EGBank and Cairo Angels have opened applications for the latest MINT Incubator, which assists startups in growing and becoming investment-ready. Cairo Angels, which invests in and supports startups across the Middle East and Africa, and EGBank collaborated in 2018 to launch the three-month equity-free MINT Incubator, which has since had several editions. The three-month program…
Two years ago, the African tech ecosystem received renewed attention from global players, resulting in the continent’s best year in terms of venture capital. According to various sources, up to $2 billion was invested in African tech startups in 2019. It was a sign of things to come for African tech, with high-profile visits from…
The Tony Elumelu Entrepreneurship Programme (TEEP) has opened applications for the eighth edition, which will provide startups with training, mentorship, and US$5,000 in funding. The Tony Elumelu Foundation (TEF) is running the program, which is a 10-year, US$100 million commitment to identify, train, mentor, and fund 10,000 African entrepreneurs by 2024. Applications for the latest…
Koko Networks, a Kenya-based bio-fuel technology company, has expanded its business to include other fast-moving consumer goods via a new technology platform that will leverage its established distribution networks in low-income neighborhoods. Koko Club, the company’s new business line, sells the products directly to consumers through the dukas (small shops) that currently serve as agents…
The African tech ecosystem mourns the death of Nnena Nkongho, an African investor who advocated for diversity and excellence. Nkongho passed away on December 26, 2021. Nkongho has over 15 years of experience identifying, building, and capturing value for African corporations and funds. He is also the founding partner of Otundi Ventures, a pan-African early-stage…
Many of us have only been able to see our elderly relatives through screens for the last two years, watching them age and trade physical distance for their safety. The pandemic has highlighted the vulnerabilities of the elderly more than anything else. The tech community as a whole, including founders, investors, and journalists, needs to…
The late 2000s and early 2010s saw the birth of Africa’s e-commerce boom. With the continent’s rapid internet penetration and the launch of payment platforms, there were numerous opportunities for innovation in inter and intra-national logistics that would help complete the triangle. Heroshe is one of the companies in Nigeria that achieves this goal. Heroshe…
If you’ve heard of non-fungible tokens (NFT) on the Internet, you’ve probably heard of the latest buzzword — Web3. Both terms are coined by supporters of blockchain technology and crypto enthusiasts who believe it is the future of the Internet. Although some, such as Elon Musk, have stated that the term is merely a “marketing…
Amazon is facing backlash on social media after suggesting a potentially life-threatening “challenge” to a 10-year-old girl. The girl had asked Alexa to suggest a challenge for her to complete, and the smart speaker instructed her to touch the live prongs of a partially inserted plug. Alexa directed the young lady to insert a phone…
Instagram CEO Adam Mosseri announced the photo-sharing app’s key priorities for 2022 on Tuesday, including a focus on videos. He emphasized videos, messaging, transparency, and creators as the four key areas that the Meta-owned platform will focus on in the coming year. The Instagram CEO also discussed major updates to the app this year, such…
Every year, Microsoft hires thousands of college graduates and students from all over the world. Graduate positions have been made available for the company’s software engineering recruiting program, which will begin in 2022. Software engineers (SWEs) work with others to solve problems and develop new software. If you are deeply concerned about customers and product…
The Nigeria Securities and Exchange Commission (SEC) has issued a public warning regarding the activities of FinAfrica Investment Ltd and Poyoyo Investment. According to the investment regulator, the companies are Ponzi schemes and are not SEC-accredited. The announcement was made by the exchange commission via a circular sent by the commission’s management and posted on…
Last month, Tesla Inc.’s valuation surpassed $1 trillion, making it the fifth company in the world to do so after Apple, Microsoft, Amazon, and Alphabet. A $4 billion deal to sell 100,000 vehicles to Hertz, the rental car company, skyrocketed the company’s shares in the single-largest purchase ever for electric vehicles, representing a $4.2 billion…
Some LastPass password manager users revealed this week that they received emails from LastPass stating that logins to their accounts using the master password had been blocked. The first of these reports appeared on Hacker News. LastPass emails indicate that a login attempt was unsuccessful. The login attempt came from Brazil in the case of…
Ferrari announced on Monday that it has signed a multi-year agreement with Swiss technology firm Velas Network to create digital content for its fans. Velas, a provider of digital products and services, will become a partner of Ferrari’s Formula 1 racing team beginning next season. “Moreover, Velas will be the Title Sponsor of the Ferrari…
The iPhone 13 series debuted in September, with a slew of improvements over previous models. However, one major feature that could be useful in some situations has been absent from the new iPhone family since its release. It’s the dedicated noise cancellation feature that iPhone 13 users have been clamoring for for months. Apple, on…
People adore smart devices but are unconcerned about their security What if “Home Alone” had been released in theaters today? Instead of peering through the doorway, Kevin would most likely use his smartphone to monitor the house via smart cameras. In addition, instead of glass marbles, he could use a robot vacuum to attack the…
GetEquity, a Nigerian investment platform, entered the market with the goal of “challenging the status quo of startup financing and venture capital in Africa.” The company claims it wants to make funding for African startups simple and quick, while also allowing ordinary people to participate in the thriving startup ecosystem. Looking back on its activities,…
Every startup founder or CEO was once a novice when it came to navigating the murky waters of institutional investment. They may have even gotten burned because they didn’t know what questions to ask or what to look for. As a result, we launched the Ask an Investor series to learn more about why and…
Micromobility as a concept, a solution, and a way of life began to take hold in 2021. Increased shared micromobility and COVID-enabled public transportation helped to make small electric vehicles mainstream enough for people to consider purchasing their own. As a result, 2021 was the year of the e-bike, with sales increasing by 240 percent…
Following the UAE’s multilateral in-kind contribution and commitment to UNICEF to support COVAX’s global vaccine distribution efforts, the HOPE Consortium and UNICEF have agreed to fund the delivery of 65 ultra-cold freezers to Africa. The freezers are required for COVID-19 vaccines that require ultra-cold storage, as well as to allow African nations to absorb incoming…
China’s ruling Communist Party is pressuring Alibaba to enter the difficult and costly business of designing its own processor chips in order to help China become a self-sufficient “technology superpower” — a business unlike anything the world’s largest e-commerce company has done before. T-Head, its 3-year-old chip unit, unveiled its third processor, the Yitian 710,…
If you have a hybrid work model, you can work from home for part of the week and the rest of the week. Because of the need for personal autonomy, adaptability, and open interaction, hybrid work models are an excellent choice for businesses attempting to adapt to a post-pandemic era. The ability to work from…
“I’ve always loved and wanted to wear African prints more here,” says Bami Adenike, who lives near alluring luxury boutiques in Paris but has a lasting fondness for African wear. Adenike, a 28-year-old Nigerian artist, moved to France in 2016 and has mostly purchased clothes from French fashion retail stores since then due to the…
Year after year, smartphone manufacturers release new models to keep the momentum going. While 2020 was a slow year for manufacturers due to the pandemic, 2021 saw the release of some exciting smartphones, such as Samsung’s Galaxy Z Fold 3 (Review) and the Galaxy Z Flip 3 (Review), as well as many promising ones that…
Due to strong opposition from the US government, lawmakers, and parents, Meta (formerly Facebook), Instagram’s parent company, was forced to halt development of Instagram for Kids for children aged 13 and under in September 2021. The argument was based on leaked information indicating that Instagram is contributing to the rising rates of anxiety and depression…
The year 2021 was a fantastic year for the technology industry as a whole. As much as this was true across the board, certain industries stood out. Of course, there was fintech, which raised mega-rounds of funding. Then there’s health technology, with Helium Health completing a major acquisition in far-flung Asia and 54Gene securing major…
Tugende, a leading Uganda fintech lender that specializes in asset finance in Kenya and Uganda, has announced the completion of a new $17 million debt capital round by the end of 2021. The Nordic Microfinance Initiative (NMI) contributed $5 million in local currency, Symbiotics contributed $6 million, and the Lendahand crowdfunding platform contributed $1 million….
Blockchain technology has many more applications than just cryptocurrencies and Bitcoin. The ability of technology to provide more transparency and accountability while also saving firms time and money has an impact on a wide range of areas, from contract enforcement to government efficiency. All of these factors contributed to the success of India’s leading blockchain…
Electric vehicle manufacturer Tesla CEO Elon Musk, the world’s richest person, has stated that he will pay more than $11 billion in taxes this year. Following Time magazine’s designation of Musk as “person of the year,” Democratic U.S. Senator Elizabeth Warren took to Twitter earlier this week to suggest that Musk pay taxes and stop…