Algeria Reliance On Agritech, Digital, Mechanized

Agric X Tech Humans do not experience challenges in sectors that are not important to them. If a man is not in for the win, he is not bothered. It is with this same energy agriculture is approached. The importance of food cannot be overemphasized or overrated; it is the

Be Mobile Africa Delves into the Crypto Frenzy

Interest in cryptocurrency, a form of digital currency has grown steadily in Africa. Some economists say it is a disruptive innovation that will blossom on the continent. Rightly so, the adoption of the fiat money has deepened into small retail and payment startups to add to the growing list of

4Di Capital Seed Round Means more Startup Funding for South African Startups

The well-deserved applause Africa’s startup funding receives hides a crucial aspect of the ecosystem: the need to frequently look outside of Africa for funding. Foreign VCs describe the excitement in their minds as they are eager to invest in the emerging digital companies that are spread around Nairobi, Lagos,

African tech funding

November Put the Final Zeal to the Ambitious $7B African Tech Startup Funding Mark

As the year comes to a close in the next 26 days, the African tech startup ecosystem is weathering the storm caused by the global economic downturn and inflations, with 25 tech startups across the continent raising a total of $309.87 million in November. This was a significant improvement

Why Africans Must Support Robotics Adoption

Humans have over the years crated robots in images of themselves (they don’t all come looking like humans but they’ve usually shared certain human abilities). Overtime, robots have crafted smart enough and physically capable enough to make their way out of factories and labs, to walk and roll,

Nigerian Startup Act

How the “NSA 2022” can restore Investors’ Confidence as Tech Startups pull out of Nigeria

The much-anticipated Nigerian Startup Act “NSA 2022” a federal piece of legislation introduced in March 2019 by the Nigerian Senate was  finally signed into law by His Excellency, President Muhammadu Buhari, GCFR on October 19, 2022, to support the development of tech startups in Nigeria. The Act identifies the key

500 Global To Open Office and Run Program In Egypt, Partners ITIDA

With 54 countries and a population of 1.216 billion people, Africa is continually getting attention these days. Investors are repeatedly investing in African Startups; multinational companies are opening continental headquarters, while some organizations are initiating accelerator programs for local talents. It seems the word that the continent is still

216 Capital, Tunisia's Superhero VC To The Rescue

Every startup is a business. whether they have a special platform, tool or website where they offer 24/7 services to their users. Even when they provide a special kind of convenience, speed or any other juicy feature they all promise us in the advertisement, the fact remains that they

Global inflation

Just Another Angle to View Africa’s Startup Funding Winter

VC funding was flooding the market and vying for investment opportunities after the pandemic. Today, it’s a different story as companies’ values are declining and there is less competition. The current ‘funding winter’ situation allows smaller VC firms to be more thoughtful with their investments. Now, they’re taking

safeboda

SafeBoda loses about 170 million customers in Nigeria 

Maybe SafeBoda didn’t have a master plan after all as it has halted its operations in Nigeria. The e-hailing startup was originally founded in 2017 when it began operations in Uganda. It would rapidly spread out its wings to Kenya (an East African market with booming tech potential) until

Fiber-Optic Connection in Africa

Access to internet makes it possible to read this. While it is easy for you, it is impossible for half the world’s population; with the majority of this half residing in Africa. Per the IFC, only 22% of Africa’s population is connected to the internet; this makes fiber-optic

Highest Raise In North Africa? What Is Yassir Doing Different?

The Ecosystem In 2020, the Algerian government made a decision to support its startup sector by creating the Ministry of knowledge, economy and start-ups for Algeria. This was done to establish regulations that will encourage startup creation in the state, To provide needed financial support and establish structures that can

Insurance

Backend Stories: Gbenro Dara's Insurtech startup, Octamile, is enabling insurance access to every social class 

The global insurance industry was affected by the COVID-19 pandemic. With nationwide lockdowns and insecurity arising from health and jobs, event cancellation and other risks became the order. Amidst this, insurance companies especially the traditional ones were on the brink of failing and losing revenues. Shocks and more payouts were

Business

Worsening Case of SAPA. Even South African Startups Haven’t Been Spared

“This has been a difficult decision to make considering our passion to serve the Nigerian market,” the company wrote in a statement on its website. While we will no longer be operating in Nigeria, we will continue to keep abreast of activities in the Nigerian market and work towards a

Africa can’t Afford a Declining Fintech Sector

Fintech has proved to be the main driver of investment on the continent. With Africa’s fintech sector still at its early stages, it has transformed the financial market structure, allowing Africans access to a digital lifestyle. Africa’s burgeoning fintech sector has produced wealth, employment, and skills across the

Cryptocurrency

Examining the African Crypto Ecosystem as the Ripple Effects of the FTX Crash Continue to Rage across the Continent

Cryptocurrency adoption in Africa continues to deepen as small retail payments in the region power exceptional crypto adoption and usage, with the region conducting the world’s highest proportion (80%) of crypto retail payments of less than $1,000, according to a recent report by blockchain data firm Chainalysis, Peer-to-peer

Highlighting the Meteoric Growth of Paratus Namibia

When Paratus Namibia committed itself to build Namibia’s first carrier-neutral data center in Windhoek, it was an indication that the company was set out to develop the country’s digital landscape. The launch of the Armada data center in August this year came at a time when cloud services

Crypto Adoption

Cryptocurrency Adoption in Zambia Looks to be on the Rise as VALR Launches

Mature African markets like Nigeria, South Africa, Ghana, and Kenya usually pop-up in cryptocurrency adoption discussions. Receiving high praise, they’ve accounted as the key markets for financial technology on the continent. Zambia’s crypto ecosystem has been transformative, making some strides in regard to cryptocurrency trading and adoption. Last

African tech startups

32 Days to the End of 2022: Can African Tech Startups Attain the $7B Projected Funding Mark in ’22?

The African tech startup ecosystem is witnessing its best year yet, with the first half of 2022 ending at $3.5 billion, a 133% increase from the first half of 2021. According to a report from the African Venture Capital and Private Equity Association (AVCA), a pan-African organization that promotes

venture capital

Why SoftBank Vision Fund Deserve Africa’s Applause

Africa has seen a rise in venture capital investment as well, from $277 million in 2015 to $4.8 billion in 2021. That expansion has been powered by partnerships between international firms (Y Combinator, Tiger Global, SoftBank Vision Fund, Visa) and local investors (TLcom Capital, CRE Ventures, Future Africa, Kepple

Cape Town

Big City Big Dream. Discussing South Africa’s Silicon Valley (Silicon Cape)

A new company is usually more successful if launched in a large and mature ecosystem. Different types of individuals and organizations form a strong startup ecosystem. Silicon Valley in California is a typical example of a strong startup ecosystem. No other area in the world compares in scale and size

Tunisian Startups With 2022 Funding So Far

It’s no news that African tech startups secured the most funding in the year 2022 so far. The continent secured about US $4 billion in the third quarter of 2022, the significant amount is the highest the continent’s ecosystem has secured in the past 3 years. Being home

Drones Activity Over The Pyramid and Beyond

In 2017, the Egyptian government enacted law No 216, prohibiting the manufacturing, importation, trading, possession and most significantly, the use of drones in Egypt. Although the law made exceptions, stating that individuals could only perform any activity with drones if they have legally obtained a permit from the “competent authority”

Lesotho

The Big Four and Incomplete data: Lesotho suffers from paralysis amidst growth in the African tech industry

Data revealing growth in the African tech industry focuses on the ‘big four’ — Nigeria in Western Africa; South Africa in the Southern part of the continent and; Egypt and Kenya in Northern and Eastern Africa respectively. Undoubtedly, tech has witnessed Year-over-Year development, attracting attention from local and foreign investors; however,

Infusing AI Into "The" Egyptian LifeStyle

The only way technology makes an actual difference is if it is infused into individuals’ lifestyles if people can relate to, obtain and use it. Artificial Intelligence (AI) is one of the technological tools that has been integrated into human day-to-day activities over the years. The ability to be modified