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Nigerian startups could bag more government ICT contracts with new policy

Nigeria’s President, Muhammadu Buhari, has launched a policy that may see Nigerian startups enjoy more government ICT contracts. On...

Kenyan Insurtech Lami raises $1.8 million seed funding

Lami, a Kenyan insurtech company democratizing insurance products and services for low-income Kenyans, has raised $1.8 million in seed funding. The funding...

Rwandan startup Ampersand raises $3.5M, largest-ever e-mobility investment in sub-Saharan Africa

Last week, Ampersand, Africa’s first electric motorcycle company, secured a $3.5 million investment from the Ecosystem Integrity Fund (EIF). This is the...

Tanda Secures Funding for East African Expansion

Kenyan-based startup Tanda is expanding its operations after securing funding from early-stage African tech investor HAVAÍC, Zedcrest Capital, DFS Lab, Victor Asemota...

Sawari Ventures and Algebra Ventures stake $150m on North African startups

One billion Egyptian pounds. That is how much Sawari Ventures raised for its Egypt-based fund. The fund has plans to ramp up...

African insurtech startup, Curacel, raises $450k pre-seed to expand to 10 new African countries

Nigerian artificial intelligence insurtech startup, Curacel, has announced a $450,000 pre-seed raise led by Atlantic Ventures and Consonance, with participation from Kepple Apple...

African startups can now apply for Extreme Tech Challenge (XTC) 2021

Nigerian-founded early-stage VC firm, EchoVC, and Africa-focused venture capital company, Atlantica Ventures have partnered with a global innovation startup competition, Extreme Tech Challenge (XTC) to select...

Nigerian fintech of the unbanked Bankly raises $2M led by Vault

Nigeria remains a largely cash-dominated country. There are over 100 million adult Nigerians, of which more than half have little or no access to financial services. 

YC-backed Termii raises $1.4m seed round to expand to North Africa

Nigerian-founded Communication Platform as a Service (CPaaS) startup, Termii has raised $1.4m seed round from African early-stage VC firm, Future Africa and  Africa-focused Japanese...

Nigerian fintech startup, Cowrywise, raises $3m pre-series A funding led by Quona Capital

Nigerian wealth management startup, Cowrywise, has announced that it has raised $3 million pre-series A funding. The round was...

Kenyan healthtech startup, Ilara Health, raises $3.75m Series A led by TLcom Capital

Kenyan healthtech startup, Ilara Health, has raised $3.75 million in Series A investment to expand its diagnostic reach across Africa.

54Gene unveils human genome sequencing lab in Nigeria

Nigerian health tech startup 54Gene has announced the completion of a lab capable of carrying out whole genome sequencing of humans.
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This US-based early-stage fund wants to invest $5m in African startups

In the first half of this year, investments in African startups have risen back to pre-covid levels. While there’s more excitement about...

South Africa’s Yoco raises $83m to extend digital payments to 1 million SMEs

South African payments and software platform, Yoco, has secured $83 million in Series C funding, bringing the total funds raised to date...

Ecobank and Microsoft want to prepare more African SMEs to be digital businesses

In Africa, two things are expediting the adoption of online business models; the covid-19 effect and the mobile phone penetration. 

The Top African Regions Set to Become Startup and Investment Hubs

On the back of Cape Town being recognised as the tech capital of Africa, topping international rankings for foreign direct investment strategy, Ian Lessem,...