Rand Merchant Investments, through its fintech investment arm, AlphaCode, has taken a 25.1% stake in Guidepost, a high-touch diabetes health and insurtech innovator that is poised for international expansion.
Standard Chartered Bank injected KShs 6.3 billion in direct and indirect lending to Micro, Small and Medium enterprises (SME) in 9 months to September 2019
Nigeria’s young tech sector faces a major hurdle in an unreliable power supply, with the average tech firm reporting over 30 power outages per month, according to a major new survey.
Walid Amer is an experienced Certified Management Accountant with proven leadership expertise in assisting others in understanding the instrumental role finance data plays in improving business processes.
Truecaller has announced that it is launching its developer program in Kenya and revealed that their app is the second highest-grossing app in the country.
Nigeria’s leading e-payments company Interswitch has acquired a majority stake in healthcare technology startup e-Clat.
uKheshe, South Africa’s QR cash card and micro transaction platform will reward 20 entrepreneurs with R25 000 this summer in its “Go cashless” campaign.
Glovo, which links motorcycle riders to consumers wishing to buy and deliver products, has partnered with News Cafe in a move aimed at expanding their market footprint in the country.
Kaspersky has chosen four tech-based startups in the final tour of its call for startups to submit pioneering technological proposals, under the Kaspersky Open Innovation Program launched in May 2019.
Nigerian music streaming service Playfre has announced that it is launching in 13 more African countries. Before this, music streaming on Playfre was only limited to only 5 African countries
Goodwell Investments has agreed to invest $2 million in Nairobi based fast-growing on-demand delivery platform Sendy.
South Africa’s QR cash card and microtransaction platform, uKheshe, has won the 2019 Global Fintech Hackcelerator Southern Africa competition.
The Lord Mayor of the City of London Peter Estlin, has announced £10 million of UK Aid support towards the Catalyst Fund during a visit to Nairobi.
Winners of the Botswana Innovation Fund Second Call for proposals have been announced. According to the Botswana Innovation Hub total of 324 applications were recorded in the second call for proposals.
Alibaba founder Jack Ma's Africa Netpreneur Prize Initiative (ANPI) has identified the top 10 finalists entrepreneurs for its grand finale event.
AfriLabs, the largest pan-African network of technology and innovation hubs has admitted 20 new hubs to its network, spreading its reach farther and wider.
The U.K has announced a Ksh. 1.3 billion fund to support fintech startups in Kenya. This announcement was made by The Lord Mayor of the City of London Peter Estlin during a visit to Nairobi last week.
FAO and the Netherland's Development Finance Company partner to improve agriculture financing in developing countries
FAO and FMO, the Dutch Entrepreneurial Development Bank have launched a partnership to increase investments in favor of SMEs and small-scale producers operating within the agribusiness sector in developing countries.
RiseUp, a Cairo-based platform that connects startups to resources worldwide, has acquired StarterHub, a Middle East and North Africa (MENA) focused online startup community.
[South Africa] Tshimologong Digital Innovation opens applications for this year's TechAccel programme
The Tshimologong Digital Innovation Precinct is calling on growth-stage startups to participate in this year’s TechAccel programme, a high-impact accelerator designed specifically for growing tech companies.
VentureBuilder, which is focused on scaling African-owned and managed off-grid solar enterprises, has officially been launched.
Vodacom is launching a series of workshops and interactive sessions called the Fast Forward Series, to drive significant growth and change within the South African business sector.
Pharmaceutical company Boehringer Ingelheim has collaborated with Kenyatta and Strathmore Universities to launch the Making More Health Venture4Change idea competition.
Sidian Bank has received the second tranche of Sh300 million of the initial Sh600 million long term facility from Oikocredit for onward lending to SMEs and microenterprises.
South Africa and Switzerland are set to deepen their collaboration in science, technology and innovation (STI) following the renewal of a fruitful STI cooperation agreement between the two countries.
The list of startups that will have the opportunity to get their startup to take-off at the AfricaCom’s AHUB Pitch and Win 2019 in partnership with GSMA, have been announced.
The International Finance Corporation (IFC) has announced that it is investing $1 million in Tunisia’s Anava Seed Fund (ASF) to boost the country's Startup Ecosystem.
uKheshe, South Africa’sQR cash card and microtransaction platform, is a finalist in the 2019 Global Fintech Hackcelerator Southern Africa competition.
VC4A has announced the 12 ventures (11 Series A and 1 Seed+) for its 2019 Venture Showcase. These companies represent the best investment opportunities on the continent.
Kenyan e-Logistics company, Lori, has officially announced its expansion to Nigeria in a bid to cement its footprint across Africa.
Singapore - Alternative credit scoring fintech company, CredoLab, officially launches in Kenya to drive financial inclusion by credit scoring more people, especially those who are new to bank and new to credit.
Nigeria’s technology innovation centre Co-creation Hub (CcHUB), has acquired Kenya's iHub for an undisclosed fee.
MaxAB, an Egyptian B2B e-commerce marketplace that connects informal food and grocery retailers with suppliers via an easy-to-use app, has secured seed funding of $6.2 million, one of the largest ever seed rounds raised by a MENA startup.
Facebook is inviting applications for the third edition of its London accelerator programme, which is open for the first time to startups from Africa
Kenyan-based start-up, Tiny Totos has won in the Africa regional finale of the MIT Inclusive Innovation Challenge (IIC) held in Addis Ababa hosted by Liquid Telecom.
Laos-base payment solutions provider KiwiPay has announced plans to launch in seven African countries. This is part of the company’s global expansion move.
Ken Njoroge, Fintech company Cellulant Co-founder & Co-CEO Ken Njoroge has been named the recipient of the 2019 Schwab Foundation Social Entrepreneur of the Year Award.
Facebook has announced the launch of – Boost with Facebook – a program that aims to train and equip SMEs in Kenya with digital tools and technologies to help grow their business.
Telecommunications company, 9mobile, has affirmed its support for young entrepreneurs and technology start-ups, promising to assist them in achieving their growth and development plans in a competitive global economy.
[Tanzania] Vodacom and Smart Lab partner to support business startups in new Vodacom Digital Accelerator programme
Telecommunication company Vodacom Tanzania Plc and Smart Lab have launched “Vodacom Digital Accelerator,” a program that intends to help early-stage and growth-stage technology startups become profitable and revenue generating businesses.
Murdoch University partners with Kingdom Business Network to train 1,000 African entrepreneurs by 2022
A new partnership between Murdoch University in Western Australia and the South African-based Kingdom Business Network (KBN) took a first step towards formation after a visit to Perth for Africa Week by a delegation of five of its members.
Three Kenyan firms among top 12 finalists in the Liquid Telecom's MIT Inclusive Innovation Challenge
Leading pan-African telecoms group Liquid Telecom has announced that the Regional Finale of the MIT Inclusive Innovation Challenge (IIC) will be held on 20 September 2019 in Addis Ababa, Ethiopia.
Econet has announced a partnership with US start-up Atlas AI to create opportunities for African businesses and their clients by harnessing AI-generated data insights to drive digital transformation.
The TechTribe Accelerator (TTA), a brand-new online training platform wants to offer online training to thousands of African entrepreneurs across SADC members countries.
Google for Startups UK has launched its first-ever Africa immersion cohort, a 12-week programme designed to bring the best of Google expertise and the London startup ecosystem to technology companies from Africa.
Self-publishing company Start-up Guide yesterday announced the launch of the first Start-up Guide in Africa.
African Business Angels Network and AfriLabs have together launched Catalyst, an initiative to support the African start-up ecosystem and deliver real, measurable impact to stakeholders.
A $500 million commitment to developing agriculture opportunities for young Africans, a “Deal Room” that delivered some $200 million in new investments
[Kenya] ENGIE acquires off-grid solar solutions provider Mobisol to expand its energy offering in Africa
ENGIE, a French multinational electric utility company today expanded its decentralized energy offering in Africa through the acquisition of Mobisol, a pioneer of off-grid solar solutions in Africa.
AlphaCode has awarded R23 million supplier development loans to three fintech startups, Zande Africa, Bright On Capital and Livestock Wealth.
Up to 64 per cent of food consumed in Africa is handled by millions of SMEs, creating a food revolution, report
A new report finds that millions of small- and medium-sized enterprises (SMEs) source directly from millions more smallholder farmers across Sub-Saharan Africa.
Kobo360, the African e-Logistics start-up, has launched its operations in Nairobi, Kenya, marking the company's first physical expansion into East Africa.
Shuttle-hailing firm SWVL today announced plans to pump $15 million (KES 1.5 billion) into its Kenyan operations.
Kenya’s logistics platform Sendy has opened up its platform to include freight services from the inland container depot and long-haul logistics services.
Nomanini, South Africa's pioneering fintech platform for the informal retail ecosystem, has announced a $4m funding round led by Standard Bank.
Smatbeba, a Kenyan startup, which links cargo owners with delivery drivers via mobile apps, plans to expand its footprint to every part of the country by the end of the year.
Facebook celebrates 'Icons of Change' from across Sub-Saharan Africa with a youth gathering in Accra Ghana
Facebook is bringing together 40 young leaders, developers, entrepreneurs and change makers from across Sub-Saharan Africa, to a two day event in Accra, Ghana.
MEST Africa continues its commitment to early-stage startups, investing in eleven teams from its 2019 graduating cohort.
Two months after its launch in Lagos, the kwik Delivery platform has reached 2000 verified customers and is already well on its way toward 3000 verified customers.
It has long been clear that agriculture needs more young people, not only to secure Africa's future food security but to modernize farming.
Ten selected African startups utilising hardware and deep technology tools in their businesses will journey across five Asian cities during the two-week tech tour which will run until September 8, 2019.
Facebook's third-party fact-checking programme relies on feedback from the Facebook community, as one of many signals Facebook uses to raise potentially false stories to fact-checkers for review.
10 months since launching its financial inclusion platform, uKheshe, the fintech company has announced the completion of its first seed investment round.
Nairobi-based affordable diagnostics startup Ilara Health has raised $735,000 from seasoned investors including ShakaVC, a Nairobi-based firm backed by Chinese investors.
Kobo360, the digital technology platform disrupting African third-party logistics, has announced the completion of a $20M Series A equity round.
Nigeria’s digital content distribution startup Publiseer, has been shortlisted for the Unilever Young Entrepreneurs Awards 2019.
As Angola’s new president João Lourenço embarks on reforms aimed at fostering a dynamic local entrepreneurial sector, his success will ultimately be judged by the fortunes of people like Alcino António.
Allied Wallet Africa, a global FinTech company offering various payment solutions in 196 countries, recently announced a new office in Angola, Africa to support the growing opportunities for African entrepreneurs.
Volkswagen has partnered with the Lionesses of Africa organization to assist in developing their over 600 000 female entrepreneurs across 54 African countries.
Uzoma Dozie, one of Nigeria’s leaders in the financial sector, has launched a new financial technology community and ecosystem, Sparkle, a mobile-first platform focused on the country’s retail sector.
BTN Mobile is a South African digital telecommunications network that seeks to revolutionize the telecommunications landscape in the country.
Boehringer Ingelheim, one of the world’s leading pharmaceutical companies, has called on innovators in Africa to adopt viable business models for their enterprises to ensure growth and sustainability.
Meskerem is a middle-aged Ethiopian woman, who runs a café and bakery with ten employees in an affluent neighbourhood of Addis Ababa, Ethiopia.
[Kenya] Branch International raises another KSh.500M from Centum-owned, Barium Capital for local expansion
Mobile lender Branch International has announced its fourth commercial paper issuance from Centum-owned advisory firm, Barium Capital, raising Ksh500 million.
Kenyan-based logistics startup Lori Systems has announced the appointment of Uche Ogboi as the company’s Chief Operating Officer and Efayomi Carr as Head of Strategic Finance effective 29 July.
The Free Trade Zone is an excellent idea and can be implemented to become a global reality that benefits the whole world, and not just Africa
US-based impact investor Gray Matters Capital has today announced that it has funded Taimba, a Nairobi based B2B Agri-Tech start-up to the tune of US$100,000.
[Nigeria] The GreenHouse Lab Accelerator opens applications for African Female-led startups 2019 cohort
The GreenHouse Lab Accelerator has opened its application for early-stage female-led African tech startups.
The Germany Africa Business Forum has announced it has, in collaboration with private partners from the energy industry, launched a multi-million Euro funding commitment to invest in German energy startups that focus on Africa.
India based PayMate, a B2B payments provider has raised $25 million in a new series D round from Visa to expand to Africa, Eastern Europe and the Middle East.
[Senegal] GreeenTec Capital Partners signs deal with DER to tackle investment challenges for entrepreneurs
The Senegalese General Delegation for the Acceleration of Entrepreneurship for Women and Young People (DER),has signed a partnership agreement with GreenTec Capital Partners.
[South Africa] UK-SA Tech Hub, Future Females partnership delivers first 50 female tech entrepreneurs graduates
Earlier this year Future Females secured a partnership with the UK-SA Tech Hub, to support 50 South African, early-stage female tech entrepreneurs, to transform their ideas into businesses.
In its continued commitment to youth empowerment through information communication technology, telecom operator, AirtelTigo hosted 40 young aspiring entrepreneurs from Junior Achievement (JA) Ghana.
World Youth Skills Day is celebrated in July signifying a day where rising unemployment among the youth is highlighted and the steps that need to be taken to curb this challenge globally.
Sasol has reaffirmed its partnership with the Government of Mozambique to deliver on its socio-economic development strategy focusing on the creation of self-employment opportunities for locals.
The French startup kwik has announced today that Olatowun Candide-Johnson, a Nigerian lawyer and businesswoman, has officially been appointed Chairwoman of its supervisory board.
Global delivery firm Glovo has announced a new wave of strategic partnerships with local and international brands, a move aimed at expanding their market footprint within Kenya.
HSEVEN launches Africa startup acceleration programme with up to €1.5 million investment per business
HSEVEN, Africa’s largest accelerator is launching “HSEVEN DISRUPT AFRICA”, an ambitious startup acceleration program designed for entrepreneurs of the Moroccan and African diaspora.
The European Investment Bank intends to provide 30 million euros of funding to support Angolan small and medium-sized enterprises, Angolan bank representative Marc Leistner has said.
Business coach and trainer, TriciaBiz has launched an online business school, Business Lab Africa with the aim of helping entrepreneurs in Africa succeed in business.
Inlaks is set to birth an innovation lab called thehatch. The launch of thehatch supports the vision of Inlaks to expand into a new phase termed “Inlaks 2.0”.
OPay, a provider of a rapidly growing mobile payment service and consumer platform in Nigeria has raised $50 million in total funding
In the last three years, start-ups have been generating a growing interest in Morocco among public institutions, international organizations and corporates.
Cameroon and the UN Economic Commission for Africa (ECA) have partnered on a project to operationalize Cameroon’s digital transformation blueprint.
Facebook, and West Africa’s largest cable data provider, MainOne is among the top tech companies that will grace the #StartupSouth Startup/Entrepreneurship conference in Uyo, Akwa Ibom State in Nigeria.
Benjamin Manirafasha is the founder of Iris Hub, an incubation and innovation center that is using technology to address youth unemployment in Rwanda.
Elizabeth Eweka-Adeshina is the founder and CEO of IDHS, a Nigeria health startup.
French start-up Africa Delivery Technologies has launched the Kwik app aspires to enhance last-mile delivery services in Nigeria.
For the last six years, Joe Maina has built Matrixoft Data Solutions to address clients’ pain points by leveraging on technology.
Africa-focused healthtech genomics and AI startup, 54gene, is leading in the diagnosis and medical treatment of people in Africa.