African startups are invited to apply for the second edition of the Madrid-based Aena Ventures accelerator, which provides EUR50,000 (US$55,000) in funding to selected ventures. Aena is looking for startups and technology companies proposing disruptive solutions to the current and future challenges the airport industry faces. The second edition of Aena Ventures is part of Aena’s Strategic Plan [...] Read more ›
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Egyptian startup Qardy, a marketplace and aggregator for debt financing, is planning to boost financial inclusivity across the country after signing a partnership with the Egyptian Post Office. Founded in July 2022, Qardy facilitates loans for MSMEs, with founder Abdel Aziz Abdel Nabi saying the startup’s goal was to be the “Amazon of lending”. “Qardy [...] Read more ›
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African hub network AfriLabs has partnered the United States Department of State’s Office of Global Partnerships (E/GP) to address the climate crisis and promote entrepreneurship in Africa. Founded in 2011, AfriLabs empowers and nurtures innovation hubs across Africa through its community-focused model, while the US Department of State is the leading foreign affairs agency of [...] Read more ›
2
Applications are open for the latest Westerwelle Young Founders Programme, which offers outstanding young entrepreneurs from developing and emerging countries six months of business mentoring and the chance to participate in the Young Founder Conference in Berlin. The Westerwelle Foundation for International Understanding supports collaboration between young entrepreneurs, executives and decision makers from around the [...] Read more ›
2
Rwandan startup Kasha, a digital platform for last mile access to health. has raised a US$21 million Series B funding round to help it expand across the continent. Launched in 2016, Kasha is a digital retail and last mile distribution platform for pharmaceuticals and fast moving consumer goods serving consumers, resellers, pharmacies, hospitals and clinics [...] Read more ›
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Zambia’s Union54, a leading provider of innovative digital financial solutions, has partnered Mastercard to launch social commerce platform ChitChat. A Y Combinbator alumni, Union54 has developed a number of tools to propel African commerce forward. The startup works with financial technology companies across Africa, and has issued millions of debit cards to African consumers from [...] Read more ›
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Twenty Ghanaian startups have graduated from the UNICEF StartUp Lab Accelerator, securing GHS500,000 (US$445,000) investment support. Led by UNICEF in Ghana and supported by KOICA under the “KOICA-UNICEF Accelerating Entrepreneurship and Innovation in Ghana” project, the UNICEF StartUp Lab is an accelerator programme dedicated to support businesses working towards advancing the United Nations Sustainable Development [...] Read more ›
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South Africa’s InfoDocs provides compliance and CIPC-related services to over 30,000 companies – and over 70,000 directors and members – via proprietary software that easily manages company records, annual returns, share registers and certificates. Founded in Port Alfred in 2017, InfoDocs provides an online platform to manage company records and statutory requirements. Its document templates, [...] Read more ›
3
Chari, a Morocco-based B2B e-commerce startup with embedded financing for the FMCG sector, has secured further funding worth US$1.5 million from Verod-Kepple Africa Ventures (VKAV) to support its growth plan. Founded in 2020 by husband and wife team Ismael and Sophia Belkhayat, Chari allows traditional proximity store owners in Morocco to order products and have [...] Read more ›
3
Kenyan startup Skizaa Education has been selected as the only African company among global education startups to compete as a finalist for the Milken Penn GSE Education Business Plan Competition. Formed in 2022, Skizaa, which is invited to present at Edtech Week 2023 in New York in the autumn, specialises in collecting and analysing educational [...] Read more ›
0
Nigerian startup Zuvy, an invoice financing and software company, has secured US$4.5 million in debt and equity funding to scale across the country. Just out of stealth mode, Zuvy is an invoice discounting company which provides software for vendors and their buyers to settle invoices and manage payment schedules. Operating within the fast moving consumer [...] Read more ›
6
Kenyan startup Revivo, a B2B marketplace for consumer electronic spare parts, has announced a US$635,000 pre-seed funding round to help it scale. Founded in 2022 by Sarah Johnson, Revivo is an online marketplace for quality electronic spare parts, accessories, and repair tools, which aims to increase access to quality and affordable electronics repairs in emerging [...] Read more ›
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Fifty finalists from 20 countries have been selected as finalists for the fifth edition of the Africa’s Business Heroes initiative, a philanthropic programme to support African entrepreneurs. The annual Africa’s Business Heroes (ABH) Prize Competition, sponsored by the Jack Ma Foundation and Alibaba Philanthropy, conducts a continent-wide search with its partners for 10 outstanding, mission-driven [...] Read more ›
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African tech startups raised US$1.19 billion in the first half of 2023, down by more than half on the total from the corresponding period in 2022, as investment in the sector continues to feel the effects of the global economic climate. According to the most recent edition of the annual African Tech Startups Funding Report [...] Read more ›
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South African viral consumer rewards app Maholla and internet service provider (ISP) ikeja have partnered in a bid to provide the township youth with equitable access to high quality, cost-effective internet services. Maholla, which raised US$1.5 million funding earlier this year, is a viral consumer app that rewards users for scanning any receipt from any [...] Read more ›
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Standard Chartered Kenya in partnership with @iBizAfrica – Strathmore University has selected 15 women-led startups to undergo 12 weeks of business incubation training under the Women in Tech Programme, which will culminate in seven businesses receiving US$10,000 each in funding. Standard Chartered Women in Tech supports female-led entrepreneurial teams with business management training, mentoring, and [...] Read more ›
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Nigeria’s Flex Finance is a spend management solution for businesses in Africa, helping companies get visibility and control of their spending, and streamlining financial processes like approval workflows, expense tracking, employee reimbursements, and vendor payments. Flex was born out of the Company Builder initiative launched by Accion Venture Lab, which is aimed at building inclusive [...] Read more ›
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Ethiopia’s Kubik, which specialises in the transformation of hard-to-recycle plastic waste into affordable, low-carbon building materials, has raised US$3.34 million via an oversubscribed seed round of funding to help it scale. Founded in 2021 by Kidus Asfaw and Penda Marre, Kubik produces low-carbon, affordable building materials from plastic waste to tackle Africa’s housing and waste [...] Read more ›
2
Egyptian startups Paymob and Chefaa have announced a partnership to power the digital transformation of pharmaceutical payments in Egypt. Paymob was founded in 2015, and its omnichannel gateway offers more than 40 payment methods and empowers over 200,000 SME merchants to manage and scale their businesses. Chefaa, meanwhile, is a GPS-enabled healthcare benefits platform designed [...] Read more ›
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Kenyan startup Ed Partners is dedicated to expanding access to education by partnering with private schools and offering innovative financial and non-financial solutions. Founded in 2018 by Lydia Koros and David FitzHerbert, and currently led by CEO Amos Mwangi, Ed Partners provides financing options for crucial elements of the education system, including infrastructure, technology, and [...] Read more ›
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Most popular sources
Business Insider
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27% 1 |
Tech Wire Asia
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15% 10 |
CNET
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7% 4 |
Eurogamer.net
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6% 1 |
The Verge
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6% 2 |
| View sources » | |
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27.11.2024 23:43
Last update: 23:35 EDT.
News rating updated: 06:30.
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