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Torch-lighting the Post-Pandemic Drop in Healthtech Funding in Africa

Torch-lighting the Post-Pandemic Drop in Healthtech Funding in Africa

Despite accounting for 25% of the world’s disease burden in 2017, data from the World Health Organization (WHO) reveals that Africa only accounts for less than 1% of global health expenditures. It gets worse: other continents have produced over 98% of the medicine that the continent promotes and distributes

Ecobank Nigeria Opens Application For Fintech Challenge 5th Edition

Ecobank Nigeria Opens Application For Fintech Challenge 5th Edition

Ecobank Nigeria, a commercial bank in the West African country, has launched the fintech challenge, fifth edition, and it is opening the doors of the competition to fintech founders in Africa. Through this competition, both matured and early-stage fintech companies stand the chance to go home with Fifty thousand US

Huawei launches full range of FusionSolar Smart PV and ESS solutions for Africans

Huawei launches full range of FusionSolar Smart PV and ESS solutions for Africans

At the Solar Show Africa 2022, Huawei Digital Power this week introduced its complete line of FusionSolar Smart PV and Energy Storage System (ESS) solutions to the Sub-Saharan African market. With a long-term output of 4.51 kWh/kWp per day, Africa is the region with the greatest potential for

SpaceX and T-Mobile team up to use Starlink satellites

SpaceX and T-Mobile team up to use Starlink satellites

In order to provide wireless phone service in distant areas of the US where coverage is patchy, T-Mobile US Inc. has partnered with Elon Musk’s SpaceX. The alliance was unveiled by Musk and Mike Sievert, the CEO of T-Mobile, at a gathering on Thursday night at SpaceX’s Starbase

Cashew, a UAE-based BNPL Platform Raises $10M from Mashreq Bank to Expand into Egypt, Gulf Markets

Cashew, a UAE-based BNPL Platform Raises $10M from Mashreq Bank to Expand into Egypt, Gulf Markets

Cashew Payments, a buy-now-pay-later (BNPL) platform based in the United Arab Emirates, has secured a $10 million investment and a strategic partnership with Dubai-based Mashreq Bank to expand its service to Egypt and the entire gulf region, as first reported by The Media Line. Buy now, pay later is an

Edo State, Nigeria Set Up Innovation Hub

Edo State, Nigeria Set Up Innovation Hub

In a bid to enhance Nigeria’s and most especially Edo’s state ecosystem, the Edo state government has established a digital innovation hub that is focused on agriculture. This hub will facilitate digital conversion and development in the state’s agricultural innovation ecosystem. The state’s Skills Development Agency

Zeew, an Egyptian B2B SaaS Platform, Secures $630K Seed Funding to Scale

Plug and Play Ventures

Zeew, an Egyptian B2B SaaS Platform, Secures $630K Seed Funding to Scale

Zeew, Egypt’s B2B SaaS startup, has secured $630,000 in seed funding from Plug and Play Ventures, Poland Prize, and a group of angel investors to expand its team and serve more customers globally. This is the startup’s first funding after securing $170,000 in 2021. Its total

eThekwini Announces Chemicals Accelerator Program for Manufacturing Startups

eThekwini Announces Chemicals Accelerator Program for Manufacturing Startups

eThekwini Municipality— a municipality found in the South African province of KwaZulu-Natal, has announced that start-ups can join its chemicals accelerator program. eThekwini is a major city in KwaZulu-Natal province and the third largest in the nation, with over 3 million residents. Because of the city’s warm subtropical climate

Roam Launches Kenya's First Electric Mass Transit Bus

Roam Launches Kenya's First Electric Mass Transit Bus

Roam, a Kenyan-based electric vehicle company had launched its electric mass transit bus. This is one of its latest designs. The vehicle is built to create a solution to the challenges faced in the Kenyan public transportation sector and possibly the whole of Africa. Recently Roam had announced that it

Talabat Partners with Spinneys to Ensure Seamless Delivery of Goods to its Customers

Talabat Partners with Spinneys to Ensure Seamless Delivery of Goods to its Customers

Talabat, MENA’s leading food ordering and delivery startup owned by Delivery Hero, has announced a partnership with Spinneys, a multinational supermarket chain, to bring thousands of daily grocery and household items closer to their customers. “At Talabat, we work continuously to enhance our product categories and better meet our

WiSolar Launches Hybrid Prepaid Solar Platform,WiGo, In Nigeria and South Africa

WiSolar Launches Hybrid Prepaid Solar Platform,WiGo, In Nigeria and South Africa

WiSolar, a renewable resource company based in South Africa, has launched its amalgam mobile application for both Andriod and iOS users dubbed WiGo. The mobile app that functions as a prepaid solar electricity application was launched both for Nigerian and South African users. The prepaid solar electricity applications are hybrid-built

Algerian Start-up Fund and Other Stakeholders Agree to Support Startups in the Various Provinces with $411M

Algerian Start-up Fund and Other Stakeholders Agree to Support Startups in the Various Provinces with $411M

Algerian Startup Fund, (ASF) has signed an agreement with the Algerian General Directorate of the Treasury and the accountant general’s office for the exploitation of the country’s regional (wilaya) investment funds, which have a combined value of about $411 million, for the benefit of young entrepreneurs across all

The Ouut Spotlights Medtech Africa, Nigerian Health-tech With Focus On Non-Communicable Diseases

Artificial Intelligence

The Ouut Spotlights Medtech Africa, Nigerian Health-tech With Focus On Non-Communicable Diseases

When American athlete and swimmer, Michael Phelps said, “The problem with heart disease is that the first symptom is often fatal,” he definitely knew that the heart would function till it can’t have it anymore, with no complaints, no notice, no symptoms till it is about to give up.

SubsBase Closes $2.4M Seed Round to Accelerate Product Development and Expand Across MENA

Global Ventures

SubsBase Closes $2.4M Seed Round to Accelerate Product Development and Expand Across MENA

SubsBase, an Egyptian-based subscription, and recurring revenue management platform, has today announced the closed of a $2.4 million Seed round led by Global Ventures, a leading MEA-focused venture capital firm to accelerate product development and support the expansion strategy across MENA. Other investors who participated in Egypt’s foremost

South Africa’s MiX Telematics to Acquire Trimble’s Field Service Management Business

South Africa’s MiX Telematics to Acquire Trimble’s Field Service Management Business

The Field Service Management (FSM) division of Trimble will be acquired by MiX Telematics, a South African-based SaaS supplier of connected fleet and mobile asset management solutions. The transaction is subject to standard closing conditions, with Raymond James serving as MiX Telematics’ financial advisor. Stefan Joselowitz, Chief Executive Officer and

Unlimint Launches Banking as a Service API Solution, Unlimint Banking and Cards

Unlimint Launches Banking as a Service API Solution, Unlimint Banking and Cards

Unlimint, an internationally recognized Fintech company with offices on five continents has announced the launch of its Banking as a Service (BaaS) product, Unlimint Banking and Cards (UBC). The Fintech provides startups and companies with advanced payment capabilities through a developing financial interface. Unlimint Banking and Cards is a customizable,

Pick n Pay Selects AWS as Its Strategic Cloud Provider as it Migrates IT infrastructure

Pick n Pay Selects AWS as Its Strategic Cloud Provider as it Migrates IT infrastructure

Pick n Pay has switched over all of its on-premises IT infrastructure to Amazon Web Services (AWS). To complete the move and establish a contemporary SAP HANA platform, the store collaborated with Lemongrass Consulting, an AWS premium consulting partner with migration and SAP consulting expertise. Eamonn O’Neill, chief technology

OBM, Egypt's Edtech Startup Receives Second Round of Investment from EdVentures for Expansion

OBM, Egypt's Edtech Startup Receives Second Round of Investment from EdVentures for Expansion

OBM Education, an Egyptian edtech startup, that provides career development navigation tools for high school and university students has received a six-figure investment from EdVentures in its second round of funding to expand and launch its new application. This is a follow-up investment on the edtech startup from EdVentures, having

Cellulant Zambia Partners Retail brand, LC Waikiki to Provide Cellulant Tingg Payment Platform

To allow customers to make payments from any LC Waikiki store throughout Zambia using the Cellulant Tingg digital payment platform, Cellulant Zambia and the well-known fashion retailer LC Waikiki have entered into a collaboration arrangement. Customers of LC Waikiki will now be able to pay conveniently via mobile money in

What Africans Can Expect from Crypto Fest 2022 in Cape Town

What Africans Can Expect from Crypto Fest 2022 in Cape Town

The popular Crypto Fest will return for its fourth iteration on September 30, 2022, and for the first time as a hybrid event that will take place both physically in Cape Town, South Africa, and online (via live-stream). The SA Innovation Summit— the largest startup event in Africa, which will

Accelerate TV Launches Video Streaming Application Dubbed Accelerate Plus

Accelerate TV Launches Video Streaming Application Dubbed Accelerate Plus

Lagos-based digital television, Accelerate TV, has launched its video-on-demand streaming platform, Accelerate Plus, to provide viewers with entertainment content without being restricted to time or location, yet promised to be affordable. The streaming platform is created to be the pacesetter in evolving the African storytelling narrative. The platform is also

Sympl, Egypt’s Deferred Payment Platform, Partners with CFC to Offer its Customers BNPL Payment Solutions

Sympl, Egypt’s Deferred Payment Platform, Partners with CFC to Offer its Customers BNPL Payment Solutions

Sympl, Egypt’s foremost “Save Your Money Pay Later” platform for bank card holders, is partnering with the Cairo Festival City Mall (CFCM), Egypt’s leading shopping, dining, and entertainment destination, to offer its customers a Buy-Now-Pay-Later (BNPL) payment solution. Customers will be able to shop now and pay later

Zywa, a YC-backed Neobank for Gen Z, Gets $3M for Expansion Across MENA

Zywa, a YC-backed Neobank for Gen Z, Gets $3M for Expansion Across MENA

Zywa, a Dubai-based Y Combinator-backed neobank for Gen Z, has received a $3 million pre-seed investment to expand into the Middle East and North Africa. Goodwater Capital, Dubai Future District Fund, Rebel Fund, Trampoline Venture Partners, Zemu VC, as well as some prominent European family offices, and strategic angel investors

Egypt's Adtech Startup, ArabyAds Secures $30M in Pre-Series B to Expand into New Markets

Egypt's Adtech Startup, ArabyAds Secures $30M in Pre-Series B to Expand into New Markets

ArabyAds, an Egyptian adtech startup, secured $30 million in a pre-Series B funding round led by AfricInvest to expand into new regional and international markets. The AdTech startup will use the funds to expand its footprint into new markets in north and Sub-Saharan Africa, further accelerate its technological advancement and

Nigerian Startup Sabi Expands To South Africa To Tap Into Informal Economy

Nigerian Startup Sabi Expands To South Africa To Tap Into Informal Economy

Nigeria’s e-commerce startup, Sabi, an unbiased business-to-business (B2B) platform has reportedly opened an office for its operation in the southern region of the continent. It is reported that the office was launched in Johannesburg, South Africa, the office was open with intentions to tap into the nation’s Nine