FIFA has launched FIFA+, a digital platform created to connect football fans across the globe more deeply with the game they love, for free. FIFA+ will provide access to live football matches from every corner of the world, interactive games, news, tournament information, ground-breaking, unrivalled video content delivering truly global…
Author: AdeO
Telecel Group has announced the acquisition of Mattel Mauritania after acquiring 100% of the shares of the company. Mattel is the first mobile operator in Mauritania to have launched the GSM service. Since its creation on May 11, 2000, the result of cooperation between Mauritanian and Tunisian economic operators, Mattel…
Egypt-based infrastructure management platform Pylon has raised $19 million in a Seed funding round comprising equity and debt, led by Endure Capital, Cathexis Ventures, Khawarizmi Ventures, Loftyinc Ventures, and angel investors. Founded in 2017 by Ahmed Ashour and Omar Mohamed Radi, Pylon democratises smart grid infrastructure to energy and water…
Epic Games has raised $2 billion round of funding to advance the company’s vision to build the metaverse and support its continued growth. This round includes investments from existing investor Sony Group Corporation as well as KIRKBI, the family-owned holding and investment company behind The LEGO Group, with each party investing…
Boeing Company and Microsoft Corp. on Wednesday announced they are deepening their strategic partnership to accelerate Boeing’s digital transformation. Through the expanded collaboration, Boeing will leverage the Microsoft Cloud and its AI capabilities to update its technology infrastructure and mission-critical applications with intelligent new solutions that are data driven, further…
MaineOne has expanded its digital footprint with the launch of its new Data Center Mdxi Lekki II. The new Data Center was launched by the Executive Governor of Lagos State, Mr. Babajide Sanwo-Olu. Following closely on the heels of its acquisition by Equinix, the world’s digital infrastructure company, the new data…
Africa’s leading payment platform, Quickteller Business, powered by Interswitch, has introduced Smart Point of Sales (PoS) terminals, which will enable Small and Medium Business Enterprises (SMEs) and merchants in Africa to accept payments seamlessly and better manage their transactions. The Smart PoS device is powered by Android Operating System and…
Morocco-based fintech and rewards startup WafR, has raised $278,000 at a $7.5 million valuation in a funding round led by UM6P Ventures, Plug and Play, with participation from a group of undisclosed local and international angel investors. Founded in 2018 by Ismail Bargach and Reda Sellak, WafR allows FMCG retailers to…
Africa Women Innovation and Entrepreneurship Forum (AWIEF) in partnership with USAID Southern Africa Trade and Investment Hub (USAID TradeHub) has launched a new program that will increase the investor, export readiness, and competitiveness of 100 SMEs in Southern Africa. The USAID funded ‘Enhanced Small Medium Enterprises (SMEs) Investment and Export…
Egypt-based healthtech startup Otida has raised $340,000 in a pre-Seed round led by Lofty Inc, a US-based VC, with participation from Flat6Labs Cairo, Afropreneurs, Jedar Capital, OQAL Angel Investors, UI Investments, and a group of angel investors. Founded in 2021 by Ahmed Tawfic and Ayman Mostafa, Otida, formerly “instadiet”, is designed to…
Clubhouse has launched a protected profile setting to make its users’ profile only available to people who they approve as followers. “We’ve been humbled to hear so many stories from people on the ground in Ukraine, to listen to Russians speaking out against the war, and to find that–no matter…
Orange has launched the 12th edition of its Orange Social Venture Prize in Africa and the Middle East. The Competition was launched on the 28th of March 2022. Candidates can submit their applications until May 27 on the website https://POESAM.Orange.com . POESAM was launched in 2011. Over 11 previous editions, it…
Egypt-based fintech Khazna has raised a Series A round of $38 million in equity and debt, with the equity investment led by Quona Capital with the participation of Speedinvest, Nclude, Khawarizmi Ventures, Algebra Ventures, Accion Venture Lab, Disruptech, AB Accelerator by Arab Bank, and CVentures, among others. The debt financing…
Egyptian banks and institutions have partnered to launch the “Avans Manara” fund, with total targeted investments amounting to about $109 million (EGP2 billion), to become Egypt’s first fund that aims to invest in investment funds. The participating banks are Banque Misr, National Bank of Egypt (NBE), Banque du Caire, Ahli…
Techiva Technologies from Nigeria has won the SheTrades Hackathon, collecting a cash prize of $10,000. Among the five finalists presenting their innovative solutions in support of women entrepreneurs driving a green economy, Techiva Technologies convinced the jury with a game-changing digital platform that lets users buy and sell surplus renewable…
Egypt-based e-grocery marketplace ON Market has raised $215,000 pre-seed funding round from regional angel investors led by Yasser AlGhamdi. The funding will support ON Market in its expansion efforts across Egypt, in addition to scaling its tech solutions. Founded in June 2020 by Moatasem Marzouk, Seif Yasser, Ahmed Najjar, and…
Morocco-based Al Mada Holding Group has launched a $109.8 million pan-African venture capital fund to invest in fast-growing startups. The new venture capital aims to bank on the significant growth prospects of the African startups business, as it keeps breaking records every year, growing 12-fold over the past five years…
The “Africa’s Business Heroes” (ABH) prize competition, one of the Jack Ma Foundation’s flagship philanthropic programs spotlighting and celebrating Africa’s entrepreneurial talent, has opened applications for its fourth annual edition. Entrepreneurs from all 54 African countries, across every sector, age group, and gender are now able to submit their applications,…
The Government of Nigeria, UNICEF, and partners today launched the Nigeria Learning Passport (NLP), an online, mobile, and soon-to-be offline learning platform that will provide continuous education to 3 million learners in 2022 alone, and a total of 12 million by 2025. “To ensure continuity of learning for all children…
Netflix, the world’s leading entertainment streaming service, has opened applications to the Netflix Creative Equity Scholarship Fund (CESF) for film and TV students in the East African region. The US$1 million scholarship fund for sub-Saharan students forms part of Netflix’s global Netflix Creative Equity Fund launched in 2021 to be…