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…
“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…
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…
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…
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,…
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,…
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…
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 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 (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, 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…
The ability to edit tweets is a feature that has been desired by users for a number of years, and Twitter is now introducing support for it. On Thursday, the business disclosed that it would gradually roll out the eagerly anticipated edit button to a small group of Twitter Blue subscribers. Users will be able…
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…
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…
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,…
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 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, 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…
Twitter has announced that as of today, all users now have access to Twitter Circle. The feature was initially available to a small number of users in May, but anyone with an account can now create a Circle. Twitter Circles are simply a collection of a user’s most trusted followers. The user has control over…
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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