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Kenya’s Kidato Receives $125,000 from Y-Combinator

Kenya’s Kidato Receives $125,000 from Y-Combinator

Flutterwave, Envyl, Instabug, Lynks, Paystack and Worldcover all have something in common: the accelerator, Y-Combinator. Y-Combinator has differentiated itself from other startup accelerator firms in Africa in the value-added service they have been able to provide their clients in addition to providing startup funds for African Startups. Kidato became the

M-KOPA and Pula Advisors Secure $1.3M Funding to Improve Women’s Digital Access to Loans

M-KOPA and Pula Advisors Secure $1.3M Funding to Improve Women’s Digital Access to Loans

The African Development Bank (AfDB) has approved two grants for research that will increase African women’s access to a range of digital financial services including loans and micro-insurance. According to a statement released by the bank on Monday 8th March, 2021, the grants for $1 million and $300,000

Deezer Slashes Subscription Fee and now Accepts Naira Payment

Innovation always brings about rivalry among tech firms, and it’s the good kind most of the time. Individual firm dynamism will always cause a stir in the flow of operation of other firms in the tech space. On the 23rd of February, 2021, Spotify, the world’s most popular

Senegal Restricts Internet Access in the Wake of Protests across the Country

Senegal Restricts Internet Access in the Wake of Protests across the Country

Senegal, a country in the West African Region, has blocked social media access after an opposition protest was disrupted by the police on Wednesday. The protests were sparked when the leading opposition leader Ousmane Sonko was arrested as hundreds of supporters followed his motorcade, chanting and reportedly throwing stones at

Artificial Intelligence

Apple Discontinues iMac Pro

Apple designed the iMac Pro for pros. The iMac pro is packed with powerful graphics, powerful processors, advanced storage and memory and a breathtaking Retina 5K display. It is designed to serve every purpose and everyone from photographers to video editors to 3D animators to musicians to software developers and

Bolt Lands $24million Market War Chest from the IFC

Easy does it they say. Hailing a ride is a lot easier now with Bolt. How crazy it was to think one could digitize hailing a ride for road users a decade ago, but for Markus Villig, it is his success story. Bolt is not without its fair share of

Kenyan Fundraising Platform Secures $25k investment from Venture Capitalist Firm Microtraction

Kenyan Fundraising Platform Secures $25k investment from Venture Capitalist Firm Microtraction

Kenyan fundraising platform Raise, has raised $25,000 funding from Nigeria-based Venture Capitalist firm, Microtraction, to help build up its platform and scale. Raise is a simple fundraising and equity management platform founded by Marvin Coleby and Eugene Mutai in 2018. Raise empowers founders with affordable online tools to raise

Artificial Intelligence

Somalia Integrates Mobile Money Payment System

What you need to know about Mobile Money The ability to transfer funds, pay bills, save, borrow or even acquire insurance coverage via a mobile phone is very satisfying. This is how mobile money is transforming the lives of individuals and businesses in Africa. Beyond the convenience which mobile money

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

Insurtech’s Pula Raises $6m funding for African Startups

What does it mean to be insured? To be insured means to be in a contract as an individual or an entity with an insurance company, holding a contract policy that protects you or the entity from financial losses, this is common in the western worlds. The African insurance market

Samsung Donates Innovation Hub to YABATECH

Samsung built and furnished an innovation hub and handed it over to Yaba College of Technology, popularly known as YABATECH. The company had worked with the institution for weeks and has transformed the institution’s former computer lab to an innovation hub worthy of repute, equipped with 50 monitors, desk

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

Spotify Targets Over 1 Billion Users in Recent Expansion to Africa and Other Locations

Spotify Targets Over 1 Billion Users in Recent Expansion to Africa and Other Locations

Global Music Streaming giant Spotify is making a grand entry into Africa with a launch in over 39 African Countries including Ghana, Nigeria, Ivory Coast, Kenya and Zimbabwe. The company plans to enter into 80 new markets with more than 36 languages. These new markets include countries in Asia, Africa,

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

Microsoft’s Apprenticeship Program in Africa

An apprenticeship program is a program that trains a person or persons to become skilled in a particular trade. Apprenticeships combine hands-on work with classroom learning to train the apprentice; they are not considered to be full-time employment. As the apprentice is learning, he is also applying the lessons through

African Startups can Benefit from the AfCFTA Vision

Overview of a Free Trade Area Ever heard of a free trade area and what it stands for? Well, free trade area is an agreement between countries with intention to seal an economic cooperation among them. This agreement enables them bring down trade barriers like tariffs and import quotas. The

African Tech Start Ups break Record: Raise over $700M in 2020

African Tech Start Ups break Record: Raise over $700M in 2020

Despite the pandemic, 2020 seems to be a watershed for African Tech startups as they were able to raise US$701,460,565 in funding and seed investments. This was contained in a free report released by Disrupt Africa, a startup news and research portal which has tracked the growth

JAPANESE VENTURE CAPITALIST PLANS TO INVEST $15M ON AFRICAN STARTUPS

JAPANESE VENTURE CAPITALIST PLANS TO INVEST $15M ON AFRICAN STARTUPS

The Uncovered Fund which was launched in June 2020 is a Venture Capital Fund targeting early and seed-stage startups in Africa. The fund is expected to close at the end of June 2021, with a total of $15 million. The fund is designed to support what the firm calls the

Economic Effects of Internet Shutdowns in Africa

Economic Effects of Internet Shutdowns in Africa

Internet, especially, social media shutdowns have become a regular feature in Africa. Since 2007, when Africa witnessed its first digital blackout in Guinea, shutting down of the internet and telecommunication service has become a consistent option in the playbook of African leaders as 26 out of the 54 states in

Amoo’s GridCode for Nigerians and Businesses

How precise do you think direction can be? Imagine going somewhere you’ve never been, and having precise direction at your reach. With your mobile phone and this 42mb application called GridCode, you can get a precise description of the direction any intended destination in Nigeria. GridCode was invented in

IrokoTV Going Public on London Stock Exchange: An Analysis

IrokoTV Going Public on London Stock Exchange: An Analysis

IROKO’s Nigeria Story In December 2011, IROKO TV was launched and was dubbed the Netflix of Africa. The media company went on to grow in the coming years and became the world’s largest legal digital distributor of African movies, especially Nollywood films. By January 2020, IROKO TV had

The Aftermath of Jeff Bezos’ $30million Investment in African Startup, Chipper Cash

The Aftermath of Jeff Bezos’ $30million Investment in African Startup, Chipper Cash

Africa’s Fintech The narrative about Africa’s Financial Technology (Fintech) industry has been changing over the years. There have been large support for African startups in Cape Town, Nairobi, Lagos, and other parts of the continent. The prestigious Y-Combinator has continuously assisted African tech startups by providing accelerator funds

BRT’s Lead-Acid Battery Regeneration Solution in Africa

BRT’s Lead-Acid Battery Regeneration Solution in Africa

BRT Energy With economic growth and population increasing rapidly in Africa, it is expected that there will be an increased burden on the energy and power sector of the continent. There should be dynamism and collaboration among both the governments and tech startups to find cleaner and better ways to