Start-ups require capital to establish a business. Capital is the amount of initial investment plus any interest accrued early. The initial investment of a company initiative is the sum required to get things started. Both internal and external sources of funding are used by start-up founders. Many times, a lot of work goes into starting a business,…
The African IT sector has been growing steadily in recent years. With roughly a thousand acquisitions expected this year, venture capital on the continent is anticipated to surpass $7 billion, making it an anomaly in the current global funding slowdown. Startups continue to fail due to a lack of access to money, mentorship, and a…
More than 360 African entrepreneurs have signed up for the second class of the Alibaba Netpreneur Training program, which is run by Alibaba Global Initiatives (AGI), the professional training division of the Alibaba Group. Since its debut in 2019, the Alibaba Netpreneur Training Programme has successfully trained close to 1,500 entrepreneurs across Africa, Europe, Latin…
The six businesses chosen for the second cohort of the Fintech Incubation Program have been announced by Co-Creation Hub (CcHub), in association with Google, Rwanda’s Ministry of ICT and Innovation, and Mojaloop Foundation. The three-month Fintech Incubation Programme is meant to assist young technology companies developing products aimed at boosting financial inclusion. Nine firms were…
Flexibility is currency in the new working world. Organisations and employees alike are eager to capitalise on the opportunities offered by technological advancements and shifts in working culture. We are witnessing a significant evolution in the types of work people do, and where and how work gets done, as work moves beyond traditional paradigms. The…
Hakeem Fahm, Honourable Commissioner of Science and Technology at Lagos State Government, will deliver the keynote address at the Nigerian Software Testing Qualification Board (NGSTQB) first Software Testing Conference in Nigeria codenamed ‘TestNigeria Conference 1.0’. Mr. Fahm is an experienced network infrastructure director with a demonstrated history of working in the information technology and services…
Applications are open for the fourth cohort of the Africa Digital Accelerator Program brought to you by SME Growth Lab AFRICA. Through this program, established business owners across African countries would share equal access to business training, mentorship, and support to take their businesses to a higher level. Successful applicants will have a remarkable experience participating in a…
To support the expansion of its activities, the Egyptian B2B trucking marketplace Trella has obtained an additional sizeable finance facility from ALMA Sustainable Finance (ALMA) and the US International Development Finance Corporation (DFC). Trella, a transportation marketplace and B2B technology platform, links shippers and carriers in real-time. The firm, which operates across the Middle East…
The pre-seed raise by Herconomy will go down in history. The startup’s funding story rocked the tech industry last year. The community-based startup raised $600,000 in funding within 24 hours of Ife Durosimi-Instagram Etti’s post in order to scale its SaaS solution, which provided women with ongoing access to career prospects and discounts from selected…
In an effort to promote the service’s use as more than just a business application, Microsoft changed the name of its Office 365 service to Microsoft 365 in April 2020. According to the company’s FAQs page, Microsoft will now be eliminating the remaining Office branding from its Word, Excel, PowerPoint, and other apps. Users can…
The 2022 MEST Africa Challenge shortlist includes 36 firms from throughout the continent, and the winner will receive US$50,000 in equity capital. MEST is a pan-African software and entrepreneurship training program, seed fund, and incubator that supports the establishment of technology firms all over the continent. It was established in Ghana in 2008 by serial…
Targeting small and medium-sized businesses with a focus on sustainable energy solutions in Ghana, Malawi, Morocco, and South Africa, Siemens Stiftung is launching its inaugural “SESA Call for Entrepreneurs” on behalf of the Smart Energy Solutions for Africa (SESA) Consortium. Applications are especially encouraged from women-owned businesses. Access to dependable, affordable, and sustainable electricity has…
Coinbase announced on Tuesday that it would use Google’s cloud infrastructure, while Google said it would rely on Coinbase to start allowing some users to pay for cloud services using cryptocurrencies early in 2023. Despite still being down more than 70% for the year, Coinbase shares increased as much as 8.4% on Tuesday. In a…
KuCoin, the leading global cryptocurrency exchange successfully completed 5 years in the industry as the ‘People’s exchange’, this year. Since its inception, the company has consistently witnessed fast paced growth. Currently, KuCoin serves 20 million crypto users in more than 200 countries and regions around the world. Along with the rapid growth in number of users,…
At the Pan African University Institute for Basic Sciences Technology and Innovation (PAUSTI), the Incubation Centre of Excellence, funded by the African Development Bank (AfDB), has opened its doors in an effort to foster and foster innovation, creativity, entrepreneurship, and connections with the private sector. Four master’s and PhD programs are offered through PAUSTI, a…
As business owners, we frequently encounter challenging circumstance when not every aspect of our organization is operating as it should to be scalable and attract investment. However, we are also aware that when launching a firm, we frequently lack the necessary manpower, financial flexibility, or industry-specific knowledge, making it difficult to find possible partners or…
For businesses in Africa, Be Mobile Africa has created a new multi-currency business banking platform. Customers will be able to use the site to apply for and open business accounts in USD and EUR within 48 hours without having to physically visit a bank location. With the help of the neobank’s new service, businesses will…
At the Africa Financial Technology Congress, which took place on October 1, 2022, in Lagos, Kolomoni, a completely digital bank that offers financial services to the unbanked through its consumer banking platform, was voted Africa’s Most Innovative savings/investment platform. Cintrust Microfinance Bank, a division of the integrated financial technology company CapitalSage Technology Limited, is the…
OceanHub Africa (OHA), the first and only ocean impact-focused business accelerator on the continent has chosen six ocean-related startups. The Ocean Health Alliance (OHA) is an ocean-impact catalyst initiative that supports ocean-impact ventures through an acceleration program and the leadership of a global ocean-minded ecosystem. OHA promotes a sustainable and prosperous economy that would effectively…
A Nigerian fintech startup called Vella Finance has announced the release of new payment tools designed to make it easier for business owners in Africa to manage their funds. Global Pay, Vella Boost, and Fintech as a Service are a few of them (FaaS) Vella was originally created as a platform to support the crypto…
The Social and Inclusive Business Camp (SIBC), an annual acceleration program created to assist the most promising high-impact African entrepreneurs grow up their firms, has chosen 43 inclusive African enterprises to participate. Through cutting-edge training programs and networking with other businesses, mentors, and prospective financial backers, the SIBC strives to empower entrepreneurs and forge lasting…
Oluyemi Obadare Chief Executive Officer at Certification Partner Global, West Africa has been accepted into Forbes Business Council, the foremost growth and networking organization for successful business owners and leaders worldwide. Oluyemi Obadare was vetted and selected by a review committee based on the depth and diversity of her experience. The criteria for acceptance include a track record of successfully impacting business growth…
Data modelling is a fundamental process in data engineering and analytics that entails designing and building data structures that accurately describe the relationships between data pieces. Effective data modelling is required for organising, storing, and analysing data in a way that supports corporate objectives while also providing useful insights and decision-making. In this in-depth post,…
South Africa is about to join Google’s 35 cloud regions and 106 zones global network. Through the use of Google Cloud regions, users can access a number of services from certain geographical locations, including cloud storage, processing engines, and key management systems. According to Google, customers in Africa are already utilizing the Cloud to solve…
The 2022 MEST Africa Challenge will begin with the regional pitch competition, which will feature 36 eligible technology startups from 5 different African nations. The Competition’s Upcoming Stage The MEST Africa Challenge and the next regional contests have received some important changes from MEST. The chosen firms will be divided into 4 primary groups for…
Today, Samsung Nigeria officially launched the Galaxy A04s into the Nigerian market. The launch of this device reinforces Samsung’s commitment in providing affordable yet quality devices that addresses the daily needs of consumers. The smartphone is packed with 4G/64 GB & 4G/128GB storage variants expandable to 1TB and runs on a One UI Core 4….
The first-ever sustainability-focused cohort of the MEST Express accelerator has chosen six impact-driven Ghanaian entrepreneurs to participate, and they will each get a grant of $5,000 in addition to various forms of support. Along with Pre-MEST and MEST Scale, MEST Express is one of three programs that MEST runs in collaboration with the Mastercard Foundation….
The Grindstone Accelerator in South Africa has teamed up with Naspers Labs to introduce GrindstoneX, a new all-female accelerator programme intended to increase the investability, scalability, and exit-readiness of women-led firms. Grindstone, a company founded in 2014 and jointly owned by Knife Capital and Thinkroom, focused on helping high-growth, innovation-driven firms achieve scale. The youth…
An organization in its early phase of existence is referred to as a start-up. Entrepreneurs that desire to create a product or service think there is a market for launching start-ups. Because start-ups often have high startup costs and low revenue, founders frequently look for money from a variety of internal and external sources, including personal savings,…
This week, MTN South Africa released a request for proposals (RFP) that will transform the MTN Headquarters into a fully “green” workplace in order to secure and obtain dependable energy. As part of the company’s larger Project Zero program, which investigates all forms of renewable energy on both a large and local scale, Phase 1…