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Mdundo Surpasses Projected Streaming Target For Year 2022

Mdundo Surpasses Projected Streaming Target For Year 2022

Kenya-based music streaming platform, Mdundo, has announced that it has surpassed its targeted listenership for the year 2022. This it made none when it disclosed that it now has 20.3 million active users monthly as of June 2022. Mdundo had a target of between 19 to 20 million users

Kenya's FaidiHR Receives Undisclosed Amount Of Funding

Kenya's FaidiHR Receives Undisclosed Amount Of Funding

One of Kenya’s fintech startups, FaidiHR, has received investments in form of funding from SprintX, a Venture capitalist established in the US. Faidi is a startup that deals with payroll services, the startup has recently changed its name from Crew HR & Payroll to FaidiHR as a result of

TymeBank Chases Business Banking Market Share with Purchase of Retail Capital

TymeBank Chases Business Banking Market Share with Purchase of Retail Capital

The fintech startup Retail Capital, which finances South African Small and Micro Enterprises (SMEs), has been purchased by South African digital bank TymeBank for an undisclosed sum. The transaction is pending regulatory approval. Retail Capital which provides simplified funding for SMEs asserts that in the previous ten years, it has

The Sudanese Tech Startup Ecosystem: Bloom in Focus

The Sudanese Tech Startup Ecosystem: Bloom in Focus

Sudan, with a population of nearly 45 million people, is one of Africa’s ten most populous countries, with enormous economic potential. It has an abundance of natural resources, including oil and gold, a tenth of the world’s unused arable land, and access to Africa’s rapidly growing markets

So much Binance Irregularities: How much more can Nigerians and Africans Take?

So much Binance Irregularities: How much more can Nigerians and Africans Take?

Nigerians and users from other African countries have in recent times severally recounted their negative experience while trading with Binance. Reports suggests that they were denied access to their wallets (accounts) for no discernible reason, citing Binance irregularities. According to several, they discovered large anomalies in their wallets, which led

YC Reduces Summer 2022 Cohort Size by 40% Due to Economic Downturn

YC Reduces Summer 2022 Cohort Size by 40% Due to Economic Downturn

Y Combinator, an American-based global technology startup accelerator has reduced the number of startups within its accelerator for the summer 2022 batch from 414 in its previous cohort to 250, which represents a 40% reduction. According to The Information, this was due to the current economic downturn and the recent

Theconnecthead; Connecting Talents Via Tech

Theconnecthead; Connecting Talents Via Tech

How music makes you feel is exactly what makes it important. Listening to Jimmy Cliff’s “I can see clearly now” just after the rain is gone while inhaling the clear air, and looking at the blue sky can definitely make you feel refreshed. Or listening to “Eyo”, by our

African Startups Can Benefit from Tholoana Enterprise Programme

African Startups Can Benefit from Tholoana Enterprise Programme

The SAB Foundation has issued a call for applications for its Tholoana Enterprise Programme, which is looking for growth-oriented business owners committed to reaching new heights of achievement. The SAB Foundation’s goal in fostering entrepreneurship is to make funding and support for company growth available to entrepreneurs so they

What African Startups Can Achieve from the GoGetta Equity-based Crowdfunding Platform

What African Startups Can Achieve from the GoGetta Equity-based Crowdfunding Platform

Angel and Venture Capital investors from South Africa and beyond can now choose from vetted prospects to make rapid, secure investments of R1000 (approximately $60) or more to acquire shares in a variety of African businesses. The digital crowdfunding platform, GoGetta makes this possible in order to help early-stage African

Youverify Raises $1million In Seed Round Extension

Youverify Raises $1million In Seed Round Extension

Nigerian identity verification company, Youverify, has announced its success of raising One million US dollars ($ 1 million) in seed round extension, the startup had previously raised One million, Five hundred Thousand US dollars ($1.5 million), which brings the total seed raised to Two million, Five hundred thousand US dollars

SWVL Terminates $100M Acquisition of U.K’s Zeelo: The Spotlight On Both Mobility Firms and their Plans Going Forward

SWVL Terminates $100M Acquisition of U.K’s Zeelo: The Spotlight On Both Mobility Firms and their Plans Going Forward

Swvl, an Egyptian-born startup that provides shared mobility services for intercity and intra-city trips, has terminated its acquisition deal with Zeloo, a UK-based B2B smart bus operator, according to a statement issued by the company on Friday. The Dubai-based company went public through a SPAC in April of this year

Kenyan Insurtech, Lami Secures $3.7 million Seed For Extension

Kenyan Insurtech, Lami Secures $3.7 million Seed For Extension

Kenyan insurtech, Lami Technologies, has secured a seed round to the tune of Three million Seven Hundred Thousand US dollars ($3.7 million) this was made known during an interview with journalists. Lami Technologies launched its first product in 2020, intending to increase insurance access in Kenya and to Kenyans

Digital Realty Completes Acquisition of Teraco

Digital Realty Completes Acquisition of Teraco

According to Teraco Data Environments, the previously announced deal by Digital Realty to buy a majority stake in the business from a group of investors that included Berkshire Partners and Permira has been successfully completed. Digital Realty is the largest global provider of cloud and carrier-neutral data centre, colocation and

Techstars To Invest In 36 Nigerian Startups Within The Next 3 years

Techstars To Invest In 36 Nigerian Startups Within The Next 3 years

Techstars, an international investment business, is preparing to help about Thirty-six (36) Nigerian startups within the next 3 years, it is currently taking applications as concerned startups are encouraged to apply before the 24th of August. Techstars has helped several startups grow worldwide, investing in about 20 Nigerian startups already,

Not the Best July For Flutterwave

Not the Best July For Flutterwave

There is no doubt that Flutterwave has experienced the dry weather that comes along with July in Kenya. In July, the Kenyan weather is probably not harsh but not cool either, the rain is over and the Kenyan safari feeling takes over. This is the kind of weather tourists love,

Homzmart, Egypt’s Furniture and Home Supplies Marketplace, Secures $23M Pre-Series B Round

Homzmart, Egypt’s Furniture and Home Supplies Marketplace, Secures $23M Pre-Series B Round

Homzmart, Egypt’s furniture, and home supplies marketplace has secured a $23 million pre-Series B round to continue its market expansion and product development as well as improve its logistics operations, according to the company’s co-founder and CEO, Mahmoud Ibrahim in an interview. The pre-series B funding round welcomed

Egypt's VC, Openner Launches Web3-focused Qurious Labs

Egypt's VC, Openner Launches Web3-focused Qurious Labs

Openner, an Egyptian venture capital firm, has launched Qurious Labs, a Web3-focused venture studio, to assist in market development and access to the global technology, talent, and capital pool. Qurious Labs is the MENA market’s first Web3-focused Venture Studio model. This model will assist entrepreneurs in the Middle East

Nedbank to See South Africa Green Energy Loans Jump to $3 Billion

Nedbank to See South Africa Green Energy Loans Jump to $3 Billion

To solidify its position as the market leader in financing renewable power projects, Nedbank Group plans to nearly treble the amount of money it lends to green energy projects in South Africa over the next two years. According to chief executive officer Mike Brown, the bank’s lending to the

Oui Capital, an African-focused Early-Stage VC Firm Closes its $30M Second Fund

D Global Ventures

Oui Capital, an African-focused Early-Stage VC Firm Closes its $30M Second Fund

Oui Capital, a pan-African venture capital firm based in Lagos and Massachusetts, has announced the completion of the first closing of its $30 million second fund, dubbed Oui Capital Mentors Fund II, as it seeks to strengthen its presence on the continent. Individual and venture capital investors participated in the

Auto Repair Platform, Michanic raises $400k in Debt Financing from MultiChoice Innovation Fund

Auto Repair Platform, Michanic raises $400k in Debt Financing from MultiChoice Innovation Fund

South African auto servicing and repair platform, Michanic, has received a loan from the MultiChoice Innovation Fund for $400k so that it may keep developing its technology and hasten its expansion across the country. In contrast to dealerships and independent garages, consumers of Michanic can get rapid service and repair

South African Agritech Startup, Aerobotics, Launches Aeroview Platform for Farmers

South African Agritech Startup, Aerobotics, Launches Aeroview Platform for Farmers

A new yield management platform has been made available by South African Agritech startup Aerobotics, giving growers tools to monitor, control, and safeguard their harvests. Aerobotics, a company founded in 2014, combines overhead imagery from drones and satellites along with machine learning algorithms to help tree and wine producers identify

Zedcrest Launches $10M Knight Fund for African Startups in Response to Funding Drought

Zedcrest Launches $10M Knight Fund for African Startups in Response to Funding Drought

Zedcrest Capital, an African venture capital firm that invests in debt and equity capital markets and has recently made inroads into venture investments, has today announced the launched of a $10 million fund for pre-Series A stage startups in Africa. The “Knight Fund” is a type of emergency fund. It

Paratus Namibia Announces Launch of Armada Datacentre

Paratus Namibia Announces Launch of Armada Datacentre

Africa is a desirable location for large cloud operators because to the region’s growing demand from banks and telecoms for quicker processing. Africa has seen an increase in Cloud’s footprint during the last two years. To meet anticipated increasing demands as businesses migrate to the cloud and go

Kenyan Technology Players Organize Digital Talent Program For Youths

Kenyan Technology Players Organize Digital Talent Program For Youths

Major players in the Kenyan technology sector have come together to launch a Digital Talent Program directed at improving digital skills within the market by embarking on a sustainable approach to help develop thriving digital talent. The DTP is intended to train about One thousand participants in its maiden edition

Fast Ride Launches As Nigeria's First E-hailing Company

Fast Ride Launches As Nigeria's First E-hailing Company

The first indigenous e-hailing company in Nigeria has launched. Fast Ride Limited, the initiator Fast Ride App, is determined to provide Nigerians with an tool for easy transportation and logistics. Fast Ride has formally began operation with its mobile application the “Fast Ride”. In attendance of the launching, notable companies