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Indigenous VCs, the Unsung Heroes: Spotlighting Launch Africa Ventures' Activities in the African Tech Ecosystem

African Venture Capitalists

Indigenous VCs, the Unsung Heroes: Spotlighting Launch Africa Ventures' Activities in the African Tech Ecosystem

Africa has become one of the leading startup hubs in the last decade, with its young and tech-savvy population driving innovation and entrepreneurship across the continent. The continent has seen an increase in the number of VCs investing in these startups in recent years (nearly 1,500 investors have been

Why PowerSchool’s Partnership with OneConnect Points Towards Increasing K-12 Education Adoption

Why PowerSchool’s Partnership with OneConnect Points Towards Increasing K-12 Education Adoption

PowerSchool, a leading provider of cloud-based software for K–12 education in North America, has named OneConnect as its first channel partner in Africa. OneConnect, an innovative provider of turnkey technology services and solutions in South Africa and across Africa, will help develop PowerSchool’s customer base in South Africa

UAE’s FinTech Sav secures $750k in a pre-seed round from angel investors

UAE’s FinTech Sav secures $750k in a pre-seed round from angel investors

Sav, a FinTech startup has secured an amount of $750,000 in a pre-seed funding round. The funding round was led by prominent angel investors and FinTech leaders in the MENA region. Speaking on the issue, the CEO of Sav, Purvi Munot, said, “We are thrilled to have the support

UAE-based startup, Cofe raises $15 Million in Series B funding round

UAE-based startup, Cofe raises $15 Million in Series B funding round

UAE-based online coffee marketplace, Cofe has acquired $15 million in a Series B funding round led by Wa’ed Ventures. Other investors that participated in the round include eWTP Arabia Capital, Al Imtiaz Investment Group, KISP Ventures (KFH Capital), and Rasameel Investment Company. According to the startup, the new funding

Labayh, Saudi's heathtech platform purchases Nafas App for an undisclosed amount

Labayh, Saudi's heathtech platform purchases Nafas App for an undisclosed amount

Labayh, Saudi Arabian health tech who specializes in mental health has purchased the Dhabi-based meditation app Nafas for an undisclosed amount. According to a statement from Labayh, the acquisition deal aligns with its strategy to create a unique experience for the customer and to enhance the psychological well-being of people

Flat6Labs rolls out new $95 M fund to support African Startups

Flat6Labs rolls out new $95 M fund to support African Startups

Seed investor and accelerator Flat6Labs has rolled out a new $95 million Africa Seed Fund (ASF) to grow and develop early-stage tech startups in Africa. with the support of the GIZ and as part of the Egyptian Agricultural Innovation Project (AIP) and Scaling Digital Agricultural Innovations through Startups project (SAIS)

YC De-emphases Late-Stage Funding to Focus on Early-Stage Investments

Early-stage investment

YC De-emphases Late-Stage Funding to Focus on Early-Stage Investments

Y Combinator, the Silicon Valley-based startup accelerator and venture capital firm, has announced a strategic shift in its investment focus from late-stage funding to early-stage investing. The company’s CEO, Garry Tan, explained that “YC is rightly known for early stage investing. In recent years, we have also done some

Franco-Senegalese Fleet Management Startup, Fleeti Expands to Morocco

Franco-Senegalese Fleet Management Startup, Fleeti Expands to Morocco

Fleeti, a Franco-Senegalese startup and fleet management solutions for Africa, has expanded into the Moroccan market. The firm, which provides innovative solutions to collect, centralize, and analyze data from field operations (vehicle fleet, machinery and equipment, cold chain, production chain, and so on), is expanding its international reach “to meet

South African Farmers Can Access Input Cost Reduction through PrysWys

South African Farmers Can Access Input Cost Reduction through PrysWys

SwiftVEE, pioneers in the South African livestock trade industry, has launched PrysWys, an app intended to lower farmers’ input costs. PrysWys is a retail business that connects farmers with input manufacturers directly, cutting expenses by as much as 50% in some cases. It is available online, through the Apple App

Could Naspers Foundry Shutdown Prove Devastating for Africa’s Funding Space?

Could Naspers Foundry Shutdown Prove Devastating for Africa’s Funding Space?

According to a BusinessDay story, Naspers, the most valuable corporation in Africa in terms of market value, has closed its venture capital fund, Naspers Foundry, in an effort to streamline operations. The Foundry will keep its investments, which include firms like Naked Insurance, SweepSouth, and most recently, Planet42’s $100

Mark Kleyner’s Dream VC is Training Africa’s Next VCs Through its Venture Capital Fellowship Programs

Mark Kleyner’s Dream VC is Training Africa’s Next VCs Through its Venture Capital Fellowship Programs

Founded in 2021 by a team of investors, ecosystem builders, and tech founders alike, Dream VC has grown into a thriving community of 80+ alumni fellows spread across 30+ countries and growing with each cohort, striving to democratize access to and understanding of the venture capital space for professionals on

GoDaddy collaborates with Saudi Arabia's Monsha'at to empower SMES's

GoDaddy collaborates with Saudi Arabia's Monsha'at to empower SMES's

World’s largest domain name provider, GoDaddy collaborates with Saudi Arabia’s Monsha’at to empower SME’s GoDaddy, the world’s largest domain name registrar and Web hosting provider has collaborated with the General Authority for Small and Medium Enterprises (Monsha’at) to empower SMEs and young entrepreneurs to

SVB Collapsed: Why African Startups Must Begin to Look Inward

African startups

SVB Collapsed: Why African Startups Must Begin to Look Inward

The recent collapse of Silicon Valley Bank (SVB), which was shut down by the Federal Deposit Insurance Corporation (FDIC) last Friday after the bank announced that it lost $1.8 billion in the sale of treasuries and securities has sent shockwaves throughout the global tech community, particularly in Africa, where

The Silicon Valley Bank Shutdown. How Cracked is South Africa’s Funding Space?

The Silicon Valley Bank Shutdown. How Cracked is South Africa’s Funding Space?

The Silicon Valley Bank collapse can’t really stay out of the news at the moment. The news had broken that Silicon Valley Bank, the bank of choice for most startups and venture capitalists, had been shut down by the Federal Deposit Insurance Corporation (FDIC). Customers of SVB have been

CBN Policies and Financial Inclusion: Open Banking in the Spotlight

CBN Policies and Financial Inclusion: Open Banking in the Spotlight

The Central Bank of Nigeria (CBN) in following up with its plans towards achieving financial inclusion in Nigeria has introduced an Open Banking policy, which is aimed at deepening financial innovation and inclusion in the country. The policy allows for the sharing of financial data between different financial institutions, third-party

The Jennifer Ward-Oppenheimer Research Award Opens for African Cleantech Innovators

The Jennifer Ward-Oppenheimer Research Award Opens for African Cleantech Innovators

Young African scientists with novel research proposals are eligible for the 2023 Jennifer Ward-Oppenheimer (JWO) Research Award. The main applicant must hold a degree or a higher qualification and have close ties to an accredited African institution. The institution must have a track record of successfully managing funds and adhering

Cross Switch Ghana Gets a Node from the Bank of Ghana to operate as an Enhanced Payment Service Provider

Cross Switch Ghana

Cross Switch Ghana Gets a Node from the Bank of Ghana to operate as an Enhanced Payment Service Provider

Cross Switch Ghana LTD, a Ghanaian fintech startup, and its parent company, Cross Switch International S.A.R.L., have announced that Cross Switch Ghana LTD has received approval from the Bank of Ghana to operate as an Enhanced Payment Service Provider. The payment firm plans to use the EPSP

Kenya's WorkPay, Takes it's HR-Payroll Services to the Moroccan Workers

Kenya's WorkPay, Takes it's HR-Payroll Services to the Moroccan Workers

Workpay, a Kenyan HR-payroll startup, which recently secured $2.7 million in pre-Series A funding from a group of investors including Launch Africa, Saviu Ventures, Acadian Ventures, Proparco, Fondation Botnar, Kara Ventures, Axian, P1 Ventures, and Norrsken has expanded its operations to Casablanca, Morocco in its latest expansion drive. This

Innovative Fund of Funds Launches in Ghana to unlock $75M for SMEs

Ci-Gaba Fund of Funds

Innovative Fund of Funds Launches in Ghana to unlock $75M for SMEs

Impact Investing Ghana (IIGh) has launched its Ci-Gaba Fund of Funds, a private sector-led initiative that aims to mobilize $75 million in local and international funding to support small and medium-sized enterprises (SMEs) and advance the United Nations’ Sustainable Development Goals (SDGs). Also, the fund, which will invest locally and

ALX Launches WomXn and Tech Program to Train 50k South African Female Software Engineers

ALX Launches WomXn and Tech Program to Train 50k South African Female Software Engineers

The first-ever all-female software engineering cohort of 50 000 women in South Africa has been announced by tech training provider ALX in honor of International Women’s Day, which is observed on March 8. The cohort is a component of ALX’s “WomXn and Tech” project, which was motivated by

A Potential $13B Blackouts Loss in South Africa and How Tech May Solve it

A Potential $13B Blackouts Loss in South Africa and How Tech May Solve it

The South African central bank estimated that $51 million is lost every day due to load shedding. With the country responsible for 12% of economic activity on the continent and accounting for 30% of electricity demand in Africa, which produces 229 gigawatt hours of power annually, it is really a

UPYO, NFT marketplace, signs partnership with Saudi e-learning platform Classera to offer technological solutions

UPYO, NFT marketplace, signs partnership with Saudi e-learning platform Classera to offer technological solutions

Arabian’s largest NFT marketplace, UPYO has entered into a new partnership with e-learning platform Classera to support smart education. The aim of the partnership is to provide more technological solutions for Classera in terms of education through blockchain technology, adopted by UPYO. This deal will enable Classera to benefit

International Women's Day 2023: Speaking to the Gender Imbalance in the African Tech Startup Ecosystem

African Women Tech Founders

International Women's Day 2023: Speaking to the Gender Imbalance in the African Tech Startup Ecosystem

The United Nations designates March 8 as International Women’s Day to recognize and celebrate women’s social, economic, cultural, and political contributions to the world’s development. This year’s International Women’s Day theme is “DigitALL: Innovation and technology for Gender Equality,” which emphasizes the role of innovative

Southern Women Digitizing Africa

Southern Women Digitizing Africa

More positive movements geared toward tech and startup acceleration are being led by women. These effective organizations show that women are capable of handling problems affecting their nations’ economic development. Thus, the gender gap must be closed, and all traces of gender inequality must be eliminated from society. For women