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Incubation

11

Kowry Energy Announces Solar Power Projects in Nigeria, Senegal, and Mali

Within the first 16 months of the company’s existence, Kowry Energy, a sustainability-driven energy service provider focused on power provision across Sub-Saharan Africa, commissioned four decentralized solar energy systems in Nigeria, Senegal, and Mali.  Kowry Energy is a provider of hybrid energy systems that are both effective and economical, and they have the ability to […]

Staff Writer
6

Internet access in Sub-Saharan African cities

In today’s world, telecommunication companies compete fiercely to attract and keep as many customers as possible, as fast Internet access has become increasingly important for business and personal use. Ookla and UmlaT, two data and technology companies, have reported that MTN has the fastest Internet connection in sub-Saharan Africa. Compared to city-by-city, the specifics are […]

Babalola Seun
6

Operators claim that South Africa’s 3G sunset is too soon

The closure of South Africa’s 3G networks by 2025 is too soon, according to some local mobile operators who still rely heavily on the technology to connect with their customers. The top operators in South Africa think that the proposed end dates for both 2G and 3G by the government need to be talked about […]

Babalola Seun
11

Despite regulatory obstacles, Flutterwave obtains new payment licence

The Central Bank of Nigeria (CBN) has given Flutterwave, a payment service company in Nigeria, a Switching and Processing License. It will be able to enable transactions. Although the PSSP license lets customers pay merchants and the IMTO license lets them pay for power across borders, Flutterwave still had to deal with several partners to […]

Staff Writer
11

Janngo Capital Startup Completes Initial Fund Closing of $60 Million

On the eve of the 77th Session of the United Nations General Assembly, Janngo Capital Startup Fund (JCSF) announced its first closure at EUR34 million (roughly US$36 million) in capital commitments (UNGA). Janngo started in 2020 with the idea that technology and capital can speed up development and help Africa reach the SDGs. It will […]

Staff Writer
11

KoinKoin announces plans to expand globally

After reaching an annual turnover of more than $40 million in over-the-counter (OTC) transactions, the digital asset exchange KoinKoin, which primarily serves the African continent, has announced its intentions to expand its operations to other parts of the world. Read: Kenyan startup Turaco raises $10 million, aims for 1 billion users Users can engage in […]

Staff Writer
11

Kenyan startup Turaco raises $10 million, aims for 1 billion users

The delayed acceptance of innovations in the insurance industry is to blame for Africa’s poor insurance penetration rate, which currently sits below 3%. Many underwriters still use old-fashioned methods involving agents and paperwork when they sign up new clients. This makes it harder for them to reach more potential buyers and slows down the spread […]

Staff Writer
14

Capiter fires its founders after fraud allegations

Last September, Egyptian startup Capiter raised $33 million in Series A financing to contend in the nation’s developing B2B online business and retail space. A year later, the startup laid off a few employees, and its CEO and COO were relieved of their duties due to alleged asset mismanagement. Between June and July, a few […]

Felicia Akindurodoye
11

Disrupt Africa will publish a study on Nigerian startups

Disrupt Africa has accumulated a sizeable portfolio of publications since the launch of its research arm in 2016. The African Tech Startups Funding Report and Finnovating for Africa stand out as the most notable of these works. These reports can be read for free thanks to open-sourcing projects made with the help of many partners […]

Staff Writer
16

Nigeria, Binance, and Talent City Partner for Crypto City

The Nigerian government has held a preliminary meeting with cryptocurrency platform Binance Holdings Ltd. and Talent City to set up a digital economic zone to assist businesses in facilitating blockchain technology in the country. The partnership facilitated by the country’s export agency, Nigeria Export Processing Zones Authority (NEPZA), aims to build the first Virtual Free […]

Ibukunoluwa Josephine Bankole
16

Nigerian Technology Talents Are In High Demand Around The World-FG

The Director-General, National Information Technology Development Agency (NITDA), Kashifu Abdullahi, has described Nigerian technology talents as global resources that the world is in dire need of. This comes after Google announced 60 Africa Startups grantees for its second cohort of the Black Founders Fund (BFF) on Tuesday in Abuja, 23 of which are owned by […]

Ibukunoluwa Josephine Bankole
16

Google shortlists 60 African startups for its Black Founders Fund

The tech giant, Google, has shortlisted 60 African startup businesses for the second cohort of the Google for Startups Black Founders Fund (BFF). The 60 startups will get a total of $4 million in funding and help to help them grow their businesses. According to the company, the Google for Startups Black Founders Fund programme, […]

Ibukunoluwa Josephine Bankole
16

Nigeria Proposes Debt-For-Climate Swap Deal To Enable Africa’s Energy Transition

Nigeria’s Vice President, Yemi Osinbajo, has proposed a Debt-For-Climate (DFC) Swap deal to enable African countries to help advance the course of global net-zero emissions targets and facilitate energy transition access. The senior special assistant to the president on media said the fund must then be used for agreed climate projects in the debtor country. […]

Ibukunoluwa Josephine Bankole
16

Nigeria Will Begin Manufacturing Electric Cars In 2023

The Nigerian government has signed a Memorandum of Understanding (MoU) with Japanese and Israeli companies to begin assembling and manufacturing Electric Cars that are eco-friendly, green, electric, and smart automobiles. The National Agency for Science and Engineering Infrastructure (NASENI) signed the partnership deal alongside representatives of the Israeli, Japanese, and Nigerian companies on Thursday in […]

Ibukunoluwa Josephine Bankole
11

TeamApt receives $50 Million Investment Round Support from QED Investors.

Nigerian fintech firm “TeamApt” recently completed a significant fundraising round, bringing QED Investors on board, one of the top fintech gurus around the globe. The fintech startup TeamApt provides banking and commercial payments services and is rumoured to have secured a new fundraising round of over $50 million. Read: Jumia Shares Rise After A Tough […]

Staff Writer
16

Nigeria’s Central Bank Partner AFF To Deepen eNaira

The Africa Fintech Foundry (AFF) and the Central Bank of Nigeria (CBN) have said they will work together to help 10 startups use eNaira more in the country. Daniel Awe, in charge of AFF, told the News Agency of Nigeria (NAN) about the partnership on Saturday in Lagos. The news came while the Semi-Final Pitching […]

Ibukunoluwa Josephine Bankole
11

Women in South Africa’s tech industry earn less pay than men – Women in Tech

A survey reveals that 43.5% of South African women in the Technology sector are not paid the same as their male coworkers, and 38% of the women are not as aggressive as men. More than 200 South African women who work in the tech industry were interviewed for the 2022 KnowBe4 Women’s Day Survey to […]

Staff Writer
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