Youcef Oudjidane was the managing partner and head of EMEA (Europe, Middle East, and Africa) at Class 5 Global, a San Francisco-based venture fund with a keen interest in emerging markets, two years before co-founding Sudanese fintech Bloom after failing to find startups tackling currency depreciation in Africa to invest in. However, Class 5 was…
Jumia is a tech company that is constantly in the news. From diversifying into Q-commerce to expanding into other tech fields, the company’s accomplishments explain why it is the leading e-commerce platform in the African countries in which it operates. Jumia has now launched an integrated warehouse and logistics network facility in Nairobi, Kenya’s technological…
Binance, a leading blockchain ecosystem and cryptocurrency infrastructure provider, has launched a crypto education tour in five French-speaking African countries as part of its mission to drive blockchain adoption and increase financial accessibility in the region. Participants in the meet-ups learn the fundamentals of blockchain, discover how others are using crypto in their daily lives,…
Exits.me, a fintech investment banking marketplace with headquarters in Egypt, has secured $1 million in a Pre-Seed round. Baseeta Investments Holding & Mawelni Holding for Financial Investments, a collection of prominent Egyptian angel investors, Exits.me, a UK-based company, and the founders all contributed to the funding round. Exits.me, a company founded in 2022 by Mohamed…
According to Microsoft, the Windows 11 2022 update is now available for download and will be distributed in more than 190 nations worldwide. The business claims that it is prioritizing innovation in four critical areas: simplicity of use, productivity, connection, and security. This is the first significant upgrade to Windows 11. Along with updating and…
Women Who Build Africa (WWBA), an inclusive group of women and non-binary individuals working in or near the ICT industry, has started operating and hosting events. Thea Sokolowski, head of marketing at Stitch, and Gwera Kiwana, crypto founder in residence at MFS Africa, founded WWBA, which has chapters in several African regions. The objective of…
An online bank in Nigeria named Eyowo has announced the introduction of the “e Better Card,” a digital-first debit card. The Eyowo debit card is a numberless Mastercard that allows cardholders access to a secure and smooth payment experience by safely keeping their payment information in the Eyowo X mobile app. This eliminates the possibility…
All Nigerians can now access quick, easy, and affordable eNaira banking services using the USSD channel, which eliminates the need for data and is accessible on all handsets, thanks to a partnership between Clickatell and the Central Bank of Nigeria (CBN). Clickatell is a pioneer in CPaaS and a leader in chat commerce. In an…
With the debut of the nation’s first plugin made to aid in the battle against climate change, South African startup Curbon will enable carbon-neutral online purchasing with the aim of reducing carbon emissions. With every online purchase, customers can take direct, significant climate action thanks to Curbon’s innovative solution. The startup’s flagship product calculates the…
The Smart Africa Digital Academy (SADA), the capacity-building arm of Smart Africa, continues to grow its presence in Africa, with Côte d’Ivoire being the newest nation to gain from the program for developing digital skills. The program, which was started in collaboration with the Ministry of Communication and Digital Economy, will provide digital skills to…
Villgro Africa has asked innovative ideas that address the shortage of access to high-quality, reasonably priced healthcare in Africa to apply for financing and support. With the opening of Villgro Kenya, an early-stage business incubator and impact investor that provides mentoring, funding, and access to networks to startups in the healthcare and life sciences sector…
MetaFi, a UAE-based metaverse startup, has raised $3 million in funding from DoublePeak Group, Maven Capital, OKX Blockdream Ventures, Megala Ventures, Magnus Capital, Legion Ventures, SL2 Capital, X21 Digital, Good Games Guild, MetaGaming Guild, Mintable Go! Fund, and Athena Ventures. Matt Danilaitis founded MetaFi earlier this year to provide a full suite of services related…
Art of Technology Lagos is an annual tech conference curated by Eko Innovation Centre, one of the leading tech hubs in Nigeria, curators of events like MarkHack, Lagos Smart Meter Hackathon, EkoClimathon, Security Hackathon amongst others, in collaboration with the Lagos State Government – the economic and technology epicentre of Nigeria. The conference brings together technology…
SafeSenda, a Nigerian startup, has launched an app that simplifies the management, exchange, conversion, spending, and settlement of cryptocurrency into naira bank accounts. The SafeSenda app, which was launched earlier this year by Nkechi Iyke-Ukaegbu and Ikechukwu Ukaegbu, simplifies the process of managing and converting crypto assets through an easy-to-use interface. Ukaegbu stated that the…
PowerDFI, a Blockchain financial startup based in Wyoming, has acquired Naijacrypto, a Nigerian-owned cryptocurrency platform that initially targeted African markets. Naijacrypto is a cryptocurrency exchange that offers cryptocurrency spot trading, staking, cryptocurrency-backed loans, and numerous other blockchain-based services. It aims to close financial inclusion gaps by facilitating traditional financial activities through the blockchain. Tim Webb,…
Adobe is reportedly closing a deal to acquire Figma, a startup based in the United States that creates online design collaboration tools. According to reports, the transaction could be completed for around $20 billion, as Adobe seeks to expand its portfolio of collaboration-focused platforms geared for the hybrid-work era. The leading software company is increasingly…
The Internet Service Providers Association (ISPA), in collaboration with the Wireless Access Providers Association of South Africa (WAPA) and the Wireless Application Service Provider Association (WASPA), announces the launch of phase one of the ICT Skills Registry, a searchable database containing the profiles and skill sets of candidates interested in a career in the ICT…
ABUJA; 16.09.2022: Nigerian Software Testing Qualification Board (NGSTQB) has disclosed plans to host the first Software Testing Conference in Nigeria dubbed ‘TestNigeria Conference 1.0’. NGSTQB is a member of the International Software Testing Qualifications Board (ISTQB); the world’s leading organization for Certification of Professionals in Software Testing. NGSTQB was officially registered as a Board with the Corporate Affairs…
Grindstone, a South African accelerator, and Enterprise Singapore (EnterpriseSG) have announced a pilot program that would allow Singaporean tech start-ups to enter the South African market. The program will be administered by the Global Innovation Alliance (GIA), a network of Singapore and foreign partners in significant innovation hubs in 15 cities worldwide, according to a…
For the first time outside of Latin America, EBANX, a worldwide fintech company, intends to expand its payment gateway solution and business operations to Africa. The 10-year-old unicorn, which operates in 15 Latin American nations and has processed over $1 billion in payments, wants to concentrate initially on mobile money in Africa. The CEO and…
What does pitching in business entail? In business, pitching means presenting company concepts to another person. As an illustration, you might introduce your fledgling company to possible investors or your items to prospective clients. To get buy-in, a business pitch must clearly explain your strategy or objectives to the audience. Your goods and business are the subject…
Kenya, often referred to as Africa’s “Silicon Savannah,” is among the countries at the forefront of technological innovations in the region. The government has invested heavily in the information, communication, and technology (ICT) sector, recognising it as a key contributor to the country’s GDP. Despite these seemingly positive strides, we still live in a world…
Today, purpose-driven brands outperform those that are not. People want to feel that a brand has invested in them, its employees, the community in which it operates, or the environment. According to the findings of the 2021 Edelman Trust Barometer, 68% of consumers believe they have the power to force corporations to change, and 86%…
Leading fintech companies, investors, crypto platforms, initiatives, and stakeholders in digital finance will unite at the Africa Money & DeFi Summit – West Africa edition on September 27–28, 2022 at the Movenpick Hotel in Accra, as the birth of decentralized finance (DeFi) grows across Africa. 400+ attendees, 150+ companies, 50+ speakers, panel discussions, keynote addresses,…
According to an announcement from Sanari Capital, the Sanari 3S Growth Fund’s first close totaled $28 million (Sanari 3SG). Investments in South African businesses that are expanding quickly and have the potential to do so throughout Africa and the rest of the world are preferred by the private equity industry. Sanari 3SG will invest in…
The Janngo Funding Startup Fund (JCSF) announced its first closing on the eve of the 77th session of the UN General Assembly with capital commitments totaling EUR34 million (about US$36 million) (UNGA). In order to accelerate development and accomplish the SDGs in Africa, the fund management organization plans to invest about US$63 million (nearly EUR60…
A US$500,000 pre-seed funding round was disclosed by Nigerian real estate data analytics platform Estate Intel, which has now expanded into a number of other African nations. Estate Intel was founded last year. Estate Intel, which began as a real estate blog in 2016 with a focus on highlighting significant building projects in Nigeria, has…
The 10 firms selected for its initial cohort by Orbit Startups, a new initiative from US venture capital firm SOSV, include two from Nigeria. Orbit combines the already-existing SOSV programs Chinaccelerator and MOX and reflects their recent geographic expansion into Southeast and South Asia, the Middle East, Africa, and Latin America. GetFundedAfrica, a platform that…
A global internet payment gateway has been introduced by Ethiopian fintech firm Chapa, allowing companies to take payments from customers all around the world. With the help of Chapa, organizations and companies can take any local or foreign digital payment method from anyone, anywhere in the globe. Any current digital platform can incorporate its payment…
Auto24 is a direct-to-consumer used automobile firm that introduces new, creative technologies to ensure transactions are carried out in a transparent and secure manner. Auto24 is an African used vehicle startup, Africar Group, and Stellantis announce the opening of Auto24 activities in Abidjan, Ivory Coast. By 2030, there will be 1.7 billion people living in…