The term “agritech” refers to technological advancements and innovations used in agricultural processes to boost output while requiring fewer inputs and improve agricultural practices. Agritech’s tangible applications include faster agricultural equipment, better crops, and digital supply chain monitoring. Africa’s changing environment and expanding population may benefit from these

A $14 million (R250 million) financing facility has been secured by Paymenow, a market-leading Earned Wage Access (EWA) platform, through Rand Merchant Bank (RMB), creating a structure unique to the EWA industry in South Africa. The startup made this known through its LinkedIn handle. Through its ownership of shares in

To grow its presence in South Africa and beyond, TROOP, a creator of corporate meeting technology and services, announced it had raised $11 million (about R201 million) in Series B funding. By 2023, TROOP wants to triple the number of employees it has, and by 2025, it wants to have

German energy company, Juwi Renewable Energies announced today that the 84 MW Wolf Wind Farm in the Eastern Cape had reached financial close. Juwi claims that work has begun on the facility and that it will start producing electricity for the South African grid by the first quarter of 2024.

Startups are leading the way in Africa’s industry 4.0. The region is experiencing  a transition buoyed by the many new startups building on artificial intelligence (AI) decision-optimization software. African startups have been able to take advantage of artificial intelligence (AI) and machine learning, which can recognize which business

Ramp, an international start-up in decision science with its headquarters in the UK, has secured a $5 million seed investment round. The business was established in 2018 to give the large majority of companies who still rely on spreadsheets for financial modeling an alternative. AlbionVC led the seed fundraising round,

In order to democratize access to the African venture capital arena, the Africa Chamber of Digital Commerce (ACOFDC) and Dream VC have announced their strategic ecosystem partnership. The goal of the new partnership between the ACOFDC and Dream VC is to engage, educate, and upskill the African diaspora as a

Botswana’s Aeronautical Solutions has created the nation’s first unmanned aerial vehicle (UAV) for use in anti-poaching drills as well as for security and surveillance needs. The drone project, funded by the Botswana Innovation Fund (BIF), is a partnership between Aeronautical Solution and the partners and network of the

Eagle Towers, the portfolio division of Infra Impact Investment Managers, a South African infrastructure investment company, has secured over $5million (ZAR 100 million) loan facility that will be utilized to support the business’s expansion objectives. The Prescient Infrastructure Debt Fund of Prescient Investment Management provided the lending facility. Eagle

The Wahala Continues Expectedly, this year began in similar fashion as Q4 2022. The inability of the global economy to handle financial and social inefficiencies has created a devastating wahala in the tech ecosystem. Before we continue, here is a cool definition of “wahala”: an African word commonly used in

Innovators in the green technology sector in Africa are urged to submit applications for the Green Innovation Hubs (GiH) incubation initiative. The program is intended to provide innovative enterprises with the chance to develop their operations through specialized mentorship, funding, and networking opportunities in industries like renewable energy, water, food,

Stitch, a payments infrastructure firm based in South Africa, has increased the scope of its services to offer end-to-end payment services (PSP). A system for orchestrating and reconciling payments called PayOS as well as card and debit order pay-ins were all introduced before this breakthrough. With flexibility and customizability, Stitch’

2023 did not start with the buzz that came with 2022. The global tech space was humbled by recurring layoffs with stakeholders looking skeptical to invest as a result of a devastating inflation. Amidst this, the entire global tech industry is earnestly waiting for a return to normalcy. Along with

Technology-driven innovation aimed at streamlining the practice of law has led to the creation of legal startups. Afriwise’s 2020 Tech for the Law Sector Study states that 77.5% of respondents think the COVID-19 epidemic would result in some kind of reform. The legal profession requires precise and frequently

South Africa’s FSAT Labs incubator has announced the selection of 16 start-ups for its tenth cohort, with a focus on empowering women and climate-tech entrepreneurs. The six-month incubation program for the FSAT Labs cohort will begin in April and end in October. Due to the Covid-19 pandemic, FSAT Labs,

Burger Index, a Spanish AI startup, has announced it secured $1.3 million in a seed funding round led by Flat6Labs, a leading venture capital firm in the Middle East and North Africa region, which also included F Capital and Cosmin Manea, a founding partner at Instashop. The startup intends

Planning for retirement may be a stressful process, especially in today’s environment of  uncertain market conditions and generally higher costs of living. You often worry if the amount of money you put into retirement savings, whether it be a lump sum or a monthly commitment, is actually enough for

The Pretoria-based fintech firm Thuthukani has been acquired by South African neobank Fin as part of its development plans. With the goal of providing middle- to lower-income Fin clients with access to affordable financing, Fin Home Loans, Thuthukani’s additional housing finance service will be renamed to Fin Home Loans

Within the next two months, Lelapa AI, a recently established artificial intelligence (AI) research and product lab, will launch Vulavula, its first natural language model solution, on the market. According to co-founder and CEO Pelonomi Moiloa, the startup intends to develop AI-based customer-facing products and services that address problems that

Cornelius Johannes Steynberg, a native of South Africa, was accused by the Commodity Futures Trading Commission (CFTC) in 2022 in connection with a $1.7 billion bitcoin fraud scam. The CFTC asserts in a press release posted on its website that Steynberg established and ran a global foreign currency commodity

PowerSchool, a leading provider of cloud-based software for K–12 education in North America, has named OneConnect as its first channel partner in Africa. OneConnect, an innovative provider of turnkey technology services and solutions in South Africa and across Africa, will help develop PowerSchool’s customer base in South Africa

According to a BusinessDay story, Naspers, the most valuable corporation in Africa in terms of market value, has closed its venture capital fund, Naspers Foundry, in an effort to streamline operations. The Foundry will keep its investments, which include firms like Naked Insurance, SweepSouth, and most recently, Planet42’s $100

Founded in 2021 by a team of investors, ecosystem builders, and tech founders alike, Dream VC has grown into a thriving community of 80+ alumni fellows spread across 30+ countries and growing with each cohort, striving to democratize access to and understanding of the venture capital space for professionals on