The Africa’s Business Heroes (ABH) prize competition has announced a new Community Lead and ScaleUp Program to provide ABH applicants and finalists with more enhanced mentoring and networking opportunities. Now in its fourth year, applications for the ABH grant are now open in both French and English, and the competition has already attracted talented entrepreneurs…
A month after its first African landing in Togo, Google’s Equiano mega subsea cable has arrived in Lagos, Nigeria. The cable system’s second African landing will be in the Lekki Peninsula area of Lagos. The announcement was made in a tweet today, April 21, 2022, and comes just in time for the system’s highly anticipated…
Time is the one commodity we don’t have a lot of in our fast-paced lives. And, as the pandemic has demonstrated, when we do have free time, we prefer to spend it with family and friends rather than on time-consuming and often onerous tasks such as banking, saving, or filling out forms. So, here are…
African startups raised approximately $5 billion in 2021, nearly tripling the amount raised in 2020. While the ecosystem has received more funding, technical talent has not grown at the same rate. According to the Africa Developer Ecosystem Report, the number of professional software developers in Africa will increase by 3.8 percent to 716,000 engineers by…
Injini, a Cape Town-based ed-tech non-profit, is launching a think tank to provide market research to entrepreneurs in the space and to advocate for educational reform. According to Injini, which was co-founded by the Cape Innovation & Technology Initiative (CiTi) and has run a number of accelerator programs for ed-tech startups in Africa, the Injini…
Mrs. Ujama Akpata and Mrs. Kikelomo Fola-Ogunniya, founders of Jand2Gidi, held a media conference on Wednesday, April 13th. Ms. Nancy Ogbue, Event Host MC, moderated the event and introduced Jand2Gidi, praising them for their consistency over the years. She also mentioned that with Jand2Gidi, the usual frustrations associated with sending deliveries are becoming a thing…
Google has announced the opening of its first product development center in Africa, which will be located in Nairobi. The new product development center will assist in the development of transformative products and services for people in Africa and around the world, and it will hire visionary engineers, product managers, UX designers, and researchers to…
Leatherback, a cross-border payments network based in the United Kingdom, has received a $10 million Pre-Seed fundraising round from Zedcrest Capital, a major pan-African principal investment group. The funding will allow the growing Fintech company to focus on critical activities, including hiring strategic roles, elevation in its marketing and branding strategy, and traction and visibility…
Transfy, a Nigerian fintech startup, has seen strong early adoption of its payment infrastructure, processing $15 million in its first year, and is planning continental expansion. Transfy, based in Lagos, will launch a blockchain-powered financial services platform in April 2021, making it simple for individuals and businesses across Africa to send and receive money seamlessly,…
Kudi, an African payment network, has rebranded as Nomba. This was announced in a press release as part of the company’s transition from a single payment platform to an omnichannel payment platform. Payment collections, trade finance, company reporting, and multiple location administration are among the new business capabilities produced by the new omni-channel payment platform,…
OXFORD, U.K. – April 14, 2022 – Sophos, a global leader in next-generation cybersecurity, todayunveiled advancements to Sophos Cloud Workload Protection, including new Linux host and container security capabilities. These enhancements accelerate the detection and response of in-progress attacks and security incidents within Linux operating systems, improve security operations and bolster application performance. According to new…
Founded in January 2020 by Dady Maël and Kader Saka, PAL creates its own payment infrastructure for cash-in and cash-out to mobile wallets, without the need for a third-party technology component integration. It offers this service as an open API with a web interface that can be used for inbound remittance, payment, loans, and many financial…
The last e-Track Programme concluded earlier this month with seven of the graduating startups pitching their businesses to an audience at a hybrid event hosted on the GSB campus, which was run by UCT GSB Solution Space – a specialized centre of the University of Cape Town Graduate School of Business focused on high-impact early…
Elloe is a first-of-its-kind AI-powered conversational commerce platform that allows SMEs to buy and sell products online across any messaging platform. It was founded by Owen Sakawa. Mad Ventures, located in the Philippines, led the US$1 million pre-seed fundraising round, which would help Elloe expand across Kenya and other emerging economies. “The opportunity to engage…
WhatsApp has finally caught up to the competition and increased the file limit. Large files of up to 2GB can now be shared. WhatsApp also intends to expand the range of emoji message reactions from Thanks to Sad, Surprised, Like, Laugh, and Love to cover all emojis and skin tones. WhatsApp groups are also getting…
According to filings filed with the SEC, Elon Musk, who recently purchased a 9.2 percent stake in Twitter, has made an offer to buy the firm altogether for $54.20 per share in cash in a hostile takeover worth around $43 billion. Musk stated in the filing that if his offer is rejected, he will most…
At Huawei’s ICT Competition Awards Ceremony on April 9, 2022, the company announced the commencement of its LEAP digital skills development program. According to the Chinese tech conglomerate, the LEAP program seeks to help over 100,000 people in Sub-Saharan Africa improve their ICT abilities in three years. LEAP (Leadership, Employability, Advancement, and Possibilities) is a…
Gaviti, an automated service that helps businesses collect and manage customer bills, has closed a $9 million Series A fundraising round headed by Flashpoint in the United Kingdom, with participation from Moneta VC, North First Ventures, TAU Ventures, and LETA Capital. Their platform allows organizations to manage their collections process through a user-friendly application, giving…
Pylon, an Egyptian infrastructure management business for emerging market water and energy utilities, has raised a $19 million seed round to advance water and electricity software. Endure Capital of the United States led the round, which was a mix of debt and equity, and was backed by British International Investment (previously CDC Group), the UK…
The Central Bank of Nigeria granted MTN the permission to operate Mobile Money (MoMo). Since its inception in 2019, MTN Nigeria’s Mobile Money (MoMo) service has attracted over 9 million subscribers. According to TechCabal, the license means MTN Nigeria would be able to provide practically all the services provided by traditional commercial banks, except for…
The Alexandria Angels Network, along with members of MED Angels and AUC Angels, Cubit Ventures, Challenge Fund, EdVentures, Falak Startups, and Cairo Angels, led a $1.2 million Series A fundraising round for Egypt-based edtech Sprints. “The organization has successfully given 20,000 learning sessions in the last two years.” Sprints’ co-founder and CEO, Ayman Bazraa, stated,…
The EatSafe Innovation Challenge, organized by Feed the Future in collaboration with the SUN Business Network (SBN) and the Innovative Food System Portal, is searching for businesses, students, researchers, and other innovators in Nigeria and Ethiopia who are concerned about food safety. The EatSafe Innovation Challenge invites innovators to offer their thoughts on how existing…
Nigeria’s first marketing and media hackathon, dubbed MarkHack 1.0, has been established by Eko Innovation Centre, a growth and development hub for startups and entrepreneurs in Nigeria. The luncheon, which took place at D’Podium Event Centre in Lagos, was attended by innovators, entrepreneurs, policymakers, marketers, and media professionals, as well as many more from across…
In response to teacher and administrative requests, Zoom has introduced additional functionality for its Education users. Virtual Background and Blur for Chromebooks, Anywhere Polls, and Breakout Room upgrades are among the new Zoom chat and meeting capabilities. According to the firm, the new features are aimed to encourage students to complete homework projects and are…
V8 Capital Partners has given ShapShap, a Nigerian on-demand delivery firm, a seed extension investment to help it expand its capabilities and penetrate new markets. The fresh funds will be used to improve the startup’s last-mile delivery capabilities for businesses and individuals in Nigeria, with ambitions to expand to other African countries in the near…
Elon Musk, Twitter’s largest shareholder, has decided not to join the company’s board of directors, according to CEO Parag Agrawal. Musk, who calls himself a free-speech absolutist and has been critical of Twitter, disclosed a 9.1% interest in the social media network on April 4 and said he intends to make big improvements. His appointment…
ImaliPay, a $3 million seed fundraising round has been finalized for a Pan-African fintech start-up that focuses on boosting the gig economy through its one-stop-shop financial services platform. ImaliPay was founded in late 2020 in Nigeria after Tatenda Furusa (Co-founder) noticed problems with e-ride hailing drivers’ access to working capital and emergency savings in Nairobi. Upon…
Didi Chixung, the Chinese ride-hailing behemoth, has announced the closure of its operations in South Africa (SA), a year after it first opened its doors on the continent. A Didi representative in South Africa confirmed the closure to TechCrunch but did not elaborate on the reasons for the shutdown. “We have made the tough choice…
Lemonade Finance, founded in 2020 by Ridwan Olalere and Rian Cochran and a participant in Y Combinator’s W21 batch last year, allows Africans living abroad to send and receive money from their home nations in a cost-effective, timely, and efficient manner. Its software lets users keep their balances in the currencies that are important to…
Meta is said to be planning to add a virtual currency called “Zuck Bucks” to its apps in order to reward content creators and run other financial services such as loans. Mark Zuckerberg, the founder and CEO of Meta, recently abandoned a digital currency project called “Diem” after regulators halted its development. The project, which…