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Nigerian Gov’t Approves National Blockchain Policy

Nigerian Gov’t Approves National Blockchain Policy

The Federal Government of Nigeria, on Wednesday, approved the National Blockchain Policy. Minister of Communications and Digital Economy, Isa Pantami, made the disclosure while briefing newsmen after the weekly Federal Executive Council (FEC) meeting presided over by President Muhammadu Buhari at the state house in Abuja. The minister in his

Again, African Tech Startups Funding in April Dipped by More Than Half

African startups Funding in April

Again, African Tech Startups Funding in April Dipped by More Than Half

The African startup scene appears to have hit a roadblock. As funding numbers in April continue in a not-so-impressive trajectory witnessed in the Q1 of 2023. Although this might be due to the global economic meltdown, tech layoffs, the collapse of SVB, and the current socio-political tension across the continent.

Wi-flix Brings Entertainment To Zambia

Wi-flix Brings Entertainment To Zambia

Entertainment in Zambia just got a facelift as Wi-flix in collaboration with MTN launched its streaming service in the country. This initiative promises to provide over 30,000 hours of entertainment to its Zambian audience. Wi-flix is a global streaming service, with its headquarters in the Netherlands. So far, it

African Start-ups Take the Lead in the Milken-Motsepe Agritech Competition

African Start-ups Take the Lead in the Milken-Motsepe Agritech Competition

African start-ups take the spotlight as they emerged as the winners in this year’s Milken-Motsepe agritech competition. This is the flagship of the agritech competition held by The Patrice Motsepe Foundation and the US-based Milken Institute. The alliance between these two organizations is geared towards the use of advanced

Food Crisis and Biotech to the Rescue

Food Crisis and Biotech to the Rescue

Food insecurity and chronic hunger are major recurring problems that exist in developing countries. Several approaches, including biotechnology, have been explored to cope with emerging issues of climate change and natural disasters that handicap poorly funded farmers. The countries in Southern Africa, including Zimbabwe, Zambia, Mozambique, and Malawi, are the

Israeli B2B Startup Aligned Raises $5.8 Million to Develop its AI Platform

Israeli B2B Startup Aligned Raises $5.8 Million to Develop its AI Platform

Israel-based B2B buyer-seller network, Aligned has raised $5.8 million in Seed funding to develop its AI customer engagement automated platform. Hetz Ventures and NFX led the funding round but saw participation from angel investors. The startup plans to use the funds to expand its team. There are also plans

Vodacom rolls out 5G services in Mozambique

Vodacom rolls out 5G services in Mozambique

The internet service is better when it is faster. With the roll-out of the 5G network across the globe, most African countries have taken the initiative to improve their digital services. Mozambique has now become part of these countries through Vodacom’s 5G launch. The multinational company, Vodacom, has upgraded

Iraqi Startup Midient Secures $125,000 in a Pre-Seed from Flat6Labs

Iraqi Startup Midient Secures $125,000 in a Pre-Seed from Flat6Labs

Iraqi SaaS startup Midient has secured a pre-Seed funding round worth $125,000 from Flat6Labs, MENA’s leading early-stage Venture Capital firm. Being Flat6Labs’ first investment in Iraq, Midient will use the fresh funds to widen its scope in Iraq and further develop its mobile app. Midient provides a mobile

An Nisa, Kenya's Women-Only Taxi Service Platform, Records 10K Users, Eyes Saudi Expansion

An Nisa, Kenya's Women-Only Taxi Service Platform, Records 10K Users, Eyes Saudi Expansion

An Nisa, a Kenyan women-only taxi service platform, is revolutionizing the transportation industry by providing safe and reliable transportation options to women and children. Founded by Mehnaz Sarwar in 2018, the company has quickly gained traction and now has over 10,000 users in its home market. With plans to

Nigeria's NOMBA Secures $30M in Pre-Series B to Provide Tailored Payment Services to Businesses

Nigeria's NOMBA Secures $30M in Pre-Series B to Provide Tailored Payment Services to Businesses

NOMBA, a Nigerian fintech startup, formerly Kudi, has today announced raising $30 million to provide tailored-payment services to businesses. The San Francisco-based Base 10 Partners led the Pre-Series B investment round, with investment from existing investors like Partech and Khosla Ventures and new investors like, Helios Digital Ventures and Shopify

UAE's E-commerce Startup Eighty6 Receives $3.7 Million Seed Round

UAE's E-commerce Startup Eighty6 Receives $3.7 Million Seed Round

UAE-based B2B e-commerce platform Eighty6 has received $3.7 million in a Seed round, from Sanabil 500 MENA Seed Accelerator Fund, a few GCC family offices as well as other investors. The startup plans to use the new funding to upgrade its technological capabilities, expand its operations within the UAE,

Tunis e-commerce Startup Drest.tn Secures $366,000 For Other Market Expansion

Tunis e-commerce Startup Drest.tn Secures $366,000 For Other Market Expansion

Tunisian fashion e-commerce startup Drest.tn has secured $366,000 in a fundraising round from Tunis VC firm, 216 Capital Ventures. The fresh investment will accelerate the growth of the startup and help it expand into other African markets. Founded in 2022, Drest.tn is an online platform that offers

The Ouut's Highlights Of The Week

The Ouut's Highlights Of The Week

Here is a round-up of the Stories that made up the news in the African tech ecosystem this week. You can also read up on some of our insightful Features and Interviews this week. Dive Right In. East Africa • News/Analysis WHAT TO EXPECT AS AFDB, AFN SIGN $525K GRANT

What To Expect As AfDB, AFN Sign $525K Grant to Set Up Fintech Hub

What To Expect As AfDB, AFN Sign $525K Grant to Set Up Fintech Hub

The African Development Bank (AfDB) and the Africa Fintech Network (AFN) have agreed to a $525,000 grant partnership to establish the Africa Fintech Hub, an online portal that will serve as a one-stop-shop for all fintech activities in Africa. The hub is a digital platform that will allow African

Storspay, Nigeria's Fintech Startup Raises $320K, Selected For Techstars NYC

accelerator programme

Storspay, Nigeria's Fintech Startup Raises $320K, Selected For Techstars NYC

Nigerian fintech startup, Storspay has raised $320,000 in funding and has been selected to participate in the Techstars NYC accelerator programme. The startup has developed a decentralised retail lending infrastructure platform for the Internet. The platform is targeted at connecting retail investors seeking alternative asset investment opportunities with small

Tunis Startup, Kumulus Among Winners of EBRD’s Startup Competition

Tunis Startup, Kumulus Among Winners of EBRD’s Startup Competition

Kumulus, a Tunisian startup that operates in the water industry is among the winners of the European Bank for Reconstruction and Development’s (EBRD) startup competition. EBRD AgVenture Challenge aims to support innovative early-stage agribusiness technology startups in the EBRD economies. The winners were announced at the EBRD Consumer Rules

MTN Launches Skills Academy to Close Digital Skills Gap in Zambia

MTN Launches Skills Academy to Close Digital Skills Gap in Zambia

In an effort to close the digital skills gap in Africa, MTN Group has introduced its flagship MTN Skills Academy in Zambia. The MTN Skills Academy is a free, online learning platform that was first unveiled at the Mobile World Congress in Kigali. The pan-African telecom is aggressively promoting the

UAE fintech startup, Pyypl Launches Its Social, Micro-Investment Platform

UAE fintech startup, Pyypl Launches Its Social, Micro-Investment Platform

UAE-based fintech startup, Pyypl– pronounced “people” has officially launched its social micro-investment platform for entrepreneurs and micro-SMEs in Africa. The initial phase of the launch is a partnership with Kenya’s Tuk Tuk Operators Network (TTON), a pan-African mobility network connecting Tuk Tuk operators across 47 counties. Pyypl’s platform

Zimbabwe Plans to Stabilize Currency Volatility Using a Gold-Backed Digital Currency

Zimbabwe Plans to Stabilize Currency Volatility Using a Gold-Backed Digital Currency

The central bank of Zimbabwe, the Reserve Bank of Zimbabwe (RBZ), has announced its plan to introduce a gold-backed digital currency. This initiative is a response to the current currency volatility in the country. The digital gold token will enable the Zimbabwean dollar to hold its value irrespective of foreign

Motshidisi Ngaiti Discusses The Fundamentals Of E-commerce, Within Botswana, Africa

Motshidisi Ngaiti Discusses The Fundamentals Of E-commerce, Within Botswana, Africa

E-commerce, Fintech, Healthtech, you can name it, Africa has it, but can investors support them all? Without specific comparison, there are obvious signs that technology has had a massive impact on Africa’s development. In Health, Finance, Catering, Agriculture, and other sectors, the adoption of technology has secured the continent’

How Fintech Can Improve Financial Inclusion in Algeria

How Fintech Can Improve Financial Inclusion in Algeria

Financial inclusion barely exists in Algeria thanks to the bureaucracy and inflexibility of the Algerian government which affects the emergence of fintech solutions. The country has a population of 45 million as of 2022, being the highest populated country in the Maghreb region of North Africa. However, as of 2022,

Sun King Acquires PayGo to Provide Clean Cooking Solutions to Africans

Sun King Acquires PayGo to Provide Clean Cooking Solutions to Africans

Sun King, the largest off-grid energy company in Africa and Asia, has today announced the acquisition of PayGo Energy, a leading pay-as-you-go tech startup for clean cooking. This acquisition addresses the problem of the three billion people who depend on open wood fires and charcoal stoves to cook food, leading

Capria Ventures Closes $100m Fund to Invest in Africa, Middle East Startups

Capria Ventures Closes $100m Fund to Invest in Africa, Middle East Startups

US-based Capria Ventures has closed its Global South Fund II, which aims to raise US$100 million. One of the leading investors in the fund is Gates Ventures founded by Bill Gates. Other institutional investors are Crystal Springs Foundation, OIP Investment Trust, Sall Family Foundation, Brakeman Family Trust, and two

Maholla Consumer Rewards App Secures $1.5m Seed Fund

Maholla Consumer Rewards App Secures $1.5m Seed Fund

Talk about a reward for your purchase, talk about Maholla. The South African consumer rewards app makes its users giggle every time they make a purchase. Maholla recently acquired $1.5 million in seed capital to support the development of its data platform and retail-agnostic rewards system. This is a