The Egypt-based VC firm Camel Ventures has launched an EGP500 million (US$16 million) fund that is focused on the country’s fintech startup ecosystem. Camel Ventures is backed by institutions in the fintech space and the financial services arena in Egypt – dfin Holding and Al Ahly Capital Holding. Its first investment vehicle, Camel Ventures for [...] Read more ›
1
Ariob, an incubation programme aimed at launching African-centered startups into blockchain ventures, is graduating its first cohort tomorrow (April 4). The programme, a collaboration between leading decentralised technology solutions provider Input Output and Ethiopian tech incubator and accelerator iceaddis, will graduate eight early-stage ventures, working on sectors like health, savings, and money transfer. The programme [...] Read more ›
3
Goodwell Investments and Oxfam Novib have announced a new EUR20 million (US$22 million) fund that will address the “missing middle” East Africa by investing in early-stage growth companies that are struggling to secure finance from banks and investments funds. Goodwell Investments is an impact investment firm focused on inclusive growth in sectors providing basic goods [...] Read more ›
2
Applications have opened for the third Egypt’s Entrepreneur Awards (EEA), which will celebrate, recognise and connect the most innovative, successful and resilient entrepreneurs in Egypt. EEA is the first platform in Egypt to celebrate rising entrepreneurs and existing successful businesses equally. It will give these entrepreneurs a platform, empower them, and support them in driving [...] Read more ›
10
African tech startups raised US$649,303,000 between January 1 and March 31 this year, down 57.2 per cent on the total from the corresponding period in 2022, as the sector begins to feel the bite from the global economic climate. According to the most recent edition of the annual African Tech Startups Funding Report released by [...] Read more ›
1
Blockchain technology has gradually advanced into the world of payments to transform the traditional banking environment, driving efficiency and simplicity by establishing new financial processes and services. Blockchain and distributed ledger technologies (DLT) promise to address certain issues, including security, hacking, forgery, and reliability. However, one of the most immediate issues that blockchain technology can [...] Read more ›
22
The Ivorian government has unveiled its Startup Act, a framework designed to support the country’s most talented entrepreneurs in achieving their goals. The first specific startup law globally was passed in Italy in 2012, and Tunisia and Senegal were the first two African countries to enact them. A host of countries, including Mali, Ghana, Ivory [...] Read more ›
6
African startups have been invited to apply for the third edition of the Green Changemakers Challenge, a global innovation challenge open to solutions that are equipping others with the mindset and capabilities to contribute towards building a sustainable and equitable world. Run by Ashoka in collaboration with HSBC, the Green Changemakers Challenge will support solutions [...] Read more ›
0
The Rwanda-based Payday, a leading pan-African neobank issuing global accounts to Africans, has announced a US$3 million seed round to power its expansion into Europe and North America. 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 [...] Read more ›
85
DFS Lab has announced the launch of the DFS Lab Stellar Africa Fund I, which will back high-potential builders and teams in Africa aiming to transform the digital payments landscape and beyond by building on the Stellar network. DFS Lab is an early-stage investor that focuses on Africa’s largest economic engines and invests in founders [...] Read more ›
12
The African Centre for a Green Economy has opened applications for its Green Business Accelerator programme, which offers access to mentorship, funding and networking opportunities. A non-profit multi-disciplinary think tank working towards accelerating green and inclusive economy in Africa, the African Centre for a Green Economy has announced the first call for applications for green [...] Read more ›
1
Nigeria’s Fez Delivery, a logistics and delivery company, has raised a US$1 million seed funding round to accelerate its development and grow its team. Founded in 2020 by Seun Alley, Fez Delivery began life offering janitorial services to businesses, but suffered from absenteeism of the janitors because they were running errands for employees. “We launched [...] Read more ›
18
Start OA is a leading startup advisory firm in Africa that has gained a reputation for providing unparalleled support to startups in various areas such as fundraising, startup advisory services, and expansion into new markets. With its proven track record of success, Start OA has become the go-to choice for startups looking to take their [...] Read more ›
3
The Japan International Cooperation Agency (JICA) and the Ministry of Innovation and Technology of Ethiopia (MinT) are pleased to announce the “Ethiopia Acceleration Program Kickoff & Pitch event” for investors and companies from Japan and from all over the world as well as anyone interested in Africa, as part of “Project NINJA (Next Innovation with [...] Read more ›
6
Ethiopian startup Medstore has launched a digital marketplace to allow users to sell and buy medical equipment online, and publish and subscribe to medical equipment tenders. Founded in 2020 but only launched this month, Medstore is a match-maker for manufacturers and distributors of medical equipment. CEO Chernet Mequanent said the startup is bootstrapped and makes [...] Read more ›
52
The Africa Women Innovation and Entrepreneurship Forum (AWIEF) has announced the opening of registration for its annual conference and awards, which will take place in Kigali on November 9-10. AWIEF is an entrepreneurship, innovation and technology platform, which brings together more than 1,300 entrepreneurs and startups, industry experts, thought leaders, policy drivers, and change-makers from [...] Read more ›
2
Nigerian fintech startup OnePipe has secured a US$4.8 million credit facility from TLG Capital, which it will use to provide inventory finance to small shops, while at the same laying off an undisclosed number of team members to extend its runway. Launched in August 2019, OnePipe aggregates APIs from banks and fintechs into a standardised [...] Read more ›
18
Nigeria’s HouseAfrica, a prop-tech startup providing real estate digitalisation and transparency tools to property developers and their customers, has raised US$400,000 in funding. Founded in 2019 by Nnamdi Uba and Ndifreke Ikpoku, HouseAfrica aims to enhance the real estate industry’s efficiency and trust by leveraging innovative technologies. Its flagship product Sytemap.com leverages proprietary blockchain and [...] Read more ›
32
South Africa-based payments infrastructure company Stitch has expanded to become an end-to-end payments service provider, off the back of a host of new solutions including pay-ins via card and debit order, and payments orchestration and reconciliation system PayOS. Founded in February 2021, Stitch is a payments infrastructure company that helps businesses scale faster, and operate [...] Read more ›
27
Africa-focused startup SkyCliQ has launched its waitlist, intending to shake up the cross-border online shopping market with its community based shopping and delivery marketplace. SkyCliQ is disrupting the small parcel delivery segment of the market by enabling the community to participate in the playbook, making the platform yet another example of the coming together of [...] Read more ›
2
Most popular sources
Tech Wire Asia
|
27% 21 |
Business Insider
|
23% 3 |
CNET
|
8% 5 |
Eurogamer.net
|
5% 0 |
Gizmodo
|
5% 1 |
| View sources » | |
LIKE us on Facebook so you won't miss the most important news of the day!
28.11.2024 11:51
Last update: 11:46 EDT.
News rating updated: 18:41.
What is Times42?
Times42 brings you the most popular news from tech news portals in real-time chart.
Read about us in FAQ section.