Business

Samsung Wallet to Launch Soon in South Africa

By the end of 2022, 13 additional nations, including South Africa, will offer Samsung Wallet, an all-in-one digital wallet app. Samsung Wallet, which launched in June 2022, combines the functions of the company’s password manager, Samsung Pass, with digital payment software Samsung Pay. In South Africa, Samsung Pay was

Business

Sanlam Offers to Acquire Controlling Interest in AfroCentric

AfroCentric Investment’s board has received an offer letter from financial services business Sanlam, expressing its definite intention to buy a controlling stake in the JSE-listed investment holding company that is majorly owned by black people. The insurance specialist has offered a purchase consideration of R6.00 per AfroCentric share,

Oman Investment Fund

Sghartoon, Tunisian-based Teletherapy Startup Raises $150K to Expand

Sghartoon, a Tunisian-based teletherapy platform specialized in learning difficulties where parents, therapists and schools come together to provide the best care and education for kids has announced successfully raising $150,000 from the Oman Investment Fund to boost its marketing and sales efforts as it plans to expand into the

Twiga Foods To Manage Wastage Via Google Tech Partnership

Twiga Foods, a Kenya-based agri-tech start-up has revealed that it will be cutting down on wastage via the implementation of Google’s technology. The action is targeted at curtailing the wastage of perishable goods during distribution especially. The agri-tech acknowledge that it will be using Google Cloud’s systems on

Lynk Global to Launch World’s First Base Station in Space to Rival Starlink

The first base station in space will be launched by satellite telecommunications provider Lynk Global to deliver 5G cellular connectivity to regular smartphones on Earth. The test will utilize Lynk’s second commercial satellite and take place in December 2022. An unnamed partner has provided financing for the project. The

Africa's best place to do business.

Casablanca Ranked 7th Best City for Startups in MENA

Casablanca, Morocco’s capital, has been named the seventh best city for startups in the Middle East and North Africa (MENA) region by the Belgium-based internet marketing service, Sortlist, according to Morocco World News. Sortlist published small and medium-sized enterprises (SME) guide titled “The Best Places in the UK and

President Museveni of Uganda Signs Computer Misuse Bill to Law

President Yoweri Museveni of Uganda, has signed the Computer Misuse Bill into law, this is even as there have been continuous criticism raised against it due the extreme penalities attached to various uses of digital gadgets and computers. Enacted in 2011, the Computer Misuse Act in Uganda is meant to

Furniture Startup, MoKo, Secures Series B Funding Round

Kenyan-based furniture startup, MoKo Home, has completely secured a Series B funding round of Six million, Five hundred thousand US dollars ($6.5 million) debt-equity. The round was co-led by AlphaMundi Group and Talanton. It also had the participation of Novastar Ventures while One Million US dollars ($1 million) of

Boyot

Boyot and Misr Real Estate Assets Management Partner to Collect Rent and Pay Utilities Digitally

Boyot, an Egyptian-based startup that provides an end-to-end operating system for payments and financial services focused solely on the real estate market has announced a partnership with the Misr Real Estate Assets Management Company to collect rents and pay all utilities including water, electricity, gas, and internet electronically. Mahmoud El

AUC Angels

Roboost Secures Six-figure in Seed Round to Automate Deliveries

Roboost (formerly Tayar), Egypt’s leading delivery management solution, has secured a six-figure seed round to boost its core technology and gain new customers. Cairo-based Falak Startups that supports Egyptian entrepreneurs led the funding round with participation from AUC Angels, one of the first university-based angel investor networks in the

Bitmart Utility-backed NFT Launches to Provide NFT Services to South Africans

The first utility-backed NFT in South Africa is being introduced by Bitmart in the guise of a fun card game. Its most recent offering aims to give anyone in South Africa an easy way to start investing in NFTs and cryptocurrencies, as well as more experienced NFT and cryptocurrency investors

Block Inc.

Telda, Egypt-based Fintech Startup Raises $20M in Seed Funding to Expand

Telda, an Egyptian fintech startup has raised $20 million in a Global Founders Capital-led seed funding round with participation from Silicon Valley’s Sequoia Capital and former Twitter CEO, Jack Dorsey’s Block Inc., previously known as Square Inc. to expand into new markets as well as grow its product

Metaverse

Meta’s Latest Meta Quest Pro Innovation is a Step Closer to the Metaverse

When Niantic CEO John Hanke spoke on the Metaverse, he asserted that the Metaverse was a continuation of where tech was headed prior to COVID-19. “We have Instagram, email and messaging. And then there’s our real-life friends; the real-life activity that we’re participating in. Sometimes there’s an

South African Clean-energy Startup, Brayfoil Technologies Wins at The GEA Summit

South African clean energy startup, Brayfoil Technologies, in last week’s Green Energy Africa (GEA) Summit in Cape Town, emerged winner in the Energy Investment Village pitch competition. Brayfoil creates turbine blades that change shape to lessen stresses, enabling larger, more effective, more dependable, and more cheap devices. The wind

Bolt by QED

Egypt-Based E-Commerce Platform, FlapKap Secures $3.6M in a Seed Round to Consolidate in MENA

FlapKap, an Egyptian-based tech-enabled B2B revenue-based financing platform that is revolutionizing e-commerce growth across the MENA region, has sealed a $3.6 million Seed round led by Bolt by QED, Nclude, Outliers, and A15. The funding comes six months after the startup received a pre-seed round, and it coincides with

Nigeria, Microsoft Signs MOU To Up-skill 5 Million Citizens

A Memorandum of Understanding (MOU) to upskill Five million Nigerians has been signed between tech giant, Microsoft Corporation and the Nigerian government. Citizens will be tried in skills that are in high demand in the tech space and that can also enhance their career choices. Minister of communications and Digital

Aruwa Capital Management

Lifestores Healthcare secures $3 million pre-series A to expand markets across Nigeria

Nigerian healthtech startup, Lifestores Healthcare has raised $3 million pre-series A making its total funding $4 million after its $1 million seed round in 2020. The recent funding led by Health54, the healthcare-focused corporate venture capital arm of CFAO Group, with Aruwa Capital Management as supporting lead and participation from

Evolution, Innovation, Prop-tech; A Simple Overview

Evolution Flashback: Flipping through the popular Castles property magazine, even if you don’t have money in your pocket you can at least have a view of what the rich folks are buying in “2009”. ” 2 bedrooms bungalow, at Agbado Ijaye Lagos, All ensuite, with a swimming pool, asking price:

Business

Google and Coinbase Partner to Bring Crypto Payments to Cloud Services

Google, the tech titan, has teamed up with Coinbase, the largest cryptocurrency exchange in the United States by trading volume, to enable users to pay for cloud services with cryptocurrency. Customers in a select group will now be able to pay with Bitcoin, Ether, and Dogecoin. According to Amit Zavery,

Wellness Startup, Strove, Closes Major Funding Round

Following the completion of its most recent funding round, which was overseen by the Japanese venture capital firm Lifetime Ventures, African Healthtech startup, Strove, is poised to revolutionize employee wellbeing globally. Strove helps workers with their physical and mental wellbeing and is on a mission to make workplaces into healthy

Business

Be Mobile Africa Rolls Out EUR & USD Accounts for African businesses

A new multi-currency business banking platform from Be Mobile Africa has been made available to African businesses. Customers will be able to apply for and open USD and EUR business accounts using the platform within 48 hours without having to physically visit a bank office. Be Mobile promised to make

South African Proptech Startup, Propsource, Secure Funding to Facilitate Residential Offering

PropSource, a South African prop-tech business, has raised an undisclosed amount of funds to expand its residential product line. Commercial real estate agency PropSource collaborates closely with listed nationals, or reits, to fill openings in their portfolios of properties. The startup’s property database, which contains over 3,500 vacancies,

Business

Fawry Partners Shahid to Offer E- Payments for their New VIP Mobile Package

Fawry, an Egyptian unicorn and a leader in digital transformation and electronic payments, has announced a partnership with Shahid, MENA’s foremost and leading Video on Demand (VOD) platform, to provide digital payment options for their new VIP mobile package in Egypt. This partnership is one of Fawry’s steps

DisrupTech Ventures

i’Supply, Egypt’s Pharma Distribution Marketplace, Secures $1.5M in Disrupt-Led Pre-Seed Round

i’Supply, the Middle East and North Africa’s foremost tech-enabled distribution marketplace connecting pharma businesses and financing small and medium wholesalers and pharmacies has raised $1.5 million in a pre-seed round led by Disruptech Ventures and other investors, Ibrahim Emam, CEO of i’Supply, has 20 years of

Fintech

Nclude Receives Investment from Mastercard to Support Egyptian Fintechs Driving Financial Inclusion

Nclude, an Egyptian fintech-focused VC firm founded earlier this year in partnership with Egypt’s leading national banks – Banque Misr, National Bank of Egypt, and Banque Du Caire – has received an undisclosed investment from Mastercard to help accelerate Egypt’s evolving fintech ecosystem and support the country’s digital transformation