To help artists get the much-needed income from their work in the Metaverse, Swiss venture capital firm CV VC has invested an undisclosed amount in South African metaverse startup SodaWorld. The SodaWorld platform, Sodaworld.tv, is a portal modeled after Twitch and Netflix that enables artists to interact with online viewers. The Venice Biennale, an annual…
To bring Web3 to a wider audience, which is still in its infancy, good dApps and projects are required. Polygon firmly believes in giving developers the platform and resources they need to create the future. The invitation to that future is the BUIDL IT hackathon. Polygon BUIDL IT is a premier virtual web3 hackathon put…
In accordance with the National Payment System (NPS) Act, 2011, NPS Regulations 2014, Virtual Pay International Limited, a Pan-African, omni-channel payment service provider, has been authorized to perform payment gateway services as a Payment Service Provider (PSP). With the aid of this license, Virtual Pay is able to provide local and international merchants with its…
Samsung Nigeria announced the next generation of groundbreaking foldable smartphones: Galaxy Z Flip4 and Galaxy Z Fold4. Both devices feature customizable form factors, tailored experiences, and upgraded performance. Now in its fourth generation, Galaxy Z series continues to break from convention to deliver new, impactful interactions that enhance everyday life. “Samsung Galaxy foldables are built on…
Nigerian fintech firm TeamApt recently secured more than $50 million in funding to increase the range of loan products it offers. TechCrunch reports that TeamApt is not giving this round a “letter.” The company is still reportedly trying to raise a Series C in 2023, thus it might be considered a pre-Series C round. Novastar…
DataProphet, a South African startup that utilizes artificial intelligence (AI) to help manufacturers automate their processes, has finished raising its US$10 million Series A round to speed up its international expansion. When Frans Cronje and Daniel Schwartzkopff, two friends from the University of Cape Town, decided to use their expertise in artificial intelligence to launch…
Zeepay, a challenger mobile money provider that specializes in cross-border payments, has announced financing of USD 10 million. The medium-term debt offering, which is a part of its A.5 series, would aid Zeepay in its effort to grow its rapidly expanding remittance to wallet business. Symbiotics BV spearheaded the financing with USD 9 million, while…
One of the top six Higher Education players globally, according to a new analysis on the global tertiary e-textbook and multimedia industry, is edtech business Snapplify. The pandemic and, more broadly, the pressure on institutions to adopt digital tools and get ready for the Fourth Industrial Revolution have both contributed to Snapplify’s significant growth in…
Most offices operate their days from 9:00 AM to5:00 PM which only lasts during the daytime and because the cost of running a shift by servicing the office at night with an equal number of staff if need be might be cost-intensive, most organizations suffice to the normal routine of running an office by the…
Before expanding across the continent, the Ugandan firm Tripesa is focusing on finding the right product-market fit. Tripesa was once known as RoundBob, an online travel marketplace that had to shut down as a result of COVID-19, which paralyzed the travel and tourism sector. However, Tripesa, which is developing infrastructure and logistics to support businesses…
As it attempts to finance share buybacks and investments to reform its business, Meta Platforms Inc., the parent company of Facebook, announced on Tuesday that it has raised $10 billion in its first-ever bond issue. The selling would assist Meta, the only major technology company without debt, in creating a more conventional balance sheet and…
The 25 businesses that will participate in Grindstone’s year-long program, which helps high-growth, innovation-driven tech start-ups become more investable, sustainable, and exit-ready, have been announced. Grindstone is situated in Cape Town. The program has two cohorts, one located in Cape Town and the other in Johannesburg, and it gives companies access to knowledge, networks, money,…
Among the 20 winners of the Migration Entrepreneurship Prize 2022 this year are firms from Nigeria, Ghana, Ethiopia, and Tunisia. The prize is awarded to socially-driven startups whose goal is to improve migrants’ inclusion in the Middle East and Africa. The Migration Entrepreneurship Prize, a public-private collaboration between Seedstars and the Peace and Human Rights…
This year, the 5th edition of the Connected Africa Girls Coding Camp was launched by ECA in collaboration with the government of The Republic of Namibia, UN Namibia, UN WOMEN, and the International Telecommunications Union (ITU). 100 participants from Namibia will physically attend this hybrid boot camp for young African women and girls between the…
Cote d’Ivoire and Togo are two new adjacent nations that the Nigerian solar-powered internet service provider Tizeti has stated it plans to operate in addition to expanding its operations within Ghana and Nigeria. Additionally, the corporation is thinking of listing its Nigerian subsidiary. The company is investigating an Initial Public Offer (IPO) in the stock…
The African Women Impact Fund (AWIF), a partnership between Standard Bank and the United Nations Economic Commission for Africa, has been awarded funding by Visa as of today (UNECA). The award will be used to meet the working capital requirements of 55 women who responded to AWIF’s call to action and have been a part…
The inclusion of coding as a subject in Kenya’s elementary and secondary school curricula was announced by the country’s president, Uhuru Kenyatta, last Friday at the State House in Nairobi. With this new breakthrough, Kenya becomes the first nation in Africa to permit the study of coding in the two early schools. At the event,…
New privacy capabilities for WhatsApp have been revealed, giving users “greater control over their chats and increased levels of safety when texting,” according to the company. The three new privacy features include the ability to leave group chats privately, the ability to choose who may see you when you’re online, and the ability to stop…
According to reports, the final stop of Google’s Equiano Subsea Cable, which aims to build a sea link between Europe and Africa, was Melkbosstrand in the Western Cape of South Africa on Monday. Initially, it was stated that the cable will arrive in South Africa by June 2022. The Equiano cable’s $14 billion voyage, which…
The top 50 finalists for the 2022 edition of Africa’s Business Heroes (ABH), a flagship philanthropic initiative launched by the Jack Ma Foundation to highlight and promote African businesses. The goal of Africa’s Business Heroes prize competition is to encourage and assist the next generation of African business leaders across all industries who are creating…
Zeepay, a Ghanaian mobile financial services firm that specializes in offering integrated mobile payment services, has raised $10 million, with Symbiotics BV leading the way with USD 9 million and a Mauritius-based fund investing USD 1 million, for a total of USD 10 million. The A.5 series medium term debt issuance is intended to help…
Dolos, a cybersecurity expert located in South Africa (formerly Panda Security Africa), has opened offices in Africa and the Middle East to provide cyber security solutions to its partners there. With a customizable program, a strong and broad product portfolio, and an ecosystem of technological integrations, Dolos offers MSPs and MSSPs a unique value proposition…
Anglo American, a mining firm based in South Africa, has started an incubator program through Zimele, it’s business development division. The program will primarily support young and female-owned firms in the North West, Limpopo, and Northern Cape provinces, which are close to the company’s operations. The objective is to assist 500 new firms in rural…
A seed round of $2.7 million has been secured by energy technology business Beacon Power Services (BPS), which provides data and grid management solutions to assist Africa’s power sector to distribute electricity more effectively. Seedstars Africa Ventures led the company’s seed round, which also included Persistent Energy, Kepple Africa Ventures, Factor[e], and Oridun Capital Management….
Qurious Labs, an Egyptian Web3-focused venture studio, has raised money from Openner in an effort to support fearless businesspeople in the MENA area who are developing Web3 businesses that leverage blockchain, virtual currencies, NFTs, and games to explore the Metaverse. Qurious Labs is able to collaborate with Web3 creatives and engineers that have incredibly low…
In order to encourage and hasten the digital transformation inside the boundaries of Nigeria, the continent’s most populous country, the Lagos State branch of the Global Shapers Community has launched an international cooperation with HP Life. The Project Digiterate program has been run by Global Shapers Community in Lagos for the past four years. The…
Licensed therapists may now be reached quickly and affordably via a platform created by the Nigerian business Blueroomcare. Blueroomcare, which was introduced around the end of last year, enables customers to speak with therapists via voice, video, and in-app messaging. Moses Aiyenuro, the startup’s founder and CEO, told Disrupt Africa, “We have a safe online…
The Digital African Women (TAW) program has officially launched with the aim of assisting and accelerating female-owned African tech firms as they transition from the concept stage to actual operations. Ethiopian, Senegalese, Tanzanian, and Tunisian female-led idea stage startups are invited to apply to participate in TAW, which is organized by the United Nations Economic…
Eko Innovation Center, Eko Carbon, and Commodity in collaborating with Generation Unlimited 9Ja on Friday, July 8th, 2022, launched the first climate mitigation hackathon tagged EkoClimathon 1.0. Eko Innovation Centre is one of the leading tech hubs in Nigeria, curating events like Art of Technology Lagos, and The Lagos Smart Meter Hackathon amongst others with Eko…
The assumption of business owners is to provide solutions that meet the needs of their customers, and as a result, raise the quality of lives of these customers as they use these products. Customers have had bad experience when a product that was promoted to meet certain need does not and leads to customers who become very logical before…