The Innovation for Ecosystem Restoration Africa 2023 programme, run by Village Capital and supported by Moody’s Corporation, aims to support entrepreneurs promoting ecosystem restoration by addressing deforestation, land degradation, water scarcity, loss of biodiversity, and adverse climate change. Despite Sub-Saharan Africa being home to some of the world’s most biologically diverse ecosystems, ecosystem degradation remains [...] Read more ›
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Startup-focused news and research company Disrupt Africa will this month release the first ever publication focusing on gender equality in the African tech startup landscape, in partnership with Africa-focused pre-seed investment programmes Madica as well as other leading investors and industry stakeholders. Since launching its research arm in 2016, Disrupt Africa has built up a [...] Read more ›
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Nigeria’s Nestcoin, which builds products aimed at making modern finance borderless and trustless, has announced the launch of Onboard, a digital finance platform aiming to provide modern, world-class digital finance services that connect Africans to the global economy. Nestcoin recognises that traditional finance cannot provide solutions for organisations of the future and truly global citizens. [...] Read more ›
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Applications have opened for the latest Global Cleantech Innovation Programme in Nigeria, which offers support for individuals who are passionate about clean technologies, tackling climate change and making a positive impact. The Global Cleantech Innovation Programme (GCIP) Nigeria accelerates the development of small and medium-sized enterprises (SMEs) looking to deploy cutting-edge cleantech products and services [...] Read more ›
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Nigerian payments startup Nomba has raised a US$30 million pre-Series B funding round to support the delivery of bespoke payment solutions for African businesses. Founded by Yinka Adewale and Pelumi Aboluwarin in 2017, and formerly known as Kudi, Nomba has evolved over the years into a profitable, omnichannel payment service provider. The company supports more [...] Read more ›
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South Africa’s Convergence Partners has announced the acquisition of a strategic stake in 42Markets Group, an incubator, investor and builder of high-growth specialist businesses in the financial and capital markets sector. Convergence Partners is a leading private equity investment manager focused on the technology sector in sub-Saharan Africa, with a 20-year history of investing successfully [...] Read more ›
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The National Advisory Boards (NABs) for Impact Investing in South Africa, Ghana, Nigeria and Zambia will host the first Africa Impact Summit in South Africa on July 13-14 at the Cape Town International Convention Centre (CTICC). Supported by affiliated African task forces, Bertha Centre for Social Innovation and Entrepreneurship, as well as the Global Steering [...] Read more ›
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Kenyan women-only taxi service An Nisa is planning expansion to Saudi Arabia after clocking up 10,000 users in its home market. Founded by Mehnaz Sarwar in 2018, An Nisa Taxi went app-based last year, and has more than 10,000 users. “We have a team of female drivers and we cater for women and children. We [...] Read more ›
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Payday, a pan-African neobank issuing global accounts to Africans, has announced its re-entry into Rwanda, following the official launch of SpaceX’s Starlink in the East African country. Launched in June 2021 by Favour Ori, Payday was developed to support African remote workers, freelancers and digital professionals with frictionless, borderless payments, enabling global payment processing from [...] Read more ›
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Investing in Innovation Africa (i3), a pan-African initiative for startups building the future of healthcare supply chains, is calling for leading innovators to join its second cohort. Funded by the Bill & Melinda Gates Foundation and sponsored by AmerisourceBergen, Merck Sharpe & Dohme (MSD), Microsoft and Chemonics, i3 is supporting the commercialisation of 60 promising [...] Read more ›
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Nigerian fintech startup Storspay has raised a US$320,000 funding round and been selected to participate in the Techstars NYC accelerator, backed by JP Morgan Accelerator. Storspay has developed a decentralised retail lending infrastructure platform for the internet, connecting retail investors seeking alternative asset investment opportunities with small businesses globally needing more affordable capital to grow [...] Read more ›
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Nigerian fintech startup Touch and Pay (TAP), a leading processor of micro-transactions in Africa, has announced the democratisation of interstate travel from Nigeria’s largest city, Lagos, to other parts of the country. Founded in 2019 by Olamide Afolabi, Michael Oluwole and Kabir Yabo, TAP was the first company in Nigeria to provide payment infrastructure that [...] Read more ›
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Impact Investing Ghana (IIGh) and the Nigeria National Advisory Board for Impact Investing (NABII), together with impact investing taskforces in Burkina Faso and Senegal, have announced the first West Africa Deal Summit and second Ghana Impact Summit, slated for May 16-17. The flagship summit, themed “Conversations that Move Catalytic Capital for Impact”, is organised in [...] Read more ›
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Capria Ventures, a leading Global South specialist firm investing in early-growth Global South startups, has announced the first close of its US$100 million fund. Capria invests in tech founders with limitless aspirations, connecting them into a uniquely-collaborative network, and activates strong relationships between hundreds of founders and leading local VC firms in the tech hubs [...] Read more ›
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South African startup Maholla, a viral consumer reward’s app, has concluded a US$1.5 million seed funding round to help it continue to scale. Maholla is a viral consumer app that rewards users for scanning any receipt from any store, allowing users to earn rewards irrespective of where they shop. Rewards come in the form of [...] Read more ›
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Today, Smile Identity announced that it has acquired Appruve’s parent company (Inclusive Innovations, Inc.) and is actively fulfilling regulatory requirements to finalise the transaction for the affiliated entities in Africa. This strategic acquisition will expand Smile Identity’s footprint across Africa and solidify its position as the continent’s leading identity verification and digital KYC provider. For [...] Read more ›
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Applications have opened for the US$100,000 Africa Food Prize, which recognises an outstanding individual or institution that is leading the effort to change the reality of farming in Africa. The Africa Food Prize celebrates Africans who are taking control of the continent’s agricultural agenda, putting a spotlight on bold initiatives and technical innovations that can [...] Read more ›
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Nigerian startup Peppa is making it safer to shop online in Africa, with a focus on social buying and selling, via a payment protection scheme that means buyers are protected from fraud and sellers are protected from losses that come from cancelled orders. Founded in September 2021, though conceived of much earlier, Peppa allows users [...] Read more ›
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South African mobile operator Telkom’s Enterprise and Supplier Development programme, Telkom FutureMakers, has partnered with venture builder firm, Aions Creative Technology to grow local startups. This partnership comes on the back of a competitive pitching process where Aions was awarded ZAR58 million (US$3.2 million) in funding that will reflect Telkom FutureMakers’ commitment to growing and [...] Read more ›
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African startups are invited to apply for the Stanford Seed Transformation Programme, which aims to help established businesses further scale. The Seed Transformation Programme is an unconventional, in-person and online learning experience exclusively for founders and CEOs with annual revenue of between US$300,000 and US$15 million. Businesses from Africa and South Asia are invited to [...] Read more ›
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Most popular sources
Business Insider
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23% 0 |
Tech Wire Asia
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23% 17 |
CNET
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8% 5 |
Gizmodo
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5% 2 |
The Verge
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5% 4 |
| View sources » | |
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28.11.2024 08:59
Last update: 08:51 EDT.
News rating updated: 15:51.
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