The first telehealth program in Kenya specifically designed for HIV prevention has been made available through the e-pharmacy platform MYDAWA. The University of Washington, Jomo Kenyatta University of Agriculture and Technology, Fred Hutch Cancer Research Centre, Jhpiego, and Audere have joined forces with MYDAWA to create the first end-to-end virtual healthcare solution for customers who…
Outstanding individuals and organisations in Africa shall be honoured as part of the activities lined up for this year’s Africa Tech Alliance Forum (AfriTECH 2.0) in Lagos, Nigeria. AfriTECH 2.0 is scheduled to be held on Wednesday, November 09, 2022 in Lagos, Nigeria; starting 9:00am under the theme: ‘Sustainability and The Company of the Future’. …
African Finance Ministers and Central Bank Governors were introduced to a new partnership that aims to increase financial inclusion for women-led businesses across the continent through the Affirmative Finance Action for Women in Africa (AFAWA) program of the African Development Bank and the Alliance for Financial Inclusion. The AFAWA-Alliance for Financial Inclusion partnership was introduced…
The hackathon‘s “Upside Education” topic was the foundation for its simultaneous occurrence in 5 nations throughout the weekend of October 15–16. In order to maximize learning and make it efficient, advantageous, and enjoyable for both teachers and students, the theme encouraged participants to investigate ways to use new technologies to create a parallel universe of…
The Moko Home + Living furniture company in Kenya has just raised $6.5 million to expand. The Serie B debt funding round was led by Talanton, an American investment group, and the Swiss investor AlphaMundi Group. Along with Talanton and Novastar Ventures, other partners were Blink CV and Kenya’s Victoria Commercial Bank, which contributed $2…
The second Africa HealthTech Challenge has been announced by the HealthTech Hub Africa, which was established by the Novartis Foundation at the Norrsken House in Kigali. It is looking for high-impact innovators with business-to-government focused solutions and business models with the potential to significantly improve population health at scale. The HealthTech Hub Africa is an…
Yellow Card, a pan-African cryptocurrency startup, has advanced the sector further by being the first on the continent to be given a license to operate as a Virtual Asset Service Provider in Botswana. The license was issued on September 29, 2022, by the Non-Bank Financial Institutions Regulatory Authority [NBFIRA], in compliance with Section 11 of…
As the firm grows its “Quick-commerce” branch, Glovo, one of the top players in global multi-category delivery, has opened its third micro fulfillment center in Nairobi, Kenya. Customers can use Glovo to place orders from their preferred supermarkets and local shops thanks to Q-Commerce. With the opening of the third micro fulfillment center, Glovo is…
A pan-African digital marketplace for business-to-business trade has been launched by Dooka in collaboration with Tradeshift, the worldwide network for digital trade. Dooka, which is offered on Tradeshift’s worldwide B2B commerce platform and which makes use of the Tradeshift® Marketplace Operator solution, makes corporate purchase as user-friendly and consumer-focused as home shopping. The Dooka marketplace…
In Kenya, SC Ventures, the innovation, fintech investment, and ventures arm of Standard Chartered, has begun operating Solv, a business-to-business (B2B) digital platform. This platform will combine several services to alter the profitability, growth, and operational efficiency for Micro, Small, and Medium-Sized Enterprises through an open and inclusive trade ecosystem along the MSME value chain…
Following a successful debut in August, Nigeria-based mobility fintech startup Moove—largest Uber’s car supply partner in EMEA—has raised GBP15 million (US$16.8 million) in funding from Emso Asset Management to expand up its UK operations. By providing revenue-based car finance to mobility entrepreneurs, the Nigerians Ladi Delano and Jide Odunsi of British birth founded Moove in…
The 2022 MEST Africa Challenge has chosen ten semifinalists, and the winner will receive US$50,000 in equity capital. MEST is a pan-African software and entrepreneurship training program, seed fund, and incubator that supports the establishment of technology firms all over the continent. It was established in Ghana in 2008 by serial entrepreneur Jorn Lyseggen. To…
Instagram, a social networking site owned by Meta Platforms, announced on Thursday that it would improve capabilities that allow users to block abusive and troll accounts. By extending a function introduced last year that only permitted the barring of any new accounts that they may create, all Instagram users will now be able to block…
In order to deliver Geidea’s sophisticated payment solutions to the Egyptian market, the company has established a strategic agreement with Visa, the global leader in digital payments. Geidea is one of the leading Fintech businesses in the region by market share. To provide smooth and secure payment options for merchants and SMEs across the nation,…
PwC is pleased to release the first PwC Africa Annual Review 2022 report which tells the story of a remarkable year and focuses on our impact, value creation, strategy and related performance for the financial year ended 30 June 2022. The report is a reflection of how our network of firms has navigated complexity, responded to…
Start-ups require capital to establish a business. Capital is the amount of initial investment plus any interest accrued early. The initial investment of a company initiative is the sum required to get things started. Both internal and external sources of funding are used by start-up founders. Many times, a lot of work goes into starting a business,…
The African IT sector has been growing steadily in recent years. With roughly a thousand acquisitions expected this year, venture capital on the continent is anticipated to surpass $7 billion, making it an anomaly in the current global funding slowdown. Startups continue to fail due to a lack of access to money, mentorship, and a…
B2B pharmaceutical platform i’SUPPLY, based in Egypt, has secured US$1.5 million in a pre-seed round to expand throughout the Middle East and Africa. Ibrahim Emam, Malek Sultan, and Moustafa Zaki founded i’SUPPLY in 2021 with the goal of digitising the pharmaceutical industry by offering a one-stop-shop solution to promptly anticipate and deal with supply chain…
Bumpa, a Nigerian e-commerce startup, has announced a $4 million raise in its recently concluded seed funding round. Plug & Play Ventures Commerce Fund, SHL Capital, Jedar Capital, Magic Fund, DFS Labs, FirstCheck Africa Angel Program, E62 Ventures, Club14, and Fast Forward Ventures also participated. Base10 Partners served as the round’s lead investor. Bumpa has…
More than 360 African entrepreneurs have signed up for the second class of the Alibaba Netpreneur Training program, which is run by Alibaba Global Initiatives (AGI), the professional training division of the Alibaba Group. Since its debut in 2019, the Alibaba Netpreneur Training Programme has successfully trained close to 1,500 entrepreneurs across Africa, Europe, Latin…
MaxAB, a B2B e-commerce and distribution platform for food and grocery products that serves a network of conventional merchants in Egypt and Morocco, has announced the closing of a $40 million pre-series B equity transaction to support its growth throughout the MENAP area. The round included a number of new investors, including British International Investment…
The six businesses chosen for the second cohort of the Fintech Incubation Program have been announced by Co-Creation Hub (CcHub), in association with Google, Rwanda’s Ministry of ICT and Innovation, and Mojaloop Foundation. The three-month Fintech Incubation Programme is meant to assist young technology companies developing products aimed at boosting financial inclusion. Nine firms were…
Flexibility is currency in the new working world. Organisations and employees alike are eager to capitalise on the opportunities offered by technological advancements and shifts in working culture. We are witnessing a significant evolution in the types of work people do, and where and how work gets done, as work moves beyond traditional paradigms. The…
The MENA region’s and Egypt’s mass e-commerce solution, Kenzz, announces the successful completion of a US$3.5 million seed fund campaign. Outliers Venture Capital, a venture capital firm that supports early-stage outlier creators in the US and MENA, led the funding round. Other investors, including angel investors, were Foundation Ventures, Samurai Incubate, and HOF Capital, a…
Ampersand, an e-mobility provider of sustainable transportation solutions in East Africa, and Bboxx, a platform that facilitates access to vital goods and services, collaborate to expand Ampersand’s e-mobility program in Rwanda. The program is now being implemented in Kigali, Africa’s greenest city, after a successful initial experiment in the nation. Over the next few years,…
Hakeem Fahm, Honourable Commissioner of Science and Technology at Lagos State Government, will deliver the keynote address at the Nigerian Software Testing Qualification Board (NGSTQB) first Software Testing Conference in Nigeria codenamed ‘TestNigeria Conference 1.0’. Mr. Fahm is an experienced network infrastructure director with a demonstrated history of working in the information technology and services…
Applications are open for the fourth cohort of the Africa Digital Accelerator Program brought to you by SME Growth Lab AFRICA. Through this program, established business owners across African countries would share equal access to business training, mentorship, and support to take their businesses to a higher level. Successful applicants will have a remarkable experience participating in a…
Sophos, a global leader in innovating and delivering cybersecurity as a service, today launched new third-party security technology compatibilities with Sophos Managed Detection and Response (MDR) to better detect and remediate attacks with speed and precision across diverse customer and operating environments. The industry-leading service with more than 12,000 customers now integrates telemetry from third-party endpoint, firewall, cloud, identity, email, and…
To support the expansion of its activities, the Egyptian B2B trucking marketplace Trella has obtained an additional sizeable finance facility from ALMA Sustainable Finance (ALMA) and the US International Development Finance Corporation (DFC). Trella, a transportation marketplace and B2B technology platform, links shippers and carriers in real-time. The firm, which operates across the Middle East…
A new dangerous variant of the well-liked YoWhatsApp WhatsApp messaging mod was found by Kaspersky researchers. This mod spreads the infamous Triada mobile Trojan, which may download other Trojans, issue paid memberships, and even steal WhatsApp accounts. It is well-known for having functionality that the official software does not provide. In the past two months,…