2024-04-26 13:19
The recent financials of prominent consumer internet brand Opera Limited suggest an interesting uptick in the valuation of its Nigerian portfolio company, OPay; one of the leading mobile-bas… Read More
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Business News Africa Ensures Your Business Stability With African Technology Start-ups Blog
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Business News Africa holds taking into consideration the factors of achieving success in African technology start-ups so as to capitalize the news. It turns about to make the right decisions while concerning bold business ventures.
2024-04-25 14:55
The clash between traditional banks and fintech upstarts continues to escalate in Nigeria’s bubbly fintech landscape. The recent case involving Wema Bank’s suspension of several… Read More
2024-04-25 10:15
The NBA Africa Startup Accelerator seeks to support Africa’s tech ecosystem and the next generation of African tech entrepreneurs by providing them with access to mentorship and capita… Read More
2024-04-25 09:03
Goodwell Investments, a Dutch impact investing firm specializing in supporting enterprises within emerging markets, has recently declared its investment in OmniRetail, a Nigerian B2B e… Read More
2024-04-25 08:25
HyperionDev, a South African-headquartered tech education provider, has announced raising R95 million (5 million), bringing its total growth investment to R595 million (USD 31.1 M). The &hell…Read More
2024-04-23 14:32
The startup ecosystem in South Africa is a buoyant and dynamic industry propelled by innovation, entrepreneurship and a growing economy. The country has witnessed a significant surge in vent… Read More
2024-04-23 13:40
1.5°c, if you keenly follow the debates and talks about climate change 1.5 is a figure you must have come across often. Well, 1.5°c is the limit above the pre-Industrial-age-temperat… Read More
2024-04-23 12:04
Flutterwave, Africa’s top-valued fintech, is making strategic moves amid speculation about its readiness for an Initial Public Offering (IPO). CEO Olugbenga Agboola’s recent stat… Read More
2024-04-23 11:21
Renew Capital, an Africa-focused impact investment firm that backs innovative companies with high-growth potential, has invested in Farm to Feed, a Kenyan B2B platform addressing some of the… Read More
2024-04-23 10:56
Egypt-based podcast production company The Potcast Productions Company (TPP) has raised an early financing round at an undisclosed value, through the Shark Tank program. The financing round… Read More
2024-04-23 10:38
Saudi Venture Studio (VMS) proudly announces its investment with Waffarha.com, an Egyptian premier group-buying website, and mobile app. The new funds will be deployed to double down Waffarh… Read More
2024-04-23 10:09
bluworks, an Egypt-based startup developing blue-collar HRTech SaaS solutions, has raised a USD 1 M pre-Seed investment round, led by Saudi venture capital firm Khawarizmi Ventures. The fund… Read More
2024-04-23 09:53
Bokra, a Cairo-based fintech, announces the successful closure of its USD 4.6 M pre-Seed round led by DisrupTech Ventures, and SS Capital alongside other investors, as it seeks to revolution… Read More
2024-04-22 12:07
M-KOPA, a prominent African fintech platform offering asset finance has joined forces with Bolt, one of the main players in on-demand mobility in Africa, to launch an electric bike fleet in… Read More
2024-04-22 11:03
TLcom Capital, an African VC firm with offices in Lagos and Nairobi and a focus on early-stage startups, has concluded fundraising for its second fund, TIDE Africa Fund II, totaling US… Read More
2024-04-18 14:05
Moniepoint Inc., the parent company of one of the largest business payments and banking platforms in Nigeria, is pursuing global ambitions with the ongoing expansion of operational… Read More
2024-04-18 11:13
The Folklore, a B2B marketplace helping fashion brands from emerging markets like Africa, Asia and The Caribbean tap into the international market, has secured USD 3.4 M raised in a seed fun… Read More
2024-04-18 09:51
Kenya is proving a fertile ground for a growing trend researchers are calling “social agriculture” – a term which describes how farmers use social media as a source of reve… Read More
2024-04-17 08:56
New details have emerged on the unsuccessful Konga-Jumia merger attempted in the early days between two companies considered among e-commerce pioneers in Nigeria and the African continent at… Read More
2024-04-16 08:25
The African secondhand vehicle trader market is a vibrant and dynamic sector, driven by factors such as affordability, availability, and a wide range of choices for buyers. In South Africa… Read More
2024-04-15 15:27
Renew Capital is happy to announce its first investment in Mozambique. The Africa-focused impact investment firm that backs innovative companies with high-growth potential invested in Roscas… Read More
2024-04-15 15:05
Agricultural insurance and technology company Pula has closed a USD 20 M Series B fundraising round. The funding round was led by BlueOrchard, via its InsuResilience strategy. Other investor… Read More
2024-04-12 17:29
African countries are looking to assert their imprint on the fast-developing artificial intelligence (AI) landscape as they grapple with the challenges of cultural representation and economi… Read More
2024-04-12 14:21
Analysts are convinced South Africa’s top e-tailer Takealot has a lot to worry about as Amazon’s launch in South Africa draws near.
Online shopping in the country has witnesse… Read More
2024-04-12 11:50
Digital loans are proving useful to Kenyan farmers as they gradually warm up to various avenues to secure credit, including banks, SACCOs, informal lenders, and government initiatives like t… Read More
2024-04-11 12:44
The FINCA Ventures Prize awarded USD 400 K in grants to 12 social enterprises making a difference in sub-Saharan Africa. The first-ever competition, held on March 2024, showcased t… Read More
2024-04-11 12:24
Hewatele, a medical oxygen producer in Kenya, has secured a USD 20 M USD funding package from Finnfund, DFC (the U.S. International Development Finance Corporation), SEDF (Soros Economic Dev… Read More
2024-04-11 12:06
Affinity Ghana, a full-scale digital bank has secured funding from the Africa-focused impact investment firm Renew Capital.
Founded by Tarek Mouganie in 2020, Affinity offers a full… Read More
2024-04-11 11:53
WeCare, proudly announces a milestone achievement with the successful raise of USD 350 K dedicated to accelerating innovation in the lab-grown diamond sector. The funding initiative garnered… Read More
2024-04-11 09:32
Inputi LTD, one of leading agritech firm based in Uganda, has announced the signing of a significant investment agreement with the United States International Development Finance Corporation… Read More
2024-04-11 08:32
SunCulture, an African solar irrigation startup that offers a Pay-As-You-Grow option that allows small monthly installments, has raised a USD 27 M equity funding round co-led by billionaire… Read More
2024-04-11 07:26
Verod-Kepple Africa Ventures (VKAV) has announced that it has closed its first fund at USD 60 M. Key institutional investors in the fund include SBI Holdings, Toyota Tsusho Corporation… Read More
2024-04-09 16:11
In the wake of the Commercial Bank of Ethiopia (CBE) grappling with a significant technical glitch, a new development has emerged: not all exploiters possess the means to repay, thrusting bo… Read More
2024-04-08 17:14
South Africans are favouring mobile payments over traditional physical wallets, with adoption rates matching or even surpassing those of cities in both emerging markets and developed economi… Read More
2024-04-08 06:25
Weetracker and AFEX recently announced a series of Masterclass sessions aimed at empowering African startups with the knowledge and skills essential for thriving in today’s competitive… Read More
2024-04-05 21:48
Kenya-based B2B e-commerce player MarketForce and business lender Pezesha, two startups that appeared to be at loggerheads, have announced an out-of-court settlement in their longstanding di… Read More
2024-04-04 13:45
Ghana-based healthtech leader Rivia, announced today the acquisition of Waffle, a Ghanaian SaaS company specializing in software for small and medium-sized businesses. The acquisition is exp… Read More
2024-04-04 12:58
Generative Artificial Intelligence (genAI), still in its nascent stages within the tech landscape, is emerging as a promising tool for customer engagement and marketing efficiency in Nigeria… Read More
2024-04-04 11:21
ANAVA, managed by Smart Capital, has made a USD 4.3 M investment in Janngo Capital Startup Fund (JCSF), a technology fund focused on Africa and promoting gender equality. This marks Janngo C… Read More
2024-04-04 10:53
BURN Manufacturing (BURN), a prominent clean cookstove production company based in Kenya, has successfully raised upwards of USD 12 M in carbon financing (PE), with the primary aim… Read More
2024-04-04 09:22
Adenia Partners Ltd., a private equity firm focused on African opportunities, has announced closing its fifth and largest Africa-focused fund to date, Adenia Africa Fund, for USD 4… Read More
2024-04-02 12:37
Zeepay, a Ghana-based remittance and mobile money service company, has announced closing a USD 3 M equity investment from Verdant Capital Hybrid Fund. This marks Verdant’s fourth inves… Read More
2024-04-02 12:06
Triply, a Kenyan fintech that helps travel businesses collect payments has been selected for Y Combinator’s winter 2024 batch. Triply is the latest African startup in the cohort after… Read More
2024-04-02 11:38
African startups are facing a period of reassessment and realignment as fledgling players announce their decisions to return remaining capital to investors and shut shop. These developments… Read More
2024-04-02 09:22
Weetracker Media is proud to announce its partnership with AFEX to launch a series of Masterclass sessions for African companies. Weetracker has been a critical player in the African ecosyst… Read More
2024-03-28 10:57
The Commercial Bank of Ethiopia, the country’s largest lender, has made significant strides in recovering funds lost due to a recent software glitch. According to the state-owned lende… Read More
2024-03-27 11:04
In a series of groundbreaking developments, South Africa’s financial regulatory authorities are ushering in a new era for cryptocurrency integration within the traditional financial sy… Read More
2024-03-26 13:50
The ascent of digital wallets is reshaping the landscape of financial transactions, presenting a myriad of benefits as a payment solution. Offering convenience, security, and accessibility… Read More
2024-03-26 12:10
BasiGo has secured USD 3 M worth of equity funding from CFAO Group (CFAO), one of the leading players in mobility, healthcare, consumer, infrastructure business in Africa, wholly owned by To… Read More
2024-03-26 11:07
Africa’s leading telecommunications giant, MTN Group Ltd, remains open to selling up to 30 percent of its thriving fintech arm amid soaring transaction volumes. Despite facing its larg… Read More
2024-03-26 10:48
Sprints.ai, an AI-powered edtech that seeks to redefine education for the future, has announced a USD 3 M bridge fundraising round, with investments from EdVentures and CFYE, among other inv… Read More
2024-03-26 09:24
Venture Capital (VC) firm HAVAÍC has led an R12 million (USD 634 K) follow-on investment round in RNR (Right Now Response). The Cape Town-based VC firm contributed R10 million followi… Read More
2024-03-25 10:38
Following the detention of Nadeem Anjarwalla, an Oxford- and Stanford-educated government affairs specialist for Binance who joined the crypto company a year ago, along with a colleague in N… Read More
2024-03-21 15:16
Ethiopian authorities and appeals to conscience have taken centre stage following a technical glitch that allowed customers to withdraw millions from the Commercial Bank of Ethiopia (CBE)… Read More
2024-03-21 11:13
P1 Ventures, a pan-African Seed Venture Capital (VC) fund, has announced the second close of its USD 35 M fund to expand its team and operations to Dakar, Senegal, and Nairobi, Kenya. In Sep… Read More
2024-03-21 10:54
ClusterLab, the company behind the Arabic audiobook summarization app Reedz, has secured USD 600 K in pre-seed funding. This round boasts support from prominent investors, including Karim Be… Read More
2024-03-21 08:51
Early-stage venture capital firm Acasia Ventures has invested a six-figure bridge round in Cairo-based digital marketplace Pharmacy Marts. Pharmacy Marts claims to have covered 20% of E… Read More
2024-03-21 08:19
NCBA Group has tapped a USD 50 M (Sh6.73 billion) loan from French development finance institution Proparco for on-lending to small and medium-sized enterprises (SMEs) and those whose activi… Read More
2024-03-20 13:40
In a testament to Africa’s burgeoning tech ecosystem, three of the continent’s startups have secured coveted spots on Fast Company’s list of Most Innovative Companies in th… Read More
2024-03-19 12:11
Standard Bank is proud to announce its provision of a growth facility to Float Technologies Proprietary Limited (Float). As the mandated lead arranger and sole funder, Standard Bank has prov… Read More
2024-03-19 10:03
Egypt-based fintech MNT-Halan has acquired Advans Pakistan Microfinance Bank. The terms of the deal remain undisclosed. In February 2023, MNT-Halan raised up to USD 400 M in equity… Read More
2024-03-19 09:09
Moove, an African mobility fintech that offers vehicle financing to ride-hailing and delivery app drivers, has raised USD 100 M in a funding round as it plots expansion into new markets. The… Read More
2024-03-19 08:52
mTek, a Kenyan-based digital online insurance platform, has secured an investment of USD 1.25 M (Ksh.167.8 million) from Verod-Kepple Africa Ventures and Founders Factory Africa. The new fun… Read More
2024-03-19 08:26
Nigerian startup Zone, a payment infrastructure company, has raised USD 8.5 M in an oversubscribed seed funding round to help it scale its blockchain-based decentralised payment infrastructu… Read More
2024-03-19 07:00
As major internet outages continue to plague several African countries due to disruptions in undersea cables, interest in alternative connectivity solutions is surging. SpaceX’s Starli… Read More
2024-03-18 11:29
Moove, a prominent mobility fintech platform, has unveiled its ‘Moove Cares’ initiative aimed at alleviating the impact of Nigeria’s inflationary pressures. This move follo… Read More
2024-03-15 09:47
Morocco-based super-app ORA Technologies raised USD 1.5 M in seed funding from undisclosed Moroccan entrepreneurs. The funding comes one year after the startup raised USD 1 M from local priv… Read More
2024-03-15 09:35
Egypt-based B2B healthtech 30Med has raised pre-Seed funding from undisclosed angel investors. The new funding should provide the company with the necessary resources to further develop its… Read More
2024-03-15 09:19
Youverify, a Nigerian provider of identity verification and anti-money laundering (AML) solutions for banks and startups, secured a USD 2.5 M investment from Elm, which specializes in offeri… Read More
2024-03-14 12:14
Major global tech firms such as Amazon, Google, and Microsoft are actively seeking talent in South Africa to fill various positions within their organisations.
Amazon currently has 74 job… Read More
2024-03-13 10:06
Nigeria’s rift with Binance, the world’s largest cryptocurrency exchange, has escalated, drawing attention to the murky intersection of crypto regulation and international diplom… Read More
2024-03-13 07:49
Dodai, an Addis Ababa-based electric vehicle (EV) startup, has secured USD 4 M in its Series A round, marking one of the largest amounts raised by startups in Ethiopia in a single round. The… Read More
2024-03-12 09:06
Planet42, a South Africa-based car subscription company, has raised USD 16 M (R300 million) in local-currency debt and equity funding from Standard Bank to repay costly euro-denominated loan… Read More
2024-03-12 08:50
Ring Capital, a French VC firm has announced the launch of an impact investment fund, Ring Africa, targeted at French-speaking West Africa. The fund will invest in startups with strong socia… Read More
2024-03-12 08:44
South Africa-based Simera Sense, one of the world leaders in providing end-to-end optical payload solutions to the small satellite Earth observation industry, has raised €13.5 mill… Read More
2024-03-12 08:13
Egypt-based adtech dKilo has secured USD 3.2 M in seed funding, mix of equity and financing, from Upturn Ventures, to create a new channel for brands to engage with consumers… Read More
2024-03-11 12:53
Digital lenders in Kenya are reaching out to the Central Bank of Kenya (CBK) for guidance on necessary documentation to expedite the clearance of over 400 pending license applications.
Th… Read More
2024-03-08 14:07
In the spirit of International Women’s Day 2024, aptly propped by this year’s campaign themes: “Inspire Inclusion” and “Invest in Women: Accelerate Progress&rdq&hell…Read More
2024-03-08 10:51
This year’s International Women’s Day theme “Invest in Women: Accelerate Progress” challenges us to rethink how we can empower women to the benefit of society. … Read More
2024-03-08 10:30
The global automotive industry has shifted significantly towards electric vehicles (EVs) in recent years. This shift is aimed at reducing carbon emissions and fighting climate chang… Read More
2024-03-08 10:00
LemFi has announced that Allen Qu will be the new Vice President of Growth, leading the company’s expansion to China with its innovative international payment solutions. This announcem… Read More
2024-03-07 11:52
RecoMed, a South African digital healthcare marketplace company, has raised new funding from the Japanese pharmaceutical firm Eisai. While the company has not disclosed the exact amount of f… Read More
2024-03-07 11:27
Moroccan FinTech start-up tookeez has announced a significant fundraising round of USD 1.5 M from Azur Innovation Fund, a public private seed capital fund renowned for its commitment to supp… Read More
2024-03-06 11:01
MDaaS Global, a pioneering healthtech company and operator of Nigeria’s fastest-growing healthcare network – BeaconHealth Diagnostics, raised a USD 3 M Pre-Series A round of fina… Read More
2024-03-06 10:33
Gro Intelligence, the Kenya-born agritech startup with holdings in the U.S., is facing financial turbulence as it struggles to meet payroll obligations. The company, known for building the w… Read More
2024-03-05 13:16
HR startup Deel, announced it is acquiring African-based payroll and HR software and services company PaySpace in a deal that marks its largest acquisition to date. Financial terms… Read More
2024-03-04 15:09
“Fascinating”
This is how a foreigner described buying vegetables at a local Indian market using just his phone. But this was no ordinary tourist but the German federal minist… Read More
2024-03-04 12:44
South African startup Cue, known for its AI-powered customer service platform, has secured R38.3 million (USD 2 M) in seed funding from angel investors. This fresh capital injection fol… Read More
2024-03-04 10:17
The proposed Conduct of Financial Institutions (COFI) Bill is poised to transform the South African finance sector, industry players reckon, promising increased competition and innovation, p… Read More
2024-03-01 16:13
After achieving remarkable success with its first clients in Morocco, the startup “Khabiry” has decided &hell…Read More
2024-03-01 15:35
Gebeya Inc., the leading Talent Cloud technology company, has joined together with Microsoft to launch the Microsoft Talent Cloud powered by Gebeya. The gateway, which is now open for access… Read More
2024-03-01 13:58
Nigeria's heightened crackdown on cryptocurrency companies over the naira’s slide is driving the local crypto community underground, moving traders to informal channels on inst… Read More
2024-02-29 13:59
In the wake of the global tech funding drought, the repercussions have been profound, resulting in valuation cuts, down rounds, and a chain reaction of closures and layoffs across Africa&rsq&hell…Read More
2024-02-29 08:18
BFREE, an ethical credit manager platform, raised USD 2.95 M. The round was led by Capria Ventures with participation from Angaza Capital, GreenHouse Capital, Launch Africa, Modus Africa, Ax… Read More
2024-02-28 11:43
African venture capital firm Renew Capital has launched a new pan-African tech fund to back innovative founders building world-class companies on the continent.
Renew Venture Lab Fund 1… Read More
2024-02-28 11:15
Dubai-based early-stage venture capital firm COTU Ventures is announcing that it has raised USD 54 M for its inaugural fund to support startups in the Middle East from pre-seed to… Read More
2024-02-28 09:54
US-based Egyptian fintech MoneyHash has raised a USD 4.5 M seed funding round, co-led by COTU Ventures and Sukna Ventures, with participation from RZM Investment, Dubai Future District Fund… Read More
2024-02-27 14:53
BuuPass, a digital travel ticketing platform based in Kenya, has recently received an investment from Tim Draper, a renowned venture capitalist who strongly advocates entrepreneurship and in… Read More
2024-02-27 12:27
Fuliza, the overdraft service of Kenya’s top telco Safaricom, is dominating the microloan market, causing a retreat of other digital credit providers, the Competition Authority of Keny… Read More
2024-02-23 16:38
Kenya, the acclaimed Silicon Savannah, is reeling from turbulence in its tech landscape. Notable companies like Cellulant, Twiga, Wasoko, and MarketForce have recently grapple… Read More
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