Nigeria-based mobility fintech startup Moove has raised US$20 million in funding from the UK government’s development finance institution (DFI) British International Investment (BII), formerly known as CDC Group. Founded in 2019 by British-born Nigerians Ladi Delano and Jide Odunsi, Moove is democratising vehicle ownership in Africa by providing revenue-based vehicle financing to mobility entrepreneurs. By [...] Read more ›
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Applications have opened for early-stage Ghanaian startups to scale their operations through the MEST Express accelerator programme. MEST Express is one of three programmes, alongside Pre-MEST and MEST Scale, that MEST is running in partnership with the Mastercard Foundation. The 20-week accelerator programme aims to equip early-stage ventures with the skills and resources they require [...] Read more ›
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Having more “women in tech” doesn’t necessarily mean more female engineers and developers, but rather getting more young women tech-ready, to see that technology can and must underpin and complement their business ideas. That is according to Omobola Johnson and Andreata Muforo, who together make up two-fifths of the management team at Africa-focused VC firm [...] Read more ›
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South African fintech startup Nomanini has launched StockNow, a digital retailer solution that aims to bring affordable working capital to Africa’s informal retail markets. Founded in 2010, Nomanini has developed a platform that enables informal merchants and micro-entrepreneurs in emerging markets to distribute digital goods such as airtime and prepaid electricity. The startup, which also [...] Read more ›
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The London-based Wimbart, a public relations (PR) agency specialising in Africa and emerging markets, has launched the fourth edition of its PR Office Hours programme. Launched in 2015, Wimbart is an independent PR agency with a focus on Africa’s tech and startup sectors. It hosted the first edition of its three-month PR Office Hours programme, [...] Read more ›
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Egyptian fintech super app MNT-Halan has announced that its wholly-owned subsidiary Tasaheel has securitised around US$150 million of its loan book in the first issuance of a US$600 million programme with Commercial International Bank (CIB), Egypt’s largest private sector bank. Having begun life as a ride-hailing app for two- and three-wheeler vehicles back in 2018, [...] Read more ›
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Kenyan music streaming startup Mdundo has seen 290 per cent growth in users since its 2020 IPO, almost taking it to the 20 million mark. Launched in Kenya in 2013, Mdundo provides access to all the continent’s favourite music to users in 15 countries in Sub-Saharan Africa, with millions monthly downloads and streams via its [...] Read more ›
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Southbridge A&I, Salient Advisory and SCIDaR have partnered to launch i3, a US$7 million programme that will provide 30 African e-health startups with funding and support each year. Sponsored by the Gates Foundation, the pan-African “Investing in Innovation” programme will provide 30 African e-health startups per year with access to a systematic grant of US$50,000, [...] Read more ›
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Malian insurtech startup OKO has raised a US$500,000 seed extension round to help it expand to Ivory Coast and work towards a Series A. Founded in 2017, OKO develops affordable mobile-based crop insurance products to provide smallholder farmers with the financial security they need, regardless of unstable climate trends. The startup operates in Mali and [...] Read more ›
0
South African home cleaning service startup SweepSouth has announced its expansion to Nigeria. Launched in 2014, SweepSouth is an online platform providing on-demand home cleaning services, operating across various South African cities. The startup has raised significant funding, including from Naspers, and is busy expanding across the rest of the continent. In December, the company [...] Read more ›
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Kenyan fintech startup Odibooks has launched an accounting platform that allows SMEs to automate and manage all of their business financial processes. Launched in February by Maxwel Odira and Erick Odudo, Odibooks is a web-based accounting platform for SMEs across East Africa, helping businesses with things like quotation, order and invoice management, inventory management, and [...] Read more ›
0
Egyptian B2B e-commerce platform Talabeyah has been acquired by fintech company MNT-Halan for an undisclosed amount. Founded in 2020 by Karim Nassef, Amr Abbas, Khaled Hussein and Adel Hodroj in July 2020, Talabeyah provides a tailored simple solution for retailers, allowing them to order inventory in one click. Its end-to-end model also provides FMCG suppliers [...] Read more ›
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Kenyan fintech startup Kyanda, a money transfer app that aims to help users make all sorts of transactions at as low a cost as possible, has launched operations in South Africa. Launched in February 2020 by Collins Kathuli, Kyanda allows users to make cheap and fast money transfers, purchase airtime, and pay bills, among other [...] Read more ›
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The American Society of Mechanical Engineers (ASME) has announced the regional winners of the 2022 ASME Innovation Showcase (ISHOW), an international accelerator of hardware-led social innovation. Eight finalist teams of social innovators from throughout Africa for the ISHOW presented their design prototypes in a virtual event held June 14-22, with three entrepreneurs emerging as regional [...] Read more ›
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The African venture capital sector is still very much a “man’s world”, but the quality of its investments and ability to make a greater impact suffer as a result. That is according to Omobola Johnson and Andreata Muforo, who together make up half the management team at Africa-focused VC firm TLcom Capital, which is the [...] Read more ›
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Nigerian at-home lab testing startup HealthTracka has raised US$1.5 million in funding to expand into Kenya and Ghana in the coming months.  Founded in May 2021, Healthtracka started with a B2C focus, where users book their lab tests on the website, have their samples collected at home and get digital results, with the cost of [...] Read more ›
2
Egyptian fintech startup Lucky has secured final approval from the Central Bank of Egypt (CBE) to launch the “Lucky One” card for all its customers. Founded in 2018 by Momtaz Moussa and Ayman Essawy, Lucky offers users access to a growing range of easy-to-use credit products, discounts, and cashback rewards, which can be used in [...] Read more ›
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MEST, Meltwater Entrepreneurial School of Technology, has announced the appointment of Melissa Nsiah as its new Director of Portfolio. Previously Program Manager for Stanford Seed West and South Africa, Melissa will be working closely with MEST Africa’s Founder, Jorn Lyseggen, to provide leadership and direction to the MEST portfolio companies, with a key focus on [...] Read more ›
1
Moroccan startup Jobop, an on-demand temporary staffing platform, has closed a US$1 million seed round of funding to scale its “Workforce-as-a-Service” marketplace. Launched in early 2021, Jobop matches companies with blue collar temporary workers in sectors such as hospitality, construction, logistics and manufacturing via its proprietary algorithm. The company has seen growth of over 80 [...] Read more ›
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Nigerian investtech startup GetEquity has expanded to Kenya as it looks to connect more African startups with funding opportunities. Founded in 2020 by Jude Dike and William Okafor, GetEquity is a fundraising and venture portfolio management company that aims to reduce friction between founders and the funding they need by giving them access to a [...] Read more ›
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Most popular sources
Tech Wire Asia
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28% 12 |
Business Insider
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27% 6 |
Eurogamer.net
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6% 2 |
Android Authority
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5% 1 |
Mashable
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5% 1 |
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29.11.2024 19:49
Last update: 19:21 EDT.
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