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Verdant Capital Invests $10 Million Into Uganda's Fintech Watu

Verdant Capital Invests $10 Million Into Uganda's Fintech Watu

One of Uganda’s leading Fintech companies, Watu, has just received a sole investment to the tune of Ten Million Dollars ($10 Million). The investment was solely raised by The Fund, a subsidiary of Verdant Capital Hybrid Fund. Watu is a financing company that is particular about financing two-wheeled vehicles

Easy Crypto Partners Stitch to make Buying Crypto Assets Easier for South Africans

Easy Crypto Partners Stitch to make Buying Crypto Assets Easier for South Africans

In South Africa, cryptocurrencies have emerged as a desirable new asset class, giving people more access to wealth, financial freedom, and other benefits. Customers will be able to safely link a bank account to the Easy Crypto platform and instantly top up their wallets using EFT with just one click

How the Moroccan Government is Supporting Tech Startups in the Kingdom

How the Moroccan Government is Supporting Tech Startups in the Kingdom

Morocco, officially known as the Kingdom of Morocco, is North Africa’s northernmost Maghreb country. The country’s GDP is $112 billion, ranking it fifth in Africa after Nigeria, South Africa, Egypt, and Algeria. It has a GDP per capita of $3,414 and a population of 37 million people,

Facebook is Testing End-to-End Encryption as a Default on Messenger

end-to-end encryption

Facebook is Testing End-to-End Encryption as a Default on Messenger

Facebook, the media giant company in an attempt to strengthen security and respond to user privacy concerns on its Messenger, has announced that it will be turning on end-to-end encryption (E2EE) by default on its Messenger chat platform by 2023. The media conglomerate announced last week that it had begun

Nigeria's Pastel Raises $5.5Million To Expand Product Offering

Nigeria's Pastel Raises $5.5Million To Expand Product Offering

Nigerian bookkeeping startup, Pastel has just raised a Five Million-Five Hundred Thousand Dollars ($5.5Million) seed to expand the offerings of its product. Previously called Sabi Cash, Pastel was founded by Abuzar Royesh, Izunna Okonkwo, and Olamide Oladeji, in 2021. It is developed as a bookkeeping platform for merchants that

African Startups Selected for Future of Work Africa Accelerator Programme By Village Capital

African Startups Selected for Future of Work Africa Accelerator Programme By Village Capital

Village Capital in cooperation with Moody Corporation has just set in motion the second (2nd) edition of its accelerator programme dubbed Future of Work Africa. The programme has already selected about Forty-five African startups that target market-based and profit-building solutions in the employment and education sectors. The startups selected already

South African Agritech Startup, Homefarm, Secures $104k Funding from CapaciTech

South African Agritech Startup, Homefarm, Secures $104k Funding from CapaciTech

The parent company of South African Agritech startup Homefarm, PixelBlue, claims to have raised R1.7 million (about $104k) in seed funding to enable customers, communities, and enterprises to grow more of their fresh food produce on-site where it is consumed. Investment firm, CapaciTech led the round. Homefarm claims in

Flutterwave Hires 200 Graduates For 12 Months Trainee Programme To Tackle Unemployment

Flutterwave Hires 200 Graduates For 12 Months Trainee Programme To Tackle Unemployment

One of Africa’s leading financial technology companies, Flutterwave, has recently admitted about Two Hundred (200) Nigerian graduates into its graduate trainee programme, in a bid to tackle unemployment in the nation. It was reported that this development is part of the company’s mission to support the nation’s

MindZu is Revolutionizing Maths Educations for 9th Graders in a Fun Way

MindZu is Revolutionizing Maths Educations for 9th Graders in a Fun Way

Math education and learning technologies have far more potential than just making calculations faster. A closer look at the potent characteristics of an Edtech startup like MindZu can simply explain the phenomenon. Studies have revealed that students who used math programs regularly performed noticeably better on examinations than those who

Float Acquires Accounteer To Scale New Markets

Float Acquires Accounteer To Scale New Markets

Ghanian fintech, Float, has just acquired a Nigerian cloud-based accounting platform. The platform was acquired fully but the amount is still undisclosed. Float makes this acquisition eight months after it was able to secure an investment of about Seventeen Million Dollars ($17million). The fintech is a cash management startup that

Spotlighting Egypt's Direct-To-Consumer E-commerce Fast Fashion Platform, Dresscode

Spotlighting Egypt's Direct-To-Consumer E-commerce Fast Fashion Platform, Dresscode

Dresscode is an Egyptian direct-to-consumer fast fashion e-commerce platform that specializes in high-end brands and statement pieces at reasonable prices. Mohamed Abdel Dayem and Ali Zakaria founded Dresscode in 2018. Dayem comes from a family that has been involved in the textile industry since the 1920s, where he witnessed some

Kenya's Crypsense Digital Group Qualifies for Draper VeChain Web 3 Accelerator Programme

accelerator programme

Kenya's Crypsense Digital Group Qualifies for Draper VeChain Web 3 Accelerator Programme

Kenya-based digital asset development and management platform, Crypsense Digital Group, has been selected for the Draper VeChain Web 3 Accelerator Programme, with an opportunity for mentorship and assistance. Crysense Digital Group is a contrivance of the Africa Blockchain Centre, a startup at the Adanian Labs, one of the venture studios

If You Can’t Beat Them, Partner with Someone to Fight Them. Toto Consortium Bids for State’s 40% Stake in Telkom

If You Can’t Beat Them, Partner with Someone to Fight Them. Toto Consortium Bids for State’s 40% Stake in Telkom

Telkom can no longer help but trend. After receiving a merger offer from Rain on Thursday, the telecom giant is once again in the news today. This time, Investment firm Toto Consortium made an offer valued at $433 million (R7 billion) for the stake in the nation’s third-largest mobile-phone

SFS Launches Mobile App Platform To Ease Investment Activities

SFS Launches Mobile App Platform To Ease Investment Activities

One of Nigeria’s leading Investment firms, SFS Capital, is about to become tech-enabled as it launched its mobile application to help its customers and prospective continue or initiate their investment journey with ease. SFS Capital Nigeria Limited is one of Nigeria’s leading non-banking financial institutions. Launched in May

Zambian Kwacha Became the World’s Second-Best Performing Currency; What Does This Mean for Zambian Startups?

Currency Valuation

Zambian Kwacha Became the World’s Second-Best Performing Currency; What Does This Mean for Zambian Startups?

Startups used to be essentially local enterprises, producing goods and services for a network of clients and suppliers who were nearby, typically in the same city or state, and always in the same country, and sourcing supplies from them. However, globalization has given business owners a number of advantages, such

Jumia Nigeria launches Quick E-commerce Platform To Deliver Orders Within 20 minutes in Lagos

Jumia Nigeria launches Quick E-commerce Platform To Deliver Orders Within 20 minutes in Lagos

Jumia, one of Africa’s leading e-commerce platforms has announced the launching of its quick commerce outlet named Jumia Food Mart. This platform is established to satisfy the demands of its customers that have so far increased.Through Jumia Food Mart, customers can now receive their grocery orders in a

More Fiber or More 5G? Rain Looks to Cause a Merger Upset with Telkom

More Fiber or More 5G? Rain Looks to Cause a Merger Upset with Telkom

Internet service provider Rain announced earlier on Thursday that it has requested to pitch a partnership with rival Telkom to become a third major operator in the nation. A move that well poses threat to a takeover plan from MTN Group Ltd. that is now being discussed. Telkom SA SOC

Paytabs Egypt Partners with Waffarha to Introduce E-Payment

Paytabs Egypt Partners with Waffarha to Introduce E-Payment

PayTabs Egypt, the MENA region’s award-winning payment processing firm, has announced a partnership with Waffarha, a digital savings platform. The partnership aims to provide the Egyptian market with exclusive deals on a wide range of products and services at competitive prices. The products can be purchased using user-friendly online

AfCFTA Launches Digital Hub For Easy Trading Across Africa

AfCFTA Launches Digital Hub For Easy Trading Across Africa

A digital platform to ease trading activities across the African continent has just been launched by The Africa Continental Free Trade Area (AfCFTA) Secretariat. The initiative is an interconnect public utility for national, and international, intergovernmental, private and digital partnership platforms established to connect businesses for the purpose of a

Africa’s First Metaverse Venue, Sodaworld Secures International VC Funding

Africa’s First Metaverse Venue, Sodaworld Secures International VC Funding

SodaWorld, billed as the first and only Metaverse venue in Africa, has obtained initial global funding from a renowned Swiss venture capital firm. The startup enables artists to receive much-needed funding from all throughout the Metaverse. SodaWorld is only one of many international platforms that use the much-hyped Metaverse in

How GrubTech and Geidea Partnership will ensure Seamless Payment Options for Egyptian Cloud Kitchens

How GrubTech and Geidea Partnership will ensure Seamless Payment Options for Egyptian Cloud Kitchens

GrubTech, a UAE-headquartered end-to-end SaaS platform that enables its clients to digitize operations and management of online food orders and provides them with data to help streamline expenses, has announced a partnership agreement with Geidea, a Saudi-based provider of electronic payment systems and financial technologies to the banking sector, retail

Egypt's BONBELL Receives $350K in Initial Seed Funding, Targets $10M Total Seed Funding

Egypt's BONBELL Receives $350K in Initial Seed Funding, Targets $10M Total Seed Funding

BONBELL, an Egyptian foremost mobile App in the Food-tech industry that specializes in food ordering and digital solutions for table and meal reservations, has announced a $350,000 seed funding round from a Canadian Angel investor. This will help further develop the App services and achieve a level of growth

Droppa to go Global After Securing Series A Round from SkyNet

Droppa to go Global After Securing Series A Round from SkyNet

Droppa Group, a provider of fleet and courier e-services, has finalized a Series A funding round with global logistics leader, SkyNet Worldwide Express, expanding its stake in Droppa. With Droppa, popularly known as the “Uber for bakeries,” consumers and companies may order a truck or van for multi-purpose logistics anywhere

South Africa’s DataProphet raises $10M to scale AI as a service

South Africa’s DataProphet raises $10M to scale AI as a service

A $10M Series A round of funding round has now been completed by DataProphet, a South African firm that provides software for AI to the manufacturing sector. Knife Capital took the lead in the Series A round. IDC of South Africa and Norican, one of the biggest manufacturers of metal