Africa

IFC participates in $13.5M Antler East Africa Fund

Early-stage investor Antler closed its oversubscribed East Africa investment fund at USD 13.5 Mn to continue to support early-stage tech start-ups in the region. The bumper…

Digital health startup, Cardo Health, launches telemedicine app in SA

Cardo Health, founded by Tobias Strålin (a former McKinsey Partner and European start-up practice leader) has launched Kena Health in South Africa. For the…

Black and Brilliant & Codecademy launch Africa based AI Accelerator

Codecademy, the online learning platform for technical skills is partnering with The Black and Brilliant Advocacy Network to launch an Applied Artificial Intelligence accelerator and…

Microsoft Founders Hub to support 10K African start-ups

The seeds Microsoft planted with the Africa Transformation Office announcement in 2021 are beginning to sprout. That commitment to growth in Africa is further…

Broadscale Group and Generation Investment Management take M-Kopa to $100M

Innovative Kenyan lender M-Kopa has raised $75 million in an equity funding round, bringing its total equity funding to $100 million. The Generation Investment…

Canadian adtech company, MonetizeMore, comes to South Africa

Canadian-based, global ad-tech giant MonetizeMore has entered South Africa through a partnership with SiSebenza. The boutique investment advisory business scours the globe for innovative tech…

Newly formed PAGG wants to empower a billion African gamers

Ten African game studios have come together at Africa Games Week 2022 in Cape Town to announce a new initiative to grow the continent’s…

mPharma draws Lux Capital into historic African investment

Ghanaian pharmacy and healthtech start-up mPharma raised $35 million in a successful Series D funding round that drew participation from JAM Fund, Unbound and,…

Bfree raises $1.7m to expand operations

Nigerian ethical credit management FinTech start-up Bfree closed a successful pre-Series A funding round that will power its further expansion into Asia, Europe and…

Digital Realty to acquire majority stake in Teraco

Teraco Data Environments has announced that San Francisco based Digital Realty has entered into an agreement to acquire a majority stake in Teraco from a…

Adapt IT acquired by Volaris and delists from JSE

South African software company, Adapt IT Holdings Limited (“Adapt IT”), has been acquired by Volaris Group Inc. (Volaris) for R7 per Adapt IT share…

Altaeros partners with World Mobile to raise blockchain network to the sky

World Mobile, the first mobile network built on blockchain and run by the people, partners with Altaeros, developers of the world’s first autonomous aerostats,…

Nigerian mobility player MAX closes $31m series B funding round

Metro Africa Express (MAX) has is closing out a stellar 2021 with a $31 million series B round of funding led by Lightrock, Global…

Tencent and Nielsen Ventures lead historic $15m African EdTech funding round

Nigerian edtech market leader uLesson closed a $15 million series B investment that drew support from Nielsen Ventures and Tencent, as well as existing…

ImaliPay brings fintech options to South African gig workers

Fintech platform ImaliPay has announced its expansion into South Africa. This move leverages a partnership with Stitch to rely on its payment and open…

Carry1st partners with PayPal and Chipper Cash to bring payments to Africa

Carry1st, Africa’s leading mobile games publisher, partnered with online payments pioneers PayPal and Chipper Cash to enable people across Africa to purchase virtual goods and services online…

World Mobile launches hybrid network into Zanzibar sky

World Mobile is launching its unique hybrid mobile network supported by low altitude platform balloons in Zanzibar. The balloons are the first to officially…

InfraCo expands e-mobility interests with Zembo investment

Private Infrastructure Development Group (PIDG) company InfraCo Africa, together with a consortium including Dutch private equity firm DOB Equity and Toyota Tsusho’s VC facility Mobility 54, has signed…

BriteGaze joins Enza Capital in $1m Craydel pre-seed

Enza Capital led an early-stage investment round for Kenyan edtech start-up Craydel. The pre-seed round also attracted Reshaad Sha’s AI investment fund BriteGaze, along…

Tanzania M-Pesa users share in R33.8m profits

Vodacom Tanzania Plc disbursed profit accumulated on associated Trust Accounts to its over 10 million M-Pesa users, with subscribers receiving their share by 31…

Ghanaian health start-up mPharma enters Uganda through Vine acquisition

Accra-based mPharma has disclosed its acquisition of a controlling stake in major Ugandan pharmacy chain Vine Pharmacy. The 55% share was previously held by…

Vendease raises $3.2m to transform Africa’s restaurant supply chain

Nigerian-based AgriFood-tech start-up Vendease delivered approximately 100 000 tons of food to restaurants in September 2021, hitting a $12.9 million transaction volume. The recently…

Solar startup Sun Exchange secures $2.5 million investment

SA startup Sun Exchange has secured $2.5 million in convertible note financing to continue to scale its solar leasing platform. The startup secured the…

Acer’s New Nitro AI Gaming Gear Is Here—But Is It Worth It for South Africans?

R19,000 for Bass? Sony Tests South Africa’s Audio Appetite

Tech Stocks Tank – Can SA Survive a Global Meltdown?

SA Business Confidence: Fintech Lula Sounds Alarm on SME Reality

Why MVNOs are gaining ground — and how Huge NXTGN is accelerating the shift

Acer Unleashes Beastly New Predator BiFrost and Nitro GPUs with AMD Radeon RX 9000 Series

Philips Evnia Drops Jaw-Dropping QD OLED Monitors: 240Hz, Ambiglow, and All the Good Stuff

Microsoft launches new Surface devices in new AI era

Gravity is a true driver’s EV SUV

L2 charging and the power of dwell time

Tires and tariffs