News

86 start-up founders graduate from Alibaba programme

No less than 86 African start-up founders and entrepreneurs have successfully completed the Alibaba netpreneur training (ANT) programme presented by Alibaba Global Initiatives. This…

Microsoft on a mission to help African start-ups scale

“South Africa is well established as one of the top four start-up ecosystems on the continent, and is leading the way for successful exits…

$200m growth fund launched for investment vehicles

The Mastercard Foundation Africa Growth Fund (MFAGF) – a “fund of funds” that works through African investment vehicles to support early-stage, growth-oriented SMEs on…

Don’t be fooled. You too will be a victim of identity theft

Identity theft in South Africa continues to rise, despite numerous warnings and efforts to protect consumers. Reports suggest that someone’s identity is stolen somewhere…

New $500k grant to grow insurtech in Africa

Insurtech founders of early to mid-stage start-ups are set to benefit from a $500 000 grant announced by the Swiss Re Foundation in Switzerland…

ECEA to grow AI and tech industries investments in Egypt

The newly launched Egyptian-Chinese Entrepreneurs Association (ECEA) will target the expansion of AI an tech industry investments in Egypt, confirmed Amre Moussa, the former…

New Seedstars platform to grow emerging VC managers

Seedstars is set to drive over $500 million of new funding into emerging and diverse managers. They will create more than 10 000 new…

Lipa Later gains $12m funding to expand credit footprint in Africa

Odyssey Capital’s flexible payment fintech start-up Lipa Later closed a $12 million pre-Series A funding round that will help it expand its service into…

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,…

Early-stage VC Fifty Years leads $1.1m HealthLeap pre-seed

South African healthtech start-up HealthLeap closed a successful $1.1 million pre-seed funding round led by deep tech investor Fifty Years. The firm is renowned…

MultiChoice connects South African SMMEs with global start-up investment community

MultiChoice Group, the African entertainment company that operates DStv, has shortlisted six start-up and scaling businesses that will be progressing to the final leg…

Applications now open for health focused accelerator in Africa

The Making More Health (MMH) accelerator, organised by Ashoka, is currently in its fourth year and aims to unlock the potential for growth, impact,…

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…

DeFi platform Goldfinch raises $25m to continue emerging market lending

Andreessen Horowitz (a16z crypto) led a $25 million funding round that will help Goldfinch continue to offer uncollateralised DeFi loans to businesses in emerging…

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…

African entrepreneurs can now apply for $5000 seed capital

African entrepreneurs with business ideas or existing businesses under 5 years, are encouraged to apply now for $5000 seed capital, mentorship, business management training…

Global Trends In Startup Sub-Sectors

The COVID-19 pandemic has impacted the world in various ways and created shifts in some technology startup sub-sectors. It revived several that were previously…

Action Plan for Gauteng to support innovation is underway

Innovation and entrepreneurship have been identified as key drivers of the South African economy, but challenges such as lack of funding, talent, skills and…

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,…

Local Proptech and digitalisation company expands to UK

After 21 successful years in the South African PropTech industry, digitalisation specialist e4 is expanding into European markets. Having recently launched a new group…

Skillsoft acquires edtech rival, Codecademy, for US$525 million

Skillsoft, the American educational technology company that provides enterprise learning solutions, has entered into a definitive agreement to acquire Codecademy, a leading online learning…

Global Innovation Fund invests R7m to bridge South Africa’s digital divide

The Global Innovation Fund (GIF) has invested $460 000 in Isizwe, a South African internet service provider that promotes access for low-income communities. For…

Broadband Africa Forum 2024

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