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Maplerad Secures $6 Million in Seed Funding, to Soar Client Acquisition Among Others

Maplerad Secures $6 Million in Seed Funding, to Soar Client Acquisition Among Others

US-based Nigerian Banking-as-a-Service (BaaS) platform, Maplerad has raised $6 million in Seed funding led by Peter Thiel Valar Ventures to accelerate product offerings, empower builders and businesses and help consumers make payments across borders differently with Wirepay, its cross-border payment solution. Other participants in the round include; Golden Palm Investments

EzyAgric Partners with Pezesha To Launch BNPL In Uganda

EzyAgric Partners with Pezesha To Launch BNPL In Uganda

EzyAgric has gone into partnership with Pezesha to launch a new product service that enables agro merchants, “buy now and pay later” with a convenience that scales their businesses. Agro merchants or Agro-inputs that use the agric tech platform will have access to apply for inventory financing, such that they

One Finance Rolls Out BNPL Services in Egyptian Market

One Finance Rolls Out BNPL Services in Egyptian Market

One Finance, an integrated consumer financing platform, has launched its Buy-Now-Pay-Later (BNPL) services in the Egyptian market with an issued and paid-up capital of $5 million (EGP 100 million.) For the first time in the Egyptian market, the company introduces an innovative buy now pay later (BNPL) business model by

Bboxx Partners With Ampersand To Make E-Motors Available for Uganda Riders

Bboxx Partners With Ampersand To Make E-Motors Available for Uganda Riders

A super platform that provides access to essential services and products, Bboxx, has partnered with Ampersand, an E-mobility platform focused on providing sustainable solutions for transportation across East Africa. This partnership is meant to see to Ampersand’s expansion plan especially that of its e-mobility strategy in Rwanda. Recently there

B.TECH Launches “b_labs”, a Hub for the Egyptian Tech Talents

B.TECH Launches “b_labs”, a Hub for the Egyptian Tech Talents

B.TECH, Egypt’s leading integrated omnichannel retailer and consumer finance platform, has officially launched “b labs,” a technology hub that will serve as B.TECH’s transformation and digitization engine. According to the firm’s statement, b labs is intended to serve a wide range of business verticals such

Bike-Hailing Business Perils in Nigeria: Examining SafeBoda's Masterplan

Alastair Sussock

Bike-Hailing Business Perils in Nigeria: Examining SafeBoda's Masterplan

After the Lagos state government ban on motorcycles, residents are having to deal with fare hikes and staking their mental health. The ban has also led to the diversification of startups such as Maxng, and Gokada as well as failed business operations as in the case of OPay‘s ORide

ShapShap Nigeria Wins SuperNova Prize of $8000 At GITEX Global 2022

ShapShap Nigeria Wins SuperNova Prize of $8000 At GITEX Global 2022

Nigerian digital marketplace and logistics startup, ShapShap, has been announced as the winner at the 2022 GITEX Global, winning Eight thousand US dollars ($8,000) as the cash prize for the Supernova, a contest for Mobility and Smart Innovator. ShapShap was launched by Khalil Halilu in 2019 as an on-delivery

Airtel Acquires 5G Spectrum In Tanzania

Airtel Acquires 5G Spectrum In Tanzania

Indian multinational company, Airtel Africa Plc, has announced its acquisition of an additional spectrum in the East African country, Tanzania. It revealed that it had purchased the 140 megahertz spectrum split between 2600 and 3500 MHz bands for $60.1 million from the Tanzanian Communications Regulatory Authority (TCRA). This new

Samsung Wallet to Launch Soon in South Africa

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

Sanlam Offers to Acquire Controlling Interest in AfroCentric

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,

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

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 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

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

Casablanca Ranked 7th Best City for Startups in MENA

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 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

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

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

Roboost Secures Six-figure in Seed Round to Automate Deliveries

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

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

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

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

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

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

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

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

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

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