Nigerian mobility startup MAX.ng has secured NGN400 million (US$1 million) in capital under a first-of-its-kind securitisation of vehicle lease receivables under a Private Company Bond programme it hopes will eventually bank it NGN10 billion (US$22 million). Founded in 2015, MAX.ng is a mobility platform that connects users to vetted professional motorcycle-taxi drivers via a mobile [...] Read more ›
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South African ed-tech startup Disrupt Tutoring has launched its platform that provides free, personalised tutoring to anyone with the burning desire to learn or teach. Public from this month having been formed in April, Disrupt Tutoring has built a growing library of tutorial videos, which users can assess freely via no sign-ups and no subscriptions. [...] Read more ›
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Kenyan digital addressing startup OkHi and Nigerian multi-merchant rewards platform ThankUCash have been accepted into the Hong Kong-based Betatron accelerator, securing access to mentorship and funding. ​Founded in 2016, Betatron is an investment firm that runs an annual four-month accelerator programme to help companies expand their operations into Asia and secure funding. The programme provides [...] Read more ›
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Kenya is in the process of adopting startup-specific legislation for the first time after the gazetting of “The Startup Bill, 2020”, but how does the process work, and what impact will the Act, once passed, have on the local startup ecosystem? Disrupt Africa dug into the details. The first specific startup law globally was passed [...] Read more ›
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Senegalese fintech startup PayDunya has established a presence in Ivory Coast and Benin, and plans to expand into Mali, Burkina Faso and other Francophone African countries by the end of the year. Launched in November 2015, PayDunya is an easy-to-use universal multi-channel payment gateway and solutions provider, offering a single API for e-businesses anywhere in [...] Read more ›
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The Tanzania Startup Association has launched, bringing into existence an umbrella organisation to help promote the interests of the local ecosystem. Formed by various stakeholders within the startup ecosystem in Tanzania, including early-stage businesses, innovation hubs, social enterprises, and venture capital and private equity firms, the association has been launched in a bid to promote [...] Read more ›
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Eleven Kenyan agri-businesses tackling food security have been selected for the FoodTech Africa Accelerator programme, giving them access to training, mentorship and the chance to secure up to US$100,000 in funding. Aimed at addressing food security through fostering innovation, FoodTech Africa is a project commissioned by GIZ Make-IT in Africa and implemented by @iBizAfrica and [...] Read more ›
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South African startup Yellow, which enables low income, rural households in Malawi and Uganda to access electricity through solar home systems on a financed basis, plans to move into other verticals after raising a US$3.3 million Series A funding round. Founded in 2018 by Mike Heyink and Maya Stewart, Yellow is a digital retail business [...] Read more ›
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Kenyan startup OkHi, which has developed a digital addressing system for emerging markets, has a GBP1.4 million (US$1.78 million) funding round, supported by the London-based Angel Investment Network, to expand its team and grow operations in other African countries. Co-founded in 2014 by Timbo Drayson, who while at Google led the launch of Google Maps [...] Read more ›
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The Meltwater Entrepreneurial School of Technology (MEST) has invested a combined US$700,000 in seven tech startups formed by graduates from its entrepreneurial training programme. Launched in 2008, MEST is a pan-African training programme, seed fund and incubator for technology entrepreneurs in Africa, providing critical skills training in software development, business and communications. Headquartered in Accra, [...] Read more ›
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Nine East African startups have been selected to take part in the Africa Transformative Mobility Accelerator (ATMA), which provides mobility startups with mentorship, networking opportunities, and the chance to secure cash funding. Run by the Africa Mobility Initiative, the ATMA programme is aimed at supporting startups offering transformative, practical, well researched and tested solutions addressing [...] Read more ›
1
Egyptian fintech startup Kashier Payments has raised a seed round of funding to help it scale up its go-to-market strategy, grow its team, and introduce new products. Founded in 2017 by Khaled Raslan, Mohamed Hossam and Mohamed Mohsen, Kashier launched its online payment acceptance services last year, and entered into strategic partnerships with two of [...] Read more ›
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For years, we’ve been told that entrepreneurs are key to South Africa’s economic growth and job creation, writes Philani Sangweni, managing partner of South Africa-based, entrepreneur-led startup investment fund E4E Africa. If we had any hope of escaping quarter after quarter of sluggish growth (or recession), we were told, we needed to support and invest [...] Read more ›
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The founders of Kenya’s Apollo Agriculture and Nigeria’s 54gene have been accepted into the global Endeavor network, gaining access to various support services to help their companies scale. The Endeavor initiative works to catalyse long-term economic growth by selecting, mentoring, and accelerating the best high-impact entrepreneurs worldwide, and has accepted a host of African entrepreneurs [...] Read more ›
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Twenty finalists have been named for the tenth edition of the Anzisha Prize, which rewards young African entrepreneurs with a share of US$100,000 in grant funding. The Anzisha Prize, which is a partnership between African Leadership Academy and Mastercard Foundation, celebrates African entrepreneurs aged 22 years and younger, and has so far supported 122 entrepreneurs. [...] Read more ›
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Nigerian startup GatePass started life as a visitor management solution for residential communities, but has since widened its scope to help with all aspects of their management. Founded in 2017, GatePass is a mobile platform that connects estate managers with their residents on community-related issues. It all started after brothers Muyideen and Matin Dosumu decided [...] Read more ›
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The Uganda-based 97Fund, a US$1 million COVID-19 Relief Fund launched to invest in solutions targeting and addressing challenges caused by the pandemic and solutions that prepare Uganda for a post-COVID-19 environment, has announced its first investments. Disrupt Africa reported last month on the 97Fund, which is managed by Ortus Africa Capital in partnership with The [...] Read more ›
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South African fintech startup Lulalend has launched a new payments platform designed to radically improve the speed and ease with which SMMEs get paid by their customers. Founded in 2014 by Trevor Gosling and Neil Welman, Lulalend utilises proprietary credit scoring technology to enable it to provide quick decisions, fast funding, and transparent pricing to [...] Read more ›
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Two African agri-tech startups have won US$50,000 each after being named winners of this year’s GoGettaz Agripreneur Prize. The second annual GoGettaz Agripreneur Prize competition kicked off in April, with over 3,000 startups registering to compete. Eventually, six young men and six young women entrepreneurs from nine African countries made it to the top 12, [...] Read more ›
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Egyptian virtual assistant startup Elves has raised US$2 million in funding this year, taking the size of its pre-Series A round to the US$5 million mark. Founded in 2017, Elves is a tech-driven virtual assistant platform using a “human in the loop” methodology to drive machine learning and build “Alexa Skills”. The chat-based platform allows [...] Read more ›
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Most popular sources
Business Insider
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31% 15 |
Tom's Hardware
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18% 8 |
Slashdot
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8% 2 |
Mashable
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5% 3 |
Financial Times
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5% 4 |
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24.12.2025 18:25
Last update: 18:20 EDT.
News rating updated: 01:20.
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