Senegalese B2B marketplace Kwely has been named winner of the 2022 MEST Africa Challenge, securing US$50,000 in equity funding. Founded in Ghana in 2008 by serial entrepreneur Jorn Lyseggen, MEST is a pan-African software and entrepreneurship training programme, seed fund, and incubator helping to launch technology startups across the continent. To date, it has trained [...] Read more ›
2
African e-commerce will prosper through a verticalised approach, and startups operating in the space should seek to acknowledge and complement the strengths of existing retailers rather than reinventing the wheel, according to Deepankar Rustagi, founder and chief executive officer of Nigerian retail-tech venture Omnibiz. Founded in June 2019, Omnibiz allows retailers to place orders at [...] Read more ›
6
Japan International Cooperation Agency (JICA) and Ethiopia’s Ministry of Innovation and Technology (MinT) invite Ethiopian innovators to apply for a chance to participate in an acceleration programme and pitch competition, delegation programme in Japan. According to the UN World Population Prospects 2022, it is estimated that close to 70% of Ethiopia’s population of 120 million [...] Read more ›
35
Kenyan tech startups have higher rates of acceleration and are more diverse than their fellow tier one startup ecosystems, and are raising more funding than ever before. That is according to the Kenyan Startup Ecosystem Report 2022, released by startup-focused news and research company Disrupt Africa. Since launching its research arm in 2016, Disrupt Africa [...] Read more ›
0
Egyptian startup SIDEUP, which provides a suite of services for e-commerce businesses, has raised US$1.2 million in seed funding from regional and global investors to help it expand into Saudi Arabia. Launched in 2019, SIDEUP empowers e-commerce business owners with a suite of technology solutions which enables partnerships, integrations, achieve scale and grow revenue. It [...] Read more ›
2
The Mastercard Foundation Africa Growth Fund (MFAGF), a fund of funds that works through African investment vehicles to support early-stage, growth-oriented SMEs on the continent, has launched with a committed US$200 million. The goal of the Mastercard Foundation Africa Growth Fund is to enable dignified and fulfilling work for young people, particularly young women. The [...] Read more ›
0
Kenyan tech startups have higher rates of acceleration and are more diverse than their fellow tier one startup ecosystems, and are raising more funding than ever before. That is according to the Kenyan Startup Ecosystem Report 2022, released by startup-focused news and research company Disrupt Africa. Since launching its research arm in 2016, Disrupt Africa [...] Read more ›
5
Seedstars has launched Seedstars Capital, an investment platform for emerging venture capital (VC) fund managers, with the support of xMultiplied, a Swiss based investment holding company. Seedstars Capital is an alternative investment platform specialising in emerging and frontier markets, which incubates, accelerates and invests in first-time and emerging venture capital funds active in the pre-seed [...] Read more ›
8
The 2023 Grand Challenges Annual Meeting will take place in Dakar, Senegal, curated by the Institut Pasteur de Dakar (IPD), and focused on the healthcare space. Epidemic threats are increasing in their frequency, intensity, and severity – yet the world remains woefully exposed and unprepared. Grand Challenges Senegal is soliciting its first round of proposals [...] Read more ›
2
Egyptian startup OneOrder, a fintech-enabled restaurant management platform providing food supplies to hotels, restaurants and cafes, has announced the close of a US$3 million seed round to help it scale various aspects of its operations. Founded by leading Egyptian restaurateur Tamer Amer – the founder of Fuego Sushi and Longhorn Texas BBQ, two of Egypt’s [...] Read more ›
3
Nairobi-based skincare startup Uncover has raised US$1 million in seed capital, which it will use to scale up its operations in Kenya and establish a presence across Africa. Uncover, co-founded by Sneha Mehta, Jade Oyateru and Catherine Lee, was born out of global VC accelerator Antler, and is a data-driven, digital-first women’s brand made specifically [...] Read more ›
0
Venture for Africa (VFA), an immersion programme and talent community created to enable top experienced local and global talent to transition into the African startup ecosystem, is accepting applications to the second cohort of its VFA Fintech Product Management Bootcamp. The VFA Fintech Product Management Bootcamp is a 12-week programme designed to upskill aspiring and [...] Read more ›
3
South African data automation startup Synatic has raised a US$2.5 million seed extension round of funding to grow its footprint in the United States (US). Launched in 2017, Synatic has developed a low-code data automation platform that enables enterprises to iterate quickly and provides rapid time to value for businesses needing to accelerate innovation leveraging [...] Read more ›
7
Nigerian fintech software provider Appzone has rebranded to “Zone”, a regulated blockchain payment infrastructure company. Zone, a Google for Startups Accelerator alumnus, is on a mission to connect every monetary store of value using blockchain. By building Africa’s first layer-1 blockchain network, Zone will enable payments and the acceptance of digital currencies for financial service [...] Read more ›
39
South African early-stage venture capital firm 4Di Capital has announced the second closing of its new US$25 million seed fund – created in partnership with DotExe Ventures in Mauritius – with an undisclosed raise from Mauritian-based conglomerate IBL Group, via its investment vehicle, IBL Link Investments Ltd. 4Di Capital is an early-stage technology venture capital [...] Read more ›
0
Nigerian fintech startup Vella Finance, which enables borderless transfers and remittances across the world powered by cryptocurrency, has launched additional payment tools to help business owners in Africa simplify their finances. Launched in beta late last year, Vella has since garnered over 20,000 users, and processed over 25,000 transactions. This latest iteration will see the [...] Read more ›
1
Global VC firm 500 Startups has partnered the Egyptian IT Industry Development Agency (ITIDA) to run various programmes as part of a comprehensive ecosystem strategy that also sees it open an office in the country and appoints Amal Enan as partner in Egypt. 500 Global is a venture capital firm with US$2.7 billion in assets [...] Read more ›
2
Nigerian restaurant cloud operating system provider Orda has raised a US$3.4 million seed round to further digitise food businesses across the continent. Founded by Guy Futi, Fikayo Akinwale, Mark Edomwande, Kunle Ogungbamila, and Namir El-Khouri in 2020, Orda helps small-sized African restaurants optimise their business and achieve sustainable growth. The startup raised a US$1.1 million [...] Read more ›
48
Kenya-based energy leasing company Solarise Africa has raised US$33.4 million in debt funding. Founded by Patrik Huber, Jan Albert Valk and Sakkie van Wijk, Solarise Africa is an energy leasing company for solar and other energy assets focusing on commercial and industrial clients (C&I). The company, which provides smart financing via a selected group of [...] Read more ›
3
MENA-focused seed and early-stage venture capital firm Flat6Labs has launched Makers, a construction-tech innovation programme that aims to promote construction industry innovation through connecting and engaging with various stakeholders with extensive expertise. Launched in collaboration with SIAC, a leading regional private construction firm, and Dar-Al-Handasah (Dar), an international consulting company in engineering, the Makers ConTech [...] Read more ›
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Most popular sources
Business Insider
|
27% 5 |
Tech Wire Asia
|
21% 9 |
CNET
|
7% 1 |
Android Authority
|
5% 2 |
Tom's Hardware
|
5% 1 |
| View sources » | |
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28.11.2024 23:54
Last update: 23:45 EDT.
News rating updated: 06:40.
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