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…
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…