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

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
Mar 1, 2021 2 min read
JAPANESE VENTURE CAPITALIST PLANS TO INVEST $15M ON AFRICAN STARTUPS
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
Feb 26, 2021 2 min read
Economic Effects of Internet Shutdowns in Africa
Startups

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
Feb 25, 2021 4 min read

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
Feb 25, 2021 2 min read
IrokoTV Going Public on London Stock Exchange: An Analysis
Business

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
Feb 25, 2021 2 min read
The Aftermath of Jeff Bezos’ $30million Investment in African Startup, Chipper Cash
Business

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
Feb 25, 2021 2 min read
BRT’s Lead-Acid Battery Regeneration Solution in Africa
Startup

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
Feb 23, 2021 3 min read
Nigerian Government to Build ICT Parks
Startups

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
Feb 19, 2021 2 min read
JOBBERMAN ANNOUNCES ROLAKE ROSIJI AS ITS NEW CEO
Startups

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.
Feb 19, 2021 2 min read
Call for Entries: African Tech Challenge Against Disinformation and Propaganda
Startups

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
Feb 19, 2021 2 min read
Binance in the Aftermath of the Crypto Ban in Nigeria
Blockchain

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,
Feb 17, 2021 2 min read
Lara.ng: The Real Nigerian Map
Business

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.
Feb 16, 2021 4 min read
CBN Suspends the Crypto Trading Ban in Nigeria
Blockchain

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
Feb 16, 2021 3 min read
The rapid growth of tech hubs in Africa
Startups

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
Feb 15, 2021 4 min read
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
Feb 15, 2021 3 min read
ANALYSING CBN’S BAN ON CRYPTO CURRENCY IN NIGERIA
Startups

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
Feb 15, 2021 5 min read
How Y Combinator Has Influenced Startups in Africa
Business

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
Feb 15, 2021 4 min read
New Venture Capital Fund launches with focus on the MENA region.
Funding

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
Oct 13, 2020 1 min read
Dreevo, an Egyptian delivery startup secures funding.
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
Oct 13, 2020 1 min read
Milango raises seed investment to help communities go online.
Funding

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
Oct 8, 2020 1 min read
Jumia partners Airtel Kenya to allow users make mobile payments.

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
Sep 29, 2020 1 min read
South African tech startup, Qnum Analytics joins US-based global accelerator.

South African tech startup, Qnum Analytics joins US-based global accelerator.

South African tech startup, Qnum Analytics, has been selected as a member of the US-based accelerator, The Batchery. The Batchery is a Californian global incubator for seed-stage startups. Qnum Analytics provides clients an automated inventory reconciliation solution for the dry bulk industrials and enables organizations to minimize inventory shrinkage, improved
Sep 29, 2020 1 min read
New website builder rolls out for businesses in MENA.

New website builder rolls out for businesses in MENA.

A new website builder, Weblic, has been rolled out for companies and individuals in the Middle East and North Africa (MENA) region. Weblic provides ready-to-use website templates to lower the learning curve for individuals without coding experience and skills in the Arabic language. The price of the website builder is
Sep 29, 2020 1 min read
Egyptian fashion rental platform, La Reina secures seed funding.
Funding

Egyptian fashion rental platform, La Reina secures seed funding.

Egypt-based online fashion rental platform La Reina has raised an undisclosed six-figure seed round from 500 Startups, Algebra Ventures, with participation from a group of angel investors. La Reina is an online platform that matches dress owners to renters directly. Sharif El-Badawi, the Managing partner at 500 Startups Middle East
Sep 29, 2020 1 min read
Glade Digital Bank App now available in Stores.

Glade Digital Bank App now available in Stores.

Nigerian fintech platform, Glade Digital Bank App, has rolled out on the App Store. The Glade Digital Bank App is now available on App Store for iPhone users on IOS versions 8 to 14. The app, which was only available for Android users, is now giving iPhone users the chance
Sep 25, 2020 1 min read
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