StartupNews Africa
News on the companies, capital and people shaping African technology, in publication order.
Showing 121–140 of 159 articles
FinTech
This strategic appointment comes as M-KOPA, widely known for providing affordable smartphones and digital financial services to underserved consumers, seeks to expand its reach in emerging markets.
M&A
“This agreement initiates a transformative effort to develop, finance, construct, operate, and maintain essential transmission lines and substations across Kenya.”
Funding
Funding to bolster African Health-Tech System 11th October, 2024 Pan-African investment, AfricInvest, has announced that it has successfully closed its Transform Health Fund (THF), surpassing its initial $100 million benchmark in the process. The funding, with a final figure pegged at $111 million, was managed in partnership with the Health Finance Coalition (HFC). The Health
Startups
Mustek seals acquisition deal with Sizwe Africa IT 11 October, 2024 Mustek, a South African IT company, has taken a one-million-dollar step as it acquires a 70% stake in CyberAntix, a security operations centre-as-a-service provider, from Sizwe Africa IT. In a deal worth R20 million ($1.1 million) deal, both companies oversaw an R8 million ($457,820)
AgricTech
US-based BG Titan Group has launched its Titan E-Farms initiative in Uganda. This launch represents a first step aimed at transforming agriculture across East Africa. With a total project size exceeding $650 million, the Titan E-Farms project aims to establish a sustainable agricultural model that supports economic growth while tackling critical environmental challenges. On the
AgricTech
Nigerian open banking startup, Okra, has officially made its entrance into the cloud infrastructure market on the wings of its new service, Nebula. Nebula is a new cloud service designed to support local innovation and reduce reliance on foreign solutions. This feature positions Nebula competitively against local rivals like Nobus, Galaxy and Layered – all
Funding
Climate Tech to contribute to combating climate change
Funding
South African shipping company for eCommerce exporters, TUNL, has completed a seed round to boost marketing support for small and medium sized enterprises (SMEs). This funding comes ten months after the startup announced its $1 million pre-seed funding to accelerate its expansion within its primary market, South Africa. At the same time, it aims to
FinTech
The launch of Kazang Pay in Zambia comes on the heels of the introduction of the solution in South Africa, where around 60,000 small and micro merchants use Kazang Pay to accept card payments.
Funding
Malawi is reportedly one of the least electrified countries in the world, with 11% of the population connected to electricity, 42% in cities and only 4% in villages.
FinTech
As a crucial part of the collaboration, Amazon will adopt Mastercard Gateway as a payment solution that will be made available in 40 markets in the region
Funding
Funding to provide early stage capital to at least 50 startups
FinTech
TymeBank surpasses 10 million customers six years after funding
Startups
Nine innovative African startups across various sectors have been honored on the Norrsken 2024 Impact/100 list, highlighting the continent’s growing potential to tackle global challenges through technology and entrepreneurship. The Impact/100 list, curated by the Norrsken Foundation, features 100 of the most promising impact startups worldwide, described as “100 ways to fix the future.” This
Startups
Raiz is set to transform the way Nigerians interact with banking services by introducing multi-currency accounts and leveraging advanced artificial intelligence technologies. This groundbreaking approach aims to make banking more accessible, efficient, and inclusive for individuals and businesses alike. One of the standout features of Raiz is its Global Passport Account, which allows users to
Startups
TechCrunch has announced that eight African startups—seven from Nigeria and one from Morocco—have been selected to participate in the prestigious Startup Battlefield 200 competition for 2024. This annual event shines a spotlight on the world’s top early-stage ventures, providing them with a global platform to pitch their innovative ideas, gain invaluable exposure, and compete for
Funding
Talk360, the South African-based international calling app, has secured $1.4 million in a pre-Series A funding round led by long-standing investor HAVAÍC. This latest injection brings the company’s valuation to around $30 million and fuels its mission to connect seven million people by 2025. Founded in 2016 by South African entrepreneur Dean Hiine and Dutch
Funding
Egyptian fintech startup Paymob has announced a $22 million extension to its Series B funding round, bringing the total raised to $72 million. The extension was led by EBRD Venture Capital, with participation from existing investors including PayPal Ventures, British International Investment (BII), FMO, A15, Nclude, Helios Digital Ventures, and Endeavor Catalyst. Founded in 2015
Funding
Rubyx CEO says Proparco’s backing will help speed up implementation of digital lending solutions
Startups
Elon Musk-owned satellite company continues to make inroads into Africa