At the Boma 2022 event, the African Union unveiled two major flagship initiatives: the African Vaccine Passport and eHealth backbone and a digital platform for quickening the AfCFTA‘s implementation. By using the PanaBIOS and UNDP-supported Global Haven protocols, the African Vaccine Passport enables every citizen of the African Union to obtain free digital proof of…
The ultimate close of Cathay Innovation and AfricInvest’s joint Pan-African Venture Fund, Cathay AfricInvest Innovation Fund, totaled €110 million. AfricInvest is an African multi-asset investing platform. The fund is supported by LPs like the EIB, AfricaGrow, FMO, Bpifrance, Triodos Investment Management, Proparco, SIFEM, BIO, and others, as well as a diverse group of well-known investors…
After a public beta launch from 500 Global, angel investors through Women Spark, and Falak Angels, Egypt-based Stllr Network has closed a six-figure funding sum. The KSA Ministry of Investment, former executives from Microsoft and Oracle, Accenture, Emkan, and the Digital Cooperation Organization are among the list of investors. Stllr was established in 2021 by…
Africa has a growing economy with a large and vibrant population. Consequently, innovative EdTech founders of African descent are not leaving any stone unturned to create platforms that promote a customized learning experience for users. Distance is no longer a barrier. More so, students can now learn at their own pace. The Covid-19 pandemic contributed…
According to parent company Meta Platforms, Instagram is getting a payment feature that will enable users to make purchases from small companies through direct messages. Users will be able to purchase products from a certified small company on Instagram without leaving the chat, claims the blog post. Before, users who wanted to ask a company…
In line with its commitment to inspire developers to “build the future of Africa on Web3”, Mara, the Pan-African blockchain platform, is announcing the launch of the “Hack The Mara” competition which will take place from 17th-26th of September 2022. The aim of the Mara Hackathon is to engage participants to create decentralised applications that…
The largest mobile network operator in Africa, MTN, and South African telecoms company Telkom have begun discussions regarding Telkom being acquired by MTN. The acquisition structure, according to the release, will involve MTN acquiring the entire issued share capital of Telkom in exchange for shares, cash, or a mix of shares in MTN and cash….
The first Kofi Annan Award for Innovation in Africa has been given to three entrepreneurs from Kenya, Nigeria, and Zimbabwe. Each will get a grant of EUR250,000 (US$250,000), international exposure, and long-term mentoring. The Kofi Annan Award seeks to assist in achieving UN Sustainable Development Goal 3: “Good Health and Wellbeing” with its emphasis on…
Cassava Technologies, an African integrated tech company, said today that C5 Capital (C5), a specialized venture capital firm that invests in cyber security, space security, and energy security, has made a $50 million investment in the company. The investment is a part of a larger funding round intended to hasten Cassava’s expansion. The money provided…
The enormous streaming service Netflix is experimenting with new techniques to prevent password sharing on its site. According to The Verge, the streaming behemoth released a new “Netflix Homes” option on Monday in Argentina, El Salvador, Horundas, Guatemala, and the Dominican Republic. As of August 22, 2022, Netflix subscribers who stream on TVs or TV-connected…
Cairo, 18 July 2022 – African Export-Import Bank (Afreximbank) has announced a grant to Grand Africa Initiative (GAIN) to train two hundred young African entrepreneurs on entrepreneurship and intra-African trade over a three-month period starting July 2022. The GAIN-Afreximbank Masterclass on Entrepreneurship and Intra-African Trade is a three-month programme designed to equip participants from across…
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Technically speaking, this is not Xiaomi’s first electric vehicle. The Xiaomi M365 electric scooter would be that. Um, honestly, here’s a fact to share with your buddies. Without being ironic, the Chinese juggernaut committed heavily to the market for electric vehicles last year, promising to spend $10 billion over the following ten years. The first…
Essie Mokgonyana has been appointed by SAS as the brand’s country manager and sales director for South Africa. This hiring is in keeping with SAS’s goal to invest in expanding the business in South Africa, which is motivated by the demand for advanced analytics, artificial intelligence, and cloud-based solutions. Essie Mokgonyana has more than 15…
Following its graduation from the third cohort of the Mohammed VI Polytechnic University (UM6P) Startgate and Plug and Play Morocco startup competition, the Moroccan edtech company Smartprof has earned $50,000 in investment. Hamza Faiz, Mustapha Faiz, and Ali Faouzi founded Smartprof in 2021 to provide a tutoring software for pupils in school. “This event is…
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DigsConnect, a South African digital student housing platform, has closed a pre-Series A round of funding to drive its global expansion with a focus on assisting African students in the UK and US acquire more reasonably priced, practical, and secure housing. The DigsConnect website, developed by Alexandria Procter and Greg Ramsay-Keal, enables landlords, estate agents,…
Technology for Social Change and Development Initiative (Tech4Dev) in Lagos, Nigeria, has announced that a total of 24 South African women have been accepted for the Women Techsters Fellowship class of 2023. The Women Techsters program seeks to narrow the gender gap in digital and technological literacy and to ensure that everyone has equal access…
The top accelerator and pre-seed impact fund for developing market entrepreneurs, Catalyst Fund, a global inclusive tech accelerator managed by BFA Global, has announced that FSD Africa has contributed $3.5M to underpin the Fund’s presence in Africa and scale its operations. With the help of FSD Africa, Catalyst Fund will invest in high-impact businesses that…
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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