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Founders Live To Host Startup Pitch Event In Cairo

Founders Live To Host Startup Pitch Event In Cairo

Founders Live, a digital platform established to disseminate educational content for entrepreneurs and startup founders globally, is set to host its pitch event live in Cairo, Egypt. According to Founders, entrepreneurs from around the world will be hosted at the event, while 5 startups will be picked from across Cairo

Meta Announces a 16% VAT on Ads across its Platforms in Kenya

Meta Announces a 16% VAT on Ads across its Platforms in Kenya

Meta (formerly Facebook) has announced that all Kenyans who use their advertisement services on either of its platforms (Facebook and Instagram) both businesses and personal accounts, will now be required to pay 16% Value-Added Tax (VAT), effective November 1st, 2022, following the new VAT laws and requirements for the industry.

Egyptian Government To Launch Digital Platfom For National Transformation

Egyptian Government To Launch Digital Platfom For National Transformation

Following previous developments that have displayed a determined effort to support digital transformation in Egypt, the North African country’s Prime Minister, Mostafa Madbouly has again attested to an initiative that is meant to scale digital industrialization in the country. Prime Minister Mostafa was recently present at the signing event

GITEX 2022: NITDA seeks international collaboration for local startups

Amazon Web Services

GITEX 2022: NITDA seeks international collaboration for local startups

The National Information Technology Development Agency (NITDA) has made critical efforts to partner with foreign-based startups and enable international investments to achieve digital innovations in Nigeria. At the Gulf Information Technology Exhibition (GITEX) 2022, the Director General of NITDA, Mr. Inuwa Kashifu Abudullahi in a discussion with the Amazon Web

BNPL Platform valU Invests in Egyptian Startup, Hoods

BNPL Platform valU Invests in Egyptian Startup, Hoods

Egyptian e-commerce startup, Hoods has received an undisclosed amount of investment from one of MENA’s leading Buy-Now-Pay-Later (BNPL) platform valU. Co-founded by Waleed Ghalwas and Mostafa Hanafi, Hoods was launched in late 2020 to provide shopper/consumers with a platform that lets them search for and compare brands via

Yego Mobility launches to compete with other ride-hailing startups in Kenya

Yego Mobility launches to compete with other ride-hailing startups in Kenya

Mobility company, Yego Global has launched its taxi-hailing subsidiary, Yego Mobility Kenya Limited in Kenya and is set to charge drivers 12% commission, the lowest after Little. This development comes at a time when drivers of competing companies: Uber Kenya; Bolt, formerly Taxify; Little Kenya, and a host of others

Teraco Completes New JB4 Data Center in Johannesburg

Teraco Completes New JB4 Data Center in Johannesburg

Data center operator, Teraco, which is owned by Digital Realty, announced on Wednesday that the first phase of JB4, the most recent addition to its “hyperscale” facility at Bredell on Johannesburg’s East Rand, has been completed. 30 000 sq/m of building structure, 8 000/sq m of data

Sanlam’s Partnership with MTN’s aYo Holdings Receives Approval from Regulatory Authorities

Sanlam’s Partnership with MTN’s aYo Holdings Receives Approval from Regulatory Authorities

Regulatory authorities have approved the partnership between Sanlam and aYo Holdings, the insurtech platform owned by MTN Group. This opens the door for the two companies to create and expand digital insurance and investment solutions. Today, MTN declared that the strategic alliance has accomplished a major milestone by satisfying the

CardinalStone Capital Advisers, Invests $6M in Nigeria’s HealthTech Startup, AfyA Care’s Series A Round

CardinalStone Capital Advisers, Invests $6M in Nigeria’s HealthTech Startup, AfyA Care’s Series A Round

CardinalStone Capital Advisers (CCA), the West African private equity fund manager, announced today a $6 million Series A funding round in AfyA Care, a health-tech startup providing integrated healthcare services such as hospital care, health insurance, and health technology services across Nigeria. AfyA Care utilizes the funds to improve its

KuCoin Wallet Officially Rolls Out its Chrome Extension

KuCoin Wallet Officially Rolls Out its Chrome Extension

KuCoin Wallet, a secure and simple-to-use crypto wallet powered by the KuCoin ecosystem, has officially launched a Chrome Extension with vastly enhanced security technology and architecture, ensuring the security of user assets across multiple dimensions and safeguarding the Web3 experience. Even as the crypto industry grows and user demand diversifies,

Twitter CMO Adds to the Growing No. of Executives Leaving Since Musk Happened

Twitter CMO Adds to the Growing No. of Executives Leaving Since Musk Happened

Twitter CMO, Leslie Berland is the latest to quit Twitter, adding to the growing number of top executives that have left the social networking company since Elon Musk completed the $44 billion controversial acquisition of Twitter last Thursday, according to Bloomberg and the New York Times report. Bloomberg also writes

Pan-African digital rights agency, Paradigm Initiative files lawsuit against NITDA

Pan-African digital rights agency, Paradigm Initiative files lawsuit against NITDA

Paradigm Initiative (PIN), an agency connecting youths to digital opportunities as well as preserving digital rights, has petitioned the National Information Technology Development Agency (NITDA) in court. This is following a series of back-and-forth by PIN to ensure the updated code endorsed by the IT agency is re-evaluated. NITDA, in

Pick n Pay to Adopt Cryptocurrency Payment at all its Grocery Stores

Pick n Pay to Adopt Cryptocurrency Payment at all its Grocery Stores

Pick & Pay is expanding its cryptocurrency offering, enabling customers to use cryptocurrencies to pay for groceries at 39 of its locations countrywide. The retailer has been experimenting with cryptocurrency payments for a number of years. It stated in a statement on Tuesday that it intended to introduce the cryptocurrency

Tymebank Gets Green Light to Buy Retail Capital

Tymebank Gets Green Light to Buy Retail Capital

The Competition Tribunal announced yesterday that it had unanimously cleared TymeBank’s acquisition of fintech SME funder, Retail Capital, in order to strengthen its business banking capabilities. TymeBank, which is owned by African Rainbow Capital (ARC), announced in August that it has struck an agreement with Retail Capital and its

Sproutly, a Nigerian Digital Banking Platform in the Final Top 5 in 2022 MEST Africa Challenge

Sproutly, a Nigerian Digital Banking Platform in the Final Top 5 in 2022 MEST Africa Challenge

Sproutly, a Nigerian-based digital banking and tuition financing platform for teens and students, has been chosen, along with four other African tech startups, to advance to the grand finale of the 2022 MEST Africa Challenge pitch competition. According to MEST Africa, the tech startups that will compete in the grand

Twitter to Lay Off 25% Of Workforce in First Round of Job Cuts

Twitter to Lay Off 25% Of Workforce in First Round of Job Cuts

In its initial round of layoffs, Twitter intends to let go of 25% of its workers. The social networking platform currently employs about 7,000 people, with just under 2,000 people making up 25% of the workforce. After the $44 billion takeover was completed, Elon Musk sacked key executives

Payhippo, Nigeria’s Credit-led SME Fintech Startup is Acquiring Maritime Microfinance Bank

Payhippo, Nigeria’s Credit-led SME Fintech Startup is Acquiring Maritime Microfinance Bank

Payhippo, Nigeria’s credit-led SME fintech, has today announced its proposed acquisition of Maritime Microfinance Bank (MFB), a financial institution specializing in saving products, demand deposits, and investments as well as micro and SME loans. The acquisition is subject to the Central Bank of Nigeria’s approval, and both parties

Huawei Reaffirm Intentions to Support Digital Transformation in Morocco

Huawei Reaffirm Intentions to Support Digital Transformation in Morocco

Huawei, a Chinese technology firm has restated its comment to promote technology evolution in North Africa, Morocco. The company intents to provide a varying range of technological tools and services to both public and private sectors in the country. there are also plans to train the nation’s indigenous talents,

Eskom to Deploy Renewable Energy to Aid in South Africa’s Power Crisis

Eskom to Deploy Renewable Energy to Aid in South Africa’s Power Crisis

Renewable energy projects are at the core of the efforts being made by struggling power company Eskom to boost capacity and fill the gap in South Africa’s electricity supply. The troubled state-owned corporation (SOC) stated last week that it is concentrating on putting all of its projects into action

Techstars Toronto 2022 T5 Cohort, Nigerian Startups Reps Africa with all Six Selected Startups

Techstars Toronto 2022 T5 Cohort, Nigerian Startups Reps Africa with all Six Selected Startups

Techstars, a global investment and innovation platform and one of the world’s largest pre-seed investors with a diverse portfolio ranging from HealthTech and FinTech to Web3 and CleanTech; from Miami and Silicon Valley to Lagos and London, has announced the selection of six Nigerian tech startups to participate in

EMPG Seures $200 Million In Investment Round

EMPG Seures $200 Million In Investment Round

The operator of major online classifieds platforms, EMPG, has raised Two Hundred Million US dollars ($200 Million) in an investment round. This tech company functions across emerging markets with targets in MENA (Middle East and North Africa), Southern and Southeast Asia. EMPG owns major platforms across the MENA and especially

EdTech, Classera, Raises $40 Million Series A Round

EdTech, Classera, Raises $40 Million Series A Round

E-learning platform, Classera, has raised a Series A round of Forty Million US dollars, ($40 million). this is considered one of the major raises in the EdTech niche. PIF’s Sanabil Investments led the round, while Global Ventures, Seedra Ventures, Endeavor Catalyst, Sukna Venture, and 500 Global participated in the

Car Subscription Startup, Invygo, Has Raised $10 Million In Series A Round

Car Subscription Startup, Invygo, Has Raised $10 Million In Series A Round

Car subscription and mobility startup, Invygo, has recently raised a Series A funding round of Ten Million US dollars ($10 million). This new raise will assist the startup with its expansion plans, as it intends to expand its market offering. The round was led by the Middle East Venture Partners