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.
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.