Author: Staff Writer

Cairo based startup, Breadfast, has raised an undisclosed seven-figure (USD) series A funding led by 500 Startups and Egyptian Businessman and investor Mohamed El Sewedy, COO of El Sewedy Electric, one of country’s leading manufacturer of integrated energy products, according to MENAbytes Mostafa Amin, the co-founder and CEO of Breadfast, says…

Village Capital, a global organization that finds, trains and funds entrepreneurs solving some of the world’s most challenging problems, will soon close applications for Agriculture Africa 2019 program supported by Ceniarth and Small Foundation. The program will train 12 agriculture startups in efforts to scale their businesses, connect with mentors…

Launches MumsVillageShop with a curated range of Genuine Local and Global Mum and Baby Brands The e-commerce portal to provide opportunities for entrepreneurial mothers to set up online storefronts and help shoppers select the right products MumsVillage, a leading parenting website for expert advice and online community support in Kenya,…

Abdel-Adheem Hassan, a lawyer based in Sudan, is currently the only civilian with internet access in Sudan. According to a BBC report, Abdel-Adheem Hassan won a lawsuit against telecoms operator Zain Sudan over the blackout ordered by Sudan’s military rulers. However the victory only extends this privilege to him. The…

Office Space provider, Wework will open its second African location in Cape Town South Africa. The first location in Africa was also in South Africa but in Johannesburg. Founded in 2010, the American company provides shared workspaces for technology startup subculture communities, and services for entrepreneurs, freelancers, startups, small businesses…

Nigerian renewable energy company, Arnergy, today announced it has raised $9 Million in a Series A round of funding led by Breakthrough Energy Ventures with participation from the Norwegian Investment Fund for Developing Countries (Norfund), EDFI ElectriFI and All On. “We are excited to enter this next phase in Arnergy’s development with…

A World Investment Report released by the United Nations Conference on Trade and Development (UNCTAD) states that Africa experienced an 11% increase in Foreign Direct Investment (FDI) in 2018 over the previous year. Growing demand for some commodities and a corresponding rise in their prices as well as the growth…

Naspers has invested R30 million (US$2.1 million) in South African tech start-up SweepSouth. This is the first investment by Naspers in its commitment to support talented and ambitious entrepreneurs in South Africa who are using technology to improve people’s daily lives. Late last year, Naspers announced at the inaugural South Africa Investment…

Oil Magnate and Chairman of Forte Oil, Femi Otedola, has announced his exit from the oil sector with the sale of final 75% stake in Forte to a local oil trading entity, Prudent Energy. The Chairman made this announcement via a tweet “A few years ago, my team and I embarked…

If you’re running a small business, you are constantly looking for ways to expand your business, reach more customers and become more successful. You wouldn’t have a small business if this wasn’t part of your long-term goals. While there are countless ways that you can expand your business, one of…

On 25th June, 2nd July & 7th July, Future Females is partnering with Facebook to host a three-part webinar series, to teach entrepreneurs exactly how to create engaging content, connect with customers and build thriving online businesses, through the Facebook & Instagram platforms. The amount of time people spend on…

Truecaller, the Caller ID & Spam Blocking app, announced that it has started the rollout of a new voice calling feature, Truecaller Voice. The firm said that its app can now be used to place free VoIP-powered voice calls. This new feature pits the app against Facebook’s WhatsApp which the social…

East African investment company, Centum, has announced that it had entered an agreement to sell its stakes in Almasi Beverages Limited and Nairobi Bottlers, with a total valuation of 19.5 billion shillings ($192.5 million), to Coca Cola Beverages Africa. According to the company, “The proceeds from these transactions will be applied…

Airtel Africa has set a price range of 80 to 100 pence per share for its planned initial public offering (IPO) on the London Stock Exchange as the mobile operator seeks to cut its debt levels. From the issuance of about 595.2 million to 744 million new shares, the company expects to…

Whether you believe it or not, the official reason for internet shutdown in Ethiopia is to prevent cheating in the country’s national examinations. Access to the web was “totally cut off” on Tuesday morning, June 11, and there’s been only an intermittent restoration of services since then, according to NetBlocks,…

Sealing technology forms a critical component for many applications across multiple industries. From engine gaskets in automobiles to hydraulic systems in airplanes to medical seals in healthcare, seals play a versatile range of essential functions that make an array of technological achievements possible. These achievements in turn depend on sealing…

French investment company Creadev has invested US$5 million in Kenyan agric startup, Twiga foods. Backed by the Mulliez family, Creadev is investing to support Twiga’s growth and upscale its support to small-scale farmers in the country. With this investment, the initial investors of Twiga – Adolf H. Lundin Charitable Foundation,…

IBM announced the expansion of its quantum computing efforts to Africa in a new collaboration with the University of the Witwatersrand (Wits University) in South Africa. Wits University is the first African academic partner in the IBM Q Network and will be the gateway for academic collaboration across South Africa, and to the other 15 universities who are part of the African Research Universities…

Norrsken, a coworking space and investment fund based in Stockholm, is opening a tech fund and entrepreneurship hub in Kigali, Rwanda today. This will be the second market after Stockholm. Norrsken will offer training to entrepreneurs, capital, advice on how to set up a business and partnerships with other incubators and…

Kenyan entrepreneurs and contractors selling goods and services to small and medium-sized enterprises (SMEs) in the U.K. can now receive payments faster and more conveniently following the launch of WorldRemit For Business.  Launched by leading digital remittances firm WorldRemit, the new service enables U.K.-based SMEs to quickly pay their employees and contractors…