CSIR Receive $292K for Energy Transition Planning in South Africa

The entire world is moving towards decarbonization, which should lead to net zero climate-altering gas emissions by 2050. It is essential that all businesses and initiatives – both local and international – remain focused on this target in order to channel efforts in the right direction. In Africa, the scenario is complex.

South Africa Can Drive Industry 4.0 Skills through AWS’ Skill Development Center

Skills requirements and skills development are amongst the factors that will significantly shape Africa for the 4IR. The adoption of Industry 4.0 skills has become pertinent to remain competitive in Africa’s burgeoning labour market. Globally, communities have responded to this labour need by creating a tech oriented formal

African startups

Your Startup is more likely to Fail than Succeed: How African Tech Startups can Survive Infant Mortality

Startup Genome report noted that 9 out of 10 startups fail and 10% of startups fail in the first year. According to the report, startup infant mortality is most common for startups during years two through five, with 70% falling into this category. Despite the high number of startup failures,

Seedstars Supporting The Support System With Seedstars Capital

Often, it is quite surprising how support systems have arisen in the tech ecosystem. Various platforms have opened to set startups on the path of growth and acceleration. The likes of hackathons events, tournaments, and direct funding through venture capitalists and angel investors have greatly impacted the African tech ecosystem.

Harare

Big City, Big Dream. Silicon Harare is Possible

With the establishment of innovative hubs in the major cities, Africa is going through a phase of increased investment in its digital industries. This might be the key for a region wanting to support the expansion and funding of startups and innovators. To actually accomplish this, Africa must be prepared

What African Blockchain Startups must Know after FTX Collapse

Historically, cryptocurrencies have provided a form of cover for Africans. The World Bank estimated that between September 2016 and September 2017, South Sudan’s inflation rate was 102%. Other nations experiencing inflation rates in the double digits include Ghana, Malawi, Mozambique, Nigeria, Zambia, and Zimbabwe. It comes as no surprise

SideUp Raises $1.2 million, Below the Average Seed Round In Egypt

Between 2020 and 2022, four African startups have risen to become the BIG FOUR, in terms of startup funding. Nigeria, Egypt, Kenya and South Africa, have played a significant role in digital tech activities within the continent. Even when it seems there are reduced funding activities, startups within these countries

Africa Transformation Office

How Microsoft's ATO is following through with its $500M Funding Plans for African Startups

Microsoft, the leading software giant, announced a new program in early March this year to accelerate the growth of 10,000 African startups and fast-track investment in the continent’s startup ecosystem over the next five years. The opportunities are made available through Microsoft’s ATO, its Founders Hub on

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