The African tech landscape is bustling with possibilities, yet the recent challenges faced by local startups following a decision by notable startup favourite Mercury Bank, to shut down acco… Read More
Blog Directory > Business Blogs > Business News Africa ensures your business stability with African technology start-ups business Blog >
Business News Africa Ensures Your Business Stability With African Technology Start-ups Blog
1
Tags:
informal economy
governance
financial
student
saas
undiscovered founders
cash
fintech
digital payments
social media
haspil
writing
solution
africa
zoho
kidato
cryptocurrencies
african students
safaricom
nala
mobile money companies
loftyinc alpha fund
founders fund
founders
learning
edtech
cryptocurrency
saleh
payment
south africa
financial
ecommerce
noki
support
startups
fintech
emergingtech ventures fund
roscas
african biotechnology startup
south african biotechnology
pitchwin startup competition
cloud communication startup
mpost
spark africa fund
import tax regulations
south african startup
rmb nigeria stockbrokers
digital tools
rwanda green fund
market
digital payments provider
africafocused digital payments
south african subsidiary
account
peach payments
south african fintech
south
south african climate
african climate tech
worldcoin
esos
african
startups
wasoko
gudo
south african
south
bill
noki noki
connect money
africa
reflector marketing
african diaspora
africa prize
south africaacircs
dollars
crypto
bank
management
social
takealot
south
digital
kuda
microfinance bank tanzania
selcom microfinance bank
selcom tanzania acquires
elevate secures usd
motor vehicle tax
finance bill
wasoko insists crucial
ifc proposes investment
emergingtech ventures
secures followup investment
productions secures followup
potcast productions secures
monthly active users
market
closes dual rounds
sahl closes dual
fintech sahl closes
zuri secures investment
financially underserved market
immobazyme secures usd
lafricamobile raises usd
startup lafricamobile raises
seed fund eur
firm breega hits
sparks job cuts
flutterwave
push sparks job
digital addressing
postal
government
safaricom plc safaricomplc
noki secures usd
cadana raises usd
money raises usd
connect money raises
manhattan criminal court
controversial worldcoin eyes
south african
development finance
development finance institution
africa uganda limited
utilis ventures
advisor utilis ventures
network acquires marketing
earlystage investor
elkheta raises usd
fashion arm superbalist
retailer plots fightback
pumpkn secures investment
startup pumpkn secures
agritech startup farm
cityblue hotels invests
zedcrest acquires rmb
rmb nigeria
kenyan startup peleza
prembly
startup peleza merges
worries kenyan officials
tymebank raises usd
south african fintech
nala raises usd
startup nala raises
fintech startup nala
rwanda secures usd
basigo rwanda secures
africa launches usd
innovate africa launches
innovate africa
uncover raises usd
startup uncover raises
ecommerce startup uncover
turnstay secures usd
fintech turnstay secures
travel fintech turnstay
awarded africa prize
engineering innovation
africaacircs unbanked population
billiondollar valuation amid
momint secures usd
startup momint secures
web startup momint
money transfer operators
provider dlight closes
solar provider dlight
startup lula acquires
mobility startup lula
dopay secures usd
fintech dopay secures
egyptian fintech dopay
money companies
kenyan startup biological
startup biological secures
biological secures usd
fintech accelerator program
inaugural timbuktoo fintech
ethiopian startups selected
fund
fmo approves usd
logidoo secures usd
african logistics startup
startup logidoo secures
egyptian fintech mnthalan
fintech mnthalan raises
mnthalan raises usd
payments acquires operativa
ticketmaster acquires quicket
meta
sextortion scams
amid regulatory heat
south african workers
fund raises usd
acre fund raises
acre fund
health secures usd
intron health secures
startup intron health
plentify secures funding
nigeria
amazon
fund
solar
bank accounts
south africa
economic presence
beauty
techenabled beauty
pitchwin startup
startup
seed funding
kenya
cityblue hotels
south african
human rights
social media
report
edventures
awebwa
quicket
egyptian healthtech
closes preseries
cadana raises
egyptian
nigeria
proving hostile
ticketmaster acquires
shutdowns analyzing
startup struggles
preseries
decade
insights
investing
shutdowns
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.
Intron Health, a Nigeria AI company that provides speech-to-text transcription tools for healthcare workers, has raised USD 1.6 M in a pre-seed funding round. The round was led by Microtract… Read More
Plentify, a South African climate tech company, has closed an oversubscribed funding round to fuel growth within South Africa and support expansion into international markets. The funding ro… Read More
The post Behind The Shutdowns: Analyzing Kenya’s Startup Struggles appeared first on WeeTracker Read More
South Africa is emerging as an unlikely frontrunner in the AI race. Adoption rates of generative AI tools among its workforce outpace those of many developed nations, painting a picture of a… Read More
One Acre Fund, a Kenyan-based social enterprise supporting 1 million smallholder farmers in East Africa, has secured a USD 1.4 M debt fund from Impact Bridge Asset Management, a Spanish fund… Read More
Just days after being slapped with a hefty USD 220 M fine by Nigeria’s Federal Competition and Consumer Protection Commission (FCCPC) for privacy violations, Meta Platforms Inc. has an… Read More
Ticketmaster is acquiring Quicket, one of the major players in Africa’s event and festival ticketing, to further support the rapidly growing live events market across the continen… Read More
At today’s multimillion-pound enterprises, master data management is no luxury but rather a necessity. Understanding its impact on business efficiency is invaluable. For solution archi… Read More
Peach Payments, a South African fintech company specializing in online and mobile payment solutions, has acquired custom software development firm Operativa. The acquisition will see th… Read More
Nigerian startup founders and tech industry stakeholders are reeling from a recent decision by Mercury Bank to close accounts linked to businesses located in the country, as well as more tha… Read More
African startups backed by Google for Startups’ Black Founders Fund are making funding headway, collectively raising USD 266 M from venture capitalists (VCs) in the last three years. T… Read More
Egyptian fintech company MNT-Halan has raised USD 157.5 M in capital, with USD 40 M of that coming from the International Finance Corporation (IFC). Other investors were Development Partners… Read More
Nigeria, once a hotbed for cryptocurrency activity in Africa, is increasingly proving a hostile hunting ground for global crypto players having stifled local startups.
Global exc… Read More
Logidoo, a Pan-African logistics startup that provides cross-border services to eCommerce businesses, has received a USD 50 K grant to develop and promote artificial intelligence (AI) soluti… Read More
Dutch development finance institution FMO has disclosed an approved USD 7 M investment in the LoftyInc Alpha Fund, a pan-African generalist early-stage venture capital fund investi… Read More
eQub, a fintech startup aiming to digitize peer-to-peer saving groups, and HuluCares, a startup focused on providing community-based Idir insurance, have been selected for the inaugural… Read More
d.light, the global provider of transformational household products and affordable finance for low-incomehouseholds, today announced the closing of a new securitization facility that will pu… Read More
LULA, a ride-sharing platform for office workers, has acquired the South African subsidiary of US-based staff bus-sharing startup Zeelo for an undisclosed amount. LULA plans to use Zeel… Read More
Dopay, a fintech startup providing a digital payroll and payments platform serving unbanked and underbanked workers in emerging markets, announced the closing of a strategic USD 13.5 M Serie… Read More
Zimbabweans are holding on to their preference for US dollars, posing a challenge to the country’s newly introduced gold-backed digital currency, the ZiG. This hesitance is fueling a b… Read More
Bio-Logical, a Kenyan climate startup, has secured USD 1.3 M in funding to expand its Mount Kenya biochar facility. The funds will go into increasing production capacity and enhancing its ef… Read More
Momint, a Web3 platform based in South Africa, has secured a USD 50 K grant from the DFINITY Foundation, a Swiss non-profit organization. The grant was obtained through the Interne… Read More
TerraPay, an Africa-focused digital payments provider, has raised USD 95 M from the International Finance Corporation (IFC) and the British International Investment (BII) to boost access to… Read More
TymeBank, South Africa’s fast-rising digital challenger bank, is setting its sights on new market segments and a coveted tech unicorn status, with outgoing CEO Coen Jonker aiming for a… Read More
Esther Kimani, a 2022 YouthADAPT winner, received the prestigious 2024 Africa Prize for Engineering Innovation from the Royal Academy of Engineering on June 13 in Nairobi, Kenya. YouthADAPT… Read More
Innovate Africa, an early-stage angel investment fund, has launched with an initial USD 2.5 M rollout to support up to 20 startups in its first year to solve complex, recognized problems suc… Read More
Uncover, a Kenyan marketplace for skin care products, has raised USD 1.4 M in seed funding. The company will use the fresh capital to expand into the US, Ghana, and Uganda. The funding… Read More
South African travel-focused fintech, TurnStay.com, has secured over R5.4 million(USD 300 K) funding from Silicon Valley and New York-based investors: DFS Lab and DCG. Th… Read More
Human rights activists are agitated following the travails of a 24-year-old Ugandan man, Edward Awebwa, who has been sentenced to six years in prison for a TikTok video criticising the count… Read More
Tanzania-born fintech startup, NALA, buoyed by fresh injection of significant capital, is looking to stand out with bold ambitions. NALA recently secured a hefty USD 40 M Series A, an inves… Read More
BasiGo Rwanda has been awarded a RWF 300 million (USD 225 K) recoverable grant from Ireme Invest, the Rwanda Green Fund ‘s green investment facility. The financing will be used by Basi… Read More
Kuda, the Nigeria-operating London-headquartered fintech challenging traditional banks by offering mobile-first and personalised banking services, is doubling down on its global expansion pl… Read More
Nala, a remittance startup that is now widening its portfolio through a new B2B payments platform, has raised USD 40 M equity in a rare deal that becomes one of the largest Series A tra… Read More
South African digital banking platform TymeBank has raised USD 77.8 M in a pre-Series C round led by African-focused growth-stage fund Norrsken22 and Swiss global impact investment… Read More
A policy gaffe that rocked Nigeria in 2023 under the command of the country’s financial industry regulator is inadvertently pushing the country’s digital payments landscape forwa… Read More
Kenya’s government is on edge as youth-led agitation calling for the President’s resignation, initially sparked by the contentious Finance Bill 2024, gains momentum through a pot… Read More
Zedcrest, a Nigerian debt and equity capital markets investment firm, has acquired the Nigerian arm of RMB Stockbrokers for a figure between ₦400 million and ₦420 million(re… Read More
Kenyan identity management startup, Peleza has merged with YC-backed Prembly to form the Prembly Group in an undisclosed deal. With this merger, the Prembly group seeks to build a… Read More
Pumpkn, a South African startup actively addressing the funding gap in agriculture by offering and facilitating financial support for agribusinesses, has raised investment from Renew C… Read More
CityBlue Hotels, one of Africa’s fastest-growing local hotel chains, has taken an equity position in the B2B platform Farm to Feed which sources imperfect surplus produce directly from… Read More
South African e-commerce leader Takealot is revamping its strategy to counter the rising tide of foreign online retailers like Shein and Temu. These aggressive players have been rapidly capt… Read More
Alexandria-based EdTech startup ElKheta has raised USD 400K in seed round from EdVentures.
Founded in 2018 by Mohamed Abbas, Khaled Ashoush, and Sadek Mahmoud, El Kheta is an educational… Read More
Flashy new tech companies and cutting-edge tech get a lot of buzz. But for investors, the real excitement lies in booming tech hubs, areas where new companies are constantly popping up, fuel… Read More
Spark+ General Partner has announced the second and third closings of Spark+ Africa Fund, with a current AUM of USD 64 M. In the fund’s second closing in July 2022, the European C… Read More
Level Africa has announced the acquisition of Utilis Ventures, one of the leading Ugandan investment advisory firms. This strategic move is set to strengthen its ability to serve clients wis… Read More
Baobab Network, an early-stage investor that backs startups across Africa, has announced the acquisition of Reflector Marketing, a strategy and branding agency headquartered in South Africa… Read More
South Africa’s e-commerce leader, Takealot Group, presented a mixed bag in its recent financials for the year ended March 2024. While the group managed to reduce trading losses to USD… Read More
Worldcoin, the controversial cryptocurrency and digital identity project that was halted in Kenya shortly after launch last year, appears poised for a comeback in the country, in a move that… Read More
In 2018, Immy Nakyeyune embarked on a transformative journey, founding Mkazipreneur with aresolute mission: to support women entrepreneurs across Africa. Through strategic funding andpurpose… Read More
A Manhattan Criminal Court on Monday reached a verdict in the case against the accused in the gruesome murder of Fahim Saleh, a tech entrepreneur notable for launching Gokada, a once promine… Read More
Following last week’s demonstrations, Kenya erupted in protest this week against a new finance bill seen as exacerbating economic hardship.
The demonstrations, which have registered… Read More
Noki Noki, a Congolese-based logistics company specializing in food delivery and grocery shopping, has secured USD 3 M in seed funding. The funding round was led by Uma Ventures, a VC f… Read More
Fintech startup Cadana, has secured USD 7.1 M seed funding to revolutionize remittances for African professionals. This financial injection which was led by Costanoa Ventures, including cont… Read More
Connect Money, an Egyptian banking-as-a-service fintech company, focusing on embedded finance services, has successfully closed its seed funding round of USD 8 M led by venture capital firms… Read More
In the heart of Africa’s bustling tech scene, one long-standing startup remains steadfast in tackling a challenge that might not grab headlines: the lack of reliable physical addresses… Read More
African fintech giant Flutterwave is undergoing a restructuring effort, letting go of 24 employees (around 3% of its workforce) as it focuses on its core business areas of enterprise payment… Read More
The post Decade of Insights: Renew Capital’s Experience in Investing in Africa appeared first on WeeTracker Read More
Paris-based VC firm Breega has secured commitments for around 70% of the capital of its USD 75 M in the first close. Since entering the VC scene in 2015, Breega has fully… Read More
A movement spearheaded by digital-savvy young Kenyans is rocking the East African nation. Through platforms like TikTok, X (formerly Twitter), WhatsApp, Facebook, and Instagram, a wave of di… Read More
Nigerian fintech startup Regxta has been named winner of the fourth edition of the Pitch2Win startup competition, bagging USD 10 K in equity-free funding and an all-expenses-paid trip to IVS… Read More
Senegal-based cloud communication startup LAfricaMobile has raised a USD 4.6 M Series A round of funding to accelerate its expansion across French-speaking Africa. The round was led by Janng… Read More
Immobazyme, a South African biotechnology start-up founded in 2019, has successfully raised USD 1.3 M in a recent funding round. The funding round was led by the The University Technology Fu… Read More
Over a month after its highly anticipated launch, Amazon’s entry into South Africa’s e-commerce market has sparked more curiosity than disruption. While the retail giant’s… Read More
All over the world, students are trying to run a marathon called “Do It All” in 2024. Many homework, work, and friends are difficult to combine into the school schedule. Academic… Read More
While headlines trumpet a tech boom in Africa’s biggest economies, a quieter revolution is unfolding in the heart of Mozambique.
Despite boasting rich natural resources and a young… Read More
Koo, the Indian microblogging app that swooped in as an alternative when Nigeria banned X (previously Twitter) in 2021, is struggling, reports suggest, as it appears the fairytale rise of th… Read More
Cryptocurrency trading is becoming an increasingly popular activity that involves buying and selling cryptocurrencies on online trading platforms. Although a relatively new and constantly ev… Read More
The Cairo-based startup, Sahl, has raised USD 6 M in Series A and seed funding to act as a one-stop shop for household bills in collaboration with government entities. Ayady for Investment a… Read More
Zuri, a tech-enabled beauty company seeking to transform the African beauty industry with high-end beauty products designed by Africans, has received investment from Renew Capital.
Establ… Read More
Wasoko, a leading Kenyan B2B e-commerce platform, has countered recent reports that its would-be landmark merger with Egyptian counterpart MaxAB is stalling while addressing concerns about o… Read More
The International Finance Corporation (IFC) has disclosed a proposed equity investment of up to USD 4 M in EmergingTech Ventures Fund II (Emtech II), a Moroccan domiciled early-sta… Read More
Egypt-based podcast production company The Potcast Productions Company (TPP) has closed a pre-seed funding round with strategic investments from Innovative Media Productions (IMP), the media… Read More
i’SUPPLY, a pioneering digital platform in pharmaceutical distribution, has successfully secured its pre-Series A funding round, bringing the company’s total funding to USD 2.5 M… Read More
Kenya’s technology ecosystem and players in its digital economy are not pleased with a raft of tax expansion measures proposed in a new Finance Bill that is making its way through the… Read More
Elevate, a San Francisco-based fintech company, has announced a USD 5 M equity-debt pre-Series A round led by Negma Ventures, a Dubai-based investment fund. The fintech, which already provid… Read More
Selcom Tanzania, a Pan African financial and payment technology services provider, has acquired Access Microfinance Bank to meet customer needs with innovative financial services and renamed… Read More
Africa’s education landscape faces a critical crossroads. The continent’s growing young population needs quality education, yet public schools grapple with overcrowding and limit… Read More
Imagine having all the tools you need to run your business efficiently, right at your fingertips, without the hassle of installing software or managing complex systems. That’s the magi… Read More
The ongoing dispute between one of Nigeria’s top lenders Guaranty Trust Bank (GTBank) and notable agritech startup AFEX, culminating in a Court recently giving the nod for the seizure… Read More
The European Investment Bank (EIB) has invested €25 million(USD 27.18 M) into Amethis Fund III, a pan-African fund providing private equity growth capital to medium sized companies. Ame… Read More
YoLa Fresh, a startup that directly connects smallholder farmers with traditional retailers of fruits and vegetables in Morocco, has fetched the company USD 7 M in pre-Series A funding… Read More
Gro Intelligence, once heralded as a pioneering force in agriculture technology, now finds itself at the centre of an unfortunate narrative of falling short following news of its shuttering… Read More
African music star, Patrick Okorie, better known as Patoranking, is the latest in a growing list of pop celebrities and famous personalities throwing their weight behind the continent’… Read More
Local startups are looking to put Uganda on the map as the emerging wave of employers empowering employees to get paid on-demand at all times regardless of payday takes shape across the cont… Read More
Microsoft has announced the introduction of its first African Startups AI Fest at GITEX Africa in Marrakech, Morocco today. Spearheaded by the organization’s Africa Transformation… Read More
Women Who Build Africa (WWBA), a community launched by Gwera Kiwana and Thea Sokolowski in 2022 to convene and support women leaders, investors and builders across Africa, has announced that… Read More
A consortium led by Nigerian fintech darling Paystack has completed the acquisition of Brass, a business banking startup catering to small and medium-sized enterprises (SMEs), in what looks… Read More
Industry players are observing with keen interest following the Nigerian government’s recent proposal to exempt 95% of the informal sector from taxes as a significant step towards bols… Read More
M-KOPA, a fintech platform operating in Kenya and four other African countries, has secured a USD 51 M loan from the U.S. International Development Finance Corporation (DFC) to enhance digit… Read More
Roam Electric, Mogo Kenya and BasiGo have each received USD 10 M in debt from the US government to support the design and development of electric motorcycles and buses as… Read More
The post WT Podcast: Chowdeck appeared first on WeeTracker Read More
Andela, notable for its groundbreaking tech talent initiatives in Africa and since reborn as a global marketplace for tech talent, underwent a tumultuous transformation that stirred concerns… Read More
Copia Kenya, the e-commerce/fintech platform for mass market consumers in Kenya, announces a significant restructuring of the business. The Company has hired Makenzi Muthusi and Julius Ngong… Read More
Orca, a South African startup that works with banks and fintechs in emerging markets to fight various types of fraud, has raised a USD 550 K pre-seed round. The money raised will be used to… Read More
An uptick in system breaches and exploits by bad actors has resulted in mounting losses for African businesses in recent years, with fintechs among others paying the price as targets of frau… Read More
Birdnest, a pioneering proptech startup revolutionizing the real estate investment landscape, is thrilled to announce the successful closing of a significant pre-Series A funding round. The… Read More
OneOrder, a tech supply chain and logistics solution that aims to revolutionize the hotel, restaurant, and catering (HoReCa) industries in Egypt, announces that it has raised USD 16 M in equ… Read More
Kenya’s government plans to introduce a Finance Bill in 2024, proposing new value-added taxes (VAT) on electric bikes, buses, and solar and lithium-ion batteries. This move has sparked… Read More
South Africa’s fintech sector is rapidly growing and attracting significant investment, positioning the country as a leader in African financial innovation, says Antonia Bothner, Capit… Read More
