South African-based Bitcoin company, Centbee, has announced that it has closed its Series A round with entrepreneur Calvin Ayre, founder of Antigua-based investment firm, Ayre Ventures and CoinGeek.
Seedstars has announced a new partnership with Paris-based First Growth Ventures to launch a $100 million fund to invest in African tech startups.
MEST Africa, the Pan-African entrepreneurial training program, seed fund and incubator, has officially announced its fourth annual MEST Africa Summit, in collaboration with Microsoft.
Mettā Nairobi in Partnership with What Design Can Do (WDCD), Social Enterprise NL and IKEA Foundation has announced the launch of Clean Energy Accelerator Program.
African tech startups raised a total of US$1.163 billion in equity funding in 2018. This is according to the Partech Africa annual report on the financing of African Startups.
Visa, the global payments technology company and Branch, have announced a partnership that will see virtual Visa prepaid debit cards offered to over 2 million consumers in Sub-Saharan Africa.
Standard Chartered Bank today announced the official opening of its Africa eXellerator lab, an innovation hub that will serve as a platform to collaborate with fintechs in Kenya and the broader African region.
Paylater, the Nigerian fintech company specializing in consumer lending, has confirmed its name change in light of its growing banking services.
Cisco has announced the launch an Incubation hub in Kenya. This Incubation Centre will impart business knowledge and speed up access to market for Small Medium and Micro Enterprises.
IFC has launched a program to support the development of Egypt’s fintech space that will help startups extend crucial financial services.
BeepTool, an indigenous tech start-up based in Lagos Nigeria has unveiled m-naira App, designed to bridge the gap in financial inclusion, mobile payment and remittance space.
The Africa Netpreneur Prize Initiative (ANPI) has officially opened applications for African entrepreneurs from all countries, sectors and age groups.
Starting your own business can be a very rewarding thing to do. Freeing yourself from the tedium of a 9 to 5 job and being able to be your own boss and make your own decisions can be liberating.
Kobo360, the technology logistics platform, today announced that it will expand operations into Accra, Ghana and Nairobi, Kenya.
The Oracle Global Startup Ecosystem and the Government of Ghana have announced a new collaborative effort to support technology-enabled startups and entrepreneurs across Ghana.
IFC and Tunisia’s Ministry of Communication Technologies and Digital Economy are launching a ground-breaking program designed to support high-potential startups and drive innovation across North Africa.
Africa-focused Ampion and Berlin-based Plutos Ventures Holding have together founded Ampion Ventures, the goal of which is to build scalable digital business models in selected African countries.
South Africa’s startup FlexClub has closed a $1.2 million seed round led by CRE Venture Capital.
The Founder Institute, an idea-stage accelerator and startup launch program has launched a new chapter in Lagos, Nigeria targeting to work with 20 tech startups annualy.
Google has announced the 12 African startups that will take part in its third Launchpad Accelerator Africa programme
[Kenya] TechnoServe, Moody’s Foundation partnership to equip 1,000 entrepreneurs with business skills
Development organization TechnoServe has announced a new partnership with Moody’s to empower entrepreneurs in the informal settlements of Nairobi.
On a journey to catalyze innovation and fast-track growth for businesses, AirtelTigo Business has rolled out “Flexi Business”, a tailor-made mobile solution for small and medium enterprises.
SAP and Google Cloud have launched a Global Sustainability Contest for Social Entrepreneurs looking for revenue-generating ideas that use data analytics and machine learning to power circular economy businesses.
[Kenya] Blockchain Startup CapAgri selected into æternity Ventures’s 2nd Starfleet Accelerator Program
Kenya’s CapAGRI Africa has been selected among the most-promising seed stage blockchain startups from around the world to take part in æternity Venture’s ‘Starfleet’ Accelerator Programme.
Two African startups, Kenya’s MumsVillage and Sierra Leone’s Mosabi have made it to the second cohort of Gray Matters Capital’s Calibrator program – GMC Calibrator.
Africa-focused Ampion and Berlin-based Plutos Ventures Holding have announced the founding of Ampion Ventures to support African startups with seed capital and strategic expertise support.
The Financial Inclusion Initiative at Omidyar Network has announced the launch Flourish, a new venture firm focused on backing fintech entrepreneurs in emerging markets.
The local communities of Sterkspruit, just outside Aliwal North in the Eastern Cape, will now be able to connect their cellphones to the free WiFi that was officially launched by Communications Minister.
OneFi has secured a $5M debt facility for its consumer facing platform, Paylater. The facility comes from New York and Nairobi-based Lendable, a technology-enabled funding provider to African consumer and SME lenders.
Formalizing South Africa’s SMEs offers opportunities for jobs, economic contribution, IFC study shows
South Africa’s financial institutions and policymakers have a big opportunity to create jobs by expanding financial services in a stronger business environment for smaller businesses.
Three Kenyan startups are among the ten edtech startups from Africa selected to pitch at this year’s Next Billion EdTech Prize. A total of 30 startups from across the world are expected to pitch at the competition, with 10 coming from Africa.
NINE from Nigeria, RiseUp from Egypt, and 22 On Sloane from South Africa have been named as the official Western, Northern, and Southern Africa regional for Jack Ma’s Africa Netpreneur Prize Initiative (ANPI) partners.
The Mastercard Foundation Fund for Rural Prosperity (FRP) today announced that five companies will receive a total of US$4,438,551 to support its financial inclusion agenda in Africa.
TeamApt, a Nigerian fintech company that provides digital solutions and payment infrastructure for Africa, has closed on a $5.5M Series A round, led by Quantum Capital Partners.
Jack Ma’s US$10 MillionThe Africa Netpreneur Prize Initiative (ANPI) will officially call for applications starting from the 27th of March 2019.
Kenyan hardware and connectivity startup BRCK has announced that it has acquired local public WiFi provider Surf and parent company EveryLayer.
Sanofi has announced the extension of the registration period for the call for proposals for this year’s VivaTech, an annual technology conference, dedicated to innovation and startups to February 22nd 2019.
President Cyril Ramaphosa says government will this year focus on significantly expanding the small business incubation programme.
Shortlist has raised $2 million series A led by Blue Haven Initiative, with participation from Compass Venture Capital, existing investor Zephyr Acorn, and several others.
Nairobi Garage has launched new premises in Nairobi Karen, now offering three state-of-the-art hubs creating an interlinking coworking network spanning the whole of Nairobi.
South African based Artificial Intelligence Software & Solutions provider Cortex Logic has secured growth investment to expand it’s reach to new clients in Europe and USA.
The operationalization of the newly-created Fund for Export Development in Africa (FEDA) has moved into high gear with the holding of the pre-incorporation meeting of the Board of Directors in Cairo.
South African venture capital firm Kalon Venture Partners has announced a lead investment of $1,465,400 in local proptech platform Flow, an app that rewards tenants for good behaviour.
Andela, the company building distributed engineering teams with Africa’s top software developers, has announced the completion of a $100M Series D funding.
Sanofi, and a major player in innovation in Africa, has launching three challenges for African startups to find innovative solutions to improve access to healthcare and transform the health ecosystem throughout the continent.
African innovators excelled at this year’s Zayed Sustainability Prize annual awards ceremony on January 14 2019, winning in three out of five categories including Energy, Food and Global High Schools.
CDC, the UK’s development finance institution, has announced a new investment designed to support high-growth SMEs in Nigeria.
IFC, a member of the World Bank Group, has announced an advisory agreement with the Government of Mauritania to improve the business environment and strengthen entrepreneurship in the country.
Visa has announced that it is launching a global initiative – She’s Next, Empowered by Visa – to encourage women small business owners as they build, sustain and advance their businesses.
Nigeria’s digital content distribution startup Publiseer has been accepted to Singularity University’s Global Startup Program.
African tech startups have invited to present their ideas to experts, investors and the media at the Airbus BizLab #Africa4Future open day to be held in Nairobi.
[Kenya] Lendable closes second round of asset-backed pass-through notes with institutional investors to expand access to credit across sub-Saharan Africa
Lendable, Inc. has announced the closing of an innovative secured dual tranche 36-month note program, called Multi-Originator Segregated Portfolio 2, or “MOP2”.
MEST Africa has opened applications for its second annual MEST Africa Challenge, a Pan-African pitch competition for scale-ups based in Ghana, Nigeria, Kenya, South Africa or Cote d’Ivoire.
Digital lender Branch International has today announced its largest commercial paper issuance to date, raising Ksh500 million, following a Ksh350 million issuance in 2018 and a Ksh200 million issuance in 2017.
Standing inside his wholesale shop in Blantyre, Malawi, Asuman Mbalaga is busy checking his stock.
The Africa Internship Academy, a youth employment accelerator provides entrepreneurship programs for secondary, higher education students and graduates to gain entrepreneurial and employable skills.
Africa’s 50 most funded tech companies in 2018 raised a total of $618M according to the Digest Africa INDEX, an annual report that summarises Africa’s technology investment landscape.
Pay-as-you-go solar and finance company M-KOPA has raised funding from Japanese multinational, Sumitomo Corporation to empower homes and small businesses.
IFC, National Committee for the Business Environment partner to unlock potential of private sector in Morocco
IFC, a member of the World Bank Group, and the National Committee for the Business Environment (CNEA), have signed an agreement designed to improve the business climate in Morocco.
SOL Wallet, a fintech startup, has announced its launch in South Africa.
AgroCenta has been selected to be the recipient of $250,000 GSMA Ecosystem Accelerator Grant, funded by UK DFID, Australian AID, and the GSMA and its members.
Sanitary products vending startup YZ-ME International has won a 1 million shillings capital injection from Sinapis Organisation. The startup won the capital during the Sinapis business pitching competition held in Nairobi this month.
Utopixar, a Tunisian startup set to deliver a social collaboration tool for communities and organisations has received up to $100,000 from UNICEF to improve the lives of the country’s most vulnerable children.
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.