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Blessed Frank

Exploring Africa's Tech Frontier | Unearthing Startup Gold 💰 | Decoding Crypto & Web3 | Your Guide to Emerging Markets #TechJournalist

Cointelegraph, Leading Blockchain Media Outlet, Expands in MENA Via Luna Media Corporation

blockchain technology

Cointelegraph, Leading Blockchain Media Outlet, Expands in MENA Via Luna Media Corporation

Cointelegraph, a leading blockchain, and cryptocurrency news outlet is expanding its presence in the Middle East and North Africa (MENA) region with the help of a new franchise owner, Luna Media Corporation. Luna Media Corporation is a media holding company based in Dubai that aims to promote the web3 industry

Egypt Makes Giant Stride in EV Adoption, Establishes a $7.8M Worth EV Charging Stations Company

Egypt Electric Vehicle Charging Stations Company

Egypt Makes Giant Stride in EV Adoption, Establishes a $7.8M Worth EV Charging Stations Company

According to IEA data, sales of electric vehicles (EVs) more than doubled from the previous year in 2021, reaching a new high of 6.6 million. In 2012, only 120 000 electric vehicles were sold worldwide. In 2021, nearly 10% of global car sales will be electric; nearly four times

UNECA Launches "Tech African Women" Program for Women-led Idea-Stage Startups in Africa

UNECA Launches "Tech African Women" Program for Women-led Idea-Stage Startups in Africa

UNECA (United Nations Economic Commission for Africa), in collaboration with Betacube, has announced the launch of its first Tech African Women (TAW) program, inviting female-led idea stage startups from Ethiopia, Senegal, Tanzania, and Tunisia to apply. UNECA announced the launch of the TAW (tTech African Women) program last Thursday, to

Bitcoin Witnesses 20% Price Surge, as Ethereum, Rises by 50% to Rekindle Investors' Hope

Bitcoin Witnesses 20% Price Surge, as Ethereum, Rises by 50% to Rekindle Investors' Hope

Bitcoin (BTC), the world’s first decentralized cryptocurrency’s price has risen by more than 20% in the last week, reaching its highest level in more than a month. According to The Independent, the cryptocurrency rose above $23,500 on Wednesday after seven straight days of price increases, providing investors

O7 Therapy, Partner with Boubyan Takaful Insurance to Introduce Therapy and Mental Health Services in Kuwait

O7 Therapy, Partner with Boubyan Takaful Insurance to Introduce Therapy and Mental Health Services in Kuwait

07 Therapy, an Egyptian health tech startup pioneering access to online mental health services for Arabic-speaking people around the world through technology-enabled and evidence-based therapeutic services delivered by a selected network of psychiatrists and psychotherapists, has signed a first-of-its-kind partnership agreement with Kuwait’s insurance company, Boubyan Takaful Insurance company,

The Sudanese Tech Startup Ecosystem: Bloom in Focus

The Sudanese Tech Startup Ecosystem: Bloom in Focus

Sudan, with a population of nearly 45 million people, is one of Africa’s ten most populous countries, with enormous economic potential. It has an abundance of natural resources, including oil and gold, a tenth of the world’s unused arable land, and access to Africa’s rapidly growing markets

YC Reduces Summer 2022 Cohort Size by 40% Due to Economic Downturn

YC Reduces Summer 2022 Cohort Size by 40% Due to Economic Downturn

Y Combinator, an American-based global technology startup accelerator has reduced the number of startups within its accelerator for the summer 2022 batch from 414 in its previous cohort to 250, which represents a 40% reduction. According to The Information, this was due to the current economic downturn and the recent

SWVL Terminates $100M Acquisition of U.K’s Zeelo: The Spotlight On Both Mobility Firms and their Plans Going Forward

SWVL Terminates $100M Acquisition of U.K’s Zeelo: The Spotlight On Both Mobility Firms and their Plans Going Forward

Swvl, an Egyptian-born startup that provides shared mobility services for intercity and intra-city trips, has terminated its acquisition deal with Zeloo, a UK-based B2B smart bus operator, according to a statement issued by the company on Friday. The Dubai-based company went public through a SPAC in April of this year

Homzmart, Egypt’s Furniture and Home Supplies Marketplace, Secures $23M Pre-Series B Round

Homzmart, Egypt’s Furniture and Home Supplies Marketplace, Secures $23M Pre-Series B Round

Homzmart, Egypt’s furniture, and home supplies marketplace has secured a $23 million pre-Series B round to continue its market expansion and product development as well as improve its logistics operations, according to the company’s co-founder and CEO, Mahmoud Ibrahim in an interview. The pre-series B funding round welcomed

Egypt's VC, Openner Launches Web3-focused Qurious Labs

Egypt's VC, Openner Launches Web3-focused Qurious Labs

Openner, an Egyptian venture capital firm, has launched Qurious Labs, a Web3-focused venture studio, to assist in market development and access to the global technology, talent, and capital pool. Qurious Labs is the MENA market’s first Web3-focused Venture Studio model. This model will assist entrepreneurs in the Middle East

Oui Capital, an African-focused Early-Stage VC Firm Closes its $30M Second Fund

D Global Ventures

Oui Capital, an African-focused Early-Stage VC Firm Closes its $30M Second Fund

Oui Capital, a pan-African venture capital firm based in Lagos and Massachusetts, has announced the completion of the first closing of its $30 million second fund, dubbed Oui Capital Mentors Fund II, as it seeks to strengthen its presence on the continent. Individual and venture capital investors participated in the

Zedcrest Launches $10M Knight Fund for African Startups in Response to Funding Drought

Zedcrest Launches $10M Knight Fund for African Startups in Response to Funding Drought

Zedcrest Capital, an African venture capital firm that invests in debt and equity capital markets and has recently made inroads into venture investments, has today announced the launched of a $10 million fund for pre-Series A stage startups in Africa. The “Knight Fund” is a type of emergency fund. It

Morocco’s UM6P Ventures Invests in Climate Crop Ltd to Boost Global Food Supply

Climate Crop Ltd

Morocco’s UM6P Ventures Invests in Climate Crop Ltd to Boost Global Food Supply

UM6P Ventures, a Moroccan venture capital firm affiliated with Mohammed VI Polytechnic University, announced on Thursday its investment in Climate Crop Ltd, an Israeli startup that specializes in the use of gene editing technologies to increase the potential of plants to capture more energy, store more carbon, and produce higher

CoinMENA Expands its Crypto Exchange Offering to Egypt

CoinMENA Expands its Crypto Exchange Offering to Egypt

CoinMENA, a leading Middle East and North African cryptocurrency exchange platform have announced the expansion of its digital asset exchange services to Egypt. Egyptians will be able to open accounts on the platform and connect their bank accounts to their CoinMENA wallets to deposit and withdraw funds directly. True to

Aman Launches New Subsidiary, Aman Securitization Company, to Deepen Financial Inclusion in Egypt

Aman Financial Services

Aman Launches New Subsidiary, Aman Securitization Company, to Deepen Financial Inclusion in Egypt

Aman Group, an Egyptian-based Fintech company that provides non-banking services, has announced the launch of Aman Securitization Company. The firm is a subsidiary of Raya Holding for Financial Investments. As a leading company in the Egyptian fintech space, Aman for E-Payment works to achieve financial inclusion through digital solutions. It

Massinart.ma, Moroccan Decorative Paintings Startup, Adopts Augmented Reality

Augmented Reality

Massinart.ma, Moroccan Decorative Paintings Startup, Adopts Augmented Reality

Massinart.ma, a Moroccan decorative paintings startup has integrated augmented reality technologies into its customer experience strategy. This makes the startup the first Moroccan startup to invest in the field of augmented reality. This state-of-the-art technology allows incredible levels of immersion and visualization related to decoration paintings. It is a

Khazenly, Egypt’s On-Demand Digital Warehousing and Fulfillment Startup, Becomes Merchants' Partner of Choice

Arrow Food Trading

Khazenly, Egypt’s On-Demand Digital Warehousing and Fulfillment Startup, Becomes Merchants' Partner of Choice

Khazenly, an Egyptian on-demand digital warehousing and fulfillment management platform, is staying true to its vision of shaping the future of e-Commerce in the North African country with its convenient, affordable, and transparent omnichannel solution to help merchants grow their businesses and supercharge the digitalization of their fulfillment processes. Despite

Seedstars Announces First Close of $20M Emerging Market Seed Stage Fund for African Startups

Seedstars Announces First Close of $20M Emerging Market Seed Stage Fund for African Startups

Seedstars Capital, an alternative investment platform focused on emerging and frontier markets, has closed Seedstars International Ventures II (SIV II), its second seed fund for emerging markets, after raising $20 million from the International Finance Corporation (IFC), Visa Foundation, The Rockefeller Foundation, and Symbiotics. In a press release, Seedstars stated

The Fashion Kingdom, Egypt’s e-Commerce Startup, Secures $2.6M Seed Round to Scale

The Fashion Kingdom, Egypt’s e-Commerce Startup, Secures $2.6M Seed Round to Scale

The Fashion Kingdom (TFK), an Egyptian e-commerce marketplace for curated fashion, beauty, and home accessories items, has secured $2.6 million in CVentures, a corporate venture capital firm based in Egypt, and A15, an early-stage VC in the MENA region-led the seed funding round. Existing and new investors who also

Nigerian Auto Financing Startup, Moove, Expands into India, Launches in Mumbai, Two Other Cities

Nigerian Auto Financing Startup, Moove, Expands into India, Launches in Mumbai, Two Other Cities

Moove, Nigerian mobility fintech on Monday announced its entry into the Indian market with the launch of operations in Mumbai, Hyderabad, and Bengaluru. The three cities have a combined population of over 27 million and are the most populated cities in India. This expansion aligns with the startup’s vision

Creative Dock Group Expands to Egypt, Targets $102M investments in MENA

Creative Dock Group

Creative Dock Group Expands to Egypt, Targets $102M investments in MENA

Creative Dock Group (CDG), Europe’s leading corporate venture builder, announced on July 7th, 2022 the acquisition of FoundersLane – an independent corporate company builder that co-creates digital businesses with leading global corporations – to create a joint venture that builds and rapidly scales digital-first products across diverse sectors and verticals with

Cartona Raises $12M Series A to Scale its B2B e-Commerce Service across Egypt

Cartona Raises $12M Series A to Scale its B2B e-Commerce Service across Egypt

Cartona, an Egyptian B2B FMCG e-commerce startup has raised $12 million in a Series A funding round to expand across Egypt, grow its product, technology, and services, and explore new verticals beyond FMCG. Silicon Badia, the venture capital firm investing in global technology entrepreneurs led the series A funding round

Guichet.com, Morocco's Leading E-Ticketing Startup, Records Over 1M Sells, Expands to Senegal

Guichet.com, Morocco's Leading E-Ticketing Startup, Records Over 1M Sells, Expands to Senegal

Guichet.com, Morocco’s digital ticketing market leader, has announced its first international expansion outside of Morocco. The Moroccan pioneering ticketing startup announced the formal launch of its Senegal subsidiary. The new branch, headquartered in Dakar, Senegal, is the result of a strategic alliance between Guichet.com and a leading

MAX, Nigeria’s EV Startup Targets Eight New African Countries after Nigeria and Ghana

Electric Vehicles

MAX, Nigeria’s EV Startup Targets Eight New African Countries after Nigeria and Ghana

Metro Africa Xpress (MAX), a Nigeria-based electric vehicle startup backed by a private-equity firm, Lightrock LLP will be embarking on an aggressive expansion into about eight African countries by next year after attaining a foothold in its base in Nigeria and neighboring Ghana, as demand for investment in the low-emission

Bizao Raises $8.1M Series A to Scale its Payments Platform across Africa

Bizao Raises $8.1M Series A to Scale its Payments Platform across Africa

Bizao, an African fintech firm that facilitates payments for both domestic and international businesses operating in Africa, has raised $8.1 million in series A funding to expand its offering across the continent and invest in the development of new products and service lines. The investment round was led by