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,…
Contents Crypto Adoption Globally and in Africa Crypto Adoption in Africa: The Opportunities Which Countries in Africa Are Using Cryptocurrency the Most? What Africans Do With Their Crypto: Use Cases Top Cryptocurrencies Traded by African Users Crypto Adoption Challenges in Africa Conclusion: How to Expand Crypto Adoption in African Regions Crypto Adoption Globally and in…
The pre-seed raise by Herconomy will go down in history. The startup’s funding story rocked the tech industry last year. The community-based startup raised $600,000 in funding within 24 hours of Ife Durosimi-Instagram Etti’s post in order to scale its SaaS solution, which provided women with ongoing access to career prospects and discounts from selected…
In an effort to promote the service’s use as more than just a business application, Microsoft changed the name of its Office 365 service to Microsoft 365 in April 2020. According to the company’s FAQs page, Microsoft will now be eliminating the remaining Office branding from its Word, Excel, PowerPoint, and other apps. Users can…
The 2022 MEST Africa Challenge shortlist includes 36 firms from throughout the continent, 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…
Targeting small and medium-sized businesses with a focus on sustainable energy solutions in Ghana, Malawi, Morocco, and South Africa, Siemens Stiftung is launching its inaugural “SESA Call for Entrepreneurs” on behalf of the Smart Energy Solutions for Africa (SESA) Consortium. Applications are especially encouraged from women-owned businesses. Access to dependable, affordable, and sustainable electricity has…
Coinbase announced on Tuesday that it would use Google’s cloud infrastructure, while Google said it would rely on Coinbase to start allowing some users to pay for cloud services using cryptocurrencies early in 2023. Despite still being down more than 70% for the year, Coinbase shares increased as much as 8.4% on Tuesday. In a…
KuCoin, the leading global cryptocurrency exchange successfully completed 5 years in the industry as the ‘People’s exchange’, this year. Since its inception, the company has consistently witnessed fast paced growth. Currently, KuCoin serves 20 million crypto users in more than 200 countries and regions around the world. Along with the rapid growth in number of users,…
Change is constant. Private individuals and businesses experience this phenomenon. A disrupted environment is an atmosphere where unexpected events occur in a way that influence processes and procedures. Disruption could be positive or negative. For instance, an influence in marketing that led to tremendous sales is a disruption with a positive impact. Disruption can occur at any…
Nigerian health technology company Lifestores Healthcare has raised $3 million in a pre-Series A round led by Health54, the CFAO Group’s healthcare-focused corporate venture capital arm. A few previous investors as well as some new ones, such as Lionbear Conduit Capital, participated in the round, with Aruwa Capital Management serving as the supporting lead. The…
Booking site for beauty services in Egypt, Glamera, has secured a US$1.3 million seed round to support the growth of its business in the MENA region. Glamera, which was introduced in September 2019, enables users to schedule appointments with hundreds of contracted service providers in all areas of beauty, including salons, clinics, spas, gyms, and…
At the Pan African University Institute for Basic Sciences Technology and Innovation (PAUSTI), the Incubation Centre of Excellence, funded by the African Development Bank (AfDB), has opened its doors in an effort to foster and foster innovation, creativity, entrepreneurship, and connections with the private sector. Four master’s and PhD programs are offered through PAUSTI, a…
As business owners, we frequently encounter challenging circumstance when not every aspect of our organization is operating as it should to be scalable and attract investment. However, we are also aware that when launching a firm, we frequently lack the necessary manpower, financial flexibility, or industry-specific knowledge, making it difficult to find possible partners or…