AfriTECH
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NCC, Zoho, Digital Encode, Galaxy Backbone, others for AfriTECH 2.0

ByTechTrends

Stakeholders will gather in Lagos, Nigeria, on 09 November 2022 for another edition of Africa Tech Alliance Forum (AfriTECH 2.0) sponsored by Zoho Corporation, Digital Encode, Galaxy Backbone Limited, ESET, Layer3Cloud; including partners drawn from the Nigerian Communications Commission (NCC), National Information Technology Development Agency (NITDA), Nigeria Computer Society (NCS), and InnovationBed.Africa. Taking place both virtually and (physically)…

Jobtech

Jobtech Alliance Unveils Startup Accelerator Programmes to Enhance Standard of Living in Africa

ByTechTrends

The Catalyst Jobtech Accelerator and the Jobtech Innovation Lab are two new initiatives from the Jobtech Alliance, an ecosystem-building initiative around inclusive jobtech in Africa led by Mercy Corps and BFA Global. These initiatives are intended to support digital platforms that link people to employment opportunities that help them build livelihoods. The Jobtech Alliance, a…

Classera

Classera, Global Edutech Firm Secures $40 Million in a Series A Funding Round

ByTechTrends

Classera, an international edtech business that specializes on emerging markets, has secured $40 million in a Series A round, making it the most in EdTech history for a startup. The fundraising round is also the biggest one ever in edtech, MENA, and much of Africa. Sanabil Investments, a fully owned subsidiary of the Public Investment…

MoneyFellows

MoneyFellows, Egyptian Fintech Startup Secures $31m in Series B First Closing

ByTechTrends

MoneyFellows is a smartphone platform that digitalizes money circles, also known as Rotating Savings and Credit Associations (ROSCAs), which are also popularly referred to as “Gameya” in Egypt and other Arab nations. Through the platform, users may efficiently plan and manage their financial responsibilities and reach their financial goals. MoneyFellows provides a safe and practical…

Eskimi

Eskimi to host virtual conversation on Metaverse advertising in November

ByTechTrends

Leading Adtech platform Eskimi will be hosting a virtual conversation themed “Metaverse: Revolutionising advertising in a fast changing digital world” on Friday, 4th November 2022. The webinar will be led by top thought leaders in respective fields who will enlighten the public on the intricacies of the Metaverse and advertising as interests in exploring options…

AfreximBank
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AfreximBank Boss, ECOWAS, Diplomats and others to Speak at GAIN Youth Summit 2022

ByTechTrends

The President and Chairman of the Board of Directors of African Export Import Bank (AfreximBank) Professor Benedict O. Oramah; High Commissioner of Namibia to Nigeria, H.E Humphrey Geiseb; Ambassador of Cote D’Ivoire to Nigeria and ECOWAS, H.E Ambassador Kalilou TRAORE; Dr Tony Luka Elumelu, Ag. Director of Private Sector Development at the ECOWAS Commission, Nigeria as well as…

SHELT
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SHELT Inaugurates Cyber Security Operations Centre Extension in Nigeria

ByTechTrends

SHELT has announced the opening of its very own SOC in Nigeria, where it will serve as a local extension to its overseas and already established 24/7 SOC operation. This launch comes amidst the growing need of SHELT’s Nigeria branch to step into serving the local clientele through a team that is locally present and…

Binance
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Binance Partners With Utiva to Offer 1000 African Youth Scholarship for Tech Skill Training

ByTechTrends

The charity arm of cryptocurrency and blockchain infrastructure provider Binance, Binance Charity, has teamed with Utiva, an organization that provides technical education for young people in Africa. Through the new cooperation, 50,000 young people will receive technology education, and 1,000 Africans will receive scholarships for a one-year intensive skill training program. This educational program will…

Seqoon

Egyptian Proptech, Seqoon Secures $500,000 pre-Seed Round to Assist Innovative Startups

ByTechTrends

Real estate co-ownership startup Seqoon, located in Egypt, raised $500,000 in a pre-seed round through Banque Misr’s pilot program to promote cutting-edge entrepreneurs in Egypt. Several eminent angel investors also took part in the round. Omar Eldessouky and Mohamed Elkhatieb founded Seqoon in 2022, which enables consumers to co-own parts of a vacation property. The…

Startup Bill

Implications of the Startup Bill for Digital Businesses in Nigeria

ByTechTrends

Nigeria launching the Startup Bill is the latest buzz that has brought excitement to many including startup founders, employees and graduates. On October 19, 2022, President Muhammadu Buhari of Nigeria officially signed the Startup Bill into law, creating the Startup Act 2022. The Nigeria Startup Bill (NSB) project is a collaboration between the Nigerian tech sector and the Presidency…

Ecobank FinTech Challenge
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6 African Startups Emerge as Finalists of the Ecobank FinTech Challenge

ByTechTrends

Six African fintech businesses have been chosen as finalists in this year’s Ecobank Fintech Challenge in order to compete for the top prize of US$50,000 and admission into the Ecobank Fintech Challenge Fellowship program. The Fintech Challenge has offered entrepreneurs at various stages of development the option to work with Ecobank for the sixth consecutive…

Digital Africa

Application is now for the Open Equity Funding From Digital Africa, $48k Awaits Francophone African Startups

ByTechTrends

Early-stage businesses operating in francophone African nations are eligible to apply for equity capital from Fuzé, a Digital Africa investment facility, up to EUR50,000 (US$48,000). President Emmanuel Macron introduced the Digital Africa initiative in 2018, a French government-backed organization that supports African tech entrepreneurs. Businesses can receive EUR20,000 (US$19,000) in capital through Fuzé, which is…

Flourish Ventures

Flourish Ventures Unveils Afro-centric Pre-seed Investment Platform

ByTechTrends

The introduction of affiliate Madica, a structured investment program for pre-seed stage technology startups in Africa, has been announced by Flourish Ventures, a global venture capital firm investing in entrepreneurs building mission-driven fintech businesses. With more than $500 million under management, Flourish Ventures supports entrepreneurs whose inventions improve the financial security and prosperity of individuals…

MYDAWA

MYDAWA, Kenya’s e-Pharmacy Startup Announces Telehealth Platform to Help Prevent HIV

ByTechTrends

The first telehealth program in Kenya specifically designed for HIV prevention has been made available through the e-pharmacy platform MYDAWA. The University of Washington, Jomo Kenyatta University of Agriculture and Technology, Fred Hutch Cancer Research Centre, Jhpiego, and Audere have joined forces with MYDAWA to create the first end-to-end virtual healthcare solution for customers who…

AfriTECH
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AfriTECH 2.0: Outstanding Individuals, Organisations to be Honoured

ByTechTrends

Outstanding individuals and organisations in Africa shall be honoured as part of the activities lined up for this year’s Africa Tech Alliance Forum (AfriTECH 2.0) in Lagos, Nigeria. AfriTECH 2.0 is scheduled to be held on Wednesday, November 09, 2022 in Lagos, Nigeria; starting 9:00am under the theme: ‘Sustainability and The Company of the Future’. …

Affirmative Finance Action

Affirmative Finance Action for Women in Africa Campaigns for Financial Inclusion for Female-led Businesses

ByTechTrends

African Finance Ministers and Central Bank Governors were introduced to a new partnership that aims to increase financial inclusion for women-led businesses across the continent through the Affirmative Finance Action for Women in Africa (AFAWA) program of the African Development Bank and the Alliance for Financial Inclusion. The AFAWA-Alliance for Financial Inclusion partnership was introduced…

Gomycode

GOMYCODE, Africa’s Foremost edTech Platform Wraps up its Debut Multi-country Hackathon

ByTechTrends

The hackathon‘s “Upside Education” topic was the foundation for its simultaneous occurrence in 5 nations throughout the weekend of October 15–16. In order to maximize learning and make it efficient, advantageous, and enjoyable for both teachers and students, the theme encouraged participants to investigate ways to use new technologies to create a parallel universe of…

Moko

Kenyan Furniture Company, Moko Secures $6.5 Million

ByTechTrends

The Moko Home + Living furniture company in Kenya has just raised $6.5 million to expand. The Serie B debt funding round was led by Talanton, an American investment group, and the Swiss investor AlphaMundi Group. Along with Talanton and Novastar Ventures, other partners were Blink CV and Kenya’s Victoria Commercial Bank, which contributed $2…

Africa Health Tech Challenge

Apply: Second Edition of Africa HealthTech Challenge

ByTechTrends

The second Africa HealthTech Challenge has been announced by the HealthTech Hub Africa, which was established by the Novartis Foundation at the Norrsken House in Kigali. It is looking for high-impact innovators with business-to-government focused solutions and business models with the potential to significantly improve population health at scale. The HealthTech Hub Africa is an…

Yellow Card

Botswana Government Grants Yellow Card Crypto Licence to Kickstart Operation

ByTechTrends

Yellow Card, a pan-African cryptocurrency startup, has advanced the sector further by being the first on the continent to be given a license to operate as a Virtual Asset Service Provider in Botswana. The license was issued on September 29, 2022, by the Non-Bank Financial Institutions Regulatory Authority [NBFIRA], in compliance with Section 11 of…

Glovo

Glovo Unveils its Third Micro Fulfillment Centre in Nairobi

ByTechTrends

As the firm grows its “Quick-commerce” branch, Glovo, one of the top players in global multi-category delivery, has opened its third micro fulfillment center in Nairobi, Kenya. Customers can use Glovo to place orders from their preferred supermarkets and local shops thanks to Q-Commerce. With the opening of the third micro fulfillment center, Glovo is…

Dooka
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Dooka Joins Forces With Tradeshift to Launch Africa’s Biggest B2B Marketplace

ByTechTrends

A pan-African digital marketplace for business-to-business trade has been launched by Dooka in collaboration with Tradeshift, the worldwide network for digital trade. Dooka, which is offered on Tradeshift’s worldwide B2B commerce platform and which makes use of the Tradeshift® Marketplace Operator solution, makes corporate purchase as user-friendly and consumer-focused as home shopping. The Dooka marketplace…

Solv

Solv, B2B Supply Chain Financing Platform Starts Operations With Over $8.3m Credit for Lending by Financial Institutions

ByTechTrends

In Kenya, SC Ventures, the innovation, fintech investment, and ventures arm of Standard Chartered, has begun operating Solv, a business-to-business (B2B) digital platform. This platform will combine several services to alter the profitability, growth, and operational efficiency for Micro, Small, and Medium-Sized Enterprises through an open and inclusive trade ecosystem along the MSME value chain…

Moove

Moove, Nigerian Mobility Fintech Startup Secures $16.8m Financing Facility to Fast-track UK Operations

ByTechTrends

Following a successful debut in August, Nigeria-based mobility fintech startup Moove—largest Uber’s car supply partner in EMEA—has raised GBP15 million (US$16.8 million) in funding from Emso Asset Management to expand up its UK operations. By providing revenue-based car finance to mobility entrepreneurs, the Nigerians Ladi Delano and Jide Odunsi of British birth founded Moove in…

MEST Africa

10 Semi-finalists Emerge for $50k MEST Africa Challenge

ByTechTrends

The 2022 MEST Africa Challenge has chosen ten semifinalists, 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 entrepreneur Jorn Lyseggen. To…

Instagram
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Instagram Rolls out Fresh Updates to Protect Users From Abuse, Inappropriate Content

ByTechTrends

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…

Geidea

Geidea Joins Forces With Visa to Facilitate Digital Payments Across Egypt

ByTechTrends

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,…

investment
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How much initial investment in start-ups is creating unrealistic optimism and too little sustainability

ByTechTrends

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,…