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Nigerian construction procurement startup, Cutstruct, raises $600k in pre-seed funding

Nigerian construction procurement startup, Cutstruct, raises $600k in pre-seed funding

Solving hassles arising from nontransparent prices and supply bureaucracy among others in the construction industry, CutStruct Technology was founded in 2019 by John Oamen and Tayo Odunsi to solve these problems by providing an all-in-one service platform as well as its flagship product, LiveVend. This problem is prevalent everywhere in

Familiy Corp X Softec to Lauch AI Transportation 'Move'

Familiy Corp X Softec to Lauch AI Transportation 'Move'

Leading Egyptian mobility and logistics firm, Family Corp, has partnered with an award-winning AI technology company, Softec, to launch an AI-enabled transportation series, Move, to improve transportation safety and provide tracking services for parents within Egypt. This partnership will introduce a fully futuristic technology-supported transportation. In long term, this is

Stllr Network X Monsha'at To launch First Egyptian-Saudi Content Creation Program

Stllr Network X Monsha'at To launch First Egyptian-Saudi Content Creation Program

An Egyptian digital marketing startup, Stllr Network, has partnered with Monsha’at a Saudi Arabia entrepreneurship development and funding centre, and Falak Investment Hub, to develop the first Egyptian Saudi content creation platform across the MENA region. The purpose of the program is to maximize various digital solutions and mediums

AFEX Commodities Exchange and NG Clearing Sign a Partnership on Commodity Derivatives in Nigeria

AFEX Commodities Exchange

AFEX Commodities Exchange and NG Clearing Sign a Partnership on Commodity Derivatives in Nigeria

AFEX Commodities Exchange Limited, Nigeria’s first licensed private commodities exchange, and NG Clearing Limited, West Africa’s Premier Central Counterparty (CCP), a Financial market Infrastructure (FMI) driving the Clearing and Settlement of Exchange Traded Derivatives instruments in the Nigerian Capital Market have announced signing a partnership agreement to develop

Startup Wise Guys Selects 9 African B2B SaaS Startups for its 2nd Batch of Investment

B2B SaaS Startups

Startup Wise Guys Selects 9 African B2B SaaS Startups for its 2nd Batch of Investment

Startup Wise Guys (SWG), Europe’s most seasoned startup accelerator and one of the continent’s most active investment funds, has selected the second batch of 9 African B2B SaaS startups to participate in its $7.5 million African startup investment fund. The program, Africa’s first B2B SaaS accelerator,

X-ERA Acquired Egyptian B2B Platform, SPEED

X-ERA Acquired Egyptian B2B Platform, SPEED

X-ERA, a logistics service provider based in the UAE has recently acquired SPEED, an Egyptian B2B marketplace. This acquisition is seen as part of X-ERA’s international expansion plan. The acquisition value has remained undisclosed. This acquisition deal was disclosed via a press release. As a subsidiary of SPEED International

ZB Financial Holdings Expands to Botswana

ZB Financial Holdings Expands to Botswana

The expansion of operations to Botswana has been announced by ZB Financial Holdings (ZBFH). According to Group CEO Shepherd Fungura, the decision was made because the organization needed to diversify its sources of income. Strategically, ZBFH was driven to establish in Botswana by the necessity to expand in the area

Snapplify, Africa’s Leading Edtech Startup Expands into the West African Market

Snapplify, Africa’s Leading Edtech Startup Expands into the West African Market

Snapplify, a leading African edtech startup, has expanded into the West African market as part of its efforts to increase access to digital education across the continent. With the recent hiring of Doyin Shonubi as Sales Manager, the digital education platform is expanding its local team in the West African

Word Is Bond Partners Newly Launched German Firm, ELO, for Digital Acceleration

Word Is Bond Partners Newly Launched German Firm, ELO, for Digital Acceleration

To advance its public sector digitalization project in Southern Africa, Johannesburg-based technology company Word Is Bond (WIB) has teamed with enterprise content management company ELO, which has its headquarters in Stuttgart. In its quest to develop solutions to help address enduring difficulties in the healthcare, public transportation, and security sectors,

Kenyan logistics startup, Sendy raises funding from MOL PLUS, aims at improving fulfilment services across Africa

Kenyan logistics startup, Sendy raises funding from MOL PLUS, aims at improving fulfilment services across Africa

Kenyan logistics startup, Sendy has announced it has raised undisclosed funding from Japanese VC, MOL PLUS and other existing investors to enable increased adoption of its Fulfillment product across Kenya, Uganda, Nigeria and Cote d’Ivoire. Lately, the startup has been in the news due to the intermittent layoff of

MaxIQ Space partners Intelsat for Third Cohort of the Space STEM Program

MaxIQ Space partners Intelsat for Third Cohort of the Space STEM Program

Applications for the Space STEM program are now being accepted from teenagers all around the African continent, according to satellite communications provider Intelsat. This was revealed during the 25th Africa Tech Festival 2022, which is presently going on in Cape Town. The Space STEM program, a partnership between Intelsat and

Noon Partners With Family Corp To Meet Delivery Demand Across Egypt

Noon Partners With Family Corp To Meet Delivery Demand Across Egypt

An Egyptian e-commerce platform, Noon, has partnered with one of the leading transportation and logistics firms in the nation, Family Corp, for access to about 6o trucks in other to meet its delivery demands and attain customer fulfilment. The partnership was disclosed across Family Corp’s social media pages, revealing

Liquid Networks Partner Nokia for Global Partner Programme

Liquid Networks Partner Nokia for Global Partner Programme

Nokia and Liquid Networks have announced an agreement to become channel partners. As a result of this alliance, Liquid Networks and Nokia will collaborate on exclusive 4G and 5G opportunities for certain industry verticals. The Nokia NDAC (Nokia Digital Automation Cloud) solution portfolio, which consists of Nokia 4G and 5G

Kuda Bank Launches Remittance Services in the UK

Kuda Bank Launches Remittance Services in the UK

Kuda Bank, Nigeria’s foremost mobile-only licensed neobank, is expanding to the United Kingdom to provide remittance services to Nigerians living abroad. Babs Ogundeyi and Musty Mustapha founded the London-based startup in 2019. It provides financial services to Africans (beginning with Nigerians) both within and outside of Africa. As a

ATC Africa Partners PowerX to Drive Sustainability in Africa’s Telecoms Industry

ATC Africa Partners PowerX to Drive Sustainability in Africa’s Telecoms Industry

By improving energy use at tower sites, PowerX and American Tower Corporation’s African affiliate (ATC Africa) will offer the enormous efficiency and environmental benefits of PowerX’s artificial intelligence (AI) solutions to Africa’s telecommunications industry. ATC Africa used PowerX’s AI analytics across a small number of locations

Little Logistics Announces Multiple Partnerships

Little Logistics Announces Multiple Partnerships

Little, Kenya’s tech startup that operates Little Cabs, logistics, and even e-bikes, has announced a partnership with Foodplus, Carrefour, Naivas, BeyondDeals, and Bulkbox on its logistics vertical to aid their deliveries. The partnership is especially timely given the abundance of Black Friday deals. Customers who shop with the aforementioned

First Circle Capital Invests $120,000 In Morocco's WafR

First Circle Capital Invests $120,000 In Morocco's WafR

A retail-tech startup in Morroco, WafR, has received US $120,000 as investment from venture capital firm, First Circle Capital. This investment has raised WafR’s post-funding valuation to more than US $10 million. WafR was co-founded by Reda Sallak and Ismail Bargach in 2018. Since its inception, the business

Zoom Video Communications is Expanding Beyond Video With Email, Calendar Tools

Zoom Video Communications is Expanding Beyond Video With Email, Calendar Tools

Zoom Video Communications Inc. is expanding beyond its video function as it plans to roll out email and calendar features to its suite of tools as part of its latest round of business features announced at its annual Zoomtopia event, to reverse a post-pandemic slowdown. The Outlook-like Mail and Calendar,

Egypt's Paymob Begins UAE Expansion To Serve SMEs

Egypt's Paymob Begins UAE Expansion To Serve SMEs

One of the leading payment platforms across the MENA region, Paymob, has begun its next expansion phase in the region. The platform will be launching its services in the United Arab Emirates (UAE). The UAE has become a hotspot for startups across the region. this can be due to its

Africa Investment Forum Draws $31B Investor Interest

Africa Investment Forum Draws $31B Investor Interest

African and international investors have expressed interest in investing $31 billion at Africa’s top investment venue, the Africa Investment Forum Market Days. The forum has attracted a total of $63.8 billion in investment interest this year, including $32.8 billion from the postponed 2021 market days that were

Talk360 to Launch Africa-wide Payment Platform

Talk360 to Launch Africa-wide Payment Platform

Talk360 has announced it will debut its own payment platform next year. The platform will be the world’s first single checkout integrating all local currencies and payment methods across the African continent. Additionally, it’s not just limited to Talk360; it will make it simple for businesses to connect

Black Girls in Tech Partners Cisco to Launch Cyber Academy

Black Girls in Tech Partners Cisco to Launch Cyber Academy

In collaboration with Cisco, UK-based organization Black Girls in Tech has unveiled its brand-new cyber academy with the goal of increasing the participation of women in the technology sector. Following the second Lagos conference, Tap into Tech, which featured high-level discussions on cybersecurity, product, engineering, research, and design, the cyber

Crypto Exchanger, Binance Now Allows Users to Deposit and Withdraw in Naira

Crypto Exchanger, Binance Now Allows Users to Deposit and Withdraw in Naira

Binance, the world’s largest crypto exchanger, announced on Monday, November 7, 2022, in a rather surprising move, that Nigerians can now deposit and withdraw Naira to and from their wallets. According to a statement from the crypto exchanger, the decision to add a fiat gateway for the naira is