In an email received earlier today, the fintech startup Flutterwave announced that starting on Sunday, July 17, 2022, customers of Barter Card, a virtual dollar card service, will no longer be able to use it. According to the message, the service was terminated “due to an update from our card partner, which will result in…
Applications for the most recent iteration of the GrowUp Incubator Program, which seeks social business solutions for sustainable tourism and mobility in East Africa, are now being accepted by the Yunus Environment Hub (YEH). The Nobel Peace Prize winner Prof. Muhammad Yunus co-founded and serves as the executive director of YEH, a global social enterprise…
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Capacity building is the improvement of an individual’s or organization’s facility to produce, perform or deploy. According to the United Nation, Capacity building is the process of developing and strengthening the skills, instincts, abilities processes, and resources that organization and communities need to survive, adapt and thrive in a fast-changing world. Skill development and training are needed…
A $25 million funding commitment has been made to the Nigerian decentralized sports gambling platform Scorefam by the Bahamas-based investment company Global Emerging Markets (“GEM”) digital limited. Scorefam will be able to broaden its reach, develop additional cutting-edge features, and keep hiring highly qualified staff thanks to this financial commitment. According to Sofowora Babasola, COO…
Multichoice has introduced a brand-new training program to transform the African TV industry, elevating professional competencies and raising the standard of content for viewers throughout the continent. MultiChoice, local television stations in several African countries, and the MultiChoice Talent Factory, the company’s industry-development and training program, will work together on the effort. Fhulufhelo Badugela, CEO…
The Norwegian Investment Fund for Developing Countries (Norfund) and KLP, Norway’s largest pension company, through their joint company KLP Norfund Investments, have completed a US$40 million equity investment in CrossBoundary Energy (CBE), a developer, owner, and operator of commercial and industrial renewable energy systems in Africa. The $40M commitment supports the size and maturity of…
The Design Innovation Seed Fund (DISF) of South Africa is now accepting applications from designers, innovators, entrepreneurs, and product developers who have pre-revenue inventions for grant funding of up to US$47,000. The DISF is an initiative of the Craft and Design Institute (CDI), with assistance from the Western Cape Department of Economic Development and Tourism…
Aceplora, an Edutech company in Nigeria, has reaffirmed its commitment to providing training to help children and young adults be adequately prepared to benefit from the abundance of job opportunities in the global tech space as part of efforts to increase information technology knowledge in the nation’s ICT ecosystem. Aceplora will offer instruction in a…
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Sophos, a global leader in next-generation cybersecurity, has published a new sectoral survey report, The State of Ransomware in Education 2022. The findings reveal that education institutions – both higher and lower education – are increasingly being hit with ransomware, with 60% suffering attacks in 2021 compared to 44% in 2020. Education institutions faced the highest…
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MOMBASA, Kenya, July 14th 2022…Moringa is excited to have TechBridge Invest onboard as a partner to facilitate training of students outside Nairobi. This partnership will see students from Mombasa join the 20 week Software Engineering course offered by Moringa as part of the tech institution’s mission to build talent and opportunities through tech based learning….
Zazuu, an Africa-focused fintech startup, has raised $2 million, which will be crucial in the company’s mission to reduce the inconsistency associated with remittance transactions for Africans. Zazuu is building a non-biased payment platform for cross-border payment solutions for Africans in the diaspora. Launch Africa, Founders Factory Africa, Hoaq Club, Tinie Tempah, Jason Njoku, CEO…
A new service from innovative company SendSprint Technology Solutions, which connects members of the African Diaspora to family back home by facilitating quick, easy, and hassle-free international transfers, has been launched in the UK. The African Diaspora is estimated to make up 1.7 million people in the UK. Damisi Busari, a former Flutterwave strategy lead,…
Pre-seed funding of US$500,000 has been secured by Nigerian fintech company Swipe this year as it seeks to increase access to its numerous credit offerings. Swipe, a credit-focused software startup founded in 2020, supports businesses in Africa by offering credit solutions that permit company growth and expansion through credit purchasing. Its goal is to increase…
An deal to purchase Urbvan, a mobility platform that offers tech-enabled mobility services in Mexico, has been made public by Swvl Holdings Corp, a global mobility as a service provider. The startup from Egypt will use this acquisition to expand into Mexico, the second most populous nation in Latin America. One of the rare instances…
According to reports, WhatsApp is developing a new feature that would let users publish voice notes as status updates. Currently, WhatsApp status updates can include both images and videos. The change made by the instant messaging service owned by Meta would make it simpler for users to maintain audio notes as their status. The function…
An Open API Hackathon for African developers has been launched by the Mobile Money Application Interface (API) of MTN Group. The competition is open from July 18, 2022, to September 9, 2022. Developers will receive four weeks to submit their concept for cutting-edge financial and transactional software, which must use MTN Mobile Money APIs. It…
A Nigerian business called Bloc, which offers full-service FinTech and banking as a service infrastructure, has acquired Getwallets, a wallets-as-a-service provider that has just changed its name to Orchestrate, a payments orchestration company. Bloc will be able to concentrate on its main product strategy of providing seamless BaaS & banking services thanks to the strategic…
In order to reshape Africa by producing three million entrepreneurial leaders by 2035, African Leadership International (ALI) has agreed to acquire Holberton Inc., a Silicon Valley-based project-based college alternative that trains the next wave of software engineers. The acquisition will give ALI ownership of the program for advanced technology, enabling ALI to give international businesses…
Internet Technologies Angola (ITA), a supplier of telecommunications services in Angola, has changed its name to Paratus Angola, placing it under the parent firm Paratus Group’s larger network. The rebranding, according to a statement from the company, aims to align ITA’s brand identity with that of the larger Paratus Group in order to support its…
AfyaRekod, a Kenya-based health technology business, has unveiled the world’s first completely automated universal patient portal, which was created using blockchain technology. This portal will revolutionize patient care in Africa and around the globe. Patients and the medical staff caring for them would have real-time access to their health data and medical history through a…
The most recent rumors coming out of the WhatsApp development team suggest that the program may be working on a feature that would permit two phones to use the same account. In other words, two cellphones may be used simultaneously with the same WhatsApp account, which is now not possible. However, since it is currently…
Activant Capital, Valor Capital, Abstract Ventures, Acrew Capital, Upload Ventures, and a collection of angel investors from firms like Plaid, Kavak, Jeeves, Xepelin, iFood, and R2 announced a $30 million Series A fundraising round for one-click checkout eCommerce startup DEUNA. A $7 million seed round in October 2021 was included in the $37 million total…
Africa’s Climate Venture Builder, Persistent Energy Capital LLC, revealed that its Series C round of funding included USD 10 million in equity. With the help of Kyuden International Corporation and FSD Africa Investments, the raise was made possible, and it would allow Persistent to expand its climate venture building business in Africa. Six new private…
Pay-as-you-go (PAYGo) solar household systems are designed, produced, and sold by the Kenyan and Canadian business Solar Panda, which has secured US$8 million in Series A funding. The investment will be used to enhance the company’s product offerings, increase its presence in Kenya, and pave the way for future growth in Sub-Saharan Africa. The funding…
According to the startup, a funding round headed by Inflection Point Ventures netted $1.75 million for the content monetization platform ConsCent. Early-stage investors Vijay Sivaram, the former co-founder of Rivigo Gazal Kalra, and early-stage funds Varanium Capital, RiSo Capital, SucSEED Innovation Fund, Sigurd Ventures, AngelList, PitchRight Ventures, among others, took part in the round. Since…
Over the next three years, Huawei South Africa promises that its $5.8 million Cloud Spark programme will empower more than 1,000 small and medium-sized businesses (SMEs). A hybrid accelerator program for tech companies and SMEs is called Cloud Spark. For the implementation of the program, the company intends to collaborate with Silicon Cape, a non-profit…
A retail pharmacy in Nigeria called Med-Direct Africa has introduced its e-Pharmacy services in an effort to lower the cost of high-quality medications there while providing quick nationwide delivery. The website would make it possible for Nigerians from all socioeconomic backgrounds to purchase reliable medications online and have them delivered quickly to their preferred location….