The Kenya Development Corporation (KDC) has teamed up with the Kenya Association of Manufacturers (KAM) to help the manufacturing sector’s small and medium-sized businesses recover. KDC revealed that it has initiated a plan to engage SMEs countrywide to sensitize them on KDC’s products and services in order to understand their financial needs during the engagement,…
The cost of cybercrime on Africa’s gross domestic product (GDP) is estimated to be $4.1 billion by 2021, according to Kenyan cybersecurity startup Serianu. Throughout the Covid-19 issue, the region has been badly struck, with threat actors taking advantage of weak networks and insufficient cybersecurity policies in several countries. “We are noticing a rise in…
Kemi is a co-founder of Babymigo, a Nigerian femtech firm created in 2017 with the goal of increasing access to high-quality pregnancy and parenting information. It works by providing a digital platform via which prospective, pregnant, and nursing moms can connect with peers and specialists, as well as locate local health and social resources. Overall,…
Vantage Health Technologies and the Institute of Human Virology Nigeria (IHVN) have joined to build an AI-enabled Patient Retention Solution, which has resulted in a breakthrough and renewed hope for patient retention in the region. Sub-Saharan Africa is home to 25 million – or 67 percent – of all HIV-positive people, with 8.1 million of…
Appetito, an on-demand grocery retail company based in Cairo that delivers food to customers from a small network of dark stores, announced the acquisition of Lamma, a similar company based in Rabat and the Greater Tunis area of Morocco and Tunisia, on Tuesday. The purchase is slated to finalize in the third quarter of 2022,…
Talk360, an international calling app that allows users to make dependable and economical calls to any landline or mobile phone in the globe, has raised $4 million in preparation for the launch of a new pan-African payment platform in mid-2022. Leading African venture capital investor HAVAC, 4Di Capital, and numerous famous fintech angel investors led…
Following successful operations in 17 locations throughout the world, Grubtech, a leading tech and cloud kitchens management solutions company located in the United Arab Emirates, has announced plans to open operations in Cairo, Egypt. Grubtech, the winner of the best food technologies platform award in 2021, has appointed Osama Harfoush as its national manager, who…
The Upbeat centre in Admiralty Way, Lekki, Lagos, was packed with children on Saturday, May 28. It wasn’t simply because it was a weekend, either. CashBox, a digital savings platform that encourages people to “make saving a habit,” gathered children to debut its newest feature, KidsBox. The app’s new function was created to teach kids…
Digital Africa is a mission-driven effort funded by the French government with the goal of assisting African tech entrepreneurs and innovators by offering technical assistance, financing projects and enterprises, and establishing a regulatory climate that encourages African innovation. Digital Africa has expanded to a community of 6,000 African entrepreneurs across multiple sectors since its debut…
The African Institute of Mathematical Sciences in Ghana has signed a Masters Sponsored Research Agreement (MSRA) with Google Research, with the goal of pushing scientific research forward in fields such as artificial intelligence. As part of their continued commitment to collaborate and improve computing and technology in Africa, the agreement aims to strengthen the collaboration…
You’ll be able to edit text messages you’ve already sent in the near future. On the Meta-owned messaging network Whatsapp, this has been one of the most desired features. For the time being, users must either append an asterisk to a sent message or erase the entire message to correct typos. The edit button will…
The GoGettaz Agripreneur Prize is now accepting applications from African agri-tech firms. The prize aims to uncover Africa’s finest young agri-food entrepreneurs and will pay US$50,000 in cash to each of the two winners. The GoGettaz Agripreneur Prize honors agribusinesses that advance agriculture and food via technology, creativity, and enthusiasm. The organizers are looking for…
Maisha Meds, a Kenyan-based digital pharmacy network that offers pharmacies, drug stores, and clinics business management software and reimbursement programs, as well as patient support through its point-of-sale pharmacy app, has reached 1,000 active locations, making it one of the largest digital pharmacy networks in Sub-Saharan Africa. Maisha Meds, which has operations in Kenya, Uganda,…
Shopstar, a local e-commerce platform, has received third-round funding from Launch Africa Ventures, indicating the start of the company’s next phase of expansion. The cloud-based e-commerce platform, which is proudly South African, assists local entrepreneurs in creating an online store and growing their business by providing easy-to-use, professional services that enable them to trade economically….
AfricInvest, a prominent investment platform engaging in private equity, venture capital, private credit, and listed equities, has announced the final close of its AfricInvest Fund IV, which raised $411 million in total commitments. AfricInvest has raised more than $2 billion to fund nearly 200 firms in various phases of development across three continents over the…
Finclusion Group, a sub-Saharan African fintech platform, has received an undisclosed investment from the Cairo Angels Syndicate Fund (CASF). CASF’s fourth overall investment and third on the African continent will be made with this investment. CASF is a micro venture capital fund that invests $100,000–$250,000 in post-seed and pre-series A firms in the Middle East…
M Auto, a’mobility as a service’ startup, has raised an undisclosed amount of money from Africa Transformation and Industrialisation Fund (ATIF), an Africa-focused investment fund, to launch in Togo and Benin, making it Africa’s largest electric vehicle startup with 500 e-bikes on the ground and 3 000 ready for market. M Auto’s objective is to…
The USAID Trade Hub has co-invested $1.2 million in ShEquity to invest in and support over 100 high-potential women-owned or led businesses. According to Pauline Koelbl, Founder and Managing Director of ShEquity, women entrepreneurs are vital to Africa’s success because they control more than 40% of the continent’s small and medium-sized businesses. In comparison to…
Betastore, a Nigerian business, has received $2.5 million in pre-series funding. By the end of the year, the company hopes to expand to Ghana, the Democratic Republic of Congo, and Cameroon. 500 Global, VestedWorld, and Loyal VC contributed to the fund, bringing the total amount raised to $3 million. “We believe Betastore’s talented team is…
When a small business owner is juggling production economics, financial reporting, and marketing, cybersecurity might seem complicated and, at times, pointless. Cybercriminals, on the other hand, are taking advantage of this lack of concern for IT security. Researchers from Kaspersky compared the dynamics of assaults on small and medium-sized firms between January and April 2022…
YouTube Go will be decommissioned in August. A message on Google’s help page officially confirmed the move. Users of YouTube Go should upgrade to the normal YouTube app, according to Google. They can also go straight to the webpage using the Web browser. For consumers with low-end hardware or weak data connections, the YouTube Go…
Ayoken, a non-traditional marketplace for creatives, has raised $1.4 million in pre-seed capital to help users diversify their revenue streams by selling digital artifacts. Ayokenlabs, the startup’s marketplace, will showcase digital collectibles from singers, sports brands, and influencers throughout the world. Joshua King, the founder and CEO of Ayoken, told TechCrunch that the marketplace serves…
Social media giant Facebook has planned to shut down its podcast platform less than a year after its launch. According to a report, the audio podcast platform’s closure is confirmed and it is speculated that the closure will altogether close on June 3. The move is part of a broader re-evaluation of Facebook‘s audio products. The company…
Grey, a Nigerian finance firm, has announced a partnership with Cellulant to expand its service to East Africa, starting with Kenya. Grey’s offerings, which include overseas bank accounts, rapid currency conversion, and international money transfers, are now available to Kenyans. In conjunction with Cellulant, Grey has expanded its services into East Africa, beginning with Kenya,…
Cloudfret, a Moroccan logistics and transportation business that connects loaders and carriers, has raised $1 million in capital to extend its operations in European and African markets. Plug and Play, PRC Ventures ICAV, Azur Innovation Fund, AfriMobility, and business angel Khalid Zitouni all contributed to the fundraising, which raised the company’s valuation to US$20 million….
Elon Musk revealed in a tweet on Friday that Starlink, his space exploration company’s satellite internet service, has been licensed in Nigeria and Mozambique. This announcement comes three days after Musk responded to a tweet regarding the service’s debut in Africa. “Yes, first African countries to be named soon,” he tweeted. “Everywhere on Earth where…
LAGOS; MAY 27, 2022: Ndukwe Kalu Foundation (NKF), a non-for-profit organization aimed at promoting knowledge in Information and Communication Technology (ICT) and proper use of internet among the youth, has called for improved and equal physical and online protection of children. The Foundation, speaking on the occasion of Children’s Day 2022, observes that the exponential…
According to a joint statement released by the South African government and the African Development Bank, the United Kingdom, the United States, France, Germany, and other European Union countries have pledged an initial amount of $8.5 billion to South Africa to fund the country’s long-term ‘just transition’ process to reduce the carbon intensity of the…
Since entering the African market less than ten years ago, Uber, a worldwide ride-hailing services provider, has completed one billion journeys. On the continent, it has traveled over 10 billion kilometers. The organization is making significant progress on the African continent, including providing job opportunities as well as safer and more convenient transportation options. Uber…
Esaal, one of the region’s major technological platforms for online health and wellness consultations, has closed the final tranche of its $1.7 million Seed fundraising round headed by A15. This round takes the company’s total funding to $3 million since its inception in 2018. Esaal will use the funds to continue expanding across the MENA…