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Seqoon, Egyptian Prop-Tech Startup, Secures $500K Pre-seed

Seqoon, Egyptian Prop-Tech Startup, Secures $500K Pre-seed

Seqoon, an Egyptian prop-tech startup facilitating estate co-ownership, has raised $500,000 in a pre-seed round through Banque Misr‘s pilot program to expand its team. Seqoon equally announced its launch in El Gouna as its first co-ownership destination. Several notable angel investors also participated in the round. The Banque

KarmSolar, Egypt’s Clean Energy Tech Startup, Receives $2.4M to Scale up its Operation

KarmSolar, Egypt’s Clean Energy Tech Startup, Receives $2.4M to Scale up its Operation

KarmSolar, Egyptian-based clean energy, and multi-utility tech startup has announced receiving $2.4 million in funding from Qatar National Bank ALAHLI (QNB ALAHLI) for the first financed solar Power Purchase Agreement (PPA) battery storage system in Egypt, with advisory led by Ezdaher Financial Advisory, an Egypt-based debt advisory firm. The

Peach Payments Partners Stitch to Offer EFT Payments to South African Retailers

Peach Payments Partners Stitch to Offer EFT Payments to South African Retailers

Online retailers in South Africa can now accept safe, affordable fast Electronic Fund Transfer (EFT) payments thanks to a partnership between South African digital payments gateway Peach Payments and API Fintech Stitch. All Peach Payments merchants can use the payment option, known as “Instant EFT by Peach Payments,” on any

DRS Rebrands as CYBER1 Solutions South Africa

DRS Rebrands as CYBER1 Solutions South Africa

Dynamic Recovery Services (DRS), a local provider of security solutions, is pleased to announce that company has changed its name to CYBER1 Solutions South Africa. The action is a part of Cyber1 Group’s, a worldwide holding company with headquarters in Stockholm, goal to increase its presence and unify its

Wits University Receives $3 Million to Power Up South Africa's Quantum Technologies Initiative

Wits University Receives $3 Million to Power Up South Africa's Quantum Technologies Initiative

The Department of Science and Innovation (DSI) has awarded Wits University $3 million (R54 million) to launch the South African Quantum Technologies Initiative (SA QuTI). A written proposal by a national consortium headed by Wits professor Andrew Forbes was accepted by the DSI last year, and as a result, the

Growing Green Energy Adoption is Placing Gas and Petroleum on Borrowed Time

Growing Green Energy Adoption is Placing Gas and Petroleum on Borrowed Time

Africa’s renewable energy mix has shifted away from conventional hydropower and thermal facilities to renewable alternatives in an effort to hasten energy supply and promote sustainable economic growth. Strong growth, low emissions, and environmentally friendly development might all be supported by integrating and developing an energy mix that relies

NITDA Partners with Edtech Platform, Coursera, Enables Digital Skill Acquisition for Nigerians

NITDA Partners with Edtech Platform, Coursera, Enables Digital Skill Acquisition for Nigerians

In a press statement, Minister of Communications and Digital Economy, Isa Ali Pantami has launched a digital skill acquisition programme in partnership with the edtech platform, Coursera. This announcement comes immediately after the inception of Nigeria’s Startup Bill, catalyzing the tech ecosystem. The programme under the auspices of the

Nigerian Vehicle Financing Company, Moove Raises £15 Million, Aims at Reducing Carbon Emissions in the UK

Electric Vehicle

Nigerian Vehicle Financing Company, Moove Raises £15 Million, Aims at Reducing Carbon Emissions in the UK

Nigerian-owned world’s first mobility fintech company, Moove, with operations in Nigeria (Lagos and Ibadan) and eight other markets across different African countries as well as in India and the UK — has raised £15 million ($16 million) from Esmo Asset Management to scale operations after its August launch in the

Primedia Purchases Virtual Land in Ubuntuland Metaverse as it Targets to Become the Sales House for The African Metaverse

Africarare metaverse Ubuntuland

Primedia Purchases Virtual Land in Ubuntuland Metaverse as it Targets to Become the Sales House for The African Metaverse

The South African media giant, Primedia, announced that it had purchased virtual land in the African Metaverse’s Ubuntuland from Africarare. Among the well-known brands owned by the corporation are Primedia Outdoor (billboards), Primedia Broadcasting, and the well-liked, award-winning news organization Eyewitness news. The news was announced during the inaugural

Spatialedge Acquires Cape AI to Boost AI Solutions across Africa

Spatialedge Acquires Cape AI to Boost AI Solutions across Africa

Cape AI has been acquired by Spatialedge, an AI solutions provider with its global headquarters in Stellenbosch, South Africa. With a focus on helping businesses quickly develop and operationalize reliable machine learning solutions, Spatialedge is a provider of big data and applied machine learning solutions. By giving them access to

ICT Ministry Rwanda, CcHub Partner To Select 6 Startups for Fintech Incubation Programme

ICT Ministry Rwanda, CcHub Partner To Select 6 Startups for Fintech Incubation Programme

Co-Creation Hub (CcHub) in collaboration with The Ministry of ICT and Innovation in Rwanda, Google, and Mojaloop Foundation has revealed that six startups have been selected for the Fintech Incubation Programme second cohort. The Fintech Incubation Programme is a three months long programme, designed to assist early-stage tech-enabled startups in

Albie’s Wireless Partners with Fixed Mobile Telecoms to Deliver Reliable Rural Broadband

Albie’s Wireless Partners with Fixed Mobile Telecoms to Deliver Reliable Rural Broadband

With the help of Fixed Mobile Telecoms (FMT), Albie’s Wireless, a De Aar-based wireless internet service provider (WISP), will be able to offer 3 500 customers dependable rural broadband services. Albie’s Wireless can provide a highly available service to its customers, the majority of whom live in areas

South Africa Declares Crypto Financial Product, Subject to Financial Services Law

Crypto Regulations

South Africa Declares Crypto Financial Product, Subject to Financial Services Law

Cryptocurrency companies in South Africa will need to apply for a licence between 1 June and 20 November 2023 in order to operate legally, the country’s financial conduct regulator said on Thursday. Recall that deputy governor Kuben Naidoo, had in July this year stated that the South African Reserve

Zimbabwe to Receive Fibre Optics and Renewable Energy Funding from Africa50

Zimbabwe to Receive Fibre Optics and Renewable Energy Funding from Africa50

The infrastructure investment entity set up by African governments, Africa50, is moving into Zimbabwe to back fibre optics, new power generation, renewable energy and transport. Africa50 works to complete projects within 18 months, rather than talk about funding forever, and works with those shareholding governments that have capacity to specify

Uhuru Fintech Receives RBZ Approval to Start Testing

Uhuru Fintech Receives RBZ Approval to Start Testing

The fintech regulatory sandbox, according to the RBZ, is designed for entrepreneurs in the financial services industry who have already created their service, product, or business model and are prepared to conduct a proof of concept through closely watched market testing. Trust Jakarasi, the founder and CEO of Uhuru, stated

Jumia Egypt Signs Lease Agreement with Hassan Allam for Space in East Cairo Logistics Complex

Jumia Egypt Signs Lease Agreement with Hassan Allam for Space in East Cairo Logistics Complex

Jumia Egypt, a leading e-commerce platform, has signed an agreement with Hassan Allam Utilities, an investment and development arm of Hassan Allam Holding that operates across four key verticals focused on sustainable infrastructure to address service and availability gaps in water, energy, social infrastructure, transport and logistics in Egypt and

Glovo Opens Third Micro Fulfillment Center In Kenya

Glovo Opens Third Micro Fulfillment Center In Kenya

Spanish quick e-commerce platform, Glovo, has revealed that it has opened its third micro fulfilment centre in Kenya, in other to meet up with consumer demands. This centre, being its third, Glovo opened its first micro-fufilment centre in June 2021, the second one was opened recently in June 2o22 and

Liquid Telecom South Sudan Formally Rebrands as Liquid Intelligent Technologies

Cassava Technologies

Liquid Telecom South Sudan Formally Rebrands as Liquid Intelligent Technologies

Liquid Telecom South Sudan, a pan-African technology company and a subsidiary of Cassava Technologies, formally rebranded as Liquid Intelligent Technologies South Sudan on September 19, 2022, to reflect its transformation into a one-stop-shop technology group for local businesses and consumers. The rebrand also represents Liquid’s expansion into several business

Kenyan Startups, Wasoko and Sendy Still in Operation, Dismiss Shut Down Report

Kenyan Startups, Wasoko and Sendy Still in Operation, Dismiss Shut Down Report

Amidst controversies of some Kenyan startups about shutting down operations wholly or partly in a Business Daily report, Wasoko, an e-commerce company has issued a press statement to clarify its position in the market. “We are aware of growing reports which claim that Wasoko, Africa’s largest B2B e-commerce network

Nigeria's President, Muhammadu Buhari Signs Startup Bill To Law

Nigeria's President, Muhammadu Buhari Signs Startup Bill To Law

President Muhammadu Buhari has signed the Startup Bill into law in Nigeria. From henceforth, it will be addressed as the Startup Act 2022. A law that gives Nigerian startups advantages with investment, tighter regulations and tax breaks. The event was revealed by Isa Pantami the nation’s Minister of Communication,

MTN Nigeria Partners with Intelligra to Drive Financial Inclusion in the Country

MTN Nigeria Partners with Intelligra to Drive Financial Inclusion in the Country

South African telecommunications company subsidiary in Nigeria, MTN, has signed a partnership with a smartphone financing company, Intelligra through its device financing program. This occurred at a press conference on October 12 where it announced its collaboration with SLOT, Stanbic, VFD MFB, PT MFB and Credit Direct to enable flexible

Egypt's valU Now Joins EFG Hermes, Others in Acquiring Stake in Social Payment Startup, Kiwe

Egypt's valU Now Joins EFG Hermes, Others in Acquiring Stake in Social Payment Startup, Kiwe

Egypt’s valU, a leading Buy-Now, Pay-Later (BNPL) lifestyle-enabling fintech platform in the MENA region, has today announced acquiring a minority stake in Egypt’s fintech startup, Kiwe, a foremost youth social payment app that facilitates onboarding the unbanked youth segment in Egypt. valU has now joined EFG Hermes Finance,

MaxAB, Egypt’s Food and Grocery B2B E-Commerce Startup, Raises $40M Pre-Series B Round

MaxAB, Egypt’s Food and Grocery B2B E-Commerce Startup, Raises $40M Pre-Series B Round

MaxAB, an Egyptian-based food, and grocery B2B e-commerce and distribution platform that connects suppliers with underserved traditional retailers and provides a variety of finance solutions across Egypt and Morocco, announced today that it has secured a $40 million pre-series B equity round to boost its growth across the MENAP region.

Telecel Zimbabwe Set for Corporate Rescue as it Faces Insolvency

Telecel Zimbabwe Set for Corporate Rescue as it Faces Insolvency

Due to severe financial hardship, Telecel Zimbabwe, one of the nation’s three smallest mobile phone companies, is about to be placed under corporate rescue, a type of bankruptcy protection. The secretary general of the Communication and Allied Services Workers Union of Zimbabwe claims that Telecel Zimbabwe is insolvent and

Highlighting what the Continuous Fall in Global Smartphone Demand Spells for Africa

Highlighting what the Continuous Fall in Global Smartphone Demand Spells for Africa

Consumers worldwide have been affected by the current global inflation. The slump in global PC and smartphone demand in the last few quarters reflects this. Most recently, data by global research firm Canalys shows that the global smartphone market has just recorded the worst Q3 since 2014. According to the