Cybersecurity: BlackCat Ransomware Attacks Over 60 Companies Worldwide
The FBI has issued a warning about the BlackCat ransomware-as-a-service (RaaS), which it claims has victimized at least 60 entities…
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London-based startup Gravity Sketch receives $33 million in funding
Gravity Sketch, a London-based startup, has taken that concept into 3D, leveraging tools such as virtual reality headsets to let…
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Ark Kapital releases €150 million to support startups
ArK Kapital, based in Stockholm, has secured a €150 million senior secured debt facility from Pollen Street Capital after raising…
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Nigerian fintech startup Syarpa secures $500k pre-seed round
Syarpa, a Nigerian fintech startup, has raised US$500,000 in pre-seed funding to help it expand across Europe and Africa. Syarpa,…
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Tofino Capital closes the first round of a $10 million fund to assist African startups
Tofino Capital has announced the first close of its $10 million funding round, with a goal of completing the round…
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Recur Technologies secures a $30 million funding round
Recur Technologies PTE, a Singapore-based financing platform, announced a $30 million equity and debt fundraising round from a group of…
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Unicorn Group unveils the first pan-African incubation programme
Unicorn Group, an investment firm, has launched its fourth entrepreneur incubation program, which is open to startups from a variety…
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How building strong network can sustain a start-up
The idea of networking contributes to the growth and relevance of a startup. We are often familiar with the saying “no man…
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Trace and the Mastercard Foundation Announces Free E-Learning App for Young Africans
Trace and the Mastercard Foundation have collaborated to launch Trace Academia, a free, interactive, mobile-based learning application designed to help…
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Africa’s Business Heroes Launches Community Leads, Introduces New Scaleup Program
The Africa’s Business Heroes (ABH) prize competition has announced a new Community Lead and ScaleUp Program to provide ABH applicants…
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Google’s internet cable, Equiano arrives in Lagos
A month after its first African landing in Togo, Google’s Equiano mega subsea cable has arrived in Lagos, Nigeria. The…
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How to Protect Yourself From Cryptocurrency Scams in South Africa
In the daily rush for digital gold, more people are attempting to make money from cryptocurrencies. As a result of…
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6 Budget-Friendly Digital Solutions You Need to Consider
Time is the one commodity we don’t have a lot of in our fast-paced lives. And, as the pandemic has…
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Egyptian payments startup Paymob opens office in Pakistan
Paymob, an Egyptian digital payments company, has expanded its operations into Pakistan, with the goal of providing online, POS, and…
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DevCareer is bridging Africa’s talent gap by providing laptops for tech newbies, receives a fresh $100k grant
African startups raised approximately $5 billion in 2021, nearly tripling the amount raised in 2020. While the ecosystem has received…
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IFC Funds Algebra Ventures With $15m to Propel Egypt’s Startup Ecosystem
IFC, a World Bank Group member, will invest $15 million in Algebra Ventures’ second fund, which will support the growth…
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Kenyan Startup Neural Labs is using AI-powered imaging to facilitate real-time diagnosis
Neural Labs, a Kenyan startup, uses AI-enabled medical imaging to aid in the real-time diagnosis of various respiratory, heart, and…
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Cape Town-based Injini unveils ed-tech think tank to empower entrepreneurs
Injini, a Cape Town-based ed-tech non-profit, is launching a think tank to provide market research to entrepreneurs in the space…
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Egyptian electric mobility startup Shift EV completes Series A funding
Shift EV, an Egyptian electric mobility startup, has raised an undisclosed Series A funding round to help it onboard more…
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WIC Capital completes $1.6M Investment Fund to support female entrepreneurs in Senegal
The “Women’s Investment Club” (WIC) Senegal and Ecobank have signed a collaboration contract worth one billion CFA francs (USD1,600,000) to…
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Jand2Gidi Announces New Technologies to Promote More Seamless Deliveries Worldwide
Mrs. Ujama Akpata and Mrs. Kikelomo Fola-Ogunniya, founders of Jand2Gidi, held a media conference on Wednesday, April 13th. Ms. Nancy…
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SA University Will Start Issuing Certificates with Blockchain Security Features to Combat Fraud
According to reports, the University of Johannesburg (UJ) intends to begin issuing degrees and certificates with blockchain security features to…
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Google’s first product development centre in Africa is hiring engineers
Google has announced the opening of its first product development center in Africa, which will be located in Nairobi. The…
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Fintech Startup Leatherback Completes $10m Pre-seed Funding For Expansion
Leatherback, a cross-border payments network based in the United Kingdom, has received a $10 million Pre-Seed fundraising round from Zedcrest…
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FibreOne Records 300% Growth of its High-Speed Internet User Base
FibreOne Broadband, Nigeria’s broadband and fiber-to-the-home provider, reports a nearly 300 percent increase in customer base. Residential customers increased by…
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ETAP Completes $1.5m Pre-Seed Funding to Enhance Car Insurance Usage in Africa
ETAP, an insurtech startup that makes it easier to buy and claim insurance, has raised $1.5 million in pre-seed funding…
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Egyptian E-health Startup Rology Secures Pre-Series A Funding Round
Rology, an on-demand teleradiology platform based in Egypt, has closed a pre-Series A round of funding to help it expand…
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Nigeria’s Transfy Experiences Strong Early Adoption of Payments Infrastructure, Plans Continental Expansion
Transfy, a Nigerian fintech startup, has seen strong early adoption of its payment infrastructure, processing $15 million in its first…
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African Fintech Company, Kudi, Rebrands to Nomba
Kudi, an African payment network, has rebranded as Nomba. This was announced in a press release as part of the…
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Algebra Ventures, based in Egypt, has received a $15 million IFC commitment.
Algebra Ventures, an Egyptian venture capital firm, has received a US$15 million commitment from the International Finance Cooperation (IFC), a…
