Israeli company SafeGuard has secured a total of $8 million in a Series A funding round to grow and develop its safety-tech platform for construction workers and sites. The round was spearheaded by the founder and Director of Secubit, Ron Zuckerman and co-founder of DriveNets Hillel Kobrinsky. Other people who

YuLife, a tech-driven financial services provider with the goal of inspiring life, has announced its South African launch. Guardrisk Life, South Africa’s largest life cell captive insurer and market leader in bespoke risk solutions, underwrites YuLife South Africa policies. Herman Schoeman, CEO of Guardrisk Life, expressed excitement over the

Presto Eat shows that impactful success can be achieved. No VC funding, and no funding round, yet it possesses the ability to scale. A Little Back Story. Libya; Over the last few years the Northern African country has witnessed a series of unfortunate events. This has brought attention to the

There’s no doubt that the United Arab Emirates (UAE) is a hub for businesses thanks to the steps it takes to cushion and support new startups. Due to the foundation laid by the UAE Government such as the zero tax system, pro-business government rules and visa regulations, the economy

Cassava Technologies, owned by Strive Masiyiwa, has planned to invest $25 million (R4.5 billion) in South Africa through its business segments Liquid Intelligent Technologies, Africa Data Centres, and Distributed Power Africa. The declaration was made at the recently finished 5th South Africa Investment Conference (SAIC) in support of South

Before the events that led to the collapse of the Silicon Valley Bank (SVB), African startups could spend above the region’s torrid economic landscape. This way they could cover the increasing cost of operations and employment. There has been a strange upheaval in the global talent market. Over 150,

Saudi Arabia-based fintech Hakbah has secured a pre-Series A funding round worth $2 million funded by Global Ventures and Aditum Investment Management. The startup plans to use the funds to develop its platform, improve the user journey, and advance its savings engine algorithm. Established in 2018 by Dimitar Kazakov and

Unifonic, a communication platform and CPaaS provider, has entered a partnership with InspireU, stc first corporate accelerator to support and develop digital startups and entrepreneurs in Saudi Arabia. The partnership targets early-stage startups in industries including financial technology, cybersecurity, artificial intelligence, digital games, The Internet of Things, blockchain, and other

Turkish AI translation and dubbing startup, Ollang has closed a seed funding round worth USD 1.5 million from investors including Revo Capital, JIMCO and  Dubai Angel Investors. Other investors who participated in the round are Koray Bahar from Joint Venture, Ahu Serter from Arya Melek Angel Investment and Orkun

Globally and in African markets, several fresh, promising solutions to safeguard and enhance the world’s food supply are beginning to gain popularity. Technology has made it possible to address Africa’s ongoing reliance on food imports and food insecurity in more resource- and cost-effective ways. A $55 million Series

UAE-based tech giant and investment group, e& formerly known as Etisalat has invested $400 million in the Super App of ride-hailing startup Careem. This investment makes e& the major shareholder by acquiring a 50.03 per cent stake in the Super App. Regardless of the new deal,  Careem

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 this week. Dive Right In. East Africa • News/Analysis IFC INVESTS $77M IN RISK-SHARING FACILITY FOR THE BOA TO BOOST