solutions to key sectors, raised a $7x figure investment from Next Chymia Consulting.
Pan-African digital payments hub MFS Africa signed an agreement to acquire Baxi, one of Nigeria's super-agent networks. The deal, which is subject to approval from the Central Bank of Nigeria, will be the second highest fintech acquisition in Nigeria to date.
[Africa Tech Review] Duncan Mochama: Fintech startup Wapi Pay founders Eddie and Paul Ndichu step down from their roles
This has been a very interesting week in tech in Africa. We covered a number of great announcements from a number of tech companies in the region, especially startups.
Brass, a Nigerian digital bank delivering easy access to affordable premium banking services for small and medium-sized businesses (SMEs), has today secured $1.7mn in funding.
Eddie Ndichu has been the CEO of the Singapore and Kenyan-based Fintech startup, while his twin brother Paul Ndichu was the Executive Director. Elizabeth Kariuki who is the Chief Operating Officer will now take over as interim CEO.
The Pan-African, cross-sector, climate-first accelerator is seeking fifteen startups from across Africa to apply for funding, expertise, and mentorship via the first pan-African accelerator focused on scaling the most promising climate-focused innovations.
Adedokun Muhammed-Ali Adedeji is a Nigerian innovator, entrepreneur and logistics manager. A green mobility advocate, Adedokun is the founder of Brightcloud Automotive.
alsoug, the digital classifieds and marketplace in Sudan, has announced the close of a $5 million fundraise to establish a national payments network enabling quick, easy and safe transactions for all Sudanese.
[Nigeria] E-commerce fulfillment startup Sendbox raises $1.8 million to digitize deliveries for Africa’s SMEs
Sendbox has announced the completion of a $1.8 million seed round from investors including 4DX Ventures, Enza Capital, FJLabs and Golden Palm Investments.
Google recently announced that it will be investing up to $50 million in African early- and growth-stage startups via its Africa Investment Fund. Here are the 9 Kenyan startups selected to receive equity-free funding.
Autochek, the automotive technology company that aims to facilitate auto finance across Africa, has officially widened its operations to Kenya
Adanian Labs, a pan African venture studio has announced its partnership with EMURGO, the official investment arm of Cardano, blockchain to scale tech startups in Africa and grow the Cardano ecosystem.
Global software giant Oracle this week announced that it has chosen Johannesburg as the site of its first African data centre.
Kenyan students have been challenged to apply and participate in this year’s global innovation program which is taking place in 44 countries worldwide.
Nigeria's Eden Life has announced that it has completed a $1.4m Seed round, led by UK-based LocalGlobe, along with participation from Samurai Incubate, Future Africa, Village Global, Rising Tide Africa and Enza Capital.
Payday, a Pan-African financial technology company has raised one million dollars to build out what they believe will be the “PayPal” for Africa.
African unicorns have made big news in recent months, with four startups having recently reached a $1 billion valuation or more this year alone, taking the total up to seven.
Le Conseil d’administration du Groupe de la Banque africaine de développement a approuvé un don de 10,7 millions de dollars américains à Sao Tomé-et-Principe pour la mise en œuvre de la première phase de l’Initiative Zuntámon
Last week, tech giant Google announced that it plans to invest up to $50 million in African early- and growth-stage startups via its Africa Investment Fund.
[Africa Tech Review] Duncan Mochama: Teraco completes first phase of its Cape Town hyperscale data centre campus
This week, the firm announced the completion of Phase 1 of CT2, its new hyperscale data centre in Brackenfell, Cape Town – the largest data centre in the Western Cape.
Goodlife has partnered with Glovo Kenya to leverage its network and knowledge of e-commerce in Kenya. Following the deal, the retailer has listed its products on the app.
Femi Apesin is the Head of Growth and Marketing at OnePipe, a Nigerian startup that has raised almost US$1 million in a pre-seed round with a plan to make API integration seamless for banks and fintech companies.
Sendy has partnered with Mobility 54 Investment SAS, Toyota Tsusho Corporation and CFAO’s corporate venture capital arm, to acquire a significant stake in West African logistics startup Kamtar
Facebook announced the winners of the 2021 Facebook Community Accelerator Program, highlighting the 13 Facebook community leaders Africa who will receive up to $50,000 USD in funds.
Development Partners International (DPI), a premier investment firm focused on Africa on Monday announced that it has raised $900m in its third round of funding.
The African Union Commission together with its partners organized the ‘Innovating Education in Africa Virtual Expo 2021’ to showcase technical innovations in education.
Nigeria’s B2B payments platform Verto has announced that it has closed $10 million in Series A funding for expansion. The round was led by Quona Capital, an emerging fintech-focused venture capital firm
Chinese tech giant Huawei has announced the top 20 shortlisted apps for the Huawei HMS App Innovation Contest (Apps UP) flagship event.
Global innovation platform Plug and Play is partnering with the Egyptian Information Technology Industry Development Agency (ITIDA), to launch an Open Innovation Hub in Cairo.
Les organisateurs de la Foire commerciale intra-africaine (IATF2021) ont rencontré les membres du secteur privé Ivoirien pour les sensibiliser et les encourager à participer au plus grand évènement sur le commerce et l’investissement en Afrique
[Africa Tech Review] Duncan Mochama: A huge number of the world’s population is now using mobile internet
GSMA has released the 2021 report on the same showing that, despite the COVID-19 pandemic, more than half of the world’s population is now using the mobile internet.
Capria and its affiliated network of funds have invested USD 92.1 million as of December 2020, impacting 16.5 million lives across regions despite the pandemic-induced setback.
Andela, the global network for remote engineering talent, has announced $200 million in Series E financing. The financing round was led by Softbank Vision Fund 2
South African fintech firm Ukheshe partners with Chipper Cash to accelerate rollout out of digital payment offerings
South African fintech firm Ukheshe Technologies has partnered with Chipper Cash to enhance and accelerate the rollout out of Chipper’s digital payment offerings.
EMURGO, the official commercial arm of the Cardano blockchain, announced the launch of a new Cardano ecosystem investment vehicle to invest into early startup and growth stage companies focused on building socially impactful solutions powered by Cardano.
Carole Kinoti, the Founder of the initiative says it accelerates learning while placing unemployed youth in jobs across the country by equipping them with sewing machine operator’s skills and further support lifelong personal and professional success.
Nigeria's financial and energy access startup InfiBranches Technologies Limited has raised a $2m investment pre-seed raise round to help bridge the energy distribution gap in Nigeria’s underserved rural and peri-urban areas and foster financial inclusion
Jobberman, the single largest job placement website in sub-Saharan Africa, has today announced its Alliance for Better Work initiative, as part of its longstanding partnership with the Mastercard Foundation.
La capacité de rentrer en contact avec les clients en ligne pour des produits et services au moment voulu sans aucun obstacle est essentielle pour fidéliser les clients
Every Savings and Credit Cooperative (SACCO) that has digitized its operations can attest to the efficiency that comes with such a move. Digitization helps to enhance productivity in SACCOs and improves service delivery to members.
Mobile games development startup Usiku Games has developed a new game to help school-going children learn sign language and help them to communicate and connect with friends with hearing impairment.
When the pandemic had just started in March 2020, developing new products was a way to respond to the uniquely challenging situation for 28% of small and medium companies surveyed across the META region, according to a recent Kaspersky study
This week, the Federal Government approved the deployment of the Fifth Generation Network, 5G, in Nigeria. In South Africa, MTN this week became the first mobile operator in Africa to provide access to 5G technology to customers from the Philippines
Nigerian fintech startup Infibranches secures $2m funding from All On to drive growth in the renewable energy sector
Shell-funded impact investment company All On announced a $2 million investment in fintech company, Infibranches Technologies, to help bridge the energy distribution gap in underserved rural and peri-urban areas of Nigeria.
Absa Bank Kenya has partnered with Pan African impact investment platform - Melanin Kapital – to launch an investor readiness program that places startups driving social impact on the path to accessing up to KES3 million in unsecured lending.
Leading multi-category delivery platform Glovo recently announced the expansion of its operations in Africa, to include Ghana and Tunisia, bringing its current operations to a total of seven countries on the continent.
The tech scene in Kenya is thriving. Even amid a global pandemic, economic uncertainty, and election fever, our dynamic African country has found a way to cut through the clutter and establish itself as the world’s ‘Silicon Savannah’
Kenyan insurance startup Lami Technologies and Sendy have today announced a new per-trip insurance policy for transporter in Kenya.
Mariam Hussain co-founded Amader Khamar, a research and developement project working with local farmers in Bangladesh, commencing business operations in 2019. The initiative was selected by the United Nations in 2021 as one of the 50 Best Small Businesses in the world.
Sotech, an Egyptian e-health startup that specializes in smart IoT, trackable OOH advertising, and data gathering has raised US$1 million in pre-seed funding round to scale its operations into the rest of the MENA region.
After launching in South Africa in March this year, Chinese ride-hailing firm Didi Chuxing has now launched its operations in Egypt.
Pangea Trust has opened applications for its Startup Connect Programme, to increase the deployment of diaspora remittances and networks to provide investment capital to MSMEs and startups in Kenya, Ethiopia and Somalia.
54gene, the health technology company advancing African genomics research for improved global health outcomes, secured $25 million in a Series B round, led by Cathay AfricInvest Innovation Fund.
Le Centre mondial pour l’adaptation (GCA) et la Banque africaine de développement ont lancé la première édition d’un concours « Défi des solutions d’adaptation pour les jeunes Africains »
This week, Facebook announced a new partnership with Big Cabal Media and Comic Republic to launch a new campaign against fake news in Nigeria.
TransUnion Africa has partnered with global commercial data company Dun & Bradstreet to help African small and mid-sized enterprises (SMEs) access international markets more easily.
[Nigeria] Agritech startup Releaf secures $4.2m funding to drive industrialisation of food processing in Africa
Nigeria's agritech startup Releaf, which develops proprietary hardware and software solutions to industrialize food processing has raised $2.7 million seed funding and grants.
[Column] Efayomi Carr: Africa's youth hold the key to the expansion of agritech across the continent
While there are a wide range of agritech innovations that can propel African farmers to profitability, only 23 percent of youth engaged in agriculture are using any form of agricultural technology
The Mastercard Foundation and University of Rwanda announced a 10-year, $55 million partnership to enable higher education access for 1,200 young Africans.
La fondation Jack Ma invite Nicolas Pompigne-Mognard à la sélection d'Héros Africains du monde des affaires
La Fondation Jack Ma a invité le fondateur et président d’APO Group, Nicolas Pompigne-Mognard à faire partie du jury de la demi-finale du prestigieux concours Africa's Business Heroes 2021.
[Africa Tech Review] Duncan Mochama: M-Pesa is now Africa’s largest fintech with 50 million active customers
More than 14 years after launching its mobile money service M-Pesa, Safaricom this week announced that it reached 50 million monthly active customers strengthening its position as Africa’s largest fintech.
The office hosted at the Seychelles Investment Board (SIB) under the umbrella of the Ministry of Investment, Entrepreneurship and Industry is expected to promote programmes that integrate women into trade and development in the region.
Delivery ﬁrm Glovo on Tuesday announced a new last-mile delivery deal with Kenyan supermarket Chandarana Foodplus.
A group of trailblazing Kenyan women are carving their own paths to success. From doctors to content creators, they are using the power of online platforms to amplify their voices and help others flourish.
Autochek has on Monday announced that it has reached an agreement to acquire ROAM Africa's automotive marketplaces Cheki Kenya and Uganda.
Endeavor Nigeria has unveiled the inaugural cohort of entrepreneurs for its new 10-week Endeavor ScaleUp Program that aims to support Nigeria’s most promising, high-impact business leaders.
LG Electronics has launched Mission for the Future, a global contest for startups to unlock innovative technologies and business ideas into the future.
[Africa Tech Review] Duncan Mochama: Public and private organizations are stepping up their efforts in cybersecurity training and awareness
Liquid Intelligent Technologies released a new report revealing that over 90% of IT decision-makers across South Africa, Kenya, and Zimbabwe have accelerated their focus on Cyber Security due to the substantial emergence of digital ways of working.
Agricorp International, Nigerian based spices producing, processing, and exporting company has raised $17.5 million in Series A funding to increase its processing capacity up to 7000 metric tonnes.
South African fintech startup SOLmate, an online payment platform that offers clients a digital wallet facility, has unveiled a new product offering together with an extensive rebrand and renewed corporate vision.
SWVL, a Dubai-based provider of transformative mass transit and shared mobility solutions, announced that several investors, including Agility and Chimera Abu Dhabi, have completed the pre-funding of $35.5 million of the aggregate PIPE subscription.
The Harambeans Prosperity Fund, a donor advised investment vehicle formed through the Harambe Entrepreneur Alliance’s network of prominent families and corporations co-invested $100,000 in Y Combinator Harambean venture MarketForce.
Sri Lankan entrepreneur, Mario De Alwis, is founder and Managing Director of North Lanka Family Foods, a subsidiary of Ma’s Kitchen, acknowledged by the United Nations in 2021 as one of the 50 Best Small Businesses in the world producing good food.
Innovative solutions by African entrepreneurs continue to make local impact while having a global appeal.
South African fintech firm Ukheshe partners with dzcard to expand digital payment solutions in Asia Pacific
South Africa“s fintech startup Ukheshe Technologies has announced a new partnership with global next-generation card solutions and digital security company, dzcard
76% of SMEs in Food, Beverage, Entertainment across Middle East and Africa optimistic about future growth, Mastercard
Although different sectors were exposed to and impacted in diverging ways to the extensive changes of the COVID-19 pandemic, Small and Medium Enterprise (SME) confidence across most sectors is on the rise, according to the latest research by Mastercard.
[Africa Tech Review] Duncan Mochama: Kenya and Nigeria fastest growing data center markets in Africa
Africa is poised for a data centre boom as internet penetration rates rise and the continent begins to play catch-up with other regions. Kenya and Nigeria have been described as some of the top markets to watch out for.
Massöva, fondée en 2018 par Marina Rakotondrasoa, est une entreprise agricole reconnue par les Nations Unies comme l'une des 50 meilleures petites entreprises au monde.
African-focused payments firm pawaPay has raised a $9m Seed funding led by UK-based investment fund 88mph. Vunani Capital, Kepple Ventures, MSA and Zagadat Capital also participated in the round.
[Kenya] Taxi App Maramoja Transport Appoints Three New Board Members To Help Strengthen its Operations
Kenyan taxi app Maramoja Transport Board has appointed three new members to help fortify the firm’s business strategy in the region.
The acquisition will see MaxAB accelerate its expansion into the Maghreb market, empowered by WaystoCap’s expertise in the region.
Integrated Aerial Systems was founded in 2016 and has since built up a strong presence in the agriculture sector. Recognized in 2021 by the UN as one of the 50 Best Small Businesses in the world, IAS is one of only 3 licensed crop spraying operators in South Africa.
IFC provided record financing in fiscal year 2021 in the Middle East and Africa to help thousands of small businesses access finance, connect people and businesses to reliable digital infrastructure, trade and services, and help to meet critical health needs amid the COVID-19 pandemic.
Nigerian mobility startup Plentywaka raised $1.2 million seed round, after successfully ending the Techstars Toronto Accelerator Program in July 2021. The startup also announced it has fully acquired Ghana’s mobility startup Stabus.
Arab Bank launched its fintech-focused corporate accelerator program “AB Accelerator” in Egypt, following its successful launch in Jordan back in 2018.
Tech talent company Andela has announced that its developer learning community. Andela Learning Community (ALC) has now surpassed 100,000 learners.
UK aid from the UK government has enabled 2,000 young farmers in western Kenya to build sustainable livelihoods in the horticulture sector.
Le Groupe de la Banque mondiale (BM) accompagne l’offre de formation de la jeunesse en consentant un financement substantiel d’un montant global de 97,5 millions de dollars au secteur éducatif.
Invest Africa, the trade and investment platform for African markets, has launched a new programme of support for over 500 African MSMEs.
Leading startup ecosystem players in Africa have today kicked off a two-day workshop to design solutions for challenges that the startups in the region are facing.
[Africa Tech Week] Duncan Mochama: Facebook has partnered with African telcos to extend subsea cable to four countries
The 2Africa consortium, comprising China Mobile International, Facebook, MTN GlobalConnect, Orange, stc, Telecom Egypt, Vodafone, and WIOCC, announced the addition of four new branches to the 2Africa cable.
Fintech startup Pngme raises $15m Series A funding to power the future of financial services in Africa
Fintech startup Pngme raised $15 million in Series A funding as the company sets out to grow its financial data infrastructure and machine learning-as-a-service platform for financial institutions and fintechs across sub-Saharan Africa.
[Column] Clayton Hayward: Entrepreneurs need to better understand risk and fail better by failing fast and forward
According to serial entrepreneur and Ukheshe Technologies CEO, Clayton Hayward, many entrepreneurs don’t truly understand the nature of risk, which has a direct impact on the success of their business idea.
Kenyan fintech startup Kwara is among the 11 startups from around the world that have been selected to join the Mastercard Start Path program.
Cisco Systems has announced its intent to acquire application monitoring company Epsagon. Globes said several sources have told it that Cisco will buy the start-up for USD 500 million.
The Hague Institute for Innovation of Law (HiiL) has announced the four startups that will go on to the prestigious HiiL Justice Accelerator.
Ghanaian startup Plendify has launched a B2B e-commerce marketplace to connect customers with small and large African wholesalers, manufacturers, exporters, and importers.
Kaspersky’s recent research shows that the overall number of financial malware attacks in countries like Kenya decreased in the first half of 2021 when compared to the same period in 2020.
Tizeti launches NeXTGEN connectivity solutions, announces partnership with $5m fund for African startup ISPs
To enable more Africans take advantage of digital offerings in a new world defined by the Covid-19 pandemic, West Africa’s solar-based internet and voice service provider Tizeti, has launched new connectivity offerings.