Anglo American, a mining firm based in South Africa, has started an incubator program through Zimele, it’s business development division. The program will primarily support young and female-owned firms in the North West, Limpopo, and Northern Cape provinces, which are close to the company’s operations. The objective is to assist 500 new firms in rural…
A seed round of $2.7 million has been secured by energy technology business Beacon Power Services (BPS), which provides data and grid management solutions to assist Africa’s power sector to distribute electricity more effectively. Seedstars Africa Ventures led the company’s seed round, which also included Persistent Energy, Kepple Africa Ventures, Factor[e], and Oridun Capital Management….
Qurious Labs, an Egyptian Web3-focused venture studio, has raised money from Openner in an effort to support fearless businesspeople in the MENA area who are developing Web3 businesses that leverage blockchain, virtual currencies, NFTs, and games to explore the Metaverse. Qurious Labs is able to collaborate with Web3 creatives and engineers that have incredibly low…
In order to encourage and hasten the digital transformation inside the boundaries of Nigeria, the continent’s most populous country, the Lagos State branch of the Global Shapers Community has launched an international cooperation with HP Life. The Project Digiterate program has been run by Global Shapers Community in Lagos for the past four years. The…
Licensed therapists may now be reached quickly and affordably via a platform created by the Nigerian business Blueroomcare. Blueroomcare, which was introduced around the end of last year, enables customers to speak with therapists via voice, video, and in-app messaging. Moses Aiyenuro, the startup’s founder and CEO, told Disrupt Africa, “We have a safe online…
The Digital African Women (TAW) program has officially launched with the aim of assisting and accelerating female-owned African tech firms as they transition from the concept stage to actual operations. Ethiopian, Senegalese, Tanzanian, and Tunisian female-led idea stage startups are invited to apply to participate in TAW, which is organized by the United Nations Economic…
Eko Innovation Center, Eko Carbon, and Commodity in collaborating with Generation Unlimited 9Ja on Friday, July 8th, 2022, launched the first climate mitigation hackathon tagged EkoClimathon 1.0. Eko Innovation Centre is one of the leading tech hubs in Nigeria, curating events like Art of Technology Lagos, and The Lagos Smart Meter Hackathon amongst others with Eko…
The assumption of business owners is to provide solutions that meet the needs of their customers, and as a result, raise the quality of lives of these customers as they use these products. Customers have had bad experience when a product that was promoted to meet certain need does not and leads to customers who become very logical before…
Banks cannot be everything to everyone. There are limits within formal banking environments that make it difficult for these financial institutions to serve all customers. For instance, many people seeking loans or favourable savings products struggle to provide collateral or afford the fees that would satisfy the regulations and requirements governing a traditional financial institution….
In June 2022, Mdundo.com, a music streaming business with a Kenyan base, reported 20.3 million monthly active users, exceeding the revised monthly target of 19 to 20 million subscribers and increasing by 74% from June 2021. For the fiscal year that ends in June 2025, the company, which unveiled its 2025 strategic direction in June…
According to recent data from the Russian cybersecurity company Kaspersky, social engineering and phishing scams were far more common in Africa in Q2 2022 than they were in Q1 2022. 10,722,886 phishing assaults were discovered in Africa in Q2 by the company’s security solutions, a 234 percent increase over the first quarter. The fastest surge…
A $5.6 million Series A fundraising round, headed by Mucker Capital, was successfully completed by Proto, a Canadian company that offers artificial intelligence (AI) customer experience solutions. Current shareholder Yolo Investments also participated in the round. The company helps contact center operators automate client interactions in their local tongues, including the National Bank of Rwanda,…
Global crypto bank Xend Finance, based in Nigeria, has announced the release of SwitchWallet, a free public wallet infrastructure, and XendBridge, a crypto payment API. A platform that offers everyone access to the global money market so users may save and invest in safe currencies has been developed by Xend Finance, which in 2019 participated…
In order to concentrate on reels, Facebook will discontinue its live shopping function in October. Beginning on October 1, 2022, you won’t be allowed to hold any new or scheduled Live Shopping events on Facebook, according to Meta’s blog. However, you won’t be able to make product playlists or tag products in your Facebook Live…
The second annual bootcamp for aspiring African game developers, GameUp Africa 2, has started. GameUp Africa 2 is a training program for prospective game creators that is run by Maliyo Games, a renowned game development studio. Its goals are to upskill African youth in the fundamental skills needed for Android game creation while supporting the…
Homzmart, an online marketplace for furniture and home goods located in Egypt, has raised a $23 million pre-Series B investment, increasing its total capital to roughly $40 million. In 2020, former Daraz COO Mahmoud Ibrahim and former Jumia head of logistics Ibrahim Mohamed founded Homzmart, a platform that enables furniture suppliers and merchants to communicate…
Cashlinq is a banking platform software as a service developed by Mugonat Systems Inc., a Zimbabwean software development and consultancy company that offers enterprise software solutions, website services, mobile apps, e-commerce, and chatbots. Cashlinq aims to empower entrepreneurs across the continent to offer superior banking services by making it simple for them to access high…
ZohoDay – Austin, Texas — Zoho Corporation, a leading global technology company, announced achieving a rate of 38% year-over-year growth and surpassing the 80 million user mark. In addition to ongoing global expansion, the company continues to grow its product portfolio and make investments in automotive, robotics, and health care technologies. Zoho also celebrated opening 59 new global hub-and-spoke…
A $1 million seed round extension has been announced by Youverify, an identity verification firm with offices in San Francisco and Lagos, to increase its capacity from 400 million to 2 billion identities. LoftyInc Capital and Orange Digital Ventures (ODV) took the lead in the expansion round. Along with Octerra Capital, other investors included Plug…
A US$2.5 million seed round has been raised by the Cape Town-based Skrmiish, a mobile “play-to-earn” software that allows players of all skill levels to earn money in every match they play across the AAA+ games they like. MoneyMatch, a feature created by Skrmiish and released in 2021, enables users to earn real money in…
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African businesses can now manage all of their operations and data in one digital space thanks to the Nigerian startup GreenBii, which was created as an offshoot of the ed-tech platform Traindemy. The company behind Traindemy, which provides consumers with access to online courses offered by technical and vocational schools to help them develop marketable…
African startups, accelerators, and incubators are invited to the Japan Innovation Bridge (J-Bridge) Launch event with the theme: “The Future of Innovation in Africa – Securing Business Opportunities Through Collaboration with Japanese Companies” by the Japan Ministry of Economy, Trade, and Industry (METI) and the Japan External Trade Organization (JETRO). A business platform called Japan…
Quality African companies looking for finance now have access to capital through the cutting-edge crowdfunding website GoGetta. With merely R1000 or more, local and foreign angel and venture capital investors can now choose from pre-screened possibilities and make rapid, risk-free investments to acquire shares in a variety of African companies. Co-founder of GoGetta Sthembiso Zwane…
The HerMeNow accelerator program has asked women-led social entrepreneurs in Africa and the Middle East and North Africa to apply if they are creating significant solutions for culture, attitude, and education. The three-month HerMeNow program, which is entirely virtual, offers technical, financial, and mentorship support to 10 women-led social entrepreneurs in the accelerator phase as…
The third Google News Initiative Innovation (GNI) Challenge winners have been revealed by Google, and they include 34 media platforms. These award winners, who come from Turkey, the Middle East, Israel, and Africa, were chosen for their commitment to advancing inclusion, equality, and diversity in the journalistic sector. 21 awardees from ten African countries were…
The Fintech Incubation Programme was introduced by Co-creation Hub in Rwanda in December 2021, with the first cohort’s completion scheduled for July 2022. The second cohort of beneficiaries is about to be accepted into the project, which is supported by Google, the Mojaloop Foundation, and the Rwandan government. Eight (8) startups will receive support from…
TeamApt, a fintech business in Nigeria, announced its Series B investment in July 2021. Global Ventures, Oui Capital, Kepple Africa Ventures, Gbenga Oyebode, and a few more angel investors and venture capitalists participated in the round. The Oui Capital Mentors Fund II, a $30 million fund, is being launched today by Oui Capital, one of…
A $250k pre-seed round of funding has been raised by EVOLUTICS, a Nigerian start-up that provides software solutions to insurance providers for life, general, and health insurance. The round was led by Mercurial Advisory and Dinku Transnational of Dubai. The money will be used to give industry participants access to digital infrastructure for life, general,…