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 […]

MVX, a digital goods and trade financing company based in Nigeria, has suspended operations, further highlighting the growing challenges faced by companies in the country’s logistics sector.  Founded in 2019 by Tonye Membere-Otaji and Amusan, MVX initially aimed to simplify the process of vessel chartering. However, shortly after its launch, the company shifted focus to […]

Fako Capital, an innovative impact investment fund in Cameroon, is making waves in the nation’s financial landscape. Established with the support of Investisseurs & Partenaires (I&P), it becomes the eighth fund launched by I&P Développement, which continues to strengthen its presence across Africa to support early-stage businesses.  The fund plans to invest up to €500,000 […]

Solarbox Africa, an energy startup and provider of eMobility solutions in Senegal, disclosed on Thursday that its $1 million Pre-Seed round had closed. The round was led by a consortium of investors, including Digital Energy Facility — a collaboration between Agence Française de Développement (AFD), IetP, and Gaia Impact Fund — alongside Launch Africa, JLL Foundation, and Teranga Capital. […]

Lingawa, an innovative edtech startup, secured $1.1 million in pre-seed funding on Monday, marking a significant pivot from its original focus on academic tutoring to a dedicated mission of promoting African language education.  Founded in 2022 and initially known as TopSet, the company aims to help individuals learn and master their native languages, starting with […]

Orange Egypt has pledged USD 52.7 million to enhance startup growth across Africa, with a strong focus on fostering youth-driven innovation.  This initiative was announced by Yasser Shaker, CEO of Orange Egypt, during a press conference on November 15 at the Africa Tech Summit in Nairobi, Kenya. Shaker noted that 40 startups have benefited from […]

Salesforce, a global leader in customer relationship management (CRM) systems, plans to open a Nigerian office, underscoring the digital ecosystem’s development and potential. The company’s strategic growth supports its goal of expanding into new markets and harnessing Africa’s largest economy’s talent and business potential. Sandra Adesuwa Ebere’s appointment as business development lead Read also: Trump […]

Startupbootcamp, a leading global tech accelerator, has announced a partnership with Ashish Thakkar’s Mara Group and Blend Financial Services to establish a $250 million fund dedicated to accelerating African tech startups.  The partnership was finalised at the Future Investment Initiative which was held between October 29 and 31 in Saudi Arabia, to source additional funding […]