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Pillow Fund Launches Interest Generating Savings App in Nigeria

Pillow Fund Launches Interest Generating Savings App in Nigeria

Pillow Fund, an Indian crypto investment company, has made its new product service launching in Africa with Nigeria as its landing location. While making investments in well-supervised and actively managed DeFi methods or strategies, Pillow fund has given its users access to yield downside-protected interest on their digital assets. According

ZenHR, an HR Software Startup, Secures $10M to Scale its Operations across MENA

Endeavor Catalyst

ZenHR, an HR Software Startup, Secures $10M to Scale its Operations across MENA

ZenHR, a MENA-focused human resource technology start-up has secured $10 million in Rua Growth Fund-led growth funding round with the participation of existing regional and global funds and investors, including Endeavor Catalyst to scale up its operations across the MENA region. The Riyadh-based startup offers products covering automated payroll calculations,

ANGLO AMERICAN AND EDF RENEWABLES PARTNER TO FORM ENVUSA ENERGY IN SOUTH AFRICA

ANGLO AMERICAN AND EDF RENEWABLES PARTNER TO FORM ENVUSA ENERGY IN SOUTH AFRICA

Envusa Energy, a new jointly owned firm to be formed by Anglo American and EDF Renewables, will be responsible for creating a regional renewable energy ecosystem (RREE) in South Africa. A Memorandum of Understanding between the two businesses was signed in March 2022 to explore the ecosystem’s growth and

Nigerian Advertising Regulatory Body, ARCON Sues Meta for $72.3 Billion over Breach of Laws

Nigerian Advertising Regulatory Body, ARCON Sues Meta for $72.3 Billion over Breach of Laws

The Advertising Regulatory Council of Nigeria (ARCON) has filed a lawsuit against Meta Platforms Incorporated, owners of Facebook, Instagram, and WhatsApp alongside its Nigerian public relations agency, AT3 Resources at the Federal High court based in Abuja, Nigeria. “ARCON is seeking a declaration that the continued publication and exposure of

Algebra Ventures, Egypt’s VC Firm Finalizes the First Close of its $100m Second Egypt-Dedicated Fund

Algebra Ventures

Algebra Ventures, Egypt’s VC Firm Finalizes the First Close of its $100m Second Egypt-Dedicated Fund

Algebra Ventures, Egypt and MENA-focused venture capital firm has announced the first close of its $100 million second fund. This comes just months after the venture capitalist announced the launch of its $90 million second fund in April. It was the follow-up to its first fund, which invested $54 million

Woolworths Announces Upgrade on Woolies App As It Nears 2M Users

Woolworths Announces Upgrade on Woolies App As It Nears 2M Users

Woolworths has announced it is expanding its online purchasing options to give its local customers a seamless omnichannel shopping experience. In an effort to provide customers with a better one-stop shopping experience, the business claims that its two mobile apps, Woolies Dash (its on-demand same-day buying service) and the Woolies

Microsoft SA Joins Vodacom in Sponsoring Code Like A Girl STEM Empowerment Project

Microsoft SA Joins Vodacom in Sponsoring Code Like A Girl STEM Empowerment Project

Software giant Microsoft SA has joined Vodacom as a new sponsor of the Code Like A Girl STEM empowerment initiative. This comes as the telecommunications company yesterday launched the September edition of its Code Like A Girl initiative. According to a statement from Vodacom, Microsoft SA is funding the effort

CardoO Receives $660K in Alex Angels-led Seed Round

Alexandria Angels

CardoO Receives $660K in Alex Angels-led Seed Round

CardoO, an IoT devices manufacturer has received a $660,000 in Alexandria Angels-led Seed funding round, with the participation of Sofico Investments, angel investors from Saudi Arabia, and the European Bank for Reconstruction and Development (EBRD). The Egypt-based IoT devices manufacturer plans to be the leading Arab brand that offers

Vodacom Business Africa Expands Its SD-WAN Solution To 47 Countries in Africa

Vodacom Business Africa Expands Its SD-WAN Solution To 47 Countries in Africa

Following its initial deployment to solely South African companies, Vodacom Business Africa has now made its Software-Defined Wide Area Networking (SD-WAN) solution available to 47 operating nations throughout its African footprint. Supporting the expansion of multinational corporations into Africa is Vodacom’s primary aim. The ongoing creation of creative solutions

ALL Nigerian Winners Announced AT Mara Foundation 2022 "Hack the Mara" Hackathon

ALL Nigerian Winners Announced AT Mara Foundation 2022 "Hack the Mara" Hackathon

Mara Foundation, an entrepreneurial philanthropy platform, that provides access to startups with access to international business leaders and mentors, has announced the winners of its 2022 “Hack the Mara” hackathon. Three teams were recognized and awarded. According to reports, their proposal was the most viable with the potential to promote

Spleet Secures $2.6 Million Seed to Scale Its Property Management Products in Africa

Spleet Secures $2.6 Million Seed to Scale Its Property Management Products in Africa

The problem with housing in Lagos state (Nigeria’s commercial capital and most populous city) is that when it is available, it might not affordable and sometimes it may be the other way round – or even both. Although, there’s no reliable data as to the housing deficits in Nigeria,

Why Southern Africa Needs More Startups like FlexID

Why Southern Africa Needs More Startups like FlexID

The demand for this identity verification was increased by the rapid rate of digitization. The Know Your Customer (KYC) process of identification and verification became even more necessary for public and private organizations as innovation flourished but cybercrime did not abate. According to research by the IFC and Google, Africa’

NTSA Gives 14 days Ultimatum for Taxi hailing transportation Licence

NTSA Gives 14 days Ultimatum for Taxi hailing transportation Licence

A Fourteen (14) days ultimatum has been given by the Kenyan National Transport and Safety Authority (NTSA) to all digital taxi-hailing firms operating in the country to apply for the provided licence as Transport Network Companies. Recently there was a publication by the authority that publicized the Transportation Network Companies

B.TECH, Egypt’s Largest E-Commerce Platform, Sells 34% Stake to Saudi Egyptian Investment Company

B.TECH, Egypt’s Largest E-Commerce Platform, Sells 34% Stake to Saudi Egyptian Investment Company

B.TECH, Egypt’s omnichannel retailer and consumer finance platform, has sold 34% of its stake to the Saudi Egyptian Investment Company (SEIC), a subsidiary of the Saudi Public Investment Fund, in a $150 million deal as the Saudi Public Investment Fund looks to expand in Egypt. SEIC is acquiring

Klickit Partners with EFG Hermes Corp-Solutions to Offer Education Providers Financial Solutions across Egypt

Klickit Partners with EFG Hermes Corp-Solutions to Offer Education Providers Financial Solutions across Egypt

Klickit, Egypt’s payment management and digital collection platform for education fees, and EFG Hermes Corp-Solutions, EFG Hermes Holding’s subsidiary and leasing and factoring company, have today announced that they have entered into a strategic agreement to provide education service providers with financial solutions to drive the sector’s

South African Travel Tech Startup, Conservation Club, Secures Six-Figure Pre-Seed Funding

South African Travel Tech Startup, Conservation Club, Secures Six-Figure Pre-Seed Funding

Conservation Club, a Dutch-South African startup, has formally announced the closure of $200,000 in its first capital investment round since the startup was established in May 2020. The investment was made by seasoned Dutch angel investor Annelies van der Vorm, who will also join the new company’s advisory

NNPC acquires OVH Energy, becomes leading petroleum retail product in Africa

NNPC acquires OVH Energy, becomes leading petroleum retail product in Africa

Nigerian energy marketing company with branches in Ghana and Togo, OVH Energy Limited has revealed on Saturday in a press release about its acquisition by Nigerian National Petroleum Company (NNPC) which would be merged with NNPC Retail Limited (NRL). This is aimed at “creating the leading downstream energy company in

Naspers terminates $4.7 billion deal to acquire BillDesk

Naspers terminates $4.7 billion deal to acquire BillDesk

Prosus, a Naspers-owned technology investor, has canceled its purchase agreement with BillDesk, an Indian payments platform. A deal to buy Indian digital payments company BillDesk for $4.7 billion was announced by PayU Payments Private Limited (PayU), a Prosus N.V. (Prosus) subsidiary, and BillDesk’s shareholders on August 31,

Baobab Network Invests $50,000 into 4 Early Stage Startup

Baobab Network Invests $50,000 into 4 Early Stage Startup

Kenyan-based accelerator, Baobab Network, has just revealed its latest investment in early-stage tech startups across the continent. The accelerator revealed that its latest cohort had four investees, which received Fifty thousand US dollars ($50,000)in funding each. The Baobab Network has functioned as an accelerator for startups since 2019.

MEST Selects 6 Ghanaian startups for Its 3rd Acceleration Program

MEST Selects 6 Ghanaian startups for Its 3rd Acceleration Program

Six Ghanaian startups have been selected by The Meltwater Entrepreneurial School of Technology (MEST), the startups were selected to be part of the 2022 MEST Express Accelerator experience. The selected startups include Africa Goodnest, Digital Health Access, Fluid Finance, Shaq Express, Sommalife, and Tiny Reusers. Meltwater Entrepreneurial School of Technology

Talk360 Raises Additional $3 Million To Bring About Better Global Connectivity and Pan-African Expansion

Talk360 Raises Additional $3 Million To Bring About Better Global Connectivity and Pan-African Expansion

Talk360, an app for international calls, revealed that it has received an additional $3 million in seed round funding, bringing its total seed round after its first close in May of this year to $7 million. New South African investors including Allan Gray E2 Ventures (AGEV), Kalon Venture Partners, E4E

Cryptyd Inc., Egypt’s Gaming Platform, Receives New Funding to Take its Flagship Product, Baloot Quest to the GCC

Cryptyd Inc., Egypt’s Gaming Platform, Receives New Funding to Take its Flagship Product, Baloot Quest to the GCC

Cryptyd Inc., an Egyptian-based gaming platform, has announced a new round of undisclosed funding from existing and new investors. The proceeds of the new round will be used to support marketing costs for the company’s flagship product, Baloot Quest, which targets the GCC markets. Baloot is a multiplayer synchronous

Kumulus, Tunisia’s Water Service Startup, Raises $969K Pre-Seed to Generate Solar-Powered Portable Water

Kumulus, Tunisia’s Water Service Startup, Raises $969K Pre-Seed to Generate Solar-Powered Portable Water

Kumulus Water, a Tunisian water service startup, announced a $969, 000 pre-seed funding round from Paris Techstars Accelerator, Flat6Labs, WILCO, and Bpifrance, as well as a number of business angels. In 2021, Mohamed Ali Abid and Iheb Triki founded the water service startup. Its flagship product is a machine that

Careem Partners with Khazna to Offer New Fintech Solutions to Captains

Careem Partners with Khazna to Offer New Fintech Solutions to Captains

Careem Egypt, the Middle East’s leading ride-hailing technology platform, has announced a partnership with Khazna, a financial Super App that provides simple, technology-driven financial services to Egypt’s underserved population. The agreement will provide Captains working on the Careem App in Egypt with access to all Khazna App services