Ghanaian agri-tech startup Farmerline has received grant funding from the African Development Bank’s $23 million Agriculture Fast Track Fund. The agrictech startup, which leverages innovative mobile technology to extend access to financial services, information, and high-quality input directly to farmers resulting in increased yields and incomes, is one of 17…
Author: AdeO
Jumia, Nigeria’s leading online shopping destination has empowered resident women in Lagos to deepen e-commerce penetration in the country. This is through the company’s Women & Youth Empowerment Programme, created to provide training and support to young women and youth seeking to expand their sources of income. The programme, which…
It is never easy to be an entrepreneur. For more than two decades, the numbers surrounding the survival rate of small businesses or startups have remained unfortunately consistent. Only a small number of all new businesses make it past their first year. After five years, 50 per cent of new businesses…
Eksab, a Cairo-based Daily Fantasy Sports (DFS) platform has raised six-figure seed funding from 500 startups. The startup announced without disclosing the exact size of the investment. Founded in 2017 by Aly Mahmoud, Eksab claims to have already processed over five million predictions in its first year and now looks to capitalize on…
On a daily basis across the world, online shoppers fill their shopping carts with tons of thousands of products such as groceries, electronics, health & beauty, gaming, phones and tablets. The quality of products purchased online has always been a point of debate among shoppers, especially since the products can’t…
Huawei has announced that it will delay the launch of its foldable 5G Mate X smartphone by three months, the latest setback for the company that was slapped with U.S. sanctions last month. The Mate X, a competitor to Samsung Electronics’ Galaxy Fold, is expected to be rolled out globally…
VC4A is looking for 10 innovative, high-growth scale-ups to showcase at Africa Early Stage Investor Summit on Nov 13-14 in Cape Town. Are you operating in Africa, generating revenue and looking to raise your Series A round in the range of $250K and $5M? This is the opportunity you’ve been looking for!…
Three African startups including Ghana’s Oze, Kenya’s WayaWaya and SA’s Snode Technologies — have each won $50 000 in equity investments at the MEST Africa Challenge final. In addition, MEST Africa, which runs a pan-African entrepreneurial training programme, seed fund, and incubator — said in a statement that the three will…
Netflix, the movie streaming giant, is unveiling new video games based on its shows, stepping up efforts to turn its streaming platform into a multimedia empire. Stranger Things 3: The Game, a title based on the popular teen series, will come out on July 4, the same day the third…
Naspers Ltd.’s PayU agreed to buy Turkish digital payments company Iyzico for $165 million in its biggest fintech acquisition yet. The deal will expand the Dutch unit’s exposure to Turkey’s e-commerce market, which is growing at more than 10% a year, the company said in a statement. The acquisition must…
PayU, owned by South Africa’s Naspers, has officially launched its payment service in Kenya. The company has been a licensed operator in the country since February 2019 and is looking to tap into anticipated regional economic growth. The African Development Bank estimates that economic growth in East Africa will remain…
AI Expo Africa the largest business-focused ArtificiaI Intelligence event in Africa has launched a grand challenge is to create an original piece of artwork or music that leverages AI. There will be one winner for each category (visual art & music) and winners must be citizens of an African country and must be…
Online travel platform, Travelstart continued its growth trajectory in Africa in terms of a deal to wholly acquire the Club Travel Group. The acquisition will boost Travelstart’s offering by adding Club Travel’s established complementary corporate and franchise divisions, creating a formidable full-service African travel group. “We love Club Travel because…
Opera, one of the world’s major browser developers, and a leader in the field of content platforms, presented today the report State of Mobile Web 2019, which gives a detailed look at the digital landscape of the African region. The report reveals that in Q1–2019, the Opera browsers and standalone news…
Every day, more than 269 billion emails are sent and sometimes it feels as though they are all ending up in our own, individual inbox. Volumes are only set to increase, given that more employees are working remotely, resulting in a greater reliance on electronic messages. It’s easy to spend a large portion…
MPost, which has developed a patented technology that enables users to transform their phone into a unique mobile postal address and mobile postal box, has raised undisclosed funding from South Africa Venture Capital firm HAVAÍC. The startup was founded in 2016 by CEO Abdulaziz (Aziz) Omar and CTO Twahir Mohamed.…
Fast moving consumer goods manufacturer, Unilever, has joined the ranks of multinationals leveraging the huge potential of e-commerce to create more visibility for their brands in Nigeria. Unilever has officially launched its store on Jumia, Nigeria’s number one online shopping destination, dubbed the ‘Everyday Essentials Store’. The online store houses…
With a growing population exceeding 20 million, Lagos is known to be the cash cow of Nigeria’s economy and one of the largest cities in Africa. The state needs adequate infrastructure to solve many of its challenges – transportation is one of such. A more effective transport system will ease…
Although having an online presence is quite affordable today, some small and medium scale businesses still struggle with the question of whether they should have an online presence or not. Plainly and expectedly, you would think that this question should not come up at all due to the huge exposure…
Following the success of the DHL Africa eShop app in 11 countries across Sub Saharan Africa, DHL Express has announced that its innovative mobile and desktop platform has been rolled out in 9 more countries across the continent. Hennie Heymans, CEO of DHL Express Sub Saharan Africa, says that they’ve seen impressive…