Sophos

Red Flag for Ransomware: Attackers Are Using the Log4Shell Vulnerability to Deliver Backdoors to Virtual Servers, Sophos Research Shows

ByTechTrends

OXFORD, U.K. – March 31, 2022 – Sophos, a global leader in next-generation cybersecurity, has released findings on how attackers are using the Log4Shell vulnerability to deliver backdoors and profiling scripts to unpatched VMware Horizon servers, paving the way for persistent access and future ransomware attacks. A new technical paper, “Horde of Miner Bots and Backdoors Leveraged Log4J to…

waste

How two Nigerian companies are using technology to transform the reuse of waste

ByTechTrends

Wura is a mobile app that allows you to give and receive used stuff from people in Nigeria that are close by or far away. Clothing, books, shoes, jewelry, headphones, and other products may be included. On the app, you may give away anything that is still useful and valuable. After multiple scheduling problems, I…

Shujaa

Kenya’s New Cyber Shujaa Program To Equip 2,000 Youth

ByTechTrends

A cyber training project has been launched by USIU-Africa, Kenya Bankers Association, and Serianu. The program will train 2,000 people, bolstering Kenya’s cyber security capabilities. The training program, dubbed Cyber Shujaa, is unique in that it develops and implements a standardized cybersecurity employment framework. It acts as a link between industry and educational institutions. It…

Techiva Technologies

Nigeria’s Techiva Technologies bags SheTrades Hackathon with a cash prize of $10,000

ByTechTrends

Techiva Technologies, a Nigerian IT consulting firm, was named the winner of the SheTrades Hackathon and received a cash reward of $10,000. In July 2021, the International Trade Centre (ITC) and the International Telecommunication Union (ITU) established the “ITC SheTrades Hackathon,” an opportunity for entrepreneurs all around the world to leverage technology for sustainable growth…

Tushop

Tushop Completes $3M Pre-Seed Funding to Boost Community Group-Buying in Kenya

ByTechTrends

Tushop, a Kenyan social-commerce site that allows Nairobi residents to buy goods for less money with free delivery, has raised $3 million in a pre-seed round. JAM Fund, Breyer Capital, Chandaria Capital, TO Ventures, Golden Palm Investments, FirstCheck Africa, and DFS Lab were among the investors in the round, which was led by 4DX Ventures….

Khazna
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Egyptian financial super app Khazna completes $38m in Series A round to boost expansion

ByTechTrends

Khazna, an Egyptian financial super app that provides underprivileged consumers and micro-businesses with easy-to-use, technology-driven financial services, has received a Series A round of US$38 million in stock and debt to accelerate its expansion efforts. Khazna was launched in 2020 as an earned income access product, but it has since evolved into a multi-product that…

Skills Gap

Bridging the Skills Gap in Institutions of Higher Learning in Nigeria

ByTechTrends

What is Skill Gap?  The concept of skill gap characterizes the divergence that currently exists in what potential job prospects are required of and what is being offered. Skill Gap Analysis is a method of determining which skills and knowledge gaps exist between the workforce system in Nigeria and its students of higher learning. On a general note, the…

Telkom

Telkom and PEACE Cable Company Launches New High-Speed Submarine Cable in Kenya

ByTechTrends

PEACE Cable, in collaboration with Telkom, Kenya’s third largest telecoms company, has landed a new submarine cable in Mombasa. The PEACE Cable aims to provide more reliable and stable communication services between Africa, Europe, and Asia. This new cable will link France to Pakistan via the Europe-Asia route, as well as Mombasa, Kenya. It will…

NowNow

NowNow is working on a financial literacy program ‘for all Nigerians’

ByTechTrends

NowNow Digital Systems, a fintech founded by Sahir Berry in 2018 that provides payment gateways to merchants, announced Wednesday at a media event at its Lagos office that it is now ready to “put a face behind the brand” and expand to everyday Nigerians. American finance personnel, Matt Francis, who joined the company this year…

intella
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Egyptian Market research startup, Intella completes $1 million Seed round for expansion

ByTechTrends

Intella, the Middle East and North Africa’s first real-time intelligence provider, has announced a $1 million seed funding round led by Hala Ventures and Falak Startups, with participation from the Egyptian Ministry of International Cooperation and its venture capital arm, Egypt Ventures, as well as the Egyptian Ministry of International Cooperation. Other investors have also…

Sticitt
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SA fintech startup, Sticitt secures oversubscribed round of seed funding

ByTechTrends

Sticitt, a South African fintech startup, has received an oversubscribed round of seed funding to help it grow. Sticitt, which was co-founded in January 2018 by Theo Kitshoff, Mitch Dart, and Dennis Wevel, simplifies payments within the South African education market with its simple payment system, Sticitt Pay, which offers niche communities an alternative payment…

Xpovi

Egyptian Robo-advisory startup Xpovi completes $300,000 pre-Seed round for expansion

ByTechTrends

After closing a USD300,000 Pre-Seed Round led by StrategicAngel Investors, Xpovi, a Robo-advisory startup, plans to scale-up autonomous financial and business planning services. Xpovi, a newly formed startup, began operations with the release of its “Automated BusinessPlanning” solution, which enables early-stage startups to build financial models and business plans with a few clicks using a…

Otida

Egyptian Startup Otida completes $340k in Pre-seed Round for expansion

ByTechTrends

Otida, an Egyptian health-tech startup, has raised $340,000 in a pre-seed round led by Texas-based VC Lofty Inc., with participation from Flat6Labs Cairo, Afropreneurs, Jedar Capital, OQAL Angel Investors, UI Investments, and some angel investors. Otida is a diabetes app that acts as a nutritionist, fitness coach, and physician for diabetic patients who are struggling…

Grindstone

SA startups can start applying for the latest edition of Grindstone accelerator

ByTechTrends

Grindstone, a South African business accelerator that provides selected companies with access to a structured entrepreneurship development program, is now accepting applications. The Grindstone Accelerator is a structured entrepreneurial development program co-owned by VC fund manager Knife Capital and Thinkroom Consulting, with primary funding from the SA SME Fund. Grindstone Ventures, a ZAR100 million (US$6.5…

CredPal completes $15m debt equity funding, set for Ghana, Kenya expansion

CredPal completes $15m debt equity funding, set for Ghana, Kenya expansion

ByTechTrends

CredPal, a digital lending startup, has announced a $15 million debt financing from Credit Direct, a subsidiary of First City Monument Bank (FCMB); Greenhouse Capital, a finance-focused venture capital firm; and a few unnamed financial institutions and new investors including LongCommerce, Uncovered Fund, First Circle Capital, and Adii Pienaar, co-founder and former CEO of WooCommerce….

eWAKA

eWAKA Joins The League of Electric Vehicles Startups, Unveils EV Bodabodas

ByTechTrends

Climate change has piqued the public’s interest for several decades. As a result, in the recent past, innovations toward engines that do not emit waste products have emerged. eWAKA has launched an electric ‘bodaboda’ in response to the go-green campaign. This new market entrant in Africa not only introduces sustainable mobility options, but also aims…

Al Mada

Morocco’s Al Mada Announces $110m pan-African startup investment fund

ByTechTrends

Al Mada Holding Group of Morocco announced earlier this week the establishment of a pan-African venture capital fund to invest in the continent’s fast-growing startups. With a budget of MAD1.1 billion (€100 million), the Al Mada-backed venture fund aims to attract innovative investors and participate in the rapidly developing African startup ecosystem, according to converging…

Blockchain

Blockchain is Set to Revolutionize the Online Gambling Landscape

ByTechTrends

Blockchain technology is being used in a wide range of industries, from IT to banking. But what exactly is it, and how should it affect the gambling industry? Here are some of the upcoming changes in online casino games, sports betting, and other forms of online gambling that we can anticipate. Gaming that is Provably…

African Development Bank Group

Mozambique Receives Over $1-Billion Funds From the African Development Bank

ByTechTrends

The African Development Bank Group has invested over $1 billion in Mozambique’s north, including the Liquefied Natural Gas Rovuma Area 1 project, a climate resilience project, the Mueda Negomano Road project, and the Mozambique Energy-for-All program. Akinwumi A. Adesina, President of the African Development Bank, and President of the Republic of Mozambique Filipe Jacinto Nyusi…

Instagram

Instagram is Reportedly Working on Feature to Allow Users Reply to Stories With Voice Messages, Images

ByTechTrends

According to a feature tracker, Instagram is working on a feature that will allow users to respond to stories with voice messages and images. The social platform for image and video sharing recently added support for liking stories, which would send users a notification instead of a new message in their inbox. While the company…

Microsoft

Former Microsoft Employee Says The Tech Giant is Involved in Alleged Widespread Corruption in Africa

ByTechTrends

On Friday, a former Microsoft employee published an essay on Lioness, a whistleblower website, alleging that corruption in the company has spread throughout Africa and the Middle East. According to Tech Central, in 2019, the tech giant company and its former partner, South African EOH Mthombo, were accused of being involved in alleged corruption in…

Africa Business Heroes
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Apply for the Africa Business Heroes Prize Competition 2022

ByTechTrends

Applications for the fourth year of the Africa Business Heroes (ABH) prize program are now open in English and French. ABH annually awards a share of a US$1.5 million grant to ten outstanding African entrepreneurs. The fourth annual edition of the Jack Ma Foundation’s flagship philanthropic program highlighting and celebrating Africa’s entrepreneurial excellence, “Africa’s Business…

Waspito

Cameroonian e-health startup Waspito secures $2.7m in seed funding round

ByTechTrends

Waspito, a Cameroonian e-health startup, has raised US$2.7 million in seed funding to expand its user base in Cameroon and to Ivory Coast. Waspito, founded in 2020 by Jean Lobe Lobe, connects users with medical doctors via instant video consultations from their smartphones. It also offers mobile laboratory services, with a lab technician collecting samples…

FreshSource

How Egypt’s FreshSource is simplifying the B2B agri-supply chain and looking to expand into the MENA region

ByTechTrends

FreshSource, an Egyptian startup, is a B2B agri-supply chain platform that connects food producers to businesses and exporters, increasing their income, and it is now looking to expand across the MENA region. FreshSource, founded in January 2019 by Farah and Omar Emara, is a B2B agri-supply chain platform that uses technology to transform the way…

Eksab

Eksab receives $3 million to expand its fantasy football platform across MENA and Africa.

ByTechTrends

Football, or soccer as it is known in the United States, is the most popular and watched sport in the world, with over five billion football fans, according to FIFA, the sport’s governing body. While the World Cup, football’s pinnacle event and arguably the world’s most popular sporting event, displays the sport’s popularity in full…

UN innovation challenge

African startups are invited to apply for a UN innovation challenge focusing on women

ByTechTrends

The United Nations Population Fund (UNFPA), World Intellectual Property Organization (WIPO), and International Telecommunication Union (ITU) have launched the Innovations to Empower Women and Girls Challenge to help scale innovative solutions that can help disrupt inequalities and advance women’s and girls’ empowerment. The Innovations to Empower Women and Girls Challenge, the UNFPA’s first joint innovation…