In an unexpected move, Tekedia Capital has bought Quizac, an edtech startup scheduled to close this month. Either party did not disclose the acquisition cost. Tade Samson said quick purchase talks led to a transaction in just a week. Founded in 2019 by Tade Samson, Tobi Awogbemi, Hussein Alayo, and Babatunde Caleb, Quizac provides gamified […]

Workpay, a Kenyan HR and payroll startup, raised $5 million in a series A funding round led by Norrsken22, a pan-African venture capital company. Global payments giant Visa also participated in the round. The round included current investors Y Combinator, Saviu Ventures, Axian, Plug & Play, Verod-Kepple Africa Ventures, and Acadian Ventures. With this investment, […]

Chao, a Nigerian startup, helps students quickly and reliably order food, groceries, and medicine delivery to campuses. The company aims to make essential services more accessible by letting people order them online and delivering them quickly. Gift Akobundu, the company’s founder, a student at the time, struggled to find food after long days at school […]

To enhance clients’ travel experiences, Kenyan startups BuuPass, a transportation platform, and mTek, a prominent digital insurance company, have created a strategic relationship. The partnership aims to incorporate complete trip insurance into the booking process. Revolutionizing Travel: BuuPass and mTek Unite BuuPass, founded in 2016 by Sonia Kabra and Wyclife Omondi, is a pioneering B2B2C […]

Sendsprint, a Nigerian fintech startup, has revealed that it has bought Nobel Financial, a US-based global money transfer service. With this purchase, Sendsprint will be able to offer more services and reach more people in the United States. Sendsprint will also be able to support money transfers and gifting from customers in 16 US states, […]

The Irish Tech Challenge South Africa 2024 has selected seven local tech start-ups. Now in its third year, the collaboration is designed to establish mutually beneficial partnerships between South African entrepreneurs and Irish technology expertise by capitalising on Ireland’s global tech centre status. More than 350 entries from South African-owned, growth-stage tech start-ups dedicated to […]

The third African-focused venture capital fund, HAVAÍC, has reached its first close of US$15 million. The fund is aimed at raising US$50 million. The South African firm is working with Universum Wealth and the SA SME Fund as key investors. Leading African venture capital manager HAVAÍC helps high-growth, early-stage African-born technology companies succeed both domestically […]

Google-parent Alphabet’s plans to acquire Israeli cybersecurity startup Wiz for a record $23 billion has reportedly come to an end. If the deal would’ve gone through, this would’ve been the tech giant’s biggest-ever acquisition. According to a memo obtained by Reuters, Wiz’s CEO Assaf Rappaport has revealed the reasons behind the company’s decision to terminate […]

Startups in Africa, supported by the Google for Startups Black Founders Fund, have secured $266 million in venture capital over the past three years. This was revealed in a report by Google for Startups and Notion Capital, which measured the impacts of the Google initiative in Africa and Europe. The programme, which raised an additional […]

Kenyan climate startup Bio-Logical has raised $1.3 million to build out its Mount Kenya biochar plant. This would boost efforts to improve Kenyan smallholder farmers’ standard of living and expand production capacity. CrossBoundary, Redshaw Advisors and other existing investors, including the Steyn Group, led the funding round. Rory Buckworth, co-CEO of the company, expressed enthusiasm […]

The Wall Street Journal says that Google is reportedly considering spending $23 billion to acquire Wiz, a cloud cybersecurity business with Amazon and Oracle partners. Google would have paid the highest it has ever paid for a firm, about twice as much as it did for Motorola Mobility in 2012. According to the company, the […]

Kefilwe, a 25-year-old marketing graduate who doesn’t have a job, can use the internet for an hour at Unique Solutions, an internet café in Francistown, Botswana’s second-largest city, for 15 pulas ($1). She wants to apply for Chema-Chema, a government scheme that gives 500 million pulas ($37 million) to people who want to start their […]

Shesha is a South African startup that wants to change the established e-hailing landscape, dominated mainly by international giants like Uber and Bolt, by offering a local alternative that considers local conditions.  Shesha was created because “it became apparent that“—not only from a customer perspective, where safety and understanding of local needs weren’t always high […]

Chanzo Capital, an investment and growth capital business that focuses on high-tech startups and scaleups, and the Two Rivers International Finance and Innovation Centre Special Economic Zone (TRIFIC SEZ) have teamed up to create the Chanzo ONESPACE Startup and Scaleup Accelerator (COSSA). The ONESPACE programme will target digital startups that are prepared to expand their […]

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 […]