News

Taking responsibility for using AI for good in Africa

Artificial intelligence is enriching various aspects of our business and private lives: it drives the business strategies, operations and marketing activities of our enterprises…

Recycling start-up exits the Edge Growth Action ESD Fund

A 100% black-owned recycling start-up, Mpilenhle Recycling in KwaZulu-Natal, has become another example of how growth support initiatives are integral to drive entrepreneurs to…

How small business funding has changed in 2022

Fintech company GroWise Capital, a specialist small business funder, has identified key changes in the funding industry the past year. These include application data,…

Apply now to join Accra-based MEST class of 2024

Applications are open for the 2024 cohort of the MEST training programme – a 12-month initiative physically hosted in Accra and designed to give…

Ghanaian edtech founder shines on New York billboard

The visionary founder of Ghanaian edtech social enterprise Stars From All Nations, Tom-Chris Emewulu, has been highlighted on New York Times Square among hand-picked…

Invest in resilient internet for sustainable growth in Africa

African countries have been urged to invest in building resilient internet infrastructure to tap digital opportunities and accelerate social and economic transformation on the…

Carry1st funding round brings a16z investment to Africa

Africa’s leading mobile games publisher Carry1st announced a $20 million Series A extension that drew participation from Andreesen Horowitz (a16z), Avenir and Google. Grammy…

Shell Foundation’s EEGF receives $13M injection to accelerate access to clean energy in Sub-Saharan Africa

Energy Entrepreneurs Growth Fund (EEGF) — founded in 2019 by the Shell Foundation and co-funded with UK aid from the UK government and FMO,…

Accelerators helping women-led startups in emerging markets can win up to $25,000 in IFC ScaleX initiative

International Finance Corporation (IFC) and Women Entrepreneurs Finance Initiative (We-Fi) have launched a call for applications for the IFC ScaleX, a performance-based initiative that will…

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,…

WeThinkCode_ and South Cape TVET College Bring Software Engineering Training to Rural SA Youth

Flow launches the world’s first and only shoppable audience marketplace

MTN MoMo’s R10-a-Day Smartphone Offer Aims to Bridge South Africa’s Digital Divide

Fintura Heads to Silicon Valley After Winning SA Startup World Cup

Capitec and Mama Money Launch Fintech Partnership to Empower Migrant Workers Across Africa

Flow Unveils World’s First Shoppable Audience Marketplace – A Fintech-Led Revolution in Digital Targeting

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

Omoda C5 X review

TDK enhances IMUs for extreme temps

Data centres and defence are reviving diesel