Bitmama

Bitmama, a Nigerian blockchain payments startup, has raised $2 million in pre-seed funding as it expands into new markets.

ByTechTrends

Africa has the world’s third fastest-growing cryptocurrency market, with adoption increasing by more than 1,200% in the last two years. Countries such as Nigeria, Kenya, and South Africa are largely to blame for skyrocketing adoption rates as citizens seek to protect themselves from currency depreciation and build wealth. Despite African governments’ mixed feelings about cryptocurrencies,…

Egyptian startups

British International Investment is planning a $100 million investment in Egyptian startups.

ByTechTrends

British International Investment (BII), formerly known as CDC Group, the UK government’s development finance institution (DFI), has announced a plan to invest US$100 million in Egyptian startups over the course of its current strategy period. BII announced its future plans for Egypt at a business reception launching its new name, and reaffirmed its commitment to…

PEG Africa

PEG Africa, a Ghana-based solar energy provider, has been acquired by Bboxx.

ByTechTrends

PEG Africa, based in Ghana, is one of the largest providers of distributed energy in West Africa, and its acquisition by Bboxx solidifies the latter’s position as Africa’s leading super platform for essential products and services. PEG is a solar energy leader in West Africa, with operations in four countries, close to 100 service centers,…

NowNow

NowNow Secures $13 Million in Seed Funding to Promote Pan-African Expansion

ByTechTrends

Only 33% of persons worldwide are financially literate, indicating a poor level of financial literacy worldwide. The percentage of adults who are financially literate in African nations ranges between 26% (Nigeria) and 42%, according to Standard & Poor’s Global Financial Literacy Survey (South Africa). Comparing the percentage to that of Europe, where it is between…

BusyMed

South African e-Health Startup, BusyMed Secures Funding in new Round for Expansion

ByTechTrends

In order to accelerate its expansion goals, the South African e-health firm BusyMed has secured more money. BusyMed is enhancing communities all throughout the country’s access to pharmacies. Established in 2018, BusyMed gives consumers access to hundreds of items provided by nearby small pharmacies, including prescription drugs, which may then be delivered in 60 minutes…

Outsourcing

How Business Process Outsourcing Can Increase the Productivity of Your Workforce

ByTechTrends

?    What is Outsourcing in Business? ?    Types of Outsourcing ?    Areas of Workforce Outsourcing ?    Is Workforce Outsourcing ideal? What is Outsourcing in Business? Since 1989, businesses have used the outsourcing of labor to reduce costs that would otherwise be incurred, regardless of the efficiency of the business outsourcing is transferring responsibilities that should have been handled by in-house workforce…

Retail industry and Ransomware report by Sophos
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Retail Industry is the Second Most Targeted Industry by Ransomware in 2021, Sophos Survey Finds

ByTechTrends

08.09.2022 – Sophos, a global leader in next-generation cybersecurity, today published a new sectoral survey report, The State of Ransomware in Retail 2022, which found that retail had the second highest rate of ransomware attacks last year of all sectors surveyed after the media, leisure, and entertainment industry. Globally, 77% of retail organizations surveyed were hit—a 75% increase…

Google Black Founders

60 Startups Join Google’s Black Founders Fund Cohort II

ByTechTrends

According to a Google for Firms Black Founders Fund (BFF) for Africa announcement, 60 qualified black-founded startups from across Africa have been chosen for the second cohort. To enable them to expand their current work, the startups that join the program will receive a total of $4 million in investment and support. Every one of…

Metaverse Magna

Nigerian Gaming DAO, Metaverse Magna Completes $3.2M in a Funding Round

ByTechTrends

With a $30 million fully diluted valuation, the gaming DAO Metaverse Magna (MVM) from Nigeria raised $3.2 million in a seed sale token offering. MVM produces developer tools for Web3 gaming and distributes mobile games in developing African markets. The investors included Wemade, a South Korean video game producer, HashKey, Tess Ventures, LD Capital, Taureon,…

Binance

Binance is Planning to Establish a Crypto-Centric Hub In Nigeria

ByTechTrends

Nigeria and the Binance cryptocurrency exchange are working together to create a special economic zone that would be supported by the crypto industry. According to a recent CoinGecko survey, Nigeria was found to be the country with the highest level of crypto curiosity, which may have piqued Binance’s interest in the possibility of growing the…

Nigeria Internet Governance Forum
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Pantami Leads Industry Leaders to Nigeria Internet Governance Forum (NIGF2022)

ByTechTrends

For many Nigerians, the emergence of the COVID-19 pandemic has exposed the importance of the Internet and digital technologies as a critical part of daily living hence, the necessity to deliberate on the theme “Advancing Digital Transformation and Trust in Nigeria” as a community of Nigeria Internet Stakeholders. As digital transformation evolves, the focus from both the…

energy

The energy sector’s data challenge

ByTechTrends

Today, the energy industry works against enormous technical challenges to maintain safe and profitable operations. Energy companies also face familiar cost, performance, and efficiency imperatives as well as unprecedented social, political, and regulatory demands for sustainability. All these factors combine to create a fairly volatile market. The possibilities of untapped data Can big data transform…

data Kaspersky

TikTok breach: Comment from Kaspersky expert

ByTechTrends

“The first reports about the breach of TikTok appeared a few days ago. On the Breach Forums message board, an unknown user posted what was claimed to be screenshots from database tables with TikTok breach. As the user claims, they have stolen 2 billion database records, which could potentially affect an enormous amount of TikTok users. Some…

el-dokan

Egyptian e-Commerce Startup, el-dokan Secures $550,000 Pre-seed Round

ByTechTrends

A collection of local and regional investors, including EFG EV and Flat6Labs, 500 Global, and Hala Ventures, led a $550,000 pre-Seed round of funding for the Egypt-based enterprise e-commerce solutions startup el-dokan. Every retailer’s business strategy today includes e-commerce, and platforms and technology providers are vying to offer merchants the finest tools possible to help…

Thumela

Thumela, South African Startup Unveils Last Mile Deliveries Platform

ByTechTrends

A South African startup called Thumela has created a counter-to-counter last-mile logistics system to make it easier, quicker, and more affordable for e-commerce companies and people to send and receive packages. Thumela, a May launch, delivers packages using vetted and trustworthy public taxi drivers who follow predetermined routes. The logistics start-up uses tuck stores in…

3atlana

Egyptian Car Service App 3atlana Secures Seed Round for Expansion

ByTechTrends

An Egypt-based vehicle service app called 3atlana has raised a six-figure seed round from Ghabbour Auto, one of the country’s top automakers, to improve their AI system. Sherif El Adham, Ahmed Hassan, and Amr Hesham established 3atlana in 2020 with the goal of facilitating crucial auto services that drivers may require, such as scheduling maintenance,…

Binance
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Binance Charity Collaborates With Women in Tech to Roll out Free Blockchain Courses for Underserved Communities in Africa, Brazil

ByTechTrends

Women in Tech and Binance Charity, the philanthropic arm of the world’s largest cryptocurrency exchange and blockchain infrastructure provider, Binance, respectively, today announced a landmark global partnership to educate 2,800 women from marginalized communities in Brazil and Africa about blockchain technology. The first courses will be held in Rio de Janeiro, Brazil, and Cape Town,…

RiseBack

RiseBack.org, an Affordable EdTech Platform for African Students Goes Live

ByTechTrends

Following the successful debut of the EdTech platform RiseBack.org, which provided students in the USA with access to affordable higher education, Indian American social entrepreneur Dr. Tausif Malik has now introduced a similar platform for African professionals and students. RiseBack is a pioneering EdTech platform that offers undergraduate and graduate degree programs. RiseBack has partnered…

Anchor

Anchor, Nigerian Banking-as-a-service Startup Secure $1m Pre-seed Round

ByTechTrends

Nigeria’s Anchor has acquired over US$1 million in pre-seed funding and announced the opening of its public beta. Anchor is a banking-as-a-service (BaaS) platform that enables the seamless development of financial products across Africa. Olamide Sobowale, Segun Adeyemi, and Gbekeloluwa Olufotebi founded Anchor, which offers APIs for offering accounts, money movement, savings, and card goods….

Notion Technology logo
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Notion Technology Limited Opens New Office in Abuja

ByTechTrends

Notion Technology Limited (NTL), the representatives of American #1 Technology Company – Comway and Hsv Products in Nigeria, has opened a new office in Abuja. The multiple-award winning IT services company has commissioned a new office located at the Ground Floor, Ekiti House, Plot 1042, Kur Mohammed Street, Central Business District, Abuja, FCT. “Our vision is…

smfest 2022
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SMFEST Set to Hold its Second Edition in October 2022

ByTechTrends

SMFEST (Social Media Fest) has announced that its second edition themed “CREATIVE DISRUPTION” will hold on 22nd October 2022 at the Landmark Event Centre Owerri, Imo State. SMFest is a global annual conference that seeks to bring together the best and brightest minds in the world of technology. It is a platform that teaches its audience to…

Octiv

Octiv, Fitness Software Startup Secures Eight-figure Series A Round From Knife Capital

ByTechTrends

Octiv, a South African platform for managing gyms, has completed an eight-figure Series A fundraising round, which was headed by venture capital company Knife Capital. An executive from the cryptocurrency-powered banking network BVNK made an angel investment in this round, adding to the startup’s previous seed funding from South African angel investors. The investment will…

Flutterwave
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Flutterwave Obtains a Switching License from the Central Bank of Nigeria

ByTechTrends

Flutterwave, a major payments technology firm in Africa and in Nigeria, has announced that the Central Bank of Nigeria has granted it a Switching and Processing License (CBN). Flutterwave will be able to issue payment cards to customers directly thanks to the Switching and Processing license, as well as process financial transactions for other fintech…

Nigeria tops as Y Combinator S21 receives the highest number of African startups

3 More African Startups Join the Y Combinator S22 Batch

ByTechTrends

Seven of the 219 startups that have been disclosed so far are from the continent, and three more startups from the continent have been confirmed as members of the S22 batch of the famed Silicon Valley incubator Y Combinator. The S22 batch of the Y Combinator program, which helped launch businesses like Airbnb, Coinbase, and…

VC4A Venture Showcase

VC4A Unveils 14 Women Founders Eligible for the 2022 VC4A Venture Showcase Africa

ByTechTrends

14 founders have been chosen for the 2022 class of the flagship Venture Showcase program for women-led enterprises by VC4A, The Africa platform for startup investment. Each firm in the portfolio is aiming to raise $250K to $10M in Pre-Seed, Seed, and Series A funding. Speaking about the significance of highlighting these businesses, Ben White,…

business cashflow

How Businesses Can Generate Profits by Adopting Consistent Cash flow Mechanisms

ByTechTrends

There are many reasons why companies fail, and one reason for failure in business is the lack of funds, the exchange of money for the goods or services provided. There is no point in having a great product when its market value is zero, sooner or later, the competition for market share would shift to those who…

Mobile Power

Mobile Power Limited, Nigerian Alternative Power Company Secures £1 Million From All On

ByTechTrends

Mobile Power Limited has received a £1 million investment from All On, an independent impact investing firm with Shell funding, to support the expansion of its Pay-per-use battery sharing platform in Nigeria. Through its creative and cheap solutions, such as MOPO, an energy distribution platform, Mobile Power supplies clean and economical energy to the off-grid…

Pezesha, Kenyan Fintech Startup Closes $11 Million in Pre-Series A Round for Expansion

Pezesha, Kenyan Fintech Startup Closes $11 Million in Pre-Series A Round for Expansion

ByTechTrends

Pezesha, a Kenyan fintech startup, has raised $11 million in pre-Series A equity debt and expanded into Nigeria, Rwanda, and Francophone Africa. The equity round was led by Women’s World Banking Capital Partners II, with participation from Verdant Frontiers Fintech Fund, cFund, and Cardano blockchain builder Input Output Global (IOG). Talanton and Verdant Capital Specialist…