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Nigeria’s Nearpays Wins Big at Gitex Africa Tech Conference
Daily

Nigeria’s Nearpays Wins Big at Gitex Africa Tech Conference

Nigerian fintech startup, Nearpays has emerged as the overall winner of the highly coveted Fintech and Blockchain Technology category at the Gitex Africa tech conference. The startup, which provides a comprehensive financial payment platform, clinched the $10,000 prize by outperforming the fierce competition in the Supernova Challenge held in
Jun 5, 2023 2 min read
The Empowerment Of MENA's Ecosystem Via Arabization
Features

The Empowerment Of MENA's Ecosystem Via Arabization

Arabization, also known as the Arabization of technology or the localization of technology, refers to the process of adapting and translating technological products and services into the Arabic language. Localization also considers translating and adapting software interfaces, documentation, and content into the local language. This involves not only translating words
Jun 2, 2023 2 min read
Impacts of Fuel Subsidy Removal on the Nigerian Tech Startups
Features

Impacts of Fuel Subsidy Removal on the Nigerian Tech Startups

Nigeria, a country known for its thriving tech ecosystem and the growing number of startups, is currently facing a major challenge. The government’s recent removal of fuel subsidy has resulted in soaring fuel prices from the official pump price of $0.40 (185 naira) to $1.18 (550 naira)
Jun 2, 2023 4 min read
WhiteBIT, One of Europe’s Leading Crypto Exhanges Expands to Nigeria
New Analysis

WhiteBIT, One of Europe’s Leading Crypto Exhanges Expands to Nigeria

WhiteBIT, one of Europe’s leading cryptocurrency exchanges, has made its official debut in Nigeria, marking a significant milestone in its global expansion efforts. With a steadfast commitment to security, liquidity, speed of execution, and user-friendly trading tools, WhiteBIT is poised to revolutionise the cryptocurrency landscape in Nigeria. Also, the
Jun 2, 2023 2 min read
Yellow Card Partners Tether to Drive Stablecoin Education, Adoption Among African Youth
Crypto

Yellow Card Partners Tether to Drive Stablecoin Education, Adoption Among African Youth

Yellow Card and Tether, two prominent players in the cryptocurrency industry, have announced the successful completion of Phase 1 of their partnership in three key African markets. Over a period of two months, the partnership focused on raising awareness, providing education, and driving the adoption of USD₮, Tether’s stablecoin,
Jun 1, 2023 2 min read
Egypt's Fintech Giant Fawry Partners With Infobip
Daily

Egypt's Fintech Giant Fawry Partners With Infobip

Egypt’s leading payments Fawry has entered a partnership with global cloud communications platform, Infobip to enable payments through META channels. The new deal offers Fawry’s users a seamless payment experience while giving Infobip access to the Egyptian market. The partnership will see Fawry leverage Infobip’s omnichannel solutions
Jun 1, 2023 2 min read
Mawdoo3 Partners with UAE-based Ad-tech, ArabyAds, For Media Growth
Daily

Mawdoo3 Partners with UAE-based Ad-tech, ArabyAds, For Media Growth

Jordan Arabic Content Publisher, Mawdoo3, has partnered with global ad-tech company ArabyAds and its publisher monetisation platform, ThePubverse. The partnership will enable ArabyAds to be Mawdoo3’s media representative,  bringing on board the advertiser base of ArabyAds and ThePubverse. Since its establishment in 2010, Mawdoo3 boasts of having more than
Jun 1, 2023 2 min read
Google Startups Growth Academy Invites African Healthtech Startups To AI for Health Programme
AI for Health

Google Startups Growth Academy Invites African Healthtech Startups To AI for Health Programme

Google for Startups Growth Academy has announced the start of its programme, AI for Health. A hybrid programme dedicated to supporting and accelerating the growth of startups, using artificial intelligence (AI) and machine learning (ML) technology to develop tech solutions in the healthcare and wellness industry, thereby improving the health
Jun 1, 2023 2 min read
Ugandan Zofi Cash Receives $1M Pre-seed Funding to Revolutionise Earned-Wage Access to Africans
Earned-wage services

Ugandan Zofi Cash Receives $1M Pre-seed Funding to Revolutionise Earned-Wage Access to Africans

Zofi Cash, a Ugandan fintech startup has received $1 million in a Pre-Seed funding round from Advancly to provide earned-wage access to Africans. This not only propels Zofi Cash to new heights but also symbolises the immense potential of earned-wage access platforms in Africa. Founded in 2021 by the duo
Jun 1, 2023 2 min read
The SA BRICS Challenge Open For Tech Gurus

The SA BRICS Challenge Open For Tech Gurus

The SA BRICS Business Council is seeking talented emerging tech professionals in South Africa for the BRICS Future Skills Challenge. As per the recent announcement, the upcoming BRICS Future Skills Challenge will focus on addressing energy, water, and health-related challenges faced by South Africa, Brazil, Russia, India, and China. The
May 31, 2023 2 min read
Energy Investment Village to Energize African Startups

Energy Investment Village to Energize African Startups

Application to the Energy Investment Village’s highly anticipated pitch event is still ongoing. The event titled “lions den” promises to be a game changer for Africa’s sustainable energy sector. Start-ups from South Africa and various regions in Africa have been extended an invitation to partake in an exhilarating
May 31, 2023 2 min read
Sun King, Clean Start-up Secures $130m Funding Round From BII, Stanbic Bank Kenya

Sun King, Clean Start-up Secures $130m Funding Round From BII, Stanbic Bank Kenya

British International Investment (BII), the development finance institution (DFI) and impact investor of the UK, along with Stanbic Bank Kenya (a member of the Standard Bank Group), have pledged their support to Sun King. Sun King is a cleantech start-up that provides off-grid solar energy solutions. The commitment includes a
May 31, 2023 3 min read
Why Rise in Startup Founders Need More Startup Accelerators

Why Rise in Startup Founders Need More Startup Accelerators

Achieving success is a pursuit that necessitates a clear vision and guidance. This is why accelerator programs are crucial, as they provide the opportunity to transform ideas and innovation into viable and scalable businesses. Every entrepreneurial venture begins with a concept; whether you possess an innovative idea for a product
May 31, 2023 3 min read
UAE Logistics Startup Cargoz Secures Undisclosed Bridge Fund for KSA Expansion
Funding

UAE Logistics Startup Cargoz Secures Undisclosed Bridge Fund for KSA Expansion

UAE-based logistics startup Cargoz has secured an undisclosed bridge funding round from Nama Ventures, RAZ Group and other angel investors from the UAE and Saudi Arabia. Cargoz plans to use the funds to launch in Riyadh by Q3, 2023 and scale its growth in the UAE. Founded by Premlal Pullisserry
May 31, 2023 2 min read
Egypt's CardoO Rolls out IoT-powered Watch, Secures $660K in Pre-seed Round
Funding

Egypt's CardoO Rolls out IoT-powered Watch, Secures $660K in Pre-seed Round

Egypt-based Internet of Things (IoT) startup CardoO, has rolled out its first IoT-Enabled Smartwatch. The rollout follows CardoO’s closing of a $660,00 seed round from Alexandria Angel Network, with participation from Sofico Investments and other angel investors from Saudi Arabia. CardoO, which was founded in 2018, specializes in
May 31, 2023 2 min read
Turkey AI Marketing Platform Insider Secures $105 Million
Funding

Turkey AI Marketing Platform Insider Secures $105 Million

Turkey-based AI marketing platform Insider secures $105 million in new funding round. The fresh investment came from existing investors: Qatar Investment Authority and Esas Private Equity. This comes after the company raised a $121 million Series D at a $1.22 billion valuation in March last year, making it a
May 30, 2023 2 min read
The Many Troubles of Patricia: Matters Arising
Crypto

The Many Troubles of Patricia: Matters Arising

It is widely assumed that most African startup founders regard funding as a means to an end. Rather than investment tied to a specific goal, it is viewed as a reward for their many years of hard work. Many of them migrate to the West and even relocate their companies’
May 30, 2023 4 min read
The Ouut's Hightlight Of The Week

The Ouut's Hightlight Of The Week

This week is packed with diverse events in the African ecosystem. From SA SME  raising $ 30 million to Paymob obtaining certification for its operation in Saudi Arabia. Read these and more in our Highlights of the Week. A compilation of all the News analysis and Feature you missed out on
May 27, 2023 2 min read
Unleashing AI Potential for Nigeria's Economic, Technological Development
Artificial Intelligence

Unleashing AI Potential for Nigeria's Economic, Technological Development

Artificial Intelligence (AI) has become a transformative force across the globe, and Nigeria stands out as one of the biggest adopters of AI technology in Africa. A 2022 report by AI Media listed Nigeria, Egypt, South Africa, and Kenya as the biggest adopters of Artificial Intelligence technology in Africa. Interestingly,
May 26, 2023 5 min read
How Yemen Can Leverage Technology To Overcome Water Crisis
Features

How Yemen Can Leverage Technology To Overcome Water Crisis

Yemen, like many other countries, has been facing a severe water crisis for many years, with limited access to clean water and issues of water scarcity.  The Yemeni water crisis is a complex and multifaceted issue that requires sustained efforts from both national and international stakeholders. The country is disadvantaged
May 26, 2023 3 min read
MENA's ZainTech Acquires UAE-based Adfolks to Offer Cloud Services to Clients
New Analysis

MENA's ZainTech Acquires UAE-based Adfolks to Offer Cloud Services to Clients

Digital solutions powerhouse of Zain Group, ZainTech has acquired Adfolks, a UAE-based cloud engineering firm that offers a range of cloud transformation services. The acquisition falls in line with ZainTech’s strategic plan to expand its technology offering while providing holistic solutions to its growing customer base. The deal marks
May 26, 2023 2 min read
Nigerian Fintech Startups Dominates AWS Inaugural Cohort Programme
AWS

Nigerian Fintech Startups Dominates AWS Inaugural Cohort Programme

Nigeria’s fintech startup ecosystem has achieved a remarkable milestone with the inclusion of eleven Nigerian fintech startups in the finals of the AWS Fintech Africa Accelerator cohort. Out of a total of twenty-five fintech startups selected by Amazon Web Services (AWS), these Nigerian startups have secured a coveted spot
May 26, 2023 3 min read
How To Leverage On Tech Talent Pool To Enhance Palestine Startup Ecosystem

How To Leverage On Tech Talent Pool To Enhance Palestine Startup Ecosystem

The MENA region constitutes some interesting ecosystems. While some countries compete to attain and remain A-list ecosystems, some are still in struggles of trying to build, develop, or scale theirs. This shows various diversity and the growth of the region in general. It can’t be denied that some ecosystem
May 26, 2023 5 min read
E3LCEF Gets $48.1M to Back Tech-Enabled Low-Carbon Entrepreneurs in Africa
E3 Capital

E3LCEF Gets $48.1M to Back Tech-Enabled Low-Carbon Entrepreneurs in Africa

In a pivotal move toward a sustainable future, the E3 Low Carbon Economy Fund for Africa (E3LCEF) has secured an impressive first close at $48.1 million. Also, with E3LCEF’s clear mission to invest in Africa’s next-generation low-carbon entrepreneurs, this fund will play a vital role in scaling
May 25, 2023 3 min read
Africa Tech Summit London Announces 12 African Tech Ventures for Investment Showcase
Africa Tech Summit

Africa Tech Summit London Announces 12 African Tech Ventures for Investment Showcase

Africa Tech Summit London (ATSLDN) is set to host an exciting event at the London Stock Exchange on June 23rd, where 12 African tech ventures will present their investment opportunities to a diverse audience of investors, corporates, and industry experts. This marks the 15th live summit organised by the Africa
May 25, 2023 2 min read
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