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

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

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

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

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

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

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

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

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.