The recent partnership between the National Senior Secondary School Education Commission (NSSEC) with one of Africa’s Leading EdTech Not for Profit; Coderina Education and Technology Foundation, is set to unlock Nigeria’s human capital development by enabling teachers to prepare students for the Fourth Industrial revolution (4IR). This partnership is a huge step toward fulfilling the…
ESET received much accolades from guests and honourees at the Africa Tech Alliance Forum (AfriTECH 2.0) Awards as the company was conferred with CyberSecurity Company of the Year Award. The awards ceremony was part of activities lined up for AfriTECH 2.0 held in Lagos – Nigeria, on November 09, 2022 2 under the theme: ‘Sustainability and…
The Africa Tech Alliance Forum (AfriTECH) has conferred special honours on Professor Isa Ibrahim Ali (Pantami), Nigeria’s Minister of Communications and Digital Economy, Professor Umar Garba Danbatta, the Executive Vice Chairman, Nigerian Communications Commission (NCC). Other special honourees at the award ceremony held during AfriTECH 2.0 are; Kashifu Inuwa Abdullahi, Director General, National Information Technology…
In order to launch the commercial delivery of locally produced electric buses and charging infrastructure, the Kenyan firm BasiGo has acquired US$6.6 million in new seed funding. In November of last year, Disrupt Africa announced that BasiGo had begun operations in Nairobi after securing KES100 million (US$900,000) in finance earlier in the year. The firm…
The sixth edition of Africa IT Summit London (ATS), which takes place on November 24 at the London Stock Exchange, will bring together African tech leaders, corporations, and investors. Leading industry figures from the annual Summit will share their perspectives, including those from the London Stock Exchange, DLA Piper, Alerzo, Deimos, Niji Oni & Co.,…
A $225 million venture financing platform has been developed by the International Finance Corporation (IFC) to support early-stage businesses in Africa, the Middle East, Central Asia, and Pakistan. In order to “develop them into scalable companies that can attract mainstream equity and debt finance,” the IFC, a member of the World Bank, will invest in…
As part of an exclusive multi-year agreement, Cristiano Ronaldo’s first NFT collection will be made available on Friday, November 18, by Binance, the world’s foremost blockchain ecosystem and cryptocurrency infrastructure provider. A global marketing effort involving Ronaldo will support the launch and introduce his followers to Web3 through the realm of NFTs. He Yi, co-founder…
Immediate past Chief Executive Officer, CWG PLC, and Founder, Ixzdorelabs, an innovation hub and consultancy focused company, Mr. James Agada, has listed some factors that could lead to the premature death of a Startup. Agada, who spoke to the theme: Sustainability and the company of the future, at Africa Tech Alliance Forum (AfriTECH 2.0) held in…
The second iteration of the Startup Wise Guys accelerator, which provides selected B2B SaaS firms with access to EUR65,000 (US$67,000) in funding and a rigorous five-month mentorship program, has chosen nine startups to participate. Startup Wise Guys, an organization that was founded in Tallinn, Estonia in 2012, also oversees cybersecurity programs out of Cosenza and…
In order to advance digital identification across the continent of Africa, uqudo, a digital identity firm that makes customer onboarding safe, effective, and affordable, has worked with various organizations in the region. 50% of the 1.3 billion people in Africa, according to the World Bank and the Africa Development Bank, are smartphone users. The projected…
OneWeb has announced that it has entered into a relationship with Airtel Africa. Through this collaborative partnership, OneWeb will be able to reach government and enterprise clients throughout large swaths of the continent with its high-speed, low-latency LEO connection services. The partnership will concentrate on providing enterprise and civil government customers with satellite communications services…
The GSMA Innovation Fund for Climate Resilience and Adaptation, which aims to speed up the testing, adoption, and scalability of digital innovations that enable the world’s most vulnerable populations to adapt to, anticipate, and absorb the negative impacts of climate change, has announced the recipients of grants, including eight African startups. The GSMA Innovation Fund…
The Plug & Play, iCubed Capital, WZ Capital, and the Jozi Angels Network participated in the pre-seed round of funding for the South African telehealth platform Contro. The Bill & Melinda Gates Foundation also provided grant funding from the i3 fund. Contro was founded in June 2021 and presently provides six services, including once-off STI,…
Eden Care, a Rwandan insurtech firm that provides businesses and their employees with inexpensive, individualized, and accessible health coverage, has acquired pre-seed capital to support its growth across East Africa. The two biggest reinsurers in Africa, Zep Re and Africa Re, support Eden Care, a licensed provider of digital health insurance. The start-up gives companies…
A US$600,000 pre-seed fundraising round has been completed by Nigerian startup CutStruct Technology to help with the growth and scalability of its B2B construction procurement application LiveVend. CutStruct, a company founded by John Oamen and Tayo Odunsi, has created LiveVend, a platform for construction procurement that enables buyers like contractors and real estate developers to…
With the aid of Buffet Investments, KLT, and the Shoprite Group as the lead investors, Omnisient, a provider of consumer privacy-protecting data collaboration platforms in emerging markets, has raised a $3.5 million round of expansion financing. The expansion round was oversubscribed, and more investors joined original investors Investec and Nedbank, as well as follow-on investors…
Credit cards are hard to come by in Egypt. Only 4.8 million credit cards, or less than 5% of Egypt’s 104 million people, are available to be used to service that population, according to the Central Bank of Egypt. Due to wage reductions, an increase in unemployment and underemployment, and a general slowdown in the…
Following yesterday’s declaration by President William Ruto that the government is working on a plan to produce mobile phones that will cost less than Ksh. 5,000 in the next year, Kenya will begin manufacturing affordable smartphones. The president was speaking in Nairobi at the annual general meeting of the Kenya National Chamber of Commerce and…
Spotify has started an initiative that it claims would encourage “solution-driven” conversation about the issues the African music business is facing. The session, dubbed Spotify Talks Africa, will include experts chosen from across the industry, according to the streamer. It is thought that the effort would involve artists, producers, artist management, and staff members from…
Applications for the 2023 cohort of the Anzisha Prize, a renowned venture-building program that supports young African entrepreneurs between the ages of 15 and 22, are now available. African entrepreneurs under the age of 22 who are starting enterprises and giving their peers job opportunities are urged to apply. Following that, 30 fellows will be…
The Katapult Africa Accelerator Programme, which gives entrepreneurs access to US$150,000 in investment and other support, has chosen nine startups from across the continent. A number of African entrepreneurs have received funding from the Norwegian-based Katapult Accelerator, which has also spun out projects including Katapult Ocean and a program devoted to addressing climate change. The…
Leading international edtech startup Snapplify is making significant investments in West Africa as part of its commitment to expanding access to digital education. Hundreds of educational institutions in the area have already registered with the company since its 2012 establishment in South Africa. Wesley Lynch, CEO of Snapplify, stated that “schools and tertiary institutions are…
Quona Capital, a venture capital firm specializing in emerging countries, has announced the final closing of its Fund III at US$332 million, much above its US$250 million goal. As a stand-alone venture capital firm, Quona Capital was founded in 2015 by managing partners Jonathan Whittle, Ganesh Rengaswamy, and Monica Brand Engel. It concentrates its investments…
MOL PLUS, the corporate venture capital arm of Mitsui O.S.K. Lines, has announced funding for Kenyan fulfillment and logistics enabler Sendy as part of a new undisclosed round to support it as it expands fulfillment services in Kenya, Uganda, Nigeria, and Ivory Coast. Thousands of businesses use Sendy’s platforms and APIs to sell and transport…
Orodata Science is proud to announce the call for applications for the third cohort of the African Data Hub (ADH) community journalism fellowship. This new call is designed differently from the others as it seeks reporters focused on documenting and reporting on the health challenges emanating from the flood devastation of several parts of Nigeria…
WafR, a Moroccan fintech startup, has raised $120,000 in funding from First Circle Capital, bringing the company’s post-funding valuation to more than $10 million. This is the startup’s fourth round of funding in 2022, with a total of $1.22 million raised. First Circle Capital, a venture capital fund that invests in Africa’s next generation of…
The Africa Tech Alliance Forum (AfriTECH 2.0) is set to hold on November 09, 2022 on a theme that encompasses the current technology trends in our world today — ‘Sustainability and The Company of the Future’. Some topics which would be critically analyzed by experts so as to point us in the right direction to attain a resilient…
Jack Dorsey, the founder and former CEO of Twitter, has launched a new social media app called Bluesky. Bluesky is an open standard designed to decentralize social network protocol, allowing multiple social networks, each with its own curation and moderation systems, to interact with one another. It should be noted that each social network that…
A $600,000 Seed round headed by Innlife investments has been raised by the foodtech firm Brotinni in Egypt. Dalia Abou Omar founded Brotinni, a website where customers may order hand-cut, farm-sourced, fresh meat and poultry that has been vacuum-sealed. Additionally, it offers ready-to-cook and flash-frozen items. It uses its own fleet of drivers to provide…
A multi-sided marketplace called Yassir has announced that it has raised $150 million in Series B funding from well-known international investors. The marketplace offers on-demand services like banking, food and grocery delivery, ride-hailing, and more. DN Capital, Dorsal Capital, Quiet Capital, Stanford Alumni Ventures (formerly known as Spike Ventures), and Y Combinator were among the…