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Press Release

A collection of 81 posts

Bboxx, a UK Energy Firm Relocates its Global HQ to Rwanda to Further Expand in Africa

Bboxx, a UK Energy Firm Relocates its Global HQ to Rwanda to Further Expand in Africa

Saudi edtech iStoria raises $1.3 million in seed round

Saudi edtech iStoria raises $1.3 million in seed round

iStoria, a specialized application for teaching the English language, is thrilled to announce the successful completion of its Seed investment round, securing a total of 5 million Saudi riyals in funding. This milestone was achieved with the support and participation of notable investors including Nama Ventures، Classera, Flat6Labs, BIM Ventures,

Paymob Partners with Mastercard to Accelerate Digital Payment Acceptance in MENA

Paymob Partners with Mastercard to Accelerate Digital Payment Acceptance in MENA

Interswitch Partners with Opay to Enhance the Digital Payment Experience Across Africa

Interswitch Partners with Opay to Enhance the Digital Payment Experience Across Africa

Tameed Platform Closes Series A Funding Round of SAR 56.75 Million (USD 15 Million) Led by Alromaih Investment Group

Tameed Platform Closes Series A Funding Round of SAR 56.75 Million (USD 15 Million) Led by Alromaih Investment Group

Tameed is a digital lending platform, founded in 2019 by Mohammed Al Alshaikh and Mohammed Alomayyer. The startup offers Shariah-compliant government purchase order financing for SMEs in Saudi Arabia. Tameed Raises 56.75M SAR (USD 15M) in Series A Funding round lead by Alromaih Group Highlighting investors’ trust, Tameed Digital

Egyptian Edtech Startup iSchool Raises $4.5M for Global Expansion

Egyptian Edtech Startup iSchool Raises $4.5M for Global Expansion

Rwandan Electric Transport Company Ampersand Raises $19.5M in Equity Funding to Scale its Operations

Rwandan Electric Transport Company Ampersand Raises $19.5M in Equity Funding to Scale its Operations

AFEX Launches FETC Product on New Digital Trading Platform

AFEX Launches FETC Product on New Digital Trading Platform

Deimos Launches a Groundbreaking Infrastructure-as-a-Service Platform to Transform Business Operations in Africa

Deimos Launches a Groundbreaking Infrastructure-as-a-Service Platform to Transform Business Operations in Africa

Konnect Emerges as the Sole Tunisian Fintech Selected for the Visa Accelerator Program in Africa

Konnect Emerges as the Sole Tunisian Fintech Selected for the Visa Accelerator Program in Africa

Indian Energy Solutions Brand Luminous Power Partners Hudaco Energy to Expand into South Africa

Luminous Power Technologies, a leading energy solutions company and a 100% subsidiary of Schneider Electric, is making significant strides to transform the global energy landscape by entering the South African market through a strategic partnership with Hudaco Energy, the leading country distributor and a group company of Hudaco Industries Ltd.

UAE Proptech Keyper Raises $6.5 Million Seed Round

UAE Proptech Keyper Raises $6.5 Million Seed Round

Digital real estate investment management platform, Keyper, based in the UAE, today announced the successful completion of its seed funding round, raising $6.5 million. The round was led by Access Bridge and Vivium Holdings. Other participants include venture Capital firm MEVP, renowned tech investor Jabbar Internet Group, key players

Wellington Management Announces Close of Wellington Venture Investments I

Wellington Management Announces Close of Wellington Venture Investments I

Wellington Management (“Wellington” or “the Firm”), one of the world’s largest independent investment management firms, today announced the final close of its early-stage venture fund, Wellington Venture Investments I (“WVI” or “the Fund”), with US$150 million in commitments. The Fund invests in early-stage companies in large and growing

Tech Talent Platform Andela Unveils AI-powered Hiring Solution

Tech Talent Platform Andela Unveils AI-powered Hiring Solution

Global talent marketplace Andela has announced the Andela Talent Cloud, an integrated, end-to-end platform that pairs technologists with companies in emerging markets seeking to bolster capacity and skill sets. The platform streamlines the complete hiring lifecycle, helping companies source, qualify, hire, manage, and pay global technologists in one integrated platform.

Strathmore University and ILab Africa to Host Second Edition of GDSAI Summit

Strathmore University

Strathmore University and ILab Africa to Host Second Edition of GDSAI Summit

Strathmore University and ILab Africa are set to host the second edition of the Global Data Science and Artificial Intelligence Summit (GDSAI) in Nairobi on November 9th –10th. The summit titled ‘Unlocking the Power of Big Data and Artificial Intelligence’, will delve on topics such as Agritech, Artificial Intelligence, Business,

Jordanian Startup, Capifly Raises $1 Million Pre-Seed Round

Jordanian Startup, Capifly Raises $1 Million Pre-Seed Round

Capifly, a Jordan-based technology startup unlocking non-dilutive capital for growth startups empowering the digital economy, is excited to announce its successful $1 million pre-seed funding round. In addition to this milestone, Capifly is in the advanced stages of setting up a $10 million non-dilutive capital facility, with increasing commitments reflecting

Northwestern Mutual's Black Founder Accelerator® program celebrates its third year of empowering Black entrepreneurs

Northwestern Mutual's Black Founder Accelerator® program celebrates its third year of empowering Black entrepreneurs

Furthering its commitment to championing diversity, equity, and inclusion, Northwestern Mutual, in partnership with gener8tor, a nationally ranked startup accelerator, announced this year's fall cohort of five Black-owned tech startups to its Black Founder Accelerator program. Research shows that Black founders receive less than two percent of venture

Three East African Startups Selected for Inaugural AI First Accelerator Program

Three East African Startups Selected for Inaugural AI First Accelerator Program

Google for Startups Accelerator: AI First program has selected three East African startups for its first cohort. The startups include; Dial Afrika, a Kenyan B2B SaaS platform that tailors customer support tools for global businesses, with a focus on African SMBs, Fastagger, a service platform that uses AI to amplify

Cross-Boundary Access and Mobile Power Announce $10M Partnership to Scale Battery Swapping Services Across Nigeria

Cross-Boundary Access and Mobile Power Announce $10M Partnership to Scale Battery Swapping Services Across Nigeria

President Biden Appoints Chipper Cash CEO Ham Serunjogi to African Diaspora Advisory Council

President Biden Appoints Chipper Cash CEO Ham Serunjogi to African Diaspora Advisory Council

U.S. President Joe Biden has appointed Ham Serunjogi, CEO and co-founder of Pan-African fintech Chipper Cash, to be part of the Advisory Council on African Diaspora Engagement. Serunjogi and 11 other African Americans will serve on the Council until 2025. According to a White House statement, the Council’s

5 African Health-Tech Startups Selected Among 30 for Google for Startups AI program

African startups

5 African Health-Tech Startups Selected Among 30 for Google for Startups AI program

Klasha Receives A Financial Services License In Sierra Leone Under The Regulatory Sandbox Program

Klasha Receives A Financial Services License In Sierra Leone Under The Regulatory Sandbox Program

Ugandan Healthcare Startups Secure Investment Support from WiNFUND

Ugandan Healthcare Startups Secure Investment Support from WiNFUND

African VCs Set to Convene at Oxford Saïd for the 2nd Edition of the Africa Venture Finance Programme.

African VCs Set to Convene at Oxford Saïd for the 2nd Edition of the Africa Venture Finance Programme.

Gates Foundation Supports 29 African Healthcare Start-ups Driving Innovation in Africa

Gates Foundation

Gates Foundation Supports 29 African Healthcare Start-ups Driving Innovation in Africa