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Ventures platform invests in three African tech startups.

Ventures platform invests in three African tech startups.

Ventures Platform has invested in three African tech startups, namely; Tambua Health, Brass, and FunnelJoy to help them scale their operations. Ventures Platform is a Pan-African seed and early-stage fund that supports successful startups building capital-efficient platforms to fill infrastructural gaps, connect underserved communities, create efficiencies, solve for non-consumption, and
May 15, 2020 1 min read
Facebook acquires GIF sharing service, GIPHY as Part of Instagram Team.

Facebook acquires GIF sharing service, GIPHY as Part of Instagram Team.

Social media giant, Facebook Inc has acquired GIPHY to join Instagram’s team. GIPHY is a leader in visual expression and creation. It contains a searchable library of animated GIFS that have integrated with a variety of apps. According to Facebook, 50% of GIPHY’s traffic comes from the Facebook
May 15, 2020 1 min read
Zimbabwean fintech company, Bitkesh rolls out WhatsApp based digital wallet.

Zimbabwean fintech company, Bitkesh rolls out WhatsApp based digital wallet.

Zimbabwean fintech company, Bitkesh, has rolled out a new WhatsApp-based digital wallet named, Uhuruwallet to help unbanked foreign nationals in South Africa make payments. The Uhuru digital wallet is a platform that allows people to perform transactions such as person to person, person to merchant, cash-in, cash-out, utility bill payments,
May 15, 2020 1 min read
MTN cuts off spending to save money amidst the Coronavirus Pandemic.

MTN cuts off spending to save money amidst the Coronavirus Pandemic.

MTN Group Ltd. cuts off spending for the year to save money and maintaining networks as Africa’s biggest wireless carrier amidst the ongoing COVID-19 pandemic. According to a statement by the telecom company, MTN will invest 21 billion ZAR ( $1.1 billion ) to 22 billion ZAR in 2020, which
May 15, 2020 1 min read
Facebook to build its $1 Billion Cable to give Africa fast and stable internet.

Facebook to build its $1 Billion Cable to give Africa fast and stable internet.

Facebook Inc. in collaboration with China’s largest Telecom carrier, China Mobile Ltd, and other Telecom carriers will build a giant undersea cable to give Africa a faster and more stable internet. The cost of the project will not exceed $1 billion, however, the exact budget has not been made
May 15, 2020 2 min read
Uber Mandates Drivers and Riders to wear mask henceforth.

Uber Mandates Drivers and Riders to wear mask henceforth.

Uber, the leading ride-hailing service provider, has mandated all its drivers in the United States, Canada, India, most of Europe and Latin America, to wear a mask before offering services. As cities begin to relax their lockdown policies, Uber drivers will not be able to offer hail riding or delivery
May 15, 2020 2 min read
Digital pitch event, The Nest helps startups acquire over $135k in funding.

Digital pitch event, The Nest helps startups acquire over $135k in funding.

Digital pitch event ‘The Nest’ is helping African startups acquire over US$135,000 in funding. The Nest which is supported by UNTAPPED is a Zoom-based digital event where each week three startups pitch to a panel of angel investors and anyone who wishes to listen, in an attempt to
May 14, 2020 2 min read
Egypt’s Shahry receives $650,000 pre-seed for its digital lending platform.

Egypt’s Shahry receives $650,000 pre-seed for its digital lending platform.

Egypt-based digital lending startup, Shahry has received $650,000 in pre-seed funding from the investment arm of Egbank, a leading Egyptian bank. Shahry uses a proprietary AI-based credit scoring engine which allows users to apply for virtual credit through its mobile app which they can use to purchase different products
May 14, 2020 2 min read
Telegram renounces Its blockchain platform TON.

Telegram renounces Its blockchain platform TON.

Messaging service Telegram has renounced its blockchain platform Telegram Open Network (TON). This comes after a lengthy battle with the U.S. Securities and Exchange Commission (SEC). The founder and Chief Executive, Pavel Durov wrote on his channel, “Today is a sad day for us here at Telegram. We are
May 14, 2020 2 min read
South African startup, A2X Markets secures investment from Absa Bank.

South African startup, A2X Markets secures investment from Absa Bank.

South African stock exchange startup, A2X Markets has secured an undisclosed investment from Absa bank to offer a strong validation model that can lower the cost of investing. The startup is a licensed stock exchange that gives a secondary listing venue for companies. Commenting on the startup, Chief Executive Officer
May 13, 2020 1 min read
Villgro Kenya gives away $150,000 to 12 startups fighting COVID-19 in Africa.

Villgro Kenya gives away $150,000 to 12 startups fighting COVID-19 in Africa.

Villgro Kenya, a Nairobi-based impact investor has given away the $150,000 in grant funding to 12 startups in East Africa. These startups are vested in technologies and innovations that can help in testing, monitoring, and managing the COVID-19 outbreak. Villgro Kenya is an early-stage business incubator and impact investor
May 13, 2020 1 min read
Novastar Ventures fund raises $108m.

Novastar Ventures fund raises $108m.

The Novastar Ventures Africa Fund II (NVAF II) has closed $108 million, which will be used to support businesses in both East and West Africa. Previously, the fund was limited to East Africa but now it is expanding to West Africa. Novastar Venture Fund is one big platform committed to
May 13, 2020 2 min read
EMPG acquires online property platform, Lamudi Global.

EMPG acquires online property platform, Lamudi Global.

EMPG, one of the leading digital classifieds groups in the MENA, South Asia, and Southeast Asia regions, has acquired online property platform Lamudi Global. The acquisition will help EMPG expand to the Philippines, Indonesia, and Mexico. Lamudi is an online property platform that focuses on emerging markets. The platform was
May 12, 2020 1 min read
Voyance introduces fraud monitoring platform to block fraudsters.

Voyance introduces fraud monitoring platform to block fraudsters.

Data science company, Voyance has introduced a fraud monitoring platform named Sigma that accumulates data from fintech within Africa to block fraudsters. Sigma is a fraud graph database platform that helps fintech companies to block known fraudsters who perform activities on their platform. The fraud monitoring platform addresses the problem
May 12, 2020 2 min read
South Africa's GovChat to partner with the country's Social Security Agency to digitize relief campaign.

South Africa's GovChat to partner with the country's Social Security Agency to digitize relief campaign.

South African civic engagement technology platform, GovChat is planning to partner with the South African Social Security Agency (SASSA) to digitize the application process of the COVID-19 social relief grant. The partnership will give the advantage to the unemployed in the country to have access to the platform for them
May 12, 2020 1 min read
Twitter to attach labels and warning messages to misleading COVID-19 info.

Twitter to attach labels and warning messages to misleading COVID-19 info.

Twitter is planning to attach labels and warning messages to tweets that contain misleading information about COVID-19. This follows the disinformation in a new conspiracy video about COVID-19 which has gone viral on Social Media. The video came from a well-known vaccine conspiracist, discredited scientist, and fired researcher-turned-book author. The
May 12, 2020 2 min read
Egypt’s CVentures commits to London-based fintech, Countingup.

Egypt’s CVentures commits to London-based fintech, Countingup.

Egypt’s venture capital arm of Commercial International Bank (CIB) CVentures, has committed an undisclosed amount in London- based fintech Countingup. The round was led by the VC arm of a leading pan-European banking and financial services ING Group with the participation of CVentures. Countingup offers banking and services to
May 11, 2020 1 min read
South African grocery delivery startup Zulzi receives R30m from JSE-listed company.

South African grocery delivery startup Zulzi receives R30m from JSE-listed company.

South African online grocery delivery startup, Zulzi has received R30-million from a JSE-listed company. The platform allows users to get direct access to thousands of grocery items through a mobile app. The app then lets customers build their grocery lists and purchase items without visiting a store. Trained shoppers handpick
May 11, 2020 1 min read
Egyptian Beauty Startup, ‘Source Beauty’ secures pre-seed investment from 500 Startups.

Egyptian Beauty Startup, ‘Source Beauty’ secures pre-seed investment from 500 Startups.

Egyptian beauty Startup, an e-commerce platform Source Beauty has secured an undisclosed pre-seed investment from 500 Startups. Source Beauty allows users to purchase beauty products for women with a focus on local millennial price-friendly products. Speaking on the investment, the founder, Lydia Schoonderbeek said, “We are very pleased to receive
May 11, 2020 2 min read
WHO to launch contact tracing app.

WHO to launch contact tracing app.

The World Health Organization (WHO) is planning to launch a contact tracing app this month. This app will help people in under-resourced countries to test and trace people exposed to Corona-virus. According to Reuters, the contact tracing app is Bluetooth-based. Chief Information Officer for WHO, Bernardo Mariano said that the
May 11, 2020 2 min read
Gozem collaborates with Etisalat Benin.

Gozem collaborates with Etisalat Benin.

Gozem, Ride-hailing company collaborates with Etisalat Benin Francophone ride-hailing company, Gozem has collaborated with Etisalat Benin to make it’s “Moov Money” service accessible to its customers.This move by the two companies will allow Gozem customers to use Moov Money to top up their wallets and pay for trips.
May 11, 2020 2 min read
Zoom acquires Keybase to reinforce its encryption.
Zoom

Zoom acquires Keybase to reinforce its encryption.

Video Communications Inc. Zoom has acquired Keybase Inc to reinforce its service encryption. This follows several complaints from users about the security of the platform. The company in a statement said the procurement will push Zoom’s goal to become the most popular video conferencing tool with end-to-end encryption. As
May 7, 2020 1 min read
Ugandan government imposes strict guidelines for Boda Boda and taxis.

Ugandan government imposes strict guidelines for Boda Boda and taxis.

Ugandan government through the ministry of Kampala is imposing strict guidelines for all boda-boda as and taxis requiring them to operate under digital companies. This requirement comes after the lift of the coronavirus lockdown in the region. Regarding the guidelines, Lord Mayor of Kampala, Erias Lukwago said, all boda-boda motorcycles
May 7, 2020 1 min read
Swvl, an Egyptian transportation startup secures $20m in a new round.

Swvl, an Egyptian transportation startup secures $20m in a new round.

Swvl, an Egyptian transportation startup has secured over $20-million in a new round before the  COVID-19 invaded the country. Swvl is a premium mass transit system that provides buses. It allows people to share a ride in a van or bus during morning and evening commutes for a fixed fare
May 7, 2020 1 min read
Zoom to introduce new security features.
Zoom

Zoom to introduce new security features.

Video conferencing platform, Zoom is planning to introduce new security features to address the criticisms that have plagued the platform recently. This follows the several backlashes on security the App has received from cybersecurity experts and other legal authorities. One condemning report by The Intercept stated that Zoom’s meetings
May 7, 2020 2 min read
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