On Wednesday, the Africa Tech Summit announced the finalists for its inaugural awards, which will recognise 55 companies in Africa’s tech industry. Among these finalists are several Nigerian startups, including Flutterwave, OmniRetail, and Sabi, which have been recognised for their innovative contributions in various sectors. Lauren Adair, Director of Africa Tech Summit, was enthusiastic about […]

Egyptian startup Fincart announced it had closed a pre-seed funding round on Monday led by Plus VC, with participation from Plug and Play, Orbit Startups, and Jedar Capital.  The amount of funding which remains undisclosed will enable Fincart to enhance its technology, expand its courier network, and meet the growing demand for efficient logistics solutions […]

On Monday, Investing in Innovation Africa (i3) announced the opening of applications for its third cohort, marking a new phase in its mission to support African health tech startups. This initiative, backed by prominent organisations like the Gates Foundation, MSD, and Sanofi’s Global Health Unit, aims to empower startups that leverage technology to enhance healthcare […]

10 women-led tech startups have won N1 million each at the Transitioning to Tech for Women Demo Day, a landmark event organised by Africa Startup Factory (ASF). The event, held on Wednesday, January 15, at Alliance Français, Ikoyi in Lagos featured over 2,025 participants in a rigorous pitch session. The winners—Resavation, DeeclutMart, Buildersync, Edcast, Pocketlawyers, […]

In recent years, podcasts have grown in popularity all around the world. To provide audio content more appropriate for African listeners, two software entrepreneurs, Ojiugo and Ekemezie Uche, started the Lagos-based startup called Genti Media in 2021. With stories, dramas, and educational resources told in African languages by African voices, Genti Media is a Nigerian […]

On Monday, Senegal’s ambitions to become a startup hub in Africa faced a setback when Raki Kane, the Executive Secretary of the Commission for the Evaluation, Support, and Coordination of Startups (CEAC), resigned.  Her decision was influenced by political pressures stemming from her previous statements against opposition leader Ousmane Sonko.  Kane stated, “I have made […]

On Tuesday, Algeria unveiled a series of tax reforms to ignite nationwide digital innovation. These measures are part of a comprehensive strategy to transform Algeria into a vibrant hub for technology and entrepreneurship in Africa. The government aims to stimulate growth within the startup ecosystem by introducing tax exemptions and reductions, which have gained momentum […]

Uganda on Wednesday launched the NINJA Accelerator, an initiative designed to empower growth-stage startups and enhance their regional influence.  This program, a collaboration between the Uganda Ministry of Trade, Industry, Cooperatives, Hindsight Ventures, and JICA, aims to provide tailored support to Ugandan entrepreneurs. Read also: PostBank Uganda, Western Union introduce international money transfers via Wendi […]

On December 18, 2024, the Mohammed VI Polytechnic University (UM6P) launched “The Forge,” a startup residency program designed to empower African entrepreneurs.  This initiative aims to transform innovative ideas into successful businesses while fostering a supportive community. Read also: Funguo selects 18 Tanzanian startups in for funding, support A new era for entrepreneurship in morocco […]

Ajé, a Nigerian startup founded by Oluwaseun Odukoya, has made impressive strides in the digital trade, onboarding over 7,500 users within 12 months.  This accomplishment highlights Ajé’s blockchain-powered platform’s objective to boost online commerce trust, which was announced on Friday. Read also: Ozi targets parcel delivery market with blockchain Strategic partnerships Ajé has formed strategic […]

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 […]