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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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…