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Network International Looks to Invest Over $29M in South Africa’s Startup Ecosystem

Network International Looks to Invest Over $29M in South Africa’s Startup Ecosystem

The MEA-focused digital payments company Network International has confirmed its interest in the South African market with a $29M (R500 million) investment to implement its processing capabilities, following up on its R3.5 billion acquisition of Payfast. The company declared that starting in June 2023, it will host and run

Why We Need More Fintech Solutions in Nigeria

cashless economy

Why We Need More Fintech Solutions in Nigeria

Since tech startups took the center stage in Africa in the last decade, fintech startups have effortlessly exacted their dominance with superior performance year after year. In 2022 for instance, African fintech startups received a whopping $1.6 billion across 240 announced equity fundraises from the total $4.84 billion

LEAP Tech Conference Hunts For 90 Startups To Pitch In $1.5m Prize Pool Competition

LEAP Tech Conference Hunts For 90 Startups To Pitch In $1.5m Prize Pool Competition

LEAP Tech Conference Hunts For 90 Startups To Pitch In $1.5m Prize Pool Competition. …….. One of the biggest tech events, competitions and conferences in the world, LEAP, has scheduled its next edition for one of its major competitions for the 6th -9th of February 2023. This year’s competition

Digital Inclusion: Google Launches First Accelerator for African Women Startup Founders

Digital Inclusion: Google Launches First Accelerator for African Women Startup Founders

Google has taken a crucial step toward empowering African women entrepreneurs through the launch of its first Google for Startups Accelerator: Women Founders Africa Program. The three-month accelerator program is designed to solve the particular problems that African women founders encounter, as well as to give them the resources and

Agritech Activities; Combating Food Insecurity In UAE

Agritech Activities; Combating Food Insecurity In UAE

Agritech Activities; Combating Food Insecurity In UAE Over the years the United Arab Emirates (UAE) as a nation have scaled in a different facet of its community. Its security, infrastructure and technology innovations are one of the best in the world. Yet, it is pulling baby steps in its agricultural

All the Fuss in Convergence Partners’ $296M Raise

All the Fuss in Convergence Partners’ $296M Raise

For the Africa’s vibrant and expanding private firms, private equity has proven effective in bridging the gap between self-financing and traditional capital market activity. Private equity has profited from advances in African investment environments and experienced some remarkable triumphs, garnering recognition as an efficient and cutting-edge vehicle for private-sector

A Closer Look at VCs’ Activities in Ghanaian Tech Startup Space in the Last 5 Years

A Closer Look at VCs’ Activities in Ghanaian Tech Startup Space in the Last 5 Years

Western African tech startups have continued to dominate the African tech startup funding landscape year after year. According to Big Deal data, regional startups raised more than $6 billion of the total funding raised by African tech startups since 2019. This translates to it attracting more investment than the combined

Factors For Ecosystem Growth: An Analysis Of The Oman Ecosystem

Factors For Ecosystem Growth: An Analysis Of The Oman Ecosystem

The MENA region is rich. While the World Bank records the region as one of the richest in oil, gas, and other mineral resources, yet, MENA has made itself relevant in tech. Home to some of the world’s major players in technology, such as Dubai, Egypt, and Israel, it

Tech Layoffs: Even Africa’s Best Economy Is Not Spared. When Do We Return to Equilibrium?

Tech Layoffs: Even Africa’s Best Economy Is Not Spared. When Do We Return to Equilibrium?

Ever done that math where an Error Correction statistic is introduced to determine the speed of convergence of an independent variable? Here’s a quick explanation: Sometimes, socioeconomic variables can derail from their parts after a long run or short run. The Error Correction Model— which is a theoretically-driven approach

Raed Ventures Leads Wafeq Seed Round Raise

Raed Ventures Leads Wafeq Seed Round Raise

UAE’s fintech startup, Wafeq, has raised a seed round of $ 3 million for its expansion project within Saudi Arabia and its launching into the Egyptian market. The round was led by one of Saudi’s leading Venture Capitalists, Raed Ventures, and saw investment participation from Wamda Capital. Raed Ventures

mTek Partners with Kyosk.app and Fin Africa to provide Insurance Covers to Over 100K Small-Scale Vendors

mTek Partners with Kyosk.app and Fin Africa to provide Insurance Covers to Over 100K Small-Scale Vendors

Like most African countries, insurance penetration in Kenya is about 2.23%, compared to a global average of 7%, making Kenya the third lowest insurance penetration rate country in Sub-Saharan Africa, with South Africa leading at 17%, according to data from the Insurance Regulatory Authority, (IRA). Despite the low penetration

Foodics Partners With Kaso To Promote A Digitalize MENA's F&B Industry

Foodics Partners With Kaso To Promote A Digitalize MENA's F&B Industry

One of the leading restaurant management platforms in UAE and MENA at large, Foodics, has gone into partnership with Kaso, a top B2B platform that provides digitalized procurement solution that links restaurants to groceries suppliers across MENA. This strategic partnership was announced via a press release made available by Kaso.

Single Largest Proptech Round. What Does Flow’s $4.5M Round Mean for the Startup and the Sector?

Single Largest Proptech Round. What Does Flow’s $4.5M Round Mean for the Startup and the Sector?

Even though the term “Proptech” dates back to the 1980s, it wasn’t until the early 2000s that the so-called first generation of Proptech companies began operating. After more than 20 years, the commercial real estate industry in South Africa has acquired the necessary digital spark to accelerate the adoption

African Tech Startup Funding: Examining the Steady Growth of Debt Funding in the Last Five Years

African Tech Startup Funding: Examining the Steady Growth of Debt Funding in the Last Five Years

African Tech Startup Funding: Examining the Steady Growth of Debt Funding in the Last Five Years The global tech startup scene in 2022 saw nothing nearing the fundraising euphoria of the previous year, as VC activity dropped by up to 35%. Except for Africa, the reluctance of VCs to sign

South Africa’s AI Industry looks more optimistic

South Africa’s AI Industry looks more optimistic

The concern that Africa’s AI industry was not ready for the 4th industrial revolution is been debunked by the widespread development of AI in Africa. Startups are all bringing the country’s AI industry to global prominence. A lot of resources and money are being invested in AI development

Kuwait Tech Expo Summit Set For Feb 8th-11th 2023

Kuwait Tech Expo Summit Set For Feb 8th-11th 2023

The annual technology development event, The Kuwait Tech Expo and Summit (KTE), is set to hold on the 8th-11th of February 2023. The event will be taking place in the MENA country, Kuwait, with the intention to provide a platform for tech companies and startups to showcase their innovations. The

Wa’ed Ventures Invests $18M In PASQAL's Series B Round

Wa’ed Ventures Invests $18M In PASQAL's Series B Round

One of Suadi Arabia’s most active VCs, Wa’ed Ventures, has made a participatory investment of $18 million into the Series B round of $108 million raised for PASQAL, a French quantum computing startup. Although this is not the VC’s highest investment, this is the VC’s first

Road To Inclusion: How Fintechs In Egypt Are Serving The Unbanked And Underbanked Population

Road To Inclusion: How Fintechs In Egypt Are Serving The Unbanked And Underbanked Population

Although it might seem impossible to people who enjoy the luxury of mobile banking free transactions and many more privileges that come with being banked, There is still a large population of the world who are yet to be banked. The unbanked population refers to individuals who do not have

South Africa Collaborates With the DRC to Advance Tech

South Africa Collaborates With the DRC to Advance Tech

12 days ago, we likened South Africa to the Sirius of the Southern region. The article posited how South Africa could project digital services to the rest of the region through collaborations and expansions. Without a doubt, Africa’s most developed economy is capable of catalyzing development through the Southern

3 Nigerian, 8 Other Startups Selected For the Startupbootcamp AfriTech's Powered ASIP Accelerator in Dakar

3 Nigerian, 8 Other Startups Selected For the Startupbootcamp AfriTech's Powered ASIP Accelerator in Dakar

Startupbootcamp AfriTech and telecommunication company, Telecel Group have announced the selection of 3 Nigeria tech startups and 8 others from 6 other African countries to take part in its third edition of the Africa Startup Initiative Program (ASIP) accelerator in Dakar, Senegal, with a demo day slated for May 25,

Bitcoin on the Rise: Is This Current Rise Enough to Restore Investors' Confidence in Crypto Just Yet?

Bitcoin on the Rise: Is This Current Rise Enough to Restore Investors' Confidence in Crypto Just Yet?

In 2022, cryptocurrency investors experienced a rollercoaster ride, with prices plummeting after reaching all-time highs in late 2021, leading many to lose faith in the digital asset class. The crypto space of late can be described as a shade of everything, from good when Bitcoin, the largest cryptocurrency by market

Western Cape Welcomes the First 2Africa Subsea Cable in Africa

Western Cape Welcomes the First 2Africa Subsea Cable in Africa

Remember how the longest subsea cable in Africa was promised to happen by 2023? That project is already happening and excitingly, it begins in the Eastern Cape of South Africa. Last month, MTN South Africa announced a collaboration between 2Africa Consortium and MTNGlobalConnect. MTN had claimed in a statement that

SpaceX Confirms Starlink is coming to Zimbabwe. How Does the Service Compare to Other Zimbabwean Telcos?

SpaceX Confirms Starlink is coming to Zimbabwe. How Does the Service Compare to Other Zimbabwean Telcos?

At the moment, Zimbabwe seems progressive in the pursuit to provide internet connectivity for businesses and individuals. After launching its first orbiting satellite, ZimSat-1 in November last year, the country’s internet space is looking towards yet another boost as Space X boss, Elon Musk, confirmed that StarLink will be

Saudi Arabian Game Publisher Sandsoft Commits $3.25 M Funding In Game Developer, The Tiny Digital Factory (TDF)

Saudi Arabian Game Publisher Sandsoft Commits $3.25 M Funding In Game Developer, The Tiny Digital Factory (TDF)

Saudi Arabian game maker Sandsoft Games has invested $3.25 million in mobile racing and motorsport game developer, The Tiny Digital Factory (TDF). This backing adds weight to Sandsoft’s portfolio and will facilitate the company’s partnership on player-first mobile experiences in 2023 and beyond. This collaboration will enable

Israel's Playtika Proposes Higher Bid To Acquire Angry Birds Developer, Rovio

Israel's Playtika Proposes Higher Bid To Acquire Angry Birds Developer, Rovio

The Israeli-based mobile gaming company, Playtika has proposed an increased price to acquire Angry Birds developer Rovio. In an announcement, Playtika said it would now purchase the shares for a 55% premium of 9.05 Euros which is an increment of the initial offer of 8.50 Euros per share.