Foodics Partners With Kaso To Promote A Digitalize MENA's F&B Industry

One of the leading restaurant management platforms in UAE and MENA at large, Foodics, has gone into partnership with Kaso, a top B2B platform that provides digitalized procurement solution that links restaurants to groceries suppliers across MENA. This strategic partnership was announced via a press release made available by Kaso.

Single Largest Proptech Round. What Does Flow’s $4.5M Round Mean for the Startup and the Sector?

Even though the term “Proptech” dates back to the 1980s, it wasn’t until the early 2000s that the so-called first generation of Proptech companies began operating. After more than 20 years, the commercial real estate industry in South Africa has acquired the necessary digital spark to accelerate the adoption

African Tech Startup Funding: Examining the Steady Growth of Debt Funding in the Last Five Years

African Tech Startup Funding: Examining the Steady Growth of Debt Funding in the Last Five Years The global tech startup scene in 2022 saw nothing nearing the fundraising euphoria of the previous year, as VC activity dropped by up to 35%. Except for Africa, the reluctance of VCs to sign

South Africa’s AI Industry looks more optimistic

The concern that Africa’s AI industry was not ready for the 4th industrial revolution is been debunked by the widespread development of AI in Africa. Startups are all bringing the country’s AI industry to global prominence. A lot of resources and money are being invested in AI development

Kuwait Tech Expo Summit Set For Feb 8th-11th 2023

The annual technology development event, The Kuwait Tech Expo and Summit (KTE), is set to hold on the 8th-11th of February 2023. The event will be taking place in the MENA country, Kuwait, with the intention to provide a platform for tech companies and startups to showcase their innovations. The

Wa’ed Ventures Invests $18M In PASQAL's Series B Round

One of Suadi Arabia’s most active VCs, Wa’ed Ventures, has made a participatory investment of $18 million into the Series B round of $108 million raised for PASQAL, a French quantum computing startup. Although this is not the VC’s highest investment, this is the VC’s first

Road To Inclusion: How Fintechs In Egypt Are Serving The Unbanked And Underbanked Population

Although it might seem impossible to people who enjoy the luxury of mobile banking free transactions and many more privileges that come with being banked, There is still a large population of the world who are yet to be banked. The unbanked population refers to individuals who do not have

South Africa Collaborates With the DRC to Advance Tech

12 days ago, we likened South Africa to the Sirius of the Southern region. The article posited how South Africa could project digital services to the rest of the region through collaborations and expansions. Without a doubt, Africa’s most developed economy is capable of catalyzing development through the Southern

3 Nigerian, 8 Other Startups Selected For the Startupbootcamp AfriTech's Powered ASIP Accelerator in Dakar

Startupbootcamp AfriTech and telecommunication company, Telecel Group have announced the selection of 3 Nigeria tech startups and 8 others from 6 other African countries to take part in its third edition of the Africa Startup Initiative Program (ASIP) accelerator in Dakar, Senegal, with a demo day slated for May 25,

Bitcoin on the Rise: Is This Current Rise Enough to Restore Investors' Confidence in Crypto Just Yet?

In 2022, cryptocurrency investors experienced a rollercoaster ride, with prices plummeting after reaching all-time highs in late 2021, leading many to lose faith in the digital asset class. The crypto space of late can be described as a shade of everything, from good when Bitcoin, the largest cryptocurrency by market

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