Sharwa, an Egyptian startup, has raised $2 million in seed funding as it prepares to launch its mobile app, which it claims is the first social commerce app in the Middle East. Sharwa, founded earlier this year by Alaa Shalaby, Hassan Elshourbagi, and Mohamed Hanafy, offers customers low prices on approximately 1,000 grocery, appliances, and…
At the start of the year, the government and its agencies, most notably the NTSA, announced the release of new digital number plates for vehicles. Following the launch of the plates by outgoing Interior CS Fred Matiang’i, the day has finally arrived. The plates have two notable improvements: first, they now have security features that…
The e-track programme, a three-phase venture acceleration program run by UCT GSB solution Space, has chosen fifteen African startups to participate. Venture Launch, the first stage of the most recent iteration of the e-Track Program, began about five weeks ago. It is managed by the UCT GSB Solution Space. UCT GSB is a specialist centre…
The development of technology has increased from year to year. One of which is a cryptocurrency, a digital currency that has become a trend worldwide. Cryptocurrencies have made considerable growth in value and popularity. Therefore, more and more blockchain companies are popping up everywhere. It makes the competition between blockchain companies even more challenging. They…
Global analytics leader, SAS has partnered with three South African universities to launch the Teachers4DataAnalytics program, a teacher training initiative that aims to reach hundreds of teachers and provide them with the knowledge and tools to inspire their students to pursue careers in data analytics. Teachers4DataAnalytics will also form part of a bigger SAS driven program focused…
In what appeared to be a hopeful challenge to Slack, the social messaging app WhatsApp revealed in April that it was working on a new ‘Communities’ feature, a method for different groups to come “under one umbrella.” The function is now accessible to beta testers. Over the past few months, the Meta-owned messaging platform has…
The 25 finalists for the third iteration of The Future is Female Mentorship Program, the first PR and communications mentorship program specifically for African female startup innovators, have been revealed. In comparison to the applications submitted in the 2021 edition, the program received 343 applications from 36 different African nations in this edition, a 91%…
The third cohort of Startupbootcamp, a global start-up accelerator, is now accepting applications. Fast-track scouting events are scheduled to take place in more than ten African nations prior to the opening of AfriTech. This comes as the top pan-African digital accelerator received support from the Dutch Entrepreneurial Development Bank (FMO). With 19 programs offered in…
SubsBase, an Egyptian subscription, and recurring revenue management platform has raised US$2.4 million in a preliminary round of funding to boost its growth across the MENA region and to speed up product development. SubsBase is a cloud-based subscription, recurring revenue, and billing management platform that provides organizations with collection, operational, analytics, and billing solutions to…
To make it easier for Nigerians and other Africans to make overseas payments, fintech companies frequently provide virtual foreign bank accounts. In a recent development, Grey, a fintech in this category that gives African freelancers and remote employees virtual foreign bank accounts, said that it had acquired $2 million in seed capital. Grey was established…
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There are many variations of passages of Lorem Ipsum available but the majority have suffered alteration in that some injected humour.
Mungenow Technologies, a startup based out of Buea (popularly referred to as Silicon Mountain), Cameroon has launched a guest house booking platform aimed at helping travelers to and across Cameroon’s major cities and eventually the rest of Africa to find verified and affordable places to stay during their trip no matter what their budget is….
The fifth Ecobank Fintech Challenge has been announced by pan-African banking organization Ecobank Group, which invites African Fintech business owners to participate. A top prize of US$50,000 in cash and the ability to partner with and scale their solutions throughout Ecobank’s 33 African markets are up for grabs for fintechs that are in line with…
On Wednesday, Binance, one of the top blockchain ecosystems in the world and a prominent provider of cryptocurrency infrastructure, announced the opening of a crypto teaching center in Yaoundé, Cameroon. The center will collaborate with non-profit digital hub Inoni tech to offer resources and training to young people throughout Francophone Africa. The hub will be…
According to Russian internet security company Kaspersky, more Microsoft Office vulnerabilities are being exploited globally than in Q1 2022. These attacks represented 82 percent of all platform-specific exploits in Q2 2022. The most recent Kaspersky quarterly malware report supports this. The company claims that a rise in assaults using MS Office vulnerabilities was also observed…
More than 33 million users use the password manager LastPass, however, it was recently compromised after an unauthorized person gained access to the developer environment and took the company’s source code and confidential data. According to LastPass, no passwords are believed to have been stolen as a result of the incident, therefore users won’t need…
The launch of MTN heralds some intriguing applications across numerous industries, but the technology will only be accessible in a few significant cities. The service may not reach your neighborhood even though it will reach several major cities. The company’s website states that 81 locations in Lagos, 42 in Abuja, 30 in Port Harcourt, and…
A US$15 million first close of Microtraction’s second fund has been announced. Microtraction is an early-stage venture capital firm that invests in African technology firms at the pre-seed level. Yele Bademosi and Kwamena Afful started Microtraction in 2017, and with the help of PAVE Investments, Michael Seibel, Andy Volk, and Chris Shultz, they have since…
Johannesburg, 23rd August 2022 – The second edition of the Afrifursa Fintech Summit, AFRIFIN, will be held on September 22, 2022. After an inaugural edition that registered more than 440 participants and top-tier stakeholders from the global fintech space, as well as rising stars of the African fintech ecosystem, the AFRIFIN virtual summit now launches its 2nd…
The recently formed DigiFemmes Entrepreneurs program aims to equip female company owners in the Ivory Coast with data and digital skills to support the expansion of their enterprises. The DigiFemmes program, which supports existing women-led small and medium enterprises (W-SMEs) in their growth efforts, builds a strong pipeline of new W-SMEs, and collaborates with ecosystem…
According to reports, WhatsApp is releasing a new upgrade for Android cellphones that allows users to build communities. According to reports, the feature is now only accessible to a select group of beta testers. A communities tab was previously seen being developed on the communication platform owned by Meta. According to reports, this future feature…
South Africa is the first country in Africa that Google Wallet will serve after it underwent a recent rebranding from Google Pay. With the help of Google Wallet, users can send and receive money directly from their Android phones and smartwatches. It functions as a virtual wallet. With the most recent update, customers may now…
The global energy sector is experiencing a significant transition. Many energy and natural resource organisations are navigating a shift towards diverse renewable energy sources, setting out aggressive strategies for net zero and forging new paths to recruiting and protecting their workforce. This has resulted in Energy 4.0 emerging as the most direct route to achieving…
35 female business owners from nine different African nations made up the first cohort that successfully completed the Ecobank Ellevate Leadership Training Program. This program, which is impact-driven and innovative, is made to provide women entrepreneurs with the leadership skills they need to better themselves, their companies, and their communities. The Commercial Banking Division of…
For the second round of the e-Track Programme, a three-phase venture acceleration program conducted by the UCT GSB Solution Space in collaboration with ayoba, fifteen startups from across the continent have been chosen. The most recent e-Track Program kicked off five weeks ago with the first phase, Venture Launch. It is managed by UCT GSB…
EKO INNOVATION CENTRE, EKO CARBON, AND COMMODITY, IN CONJUNCTION WITH GENERATION UNLIMITED 9JA TO ROUND OFF EKOCLIMATHON 1.0 HACKATHON WITH A CLOSING CEREMONY ON 26TH AUGUST, 2O22 Shortlisted 10 Teams will be pitching their ideas to 5 Final Jurors for a chance to win prize money, equity investment from Partner VC firms, and acceleration from…
Analytics leader SAS has joined forces with SingleStore to help organisations remove barriers to data access, maximise performance and scalability, and uncover key data-driven insights. SAS® Viya® with SingleStore enables the use of SAS analytics and AI technology on data stored in SingleStore’s cloud-native real-time database. The integration provides flexible, open access to curated data to help…
Today, the $300 million strategic investment made by the United States International Development Finance Corporation was drawn for by the pan-African data center company Africa Data Centres (ADC) of Cassava Technology (DFC). According to the corporation, the initial $83 million would be used to expand ADC’s data centers in South Africa. According to ADC, subsequent…
An electric bus made by the Kenyan business Roam is aimed at the public transportation system. 90 passengers can board the electric bus, known as Rome Rapid, which provides space for both standing and sitting passengers. The company claims that it wanted to provide a transportation solution that is inclusive, contemporary, effective, and sustainable. According…