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South African e-ride Platform, inDriver Introduces Zero Rate Strategy

South African e-ride Platform, inDriver Introduces Zero Rate Strategy

E-taxi service platform, inDriver, has adopted a new service strategy for users. According to the platform, the use of mobile data is now free for all users of inDriver, becoming the first ride-sharing software in South Africa to adopt the strategy. The California headquartered startup claims it would pay for

Financial Inclusion: The Nigerian Payment Industry in '22. What to Expect in 2023

Financial Inclusion: The Nigerian Payment Industry in '22. What to Expect in 2023

Despite significant progress in financial inclusion in Sub-Saharan Africa over the last decade, according to BPC’s Digital Banking in Africa report released on March 17, 2022, over 57 percent of its more than 1.1 billion population, which is also the world’s youngest overall population, with a median

Bio Meets AI As BioNTech Set To Acquire Tunisia's InstaDeep Completely

artificial Intelligence

Bio Meets AI As BioNTech Set To Acquire Tunisia's InstaDeep Completely

Artificial Intelligence is not becoming just a trend but also a norm. From learning assistance, work assistance, health crisis detection, and now to pharmaceutical development, AI is claiming its space in every sector. It is in this light that BioNTech is set to acquire Tunisian AI startup, InstaDesp.The Biopharmaceutical

How Egyptian Startups Are Leveraging Technology in the Ad-tech Space

How Egyptian Startups Are Leveraging Technology in the Ad-tech Space

Trad-Ad To Ad-Tech An interesting part of evolution is adoption. Usually, humans will adopt traits, actions, and services that make their lives or day-to-day activities easier, and most of the time, technology provides ease in every sector it is being integrated into, in this case, Advertising. Advertising, the act of

Catalyst Fund Africa Invest $2M in CimateTech Startups.

Catalyst Fund Africa Invest $2M in CimateTech Startups.

In a bid to combat climate change, many organizations have been established, while some formally in existence, have initiated activities to help “save the planet.” In the tech space, many startups, companies, and VCs have set up certain solutions to help the climate situation. Following the same trend, The Catalyst

MENA's $1billon funded E-commerce,Noon VS it's Untold Losses

MENA's $1billon funded E-commerce,Noon VS it's Untold Losses

With vast access to the internet, the Middle East and North Africa (MENA) region has been a considerable partaker and beneficiary of the e-commerce boom. This is a system that allows users to purchase goods on various online platforms either in bulk or in retail bits. Such avenues have been

Flutterwave: How Much Value Since Becoming the Most Valuable Startup in Africa Since Q1 '22?

Flutterwave: How Much Value Since Becoming the Most Valuable Startup in Africa Since Q1 '22?

The Pan-African fintech giant Flutterwave had a mixed year in 2022, beginning with an enthusiastic announcement of $250 million in series D fundraising in early February 2022. In a Tweet, the firm stated, “We’re entering 2022 with some bold objectives, and we’re doing all we can to make

A Call for More Investments as Africa Remains Least Innovative Despite a Thriving Tech Ecosystem

A Call for More Investments as Africa Remains Least Innovative Despite a Thriving Tech Ecosystem

It’s not yet Uhuru for Africa, as the continent has historically lagged behind other regions in terms of innovation. Africa has been consistently ranked as the least innovative continent by the World Intellectual Property Organization in the last 13 years in terms of technological development, and economic growth, despite

How Kenyan Tech Startup Ecosystem Consolidated its Place among the African Big 4 in 2022

Electric Vehicles

How Kenyan Tech Startup Ecosystem Consolidated its Place among the African Big 4 in 2022

Kenya has a flourishing tech startup ecosystem, with a plethora of successful startups that have received substantial funding and grown significantly. M-Pesa, a mobile payments startup that has revolutionized financial services in the country; BRCK, a hardware, and software firm that delivers internet connectivity and other technological solutions in areas

Broadband Cost Reduction. The Zim Strategy

Broadband Cost Reduction. The Zim Strategy

Internet services in Africa has always been limited. It is limited in availability and in affordability. While we think of the cost fixing the limitations placed on internet services as a result of non-availability in rural areas of Africa, the government and broadband providers can handle the internet restraints arising

Some Defining Moments in Nigerian Tech Startup Ecosystem in '22 that will Shape '23

Some Defining Moments in Nigerian Tech Startup Ecosystem in '22 that will Shape '23

Given the worldwide tech funding crunch caused by the economic meltdown, which resulted in mass layoffs, downsizing, and outright shutdown in the global tech industry, the Nigerian tech startup ecosystem performed exceptionally well in 2022. According to various figures released by individual companies, funding for the year dropped from $1.

Looking Set for 2023 with The Ouut

Looking Set for 2023 with The Ouut

It is difficult to tell what happens in Africa’s startup funding space in 2023, here at the Ouut we are anticipating a bumper year. While founders and innovators remain hopeful for venture funding this year, last year’s chaotic end will keep everyone (investors and founders) cautious about startup

Africa’s Biggest Mega Rounds in 2022

Africa’s Biggest Mega Rounds in 2022

There was a time when mega rounds were confined to the West. That is no longer the case now. Macroeconomic conditions are now favoring Africa well enough to attract such levels of funding (deals valued at $100 Million & above). African late-stage startups that have reached a certain degree of

Top 4 Tech Stories from Southern Africa in 2022

Top 4 Tech Stories from Southern Africa in 2022

The effect of technological innovation on economic growth has received significant attention in Southern Africa. Due to its speedy development and potential impacts, innovation and digital processes have become a norm in most South African countries. According to McKinsey, tech has the potential to unlock greater productivity across sectors; improving

Cryptocurrency In Morocco; If You Can't Ban Them, You Join Them

Cryptocurrency In Morocco; If You Can't Ban Them, You Join Them

Over many publications, it is evident that the government is intertwined with tech activities within a given society. Nothing has the ability to scale without the approval, development and openness of a government. There have been various instances where the rules and regulations of a given nation propelled the scalability

Strengthening Financial Inclusion in the Rest of Southern Africa

Strengthening Financial Inclusion in the Rest of Southern Africa

Broadening financial services seemed like a herculean task for banks until the spread of Fintechs began in Africa. Fintechs have created the needed motivation for banks to expand and simplify service delivery, strengthening the degree of financial inclusion in Africa. Greater access to formal financial services for people in emerging

Why EDFI ElectriFI Splashes $7.5M on Solar Electrification in Nigeria and Kenya

Why EDFI ElectriFI Splashes $7.5M on Solar Electrification in Nigeria and Kenya

Access to electricity remains a major challenge for Sub-Saharan Africa, even as the rest of the world has shifted its focus to safe and clean energy sources. According to the custodian agencies of Sustainable Development Goal (SDG) 7 report, “Tracking SDG 7: The Energy Progress Report,” – which examines the progress

Kenyan Tech Startups Raise Record Funding in 2022

Kenyan Tech Startups Raise Record Funding in 2022

Kenya is the continent’s second most popular investment destination, trailing only Nigeria. As of November 2022, the ecosystem funding stood at $506,686,000 spread across 63 transactions. This represents a significant increase and nearly doubles the $291, 983,000 raised in the Kenyan Startups in 2021, as well

Nigerian Prop-Tech Industry in 2022

Nigerian prop-tech

Nigerian Prop-Tech Industry in 2022

The Nigerian prop-tech industry is currently valued at $2 billion and is expected to grow to $5 billion by 2025 with several tech startups driving its growth, innovation, and development. While the global Prop-tech market is expected to be worth $11.7 billion in 2022, it is expected to grow

Tech Receptiveness among Southern Africa Countries in 2022

Tech Receptiveness among Southern Africa Countries in 2022

According to the IMF, for Africa to grow and develop sustainably, the continent must shift its focus to retaining and creating wealth, better managing its resources, fostering inclusiveness, moving up on global value chains, diversifying its economies, optimizing the energy mix, and placing human capital at the center of policymaking.

Falak, EBRD Trains Over 50 VC Participants in 2 days Masterclass

Falak, EBRD Trains Over 50 VC Participants in 2 days Masterclass

There are various reasons for joining an association or group. Naturally, people join associations for their own benefit, for example, to come to their aid or to help their development in the long run. This could be one of the reasons Egypt joined the European Bank for Reconstruction and Development

Why Mozambique’s e-Visa Implementation is a Step in the Right Direction

Why Mozambique’s e-Visa Implementation is a Step in the Right Direction

The tourism sector is becoming more and more significant to the world economy. The expected level of consumer spending on tourism, hospitality, and leisure in Africa by 2030 is $261.77 billion. In light of these developments, Africa’s travel and tourism sector has a lot of promise, particularly given

Sudan On Recovery Path With Health-tech

Sudan On Recovery Path With Health-tech

One of the most important sectors in any community is the health sector. Why? anyone can be a victim of an unexpected health epidemic or accident. Without a functioning and capable health sector, the threat to the lives of citizens has the tendency to increase. There are several countries in

The Silicon Mountain: Highlighting the Cameroonian Tech Startup Ecosystem

The Silicon Mountain: Highlighting the Cameroonian Tech Startup Ecosystem

Cameroon is a country of about 28.2 million people that is strategically located in Central and West Africa. It has a very youthful population and a 36.5% internet penetration rate, with GDP expected to reach $47.01 billion by the end of 2022, according to Trading Economics global

Online Retail Surge in South Africa in 2022

Online Retail Surge in South Africa in 2022

South Africa has experienced steady growth in its online retail space over the last few years. In 2021, the likes of takealot.com, superbalist.com and woolworths had spearheaded the online retail charge in the country, accounting for 15% of the top 100 online stores’ revenue in South Africa. In