[Africa Tech Review] Duncan Mochama: Adanian Labs opens applications for its 2021 venture building program
25-11-2021 13:53:00 | by: Nixon Kanali | hits: 1550 | Tags:

This has been quite an interesting week in tech, especially for African startups. Kenyan fintech Exinity, launched Exinity Trader in Kenya, a trading platform, brings access to opportunities in equity, forex, and commodity markets with the promise of low trading costs and great customer support.  Adanian Labs, a Pan African smart technologies venture studio with a mission to build 300 impact-driven startups across Africa opened applications for its 2022 Venture Building Program. Africa’s business accelerator GrowthAfrica kicked off a circular economy focused accelerator programme targeting innovative ventures across Kenya, Uganda, and Ethiopia.

Asilimia, a Kenyan-based fintech startup secured $2 million to grow its team, deliver new services and expand into new markets in East Africa. Still, in Kenya, gaming startup unveiled an amateur football mobile game to promote outdoor physical activities and encourage sportsmanship among youths in East Africa.In a bid to digitize the public transportation system and provide safer, reliable and comfortable commute options across Africa, Toronto-based shared mobility company Treepz, this week announced its acquisition of a similar Ugandan bus company Ugabus. In Rwanda,agriculture startup AflaSight, partners launch innovative projects to improve maize quality in Rwanda while in South Africa, fintech startup Ozow raised a US$48 million Series B funding round led by Chinese internet giant Tencent.  Adanian Labs, a Pan African smart technologies venture studio with a mission to build 300 impact-driven startups across Africa also opened applications for its 2022 Venture Building Program. DriveWealth announced a new collaboration with African fintech startup Chipper Cash to introduce US equities in UgandaAfrican fintech startup ImaliPay partnered with Cellulant to drive gig workers' financial inclusion

Africa-based cryptocurrency exchange Busha raised $4.2 million seed round led by Jump Capital. Cadenza Ventures, Blockwall Capital, CMT Digital, Greenhouse Capital, Raba Capital, and other investors also participated in the financing round.

This week, TerraPay, a global payments infrastructure company, announced its association with MTN Mobile Money Uganda Limited, a telecom operator in Uganda and part of the MTN Group. SYSPRO, a global enterprise resource planning software provider and the Institute of Certified Public Accountants of Kenya (ICPAK) released a new report revealing that manufacturers in Kenya are yet to record their returns on digital investments according to a survey released by.

Audio streaming platform Spotify this week also unveiled its self-serve ad platform, Ad Studio, lin Nigeria, Ghana, Kenya, Tanzania and Uganda, making this innovative advertising medium available to even more artists around the globe. Liquid Intelligent Technologies South Africa announced that it has achieved B-BBEE Level 1 status. Still in South Africa, Africa Data Centres announced that it is expanding its capacity in Johannesburg to 100MW of IT load

In Egypy, Telecom Egypt deployed Ciena’s WaveLogic 5 Extreme coherent optical technology to maximize capacity along the Mediterranean segment of Telecom Egypt’s Middle East North Africa (MENA) submarine cable system and Egypt’s mesh network. 

Amazon Web Services this week announced four initiatives to empower learners and make it even easier for anyone with a desire to learn to access free cloud computing skills training and unlock new career possibilities in the cloud. 

Other top stories of the week include Bark Technologies announcing its inaugural international expansion with the launch of its monitoring service and parental control tools in South Africa and FAO developing Lesotho’s first electronic farmer registry.

Duncan Mochama is the solutions consultant at  Incentro Africa.