After a long and highly competitive recruitment process, the Injini team has selected Nigeria’s 1 Million Teachers and 5 other Edtech startups, who will embark in a 5-month incubation programme starting next month. The edtech solutions came out on top of over 500 application originating from 37 African countries -…
Author: AdeO
WhatsApp now has two billion active users, up from 1.5 billion by the end of 2017, the company has announced. The mobile messaging app was founded in 2009 and acquired by Facebook in 2014. The deal was valued at $19 billion, the largest acquisition by the social media giant to date. Despite…
The ARM Group has announced the commencement of the second cohort of the LABS by ARM Accelerator programme on the 10th of February, 2020. Similar to the maiden edition ARM is partnering with Ventures Platform to support and fund compelling fintech startups solving key problems in innovative ways around the…
In a bid to bolsters its financial technology presence in India, Uber has put an Uber Money team into place in Hyderabad. Uber Money teams are already located in Palo Alto, Amsterdam, New York and San Francisco tech centres. The Uber Money team will be geared toward putting into place new payment…
Ecobank has signed a cross-border remittance agreement with Alipay, the world’s leading payment and lifestyle platform, that aims to bring more inclusive financial services by providing a fast, safe, affordable and convenient way for workers to transfer money back home. The partnership will facilitate instant transfers from Rapidtransfer, Ecobank’s remittance…
In order to continue to provide top-notch savings and investment solutions, AXA Mansard Investments, a leading multi-expert asset manager in Nigeria has partnered with Nigeria’s foremost all-in-one lifestyle, Jumia One to bring AXA Mansard’s Money Market Fund closer to the public and to make it easier to invest. In addition…
Google has cancelled plans to buy a 12.5 per cent stake in Kenya’s Lake Turkana Wind Power (LTWP), Africa’s largest wind farm that was officially commissioned last July. Denmark based firm, Vestas, disclosed that Google had ended the quest to buy its stake in LTWP after delays in the project.…
Uber drivers marched on the office of the Lagos State Vehicle Inspection Services (VIS) to protest the recent clampdown on their operations on Lagos roads. VIS officials said the drivers must have hackney permit, Lagos State Drivers’ Institute (LASDRI) certification and that Uber must pay the operator license fee to…
The UAE’S Consortium for Africa, a new initiative with a committed investment of US$500 million to help fulfil the vision of a ‘turbocharged’ and connected new Africa, driven by its youth, has been unveiled at the African Union. The UAE Minister of State for International Cooperation and Director-General of Expo…
Jumia Nigeria has said it is opening up its logistics and marketing services to third parties and partners because it has the technology and data-driven approach to solving the logistics challenges in Africa. The company’s Chief Executive Officer and Executive Vice- President, Marketplace at Jumia Group, Massimiliano Spalazzi, said Jumia…
Gebeya Inc, an Ed Tech and online software outsourcing Marketplace company geared towards the development of Africa’s technological scene, announced today that it closed a $2 million seed round investment co-led by Partech and Orange Digital Ventures and followed by Consonance Investment Managers. Headquartered in Addis Ababa, Ethiopia since its inception in 2016, Gebeya…
The digital content distribution company, Publiseer, has been selected for the TechTribe Accelerator (TTA) 2020 Cohort. TTA is a South African accelerator and virtual mentorship programme, for post-revenue tech and IP driven ventures across the SADC region, which includes online learning, virtual mentorship, access to investment opportunities, and a peer…
SuperFluid Labs has been named the winner of the ENGIE Challenge at the Africa Tech Summit in Kigali, Rwanda. SuperFluid beat out four other start-ups winning the chance to implement a pilot project with ENGIE or a cash prize. The third Africa Tech Summit Kigali, powered by Disrupt Africa, was held from…
The Minister of Communications and Digital Economy, Dr Isa Ali Ibrahim Pantami, has directed the Nigerian Communications Commission (NCC) to revise the Policy on Subscriber Identification Module(SIM) Card registration and usage. In a statement signed by the Minister’s Technical Assistant on Information Technology Dr. Femi Adeluyi said the revision of…
A Nissan car has completed a 230-mile journey autonomously in Britain, the longest and most complex such trip in the country as carmakers race to develop the driverless technologies set to revolutionize travel. Britain has been wooing developers of autonomous vehicles, hoping to grab a slice of an industry it…
54gene, a Nigerian genomics startup, has launched African Centre for Translational Genomics (ACTG) to empower the next generation of genomic scientists in the continent by providing grants, fellowships, internships, and training for medical researchers, trainees, and students. The ACTG is also expected to facilitate precision medicine across the continent as well…
Truecaller, a global caller identity platform has announced that it had passed the 200-million mark in monthly active users (MAUs) around the world. The Swedish caller-identification service provider also reported profitability over the last four months. India, Truecaller’s largest market, accounted for 150 million monthly active users. The company’s growth…
Elmenus, the leading food-tech startup based in Egypt focusing on personalizing food recommendations has raised its Series B funding. The round was led by Global Ventures, a UAE-based venture capital fund focused on enterprise technology solutions across the Middle East and Africa region, and Algebra Ventures, the leading technology venture capital firm…
Gokada, a Lagos-based motorcycle-hailing startup, has reportedly laid off most of its workforce due to okada ban in Lagos state. This is coming after the Lagos state government’s decision to ban okada and tricycles in the state from operating on major roads. The company reportedly laid off most of its staff two…
The United Nations Development Programme (UNDP) has made a global call on agritech startups (including African startups) to apply for its Cultiv@te Programme. This Programme is focused on driving towards sustainable agriculture for the future. The Cultiv@te initiative is basing applications on 3 main themes of agriculture. These are urban agriculture, rainfed agriculture, and…