On Tuesday, Polaris bank, a leading financial institution in Nigeria launched its own digital bank – VULTe. At the well-attended unveiling ceremony which took place at the Eko Hotel, Lagos, and virtually for a national and global audience. Chairman of the Bank, M.K Ahmad (OON) disclosed that the corporate goal

MTN South Africa, a leading provider of telecommunications and mobile money services has announced a $2 million partnership with the International Finance Corporation (IFC) to expand its Mobile Money (MoMo) operations in South Africa. According to the terms of the partnership, IFC and MTN will recruit 10,000 MoMo agents

Homzmart, an Egyptian home goods marketplace platform, has secured $15 million in a Series A funding round led by China’s MSA Capital, a global investment firm with over US$1.5 billion in assets under management and Nuwa Capital. Other investors who participated in the round include EQ2 Ventures,

Bosta, an Egyptian e-commerce logistics startup, has raised $6.7 million in its Series A funding round led by venture capital firm Silicon Badia. Participants in the funding round include 4DX, Plug and Play Ventures, Wealthwell VC, and Khwarizmi VC from Saudi Arabia as well as other regional and global

Telda, a month-old Egyptian neobank working to digitize how Egyptians save, send, and spend money, has secured $5million in a pre-seed round led by Sequoia Capital. The round also saw participation from Berlin-based Global Founders Capital (GFC) and emerging markets-focused fund Class 5 Global. Last month, we reported that Flextock

Yesterday, at the virtual demo day of the AlphaCode Incubate program, four South African startups secured additional funding of ZAR500,000 (US$35,000) each, including other non-monetary benefits as they advance into the second stage of the program. At the demo day pitch, each of the 10 startups was

The African Development Bank (AfDB) has launched a call for proposals for projects enhancing the viability of sustainability of women entrepreneurship enablers. With this announcement, women business associations, incubators, accelerators and cooperatives that are working to promote women entrepreneurship in Africa can apply for funding innovative projects or programs to

The 2021 edition of Catapult: Inclusion Africa has announced the 14 fintech startups that will take part in the bi-annual program. The program will hold from 19 to 28, May 2021. The selected startups will take part in an eight-day boot camp during which they will train and network with

AWS has announced that it’s releasing a tool called AWS SaaS Boost that turns on-prem software into SaaS as open-source, distributed under the Apache 2.0 license. The tool was first announced at the AWS re: Invent conference last year, and it’s designed to help companies transform their

Mburu, a Senegalese food tech startup active in the production and marketing of bread and pastries has raised about 243 million FCFA ($450K) funding from WIC Capital and WE! Fund. The investment is a mix of capital and quasi-capital and will allow the Senegalese startup to reach maturity in its

Lagos-based fintech company, BFREE, has announced the close of a seed round led by Nigeria-based VC firm, Beta Ventures, with participation from Africa-focused VC firm, Launch Africa Ventures, and GreenHouse Capital. Founded by the trio of Chukwudi Enyi, Moses Nmor, and Julian Flosbach in the summer of 2020, BFREE is