All about Business.
DilenyTech, an Egyptian deep technology healthcare startup that is developing innovative artificial intelligence (AI) solutions for screening and diagnostic radiology workflow, has been acquired by Astute Imaging LLC of the United States. DilenyTech, which was founded in 2018, aims to revolutionize breast cancer screening and diagnostic workflow by offering innovative AI-based assistance for more accurate…
Kenyans who prefer to order or buy goods online face challenges due to the country’s high logistical costs. According to Business Daily, e-commerce participants say the costs of transporting goods from a store to a buyer are a major impediment to the sector’s growth. “The most significant impediment to e-commerce growth is logistical cost.” “The…
Africa has recently made significant progress toward realizing its ambition of being a launching pad for most startup businesses. Although, Africa’s track record of maintaining and ramping up startups is a different tale. Only few African startups with global impact exist on the continent, the most stemming from the tech industry. In comparison, the Western and…
PECB University has signed a new Academic partnership agreement with Digital Encode Limited, to commit their knowledge, resources, and efforts to provide top-class education to students in Nigeria. PECB University is an independent institution of higher education focused on business education, which is inspired by the tenets of professionalism of its parent company, PECB Inc. – a…
It is not easy to start a business. To get a business off the ground, you must put in a lot of effort, dedication, and perseverance. However, in today’s world, there are a variety of tools and technologies that make it easier than ever to start a business. You must consider several factors, including your…
Yoco, a South African payments company, has acquired Nona Digital, a Cape Town-based fintech and Web3 software development agency, to accelerate its roadmap by bringing in a team of highly specialized fintech product and technology professionals. Yoco creates tools and services to assist small businesses in accepting card payments in-store and online, obtaining loans, and…
Nigerians and Africans in general have not fully embraced the gift card culture, a culture that is acceptable in other parts of the world, ensuring a thriving gift card industry. It’s easy to see why, given the numerous industry roadblocks in the way, one of which is the global no-refund policy on gift cards. A…
South Africa’s MultiChoice Group, one of Africa’s leading entertainment companies, saw its shares rise on Thursday after reaching a $4.4 billion settlement agreement with Nigerian authorities. According to Bloomberg, MultiChoice has agreed to drop all pending lawsuits against Nigeria, following a long-running feud over an alleged breach of agreements and denying officials access to its…
The government of Osun is the most recent to enter the mobility sector. On Thursday, March 10, it announced a partnership with Metro Africa Xpress (MAX) Drive to distribute “1,000 tricycles to alleviate transportation burdens” in the state. “The Government of the State of Osun, led by Governor Gboyega Oyetola, has inaugurated 1,000 tricycles to…
Technology has transcended race, culture, and class to become a powerful tool for transforming businesses across the African continent. The rapid penetration of the internet in African regions, as well as the digitization of businesses worldwide, have been major catalysts in the new technology-driven era, with the potential to catapult the socioeconomic growth of many…
The vision of every business is to achieve set goals, meet the demands of clients and create solutions peculiar to life challenges. Irrespective of the drive of a business, accomplishing more results with less resources is usually an approach most use in achieving these visions. Thanks to the impact of digitization in day-to-day activities, every business ranging…
Tendo, a Ghanaian startup that allows anyone to sell online with no upfront inventory, has launched in Nigeria with the support of industry heavyweights such as Catalyst Fund, Google, and Y Combinator. Tendo, which debuted last year, has created a mobile app that connects dropshippers with local wholesalers. Sellers on the platform can use social…
Mowarrid, an Egyptian B2B marketplace, has been acquired by Sary, a Saudi B2B e-commerce company, as the latter expands its footprint across the MENA region. Mowarrid, founded in 2018 by Ahmed Essam, is focused on the B2B food and grocery markets, allowing over 10,000 retailers to digitally procure all of their needs across a variety…
The African Small Business Catalyst (ASBC), a business accelerator for early growth-stage small and medium-sized enterprises (SMEs) in Sub-Saharan Africa, has been launched by the US International Development Finance Corporation (DFC) and the US African Development Foundation (USADF). The ASBC seeks to assist SMEs in four countries: Ivory Coast, Nigeria, Senegal, and Uganda, with a…
Google.org, the company’s philanthropic arm, announced today that it will donate $1 million (R15.3 million) to programs that help women entrepreneurs grow their businesses, as part of a series of new initiatives aimed at supporting women-owned businesses. According to Mojolaoluwa Aderemi Makinde, Head Brand and Reputation, Africa – Google, “research shows that 58 percent of…
Vula Mobile, a South African medical referral app and online platform that hosts a network of health professionals, has partnered with leading pharmaceutical firm Novartis to improve eye care services in Sub-Saharan Africa. Primary health care workers can connect with specialists via the Vula Mobile digital platform, allowing for faster assessment of eye conditions and…
Wamly, a South African startup, is changing companies’ recruitment processes by providing one-way video interview software that eliminates the need for one-on-one interviews, allowing them to interview more people and better candidates faster. Wamly, founded in 2018 by Francois de Wet, allows companies to recruit candidates by sending out a custom link that allows candidates…
Susu, a global health-tech business dedicated to making healthcare accessible and affordable to all Africans, has raised €2 million in a pre-seed round. Angel investors, grant financing from BPI France, the French government’s public investment bank, and debt were used to raise the funds. Bola Bardet, Laurent Leconte (Chief Technology Officer), and Sandrine Egron (Chief…
Every young aspiring digital entrepreneur in Africa is encouraged to apply for MEST Africa’s 12-month technology and entrepreneurship training program. With the Class of 2022 in full swing, it’s time to get back into the recruiting swing of things and formally open up applications for the Class of 2023. MEST Africa receives around 4000 applications…
Circle, founded in 2020 by Nancy Kamal and Essam Maged and sponsored by 500 Global, makes it easy for real estate developers and property owners to interact with tenants. Milango, on the other hand, was founded by Amr Mostafa in 2021 and provides business clients with a suite of community management solutions to help them…
TMCEL customers, one of Mozambique’s largest telecom firms, will now be able to benefit from the financial convenience provided by Ericsson’s mobile financial services solutions, as TMCEL went live with the Ericsson Wallet Platform yesterday. Ericsson’s solution is expected to broaden the financial transaction community by contributing to economic and digital development, as well as…
Boxconn, a Ghanaian logistics startup, has already launched operations in Nigeria and Botswana and plans further expansion after facilitating thousands of deliveries. Boxconn, a logistics software platform that allows businesses and individuals to deliver on-demand, was founded in January 2021 by a team formed during the MEST Africa program in Accra. It provides a white-label…
Companies are using data to make more informed business decisions now more than ever before in a world of increased competition and ever-changing customer expectations. This data-driven approach has permeated almost every industry, with financial services being a forerunner. The value of data and analytics is derived from their ability to solve real-world problems through…
The Hatchery, an international clean-tech startup incubator based in Cape Town, has announced a strategic ZAR5 million (US$330,000) partnership with Valinor, a Norwegian clean-tech investment firm focused on sustainable solutions that promote economic growth. Disrupt Africa reported in November on the launch of The Hatchery, an international clean-tech incubator based in Cape Town that invests…
Silvertree Holdings has completed the full acquisition of South African meal kit delivery company UCOOK for US$12.3 million. Silvertree Holdings had previously invested in the startup, which has now been acquired entirely, with co-founders David Torr, Christopher Verster-Cohen, and Katherine Barry exiting and Silvertree’s Peter Allerstorfer and colleagues taking over the executive reins. In the…
TradeDepot, a Nigerian B2B e-commerce and embedded finance startup, has announced the acquisition of Green Lion, Ghana’s largest and fastest growing B2B e-commerce platform, in order to accelerate service delivery across the country. TradeDepot, which was founded in 2016, connects African consumer goods brands directly to a target market of several million retail outlets across…
According to a press report published by Forbes Middle East, OPay has received widespread support in Egypt. The Nigeria-based fintech firm is unquestionably one of Africa’s fintech unicorns and one of the continent’s most valuable startups. Since its initial launch in Egypt at the beginning of 2021, it has also been regarded as one of…
PayJustNow, a Cape Town-based fintech startup, has sold a controlling stake in its business to Weaver Fintech as it seeks to expand in the buy now, pay later (BNPL) space. PayJustNow, which launched in August 2019, is the largest business of its kind in Southern Africa, with over 180,000 customers and over 1,000 retailers carrying…
According to Bloomberg, the CDC Group, the United Kingdom’s development-finance arm, will provide a $100 million credit facility to First Bank of Nigeria Ltd. to help support women-owned businesses and small businesses in Africa’s largest economy. The funding will “address the challenge of limited access to capital faced by the country’s under-banked and underserved groups,”…
JPMorgan, the world’s largest bank, has become the first financial institution to enter the metaverse. Customers will be able to visit the bank’s Onyx lounge in the blockchain-based virtual world decentraland. The Onyx Lounge offers Ethereum-based services to JPMorgan customers, which are all detailed in a recently published report. The bank has issued reports on…