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Startups

Highlights

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Google-backed African startups raise $266 million in investment

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Noki Noki Services set to improve Pan-African Logistics With $3M funding

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 […]

Hauwa Ali Abdul
14

Blord Group CEO receives award

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 […]

Felicia Akindurodoye
36

Breega Launches $75m Africa Fund

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 […]

Staff Writer
36

Ghana Legendary Foods wins Runner-Up at FoodTech World Cup

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 […]

Staff Writer
21

Lagos Allocates N1bn Seed Fund for Startups

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 […]

Hauwa Ali Abdul
20

Empowering South African Startups: Apply Now for develoPPP Ventures

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) […]

Modupeoluwa Olalere
21

Amazon to Invest $230 Million to Back 80 Startups in Early Stages

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 […]

Hauwa Ali Abdul
20

4Di Capital’s Strategy for Investing in African Startups

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: […]

Modupeoluwa Olalere
16

Thiqa, Paymenow partner for Uganda’s on-demand wage payments

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 […]

Ibukunoluwa Josephine Bankole
21

Ghana-Based Kofa’s Cost-Effective Batteries Powers West Africa

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 […]

Hauwa Ali Abdul
36

Google supports 24 AI Healthcare Startups

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 […]

Staff Writer
14

WFF Startup Innovation Awards opens for agri-food companies

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 […]

Felicia Akindurodoye
14

Accelerate Africa launches Investor Portal

Accelerate Africa (AA) introduced an investor portal on Friday. The goal of this portal is to make it easy for investors to find all the startups that have taken part in AA’s programmes. The Chief Technology Officer of Future Africa, Ismail Olasunkanmi, disclosed this on his LinkedIn page. Accelerate Africa, with headquarters in Yaounde, Cameroon, […]

Felicia Akindurodoye
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