Vittas is a digital lender founded in Nigeria that uses partnerships and machine learning to make loans. Sulav Singh and Collins Uche founded Vittas in July 2019, and the company’s first loan was disbursed in January 2020. Vittas created an inventory finance solution for Nigerian healthcare providers that enables them to buy drugs and medical…
The African School of Economics (ASE) has introduced Africa’s first 5G Mokki Tech Space, a network of immersive digital learning and remote work environments connected via fifth-generation mobile communication technology, in conjunction with partner universities in Africa and Finland. The 5G Mokki is a modular high-tech device that can be used to deliver innovation services…
Two new thematic angel networks have been introduced by the Africa Business Angel Network (ABAN) with the goal of assisting companies developing solutions for the continent’s smart cities and digital trade sectors. ABAN, which was founded in 2015, is the largest pan-African organization of angel investors. It represents more than 65 business angel organizations, totaling…
The fourth iteration of the eight-month OceanHub Africa accelerator is now accepting applications. This program will support up to 12 of Africa’s most promising impact-driven for-profit enterprises that are dedicated to protecting and restoring the health of the ocean. The OceanHub Africa accelerator, which chose its third cohort in October, is on a mission to…
In order to launch a first-of-its-kind airtime trading marketplace across Tanda’s network of 40,000 agents, Fonbnk, the web3 on-ramp that enables Africans to easily obtain cryptocurrency assets by exchanging their airtime credits, partnered with Tanda, a Kenyan independent agent and merchant network platform. In accordance with the agreement, Tanda representatives and sellers in East Africa…
A new Payments API has been made available by African cryptocurrency exchange Yellow Card, allowing businesses to on- and off-ramp clients through its crypto rails. In addition to giving businesses immediate access to its collecting and disbursement rails in 16 African nations, Yellow Card, a top cryptocurrency exchange on the continent, also enables them to…
Ten companies that are developing relevant and accessible jobtech solutions that connect young people to work have been named as the inaugural cohort by the Jobtech Alliance. These companies will take part in two new initiatives and have access to funding and mentorship as well as participate in two new programs. Last October, Disrupt Africa…
In order to give youth-led and e-commerce firms in Africa the tools, training, and resources they require to improve their financial skills, the International Trade Centre (ITC) and Visa have partnered. The collaboration makes use of both ITC’s efforts to empower young people in trade through the use of appropriate digital tools and Visa’s broad…
Startups in the healthcare sector are encouraged to submit applications for the Africa MedTech Challenge, an effort by ENRICH in Africa to transform healthcare in Europe and Africa via innovation. The top pharmaceutical company, Sothema, and Mohammed VI Polytechnic University are looking for startups and businesspeople to leverage technology to create the most cutting-edge medicines…
Ananse Africa, in partnership with Mastercard Foundation, Ecobank and DHL, is excited to return to Lagos, Nigeria to provide a free e-commerce and digital marketing training for fashion creatives on Thursday, 04 May 2023. The training is part of a wider initiative aimed at equipping African fashion entrepreneurs with the skills and knowledge they need to…
Aiming to democratize access to the African startup ecosystem, Young African Catalysts was established to help young Africans gain new skills, find employment, and attract investment. Young African Catalysts (YAC) was formed by Luke Morsert, head of investments at Future Africa, and Karl Nchite, a former investor and impact lead at Goodwell Investments, with the…
The annual VC4A Venture Showcase, which enables African entrepreneurs of innovative and disruptive startups and scaleups to present their companies to the most active investors on the continent, is now accepting applications. The VC4A Venture Showcase Africa alumni have raised over US$630 million since the event’s introduction in 2017, and this year’s edition is searching…
Elon Musk, the owner of Twitter, announced on Thursday that users of the social media site would be able to sell their followers subscriptions to content, such as lengthy texts and protracted videos. Users who provide the subscription—a feature they can access through the settings menu’s “Monetization” tab—will receive all of the money members pay,…
To make it simple for African tech firms to open offices in Hong Kong, the Hong Kong Special Administrative Region (HKSAR) government agency responsible for foreign direct investment is establishing a headquarters in Hong Kong with the assistance of InvestHK. With a presence in 33 markets, HKSAR is actively seeking to establish partnerships with African…
Young Africans now have access to digital skills and employment prospects thanks to Ghana-based firm Remoteli. A technology-driven platform called Remoteli, which was established in 2020, specializes in bringing together creative businesses with outstanding African workers to create diverse and highly skilled remote workforces. According to CEO Samuel Brookesworth, “We use the power of cutting-edge…
Policymakers, opinion leaders, and business experts will gather for the second Artificial Intelligence (AI) Center of Excellence Africa Leaders’ Summit in Nairobi to discuss the impact of AI on Kenya and Africa as a whole. Thematic areas to be covered include ethical AI and AI investment. On April 27, the Artificial Intelligence Center of Excellence…
To commemorate the 2023 International Women’s Day, SME Growth Lab Africa and Shecluded have entered a strategic partnership that will enable female entrepreneurs across Africa to participate in SME Growth Lab’s first women-only cohort of its Digital Accelerator Program. Through this partnership with Shecluded, SME Growth Lab Africa aims to create a women-only cohort for…
VC4A has invited for proposals to the VC4A Venture Showcase Africa – 2023, the yearly accelerator program that promotes high-growth, high-impact enterprises fostering economic progress throughout the continent. VC4A: VC4A is an ecosystem builder that makes use of its network, infrastructure, and skills to support initiatives that support the startup movement in developing economies. “The…
OurPass, the one-click checkout company, today announced that it has rebranded to become a global neobank for businesses revolutionizing commerce in Nigeria. OurPass is providing businesses with access to banking, payment and business management tools to enable them start, grow and scale their businesses. OurPass launched in 2021 after raising a $1 million pre-seed led…
Sophos, a global leader in innovating and delivering cybersecurity as a service, today announced the promotion of Joe Levy to president of the Sophos Technology Group (STG). Sophos also appointed Bill Robbins president, Worldwide Field Operations. Levy is currently Sophos’ chief technology officer and chief product officer, and will retain these titles and the organizational structure…
Several challenges confront young individuals as they pursue their college education. Where to find money is one of them. They aspire to adulthood and independence. Learning how to make money on your own is one of the important tasks. Some people want to start their own businesses. As a result, a lot of them are…
With the aid of artificial intelligence (AI) and live-learning technology, Nigerian company VarsityScape makes it simpler for cohort-based course instructors to acquire all the resources they require to run a successful course. VarsityScape, a platform for students at higher education institutions that was founded in 2019 by Daniel Idiare and Kenney Erimakonosine, has now expanded…
According to recent reports, seven of the biggest names in banking, including Bank of America, JPMorgan Chase, and Wells Fargo, are working on a digital wallet that will allow people to shop online. Since PayPal and Apple Pay enticed hundreds of millions of users to their digital wallets, big banks have been looking for ways…
As technology advances at a breakneck pace, it’s transforming nearly every aspect of our lives, including the way we work. The traditional 9-to-5 office job is no longer the only option, as remote work, gig work, and flexible schedules become increasingly popular. In this article, we’ll explore the future of work and how technology is…
Twitter has started a mass unfollowing and is currently following “no one,” suggesting that the process of removing old verified accounts may finally be starting. The following has fallen to its absolute lowest point and is now “Zero” on the “Twitter Verified” account. Earlier, Twitter followed over 420,000 legacy verified accounts. Twitter had already issued…
During a roundtable meeting with Mastercard in the capital of Zambia, Lusaka, US Vice President Kamala Harris called on leaders in the public and private sectors to fund national financial inclusion strategies in order to bridge the continent’s digital divide. Just 33% of people in Africa are believed to use the internet, while only 55%…
By delivering online and offline payment solutions, Cellulant, a payments technology company, promises to redefine how businesses in Africa make payments and get paid. Due mostly to improvements in peer-to-peer (P2P) and consumer-to-business (C2B) payment systems, the payments market in Africa is expanding quickly. Yet, for companies looking to expand into Africa, the fragmentation of…
Applications are now open for the first Femintech Innovation Challenge from Amazon Web Services (AWS), the cloud computing division of the largest e-commerce company in the world, Amazon. The challenge is designed specifically for women-led startups in Africa and aims to promote innovation, networking, and investment opportunities. The Femintech Innovation Challenge will highlight and honor…
IamtheCODE and the UN Women Regional Office for East and Southern Africa have joined forces to address the gender gap in digital technology in Africa. A two-day hackathon that just ended in Johannesburg, South Africa, had as its goal providing 102 high school girls from townships in the province of Gauteng with digital literacy skills…
The second iteration of the “VC Grow” program for new VCs has been introduced by prominent development partners GIZ Egypt, FMO, and AfricaGrow. The program aims to invest equity or venture loans between the seed and series A stages and targets new and rising fund managers operating in Africa or the Middle East, with a…