The public and private sectors have this week recorded heightened activities with partnerships, trade and capital markets dominating headlines.
In East Africa, a group of vanguard youthful innovators are transforming the region into a tech powerhouse through modern innovations.
IFC is investing $1 million in Vezeeta, an Egyptian technology company that operates an online platform that allows patients to quickly find doctors.
More than a year and a month after insurance tech startup Pineapple raised R5.2m from Lireas Holdings, the strategic investment arm of Hannover-Re Group Africa, the startup has now been accepted into The Hartford Insurtech Hub.
The African Development Bank, as part of its Initiative to Support Access to Women in Africa (AFAWA), in partnership with Entreprenarium, has launched training sessions for 200 women entrepreneurs.
After launching in Cape Town earlier this year, Startup Guide, the global guide for startups in high-growth innovation hubs in Europe, the US and the Middle East, is open to nominations in Johannesburg.
Konza Technopolis Development Authority and Huawei have announced plans to set up an innovation hub in Kenya, at Machakos University dubbed Konza Innovation Hub.
[Nigeria] TechCrunch Startup Battlefield Africa 2018 highlights achievements of top innovators and startups in Africa
M-SCAN, a company that develops portable mobile ultrasound devices, was crowned as Sub-Saharan Africa’s Most Promising Startup at TechCrunch Startup Battlefield Africa 2018, held in Lagos, Nigeria.
Egyptian e-health startup Vezeeta has raised $1 million in additional funding from IFC to add to the $12 million in Series C financing it raised earlier this year to continue its international expansion.
Janngo has launched in Ivory Coast its first online platform www.Jexport.ci, bridging access to market and competitiveness gaps.
IFC has announced a $6 million equity investment in Kobo360 Inc, a tech-enabled e-logistics platform that connects the supply of trucks with the demand for transportation services by cargo owners in Nigeria.
General Electric has launched an e-learning portal for its Lagos Garage advanced manufacturing training program.
IFC and Egypt’s Ministry of Investment and International Cooperation have selected over 100 high-potential start-ups to participate in a new initiative designed to spur innovation in Africa.
In less than a decade, Africa ICT sector has experienced an unprecedented boom that has caught the world’s attention.
After two years of intensive development, the Mauritius Africa FinTech Hub (MAFH) will be launching in December.
Digital payments platform BitPesa raises $5m from Sompo Holdings to revolutionize cross-border payments
Kenya’s BitPesa has raised $5m from Japanese insurance group Sompo Holdings in a move expected to revolutionize cross-border payments and insurance services globally.
Google has announced the 12 finalists of the first Google Impact Challenge in Kenya. Lewa Wildlife Marathon was named the winner of the Public Vote, while African Prisons Project, Startup Lions and Ujuzi Kilimo Solutions won the Judges’ Vote.
Mobile phone data-driven financial platform Port It Global Inc has closed a Seed round of funding led by Energy Access Ventures (EAV) to drive market expansion in Africa and South America.
IFC and the Cluster Solaire have launched a new Morocco Climate Entrepreneurship Program
MTN has announced the launch of Ugx1bn (US$270,000) fund to support technology startups in Uganda. The fund is expected to provide a financial boost to startups that participate in the MTN innovation challenge series.
[Nigeria] Agritech startup Farmcrowdy celebrates its second anniversary of empowering with close to 8,000 farmers
Nigeria’s digital agriculture platform Farmcrowdy, recently celebrated its second year of empowering close to 8,000 farmers across 10 states in the country.
The Royal Academy of Engineering has announced the 16 African startups that have been shortlisted for the Africa Prize for Engineering Innovation.
South African venture capital firm Knife Capital has announced the twelve African startups that will take part in its fourth Grindstone Accelerator programme.
The World Bank Group has announced L’Afrique Excelle, a six-month business acceleration program designed to support the 20 most promising growth stage technology start-ups operating in Francophone Africa.
[South Africa] Fintech FinChatBot secures $500,000 investment from Compass VC, Kalon Venture Partners
South African venture capital firm Kalon Venture Partners and Mauritius-based Compass Venture Capital have announced their co-investment into one of the leading financial services chatbot providers, FinChatBot
Aspen Network of Development Entrepreneurs, ANDE, has launched Gauteng Entrepreneurial Ecosystem Snapshot in South Africa.
[Kenya] Standard Chartered’s ‘Women in Tech’ accelerator program attracts over 180 women-led startups
Standard Chartered’s ‘Women in Tech’ accelerator program has attracted over 180 women-led startup teams with plans to have the applicants cut down to 40 during a shortlisting exercise slated for later this week.
Job Mutai is the Co Founder and the Creative Director of New Age Media agency, a marketing, communications and media company based in Nairobi, Kenya.
MainOne has partnered with the Meltwater Entrepreneurial School of Technology to provide high-speed internet access to the MEST Incubator in Ikoyi, Lagos.
Despite spirited efforts to provide affordable education to all in Zambia, more than 80,000 children of school going age are out of school.
Two Kenyan startups, Cloud9xp and PayGo Energy were among the second class of 11 startups who graduated this week from Google’s Launchpad Accelerator Africa program in Lagos.
Liquid Telecom has extended the availability of Microsoft Azure from the Cape to Cairo, continuing its lead in the African cloud revolution.
Twiga Foods, a Kenyan mobile phone platform that sells bananas and other produce from small-scale farmers to local vendors and markets is offering local farmers access to a transparent marketplace.
Johnson & Johnson has launched the Champions of Science Africa Innovation Challenge 2.0, a continent-wide competition calling on African innovators to submit ideas for innovative technologies, products and solutions that have the potential to create positive impact for African communities.
14 Fintech startups have been selected to join the CATAPULT: Inclusion Africa program scheduled to take place between the 5th and 9th of November at the LHoFT.
Kenyan Venture Capitalist firm, Novastar Ventures has raised $72.5 million for its second fund, Novastar II.
Self-insurance platform Franc Group has been selected the winner of Seedstars Johannesburg pitch event. The startup will now be heading to the Seedstars South Africa Finals that will be held on November 14th.
Irfan Mirza is an IT consultant, project manager and strategist who co-founded Trend Solar, a power solution for rural communities in Africa.
Oracle has today announced the opening of an Innovation Hub in Johannesburg, a first for Oracle in Africa that will help drive the adoption of emerging technologies across the country’s corporates, public sector and academia.
The Mastercard Foundation has announced a new fund that will enable young changemakers to seed and kick-start promising social ventures and community projects, creating economic opportunities for themselves and others.
The tech startup fever has been spreading across the globe like bush-fire and Africa has not been left out in this bandwagon. More and more people are entering into the tech space because technology never gets old and new inventions keep evolving.
AfriLabs, the pan-african network of 123 technology and innovation centers across 34 African countries has concluded a partnership with Jokkolabs.
Malawi is the latest beneficiary of two regional integration projects expected to spur the leather and textile industry in the country. These are: a state of the art Leather Design Studio and a Garments and Textiles Incubation Center.
Collaborative medicine platform REMA has been named the winner of the Cameroon round of Seedstars World. The startup will now represent the country at the Seedstars Summit in Switzerland to compete for up to USD one million in equity investment and other prizes.
Further disruption in South Africa’s accommodation and property letting sector is on the cards as AirAdvance, a fintech startup, provides those offering private accommodation through Airbnb easy access to affordable finance.
TechCrunch Startup Battlefield in partnership with Facebook, returns to Africa in 2018, featuring panels and keynotes with high-powered industry leaders such as Omobola Johnson, senior partner at TLcom Capital, and Lexi Novitske of Singularity Investments. Following the breakout success of last year’s Startup Battlefield Africa in Nairobi, Kenya, the 2018 competition will unfold in Lagos, Nigeria.
DEMO Africa has announced the five winners for the for the 2019 edition of the Lions@frica Innovation Tour in Silicon Valley. The winners were announced after presenting their technologies to the world at the 7th edition of DEMO Africa held in Casablanca, Morocco.
A consortium of international bankers, Papersoft Africa, and Digital Transformation company iVEDiX have teamed up to launch a transformative blockchain and digital currency initiative.
Rand Merchant Investment Holding, through AlphaCode, has awarded entrepreneurial packages valued at R16 million to eight of South Africa’s most promising financial services startups.
The African Development Bank has approved a $50 million line of credit to Nigeria's Fidelity Bank Plc to support small and medium sized, and women-owned enterprises in selected transformative sectors.
Frankfurt-based firm GreenTec Capital has announced that it is expanding its West African presence with the opening of a new office in Lagos, Nigeria.
London-based startup accelerator Founders Factory has partnered with Standard Bank to launch its first international location in Johannesburg, South Africa to build and scale a further 100 technology startups.
Despite Africa’s impressive growth in past 25 years and its entry into the digital economy, the job market continues to be in a depressed state as youth unemployment continues to rise.
Kenya’s President Uhuru Kenyatta has said the Government will streamline its processes so that it accords Small and Medium Enterprises (SMEs) the support they deserve.
IFC, a member of the World Bank Group, is strengthening its partnership with Al Amana, Morocco’s largest microfinance institution, to increase funding for micro- and small-scale entrepreneurs
Access to clean water is still a challenge in most of the sub-Saharan Africa countries. Due to the scarcity, the ones who are lucky enough to access it have to dig deeper into their pockets in order to enjoy this basic commodity.
The possibility of free trade within Africa is an ongoing one, to which several African countries have pledged their support and signed their agreements. Though Nigeria has shown caution in joining The Agreement, its one champion is Aliko Dangote, Nigerian industrialist and wealthiest African.
Egypt’s The Next 100 African Start-ups initiative, organized jointly by the country's Ministry of Investment and International Cooperation (MIIC) and the International Finance Corporation (IFC) has announced that it will invest in 100 promising startups from Africa.
Habitat for Humanity’s Terwilliger Center for Innovation in Shelter, BDO EA and Pangea have launched the ShelterTech 2018 program in Kenya.
VC4A has announced the eight Africa ventures that have been selected for the 2018 VC4A Venture Showcase – Series A.
Ngamiland community has been urged to support Nhabe Agricultural Management Association (NAMA) towards the construction of a multi-species community abattoir in Sehithwa.
Vivo Energy Maroc and Butagaz brand Liquefied Petroleum Gas, have announced the renewal of its partnership with the Injaz Al Maghrib association during a commitment session to the volunteer program.
KiteBnB will be expanding into South Africa and Mauritius through AccelerAfrica, a business development company that helps technology companies from Europe to penetrate the African market ina a smooth, fast and cost efficient manner.
Egypt’s first mobile community platform for the real estate industry iCommunity has announced $600K in Series A funding from Algebra Ventures, Egypt’s largest venture capital fund.
The web and USSD agritech startup will now represent the country the country at the Seedstars Summit in Switzerland to compete for up to $1 million in equity investment and other prizes.
AfriLabs, the largest network of technology and innovation hubs across Africa, has admitted 23 new hubs into its network making it a total of 123 hubs across 34 African countries.
Wenadata won the Maputo competition and will now represent the country at the Seedstars Summit in Switzerland to compete for up to USD one million in equity investment and other prizes.
Pan-African telecoms group Liquid Telecom is supporting young entrepreneurs at the Westerwelle Startup Haus Kigali through its high-speed internet and cloud-based services.
Microsoft has teamed up with the Lions@frica initiative of the African Technology Foundation to empower the startups finalists that will be pitching at DEMO Africa 2018.
The Ed-tech startup which aims to improve the quality of teaching via the internet by providing access to digital lessons beat 10 other startups to emerge the overall winner.
The African Development Bank’s Fund for African Private Sector Assistance (FAPA), has provided funds totaling nearly US $2 million to its Jobs for Youth in Africa initiative.
The Minister of Finance and Economic Planning Dr. Uzziel Ndagijimana and the Ambassador of the Federal Republic of Germany to Rwanda Dr. Peter Woeste, have signed a financing agreement worth €42 million.
This week, the ever aggressive South African business world has seen two major companies, Vivo energy and Naspers all set to list on Johannesburg Stock Exchange (JSE).
The 164th Session of the Governing Board of the OPEC Fund for International Development (OFID) has approved over US$270 million of new funding to benefit developing countries across the globe.
OFID, the OPEC Fund for International Development has extended grants in support of the Regional Centre for Renewable Energy and Energy Efficiency (RCREEE) and Bibliotheca Alexandrina.
The Legatum Center for Development and Entrepreneurship at MIT, has named South African startup Wala as the grand prize winner of the 2018 Zambezi Prize for Innovation in Financial Inclusion, as well as the regional winner of the MIT Inclusive Innovation Challenge.
The Department of Trade and Industry of South Africa, UNIDO and the Swiss State Secretariat for Economic Affairs have signed a €1.38 million project to support South Africa improve the international competitiveness of indigenous essential and vegetable oils.
The African Innovation Foundation (AIF) has named the top 10 startups that will compete for its prestigious Innovation Prize for Africa (IPA) 2018 awards.
Nestlé and Ashoka have kick-started a social investment accelerator program to accelerate social entrepreneurship and boost the economic development of Africa on 10th September 2018.
ADvTECH has announced the acquisition of Monash South Africa (MSA), a leading South African private tertiary education institution with students from more than 50 countries.
As part of employee volunteer programme, Samsung has arranged the Global Start-up Acceleration Programme in South Africa, in partnership with (SEDA) and NGO Nangila to mentor start-ups in various fields to support the sustainable growth of entrepreneurs.
At first glance, it seems business as usual, but that could not be farther from reality. Business has never been more positive, rapid, nor disruptive.
Francis Vesta is Senior Investment Analyst at Itanna, an offshoot of the Honeywell Group in Nigeria.
Artisanal timber millers are the key suppliers to Ghana’s domestic timber market. However, they have only limited access to commercial timber from production forests.
Yoco, the South African-based Point of Sale payments provider, has raised a Series B round of US$16M led by Partech, a Venture Capital firm based in Silicon Valley, Europe and Africa.
Four businesses that are shaking up financial services have been named as finalists in AlphaCode’s recently launched accelerator programme, AlphaCode Accelerate.
The East African Community (EAC) and the Food and Agriculture Organization of the United Nations (FAO) have reaffirmed their commitment in creating more job opportunities for East African youth in the agriculture sector.
IFC, a member of the World Bank Group, and Egypt’s Ministry of Investment and International Cooperation (MIIC) have signed an agreement to support young entrepreneurs and start-ups in Africa to drive innovation and economic growth.
Agri-tech startup Agro Supply Uganda Limited is the winner of Seedstars Kampala. The startup beat ten other startups that had been selected present ideas at the Seedstars competition held at Outbox Hub last Friday.
Paystack, a Nigeria-based startup providing payments tools to businesses in Africa, has raised $8 million in Series A funding.
Minister for Africa at the Foreign and Commonwealth Office and the Department for International Development Harriett Baldwin has announced a major new jobs creation and investment programme during a visit to Ghana.
The economic well being of any nation rests on the country’s ability the create sustainable jobs for all.
The Forum will be held in Kigali, Rwanda on 5-8 September 2018
The United Nations Industrial Development Organization (UNIDO) has taken part in the Regional Youth Conference in Rwanda.
As the business world becomes more and more technology dependent, it has become impossible to separate that technology from any kind of development. Words like ‘investment’ and ‘startup’ seem inevitably connected to ICT.
Plaas, a farmers blockchain platform is set to revolutionize Farmers Management System (FMS) in Africa.
AlphaCode, an initiative of Rand Merchant Investments, has set aside R16 million to identify a new generation of financial services entrepreneurs through its AlphaCode Incubate initiative.
The Government of Ghana, through the Ministry of Communications, is implementing an ICT Innovation Project at the Accra Digital Centre under the eTransform Ghana Project aimed at nurturing Tech Startups to promote digital entrepreneurship and create digital jobs for the youth.
There are two strong arguments why we need to get greater women and youth involvement in agriculture – pragmatic and strategic.
Itanna will roll out four-month innovation programmes for tech-enabled Nigerian startups from its newly built Enterprise Factory in Lagos, with its pilot cohort of startups receiving USD $25,000 each in investment from Honeywell Group.