One of the key areas where women are disadvantaged in the VC workplace in Africa and elsewhere is job progression, and retention of female colleagues is notoriously low in this space. That is according to Tokunboh Ishmael, co-founder and managing partner at Alitheia Capital, which is the second focus of a series of case studies [...] Read more ›
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Female fund managers are very much in the minority worldwide. In the US, only nine per cent of decision makers in the VC space are women. In Africa, no definitive numbers are yet available, but female fund managers are hard to come by – a big mistake for the VC world, as data clearly demonstrates [...] Read more ›
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Female fund managers are very much in the minority worldwide. In the US, only nine per cent of decision makers in the VC space are women. In Africa, no definitive numbers are yet available, but female fund managers are hard to come by – a big mistake for the VC world, as data clearly demonstrates [...] Read more ›
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Ghanaian e-mobility company SolarTaxi has raised funding from Persistent to further scale its offering. Launched by Jorge Appiah in 2018, SolarTaxi is an e-mobility company that designs, locally assembles, and distributes electric two-wheel (e-2Ws) and four-wheel (e-4Ws) vehicles for transportation and delivery services. Notable customers in Ghana include e-commerce companies like Jumia and Bolt, which [...] Read more ›
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New York-based public relations (PR) company C. Moore Media has launched the third edition of The Future is Female Programme, a PR and communications mentorship programme dedicated to the business development needs of African tech female founders. The Future is Female Programme aims to provide the underserved market of African female founders of early-stage startups [...] Read more ›
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Tanzanian startup OnilBox has become the largest fitness technology platform in the country just over a year after launching, helping fitness and sports enthusiasts find multiple upscale locations to keep fit and have fun from. Launched in April 2021, OnilBox provides users with access to a diverse network of listings, including private workout studios, gyms, [...] Read more ›
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Kenyan startup Duhqa, a B2B platform for retail distribution of consumer goods in FMCG, cold chain and pharmaceuticals, has closed a US$2 million seed round to scale its service offering within Kenya and East Africa. Founded in 2021 by Victor Maina, Davis Angwenyi and Dudu Moilwa, Duhqa is a B2B retail-tech platform that empowers informal [...] Read more ›
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Ten finalists have been named for the second Afri-Plastics Challenge, which is supporting sustainable solutions for reducing the reliance on plastic waste. The Afri-Plastics Challenge, run by London-based innovation experts Challenge Works, is tackling the scourge of plastic pollution in Sub-Saharan Africa thanks to funding from the Government of Canada. The finalists will each receive [...] Read more ›
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Nigeria-based auto-tech company Autochek has announced the acquisition of CoinAfrique, the leading platform for classified adverts in French-speaking Africa, to accelerate penetration of its auto-financing services into Francophone Africa. Autochek aims to build digital solutions that will enhance and enable a seamless and safe automotive commerce experience across Africa. The company uses technology to transform [...] Read more ›
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South African venture capital fund Futuregrowth has announced its intention to launch its Futuregrowth High Growth Development Equity Fund (HGDEF), targeting investments in early-stage businesses that will have a strong developmental impact. Futuregrowth is a leading developmental investor and South Africa’s eighth largest asset management firm, with over 50 fund products, more than 25 years [...] Read more ›
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South African hardware startups have been invited to apply for the Savant BUILD programme, a structured incubation programme that offers selected companies access to various forms of support. A hardware technology incubator, Savant was established by Nick Allen in 2005, and provides commercial support to innovators and inventors who have developed science and engineering based [...] Read more ›
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Nigerian mobility startup MAX has slowly evolved over the last seven years, from moto-taxi app to driver support community, and now it plans to raise US$100 million over the next year to permanently transform mobility across Africa. Founded in 2015 by Adetayo Bamiduro and Chinedu Azodoh, MAX began life as a mobility platform that connects [...] Read more ›
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Aiponics, an Agritech start-up based in Zambia, has announced the launch of Hrvst, a digital marketplace to ensure customers and restaurants have easier access to local farm produce. Aiponics’s vision for Hrvst is to connect farmers to consumers within Africa, making it convenient for them to get fresh farm produce without a middleman. According to [...] Read more ›
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Nigerian startup Xend Finance has passed the 100,000 user mark, while announcing launches in Ghana and Kenya. Xend Finance, which in 2019 took part in the Google Launchpad Africa accelerator and the Binance Incubation Programme, has developed a platform that gives everyone access to the global money market so members can save and invest in [...] Read more ›
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The Global Alliance Innovation Exchange (iX) challenge, delivered by Innovate UK KTN Global Alliance Africa, is supporting a large agri-based manufacturing company in Kenya to identify innovative solutions to two significant and immediate challenges that they face. Global Alliance Innovation Exchange is an Innovate UK KTN programme specially designed to help UK and international organisations [...] Read more ›
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Kenyan startup Sunrise Homeschooling is tapping into the post-COVID homeschooling popularity via its online learning platform, having pivoted from a tutoring model. Founded as a tutoring centre in 2016, Sunrise previously facilitated one-on-one meetings between tutors and students, a model founder and CEO Ben Kairu said was “expensive to run, inefficient, and would cost the [...] Read more ›
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Africa-focused VC firm TLcom Capital has expanded its deal flow generation into the pre-seed area while also starting to target Egyptian ventures. Founded in 1999 and with offices in Lagos, Nairobi and London, TLcom has US$350 million of assets under management across Africa and Europe, and in January 2022 announced the first close of its [...] Read more ›
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Nigerian fintech startup Mono, which is building open banking infrastructure that enables access to customer financial data and bank payments for digital businesses in Africa, has expanded to Kenya as it begins its post-funding continent-wide rollout. Founded in August 2020, Mono is an open banking infrastructure company that enables next-generation businesses in Africa to securely [...] Read more ›
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South African fintech startup Sava has announced a US$1.8 million pre-seed funding round to develop its central spend-management platform. Founded earlier this year, Sava is a spend-management platform that combines bank accounts, mobile wallets, payments, accounting integrations, and invoice and expense management tools in one platform. The fintech startup is set to launch in South [...] Read more ›
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Female fund managers are very much in the minority worldwide. In the US, only nine per cent of decision makers in the VC space are women. In Africa, no definitive numbers are yet available, but female fund managers are hard to come by – a big mistake for the VC world, as data clearly demonstrates [...] Read more ›
0
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Tech Wire Asia
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Business Insider
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5% 2 |
Android Authority
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5% 1 |
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29.11.2024 19:35
Last update: 19:21 EDT.
News rating updated: 02:30.
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