Taager, an Egyptian social Ccommerce startup, has raised $6.4 million investment led by 4DX Ventures. The round also included participation from Raed Ventures, Beco Capital, Breyer Capital, and some individual investors including Careem’s Magnus Olsson. This new round of funding takes Taager’s total investment to $7 million. The startup plans…
Author: AdeO
Guaranty Trust Bank (GTBank) has announced the appointment of Mariam Olusanya as Managing Director. This was disclosed in a notice signed by the company’s secretary, Erhi Obebeduo, and sent to the Nigerian Exchange Group Limited (NGX). Olusanya who joined the bank in 1998 was previously in charge of the Wholesale…
AIfluence, a Kenyan artificial intelligence influencer marketing startup, has announced raising $1 million in seed investment. According to the startup, the funding was led by Dubai-based EQ2 Ventures and saw the participation of other investors to include Antler East Africa, Oui Capital, ArabyAds, and an unnamed European family office. AIfluence plans…
‘Scaling Digital Agriculture Innovations through Startups’ (SAIS) is a project implemented by the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ). The overall goal of the project is to support African startups in scaling their digital innovations; these…
Nigerians attach so much importance to getting a university degree. This is probably a result of the outdated mentality or mindset that education is the route to success. The craze for University education is clearly reflected in the number of young secondary school leavers who sat for the annual Joint…
Egyptian food delivery and ordering platform, Elmenus, has secured $10 million in a Series -C investment round led by the country’s e-payment unicorn Fawry. Luxor Capital Group, a New York-based hedge fund, and Marakez, a leading Egyptian real estate developer also contributed to the round. Elmenus hopes to equip 12,000 restaurants across 20 Egyptian cities…
Yodawy, an Egyptian-based online pharmacy marketplace, has raised $7.5 million in a Series B funding led by Middle East Venture Partners (MEVP), Global Ventures, and Algebra Ventures, with the participation of CVentures, P1 Ventures and Athaal Angel Investors Group. Founded in 2018, Yodawy has pioneered a pharmacy benefit management platform…
Stellar Foundation and DFS Lab have partnered to launch a Blockchain Bootcamp designed to give early to mid-stage startups in Africa an opportunity to build on Stellar, an open-source blockchain network for financial services and products. The three-day bootcamp will result in a demo day where companies with the most promising solutions built…
The Central of Nigeria (CBN) has stopped Payment Service Banks (PSBs) from receiving foreign exchange and granting any form of loans to customers. This was contained in a guideline released for the operation of PSBs in Nigeria. Additionally, the banks were restrained from accepting closed scheme electronic value (e.g. airtime)…
GreenHouse Lab (GHL), the flagship accelerator program by GreenHouse Capital (GHC), has announced the opening of applications for the first-ever pan-African fintech accelerator. The six-week program will bring together the most innovative African startups, accomplished tech founders, global investors, and world-class corporate partners for an unparalleled acceleration experience. Powered by…
WhatsApp Disappearing Messages feature is available in Nigeria. Once you enable this feature, all messages sent by you will be deleted after seven days of time. This is applicable for both group and individual chats but in the case of group chats, only the admin can enable or disable this…
GetEquity, a Lagos-based technology startup redefining the venture capital and startup financing landscape, has announced the close of their six-figure pre-seed round led by GreenHouse Capital. The close of this round also marks the launch of GetEquity’s first product: a first-of-its-kind venture funding platform that seamlessly connects entrepreneurs and investors,…
Chemical Engineer Noël N’guessan has won the Royal Academy of Engineering’s 2021 Africa Prize for Engineering Innovation with a biowaste equipment innovation for smallholder farmers in West Africa to efficiently manage and generate income from biowaste. N’guessan is the second Ivorian to win the Africa Prize and the first to…
MarketForce, a Kenyan B2B retail end-to-end marketplace, has raised $2 million pre-Series A funding round. The new investment was raised from P1 Ventures, Y Combinator, Launch Africa, V8 Capital, Future Africa, GreenHouse Capital, Rebel Fund, and Remapped Ventures. This brings the startup’s funding to a total of $2.5 million, including…
Smile Identity, the company that enables ID verification and KYC compliance through Artificial Intelligence designed for African faces and identities, announced today that the company had secured $7 million in Series A funding. The investment was co-led by Costanoa Ventures and the pan-African venture firm, CRE Venture Capital, along with participation from LocalGlobe, Intercept Ventures, Future Africa Ventures,…
The Virtual Background feature allows you to display an image or video as your background during a Zoom Meeting. This feature works best with a physical green screen and uniform lighting to allow Zoom to detect the difference between you and your background. You can upload your own images or…
Y Combinator has announced the startups that will participate in its summer 2021 batch, and it will feature 9 African tech startups from Nigeria, Egypt, Morocco, and South Africa This batch will run until September of this year and will see 117 startups from around the world participate. This number…
Founders Factory Africa (FFA), a venture development and investment company based in Johannesburg, South Africa, has announced it would support and fund three African startups. Working with its corporate investors Standard Bank Group and Netcare, FFA will be welcoming Wazi (Kenya), Asaak (Uganda), and Revix (South Africa) to join their portfolio of more…
Your smartphone is like a mini-computer. You use it to chat, call, send emails and do a whole lot of other things. If you have been using an Android or iOS smartphone for a while, you might have noticed that your device usually slows down over time. There is no…
Netflix, the global movie streamimg firm, has introduced a Mobile plan across 43 countries in the sub-Saharan Africa region, including Nigeria. The Mobile plan is a 50-60% reduction in the price of the basic Netflix offering and is available to members in Nigeria from N1,200 per month alongside the other…