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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

Nigerian Government to Build ICT Parks

Nigerian Government to Build ICT Parks

Afrrican countries are beginning to realize the place of ICT in promoting economic growth and have begun to latch on to the trend. On February 4th 2021, the Nigerian Minister for Communications and Digital Economy, Hon. Isa Ali Patanmi performed the groundbreaking ceremony for the nation’s first ICT Park

JOBBERMAN ANNOUNCES ROLAKE ROSIJI AS ITS NEW CEO

JOBBERMAN ANNOUNCES ROLAKE ROSIJI AS ITS NEW CEO

Jobberman, Africa’s largest job placement platform, on Tuesday 9th of February announced Rolake Rosiji as its new CEO. Rolake will be taking over from Hilda Kragha who was appointed Managing Director of ROAM Africa Jobs, the parent company of Jobberman which owns a suite of online marketplaces across Africa.

Call for Entries: African Tech Challenge Against Disinformation and Propaganda

Call for Entries: African Tech Challenge Against Disinformation and Propaganda

Applications are being accepted from now until February 28, 2021 for the African Tech Innovation Challenge. The challenge is for African techies to come up with practical solutions against Disinformation and Propaganda in Africa. Interested technologists from across Africa are required to submit an application presenting their solutions to combat

Binance in the Aftermath of the Crypto Ban in Nigeria

Binance in the Aftermath of the Crypto Ban in Nigeria

There has been growing tension in the country’s crypto space especially after crypto users were threatened for using Bitcoin to raise funds for the sponsorship of the #EndSars protest in Nigeria, in October, 2020. The ban on crypto trading for financial institutions would increase the relevance of the CBN,

Lara.ng: The Real Nigerian Map

Lara.ng: The Real Nigerian Map

Meet Lara… In the words of Chimamanda Ngozi Adichie in 2019 “…if Lagos has a theme it is the hustle, the striving and trying. The working class does the impossible to scrape a living. The middle class has a side hustle. The banker sells cloths. The telecommunications analyst sells nappies.

CBN Suspends the Crypto Trading Ban in Nigeria

CBN Suspends the Crypto Trading Ban in Nigeria

On the 5th of February, 2021, a circular was released by the Central Bank of Nigeria (CBN) banning all deposit banks, non-financial institutions and other financial institutions from trading in crypto currency. This ban was further stretched as the circular instructed financial institutions to close the accounts of persons or

The rapid growth of tech hubs in Africa

The rapid growth of tech hubs in Africa

The African continent continues to break new grounds in tech and innovation. One of the leading factors that underpin this development is the presence of Tech Hubs. From the creation of iHub Innovation Centre in Kenya in 2008, the number has leapfrogged to about 643 across the continent as identified

Google Loon Balloons: The Story of Loon’s Stay in Africa

Google Loon Balloons: The Story of Loon’s Stay in Africa

The Beginning What started as an experimental idea in 2011 was officially launched in 2015 by the then Google’s Product chief, Sundar Pichai. At first glance, Google’s loon tech will appear to be a promising tech that provides individuals with the best internet network. Google loon tech was

ANALYSING CBN’S BAN ON CRYPTO CURRENCY IN NIGERIA

ANALYSING CBN’S BAN ON CRYPTO CURRENCY IN NIGERIA

CBN Governor, Godwin Emefiele The Central Bank of Nigeria (CBN), in a circular released on Friday 5th of February, 2021 ordered commercial banks and licensed financial institutions in Nigeria to close all accounts dealing with crypto currency in the country. The apex bank maintained that “regulated institutions dealing in crypto

How Y Combinator Has Influenced Startups in Africa

How Y Combinator Has Influenced Startups in Africa

Do you know that in Africa it is easier for large (rich, MNCs, or high capital) firms to access financial funds than it is for smaller and infant firms? In fact, it is riskier to access finance in Africa than in any other region of the world even though the

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