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

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

ICT solutions provider, Etisalcom Bahrain has partnered with Huawei to provide businesses in Bahrain with competitive cutting-edge technologies and state-of-the-art products. The goal of this strategic partnership is to transform Bahrain’s digital space. This partnership falls in line with the country’s vision of having a preeminent position in

The SAB Foundation has launched an R88 million Impact Fund in collaboration with LEAD Impact Capital and the National Treasury’s Jobs Fund. This grant is intended to provide accessible finance to qualifying entrepreneurs who have completed SAB Foundation initiatives in South Africa. The Impact Fund bridges the gap in

Emirati metaverse platform, Everdome has received additional investment from Bahamas-based digital 7asset investment firm, GEM Digital Limited (GEM). The fresh investment is an add-up of $50 million to the previous funding of $10 million last year, making a total of $60 million. In August 2022, GEM invested $10 million in

Fintechs arose due to the banking system’s low penetration and insufficient banking infrastructure. African countries have historically been hampered by a low level of financial inclusion. However, as mobile phone and telecom services expanded in the region, mobile money services emerged, adding to the answers to Africa’s financial

Convergence Partners, a private equity investor in the Sub-Saharan Africa tech industry has invested $10 million in 42Markets Group, a financial and capital markets fintech incubator and investment group. This investment follows the closing of Convergence Partners Digital Infrastructure Fund (CPDIF) at $296 million which surpasses its initial target by

The UAE-based startup, Intellia has rolled out its Artificial intelligence-powered vetting and project delivery platform for finance, strategy and public policy. The startup provides on-demand, 24-hour remote analysts for businesses through its proprietary AI-driven analyst vetting, training and quality control platform. Founder and Chief Executive of Intellia, Saad Raja said,

Saudi Arabian real estate technology startup Ajras has secured $533,000 in a pre-seed round from Angel investors. Headquartered In Riyadh, Ajras connects small and medium-sized companies with real estate owners by enabling entrepreneurs to search for real estate and choose their preferred property and its location via its platform.

The I’M IN entrepreneurial programme has announced the launch of its Ideation Incubator, a three-month programme dedicated towards female students with innovative technology start-up ideas. With support from J.P.Morgan, the program’s objectives include giving eligible female students a R50,000 equity-free investment as well as assistance

Luno, a South African-founded cryptocurrency exchange, is leaving Singapore. The company said in a statement, “We regret to inform you that from June 20, 2023, Luno services will no longer be available in Singapore.” Luno revealed earlier this year that it would be cutting its global workforce by 35%. It

Afrika Tikkun Bambanani (ATB) has launched its edtech solution, the BambaLearn App. The app is an innovative solution aimed at transforming early childhood education in rural and underserved communities.  It will include an online assessment center to track student and teacher progress, as well as a data-free online screening tool

The tech industry has witnessed massive layoffs due to reasons entrepreneurs such as unsteady economies. Thus, many of the world’s biggest technology companies such as Amazon, Microsoft, Twitter and Facebook and Google have cut off thousands of jobs. According to statistics compiled by Crunchbase about 131,000 workers in

Capitec has revealed it will invest $77 million (R1.4 billion) in key projects, including digital services, as the bank looks to transition its consumers to cashless transactions. This was revealed this week when the bank reported its financial results. Capitec’s headline earnings increased by 15% to R9.7

Bank Zero, a digital-only bank, has announced a partnership with local fintech firm iKhokha. The Durban-based technology firm, founded in 2012 by Ramsay Daly, Clive Putman, and Matt Putman, will provide business customers with a card machine solution that links with Bank Zero’s zero-fee bank account. iKhokha, well known

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

Telkom’s FutureMakers program has partnered with venture capital firm Aions Creative Technology to support South African start-ups. The partnership will see Aions received $3.8 million (R58 million) from Telkom FutureMakers after a competitive peaching procedure. The latest funding reflects the FutureMaker’s commitment to growing and working with

UAE-based business management platform Flyksoft has received $55,000 in Seed funding from angel investors. The startup will use the fresh funds to boost brand awareness and grow its media presence. Founded this year, Flyksoft is a business management startup that offers services to industries in the beauty sector such

A Tunisia-based gaming startup, CoaChess has secured a $191,000 pre-Seed funding round to improve its platform. The funding was led by Omicrone, the platform’s new investor and startup builder The fresh round will help bring the startup’s goal to life by enabling it to take its innovative

AI, like previous technologies, is revolutionizing our world, society, and industry. Because of the concept of machine learning, such breakthroughs are now conceivable. As a result of this advancement, there is a great deal of diversity in the use of AI, and as a result, sectors such as medicine, agriculture,

One of South Africa’s largest cities, Cape Town, announced on Monday that it will pursue the solar photovoltaic (PV) and battery energy storage system (BESS) project to end load shedding in the city. The project, which will protect the city from a full stage of load shedding, will cost