Tunisian IoT smart energy management solution, Wattnow, has secured a $1.3 million pre-Series A funding round. The investment round was led by Katapult Climate; the Norwegian climate impact fund and 216 Capital; the newly incorporated VC fund in Tunisia; with the participation of Launch Africa Venture; Africa’s most active investors;…
Author: Oluwasegun Olukotun
Shatablee, a digital interior design & build platform tackling the diverse finishing problems in the Egyptian Market, raised a $1.2 million funding round to scale operations as it seeks to optimize and fully digitize the interior finishing journey. Founded in 2021, Shatablee aims to digitally transform the traditional home finishing…
Nigerian crypto exchange, Busha, has launched its new crypto savings feature Busha Yield. Busha Yield enables customers to earn up to 10% APY — eight times the minimum rate for savings deposits with banks1 — on Dollar stablecoins (regulated stablecoins with 1:1 peg to the U.S. dollar). According to the…
Chefaa, Egypt’s patient-centered pharmacy benefits platform, has raised an undisclosed venture round from Newtown Partners and Global Brain as well as GMS Capital Partners. Founded in 2017 by Rasha Rady and Doaa Aref, the female-led healthtech is an e-pharmacy platform that provides an end-to-end healthcare experience. The new round will…
Volvo is testing a new wireless charging technology in a live city environment. The car maker with selected partners is evaluation the potential of this technology for future electric cars. The testing will be conducted over a three-year period with a a small fleet of fully electric Volvo XC40 Recharge…
Vodacom in partnership with Amazon Web Services (AWS) and Intel has launched Africa’s first Amazon Web Services Outposts Innovation Lab. Located in Johannesburg, the infrastructure will help enterprise and public sector customers of Vodacom Business to accelerate their digital transformation journey by building, managing, and scaling their local applications using…
Orange Cote d’Ivoire and Yabx Netherlands, a fintech venture offering credit products across multiple countries in Africa have partnered with Cofina Cote d’Ivoire, a leading financial institution dedicated to mesofinance, to facilitate smartphone financing for Orange customers. This partnership will make a significant difference in promoting digital lifestyle and expanding…
Salary on-demand startup Cadana, through a strategic partnership with Flutterwave has expanded operations into Nigeria. Cadana helps businesses delight their employees by providing modern payroll platforms that allow employees access to their earned salary on-demand, anytime, anywhere. Following this partnership, Flutterwave processes payments for employers and employees on Cadana. There…
Mumerz, an Egypt-based platform for parent and child needs has raised $1.2 million in a pre-seed round led by investment firm Disruptech. Mumerz.com is a parent & child community platform and a one-stop online shop for all parent and child needs. The largest bilingual community and e-commerce platform in Egypt…
Global health-tech company, Susu, focused on making healthcare accessible and affordable for every African, has completed a €2 million pre-seed funding round with angel investors. According to the company, part of the funding was also raised as debt, and grant financing from BPI France, the French government’s public investment bank.…
M-KOPA, the fintech platform that provides connected financing and digital financial services to underbanked consumers across four markets in Africa, today announced its $75M Growth Equity round. The round was led by Generation Investment Management and Broadscale Group, with participation from new investors including LocalGlobe’s Latitude Fund and HEPCO Capital…
Telestat, one of the largest satellite operators in the world, and Liquid Intelligent Technologies have entered into a strategic cooperation agreement to explore reciprocal go-to-market strategies to bring Telesat Lightspeed Low Earth Orbit (LEO) satellite services to Africa. The companies will cooperate on the commercial and technical aspects of integrating…
Audiomack in partnership with the Black Music Action Coalition has launched the ‘Black Music Executives Are The Future’ paid internship and mentorship program. This program is aimed at developing the next generation of Black executives in the music industry and is powered by Culture Fusion Agency. As part of the…
MTN recently announced a rebranding of its corporate identity and a move to transition from a telecommunications company to a technology company. Today, the company has officially unveiled its evolved visual identity, articulating the context behind the logo many have seen since 16 February 2022. This is the second brand…
The Nigerian Communications Commission (NCC) has announced that the winners of the 3.5 gigahertz (GHz) spectrum auction for the deployment of Fifth Generation (5G) technology, MTN Communications Nigeria Plc, and Mafab Communications Limited, have made their full payment of $273.6 million each for the 5G Spectrum license to the Nigerian…
Samsung Electronics today announced its Galaxy S22 smartphones and Galaxy Tab S8 series are available in markets around the world following record-breaking preorders. According to the company, the Galaxy S22 series and the Galaxy Tab S8 series saw more preorders within the first week than any other Samsung smartphone and…
One of the world’s leading telecom groups in emerging markets, Etisalat has rebranded with a new identity called e&. The rebranding marks the transformation ambitions of Etisalat Group into a global technology and investment conglomerate. Present at the launch held on Wednesday were His Highness Sheikh Mansour Bin Zayed Al…
Clubhouse has introduced the in-chat room feature which allows users to communicate with each other via text during a live room. For creators, in-room chat will offer another touchpoint with audiences in a room and provide a way to get feedback in real time. Clubhouse believes this new feature will…
GE Healthcare and Kenya-based startup Afya Rekod have announced a strategic collaboration that seeks to transform care delivery through improved access to personal health data in Kenya, Nigeria, and South Africa. The partnership will give patients an accessible record of their own health history, including radiological images, by enabling hospitals…
Opera signaled its intent for a share of the cryptocurrency market when it launched its crypto browser in January 2022. Not resting on its oars, the company has taken another stride as the Opera for Android (OfA) has integrated Ethereum Layer 2 Wallet becoming the first mobile browser to do…