Cathedis, a Moroccan delivery, and e-logistics startup has received its second funding worth $735K in a pre-series A round. The new financing was jointly raised from AKWA Group’s Venture Capital, Afrimobility and CDG Invest who provided 5 million and 2.5 million Moroccan Dirhams (MDH) respectively, making a total

Venture capital (VC) plays an important role in the success of startups in Africa. VC investments provide entrepreneurs with the capital they need to launch their businesses, purchase equipment, hire staff, and develop their products the investment of these organizations also provides entrepreneurs with access to a network of experienced

There have been opinions that South Africa does mergers and acquisitions better than any other African country. Disrupt Africa’s 2022 South Africa Startup Ecosystem Report noted that South Africa’s startup ecosystem leads the way in exit mergers and acquisitions (M&As). 2022 began with Volaris Group’s

Bitcoin exchange, Binance has announced that it is partnering with Women in Tech to provide Web3 vocational training for 2800 women in rural regions in South Africa and Brazil through its charitable arm, Binance Charity, in order to foster future entrepreneurship and job development. According to daily trade volumes, Binance,

An Israeli AI mobility startup, Autobrains, has made an important development in its executive position as it appoints business development expert, Hilla Tavor, as its Chief Business Officer (CBO). Autobrains specializes in developing AI technology and self-learning tools for autonomous driving. The AI startup has a wide range of investors

Obviously, the layoff season is still upon us. Between late 2022 and the 3rd week in January 2023, a significant amount of tech employees have lost their jobs, as startups either shut down or cut down on staff. Just in the 1st month of 2023, about 122 startups have laid

Airtel Zambia has announced the national rollout of 138 new 4G sites to increase network accessibility amid growing competition among service providers in Zambia’s mobile communications market. Manu Sood, the managing director of Airtel Zambia, claimed that the company has set up more than 1,600 4G sites throughout

In a move that solidifies its position as the premier publisher of mobile games in Africa, Carry1st announced today that it has raised $27 million in a funding round led by BITKRAFT Ventures, with participation from Andreessen Horowitz (a16z), TTV Capital, Alumni Ventures, Lateral Capital, Kepple Ventures, and Konvoy. The

Owing to the impressive performance of African Startups in 2021, which continued into Q1 2022, where over $1 billion was raised, experts such as the African Private Equity and Venture Capital Association (AVCA), were optimistic about Africa’s chances of eclipsing the $4.5 billion raised in 2021 to a

In recent years, digital Africa has seen recognizable development in various sectors. From launching amazing innovations, and raising tremendous amounts of funding, to expanding within and outside the continent, digital innovations that keep spectators in awe have sprung from Africa, and Agritech is not excluded. For Africa, the introduction of

Super Apps in Africa Some years ago, Africa bemoaned the neglect its app development market received. That is not the case today as the continent’s app developers are looking towards creating more than just apps. Kenya’s top telecom provider, Safaricom, introduced the M-Pesa super app in 2021. Vodacom,

Driven by mass poverty orchestrated by unemployment and embolden by the limitless opportunities provided by the internet, African youths have since tapped into the creator economy, a sector believed to be worth over $100 billion with over 300 million creators globally, according to an independently written report by Richard Florida,

Insider, the global media and technology startup based in UAE, has acquired MindBehind, a leading artificial intelligence (AI) platform. The acquisition will add to Insider’s suite of products and services and will allow the company to expand its reach in the AI space. MindBehind is a platform that uses

It is evident that the attributes of vision, mission, and goals are not limited to people alone but also to nations. The United Arab Emirates, Dubai, has made sure the world knows that it has a set mission when it comes to technology, one of which is being a national

Exit is still a very rare occurrence among African startups, as the ecosystem maintains a record low year after year. An exit strategy, according to Investopedia, is a contingency plan implemented by an investor, trader, venture capitalist, or business owner to liquidate a position in a financial asset or dispose

According to the World Bank report, over 85 million Nigerians lack access to grid electricity, representing about 43% percent of the country’s over 200 million population. Economically speaking that is a significant constraint for citizens and businesses, resulting in annual economic losses estimated at $26.2 billion which is

Romanian Petcare platform operating in South Africa, Digitail, has concluded an $11 million (R186 million) Series A funding round as it plans to plans to scale its operations. The round was led by Atomico, with participation from previous investors, byFounders, Gradient, and Partech, according to the start-up. According to Digitail,

With funding from Calvin Ayre, founder of prominent bitcoin venture capital firm Ayre Ventures, Centbee, a South African platform for digital currency transfers on the Bitcoin network BSV, has concluded its pre-series A round at a $1 million valuation. With Africa gaining significant attention as the next crypto frontier over

Shopstar, a South African e-commerce startup, has introduced a live shopping application in Africa. Brands and retailers may sell their goods, engage with viewers, and attract new consumers on the dynamic social commerce network, Flick Live. According to the startup, “Both during and after the pandemic, we have seen eCommerce

One of the recent highlights in the North African ecosystem is InstaDeep’s exit via acquisition. The news broke when the Tunisian AI startup announced that a  German biotech/bio-pharmaceutical company, BioNTech, was in motion for its total acquisition. The deal had already gone through as the company already paid

Without a doubt, Africa has surpassed initial levels of financial inclusion. Fintechs mastered the current narrative and leisure needs of individuals; created monster apps that could meet recurrent financial deliveries; lobbied governments into granting various access to financial services and without even trying, they forced banks into simplifying traditional services.

Bolt, the ride-hailing platform, has entered into a partnership with CredPal, a Nigerian fintech startup, to provide a “ride now and pay later” service to its users, following an impressive performance in the previous year. Credpal’s partnership is a deliberate step toward developing seamless credit financing solutions for Nigerians

Start-ups can boost economic growth by encouraging innovation and a competitive business ecosystem. They can also drive job creation and improve productivity. The project enables entrepreneurs to bring new ideas that can stir innovation and stimulate competition. Namibia had a thriving ecosystem in 2022; buoyed by the landing of the

FRAM AI, an Algerian-based startup has been announced to come in second place (Silver Level) in the notable global competition, Tech4Good by Huawei. The startup reportedly provided innovative solutions to agricultural challenges through the use of Artificial Intelligence. To stand out in the competition, the AI startup presented its project