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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,

GIGM launches Stella, Nigeria's first 24hour mobility virtual assistant

GIGM launches Stella, Nigeria's first 24hour mobility virtual assistant

Anyone who has uses a logistics company consistently in Nigeria has a story or two to tell concerning delays or misplaced packages in transit. Most times, it takes a patient and competent customer service provider to settle these queries quickly and amicably. This is why Africa’s leading tech-driven transport

Goodwell Investments launches new fund to support African startups

Goodwell Investments launches new fund to support African startups

Goodwell Investments, an impact investment firm with a presence in Nigeria, Kenya, and South Africa has today announced the launch of a new EUR50m ($60million) fund to support high-growth startups in Africa. This new fund, named Goodwell V aims to channel capital from private investors, family offices, and foundations to

African Startups can apply for AFD Digital Challenge 2021

African Startups can apply for AFD Digital Challenge 2021

The Agence française de développement (AFD) has announced that African tech startups can apply for the AFD Digital Challenge 2021. The AFD Digital Challenge was first organized in 2016 and has since rewarded the most innovative African startups, groups, and research centers leveraging digital technology to solve Africa’s development

6th Cohort of Google for Startups Accelerator Opens for African Startups

6th Cohort of Google for Startups Accelerator Opens for African Startups

Google has announced the commencement of the 6th Cohort of the Google for Startups Accelerator program, and the launch of new developer scholarships in partnership with Pluralsight and Andela. These deals come as signs of Google’s commitment to the startup ecosystem in Africa. The announcement was made via a

SA based legal tech startups receive funding

SA based legal tech startups receive funding

Two innovative legal tech startups based in South Africa, Legal Lens and BriefCo have received an undisclosed amount of funding from Imvelo Ventures, a local venture capital firm founded by Capitec Bank and Empowerment Capital Investment Partners. These innovative tech startups belong to the Cycad Group, Founded by Yusha Davidson

Expensya raises $20 million from ISAI and Seventure Partners to fuel its growth

Expensya raises $20 million from ISAI and Seventure Partners to fuel its growth

Tunisian-based B2B expenses management company, Expensya has secured a $20 million investment from MAIF Avenir and Silicon Badia, with participation from French investors ISAI and Seventure Partners. With the fresh capital, the company intends to scale its R&D and fuel international expansion. According to a statement released by

Airtel Africa appoints Nigerian Segun Ogunsanya as Chief Executive Officer

Airtel Africa appoints Nigerian Segun Ogunsanya as Chief Executive Officer

Airtel Africa Plc, a leading provider of telecommunications and mobile money services in Nigeria and 13 other countries, has today announced the appointment of Mr. Olusegun Ogunsanya as the new Chief Executive Officer. This appointment follows the retirement notice given by the current Managing Director and Chief Executive Officer, Raghunath

OceanHub Africa Announces Six Startups for its African Impact Accelerator

OceanHub Africa Announces Six Startups for its African Impact Accelerator

South Africa’s OceanHub Africa has announced it has selected six (6) startups that will be part of its prestigious African Impact Accelerator in the second cohort of the program. The program aims to support ocean-minded startups and create sustainable development. The program also aims to reduce the effect of

Lacuna Fund announces Second Round of Funding for Natural Language Data technology across Africa

Lacuna Fund announces Second Round of Funding for Natural Language Data technology across Africa

Lacuna Fund has announced it raised a second funding round to fund natural language processing technologies across Africa. Lacuna Fund is an organization supported by Canada’s International Development Research Centre (IDRC), Google.org, the Rockefeller Foundation, and the initiative “FAIR Forward: Artificial Intelligence for All”. Startups and individuals with

Flutterwave and Worldpay partner to improve online card payments for African businesses

Flutterwave and Worldpay partner to improve online card payments for African businesses

After attaining Unicorn status early this year, Nigerian Fintech startup, Flutterwave has been bullish when it comes to partnerships that will improve the payments landscape in Africa. The latest amongst this partnership is with Worldpay, a leading payments technology solutions company from FIS. This partnership will enable Worldpay to leverage