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….
A South African venture capital firm called Futuregrowth has announced intentions to launch the Futuregrowth High Growth Development Equity Fund (HGDEF), which will concentrate on funding firms with a significant positive impact on development. Futuregrowth is a leading developmental investor and South Africa’s eighth-largest asset management organization with more than 50 fund products, more than…
The Unmention tool, which Twitter has launched, will give users more control over their mentions on the social networking platform. You can now use the functionality to keep yourself out of talks that you don’t want to take part in. The function is now available across all platforms and gadgets. Starting earlier this month, Twitter…
A pre-seed funding round for CreditChek, a Nigerian lender, raised $240,000 under the leadership of Atom Capital, with contributions from Aidi Ventures, Ham Serunjogi of Chippercash, Olumide Ogunsanwo of Adamantium Fund, Damola Adegboyega of Assembly Investors, Isaac Ewaleifoh of Launch Africa Ventures, and Ogundiran Kayode. The company said that with the help of this money,…
Endeavor has closed Endeavor Catalyst Fund IV, a $292 million venture capital fund, and it still intends to invest in the businesses throughout the world that are run by Endeavor Entrepreneurs. Endeavor Catalyst Fund IV was the company’s largest fund to date when it closed, exceeding its original $200 million to $250 million goal. Additionally,…
In order to extend its drone delivery services abroad and increase manufacturing of the Wingcopter 198, the most effective eVTOL delivery drone in the world, Wingcopter, a German manufacturer and service provider, has raised $42 million. German investors Salvia and XAI technologies joined the board as new shareholders, as well as the German retailer REWE…
Persistent has provided cash to the Ghanaian e-mobility business SolarTaxi in order to expand its product line. SolarTaxi is an electric two-wheel (e-2Ws) and four-wheel (e-4Ws) vehicle manufacturer and distributor that Jorge Appiah founded in 2018. These cars are used for delivery and transportation services. The company also has operations in Kumasi, Takoradi, and Tamale….
Wave Mobile Money, which operates in Senegal and Côte d’Ivoire to cut costs and increase services in the area, has received money from the IFC, a division of the World Bank, to promote financial inclusion and assist economic growth in Senegal and Côte d’Ivoire. With the support of financing from IFC and other lenders, Wave…
For an unknown sum, South African data analytics, consulting, and software platform Principa is being purchased by Mauritius-based technology investment holding company Hyperclear from Apex Partners Holdings. In order to finance its acquisition plans, which are concentrated on businesses with Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) of up to R250 million, Hyperclear recently…
The third edition of The Future is Female Programme, a PR and communications mentorship program devoted to the business development needs of African tech female innovators, has been released by New York-based public relations (PR) firm C. Moore Media. The Future is Female Program seeks to offer the insights, knowledge, and abilities in PR and…
Elon Musk, the CEO of Tesla and the richest man in the world, announced on Friday that he was canceling his $44 billion bid to acquire Twitter because the social media business had broken numerous merger agreement clauses. Bret Taylor, the chairman of Twitter, said on the microblogging site that the board intended to file…