Private American venture capital firm, a16z has launched a $4.5 billion crypto fund. According to the firm, $1.5B will be dedicated to seed investments, and $3B to venture investments. This brings its total crypto/web3 funds raised to over $7.6B. The VC firm will deploy the fund invest in promising web3…
Author: AdeO
Mastercard has announced entered into a partnership with Saudi Arabia-based HyperPay to drive the adoption of digital payment solutions in the Middle East and North Africa (MENA). As part of the partnership, Mastercard will make a strategic investment in HyperPay to continue enhancing the delivery of its proven capabilities and identify…
South African edtech startup has raised $2 million in a seed funding round led by LocalGlobe boost to accelerate the global adoption of its Whatsapp and Facebook-based learning chatbot. Other investors who participated in the funding round include Emerge Education, Odunayo Eweniyi via FirstCheck Africa, Iyin Aboyeji via Future Africa,…
Digital Afrique Telecom (DAT), a pan-African digital services provider has partnered with Ever Medical Technologies, a medical technology solutions provider to facilitate, improve and disseminate digital medical solutions across the continent. Africa is growing fast, urbanizing, and industrializing. Every country in Africa is working to close the infrastructure gap. A…
IFC has partnered Acelera, a leading Angolan incubator and accelerator, to help the company expand, support innovative tech startups, and drive inclusive economic growth in the country. As part of the partnership, IFC will work with startups attending Acelera’s incubator programs, including those in the digital tech, financial services, agribusiness,…
Blink Pharma, the leading platform for managing transactions between healthcare professionals, has successfully completed its first round with the Azur Innovation Fund Investment Fund to fund the development of its operations, including the launch of new products for the healthcare sector. With a digital solution to streamline transactions between healthcare…
Egypt’s online used-car retailer Sylndr has raised $12.6 million for its pre-seed round led by RAED Ventures, with participation from Algebra Ventures, Nuwa Capital, 1984 Ventures, Global Founders Capital, and a number of prominent regional and global angel investors. Sylndr is set to build trust in the used-car market by…
The Federal Government of Nigeria has launched a Mobile app, Nigeria Internal Security and Public Safety Alert System, (NISPSAS), designed to mitigate security challenges and other disasters owing to climate change in Nigeria. The launching was done by the Minister of Interior, Ogbeni Rauf Aregbesola, at the ministry’s headquarters in…
World’s leading community of high-impact entrepreneurs, Endeavor, has selected the founders of Field: Michael Moreland, Justin Lorenzon, and Peter Bunor to join its global network of high-impact entrepreneurs. Field was selected as Endeavor Entrepreneurs at the 26th Virtual International Selection Panel (vISP) held in April 2022. The ISP is the…
NBA Africa and KFC Africa today announced a marketing partnership that will see NBA Africa and KFC Africa collaborate on several promotions and activations for basketball fans across eight countries on the continent: Botswana, Ghana, Ivory Coast, Kenya, Namibia, Nigeria, Senegal, and Tanzania. Through the partnership, KFC Africa and NBA…
Egypt’s Cairo Angels Syndicate Fund (CASF) has invested an undisclosed amount in a Kenya-based fintech FlexPay, marking the first investment for CASF in Africa. Founded in 2016 by Richard Machomba, FlexPay is an online and offline payment gateway that allows merchants to offer interest-free targeted savings to their customers in…
Algeria-based accelerator Algeria Venture (A-Venture) and the Algeria Investment Fund (AIF) have partnered to launch a VC fund targeting $10 million to support startups. The partnership aims to provide financing for Algerian startups at all stages from creation, Seed, and up to acceleration that could lead to an IPO. “The…
Egypt-based last-mile delivery startup Mylerz has closed a $9.6 million round led by Lorax Capital Partners, with participation from Egyptian payment company Fawry. Founded in 2019 by Samer Gharaibeh, Mylerz provides its customers with same-day delivery through a fleet of over 350 vehicles and 21 local fulfilment hubs positioned across…
Leading global digital skilling and transformative education partner, elev8 education, announced it had joined the Amazon Web Services (AWS) Training Partner program. Through this program, elev8 will deliver cloud computing skills training, developed and maintained by AWS, to organizations and learners in Nigeria and Rwanda. Many companies have accelerated their…
54gene, the health technology company advancing African genomics research for improved global health outcomes, has through its non-profit initiative, the African Centre for Translational Genetics (ACTG), completed its first consortium-led publication on over 100,000 Nigerians as commissioned in 2020 at its launch. The Non-Communicable Diseases Genetic Heritage Study (NCD-GHS) consortium…
Swiss non-profit organization, NEAR Foundation has entered into a partnership with Sankore, a Kenyan blockchain community to launch a regional hub. The blockchain hub will drive current blockchain innovation, education, and talent development throughout Africa. Kevin Imani, founder of Sankore, will oversee the hub, which will be comprised of events,…
South African logistics startup, GoMetro, has raised $1 million in a seed funding round with participation from Kalon Venture Partners, Hlayisani Capital, Tritech Global, 4Decades Capital, and E Squared Investments. The startup will deploy the fund into boosting its workforce, enhancing its tech platform, and expanding its operations into more…
Zambia’s first renewable energy buyer and services provider, Africa GreenCo (GreenCo), has raised US$15.5m to enable it to scale its innovative offering. The funding had in participation three investors namely: InfraCo Africa, part of the Private Infrastructure Development Group, the Danish Investment Fund for Developing Countries (IFU) and the EU-funded…
Launched just over a year ago, Wi-flix, Africa’s fastest-growing video-on-demand streaming platform has passed the 1million plus paid subscriptions and 300k plus customer milestone. The online streaming platform has grown quickly in recent months with more content and distribution partnerships and more titles being added to its library resulting in…
TikTok has launched TikTok Pulse to help brands be on the pulse of entertainment and culture. The new feature is a new contextual advertising solution that lets advertisers place their brand next to the top content in the For You Feed. TikTok Pulse is designed to give brands the tools…