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East African Startups can apply for Pangea Scale-Up program

East African Startups can apply for Pangea Scale-Up program

Pangea Accelerator has launched its Pangea Scale-Up program to enable African startups to scale up and grow from seed to series. Pangea Scale-Up program will focus on enabling East African startups to access follow-up investment ranging between $0.5-$3 Million. Selected startups will be engaged in an 18-month program

MTN makes history, lists its shares on the Rwanda Stock Exchange

MTN makes history, lists its shares on the Rwanda Stock Exchange

Mobile telecommunication company, MTN has announced the listing of its shares on the Rwandan Stock Exchange (RSE). This is a landmark achievement for the company as it is the first mobile network operator to list its shares in the RSE. The listing, which has been called a key milestone for

Why Afrikea launched a SaaS Ecommerce Platform to Power Global African E-Commerce

Why Afrikea launched a SaaS Ecommerce Platform to Power Global African E-Commerce

Last week, the Ivorian e-commerce startup Afrikrea announced the launch of ANKA – an all-in-one SaaS solution to provide seamless e-commerce, payments, and global shipping service for thousands of micro retailers and businesses on the African continent. The launch of the ANKA platform coincided with Afrikrea’s 5th anniversary as the

South Africa’s Kombo King Secures Funding

South Africa’s Kombo King Secures Funding

South Africa’s food-tech startup Kombo King has announced that it secured an undisclosed amount of funding from The Vumela Fund, established by FNB Business and Edge Growth. Kombo King was founded in 2015 by Ari Jacobson and KK Combi, the startup specializes in kitchen equipment supply and provides ventless

Hack the Planet competition 2021 opens to Innovators from Commonwealth Nations

Hack the Planet competition 2021 opens to Innovators from Commonwealth Nations

In commemoration of 2021 Earth Day, the Commonwealth Secretariat and Satellite Applications Catapult have announced the launching of the first-ever Hack the Planet competition. The program will assist individuals and startups with innovative and impactful ideas that can help address global issues including ocean degradation and climate crisis. The sole

KoinWa launches P2P App to enable Bitcoin Trading in Nigeria

KoinWa launches P2P App to enable Bitcoin Trading in Nigeria

The global Bitcoin frenzy keeps getting bigger and better and Africa remains one of the top players in cryptocurrency around the globe. In a statement released by KoinWa today, the startup said it has launched a mobile application that will aid traders to carry out cryptocurrency transactions conveniently. The integration

Misr Capital and Elevate Healthcare launch Africa’s largest PE healthcare platform

Misr Capital and Elevate Healthcare launch Africa’s largest PE healthcare platform

Misr Capital has announced that it is set to launch a $380m healthcare investment platform, Nile Misr Scan & Labs. The group will be looking to raise $150m before the first closing in Q1 2022, after seeding initial investments from Banque Misr’s cash commitment and Elevate Private Equity’s

After a 6 months pilot, Paystack officially opens its South African Office

After a 6 months pilot, Paystack officially opens its South African Office

Paystack, a leading African fintech company, powering businesses with its API has today announced its expansion to South Africa. Paystack’s launch in South Africa is preceded by a 6months pilot that was announced by the company a month after its acquisition by Stripe. In the course of this Pilot,

Kenya’s Fintech Startup Announces Expansion into South Africa

Kenya’s Fintech Startup Announces Expansion into South Africa

Kenya’s Fintech startup AZA Finance has announced it is expanding into South Africa after raising $20million over the last 18months. AZA Finance is an established provider of currency trading solutions that is expanding global access to frontier markets through its API and web infrastructure. The startup started with the

Nigerian fintech startup, Paga, launches Collect API

Nigerian fintech startup, Paga, launches Collect API

Leading Nigerian fintech company, Paga has launched Paga Collect API, a unique feature that will enable users to request payments directly within the application. This was announced in a blog post by the company’s CEO, Tayo Oviosu on Tuesday 4th, April 2021. According to the CEO, this new feature

Five Kenyan startups Selected to take part in JICA’s NINJA Accelerator

Five Kenyan startups Selected to take part in JICA’s NINJA Accelerator

Japan International Cooperation Agency (JICA) has selected five Kenyan startups to take part in The NINJA Accelerator that offers startups access to a tailored program and the chance to scale internationally. JICA is an organization that coordinates official development assistance for the Japanese government in developing countries; the organization expanded

Ayoba celebrates 2nd anniversary with 5.5 million users, introduces new features in the app

Ayoba celebrates 2nd anniversary with 5.5 million users, introduces new features in the app

The past two years have been an interesting one for the African messaging App, Ayoba as it has witnessed impressive growth in its user base, clocking 5.5 million users since its launch in 2019. The app has also announced the launch of its new Android app (0.38) which

Flextock secures $3.25M in pre-seed funding, largest ever pre-seed round in MENA

Flextock secures $3.25M in pre-seed funding, largest ever pre-seed round in MENA

Two months after passing out from the Y Combinator Winter Batch, Flextock, an Egyptian tech-enabled logistics startup has raised pre-seed funding of $3.25 million. This marks the largest pre-seed round closed by a startup in the Middle East and North Africa (MENA) region. This latest raise beats the record

Nigerian e-Commerce Startup Rabawa Secures $163,000 Funding from Aptive Capital

Nigerian e-Commerce Startup Rabawa Secures $163,000 Funding from Aptive Capital

Africa’s first video commerce platform, Rabawa, has announced that it has raised $163,000 in a round led by Aptive Capital, a USA VC firm that is focused on supporting early-stage startups. Rabawa is a startup that gives buyers and sellers access to a virtual shop and thousands of

Carry1st Raises $6 million in Series A funding to access Africa’s untapped Gaming Market

Carry1st Raises $6 million in Series A funding to access Africa’s untapped Gaming Market

Carry1st, an African-focused mobile game publishing platform has raised $6M in Series A funding to tap into Africa’s billion-dollar gaming market. The round, which has brought total funding raised to date to $9.5M since inception in 2018, was led by Konvoy Ventures, a video game venture capital firm

Togolese based Transport Startup Gozem Expands to Gabon

Togolese based Transport Startup Gozem Expands to Gabon

In October 2020 when Gozem despite the economic uncertainties caused by the COVID-19 pandemic acquired another Togolese startup called Delivroum which specializes in food deliveries, it was only the start of its expansion. Gozem has today announced the launch of ‘Super App’ taxi booking service in Libreville, Gabon. Gozem was

Kenya’s Insurtech Startup Lami raises $1.8m Seed Fund

Kenya’s Insurtech Startup Lami raises $1.8m Seed Fund

Kenya-based Insurtech startup Lami has announced it raised $1.8million in seed funding round led by Accion Venture Lab with participation from AAIC, Consonance, P1 Ventures, Acuity Ventures, The Continent Venture Partners, and Future Africa, to enhance the capabilities of its offering and expand across Africa. Lami was created by

GIZ Egypt launches €100 million funding programme for first-time fund managers

GIZ Egypt launches €100 million funding programme for first-time fund managers

GIZ Egypt has launched a €100 million ($120 million) funding programme called “VC University”. This programme which targets first-time venture capital (VC) funds is a partnership between GIZ and the Egyptian Micro, Small and Medium Enterprises Development Agency (MSMEDA), Endure Capital and Changelabs. The 12months programme will not just offer

Uhuru Growth Fund I reaches US$113m first close, with DFI partners, commercial and Impact Investors

Uhuru Growth Fund I reaches US$113m first close, with DFI partners, commercial and Impact Investors

Uhuru Investment Partners, a leading middle-market private equity firm based out of Lagos and Abidjan, has announced the first close of Uhuru Growth Fund I (UGF) at US$113 million, with capital support from CDC Group, the UK’s development finance institution (DFI), along with other DFI partners, commercial and

Uganda’s Ensibuuko raises $1m in a funding round

Uganda’s Ensibuuko raises $1m in a funding round

Ugandan Fintech startup Ensibuuko announced that it raised $1million fund in a funding round led by global impact investor FCA Investments to help accelerate its product service delivery across Africa. Ensibuuko was founded in 2014 by Gerald Otim. The startup operates an advisory microfinance platform developed especially for Savings and

SHAREit ranks Second Fastest-Growing Digital Content Distribution Platform in Africa

SHAREit ranks Second Fastest-Growing Digital Content Distribution Platform in Africa

SHAREit has been once ranked as the No.2 fastest-growing media publisher in Africa in AppsFlyer’s latest Performance Index, a tool that ranks the performance of mobile media sources. The ranking comes as a result of the app’s unique product offering and a wide array of features that

Kaspersky Expands Footprint in Nigeria and Ghana

Kaspersky Expands Footprint in Nigeria and Ghana

Kaspersky has announced a partnership with DataGroupIT (DGIT) to grow its cyber-security business in Nigeria and Ghana. “DataGroupIT is a value-add growth Distribution Company that is focused on African startups’ growth acceleration. DataGroupIT provides complex solutions for any size business, including Enterprise and SME markets across the African continent. DGIT

Nigerian Government announce partnership with Microsoft to develop high-speed internet infrastructure

Nigerian Government announce partnership with Microsoft to develop high-speed internet infrastructure

The Nigerian government through the Federal Ministry of Communications and Digital Economy has today announced a joint project between the Government and Microsoft to develop high-speed internet infrastructure across the six regions in the country. This joint project was announced by the Special Assistant on Digital and New Media to

Egyptian Odiggo Raises Fund, Plans International Expansion

Egyptian Odiggo Raises Fund, Plans International Expansion

Egyptian startup Odiggo that recently closed an undisclosed amount in a funding round has announced it is set for international growth. Odiggo was created in 2018 by Ahmed Omar but launched its service in 2019, the startup links customers with vendors in order to purchase car parts and accessories. Odiggo

MEST Announces Winners of it MEST Express 2020 Cohort

MEST Announces Winners of it MEST Express 2020 Cohort

Three Ghanaian startups have been selected to receive equity-free grant funding and support from the MEST and Mastercard Foundation after emerging top performers from the beta 2020 cohort of the MEST Express accelerator program. MEST is currently running 3 programs in partnership with the Mastercard Foundation through Young Africa Works,