Egyptian digital payments provider Paymob has raised a US$3.5 million funding round to grow its merchant network and accelerate regional expansion. Founded by Islam Shawky, Alain El Hajj and Mostafa El Menessy, Paymob is an infrastructure technology enabler providing payment solutions to empower digital financial service providers across Africa and the Middle East through mobile [...] Read more ›
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Kenyan tech-enabled forestry company Komaza recently announced it has secured US$28 million in Series B funding. However, the company started out life as a non-profit, which chief executive officer (CEO) Tevis Howard says is harder work, and can mean teams lack the focus to achieve long-term large scale impact. Komaza works with smallholder farmers to [...] Read more ›
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The Halal Angels Network (HAN), the first investor group set up to penetrate the $5 trillion global halal consumer market, has teamed up with Tanzania’s SSC Capital to explore opportunities across Africa. The Halal Angels Network was launched this year to promote innovation, entrepreneurship and startups in the halal market, which is projected to grow [...] Read more ›
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Egyptian tech event RiseUp will this week host RiseUp From Home, a special virtual edition aimed at reconnecting the MENA entrepreneurship ecosystem. The annual RiseUp Summit first took place in Egypt in 2013, and the RiseUp initiative now also comprises a range of products and activities supporting startups and developing ecosystems throughout the year, including [...] Read more ›
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Egyptian beauty service booking platform Glamera has raised a six-figure US dollar seed round to further expand across the Middle East and North Africa region. Launched in September 2019, Glamera allows users to book appointments with hundreds of contracted providers covering all beauty sections, including salons, clinics, spa, gym, and dental. The startup has 100,000 [...] Read more ›
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We all need to be invested and up to date with the latest news in crypto. The space of cryptocurrencies and Blockchain moves fast, and it can be challenging to keep up with the pace. On top of this, there are many misleading, fake, and outright scam news sites out there. The consequences of falling [...] Read more ›
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Egyptian P2P savings tool ElGameya has secured a six-figure US dollar investment in a pre-seed angel syndication to support its growth plans. ElGameya is a mobile application that facilitates the management and collection of the ROSCA cycle, otherwise referred to as money circles. Users can either use it as a platform to digitise their private [...] Read more ›
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Startups from Ethiopia, Kenya, Ivory Coast, Rwanda and Ghana, Tanzania, Senegal, Nigeria and South Africa have been named country winners of the MEST Africa Challenge, earning their places in the grand final and the chance of winning US$50,000 in equity investment. Run by pan-African training programme, seed fund, incubator and hub the Meltwater Entrepreneurial School [...] Read more ›
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Disrupt Podcast offers listeners a fortnightly wrap-up of all the developments in the African tech startup ecosystem, interviews with key players, and audio pitches from innovative companies. Increasing access to information and analysis of the African startup scene is at the heart of Disrupt Africa’s mission, and its content offering is now broader with the [...] Read more ›
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Nigeria-based impact accelerator FRAGG Impact Growth Accelerator Programme (FIGAP) is calling on for-profit impact SMEs at the growth stage across West Africa to apply for its 2020 cohort. FIGAP is a four-month long programme to close the funding gap for SMEs in the region, by providing support to businesses in the impact and climate sectors [...] Read more ›
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20 South African innovation-driven SMEs have been selected for the latest Grindstone Accelerator programme cohorts in Cape Town and Johannesburg. Grindstone Accelerator is a structured entrepreneurship development programme jointly owned by venture capital (VC) fund manager Knife Capital and market access specialist Thinkroom Consulting. The programme takes South African SMEs with proven traction through an [...] Read more ›
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10 startups have been named finalists of the third edition of the Ecobank Fintech Challenge, which gives startups the opportunity to promote their fintech solutions and potentially roll out across the bank’s 33 markets. The Ecobank Fintech Challenge, previous editions of which were won by Tanzania’s Nala and Nigeria’s IroFit, was open to submissions from [...] Read more ›
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African e-commerce startups have been invited to apply for a new Facebook-run accelerator that will offer them access to mentorship and training as well as the company’s technologies and networks. Facebook Accelerator: Commerce is a 12-week non-equity programme supporting innovative commerce startups who renew shopping experiences for buyers and sellers. It is looking for technology [...] Read more ›
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South African diabetes health and insurtech startup Guidepost has raised an undisclosed amount of further funding to help it increase its impact. A technology platform that enables highly personalised, data-driven diabetes management at scale, Guidepost allows patients to better manage their illness, and during its six years of operation has achieved a 45 per cent [...] Read more ›
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Cairo-based e-commerce startup Dresscode has raised a six-figure US dollar seed funding round to help it speed its growth by expanding its team and product offering. Founded in 2018 by Mohamed Abdel Dayem and Ali Zakaria, Dresscode is an e-commerce retail platform that sells female clothing, beauty and home products, connecting Egyptian manufacturers directly to [...] Read more ›
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AtaraPay insured by Consolidated Hallmark Insurance Plc enhances its escrow service in a way that can be trusted and reliable enough to take away the monetary bottlenecks and resolve every crisis during transactions. The executive director of TrustPay Technologies Limited Yemi Adebiyi said the relationship with Consolidated Hallmark Insurance Plc is a safe way to [...] Read more ›
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Twelve startups have been selected for The Future is Female, a PR and communications mentorship programme dedicated to the business development needs of African tech female founders. The Future is Female was launched by C. Moore Media last month to provide the underserved market of African female founders of early-stage startups with the PR and [...] Read more ›
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South African artificial intelligence (AI) and data annotation startup Enlabeler has raised funding from new VC fund Entrepreneurs for Entrepreneurs (E4E) Africa to kickstart its operations and target international markets. Founded in 2019, Enlabeler marries the need for accurate video, text, image and audio labelling with the urgent need for job creation, serving clients with [...] Read more ›
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Nigerian fintech startup AtaraPay has launched its escrow service in a bid to provide a trusted and reliable service that removes monetary bottlenecks and resolves issues during transactions. AtaraPay is a web and mobile tool that can be used by both sellers and buyers for protection during any online or offline commercial transaction through funds [...] Read more ›
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Applications have opened for Enygma Ventures’ sub-fund Shift, which focuses on entrepreneurs in Southern Africa who are passionate about driving innovative solutions to address Africa’s challenges both during and after the COVID-19 pandemic. A partnership between Enygma Ventures, a ZAR100 million (US$6.8 million) fund launched late last year with a focus on investing in women [...] Read more ›
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Most popular sources
Tom's Hardware
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26% 15 |
Business Insider
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26% 3 |
Slashdot
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6% 0 |
Engadget
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5% 2 |
Gizmodo
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4% 5 |
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25.12.2025 00:17
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News rating updated: 07:11.
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