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Tosin Agboola

A reporter from byOuut who specializes in covering emerging markets and highlighting underrepresented founders.

Google Launches Accelerator For Cleantech In Middle East, Africa

Google Launches Accelerator For Cleantech In Middle East, Africa

Google has announced the launch of Google for Startups Accelerator: Climate Change. This 10-week, equity-free program is specifically designed for Seed to Series A startups that are working hard to tackle Climate Change with technology. This amazing opportunity is being offered in partnership with Google Cloud and is specifically targeted

Saudi Arabian Game Publisher Sandsoft Commits $3.25 M Funding In Game Developer, The Tiny Digital Factory (TDF)

Saudi Arabian Game Publisher Sandsoft Commits $3.25 M Funding In Game Developer, The Tiny Digital Factory (TDF)

Saudi Arabian game maker Sandsoft Games has invested $3.25 million in mobile racing and motorsport game developer, The Tiny Digital Factory (TDF). This backing adds weight to Sandsoft’s portfolio and will facilitate the company’s partnership on player-first mobile experiences in 2023 and beyond. This collaboration will enable

Israel's Playtika Proposes Higher Bid To Acquire Angry Birds Developer, Rovio

Israel's Playtika Proposes Higher Bid To Acquire Angry Birds Developer, Rovio

The Israeli-based mobile gaming company, Playtika has proposed an increased price to acquire Angry Birds developer Rovio. In an announcement, Playtika said it would now purchase the shares for a 55% premium of 9.05 Euros which is an increment of the initial offer of 8.50 Euros per share.

Jumiapay Joins Forces With Contact Creditech To Expand Financial Offerings In Egypt

Jumiapay Joins Forces With Contact Creditech To Expand Financial Offerings In Egypt

Jumia’s digital payments platform JumiaPay and Contact Creditech, the consumer financing arm of Contact Financial Holding have entered a new partnership to launch a new group of financial services for its consumers in Egypt. This partnership will allow Jumia to provide different payment methods to simplify the buying process

Moroccan e-logistics startup, Cathedis receives $735K in pre- series A round

Moroccan e-logistics startup, Cathedis receives $735K in pre- series A round

Cathedis, a Moroccan delivery, and e-logistics startup has received its second funding worth $735K in a pre-series A round. The new financing was jointly raised from AKWA Group’s Venture Capital, Afrimobility and CDG Invest who provided 5 million and 2.5 million Moroccan Dirhams (MDH) respectively, making a total

Lazerpay is driving the growth of businesses in Africa with its blockchain- enabled payment gateway

Lazerpay is driving the growth of businesses in Africa with its blockchain- enabled payment gateway

Commerce across Africa is fragmented because currencies are different. According to the World Bank, approximately 41 currencies are serving Africa’s 54 countries. This fragmentation has made moving money across borders over time, effectively preventing businesses from expanding their reach. Lazerpay is driving the growth of businesses in Africa with

$1.2million Worth of Funding Launched by The African Enterprise Challenge Fund

$1.2million Worth of Funding Launched by The African Enterprise Challenge Fund

The African Enterprise Challenge Fund(AECF) recently launched a USD1.2 million worth of innovation fund. The AECF is a development institution that helps businesses and startups alike to be more creative with their ideas. They aim to make available sustainable incomes in Africa, especially in the rural and marginalized

Egyptian Fintech, Dayra secures $3M in pre-seed round.

Egyptian Fintech, Dayra secures $3M in pre-seed round.

Egyptian fintech, Dayra has secured $3 million in a pre-seed round which is a combination of equity and debt financing. In addition to the funding, Dayra has joined Y Combinator’s winter 2021 (YC W21). Investors that participated in the round were EFG EV, EFG Hermes, Tanmiya Capital Ventures, and

Egypt-based Startup, Koinz, Raises $4.8million Seed Round

Egypt-based Startup, Koinz, Raises $4.8million Seed Round

Koinz, an Egypt-based restaurant aggregator startup, recently raised a $4.8million seed round. The round was led by Justin Mateen who has been actively involved in investing in startups since his departure from Tinder in 2014. According to Mateen, the main attraction to Koinz for him is their ability to

Africa and Tech

Africa and Tech

In a world that continues to evolve, and fast, Africa is very quickly rising in the ranks of tech innovation and evolution. At the moment, Africa has a finger in every pie in the technology industry; true, the finger is barely there in some sectors, but for many, modern African

Nigeria Launches Covid19 Vaccine Registration Portal

Nigeria Launches Covid19 Vaccine Registration Portal

Barely 48 hours ago, the National Primary Health Care Development Agency (NPHCDA) launched the registration platform for COVID-19 vaccination in Nigeria ahead of the delivery of 3.92 million doses of the AstraZeneca COVID-19 vaccine which are expected to arrive on March 02, 2021. There had been earlier claims that

Africa Space Tech Challenge Announces Winners

Africa Space Tech Challenge Announces Winners

In a fast-evolving world, it is wonderful to see that the African tech community is not left behind. The space technology industry is one of the most valuable industries in technology. Despite this, only 0.5% of investments in space technology globally go toward African companies and startups. The space

INOXICO ENABLES SUSTAINABLE BUSINESS GROWTH

INOXICO ENABLES SUSTAINABLE BUSINESS GROWTH

Credit-focused fintech helps drive better business decisions Johannesburg, South Africa: The Vumela Fund, established by FNB Business and Edge Growth, is excited to announce an equity investment into Inoxico, enabling the company to continue establishing itself as a recognised commercial credit risk technology provider. Inoxico is a tech company that

The HAVAÍC Universum Core African Fund Achieves its Second Close

The HAVAÍC Universum Core African Fund Achieves its Second Close

Following a successful 2020 comprising eight new investments and three international exits, African focused venture capital (VC) investor HAVAÍC has announced the launch of its newest fund. With a track record for investing in, supporting, internationalising, and ultimately exiting, early-stage high growth African technology companies, HAVAÍC’s Universum Core African

New Venture Capital Fund launches with focus on the MENA region.

New Venture Capital Fund launches with focus on the MENA region.

Plus VC, new venture capital with $60 million in funds, has launched to focus on early-stage technology startup within the Middle East and North African region. As stated on its website, the venture capital firm is built on the desire to see the MENA region grow and contribute to the

Dreevo, an Egyptian delivery startup secures funding.

Dreevo, an Egyptian delivery startup secures funding.

Dreevo, an Egyptian delivery startup, has raised an undisclosed six-figure pre-seed from EF Logistic. The new fund will enable its operation to cover more grounds in Egypt. “We are positioning ourselves to be the partner of choice for all e-commerce startups and merchants in the region,” says Sameh Shaheen, CEO

Milango raises seed investment to help communities go online.

Milango raises seed investment to help communities go online.

Egyptian startup, Milango has raised an undisclosed six-figure capital, which will enable communities to offer digital services to its members according to sources. Milango provides tailored solutions, including access control, a cashless environment, facility management, and much more to gated communities, social clubs, and communities interested in offering their members

Jumia partners Airtel Kenya to allow users make mobile payments.

Africa’s e-commerce platform, Jumia, has partnered with Airtel Kenya to enable users to create their online payment transactions using Airtel Money. The service is part of Jumia’s contactless-delivery initiative, introduced in March as a safety measure against COVID-19. Thus, users are encouraged to prepay for their purchases to

South African tech startup, Qnum Analytics joins US-based global accelerator.

South African tech startup, Qnum Analytics joins US-based global accelerator.

South African tech startup, Qnum Analytics, has been selected as a member of the US-based accelerator, The Batchery. The Batchery is a Californian global incubator for seed-stage startups. Qnum Analytics provides clients an automated inventory reconciliation solution for the dry bulk industrials and enables organizations to minimize inventory shrinkage, improved

New website builder rolls out for businesses in MENA.

New website builder rolls out for businesses in MENA.

A new website builder, Weblic, has been rolled out for companies and individuals in the Middle East and North Africa (MENA) region. Weblic provides ready-to-use website templates to lower the learning curve for individuals without coding experience and skills in the Arabic language. The price of the website builder is

Egyptian fashion rental platform, La Reina secures seed funding.

Egyptian fashion rental platform, La Reina secures seed funding.

Egypt-based online fashion rental platform La Reina has raised an undisclosed six-figure seed round from 500 Startups, Algebra Ventures, with participation from a group of angel investors. La Reina is an online platform that matches dress owners to renters directly. Sharif El-Badawi, the Managing partner at 500 Startups Middle East

Glade Digital Bank App now available in Stores.

Glade Digital Bank App now available in Stores.

Nigerian fintech platform, Glade Digital Bank App, has rolled out on the App Store. The Glade Digital Bank App is now available on App Store for iPhone users on IOS versions 8 to 14. The app, which was only available for Android users, is now giving iPhone users the chance

Careem, sees quick recovery amidst COVID-19 pandemic.

Careem, sees quick recovery amidst COVID-19 pandemic.

Careem, has seen a sharp rally in its ride service amidst the ongoing COVID-19 epidemic despite its negative impact on other businesses. Careem, which was acquired by Uber Technologies last year at $3.1 billion, expected its ride service to recover at the end of 2021, but now hopes it

South African edtech startup, Examsta rolls out app to help students prepare for exams

South African edtech startup, Examsta rolls out app to help students prepare for exams

South African edtech startup, Examsta has rolled out an educational web app to help high school students to prepare for examinations. Currently, the app is in the testing phase and provides study material for the South African, CAPS, and IEB high school exams. De Wet created Examsta for “content-heavy” subjects

FastBitcoins Partners With Flexepin for expansion into Africa.

FastBitcoins Partners With Flexepin for expansion into Africa.

FastBitCoins has announced its partnership with Flexepin, a voucher giant for global expansion and entry into 14 African countries. The partnership will allow Flexepin users to redeem their pre-paid cash vouchers via the FastBitCoins website. It will also provide mobile money services to customers in Kenya, Uganda, Ghana, Zambia, and