In its attempt to provide free and equitable access to quality STEAM education for young learners in and out of school across Nigeria, Coderina riding on the partnership with the Nigerian National Library Authority, equipped the National library Bauchi with the launching taking place last week. The event at Bauchi brings the number of library…
Leta, a Kenyan startup, has raised $3 million in order to expand across West Africa in 2023. Leta is a B2B supply chain and logistics SaaS company that was established in 2021 to improve fleet management. Leta is searching for growth prospects in West Africa while also increasing its business in its current five markets,…
A Kenyan business called Stable Foods has raised US$600,000 to create a method for producing smallholder food that is climate-smart. Participating in the fundraising round were Mercy Corps Ventures and the Acumen Resilient Agriculture Fund (ARAF). Agrifood-tech venture studio Pyramidia Ventures’ portfolio company Stable Foods has developed an all-in-one system that combines regenerative agriculture training,…
A second landing of the 2Africa subsea cable is anticipated in Port Said in the Mediterranean Sea at a later time. As members of the 2Africa consortium, Meta and Telecom Egypt announce the first landing of the 2Africa subsea cable in Egypt in Ras Ghareb in the Red Sea. The cable will be stretched to…
With participation from Nir Eyal and creators of top businesses like Razorpay, Pine Labs, Snapdeal, Livspace, and others, Betafi, a unified user research platform, has acquired $1.3 million in pre-seed capital from Together Fund, Entrepreneur First, and Titan Capital. Nir Eyal, best-selling author of the book “Hooked” and a well-known thought leader worldwide, said, “I’m…
Autochek Financial Services has been launched, a new division of the company that will focus on offering a variety of vehicle financing solutions for individuals and businesses all over the continent. Autochek is an automotive technology company that is making car ownership more accessible and affordable throughout Africa. The Marketplace platform, which collaborates with automakers…
Goodwell Investments, a social impact investment company, has established its EUR150 million (US$154 million) uMunthu II fund with the goal of fostering the expansion of inclusive enterprises in the area. Goodwell Investments is an impact investment company that focuses on inclusive growth in industries that offer underprivileged populations in Africa and India access to basic…
In order to build its full-stack tech platform, grow its staff, and spur expansion across the Egyptian market, Cairo-based startup Grinta, a fintech-enabled B2B tech platform digitizing the pharmaceutical supply chain, has acquired US$8 million in a preliminary fundraising round. Grinta, a controlled marketplace founded in 2021 by Mohamed Azab, Yosra Badr, Ali Youssef, and…
Heifer International’s empowerment for young innovators and smallholder farmers in Nigeria under the agritech initiative AYuTe Africa Challenge started in August 2022 with over 600 entries. The challenge will be coming to an end with three finalists competing for the grand prize on November 30th at Eko Hotel & Suites, Victoria Island, Lagos. The AYuTe…
Smartprof, an online marketplace for children of school age that is based in Morocco and uses edtech, has received a pre-Seed investment round of $110,000 from Plug and Play, UM6P Ventures, and a few angel investors, in addition to the $50,000 raised earlier in July. It has the support of numerous organizations, including Startgate, the…
Startups from Africa that use innovation to address urgent challenges are encouraged to apply for the TechBridge accelerator program, which offers US$200,000 in investment and other support. In order to support startup growth, TechBridge promotes itself as a community of startups, knowledge partners, and investors. It has so far invested in various early-stage tech businesses…
Zoho, a software company, providing solutions for various segments of products clients, has said that its flagship product, the Zoho CRM, is an essential product for businesses that are desirous of recording huge sales, scaling, and optimizing their business processes. Mr. Kehinde Ogundare, Country Manager, Zoho Technologies Limited disclosed this last Wednesday while making a…
Sophos, a global leader in innovating and delivering cybersecurity as a service, today published its 2023 Threat Report. The report details how the cyberthreat landscape has reached a new level of commercialization and convenience for would-be attackers, with nearly all barriers to entry for committing cybercrime removed through the expansion of cybercrime-as-a-service. The report also addresses…
WhatsApp Polls, the newest group communication feature from the Meta-owned company, is now available to users on both Android and iOS. Polls and “Communities,” a feature that enables users to have many groups under a single roof to organize group talks, were recently added to the messaging app. In addition, WhatsApp had doubled the participant…
The Kenyan fintech firm Finplus Group has claimed that after five years of operation, its platform has processed transactions worth over US$1 billion. Finplus, a company founded in 2017 by Kageni Wilson and Bernard Banta, offers fully-managed software to assist financial service providers in running their businesses effectively and expanding in any market. With modular…
Making US$20k Monthly Recurring Revenue (MRR) with 1 full-time employee and two part-time co-founders: CEO working from overseas! Running a small software development company, we had our ‘breakthrough’ moment in 2019 when high-profile global bank awarded us a US$150k project. I needed to grow the team in order to meet the tight delivery timelines. With…
DeveloPPP Ventures, a startup program sponsored by the German government, has announced a grant of €100,000 for startups in Kenya and Tanzania to help them grow their impact-driven businesses. A project of the German Federal Ministry for Economic Cooperation and Development (BMZ), develoPPP Ventures is carried out by DEG Impulse and sponsored by Seedstars, a…
The internet super highway isn’t a one-way street. While everyone’s focus is usually on their download speed, there are countless reasons why influencers, content creators, and gamers shouldn’t treat upload speeds as an afterthought. “A recent Vuma 2021 Core End-User Research Study revealed that only 17% of respondents upgraded their fibre internet speed because they have large upload requirements….
The Central Bank of Nigeria (CBN) governor, Godwin Emefiele has issued a statement concerning the institution’s policy to introduce redesigned naira notes by the 15th of December 2022. This he said is as a result of continuous rise in the inability of banks to control the circulation of Nigeria’s naira notes, which poses as incompetence on the…
Critical stakeholders that attended this year’s Nigerian Peering and Interconnection Forum (ngPIF) have highlighted some insights and practical knowledge, which they believe will advance the economics of network interconnectivity in Nigeria. Conversations at the 2-day event, held on October 25th – 26th and which saw an attendance pool of over 400 infrastructure providers, connectivity stakeholders, content providers,…
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…