Women Who Build Africa (WWBA), an inclusive community that brings together women and non-binary people working in or around the tech space, has launched operations and begun holding events. Created by Gwera Kiwana, crypto founder in residence at MFS Africa, and Thea Sokolowski, head of marketing at Stitch, WWBA has officially launched with chapters across [...] Read more ›
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Janngo Capital has announced the first close of its second fund at EUR34 million (US$36 million), and is targeting a further EUR26 million (US$26 million) to bolster its ability to invest in innovative African tech startups. Janngo builds, grows and invests in pan-African tech startups with proven business models and inclusive social impact, with the [...] Read more ›
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In a recent report by Harvard Business Review, 45 prominent founders who had benefited from the support of mentors were surveyed. It turns out that 84% of them avoid costly mistakes and became proficient in their role, 69% said mentors helped them make better decisions, and 71% reported improved company performance. If renowned business leaders [...] Read more ›
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Cameroonian startup Mungenow has launched a guesthouse-booking platform aimed at helping travellers to and across Cameroon’s major cities – and eventually the rest of Africa – to find verified and affordable places to stay, no matter their budget. Live now with listings from Buea, Limbe, Douala, Yaounde and Kribi, Mungenow aims to connect travellers with [...] Read more ›
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Innovative solutions that address the lack of access to quality and affordable health services in Africa have been invited to apply for funding and support from Villgro Africa. The India-based Villgro Innovations Foundation expanded to Africa in 2017 with the launch of Villgro Kenya, an early-stage business incubator and impact investor that offers mentoring, funding [...] Read more ›
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Kenyan startup Turaco, an insurtech platform driving mass market insurance adoption, has announced the close of a US$10 million Series A equity funding round to help it double down on expansion via strategic partnerships. Founded in 2019, Turaco is a distributor, broker, and key customer interface between the underwriter and the end consumer. Its B2B [...] Read more ›
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Nigerian startup SafeSenda has launched an application that simplifies the management, exchange, conversion, spend and settlement of cryptocurrency into naira bank accounts. Launched by Nkechi Iyke-Ukaegbu and Ikechukwu Ukaegbu earlier this year, the SafeSenda app simplifies the process of managing and converting crypto assets via an easy-to-use interface. Ukaegbu said the startup had been inspired [...] Read more ›
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The Mastercard Foundation, Ethiopia’s Ministry of Innovation and Technology (MInT), and iceaddis have launched a five-year project called Venture Meda that aims to boost job creation in the country by providing startups with funding and acceleration support. Officially entitled “Job Creation through Incubation and Acceleration Support in Ethiopia”, the aim of the programme is to [...] Read more ›
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Nigeria leads the way for tech startup funding on the African continent over the last eight years, with fintech companies the main driver. That is according to the Nigerian Startup Ecosystem Report 2022, released by startup-focused news and research company Disrupt Africa. Since launching its research arm in 2016, Disrupt Africa has built up a [...] Read more ›
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Egyptian VC firm Endure Capital has announced it has completed the first close of its new US$50 million fund to invest in early-stage startups across the African continent. Launched in 2015 by serial entrepreneur Tarek Fahim, Endure Capital has established itself as one of the leading VC firms in the region. Its first fund was [...] Read more ›
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Ten startups have been selected to pitch live on stage at the Africa Money and DeFi Summit, which takes place in Accra on September 27-28. Leading fintechs, investors, crypto platforms, ventures and digital finance stakeholders will connect at the Africa Money and DeFi Summit – West Africa edition later this month, after a successful first [...] Read more ›
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Fintech startup GroWise Capital is an alternative short-term business funder for South African SMEs, utilising technology throughout its processes to offer SMMEs access to fast and flexible funding, tailored to their business’ needs. Formed in 2019 by brothers Maxi and Sebi Cohen alongside high school friend and actuary Jonti Strimling, GroWise Capital offers advances ranging [...] Read more ›
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Calling all startups, entrepreneurs, and developers interested in building on Stellar, a layer-1 blockchain network for financial products and services, to participate in a virtual bootcamp from November 1-4 to kickstart and support their journey in the Stellar ecosystem. The bootcamp is hosted by the Stellar Development Foundation (SDF), a non-profit that guides the development [...] Read more ›
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Nigerian real estate data analytics platform Estate Intel has announced a US$500,000 pre-seed funding round it raised last year, since when it has expanded into a host of other African countries. Launched as a real estate blog in 2016, focused on highlighting major building developments in Nigeria, Estate Intel has grown into the largest real [...] Read more ›
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The BRICS Business Council is looking for South Africa’s best future forward digital skills to represent the country in an online multi-day competition. People aged between 16 and 35 and skilled in either robotic process automation, mobile app development, data science or digital factory skills, can apply before Thursday, September 15 to form part of [...] Read more ›
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Nigerian blockchain payments startup Bitmama has closed out its US$2 million pre-seed funding round, which it will use to expand its operations. Launched in 2019, Bitmama provides a secured blockchain infrastructure that allows users across Africa to transact Bitcoin, Ethereum, Celo and other cryptocurrencies. Simultaneously, its payment solution Changera enables cross-border payment and remittance for [...] Read more ›
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Ethiopian fintech startup Chapa has launched an online payment gateway that enables businesses to accept payments from people worldwide. Chapa enables organisations and businesses to accept all possible local and international digital payment methods from anyone, anywhere in the world. Its payment APIs can be integrated into any existing digital platform. “Chapa’s mission is to [...] Read more ›
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Orbit Startups, a new programme from US venture firm SOSV, has named the 10 startups chosen for its inaugural cohort, two of which hail from Nigeria. Orbit encapsulates existing SOSV programmes MOX and Chinaccelerator, and reflects those programmes’ shift in recent years to the geographies of Southeast and South Asia, the Middle East, Africa, and [...] Read more ›
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Nigerian fintech startup Touch and Pay is planning expansion into a number of other African markets after securing a seed funding round worth US$3 million. Founded in 2019, Touch and Pay has developed a suite of near field communication (NFC) based payment solutions for all sorts of situations. Co-founder Michael Oluwole said the startup was [...] Read more ›
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The UK government’s development finance institution (DFI) British International Investment (BII), formerly known as CDC Group, has announced its plan to invest US$100 million in Egyptian startups over its current strategy period. At a business reception launching its new name in Egypt, BII announced its future plans for the country and reaffirmed its commitment to [...] Read more ›
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29.11.2024 11:43
Last update: 11:36 EDT.
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