FUNGUO, in collaboration with CRDB Bank’s iMBEJU initiative, announced on Tuesday the selection of 18 innovative Tanzanian startups for its third cohort. This initiative reflects a commitment to empowering local entrepreneurs and fostering economic growth.  FUNGUO, founded by the European Union, aims to provide crucial funding and support to startups that tackle pressing societal issues. […]

Juicyway, a Nigerian start-up, has closed a $3 million pre-seed funding round to expand cross-border payment facilities. The business aims to assist organisations in sourcing foreign currencies to make payments between countries, which will help Nigeria manage one of its most pressing issues: exports and imports. Juicyway will serve Nigeria, the U.S., the UK, and […]

On December 9, 2024, Orange Corners announced the successful support of 220 Nigerian startups through its incubation program, which has been active since 2019.  This initiative, a collaboration between the Kingdom of the Netherlands and the FATE Foundation, aims to foster entrepreneurship among young Nigerians aged 18 to 35.  Read also: Togolese startup to pilot […]

The AfricArena Grand Summit, held on December 6, 2024, in Cape Town, brought together over 100 tech startups from 31 African countries.  This vibrant event, co-hosted by notable partners like TotalEnergies and AWS Startups, showcased innovative solutions and celebrated the continent’s burgeoning tech landscape. Read also: From $4.6 million, LAfricaMobile raises extra $2.2 million funding […]

Seedstars Africa Ventures, an early-stage venture capital fund, has secured its first close at $42 million, marking a significant step in its mission to invest in highly scalable African startups. Supported by global investors, including the African Development Bank and EIB Global, the fund aims to bridge early-stage financing gaps and catalyse economic growth across […]

Senegal-based startup LAfricaMobile announced its Series A funding milestone on December 4, 2024. The startup raised a total of $7 million, which includes an additional $2.2 million recently secured, following an initial amount of $4.6 million raised in June 2024. This funding was led by Bpifrance, with participation from Janngo Capital, Southbridge Investments, and Ciwara […]

SAYeTECH, a Ghanaian agritech startup, has made headlines by winning the MEST Africa Challenge 2024, announced on December 6, 2024. This achievement comes with a $50,000 equity funding prize to scale its innovative agricultural machinery designed specifically for African farmers. Read also: Tanzanian startup Tunzaa secures new funding for payments API Empowering farmers with technology […]

Bolt officially expanded its Accelerator Programme to South Africa on December 4, 2024. This initiative aims to empower local entrepreneurs, particularly Bolt drivers and their families, by providing seed funding and mentorship.  Following successful launches in Nigeria, Ghana, and Kenya, Bolt is now seeking 10 startups to receive €20,000 (approximately R380,000) in funding. Read also: […]

Tanzanian fintech startup Tunzaa made headlines on Wednesday after securing funding from Warioba Ventures to enhance its innovative payments API.   The startup received undisclosed investment from Warioba Ventures to expand With this funding, the startup, which wants to transform e-commerce transactions in Africa by providing flexible monthly payment choices, has reached a major milestone. Read […]

AltSchool, an innovative edtech startup, has officially expanded into Europe. It announced this significant milestone on Monday during the SuperCharger Demo Day.  Founded to democratise education, AltSchool aims to create accessible pathways for individuals to transform their lives and help businesses build necessary talent.  CEO Adewale Yusuf emphasised, “At AltSchool, we believe that talent is […]

Enakl, a Moroccan urban mobility startup, made news on Tuesday after raising  $1.4 million in pre-seed capital. Established in September 2023 by Samir Bennani and Charles Pommarede, Ahmed Omrane joined as associate CTO. The company aims to revolutionise everyday travel throughout Africa by implementing cutting-edge shared transportation solutions. Read also: 19 African startups selected for […]

Nigeria’s startup landscape is exciting as the National Information Technology Development Agency (NITDA) and the Japan International Cooperation Agency (JICA) announced the launch of iHatch Cohort 4 on Sunday.  This initiative aims to empower innovators and entrepreneurs nationwide, providing them with essential resources and training to transform their ideas into successful businesses. Read also: DSN […]

Togolese startup PickApp will launch a pilot program for its electric vehicle (EV) ownership and ride-sharing platform in Lomé on Monday.  Founded by siblings Joseph, Joshua, and Rebecca Olurin in 2023, PickApp is a leader in promoting sustainable transportation solutions in Togo. Read also: Orange Egypt injects $52.7M into Africa’s thriving startup ecosystem The startup […]