Middle Eastern accelerator Changelabs has opened applications to its Scale Up To Green programme, targeting Egyptian resource efficiency, green energy, and agri-tech companies. Changelabs is launching the programme in partnership with the Green for Growth Fund (GGF), which is an investment fund supported by the likes of IMF and Deutsche Bank, and also counts the [...] Read more ›
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Kenyan e-health startup TIBU, a digital platform that decentralises primary outpatient care to bring it directly to patients, has raised a seed funding round to help it scale its operations. Conceived in 2016, built in 2019, and launched to the public in early 2020, TIBU is an on-demand platform that connects people to healthcare workers [...] Read more ›
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Two African tech startups – Nigeria’s Ladda and Tunisia’s Fulfilment Bridge – have been selected to take part in the grand final of the global Seedstars World competition, giving them the chance to secure US$500,000 in equity investment. The annual Seedstars World competition, which is taking place virtually for this cycle, received over 5,000 applicants [...] Read more ›
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Johannesburg-based venture development and investment company Founders Factory Africa has partnered Small Foundation to provide a platform that will design, build and scale over 18 agri-tech startups on the continent. Founders Factory, which originally launched in London in 2015 and has already built more than 70 startups, launched African operations in Johannesburg in 2018, from [...] Read more ›
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Nigeria-based credit-led neobank FairMoney, which aims to give underbanked people access to digital financial services, is pursuing an emerging markets strategy and recently launched in India. Founded by Laurin Hainy, Nico Berthozat and Matthieu Gendreau, FairMoney is using loans as a launching pad for its future bank accounts. Its artificial intelligence (AI)-based platform disburses loans [...] Read more ›
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CATAPULT: Inclusion Africa is a series of Fintech for Financial Inclusion development programmes produced by the LHoFT Foundation. Catapult has been developed in collaboration with the Ministry of Foreign and European Affairs’ Directorate for Development Cooperation and Humanitarian Affairs, and is supported by key strategic partners. The programme will take place from May 19th to [...] Read more ›
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Malian insurtech startup OKO, which aims to provide smallholder farmers with financial security, has raises US$1.2 million in seed funding for expansion into more African countries. Founded in 2017, OKO develops affordable mobile-based crop insurance products for smallholder farmers. Accessible to anyone with a phone, claim payments on OKO are automated using satellite data and [...] Read more ›
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Kenya Ecobodaa, which is working to roll out electric motorbike taxis, has raised a round of funding from Persistent Energy Capital to help it grow. Founded in 2020 by Kim Chepkoit and Steve Juma, Ecobodaa aims to provide more affordable, safer, connected and environmentally-friendly means of transportation for commuters in African cities, and works on [...] Read more ›
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The US Agency for International Development (USAID) has launched the USAID/Nigeria COVID-19 Food Security Challenge, which will offer US$3 million in funding and technical assistance to Nigerian companies mitigating the impact of COVID-19 on Nigeria’s agri-food systems. Nigeria is presently confronted with a food security crisis that is deepened by COVID-19 global pandemic and its [...] Read more ›
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The “unicorn” status secured by Nigerian payments startup Flutterwave after a US$170 million funding round raised in March can be attributed to the company’s pan-African focus, great team, and excellent execution, according to its chief commercial officer (CCO). Launched in 2016, Flutterwave builds modern payments technology and infrastructure for Africa to enable people and businesses [...] Read more ›
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Nigerian fintech startup Okra has secured a US$3.5 million seed funding round in order to expand its data infrastructure across the country. Launched last year by Fara Ashiru Jituboh and David Peterside, Okra is an Open Finance platform that enables businesses and developers to build personalised digital services and financial products for customers. Its API [...] Read more ›
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Africa-focused venture capital (VC) firm Atlantica Ventures is raising a US$50 million fund that will invest in tech and tech-enabled businesses from seed stage onwards. Founded in 2019 by Aniko Szigetvari and Ik Kanu, who have previously worked for the likes of IFC, Helios and Convergence and have extensive angel investing experience, Atlantica Ventures counts [...] Read more ›
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Suitera, a semiconductor startup aiming to provide tools for the design of next generation integrated circuits, has become the second company spinoff company from the American University in Cairo (AUC), going it alone with US$230,000 in funding. Founded in 2020 by Yehea Ismail, professor of electronics and communication engineering at AUC, alongside Magdy Abadir and [...] Read more ›
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Eight Egyptian startups have been selected to take part in the Flat6Labs Cairo accelerator, which provides companies with access to funding, mentorship and other benefits. Launched in 2011 as the first office of the Flat6Labs MENA regional startup accelerator, the Flat6Labs Cairo programme provides startups with cash funding of between EGP500,000 (US$31,000) and EGP750,000 (US$46,000) [...] Read more ›
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Africa-focused venture capital (VC) firm Atlantica Ventures has raised a US$50 million fund that will invest in tech and tech-enabled businesses from seed stage onwards. Founded in 2019 by Aniko Szigetvari and Ik Kanu, who have previously worked for the likes of IFC, Helios and Convergence and have extensive angel investing experience, Atlantica Ventures counts [...] Read more ›
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ITC #FastTrackTech Challenge at VivaTech: Apply before April 30! Innovative Solutions for Affordable and Reliable Internet in Africa. Are you a formally registered African digital startup tackling the issue of affordable and reliable internet connectivity with an innovative solution? Then the ITC #FastTrackTech challenge is for you! Apply here: https://challenges.vivatechnology.com/en/challenges/international-trade-centre Despite a growing broadband coverage [...] Read more ›
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Egyptian e-commerce platform Kemitt has raised a six-figure US dollar seed funding round to expand its team and operations, develop its technology, and expand to Saudi Arabia. Founded in 2017, Kemitt is a marketplace that connects product and furniture designers with consumers, handling the manufacturing, overheads, and last-mile logistics. The online platform allows customers to [...] Read more ›
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Twenty-two Ghanaian startups have been selected for the second cohort of the UNICEF StartUp Lab, a co-creation space and incubator that helps startups develop innovative, open-source, market-driven products and solutions to complex problems impacting the well-being of children and young people, especially the most vulnerable. Over 200 applications were received from across Ghana for the [...] Read more ›
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Ian Lessem grew up in a family of entrepreneurs, and also built a few “small side hustles” during his student days while finishing up his Business Science studies at the University of Cape Town (UCT). Instead of following in his older sibling’s footsteps and jumping headfirst into entrepreneurship, however, Lessem opted to rather go into [...] Read more ›
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Appetito, a Cairo-based grocery delivery startup, has raised a US$450,000 seed funding round to help it expand across Egypt and beyond. Formed in March 2020, Appetito operates through a “dark stores” model, where products are sourced from manufacturers, stored in mini fulfilment centres, and then delivered to household customers. The company started with a wide [...] Read more ›
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12.03.2026 02:28
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