5G

Some Defining Moments in Nigerian Tech Startup Ecosystem in '22 that will Shape '23

Given the worldwide tech funding crunch caused by the economic meltdown, which resulted in mass layoffs, downsizing, and outright shutdown in the global tech industry, the Nigerian tech startup ecosystem performed exceptionally well in 2022. According to various figures released by individual companies, funding for the year dropped from $1.

Looking Set for 2023 with The Ouut

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

flutterwave

Africa’s Biggest Mega Rounds in 2022

There was a time when mega rounds were confined to the West. That is no longer the case now. Macroeconomic conditions are now favoring Africa well enough to attract such levels of funding (deals valued at $100 Million & above). African late-stage startups that have reached a certain degree of

2Africa

Top 4 Tech Stories from Southern Africa in 2022

The effect of technological innovation on economic growth has received significant attention in Southern Africa. Due to its speedy development and potential impacts, innovation and digital processes have become a norm in most South African countries. According to McKinsey, tech has the potential to unlock greater productivity across sectors; improving

Crypto

Cryptocurrency In Morocco; If You Can't Ban Them, You Join Them

Over many publications, it is evident that the government is intertwined with tech activities within a given society. Nothing has the ability to scale without the approval, development and openness of a government. There have been various instances where the rules and regulations of a given nation propelled the scalability

Fintech

Strengthening Financial Inclusion in the Rest of Southern Africa

Broadening financial services seemed like a herculean task for banks until the spread of Fintechs began in Africa. Fintechs have created the needed motivation for banks to expand and simplify service delivery, strengthening the degree of financial inclusion in Africa. Greater access to formal financial services for people in emerging

EDFI ElectriFI

Why EDFI ElectriFI Splashes $7.5M on Solar Electrification in Nigeria and Kenya

Access to electricity remains a major challenge for Sub-Saharan Africa, even as the rest of the world has shifted its focus to safe and clean energy sources. According to the custodian agencies of Sustainable Development Goal (SDG) 7 report, “Tracking SDG 7: The Energy Progress Report,” – which examines the progress

Fintech

Kenyan Tech Startups Raise Record Funding in 2022

Kenya is the continent’s second most popular investment destination, trailing only Nigeria. As of November 2022, the ecosystem funding stood at $506,686,000 spread across 63 transactions. This represents a significant increase and nearly doubles the $291, 983,000 raised in the Kenyan Startups in 2021, as well

Nigerian prop-tech

Nigerian Prop-Tech Industry in 2022

The Nigerian prop-tech industry is currently valued at $2 billion and is expected to grow to $5 billion by 2025 with several tech startups driving its growth, innovation, and development. While the global Prop-tech market is expected to be worth $11.7 billion in 2022, it is expected to grow

Tech Receptiveness among Southern Africa Countries in 2022

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.

Falak, EBRD Trains Over 50 VC Participants in 2 days Masterclass

There are various reasons for joining an association or group. Naturally, people join associations for their own benefit, for example, to come to their aid or to help their development in the long run. This could be one of the reasons Egypt joined the European Bank for Reconstruction and Development

Why Mozambique’s e-Visa Implementation is a Step in the Right Direction

The tourism sector is becoming more and more significant to the world economy. The expected level of consumer spending on tourism, hospitality, and leisure in Africa by 2030 is $261.77 billion. In light of these developments, Africa’s travel and tourism sector has a lot of promise, particularly given

Sudan On Recovery Path With Health-tech

One of the most important sectors in any community is the health sector. Why? anyone can be a victim of an unexpected health epidemic or accident. Without a functioning and capable health sector, the threat to the lives of citizens has the tendency to increase. There are several countries in

Africa

The Silicon Mountain: Highlighting the Cameroonian Tech Startup Ecosystem

Cameroon is a country of about 28.2 million people that is strategically located in Central and West Africa. It has a very youthful population and a 36.5%  internet penetration rate, with GDP expected to reach $47.01 billion by the end of 2022, according to Trading Economics global

ecommerce

Online Retail Surge in South Africa in 2022

South Africa has experienced steady growth in its online retail space over the last few years. In 2021, the likes of takealot.com, superbalist.com and woolworths had spearheaded the online retail charge in the country, accounting for 15% of the top 100 online stores’ revenue in South Africa. In

Fawry Collaborates With Classera To Promote Digital Payments Within The educational sector

Fawry, one of Egypt’s leading fintech startups has announced its fresh collaboration with  Classera and Egyptian ed-tech. The announcement was made on Thursday via a Press Release. The full press release reads,“Fawry” cooperates with “Classera” to promote digital payments for the educational sectorFawry offers electronic payment services to

Building Stronger Startup Ecosystem in South Africa

Startups are supposed to expand quickly. Quick growth has become one of the criteria to assess the strength of a startup ecosystem. Startups are not really different from normal traditional businesses, they all try to provide solutions to socioeconomic problems. However, startups edge out traditional businesses based on the innovative

Blockchain

Gamic and Polygon Partner to Bring Blockchain Opportunities to Africa

Gamic, Nigeria’s Web3 social communication platform, announced a strategic partnership with Polygon network, a leading Ethereum infrastructure and scaling platform. Gamic will be able to expand its international influence and reach as a result of this collaboration, as well as bring blockchain-powered opportunities to Africa. The web3 startup is

Why African Founders must look towards Famtech

The widespread differences in geography, social status, and culture cannot mask the dynamic that all families share. Because African families are such complicated institutions, it is impossible to characterize them without resorting to generalizations. However, the family is the fundamental social structure in Africa and is based on kinship, marriage,

Blockchain

How the Africa Blockchain Center is Addressing the Talents Gap in African Blockchain Industry

The Africa Blockchain Center (The ABC), a Kenyan Web 3.0 startup founded in September 2021 to propel Africa into the adoption of 4IR (fourth industrial revolution) technologies by building capacity in blockchain programming and catalyzing industry readiness; offering solutions to enterprises seeking to explore the technology; and incubating blockchain

Can Prop-tech Save The Day In Morocco? The Property Challenge

An industry without a problem does not exist. Without a challenge, there is no need for existence, as all will seem too smooth, uninteresting and in fact boring. There won’t be a need to task the brain, there is no thrill or hunt for a solution. In all honesty,

Checkme Acquires DoctorOnline To Shake Up Egypt's Health-tech Ecosystem

Often times delays have proven to be dreadful. An action almost related to procrastination has in most cases provided a negative result in a given situation, especially health-related. Delayed diagnosis is known to cause irreversible harm to affected individuals. The situation that would follow in such a case would be

Angola

Big City, Big Dream. What do we give for a Silicon Luanda in Angola?

Startups have the ability to innovate and disrupt important economic sectors, but they frequently face access issues. Africa’s largest cities and Silicon Valley in San Francisco differ in their struggles with low financial inclusion and antiquated technologies. Several African states have the conditions necessary for the emergence of Silicon

DFC

DFC and Mastercard Doll out $50M to Deepen Digitization and Financial Inclusion in Africa

Notwithstanding how challenging it has been to deepen digitalization and financial inclusion in Africa over the years, some notable progress has been made. For instance, 2021 was a record year for the African tech startup ecosystem, attracting over $4 billion in investment across 650 deals, a 206% increase over 2020

Why Africa needs More Digital Illustrators

Years ago, there were just a handful of digital illustrators in Africa. Today, the emergence of NFT has inspired the growth of digital illustration in Africa. In industries like finance, business, communication, and agriculture, the role and effects of the digital revolution have been widely praised and well-documented. While the