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

Equiano Cable

What the Rest of Africa can Learn from South Africa’s Cloud Advancement: Fibre and Connectivity

Advocating for cloud advancement means setting up regulatory and infrastructural framework necessary for cloud services. The high-capacity needs brought on by the arrival of broadband technology have helped to accelerate this development, which was initially fueled by the extremely quick growth of mobile telephony. Data transfers on various networks as

5G

Despite 4.5% 4G subscribers in Zambia, MTN rolls out its 5G service in the country 

MTN, a pan-African South-African mobile network operator (MNO) has launched its 5G service in Zambia, a country in the Southern African region. The telecom operator had previously launched its 5G services in South Africa and Nigeria in 2020 and 2022 respectively. Zambia’s 19.6 million people are not compared

fintech startup

WHAT YOU SHOULD KNOW ABOUT THE NIGERIAN FINTECH SECTOR

Fintech is a combination of the words “finance” and “technology. According to Corporate Finance Institute, it describes the evolution of an industry where new technology use cases are developed and deployed to streamline more traditional-looking finance functions. In the Nigerian fintech sector, the payments sub-sector employs the most fintech players,

Ride-Hailing Liberty in Tunisia

Tech-enabled or not, there is no doubt that transportation is one of the best businesses to venture into. The story is not different in Tunisia, it is ranked the Third best business initiative in the country. In fact, the value of Transportation is worth about 1208.46 TND Million which

Business

You Can Now Game in the Metaverse

It was typical to see young people wasting their time doing what was considered to be “nothing” decades ago, when the game industry was still in its infancy. But the game business has seen countless revisions and modifications since those storied times. With the introduction of virtual reality and the

What is Keeping Foreign Investors Glued to South Africa?

South Africa has a budding startup ecosystem, being among the biggest tech ecosystem on the continent. 92% of Africa’s investment in tech was won by four countries: Nigeria, Egypt, Kenya, and South Africa. Their sizable populations and high Gross Domestic Products (GDP) makes them desirable investment locations, and attractive

Growth Stage, Soonicorn, Unicorn. What Stage is Your Favorite Startup in?

Experts have generated different concepts to describe and understand startup stages. While moving from early stage to venture funding stage is easier to grasp, the stages that follow have been usually described by their latest funding rounds. This is vague. Describing startups by funding rounds can’t really hold as