The Africa Online Safety Fund (AOSF) has announced the winners of this year’s grants, with between US$10,000 and US$50,000 given to 22 organisations from seven African countries. Disrupt Africa reported earlier this year South African social impact advisory firm Impact Amplifier had secured a second round of funding from Google.org to launch the second phase [...] Read more ›
2
The Ivory Coast-based StarNews Mobile, Africa’s leading mobile video network, has secured US$3 million in funding from investors that include three French professional footballers. Launched in July 2017, StarNews Mobile targets the mass market with a network of over 50 mobile channels offering celebrity-based content priced at low daily subscription rates. The startup deployed in [...] Read more ›
3
The Kigali-based Norrsken22 has closed its first African technology growth fund at US$205 million, surpassing its target of US$200 million. Founded by Niklas Adalberth, one of the founders of Swedish fintech unicorn Klarna, in 2016, Norrsken aims to help entrepreneurs solve the world’s greatest challenges. Its ecosystem consists of Norrsken House, a co-working space for [...] Read more ›
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Pan-African VC firm Novastar Ventures has secured US$80 million in capital from Japan’s SBI Holdings. With offices in Nairobi and Lagos, Novastar is one of the largest platforms dedicated to financing early and growth stage businesses in Africa. The firm backs startups that address proven demand for basic goods and services with innovative business models. [...] Read more ›
3
MNT-Halan, Egypt’s first unicorn and fastest-growing fintech startup, has raised a US$130 million securitisation, one of five tranches of securitised bond issuances this year that have so far banked it over US$400 million. Founded in 2018, MNT-Halan was created to digitally bank the unbanked and substitute cash with electronic solutions. The MNT-Halan digital ecosystem includes [...] Read more ›
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GOGLA is excited to launch the call for applications for the 2nd cohort of ELEVATE, an investor readiness programme that complements the GET.invest Finance Readiness Support, a service of GET.invest, a European programme that mobilises investments in renewable energy supported by the European Union, Germany, Sweden, the Netherlands, and Austria. ELEVATE aims to support active [...] Read more ›
0
South African insurtech startup Inclusivity Solutions has raised a US$1.5 million Series A extension round to support its pan-African expansion plans. Launched in 2015, Inclusivity Solutions designs, builds and operates inclusive, embedded digital insurance solutions and delivers them through digital channels in partnership with mobile operators, insurance companies and other distribution partners to deliver simple [...] Read more ›
0
Nigerian solar-based internet service provider Tizeti has secured long-term debt financing to roll out its state-of-the art broadband network across 15 states in the West African country. The Lagos-based Tizeti is a wireless internet service provider delivering high-speed unlimited Wi-Fi internet access to residential and business customers using wide-area Wi-Fi. Its services are available nationwide, [...] Read more ›
0
Ghanaian startup Hurupay is helping businesses and individuals across Africa overcome the negative impacts of fluctuating local currencies by allowing them to make and receive stablecoin-based payments. Formed earlier this year, Hurupay is a crypto wallet that enables users to access stablecoins, which are non-volatile cryptocurrencies pegged to the value of the US dollar at [...] Read more ›
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GOGLA is excited to launch the call for applications for the 2nd cohort of ELEVATE, an investor readiness programme that complements the GET.invest Finance Readiness Support, a service of GET.invest, a European programme that mobilises investments in renewable energy supported by the European Union, Germany, Sweden, the Netherlands, and Austria. ELEVATE aims to support active [...] Read more ›
0
ELEVATE is an investment readiness programme under the GET.invest Finance Readiness Support. GET.invest is a European programme that mobilises investment in renewable energy, supported by the European Union, Germany, Sweden, the Netherlands, and Austria. Our goal is to enhance investment readiness for active locally-owned and managed companies in the off-grid solar sector in Africa by [...] Read more ›
0
Tunisian fintech startup My Easy Transfer, which facilitates secure diaspora funds transfers, has raised EUR400,000 (US$$420,000) funding to help speed its growth and expand its offering. Founded by brothers Ismaïl and Jabrane Khenissi in March 2022, My Easy Transfer is a remittances platform bridging Europe and Tunisia that has so far reached 10,000 customers. The [...] Read more ›
0
Kenyan startup INNO-Neat Energy Solutions has developed a solar-powered water filter that removes contaminants such as bacteria, viruses, and heavy metals, making water safe for consumption. Founded in 2022, INNO-NEAT Energy Solutions was established with a core focus on addressing the critical issue of lack of access to safe and clean water in low-income off-grid [...] Read more ›
0
Nigeria-based commodities platform AFEX has raised US$26.5 million in funding from British International Investment (BII), the UK’s development finance institution (DFI) and impact investor. The Abuja-based AFEX is a platform business that enables efficient trade for commodities in Africa. Operating through three business units, AFEX addresses the challenges faced by smallholder farmers, providing better access [...] Read more ›
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Nigerian biotech startup Syndicate Bio has announced a strategic partnership with the National Institute for Cancer Research and Treatment (NICRAT) to initiate the Cancer Genome Nigeria project, a study aimed at bridging cancer disparity gaps by studying the most prevalent cancers across Nigeria’s six geopolitical zones and more than 300 ethnolinguistic groups. Launched in September [...] Read more ›
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Nigerian startup Tramatch has launched a marriage matchmaking app for people of all religions, aiming to redefine the way individuals forge genuine connections in the digital age. Founded earlier this year by Ani Okono, Elijah Bassey, and Uduak Etim, and now available in public beta, Tramatch describes itself as “not just another dating app”, but [...] Read more ›
3
South African startup SpekTech is utilising technologies such as e-commerce, artificial intelligence (AI) and remote sensing to help scale land restoration and climate impact initiatives. Founded by Ephraim Moss and Michalya Schonwald Moss in 2022, SpekTech wants to do its bit to address the climate crisis from Africa, and overcome challenges such as funding gaps, [...] Read more ›
5
Kenya’s Maisha Meds, a leading digital health organisation in Africa, has received US$5.25 million in scale-up stage 3 funding from the United States Agency for International Development (USAID) Development Innovation Ventures (DIV). Maisha Meds is a software platform for ensuring that rural pharmacists and clinicians effectively purchase quality affordable medicines and pass on subsidies to [...] Read more ›
0
BluePeak Private Capital, an alternative asset manager firm supporting the growth of scalable businesses in Africa through privately-negotiated and structured debt-like instruments, has reached a final close of US$156 million for its inaugural private capital fund, BluePeak Private Capital Fund SCSp. With a presence in Tunis, Nairobi, and London, BluePeak Private Capital is an alternative [...] Read more ›
2
Venture capital funding has declined significantly across the world in 2023, and though there were initial hopes that the nascency of the African tech ecosystem might mean it avoided too much damage, the growing size of the continent’s “startup graveyard” suggests that is not the case. Venture capital funding globally almost halved in the first [...] Read more ›
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Most popular sources
Business Insider
|
24% 7 |
The Verge
|
10% 3 |
Tom's Hardware
|
8% 6 |
Tech Wire Asia
|
8% 1 |
Android Authority
|
7% 4 |
| View sources » | |
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27.11.2024 12:32
Last update: 12:26 EDT.
News rating updated: 19:22.
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