Launch Africa Ventures, an early-stage investment company, has made 133 investments through its first fund and has now invested US$4.3 million in 16 startups from across the continent as part of its second fund. This company was first introduced in July 2020 by Zachariah George and Janade du Plessis, with chairperson Margaret O’Connor on the […]

With a $3 million investment from Uma Ventures, Congolese logistics firm Noki Noki Services has significantly raised its pan-African growth aspirations.  Originally started three years ago by Jonathan Yanghat, Noki Noki has quickly become a significant force in the logistics industry, managing around a billion CFA francs (~$1.67 million) in transactions. Serving the rising need […]

Blord Group CEO, Linus Williams, has been decorated with the Northern Heroes Award by the Northern Youth Association of Nigeria. The award is a significant recognition of the path that the Blord Group of Companies has taken.  Reacting to the award, Linus noted that It is proof of the strength of perseverance, unflinching persistence, and […]

The first African fund, “Breega Africa Seed I,” was launched by Breega and is one of the fastest-growing early-stage funds in Europe. Its goal is to become the premier early-stage investor in African Startups. Breega, a Paris-based investment firm with offices in London and Barcelona, closed its first fund in 2015 and now manages $700 […]

Legendary Foods, an innovative Ghanaian food startup, achieved a remarkable feat by securing second place at the prestigious FoodTech World Cup. This esteemed global competition brought together cutting-edge applications and innovative solutions aimed at addressing pressing challenges in the food system. Legendary Foods impressed the judges and audience alike with their groundbreaking approach, showcasing their […]

Under the leadership of the visionary Governor Babajide Sanwo-Olu, Lagos State has made significant strides in supporting early-stage firms and fostering scientific innovation. A testament to this is the allocation of N1 billion in initial funding to the Lagos State Science, Research, and Innovation Council (LASRIC) by the government. Governor Sanwo-Olu highlighted the significance of […]

develoPPP Ventures is a new investment initiative created by the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ). This scheme is offered to South African companies. In addition to providing financial returns, the develoPPP Ventures program assists South African small and growing businesses (SGBs) […]

To help AI startups in their early stages, Amazon has announced a capital investment of $230 million in the form of Amazon Web Services (AWS) loans.  Eighty startups worldwide will be part of the programme, which aims to support the development of innovative AI technologies by offering free hardware and prototypes. Each startup will have […]

Cape Town-based venture capital company 4Di Capital is launching its third venture fund to invest in promising African entrepreneurs from seed to Series A. 4Di Capital, founded in 2009, is a leading venture capital firm in Southern and Eastern Africa. The organisation is noted for its entrepreneurial leadership team, which has built companies. Read also: […]

A growing trend in Africa sees employers offering on-demand payments, bypassing traditional payday schedules. Ugandan startup Thiqa Digital Finance and South Africa’s Paymenow are collaborating to introduce earned wage access (EWA) solutions to Uganda’s government employees, making Uganda a pioneer. Thiqa Digital Finance Paymenow Revolutionising Payments Earned Wage Access (EWA) allows employees to access a […]

Ghanaian startup Kofa, known for its innovative battery network solutions and e-motorcycles, is making significant strides in the clean-tech sector.  The company has revealed plans to expand its groundbreaking battery-swapping system to Kenya and Togo with a high-capacity battery system called Kore2. This battery is versatile and caters to a wide range of applications. The […]

Google for Companies has revealed the 24 startups chosen to participate in the Growth Academy AI for Health initiative in 2024. Supporting innovative companies using artificial intelligence (AI) to transform healthcare services and medical research is the program’s primary goal across Europe, the Middle East, and Africa (EMEA). The chosen startups demonstrate how AI may […]

Startups in the African agri-food sector are encouraged to apply for the World Food Forum WFF Startup Innovation Awards, an international competition that aims to recognise and reward entrepreneurs and innovators using technology to drive the long-term improvement of food production and distribution systems. With the help of XTC, the World Food Forum (WFF) Startup […]