Hoods, a live e-commerce platform developed in Egypt, has received finance from valU, a division of the Egyptian investment bank EFG-Hermes. Mostafa Hanafi and Waleed Ghalwas created Hoods in late 2020 to help consumers identify and compare goods through live video. Through a seamless experience, its digital platform brings together a retailer, a content producer,…
The German economic development agency Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) and its Make-IT in Africa initiative have teamed up with the US-based venture capital firm 500 Global to launch the Bootcamp for Accelerator Managers (BAM) program, which will support African accelerators in their efforts to support the continent’s talented entrepreneurs. The BAM program aims…
According to a recent Wall Street Journal story, Meta, the parent corporation that owns Facebook, WhatsApp, and Instagram, is anticipated to begin major layoffs as soon as this week. Although the precise number of the approximately 87,000 people at Meta who will lose their employment is unknown, the current report states that it will be…
A significant upgrade to Telegram has just been released, adding new functionality in addition to enhancements. It includes collectible usernames that can be secured by blockchain, added in big groups, and traded or exchanged online. A premium subscription is required for Voice-to-Text for video messages, which essentially transforms any video message into text. On both…
The Nigeria Innovation Summit 2022 with the theme: Re-imaging Innovation, organized by InnovationHub Africa, and held on October 4-8, 2022 was successfully concluded with the participation of delegates and stakeholders across the globe, who participated in the event. The Summit in its 7th year is an annual event that brings together stakeholders from different sectors…
Open finance start-up Spotter, based in Morocco, has received funding from UM6P Ventures in an undisclosed amount. The notification was published on the business networking site LinkedIn. The startup participated in Morocco’s first Plug & Play acceleration program. Spotter, a company founded by Abdele Boukachabine and Mamoune Kettani, creates an application programming interface (API)-driven platform…
As part of its aim for global expansion, UAE-based X-ERA for tech-services and logistics has purchased Egypt’s B2B marketplace SPEED. The acquisition’s price is still a secret. SPEED International for Distribution & Logistics is an affiliate of SPEED. The acquisition represents a critical turning point in the digital revolution, which intends to use digital platforms…
What are the most funded companies in Africa? is one of the most often asked topics at Digest Africa. We need to comprehend the popularity of this query before delving into the most financed startups. To begin with, startups are businesses designed for rapid expansion. They also seek money from investors who receive shares in…
James Agada, the founder of Ixzdore Laboratories Limited, will on Wednesday, November 09 2022 deliver the keynote address at the Africa Tech Alliance Forum 2022 (AfriTECH2.0). The AfriTECH 2.0 will be held at Oriental Hotel, Lekki Road, Lagos, staring by 9:00am under the theme: ‘Sustainability and The Company of the Future’ Agada Ixzdore Laboratories is…
Nigeria’s Minister of Communications and Digital Economy, Professor Isa Ali Ibrahim (Pantami) is set to lead stakeholders in the country’s software industry to the first Software Testing Conference tagged ‘TestNigeria Conference 1.0’, organized by Nigeria Software Testing Qualification Board (NGSTQB). Since assumption of office in August of 2019, Professor Pantami’s aggressive initiatives and reforms towards…
Pando DAO, Africa’s first decentralized autonomous organization for tech innovators, has begun operations and has been named the Silicon Zanzibar initiative’s official community partner. Top African internet entrepreneurs have formed the decentralized Pando DAO community, which has operations in over 15 different African nations. Its goal is to strengthen ties among members of the African…
To hasten the adoption of SD-WAN in Africa, CMC Networks has introduced IP Premier, a high-performance dedicated internet access (DIA) service. Along with the usual availability, IP Premier also offers tight service level agreements (SLAs) for jitter, packet loss, and round-trip delay (RTD). In some of the world’s most difficult markets, it offers a reliable…
AfyA Care’s Series A capital round will include a $6 million investment by CardinalStone Capital Advisers (CCA), a manager of a West African private equity fund. In Nigeria, a healthcare organization called AfyA Treatment offers integrated healthcare services such as hospital care, health insurance, and health technology services. The investment exemplifies CCA’s goal of supporting…
Trending topics in the African technology and telecommunications space include the rollout of 5G, the dire need for telecommunications infrastructure and access to broadband spectrum, the steady rise of the fintech sector despite global economic turbulence, the development of cybersecurity and privacy laws across the continent and the rising number of disputes that are driven…
Online business may have its benefits, but there is also a greater chance of hoaxes and cyber threats. The credibility of your business could be negatively affected by a successful cyber-attack. Therefore, safeguarding your business against cyber-attack is a crucial concern. That if not prevented may require a reestablishment of the business. In the extreme scenarios, it may…
In an effort to reduce costs after his $44 billion acquisition, Elon Musk plans to cut nearly 3,700 workers at Twitter, or half of the social media company’s employment, according to sources with knowledge of the situation. According to the people, who asked for anonymity to discuss private arrangements, Twitter’s new owner intends to inform…
A $30 million fund has been closed by Satgana, a European venture capital (VC) company with its headquarters in Luxembourg, to support entrepreneurs that address climate change issues in Africa. The fund will accomplish this by investing up to €500K in entrepreneurs in Europe and Africa throughout their pre-seed and seed stages. Along with providing…
Some of the biggest obstacles facing startup founders in sub-Saharan Africa are access to finance and a lack of support structures. And although though the continent’s venture capital and founder support programs are expanding, much work still has to be done to satisfy the financial, technological, and social capital needs of underserved groups, particularly women…
Elon Musk, a billionaire and the new president of Twitter, has announced a reduction in the monthly charge for Twitter verification from $20 to $8. On Tuesday, Musk revealed this in a string of tweets. The billionaire promoted the advantages of having a paid verified handle, including priority in answers, mentions, and search, which he…
Dr. Obadare Peter Adewale, the Co-Founder and the Chief Visionary officer (CVO) of Digital Encode Limited, has emerged the first recipient of Cyber Security Experts Association of Nigeria (CSEAN’s) ‘Outstanding Individual of the Year Award’. Peter is arguably the most “Credentialed” PAN-African CyberSecurity Influencer, Thought Leader & GRC Technopreneur. He received the latest honours at CSEAN Merit Award held recently…
The first office of Amazon Web Services, Inc. (AWS), a division of Amazon.com, Inc., has officially opened in Lagos, Nigeria. The opening of the new office in Lagos is part of AWS’s effort to serve the country’s expanding customer and partner base. The office will provide assistance to businesses of all sizes, including small businesses,…
The KuCoin Wallet, designed to be a secure and easy to use crypto wallet that supports multi-chain aggregation powered by the KuCoin ecosystem, has officially launched a Chrome Extension with comprehensively improved security technology and architecture, ensuring the security of user assets across multiple dimensions and safeguarding the Web3 experience. As the crypto industry continues to…
Organisations around the world are on high alert for rapid and effective ways to boost their sustainability through cutting their carbon emissions – but are they missing the obvious? Notoriously energy hungry data centres are an issue that every enterprise can tackle. Using edge computing to move the processing of data closer to where it’s…
Uber, Bolt, Little Cab, and Yego Mobility are the only transport network companies with licenses to operate in Kenya after fully meeting all licensing standards, according to the National Transport and Safety Authority. The four businesses have been given permission to function as transport network firms in Kenya, according to a statement from Director General…
The Ecobank Fintech Challenge 2022 winner has been named, according to the Ecobank Group, and is a Nigerian fintech company called Touch and Pay. The announcement was made at the Grand Finale, which was hosted at the Ecobank headquarters in Lomé and presided over by H.E. Cina Lawson, the Republic of Togo’s Minister of Digital…
AVEVA, a global leader in industrial software, driving digital transformation and sustainability, will highlight how digital technologies can support public-private partnerships and unlock innovation to close the implementation gap on climate change at COP27. The United Nations Climate Change Conference 2022 is being held on November 6-18 in Sharm El Sheikh, Egypt. A sponsor of the…
Stakeholders will gather in Lagos, Nigeria, on 09 November 2022 for another edition of Africa Tech Alliance Forum (AfriTECH 2.0) sponsored by Zoho Corporation, Digital Encode, Galaxy Backbone Limited, ESET, Layer3Cloud; including partners drawn from the Nigerian Communications Commission (NCC), National Information Technology Development Agency (NITDA), Nigeria Computer Society (NCS), and InnovationBed.Africa. Taking place both virtually and (physically)…
The Catalyst Jobtech Accelerator and the Jobtech Innovation Lab are two new initiatives from the Jobtech Alliance, an ecosystem-building initiative around inclusive jobtech in Africa led by Mercy Corps and BFA Global. These initiatives are intended to support digital platforms that link people to employment opportunities that help them build livelihoods. The Jobtech Alliance, a…
Classera, an international edtech business that specializes on emerging markets, has secured $40 million in a Series A round, making it the most in EdTech history for a startup. The fundraising round is also the biggest one ever in edtech, MENA, and much of Africa. Sanabil Investments, a fully owned subsidiary of the Public Investment…
MoneyFellows is a smartphone platform that digitalizes money circles, also known as Rotating Savings and Credit Associations (ROSCAs), which are also popularly referred to as “Gameya” in Egypt and other Arab nations. Through the platform, users may efficiently plan and manage their financial responsibilities and reach their financial goals. MoneyFellows provides a safe and practical…