Oxford Foundry and FMDQ Private Markets, a subsidiary of FMDQ Holdings Nigeria, have launched a global partnership to accelerate the growth of Nigeria’s startup ecosystem.
la Fondation BGFIBank et l’Institut national des sciences de gestion (INSG) portant sur la construction et l’équipement d’un incubateur des métiers de la Gestion au sein de cet établissement supérieur, une structure qui permettra d’accompagner les startups dans le développement de projets innovants.
AfDB and Ethiopia sign $118 million to support agro industrial park, youth employment and power interconnection
The African Development Bank Group (AfDB) and the Government of Ethiopia have signed two separate grant agreements for new projects to boost youth employment and electricity trade between Ethiopia and Djibouti.
[Column] Cathy Smith: Sustainability or extinction: what African enterprises need to know about the next ten years
Businesses and countries across the continent are attempting to rebuild following the devastating economic impact of the pandemic.
[Africa Tech Review] Duncan Mochama: African fintechs are diversifying to offer a wide range of complementary services
Kenyan-based fintech startup Cellulant this week also received approval from Bank of Tanzania to Become a Payment Solution Service Provider.
[Column] Tonny Tugee: Connectivity, collaboration, competition - The 3 essential Cs for Africa’s growth
If we want to develop Africa’s digital stronghold and support the continent’s growing young population, every person needs access to high-quality, low-cost connectivity.
Facebook, Ajua Sign Agreement to Empower African SMEs with Automated Customer Support through WhatsApp
Ajua has signed an agreement with Facebook to automate commercial interactions and customer support for businesses through WhatsApp.
Medical Credit Fund (MCF), a non-profit fund exclusively dedicated to financing small and medium-sized healthcare companies in Africa, celebrated the first loan disbursement within MCF2.
[Africa Cloud Review] Simon Ngunjiri: Cloud is playing a big part in the growth of African enterprises
Analysts predict more and more businesses will be moving to cloud as businesses and their employees worldwide continue to face tremendous challenges in maintaining business continuity.
L’association Light On organise, jusqu’au 31 juillet prochain, avec le soutien du Groupe de la Banque africaine de développement et d’autres partenaires, le concours « Salon de l’énergie et du développement durable » (SEDD for Innovation).
On behalf of the World Bank’s Africa Regions, World Bank heartily congratulate all of their Blog4Dev winners who are the torchbearers to Africa’s development journey and serve as important voices in their respective countries.
This week, Eocband has partnered with Workonline, one of the largest IP transit providers on the African continent to boost internet connectivity in Ghana.
With a flourishing ICT sector that has grown by an average of 10.8% every year since 2016 and as a home to some of Africa’s most innovative start-ups, Kenya’s nickname of “Silicon Savanah” couldn’t be more fitting.
A business which gives out virtual cash in exchange for rubbish, a start-up that converts faecal sludge into fuel briquettes, and an enterprise which offers smart metering solutions for solar mini-grids, have won the SEED Awards
Nigerian fintech and lending startup Lidya announced the completion of its $8.3 million pre-Series B funding round. Alitheia Capital led the investment through its uMunthu Fund.
Marketforce, the Kenyan-based B2B platform for retail distribution of consumer goods and digital financial services in Africa, announced the appointment of Ore Omolaja as the Nigeria Country Manager and Head of Business, effective 15th July 2021.
MarketForce, the Kenyan-based B2B platform for retail distribution of consumer goods and digital financial services in Africa, announced a $2 million pre-Series A round, bringing total funding to-date to $2.5 million.
Banque Misr signed a Memorandum of Understanding (MoU), with Microsoft Egypt to launch the first open innovation program in the Egyptian market, enabling a spurt in fintech startup growth.
Connected asset financing platform M-KOPA, has officially expanded to Nigeria. To lead the Nigeria team, M-KOPA has named Babajide Duroshola as the new General Manager.
Call of Duty League plans to begin rolling out ActivStat during the 2021 season which the initial rollout will include critical information like player and team standings and winning ratios across multiple aspects of virtual combat—including ultimately what these numbers mean for rankings.
AfDB scoping study identifies opportunities for private sector participation in Africa’s climate agenda
A recently published African Development Bank scoping study on implementing NDCs in Africa recommends that development financial institutions and other investors focus on high-impact, high-growth potential start-ups that can drive climate-related innovation.
KQ has launched the Fahari Innovation Hub, a centre for innovation that acts as a springboard for new ideas and data-driven innovations to accelerate impact-driven solutions that address some of the societal and business challenges.
[Africa Tech Review] Duncan Mochama: Sub-Saharan Africa to reach 70 million 5G subscriptions by 2026
Data from the latest Ericsson Mobility Report, released this week now shows Sub-Saharan Africa to reach 70 million 5G subscriptions by 2026.
After having opened CV Labs in Zug, Vaduz (Liechtenstein) and Dubai,Crypto Valley Venture Capital (CV VC) is now opening its first office on the African continent in Cape Town.
The Hague Institute for Innovation of Law (HiiL) kicked off its annual global Innovating Justice Challenge in search of the region’s best justice-related social entrepreneurs in March this year.
IFC’s TechEmerge partners with logistics startup Kobo360 to pilot sustainable cooling innovations in Nigeria
Eleven global innovators have been selected to partner with 15 leading Nigerian companies to pilot cost-effective, climate-smart technologies to strengthen the country's temperature-controlled logistics supply chain.
Powered by improvements in digital infrastructure, Kenya’s growing start-up scene continues to fuel innovation, entrepreneurship, and investment
The Green Climate Fund (GCF) is delighted to partner with the African Development Bank to support this timely and critical program for decentralized renewable energy across these six African countries
Mapping Africa’s startup landscape between 2014 and 2020, the report provides data and analysis on venture capital (VC) deal activity in Africa in 2020 along with information about the types of investors that have participated in those deals. The report also includes case studies covering prominent investments across Central, East and North Africa.
The debt and equity raise for challenger fintech, Zeepay, head-quartered in Ghana, follows a $20 million equity and debt capital raise for Tugende, an East African technology-enabled asset financing business.
Nigerian fintech startup TeamApt has closed its Series B fundraising round, as it looks to expand its financial services beyond Nigeria.
The KPMG Private Enterprise Global Tech Innovator Africa competition came to a close this week and saw South African fintech startup Ukheshe, take second place.
ICT and Agriculture are the leading host sectors for Micro, Small and Medium-sized Enterprises (MSMEs) in Kenya, the 2021 MSMEs Survey Report shows.
Working in partnership with Google.org and Google’s University Relations program, Google is sharing 30 new projects that will receive funding and support as part of their AI for Social Good program including those from Sub-Saharan Africa countries.
Green Gold Farms is tackling the problems of poverty, lack of economic opportunity, and malnutrition and related illnesses in Northern Ghana through large-scale agricultural production.
The Kenya Private Sector Alliance (KEPSA), and Zydii Limited have announced a partnership to provide free digital training to Micro, Small and Medium Enterprises (MSMEs).
Africa’s data centre market is poised for massive growth this year as internet penetration rates rise and the continent begins to play catch-up with other regions.
With this funding, the company is launching ‘SentinelX’, a digital health membership that champions preventive, personalized, and continuous care using proprietary technology.
The Agribusiness Deal Room is a match making platform at the annual AGRF Summit that convenes different stakeholders to facilitate partnerships and investments in African agriculture.
Branded deliveries through Picup, a crowdsource delivery and tech company, is now possible. The innovative last mile delivery company has introduced a unique concept where its drivers become the face of any specific brand.
Ghanaian Fintech startup Zeepay, has announced the completion of a USD7.9 million Series A.0 funding. The funding is a hybrid of both equity and balance sheet funds to support its operations.
La Mauritanie et l'AfDB signent deux accords de don de plus de huit millions de dollars pour l’investissement
Le directeur général de la Banque Africaine de Développement pour l’Afrique du Nord et le ministre mauritanien des Affaires économiques et de la Promotion des secteurs productifs ont signé deux accords de don de plus de huit millions de dollars américains pour renforcer la dynamique de l’investissement, créer de nouveaux emplois et offrir de nouvelles perspectives aux jeunes
Endeavor, the global community of high-impact entrepreneurs, has announced it has appointed Heba Ali as its new Managing Director of Egypt.
[Africa Cloud Review] Simon Ngunjiri: Cloud is empowering African businesses with the certainty of a quicker time-to-value
With cloud-enabled intelligent enterprise capabilities, organisations can achieve the speed needed to stay ahead of competitors and other disruptors while maintaining the certainty of measured, data-driven decision-making.
The Government of Rwanda, through the Rwanda Development Board (RDB), has partnered with Tek Experts, a global provider of deep technical IT support services and professional services, to set up a technology support center in Rwanda.
Global inclusive tech accelerator Catalyst Fund, managed by BFA Global, today formally announced its Circle of Corporate Innovators, with its first members, Fidelity Bank, Ecobank, Sterling Bank, Access Bank and the VFD Group.
8,000 women and young Nigerians to benefit from RecyclePoints’ partnership with the Mastercard Foundation
RecyclePoints and the Mastercard Foundation announced a partnership to enable more than 8,000 women and young people to access work opportunities aimed at tackling the challenges associated with waste pollution and unemployment in underserved communities in Nigeria.
South Africa's crowdsource delivery tech startup Picup has introduced a premium service aimed at businesses that require drivers to represent their brand.
[Africa Tech Review] Duncan Mochama: MTN is investing $1.5 billion to expand broadband access across Nigeria
MTN announced plans to invest 640 billion naira, approximately US$1.5 billion, over the next three years to expand broadband access across the continent’s most populous country.
Ivory Coast transport startup Moja Ride partners with O-CITY for its next phase of growth in mobility innovation
Moja Ride, an Ivorian startup providing a reservation and cashless payment system for transport services in Abidjan, has partnered with O-CITY for its next phase of digital innovation and future expansion.
Three local startups have each received Ksh 1.25 million in cash awards from an innovation hub steered by the Insurance Regulatory Authority (IRA) in collaboration with Prudential Life Assurance Kenya Limited (Prudential)
[Kenya] Microsoft's Future Ni Digital Initiative aims to equip local MSMEs owners with digital skills
Future Ni Digital is a digital literacy, entrepreneurship, and career skills programme that seeks to equip over 50,000 owners of Micro Small Enterprises (MSEs) across Kenya with the relevant digital skills by the end of this year.
C. Moore Media International Public Relations (CMM), a New York-headquartered PR agency focusing on the US, UK, and African markets, announces the second edition of The Future is Female Mentorship Program.
Lydie Nyombayire Murorunkwere from Rwanda has over 15 years of successful business management experience providing strategic and operational leadership. She holds a Masters in Business Administration from Lyon, France and now is the Director of JurisTax Rwanda ltd, a company which specializes in Company Formation, Fund Administration and Investor Services, Provision of Professional Services and Financial Advice.
Lydie Nyombayire Murorunkwere du Rwanda a plus de 15 ans d'expérience réussie en gestion d'entreprise en fournissant un leadership stratégique et opérationnel. Elle est titulaire d'une maîtrise en administration des affaires de Lyon, en France, et est maintenant le PDG de JurisTax Rwanda ltd, une société spécialisée dans la création de sociétés, l'administration de fonds et les services aux investisseurs, la fourniture de services professionnels et de conseils financiers.
MarketForce acquires Digiduka startup to consolidate distribution of consumer goods with digital financial services in Africa
MarketForce, the end-to-end retail distribution platform for consumer brands in Africa, announced the strategic acquisition of Digiduka, a startup on a mission to bring informal retailers in Africa into the digital economy.
[Africa Tech Review] Duncan Mochama: Nigeria, Kenya and South Africa are top drivers of eCommerce volumes in Sub-Saharan Africa
[Africa Tech Review] Duncan Mochama: Nigeria, Kenya and South Africa are top drivers of eCommerce volumes in Sub-Saharan Africa
Gabeya, the Pan-African source for freelance professional talent, has expanded its revamped marketplace, the first of its kind in terms of reach in Africa.
UK-based, MENA focused, startup BASMA.com closed $3 million Series A funding led by MEVP with the participation of SOSF, IM capital and returning investors iSME, Cedar Mundi Ventures and IFA capital, to scale up its healthtech platform in the MENA region.
Andrew Thomas is joining ASAFO & CO. London along with Winston Bell-Gam from Holman Fenwick Willan (HFW) with practice focuses on project finance with a particular emphasis on the power, pipeline, infrastructure, healthcare and transportation sectors.
Helium Health, the largest Electronic Medical Records (EMR) and Hospital Management Information (HMI) Systems provider in West Africa has announced the launch of its full suite of products and services in Kenya.
Facebook is partnering with leaders from the technology, healthcare, global development and academic sectors to establish the Alliance for Advancing Health Online.
[Africa Tech Review] Duncan Mochama: Governments are helping advance the digital economy and drive economic transformation
In Kenya, the government in partnership with the private sector also this week unveiled a new initiative aimed at equipping small business owners with digital skills.
[South Africa] Wuri Ventures and Capria Ventures invest $1.5 million in mobility data startup WhereIsMyTransport
Pan-African VC fund Wuri Ventures and leading global investment firm, Capria Ventures, have announced a new investment in South Africa's mobility data start-up WhereIsMyTransport.
On-demand delivery startup Glovo has opened its first African Micro-Fulfillment Center in Nairobi. The center is located at AEA Plaza on Valley Road
IFC launched a new advisory program aimed at making it easier for startups in Algeria, Libya, Morocco and Tunisia, expand their operations across North Africa.
On-demand transportation platform Bolt, has introduced electric tuk tuks, and e-bicycles on its platform as the company expands its greener transport options in Kenya in the food category.
Technology startup Amitruck and waste management solutions provider Sanergy have announced a partnership to tackle waste management in Nairobi, Kenya.
The Moroccan Digital Development Agency and GrowIN Portugal launch initiative to support startups internationalization
The Moroccan Digital Development Agency (ADD) and GrowIN Portugal have launched an initiative to support Moroccan and Portuguese startups internationalization by signing a strategic agreement.
The African Development Bank Group has approved a $1 million grant to boost local content and development of Small and Medium-Size Enterprise (SME) initiatives in the southern African nation of Mozambique.
A natural partner for the Trade Hub, Thrive Agric has already helped over 140,000 farmers in Nigeria increase their capacities to meet supply, quality, and food safety standards required by domestic and export markets.
[Kenya] Industrialization Ministry launches Startup Savanna, a business acceleration programme for early-stage startups
The Kenyan Ministry of Industrialization has launched Startup Savanna, an international business acceleration programme that will link Kenyan startups to global angel investor and business support resource networks.
[Africa Tech Review] Duncan Mochama: Africa has very few support systems for aspiring local investors
This week, Dream VC, a Remote Venture Capital Upskilling Institute launched a new fellowship program dedicated to providing more access and opportunities to traditionally underrepresented individuals in the African venture capital space.
The Federal Development Ministry (BMZ) has expanded its developPPP Ventures programme in Kenya to support local startups.
Ian Lessem, Managing Partner at HAVAÍC, investors in early-stage, high-growth technology businesses, considers the trends making an impact on the African Venture Capital (VC) landscape.
Lori Systems, Africa's e-logistics platform has announced the appointment of Uche Ogboi as its new Chief Executive Officer.
Venture capital funding for African startups to reach $2.8 billion in 2021, a record high for the continent
African tech accelerator AfricArena recently released a new report using Partech data which has forecast that venture capital funding for African startups will amount to between $2.25 billion and $2.8 billion this year, a record high for the continent.
Professor Silas Lwakabamba has been appointed to chair Coventry University's new Africa hub, an exciting journey to be part of an institution with great potential to make a difference for the African economies.
Victoria Epelle a fondé Market Forward il y a environ un an et la société a exécuté des projets à la fois locaux et internationaux et se fait un nom dans le domaine du conseil et de la gestion de projet.
The Agri-Digital Startup Competition aims to enhance and support the digital agriculture ecosystem in Egypt to empower existing and potential entrepreneurs, particularly youth and women.
Victoria Epelle founded Market Forward about a year ago and the company has executed projects both local and international and is making a name for itself in the field of Consulting and Project Management.
[South Africa] Founders Factory Africa partners with Small Foundation to champion digitization of agriculture
FFA and Small Foundation will support over 18 agtech startups from across sub-Saharan Africa with their ideas and ventures to address challenges across the entire agricultural value chain.
Dream VC, a Remote Venture Capital Upskilling Institute, has launched a new fellowship program dedicated to providing more access and opportunities to traditionally underrepresented individuals in the African venture capital space.
Small businesses around the world that help provide healthy food that is good for the environment. By being selected as one of the 50 winners, you will be receive worldwide media attention as we spotlight your business.
South Africa and US-based biotech startup LifeQ secured $47 million in Series A funding from One Bio Venture Studio, a Cape Town-based VC and several other investors.
Africa’s e-commerce market could grow by more than $14.5 billion between 2025-2030. This is according to an IFC report published this week.
Kenyan fintech firm Kwara is among the twenty startups, with eleven from Africa, selected to join the Norrsken Impact Accelerator.
On-demand transport platform Bolt has revised its prices across all cities in Kenya in response to the increased cost of fuel in the country.
Fintech firm Flutterwave has partnered with Ethiopia’s mobile Digital Wallet platform, Amole, to facilitate money transfer into Ethiopia
Starsight Energy, the leading African Commercial and Industrial solar power provider, is delighted to announce the completion of a 950kW solar system for the Big Bottling Company plant in Ogun State, Nigeria.
Safaricom Foundation has set aside KES 100 million for its Ndoto Zetu initiative which calls upon Kenyans to partner with the Foundation which will focus on the implementation of community projects in health, education and economic empowerment
African private equity fund manager Ascent announced the first rolling close of its Ascent Rift Valley Fund II (ARVF II) at more than USD 100 million, significantly exceeding its initial target of USD 80 million.
Lagos Marriott Hotel Ikeja brings sophisticated spaces, enriching experiences and thoughtful service to the vibrant Nigerian city of Lagos.
Kenyan fintech firm Asilimia among 14 startups selected for Catapult: Inclusion Africa 2021 fintech bootcamp
Asilimia, a Kenyan fintech is among the 14 Fintech start-ups selected to take part in the 2021 edition of CATAPULT: Inclusion Africa fintech bootcamp.
[Africa Tech Review] Duncan Mochama: Africa is banking on digital payments innovation to create digital economies.
Every single day, hundreds of millions of payment transactions are completed across Africa via cards, mobile money, and digital payments. The continent is banking on digital payments innovation to create digital economies.
Norwegian-based accelerator Pangea has unveiled a scale-up program offering private funding of up to $3 million and business support to enable locally funded startups to accelerate their enterprises to the next level.
After its launch in September last year, venture builder Satgana has announced its first portfolio startup from Nairobi, Kenya, Mazi Mobility, to address the issues faced by the public transport industry in the Global South by electrifying the motorcycle industry.
[South Africa] AlphaCode announces four startups taking part in the second phase of the AlphaCode Incubate programme
AlphaCode has announced the four fintech startups that will be part of the second phase of the AlphaCode Incubate programme.
South African fintech startup Ukheshe Technologies has announced that it will be expanding its footprint into the Asia-Pacific region as it introduces innovative digital-first payment solutions.
Kenya-based e-commerce firm BeautyClick has announced its exclusive distribution partnership with Italian cosmetic brand NOUBA to further establishing its fundamental approach to beauty to Kenya and the East Africa region.