Startups

Africa’s VC industry growing slowly: $4.8b raised in 2022

Africa’s venture capital (VC) industry experienced a downturn in 2022, with only $4.8 billion raised in the continent, according to Oliver Dickson, an SAFM…

TROOP raises $11m for South Africa expansion

TROOP, the global developer of corporate meeting technology and services, announced that it has secured $11million (about R201 million) in Series B funding to…

Africa’s Kubik and Emata win Global Startup Awards

Two African start-ups have been recognised as global winners of the 2022 Global Startup Awards. The competition is the world’s largest independent start-up competition…

Finverity raises $5m to bridge global trade finance gap

London-based digital ecosystem for trade and supply chain finance, Finverity, raised $5 million in an oversubscribed equity funding round from both new and current…

AWS announces funding boost for women founders in Africa

Tiffany Johnson, the global business development manager at AWS Startups, this afternoon launched the new Fem-Tech Startup Innovation Challenge aimed at empowering women founders…

Ramp secures $5m for game-changing forecasts

Ramp, a global decision science start-up with its head office in the United Kingdom, has closed a $5 million seed funding round. The company…

Fez Delivery raises $1m to revolutionise delivery in Nigeria

Fez Delivery, a Nigerian logistics and delivery start-up, has announced a $1 million seed round of funding, led by Ventures Platform. The funding round…

3 techpreneurs use blockchain to drive financial inclusion

Three South African technology entrepreneurs are hopeful that their early-stage blockchain called Fraxeum will change the world of finance. This, as more institutions, banks…

Centbee closes R17m funding round with Ayre Ventures

“We have the right vision, products and team to drive exponential growth for our investors,” said Centbee co-chief executive Lorien Gamaroff after the fintech…

Need funding in 2023 for your SME? Check out this list

Raising capital for a small South African business is quite a daunting experience, writes Dr Thommie Burger from JTB, a leading business plan company….

Egypt’s fintech titan Fawry partners with Classera

Egyptian payment start-up Fawry has partnered with Classera, a distance learning technology provider, to enhance e-payment services and integrate digital payment solutions of both…

Kubik builds low-carbon homes from plastic waste

The award-winning sustainable technology startup Kubik has announced its latest seed-stage investment from the GIIG Africa Fund. The raise establishes GIIG Africa as the…

Ventures Platform fund surpasses $40m target

A pan-African VC firm championing the next generation of African technology entrepreneurs, Ventures Platform, closed its early-stage and intercontinental fund at $46 million. This…

Supply chain start-up Suplyd closes $1.6m funding round

Suplyd, an Egypt-based start-up that digitizss supply chain operations for the MENA region’s hotels, restaurants, and catering (HORECA) industries, announced their $1.6M pre-seed round…

ScarabTech secures seed raise from GIIG Africa Fund

Several commercial projects across Africa, Asia and Australia are on the cards for cleantech start-up ScarabTech following a seed funding round from GIIG Africa…

R6m in 6 weeks: Here’s how GoGetta did it

Two African start-ups, Shuthuka Flagship Farm and Trailored, have raised more than R6 million (about $350 000) in just six weeks through equity crowdfunding. The…

8 climatetech innovators shine at UN demo day

Three climatetech start-ups from Lebanon, Egypt and Yemen won $6 000 each following a Middle East and Africa-wide hackathon presented by the Youth Climate Innovation…

Lessons for launching an African fintech in 2023

Anyone looking to launch an African start-up in 2023 must be sorely tempted to do so in the fintech space – provided they have…

4Di Capital announces second close to new $25m seed fund

South African early-stage venture capital firm 4Di Capital has announced the second closing of its new $25 million seed fund created in partnership with…

ShEquity invests in Nigerian fintech start-up Owoafara

Nigerian fintech start-up Owoafara Inc has received investment funding from ShEquity, an Africa-wide impact investment firm. While the exact amount has not been disclosed,…

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…

Can Africa’s start-up sector keep up its record funding run?

Start-ups have become vital engines of change that can have an outsized impact on an economy, argues Thabiso Foto, chief financial officer at Founders…

African cleantech start-up shines on AfricArena world stage

While Africa’s venture capital ecosystem is still in its infancy, the co-founder of one of the world’s most innovative start-ups, Brayfoil Technologies, says AfricaArena’s…

The Rise of Agentic AI: How Autonomous AI is Transforming Manufacturing

How Do South African Online Casinos Compare to Global Platforms?

Nigerian startups can now apply for SIA Startup Foundry Cohort 2

Savant Build Programme Cohort 3: Empowering Deep-Tech Startups to Drive Green Economy Innovation

Float and Peach Payments Partner to Revolutionize SA’s Fintech Landscape

Microsoft launches new Surface devices in new AI era

Honor Magic V3 launches, four things to know

Honor Magic V3, a Guinness world record attempt

Tariffs trump US new car affordability needs

GS3 Emzoom R Style review

Dakar dominated by South African built Hilux Evos