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Cameroonian Startup, Mungenow Launches a Verified Guest House-Booking Platform
Business

Cameroonian Startup, Mungenow Launches a Verified Guest House-Booking Platform

Mungenow Technologies, a Cameroonian-based startup, has launched a guest house-booking platform with listings across the Cameroonian cities of Buea, Limbe, Douala, Yaounde, and Kribi, to connect travelers across Cameroon’s major cities and eventually the rest of Africa to find verified, affordable and reliable accommodation during their trip, as well
Sep 16, 2022 2 min read
GroDesto, Algerian Logistics Platform, Raises $1.4M via a Public Offering to Scale
Algerian

GroDesto, Algerian Logistics Platform, Raises $1.4M via a Public Offering to Scale

GroDesto, an Algerian-based logistics platform has announced its successful raising of $1.4 million through a public offering from 106 frugal subscribers spread throughout the country to become a joint stock company. The startup will use the funds to finance its logistics distribution platform, which consists of a mobile application
Sep 16, 2022 2 min read
SafeSenda Launches Easy-To-Use Crypto Conversion App
Business

SafeSenda Launches Easy-To-Use Crypto Conversion App

SafeSenda, a Nigerian startup has launched a mobile application that eases the ability to manage, convert exchange, settle and spend cryptocurrencies and even hold it in a naira bank account. Co-founded in early 2022, by Ikechukwu Ukaegbu and Nkechi Iyke-Ukaegbu the launched app makes managing and converting digital assets (crypto)
Sep 16, 2022 1 min read
Kotani Pay, Korix, 8 Other Ventures To Pitch At Africa Money And Defi Summit

Kotani Pay, Korix, 8 Other Ventures To Pitch At Africa Money And Defi Summit

As the Africa Money and Defi Summit will be coming up on the 27th-28th of September 2022, in Accra Ghana, Kotani Pay,  KORIX and eight other African ventures have chosen to pitch their innovations live on stage. The event will have the presence of top fintechs, crypto platforms, investors, and
Sep 16, 2022 2 min read
Ghanian Health-tech, mPharma Buyout Nigerian Pharmacy Chain, HealthPlus
Business

Ghanian Health-tech, mPharma Buyout Nigerian Pharmacy Chain, HealthPlus

Ghanian Health-tech startup, mPharma, has acquired one of Nigeria’s largest pharmacy chains, HealthPlus. This development was revealed by mPharma’s Co-founder and CEO, Gregory Rockson, in an interview with Journalists. mPharma is one of Africa’s leading health-tech. mPharma had gone into contract with HealthPlus previous investor, Alta Semper,
Sep 16, 2022 1 min read
Rain Announce Plans to Launch Mobile 5G by 2023
Business

Rain Announce Plans to Launch Mobile 5G by 2023

In the upcoming year, Rain intends to release a mobile 5G solution, according to Johan van Zyl, co-CEO of shareholder African Rainbow Capital (ARC). During an interview with MyBroadband, Van Zyl also revealed further information regarding Rain’s aspirations to expand its fixed 4G and 5G capabilities. He clarified that
Sep 16, 2022 2 min read
Grindstone and EnterpriseSG team up to bring Singapore Startups to South Africa

Grindstone and EnterpriseSG team up to bring Singapore Startups to South Africa

Partnering with Enterprise Singapore (EnterpriseSG), South African-based accelerator Grindstone has launched a pilot initiative that may allow Singaporean tech start-ups access to the South African market. According to a press statement obtained by TechCabal, the program will be administered by the Global Innovation Alliance (GIA), a network of Singapore and
Sep 16, 2022 1 min read
Uber, Bolt among other ride-hailing companies face strict regulations in Kenya
Bolt

Uber, Bolt among other ride-hailing companies face strict regulations in Kenya

Kenya National Transport and Safety Commission (NTSA) has embarked on the move to enforce its 18% commission cap on ride-hailing companies – Bolt, Uber and Little – in the country. According to Uber, the company cannot agree with the stipulated commission because it is 7% lesser than its current charge of 25%
Sep 15, 2022 2 min read
Ethiopian Government Launches Venture Meda Project To Support Startups

Ethiopian Government Launches Venture Meda Project To Support Startups

Venture Meda a five-year program has been launched by the the Ethiopian Ministry of Innovation and Technology (MInT) in collaboration with the Mastercard Foundation and Iceaddis. The aim of the program is to increase job creation in the nation, therefore supporting startups with funding and a growth guide. Officially the
Sep 15, 2022 1 min read
MTN's MoMo to pay customers UGX 5.7 billion
Business

MTN's MoMo to pay customers UGX 5.7 billion

Mobile Telecommunication Company MTN’s subsidiary, MoMo Uganda, a mobile money platform has scheduled to pay its Ugandan customers UGX 5.7 million ($1,496.95) for the second quarter (April to June) of 2022. Following the enactment of the National Payment Systems (NPS) Act, 2020, MTN Uganda’s telco
Sep 15, 2022 2 min read
KoinKoin exceeds $40m, plans global expansion
Africa digital economy

KoinKoin exceeds $40m, plans global expansion

Africa’s digital assets exchange company, KoinKoin has revealed its plan for global expansion after it exceeded $40 million revenue in over-the-counter (OTC) transactions. The fintech company launched in 2017 by Ola Atose enables users to buy, sell and transfer digital assets round-the-clock across Africa, Southeast Asia and Western Europe
Sep 15, 2022 1 min read
As the Ethereum Merge Complete, We Torchlight What it means for African Users
Crypto

As the Ethereum Merge Complete, We Torchlight What it means for African Users

The Ethereum Blockchain, the second-largest cryptocurrency behind bitcoin, is set to start undergoing a significant update. Known as the “merge,” Ethereum is converting to proof of stake, a more energy-efficient technique of authenticating platform transactions. According to Greg King, founder and CEO of Osprey Funds, the update is comparable to
Sep 15, 2022 2 min read
Baaz, Arab Foremost Social Media Platform Launches in Egypt
Arab social media platform

Baaz, Arab Foremost Social Media Platform Launches in Egypt

Baaz, the pioneer Arab social media platform, has announced its official launch in the Egyptian market, to create the largest gathering of Arab communities on the Internet – providing a safe space for the Arab world to embrace their culture and encouraging individuals to build connections and engage in meaningful, purposeful
Sep 15, 2022 2 min read
MVP Match, a Tech Talent Marketplace, Secures $5M Seed Funding to Build New Hubs in Africa and Europe
Business

MVP Match, a Tech Talent Marketplace, Secures $5M Seed Funding to Build New Hubs in Africa and Europe

MVP Match, a German-based tech talent marketplace, has secured $5 million in seed funding from Stage 2 Capital to expand its strategy of connecting companies with talent from around the world. The startup will use the funds to establish new hubs in Africa and Europe, expand its team, and re-launch
Sep 15, 2022 2 min read
Flutterwave adopts eNaira as payment option in Nigeria
Business

Flutterwave adopts eNaira as payment option in Nigeria

Africa’s leading fintech company, Flutterwave has announced the adoption of eNaira, Nigeria’s digital currency as part of its payment option asides cards, bank transfers, Barter by Flutterwave, etc — for merchants. The eNaira noted to be the first digital currency in Africa was launched on October 25 2021 as
Sep 15, 2022 1 min read
Meta to start testing Community Chats in Messenger and Facebook Groups

Meta to start testing Community Chats in Messenger and Facebook Groups

The option to initiate Community Chats directly in Messenger will soon be tested by Meta, and in the ensuing weeks, more Facebook Groups will be added to the chat experience. Through Community Chats, users can communicate with their communities on Facebook and Messenger in real time about the issues that
Sep 15, 2022 2 min read
How To Handle Mental Stress In Nigerian Tech Ecosystem
Awearness

How To Handle Mental Stress In Nigerian Tech Ecosystem

Tough love has always been the thing in Nigeria, a country with so much diversity, Three hundred and Seventy-one (371)  tribes to be precise, possess so many differences, yet there are a few attributes that also make them appear similar and one of them is the tough love culture. It’
Sep 15, 2022 4 min read
ECC Group Acquires Majority Stake in Source Beauty, Egypt’s Leading Beauty E-Commerce Startup
beauty and personal care startups

ECC Group Acquires Majority Stake in Source Beauty, Egypt’s Leading Beauty E-Commerce Startup

ECC Group, Egypt’s leading beauty and personal care manufacturer, has acquired a majority stake in Source Beauty, Egypt’s foremost beauty startup. The deal provides a significant opportunity for Source Beauty’s clients to benefit from enhanced services such as new product innovation and manufacturing know-how, among other things.
Sep 15, 2022 2 min read
Brazilian Unicorn, EBANX, set to Compete its Entry into Kenya, Nigeria, and South Africa
Fintech

Brazilian Unicorn, EBANX, set to Compete its Entry into Kenya, Nigeria, and South Africa

EBANX, a major player in Brazilian payments, announced that it was entering Africa and would begin with Nigeria, Kenya, and South Africa. EBANX says it is prepared to take on the globe by entering new markets after nearly ten years of operation in Latin America. According to EBANX, Africa will
Sep 15, 2022 2 min read
Nigerian Biola Alabi Joins Cairo Angels Syndicate Fund as Venture Partner
Biola Alabi

Nigerian Biola Alabi Joins Cairo Angels Syndicate Fund as Venture Partner

Biola Alabi, a Nigerian angel investor is joining Cairo Angels Syndicate Fund (CASF), a micro venture capital fund that invests in early-stage startups in the Middle East and Africa, as a Venture Partner. Biola will join the team effective immediately and take the lead on origination, investments, portfolio management, and
Sep 14, 2022 1 min read
NetcarePlus GapCare Launches to Offer Wider Choice of Healthcare
Health Insurance

NetcarePlus GapCare Launches to Offer Wider Choice of Healthcare

NetcarePlus has launched NetcarePlus GapCare in an effort to provide superior healthcare and insurance services to people as and when needed, either for themselves or someone else. The fact that GapCare offers coverage for emergency room costs that are not just related to accidents, additional cover for daily expenses when
Sep 14, 2022 2 min read
SafeBoda launches new product to compete with existing ride-hailing companies
Business

SafeBoda launches new product to compete with existing ride-hailing companies

SafeBoda has launched its new product, SafeCar, its ride-hailing service in Uganda and Nigeria. The product now serves as a competitor to existing taxi ride-hailing companies such as Uber, Little and Bolt in Nigeria and Uganda markets. Launched in 2017 in Uganda as its first market and first ride-hailing company
Sep 14, 2022 2 min read
OPPO to Establish $20M Mobile Phone Manufacturing Plant in Egypt 
Business

OPPO to Establish $20M Mobile Phone Manufacturing Plant in Egypt 

OPPO, a leading Chinese mobile phone manufacturer, has signed a Memorandum of Understanding with the Egyptian Information Technology Industry Development Agency (ITIDA) to establish a $20 million mobile phone plant in Egypt. The MoU, which was signed in the presence of Egyptian Prime Minister, Moustafa Madbouly, stated that the plant’
Sep 14, 2022 1 min read
M-Kopa Unlocks $600M For Unbanked Customers
Business

M-Kopa Unlocks $600M For Unbanked Customers

M-KOPA, a Kenyan-based asset financing firm and financial technology platform has revealed that it had unlocked tangible amount to cater for unbanked customers. Being an organization that is driven by its mission to grow, and commitment to its social and commercial goal, M-KOPA has evidently put in a lot of
Sep 14, 2022 2 min read
Janngo Capital’s first close of €60m fund to support African women
Africa

Janngo Capital’s first close of €60m fund to support African women

Pan-African Venture Capital (VC) company, Janngo Capital Startup Fund (JCSF), second investment vehicle of the management company has announced the first close of its €60m ($63 million) capital commitments at €34m ($36 million). This was after VC Investor, Founder & Executive Chair of Janngo Capital, Fatoumata Ba announced in 2019
Sep 14, 2022 3 min read
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