Africa GreenCo (GreenCo), a Zambian firm, has received $15.5 million in funding from InfraCo Africa, the Danish Investment Fund for Developing Countries (IFU), and the European Union’s Electrification Financing Initiative (EDFI ElectriFi). GreenCo Power Services, based in Lusaka, was established in 2020 with IFU and InfraCo Africa’s support (through its sister company, PIDG Technical Assistance)….
Sendy, a logistics startup based in Nairobi, has been selected one of the World Economic Forum’s “Technology Pioneers” for 2022. The World Economic Forum has identified the 100 most promising Technology Pioneers of 2022, companies that are addressing issues such as sustainability, climate change, healthcare, and other areas. These are early-stage to growth-stage enterprises from…
Through its non-profit initiative, the African Centre for Translational Genetics (ACTG), 54gene, the health technology company advancing African genomics research for improved global health outcomes, has completed its first consortium-led publication on over 100,000 Nigerians, as commissioned in 2020 at its launch. The Non-Communicable Diseases Genetic Heritage Study (NCD-GHS) consortium has published an article entitled…
Adeola Ajayi, the savings manager at Nomba, speaks in this interview on recent developments in the financial sector and shares his experience leading one of the largest fintech companies in the country. Adeola Ajayi is an emerging leader in Nigeria’s fintech sector. He has won a number of accolades, including the coveted Migration Entrepreneurship Prize…
Liquid Intelligent Technologies, a pan-African technology company, stated on Monday that it has signed a definitive agreement to buy Telrad, an Israeli technology firm. Networking, cybersecurity, cloud infrastructure, data centers, information technology, geoinformatics, and education are among the company’s cutting-edge technology solutions. “Telrad’s advanced patented technology in areas such as cyber security, data centers, and…
HAVAC, a South African venture capital firm, has announced the third and final closing of the HAVAC Universum Core African Fund, a US$20 million fund that will invest in early-stage technology startups in South, East, and West Africa. The HAVAC Universum Core African Fund is the company’s second pan-African investment fund, with a third and…
GoMetro, a South African logistics startup, has secured $1 million in a seed extension round to accelerate its growth, enhance its sales team, and aggressively expand into the South African, UK, and US markets. The investment round also included Kalon Venture Partners, Hlayisani Capital, Tritech Global, 4Decades Capital, and E Squared Investments. GoMetro is a…
“As a product designer, you’re bound to hit creative roadblocks and face executive hurdles, turning what should be an exciting process into a daunting challenge that stalls your design potential.” – Precious Nnamani Today, we spotlight Precious Nnamani’s journey from a budding designer to a seasoned professional who has successfully navigated the complexities of the…
Kenya Power, a power corporation, aspires to become one of Kenya’s largest internet service providers. The startup intends to package internet and electricity for business users. This will follow pilot tests with more powerful users. Kenya Power will have 8.59 million customers by December 2021, according to data, including small businesses and huge industrial clients….
AAIC Investment Pte. Ltd. (AAIC Investment), a Japanese investment corporation established in Singapore, is pleased to announce the First Closing of its second fund, Africa Innovation & Healthcare Fund VCC –AHF2, in March 2022. AHF 2 will begin investing and accepting subscriptions once it has reached its target of USD 150 million. The AHF2 was…
Elev8 education, a global leader in digital skilling and transformative education, has joined the Amazon Web Services (AWS) Training Partner program. Elev8 will deliver cloud computing skills training developed and maintained by AWS to enterprises and learners in Nigeria and Rwanda as part of this program. Many businesses have advanced their digital transformation plans this…
On May 4, 2022, Kidato Inc. CEO/Founder Sam Gichuru announced on Twitter that they are collaborating with Nailab on a kidatoschool children’s campus in Lavington, Kabarsiran Avenue. The campus will house the office and provide room for bi-weekly physical and social activities. “For their experiments, our tiny scientists now have chemistry, biology, and physics labs.”…
The American Society of Mechanical Engineers (ASME) is now taking submissions for the first round of its Idea Lab incubator, a new program that expands the scope of the ASME Innovation Showcase (ISHOW) hardware accelerator platform. ASME, a not-for-profit professional organization founded in 1880, facilitates collaboration, knowledge sharing, and skill development across all engineering disciplines…
Kwaba, a Nigerian fintech firm that helps low and middle-income earners divide their annual rent into manageable monthly installments, has received pre-seed capital to help it expand across Nigeria and Africa. Kwaba, which was founded by Obinna Molokwu in January 2020 and is aimed at Nigerians wishing to pay rent in a modern method that…
2021 was a truly transformative year for the mobile app industry. In light of multiple lockdowns as well as wholesale privacy changes affecting user acquisition on iOS, consumer habits and user behavior patterns have undergone immense change and impressive growth. But how have these challenges affected the app marketing ecosystem? Mobile app trends 2022 provides…
Orodata Science sets another significant milestone with the launch of its vaccine tracker, “Orodata Covid19 Vaccine Tracker” driven towards achieving equitable economic recovery by improving access to data. COVID-19 precipitated a global economic crisis, and even as wealthier nations are bouncing back, it is creating a great divergence between them and the rest of the world….
WhatsApp, the messaging app with over 3500 emojis, has introduced a new emoji ‘fast’ option. All users can benefit from this change, which allows them to respond to single messages with these new emojis. “Reactions on WhatsApp start today,” said Mark Zuckerberg, the Meta CEO, in a Facebook post. He also mentioned the possibility of…
Liquid Home Zimbabwe is the new brand identity of ZOL, Zimbabwe’s premier Internet Service Provider. This redesign symbolizes the natural growth of the well-loved house brand and its much-awaited integration with the parent brand – Liquid Intelligent Technologies , a subsidiary of Cassava Technologies. As part of the rebrand, Liquid Home Zimbabwe will ensure that…
The FT x Cardano Blockchain Challenge is looking for companies who are working on Cardano or are interested in using the Cardano blockchain technology and ecosystem, and will provide selected companies with access to a bootcamp and accelerator program. The FT x Cardano Blockchain Challenge is a collaboration between Cardano’s Project Catalyst, a community and…
VeelPay, a new fintech platform, is expected to launch soon to enable rapid money transfers from anywhere to anywhere in the world using cutting-edge encryption technology. The platform, which has been in stealth mode for some time, aims to allow users to send and receive money, store funds, pay bills via credit card or M-Pesa,…
Cape Town, South Africa, 4 May 2022 – The reality of today’s world is that employees are more mobile than ever, which means that their data is spread across more environments than ever before. Hybrid work is now cemented as the forever work style for many South African businesses, but with that flexibility comes a new…
The Financial Times (FT) has published its first annual ranking of Africa’s fastest-growing companies. In the twenty-first century global economy, the list covers companies that are forward-thinking, cutting-edge, and fast expanding. According to the report, South Africa has the most companies in the ranking, with 24, followed by Nigeria (20) and Kenya (14). (9). These…
Norebase, an African trade technology company that has built a single platform for firms to start, scale, and operate in any African country, has received $1 million in pre-seed funding from Samurai Incubate and Consonance Investment. Sahil Lavingia (Gumroad) and Kinfolk VC also contributed to the money. Future Africa, Ventures Platform, Microtraction, Boleh Venture, Voltron…
Phindor, a Kenyan startup, has released a next-generation shop assistant system that uses artificial intelligence (AI) to support local companies with record administration, data collection, and storage. Phindor originated as a website that helped customers find and compare prices for school supplies, but in 2018 it shifted its focus to data management and analysis. “We…
The Baobab Network, a Nairobi-based accelerator that invests in early-stage software firms across Africa, has announced its next cohort of five investees, each of which will receive US$25,000. After making five more investments as part of a new model, the Baobab Network has been propelling companies with capacity building and fundraising since 2019. It now…
Two years after abandoning its blockchain endeavor, The Open Network (TON) foundation has announced that users would be able to send crypto payments on Telegram. Telegram’s cryptocurrency operation was shut down when the Securities and Exchange Commission of the United States put too much pressure on the company, according to The Verge (SEC). Telegram now…
Ecobank Commercial Banking has launched the Ellevate Leadership Training Program in collaboration with the Global Business School Network (GBSN). The program is part of ‘Ellevate Equip,’ the brand name for all capability and training support initiatives for Ellevate by Ecobank, the bank’s gender financing program. Ellevate is a multi-award-winning solution for women-owned and managed businesses,…
On International Girls in Information and Communication Technology (ICT) Day, the African Development Bank’s Coding for Employment program announced that half of its initial training seats will be reserved for women candidates. The Coding for Employment program, which provides African youth with the digital skills they need to participate effectively to the global digital economy,…
Before being able to access Instagram, users are now required to enter their date of birth. The shift comes more than eight months after Instagram declared its intention to make age verification essential on its site and began requiring users to enter their birthday information. The main goal of the upgrade is to limit access…
As the billionaire entrepreneur tries to expand Twitter Inc’s reach from “niche” to most Americans, Elon Musk said on Tuesday that casual users will always be free, but commercial and government users may be charged a small fee. “Twitter will always be free for casual users,” Musk wrote in a tweet, “but there may be…