Union Bank, one of Nigeria’s foremost financial institutions, has unveiled the 2021 UnionX Innovation Challenge, as part of efforts to support young startups and boost innovation in the startup ecosystem.
[Africa Tech Review] Duncan Mochama: Fintech is driving and reshaping the financial sector in Africa
As a key driver of growth in the region, fintech has become a viable alternative to traditional banking in both urban and rural areas.
Faulu Microfinance Bank plans to lend up to Ksh.3 billion to local micro, small and medium enterprises (SMEs) to help them recover and grow following the Covid-19 economic turmoil.
Early-stage investor DFS Lab has announced that it will facilitate a virtual design sprint in March 2021 for fintech startups in Egypt.
Kikao64 has opened a new co-working space, an ‘inspirational hub’, in Eldoret town in response to the town’s new high-tech community of entrepreneurs, startups, nonprofits, freelancers and creatives
360VUZ, the immersive video mobile app was selected to join the first ever "Google for Startups Accelerator" in the MENA region, that is held by Google as part of its "Grow Stronger with Google Initiative"
The Tony Elumelu Foundation (TEF), Africa’s leading philanthropy empowering African entrepreneurs is now accepting applications for its 2021 TEF Entrepreneurship Programme.
This week, a new report from The African Data Centres Association (ADCA) and Xalam Analytics revealed that Africa needs 1000MW and 700 facilities to meet the growing demand
The U.S. International Development Finance Corporation (DFC), disbursed a $1 million equity investment in Kasha Global, an e-commerce company that provides women’s health and personal care products to customers in Rwanda and Kenya.
Kenyan trucking logistics marketplace startup Amitruck has secured an ‘undisclosed’ investment led by US-based Dynamo Ventures with participation from Plug and Play Ventures
The Kenya National Innovation Agency (KeNIA) has established a National Innovation Technical Committee that will help build a comprehensive and inclusive framework for nurturing startups.
Ride-hailing app Bolt has raised Ksh.19.8 billion funding from D1 Capital Partners to bolster safety and security measures on its platform.
As one of South Africa’s most active Venture Capital investors, HAVAÍC says 2020 saw the commercial adoption of technology increase at unprecedented rates, as illustrated by the performance of HAVAÍC and its portfolio companies.
[South Africa] Mastercard Foundation and African Leadership open applications for 2021 Anzisha Prize Fellowship Program
Mastercard Foundation and African Leadership Academy have opened applications for the 2021 Anzisha Prize Fellowship Program. The program is open to young African entrepreneurs between 5 and 22.
As more of Africa’s 526 million Internet users are opting to buy goods at the click of a button, Kenyan e-commerce revenue is projected to hit $1.5 billion in 2021.
REGUS, the flagship brand of the IWG Holding (International Workplace Group) has announced plans to open a new workspace in Togo.
MTN Rwanda is considering setting up an independent company to take on and operate its financial technology operations.
South Africa’s security and medical response platform AURA has launched a WhatsApp security chatbot in partnership with Tracker, the country's stolen vehicle recovery solution provider.
Ghana’s AgroCenta has raised $790k to enable it to develop its smallholder farmer inclusion programmes and procure crops at transparent and fair market prices to service offtake contracts.
Creating a memorable customer experience is fast becoming a top priority for businesses – and for good reason, says Reynhardt Uys, Chief Experience Officer, Immersion Group.
[South Africa] 2021 Joburg Smart City Innovation Challenge launched, R500k up for grabs
For many businesses, finding success amid the COVID-19 era has been challenging. The pandemic has brought with it many challenges and the outlook for businesses remains uncertain.
SAB Foundation has announced the winners of its Social Innovation and Disability Empowerment Awards. Meat Naturally and Agricool Finance were awarded joint first place in the 10th Annual Social Innovation Awards
Startup studio 1888EC partners with Mastercard Foundation to create digital solutions for tourism sector in Ethiopia
Startup studio 1888EC announced a partnership with the Mastercard Foundation to create Ethiopia's first travel and leisure platform aimed at creating digital solutions and job opportunities within the contry's tourism sector.
An agreement has just been signed between the French Development Agency (AFD), the European Union (EU) and the General Confederation of Businesses in Ivory Coast (CGECI).
Almasi Ndangili is the founder of Imarisha East Africa Productions Ltd, a Kenya-based talent academy promoting education through edutainment.
2020 was a difficult for everyone, but businesses faced an especially tough time. A few startups have, however, risen above the storm, managing to continue on their upward growth trajectory.
carbonTRACK Africa is a South Africa technology startup that seeks to create a world where energy is consumed sustainably, shared fairly and empowers all people.
Kenyan fintech startup Popote Payments has raised an undisclosed amount of funding from Lagos-based fintech investment company GreenHouse Capital.
A study carried out among 874 young Kenyan agripreneurs drawn from 31 countries last year has revealed the impact COVID-19 continues to have on small businesses and brought to light the kind of skills they require to survive future shocks.
Nigerian last-mile delivery startup Kwik Delivery announced it has released its Kwik Delivery plugin for Shopify, allowing Nigeria-based Shopify merchants to seamlessly integrating Kwik’s groundbreaking last-mile delivery service.
South Africa fintech startup Ukheshe has announced the appointment of Prins Mhlanga, CEO of Ocean on 76 Group, as a non-executive director.
The Japan International Cooperation Agency (JICA) is expanding its startup accelerator program (NINJA Accelerator) to Kenya. NINJA Accelerator is part of JICA’s Next Innovation with Japan project (Project NINJA).
Bloc Smart Africa Impact Fund launches with governments of Luxembourg and Cote d’Ivoire as anchor sponsors
BLOC Smart Africa, a Flagship program of the Smart Africa Alliance, a pan-African initiative to accelerate sustainable socioeconomic development, announced its incorporation and sponsorship from the Governments of Luxembourg and Cote d’Ivoire.
With AXA IM Alts’s support, Sanergy would be well-positioned to scale its operations in Kenya and across the region.
American technology giant Google has announced a 10 million US dollar package to support Kenya's post Covid-19 recovery efforts.
South Africa's fintech startup Ukheshe has entered into a new Bank Identification Number (BIN) deal with Kenya-based lender KCB Bank Kenya.
South Africa’s VC firm Knife Capital has announced the launch of its second Section 12J Venture Capital Fund to allow new investors to participate.
StarNews Mobile has launched its grassroots Youth Initiative incubator in partnership with Solutions on Point to empower young individuals interested in the digital film industry.
The former President of Mastercard Europe, Javier Perez, announced the launch of Global PayTech Ventures (GPT), the first venture capital firm focused exclusively on ground-breaking payment technology.
Nairobi-based insurtech startup Pula has closed a Series A investment of $6 million led by TLcom Capital, with the participation of Women’s World Banking.
Algerian Private Incubator IncubMe has announced plans to launch in Kenya in March this year. Twenty-five African startups will be selected for this program.
Echelon Capital has announced plans to inject US$1 million in funding in Nigerian tech startups beginning February 2021.
Taptap Send's app-based solution which is also live Ghana, Madagascar, Senegal, Mali, Zambia, Guinea, Ivory Coast. Cameroon and Bangladesh allow users to send money at no fee.
Kenya’s ICT sector has seen a 10.8% average annual growth since 2016, making it one of the fastest-growing tech environments on the continent.
Nigeria’s edtech startup uLesson has raised $7.5 million Series A funding led by Owl Ventures, with inclusion from existing investors, TLcom Capital and Founder Collective and participation from new investor LocalGlobe.
Autochek, the automotive technology company that aims to build solutions for the African market, has commenced operations in Accra, Ghana.
Africa's tech industry is still at an infant stage, with an industry wide revolution dubbed the fourth industrial revolution. Africa to some extent missed the first, second and third revolution and is yet to miss the fourth industrial revolution (4lR) which is mixed up with industry 4.0.
TransUnion partners with South Africa's fintech startup Fincheck to improve access to finance for consumers
Global information and insights company, TransUnion, has partnered with South Africa’s financial marketplace, Fincheck, to make credit application process easier and less frustrating for consumers.
There continues to be a wide misalignment between traditional venture capital models and the African market, this is according to a new White Paper published by East African venture advisory firm Kinyungu Ventures.
Mobile retail platform Copia was among the startups from around the world selected to host a Global Entrepreneurship Laboratory (G-Lab) project in collaboration with the MIT Sloan School of Management.
Mobile-based crypto app Electroneum reports over 1,760 app downloads and 1,200 new registered accounts a day
Electroneum has so far has 4.12 million registered users after a week that saw an average of just over 1,200 new sign-ups per day, reported Ellen MacPherson, the project's Data Analyst Manager.
THE JUA Kickstarter Fund has doubled to $2-million to become the biggest African capital venture fund launched by private individuals.
[Column] Francis Wainaina: Growing Kenyan entrepreneurship – the digital programmes and projects that are shaping the future
With the rise of Kenya’s digitally enabled start-ups, developing local entrepreneurship is pivotal to the success of an inclusive digital transformation journey.
Knowledge Officer has announced the launch of the Tech Fellowship, a comprehensive and fully funded program for most in-demand specializations in the Middle East and North Africa (MENA) region.
Egyptian life science startup Nawah Scientific announced the the closing a second pre-series A round of $1 million in mixed equity and debt capital, raising its total funding to $2 million.
Docspert Health, a telemedicine startup with operations in the UK and Egypt, announced it has successfully closed Six-Figure USD investment in seed funding from Flat6Labs and a group of angel investors in the UK and USA.
Kenyan AI-powered insights startup Gro Intelligence announced the raise of $85 million in Series B funding, co-led by Intel Capital, Africa Internet Ventures and the family offices of Ronald Lauder and Eric Zinterhofer.
International Center for Youth Development on Technopreneurship, ICYDT, is a Uganda startup working on skills development and reduction of poverty among the youth using information technology.
E-health startup Play Zuri Health, a branch of the Play Communications Limited has today launched its mhealth app in Kenya
The covid-19 pandemic altered the usual way of doing things and we should therefore expect a number of innovations on new emerging technologies to adapt to this new normal, mostly from African tech startups.
Ventures Platform Foundation (VPF), the social impact arm of Ventures Platform Hub, has opened applications for its latest incubation programme, Gov Labs.
The UK-Nigeria Tech Hub and Nigeria’s engineering training institute Decagon Digital have announced the pilot phase of their Developer Placement Programme.
Egypt-based fintech startup Cassbana has raised $1 million in a pre-seed funding round led by Egyptian fintech-focused venture capitalist fund Disruptech Ventures.
Kaspersky Innovation Hub (iHub) and edge cloud provider G-Core Labs have joined forces to search for and support promising gaming startups.
CARMA is an African-based startup that offers proprietary decentralized technology allowing lenders to get more value by accessing data on a real-time basis.
[Column] Patrick Ndegwa: Fostering new business models in the digital economy - what role does policy have to play?
The digital economy is changing both our lives and the ways we do business. It's driven by data and information, and we’re starting to see more startups exploit digitally enabled opportunities.
Kenya-based digital bank for emerging markets Umba has raised a US$2 million seed funding round to help it expand product capabilities.
American tech giant Google is expanding its startup accelerator programme to the Middle East and North Africa (MENA).
Kenyan e-health startup Damu-Sasa has received a $20,000 grant funding from Villgro Africa to enable it to enhance its contributions to mitigating the spread of COVID-19.
Mastercard has partnered with Junior Achievement Nigeria (JAN) to help bridge the digital and financial literacy gap amongst school students and young adults in Nigeria.
Africa Enterprise Challenge Fund launches $8.5Million Grant to support Clean Energy startups in Somalia
The Africa Enterprise Challenge Fund (AECF) has launched an $8.5 million grant facility to support renewable energy startups in Somalia and Somaliland.
GOODsoil VC, an Africa-focused early stage venture capital firm headed by a diverse team of entrepreneurial investors, makes true on its mission to drive financial inclusion across the continent with an injection of $940 000 seed capital in Ghanaian fintech company Zeepay.
Kenya's Mbali Health are the winners of IBM and David Clark Cause’s 2020 Call for Code Global Challenge for designing the Mbali Health application that connects patients to care providers in a socially distanced way.
FSD Africa Investments (FSDAi), the investment arm of FSD Africa, announced a $4.5 million commitment to Funds set up by Lendable, to boost the capacity of alternative financial service providers in sub-Saharan Africa .
FMO and Cathay AfricInvest Innovation have invested in Aerobotics, a South African AgriTech startup developing intelligent tools to the feed the world.
African startup StarNews Mobile, specialized in the field of mobile video, achieved its first fundraising with Investisseurs & Partenaires, a pioneering impact investing group dedicated to small and medium-sized enterprises in Sub-Saharan Africa.
Healthtech startup Ilara Health raises $3.75m to provide life-saving diagnostics across sub-Saharan Africa
Ilara Health, a healthtech startup focused on bringing essential, affordable and life-saving diagnostics to African consumers, raised $3.75 million in Series A funding to expand its diagnostic reach across the continent.
HexGn, a consulting firm known for fast-tracking entrepreneurship and upcoming technologies globally, has joined hands with the Africa Islamic Economic Foundation (AFRIEF), to launch its flagship startup program, HexGn Startup Explore, in Africa.
Nigeria’s specialised local currency infrastructure credit guarantee firm InfraCredit has completed an approximately $27m equity investment by InfraCo Africa.
The African Development Bank has joined a group of 11 multilateral development banks (MDBs) and the International Monetary Fund (IMF) on Thursday in launching a first-ever joint report on financing the Sustainable Development Goals.
inQuba, a Customer Journey Management startup, secured expansion capital from venture capital firm Knife Capital and African corporate and investment bank Rand Merchant Bank.
IFC, a member of the World Bank Group, in partnership with Kobo360, an African digital logistics platform, announced an open call for innovators from around the world to bring climate-smart, temperature-controlled logistics (TCL) cooling solutions to Nigeria.
South African tech startup LetMeIn.to raises R2.2-million to scale its visitor and access management platform.
South African tech startup LetMeIn.to has raised R2.2 million in funding from an undisclosed impact investor to scale up and expand their visitor and access management platform.
Nigerian consumer credit startup CredPal has raised a $1.5million funding round. The funding came as the startup prepares to launch its credit cards.
South African startup myFanPark merges with Starsona to create a global celebrity engagement platform
South African startup myFanPark has announced its merger with Silicon Valley-based celebrity engagement platform Starsona.
International nonprofit economic development organization TechnoServe is partnering with the Aspen Network of Development Entrepreneurs (ANDE), to host the 4th Virtual Micro Retail Stakeholder Forum.
Website builder BaseKit is set to partner with Liquid Telecom to provide a website and eCommerce builder to customers of the African communications provider.
African entrepreneurs in digital agriculture will have new opportunities to secure support and investment as the African Green Revolution Forum takes on the AgriHack Talent project.
Vooora Ventures, the first sportstech Accelerator in MENA, powered by Kooora.com, the digital sports platform in the Arab World, signed an acceleration partnership agreement with Malaeb, a community app that connects people through sports.
[Column] Patrick Ndegwa: Celebrating startups and digital businesses that are uplifting African communities
The positive, far-reaching impact the digital economy has had on various industries has also translated into benefitting and changing the lives of individuals, families, and communities across our continent
25 African tech startups have qualified for the Seedstars World Competition 2020. The startups are among the 94 from emerging markets that were selected to advance to the regional stage of the competition.
Microsoft recently hosted a virtual roundtable – further reaffirming its commitment to digitally transforming the agricultural sector has emerged as key to long-term growth in Africa.
As part of its Young Africa Works program in Senegal, the Mastercard Foundation has partnered with Pan-African fintech InTouch to support the 10 000 Jambaars project, which will deploy a network of 10,000 agents to provide digital services.
The Kenyan government has called for increased public-private partnerships across the country in efforts to promote innovation in the country.
African fintech startup Chipper Cash has secured a $30 Million Series B funding round led by Ribbit Capital with participation of Bezos Expeditions — the personal venture capital fund of Amazon CEO Jeff Bezos.
South African fintech startup Ukheshe today announced it has entered into an agreement to acquire Oltio, a startup that developed Mastercard’s QR payment service in South Africa
On-demand delivery startup Glpvo has announced that it's expanding its operations to two more towns in Kenya - Eldoret and Kisumu this month.
Six African tech startups and one Jordanian startup have secured funding from Orange Ventures Africa & Middle East.
Ibnsina Pharma signed an agreement to acquire 75% stake in Egyptian health and beauty products startup 3elagi Tech, a platform that links pharmacies with patients to order medicines and cosmetics online.