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?

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 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

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.

Jumiapay Joins Forces With Contact Creditech To Expand Financial Offerings In Egypt

Jumia’s digital payments platform JumiaPay and Contact Creditech, the consumer financing arm of Contact Financial Holding have entered a new partnership to launch a new group of financial services for its consumers in Egypt. This partnership will allow Jumia to provide different payment methods to simplify the buying process

Moroccan e-logistics startup,  Cathedis receives $735K in pre- series A round

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

Quick Dive Into VC Activities in Saudi Arabia

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

US Firm, Noodle, Acquires South African Edtech, Hubble Studios

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

Binance is Bringing Web3 to Over 2000 South African Women

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,

Isreali AI Startup, Autobrains, Hilla Tavor Announces As CBO

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

Pagaya Layoff 20% Staff To Save Annual $30M

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

Zambian Business Look to Better Internet Coverage as Airtel Zambia Rolls Out 138 4G Sites

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

Carry1st to Establish its African Presence after Fresh Funding

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

TheOuut's Review of the African Tech Startup Ecosystem in 2022

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

The Developing Trends Of The Moroccan Agritech Ecosystem

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

What Happens When Fintech Apps become super?

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,

Creator Economy: TikTok Honours Top Creators in 2022 in Sub-Saharan Africa

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 Acquires MindBehind To Provide Intelligent Customer Experience

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

The Dubai Digital Asset Law, A Step Towards Achieving The UAE Dream

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

Kenyan-Based Kwara Acquires IRNET Coop as Part of its Partnership with KUSCCO

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

The Nigerian CleanTech Industry. Prospects and Opportunities

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

Petcare Platform, Digitail, Secures $11M Funding for Service Expansion

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,

South African Blockchain Payment Aggregator, Centbee in Fresh Funding

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

E-commerce Platform Shopstar, Launches Live Shopping App, Flick Live

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

Crypto

Crypto Outlook in West Africa in '22. Driving More Adoption and Increasing Investors' Confidence in 2023

Globally, 2022 was a terrible year for the digital asset and cryptocurrency markets. After reaching all-time highs in November 2021, the value of most of the major cryptocurrencies has plummeted dramatically. Bitcoin is down about 60%, while Ethereum is down more than 65%. For many investors and crypto enthusiasts, the