East African venture advisory firm Kinyungu Ventures has published a white paper detailing what it says is a “misalignment” between traditional venture capital models and the African market. The white paper, entitled “Chasing Outliers: Why Context Matters for Early Stage Investing in Africa”, finds there are “multiple mismatches” between key characteristics of Silicon Valley venture [...] Read more ›
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Nigerian clean-tech startup Scrapays is fusing recycling, technology and finance to help businesses and households sell off their recyclable waste in a convenient manner and at premium prices. Launched in 2019 by Tope Sulaimon, Boluwatife Arewa and Olumide Ogunleye as recycling service InCycle, Scrapays assumed its current identify while participating in the Founder Institute accelerator [...] Read more ›
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Nigerian ed-tech startup uLesson, launched by Konga founder Sim Shagaya, has raised a US$7.5 million Series A funding round as it prepares to expand across Africa. Founded in 2019 by serial entrepreneur Shagaya, uLesson curates personalised, curriculum-relevant content via mobile and PC devices for students in the K-7 to K-12 segment. Students access the lessons [...] Read more ›
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An energy entrepreneur that has become an investor – talk about paying it forward. That is the path Angela Homsi has taken. The co-founder of Ignite, which develops, operates and finances safe clean energy-based solutions across Africa, she is also managing partner of Angaza Capital, part of the Ignite Group. “We were entrepreneurs in the [...] Read more ›
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Nigerian startup Rimotli Technologies has launched Avocat, an app that aims to make legal services more accessible to all Nigerians. Avocat, which will also soon be available via a web platform, aims to simplify and demystify access to lawyers and legal services, and ensure Nigerians can protect their human rights by always having legal aid [...] Read more ›
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African startups have been invited to apply for the third edition of the Making More Health Co-Creation Accelerator, which helps entrepreneurs design and test innovations in the healthcare space. Ashoka, a network of social entrepreneurs, and pharmaceutical company Boehringer Ingelheim, joined forces to launch the Making More Health (MMH) initiative in 2011. MMH brings together [...] Read more ›
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An energy entrepreneur that has become an investor – talk about paying it forward. That is the path Angela Homsi has taken. The co-founder of Ignite, which develops, operates and finances safe clean energy-based solutions across Africa, she is also managing partner of Angaza Capital, part of the Ignite Group. “We were entrepreneurs in the [...] Read more ›
2
Tanzanian fintech startup NALA is launching a new money transfer app in the United Kingdom (UK) early this year, aimed at servicing the needs of the East African diaspora in the country. A past winner of the Ecobank Fintech Challenge and Seedstars Tanzania, NALA had previously developed a mobile money app for Africa that grew [...] Read more ›
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Somali accelerator and investor Innovate Ventures has opened applications for its Women in Business Accelerator, which will culminate with four startups receiving investment of up to US$20,000 each. The Women in Business Accelerator is a four-week programme that offers essential business skills training and funds to female-owned startups in Somaliland. Selected startups will receive intensive [...] Read more ›
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South African startup MatchKit, co-founded by a Rugby World Cup winner, has developed a platform that helps athletes make money, regardless of the status of sporting events in the COVID-19 era. Founded in 2020, MatchKit is a DIY website builder that enables athletes or their agents to showcase their sporting pedigree and sponsors, with sites [...] Read more ›
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Nigerian startup Afriktrip has launched an online marketplace to help travellers and locals discover and book unique tours and activities in African countries, offered by independent companies and local tour guides. Founded in February 2020 and launched publicly in November, Afriktrip provides travellers with a seamless and instant booking process, helping them save money with [...] Read more ›
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Nine Nigerian energy startups will access US$100,000 easy in blended financing after being named finalists of the 2020 Nigeria Off-Grid Energy Challenge. The challenge is run each year by US African Development Foundation (USADF) and All On as part of a multi-year partnership that identifies and helps scale innovative off-grid solutions to “power up” unserved [...] Read more ›
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Egyptian startup Opio, a direct to consumer everyday women’s wear brand, has raised US$300,000 in seed funding to expand its operations. Launched in 2017 by Shady Mokhtar and Reem Abdellaftif, Opio started life as a digital native vertical, capitalising on the long-abandoned Egyptian apparel industry and the surge in online shopping demand. The platform commissions [...] Read more ›
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Nigerian fintech startup TeamApt has announced it will be shifting its focus from delivering financial services products to banks to delivering products for consumers and businesses, as it aims to build on a strong performance in 2020. The Lagos-based fintech company is also exploring opportunities to deliver financial services for underserved individuals and businesses in [...] Read more ›
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Kenyan startup Play Zuri Health has launched its mobile app, Zuri Health, which aims to provide certified, affordable and accessible healthcare solutions via mobile. Zuri Health allows users to book appointments instantly with any medical professional or hospital within their region, book laboratory tests, talk to practitioners via message or video, and request for home [...] Read more ›
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Ghana-based fintech startup OZÉ, which is focused on helping small businesses grow by digitising their operations and providing them with access to affordable capital, has closed a US$700,000 seed round to grow its team and expand to Nigeria. Launched in beta in 2018, OZÉ is a mobile app that helps small businesses record their sales, [...] Read more ›
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Nigerian company Daystar Power, provider of hybrid solar power solutions to businesses, has announced a Series B investment of US$38 million to help it deepen its presence in various West African markets. Founded in 2017, Daystar Power is an off-grid power service provider whose solutions, “Solar-as-a-Service” and “Power-as-a-Service” provide clean and reliable power while significantly [...] Read more ›
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Egyptian startup CreditGO has launched a B2B payment aggregator and merchant wallet for small businesses, enabling unbanked merchants to sell electronic services such as airtime and allow customers to pay bills. Formed in January 2020 but only launched to the public in June, CreditGO allows merchants to overcome the challenges posed by high acquisition costs [...] Read more ›
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Nigerian startup VerifyMe, which offers customers such as banks and retailers access to trusted KYC data via API and portal, is expanding into new markets after raising Series A funding a year ago. But it has its roots in a robbery. In 2011, Olutunji Oluwole hired a cook, who poisoned him and his entire family, [...] Read more ›
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Malian fintech startup OKO Finance has distributed XOF38 million (US$70,000) in payouts to farmers affected by floods through its new insurance service. Founded in 2017, OKO develops affordable mobile-based crop insurance products to provide smallholder farmers with the financial security they need, regardless of unstable climate trends. “We use the latest satellite observations to develop [...] Read more ›
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Business Insider
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22% 4 |
Tom's Hardware
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15% 3 |
Gizmodo
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9% 3 |
Vox
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8% 7 |
Slashdot
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6% 2 |
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24.12.2025 05:20
Last update: 05:15 EDT.
News rating updated: 12:14.
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