Kenyan-based health record management platform, Afya Rekod has raised $2million in Seed funding, led by Mac Venture Capital. Mac Venture Capital is a US-based seed-stage venture capital firm that invests in technology startups leveraging shifts in cultural trends and behaviors. Other participants include Next Chymia an Asian private firm that focuses on…
Author: Oluwasegun Olukotun
Casava, Nigeria’s first 100% digital insurance company, has secured $4 million in pre-seed funding to provide affordable and accessible insurance products for millions of Nigerians. Starting with income protection and health insurance, the insurtech startup is leveraging artificial intelligence and behavioural science to deliver game-changing claims and benefits products. The…
Opera GX is now available on Epic Games Store making it the first web browser for gamers available in the store. The Opera GX is designed with unique features including RAM, CPU and network bandwidth limiters, as well as a unique, gaming-themed look and feel including adaptive background music. The…
Netflix and UNESCO have announced the 20 shortlisted candidates who will go forward in the exciting short film competition ‘African Folktales, Reimagined’. Interestingly, the video-streaming platform also announced that an extra candidate was added to the list due to the quality of submissions received making it 21 filmmakers on the…
Block has completed the $29 billion acquisition of ‘buy now, pay later’ firm Afterpay. The Acquisition will enable Block to better deliver compelling financial products and services that expand access to more consumers and help drive incremental revenue for sellers of all sizes. Jack Dorsey, Block co-founder, and CEO said,…
The Government of Bayelsa State, Nigeria, and Zipline, the global leader in instant logistics have entered into a partnership. The partnership will see the Government of Bayelsa leverage Zipline’s drone technology to deliver essential medicines, blood, and other medical commodities to health facilities within the state. Zipline, as part of…
BlackBerry Limited has sold all of its non-core patent assets to Catapult for total consideration of $600 million. Patents that are essential to BlackBerry’s current core business operations are excluded from the transaction. BlackBerry will receive a license back to the patents being sold, which relate primarily to mobile devices,…
Moove, the African mobility fintech company, has today announced the closing of a US$10 million financing facility from NBK Capital Partners, strengthening the company’s mission to democratise vehicle ownership across Africa. The growth facility from the Fund will support Moove’s expansion in West Africa initially, executives said. Moove is the…
EkoRent Africa, backed by investment company InfraCo and EEP Africa has signed an Agreement with Strathmore Energy Research Centre to launch Nopea SolarHub Electric Vehicle Charging Station in Nairobi, Kenya. EkoRent operates NopeaRide, an all-electric taxi-hailing service in the city with 14 grid-tied charging points in six locations across Nairobi: the…
The U.S Consulate General in partnership with the Inter-Religious Coalition Against Corruption in Nigeria has launched ReportMagoMago.com, a unique web-based portal that leverages citizen engagement to fight corruption. The Inter-Religious Coalition Against Corruption in Nigeria, led by Bishop Emmanuel Gospel Isong and Imam Shefiu Abdulkareem Majemu was formed in 2016…
African Development Bank (AfDB) has given a grant of $10 million from the Green Climate Fund, for which the Bank is the accredited agency to Liberia, to improve the country’s early warning weather systems. The project will also receive $431,969 from the Bank’s ClimDev Africa Special Fund and $1 million…
Orange’s Board of Directors has appointed Christel Heydemann as Chief Executive Officer of Orange with effect from 4 April 2022. The network operator and digital service provider believes that in appointing Christel Heydemann, Schneider Electric’s current Executive Vice President Europe Operations, it has selected a candidate who is recognized for…
AFEX, Nigeria’s leading commodities market player and the country’s first private sector commodities exchange, has today announced the reopening of its $240m (₦100bn) Asset-Backed Commercial Paper (ABCP) to help stabilize Nigeria’s agriculture sector by offering Agro-processors low-cost financing to bridge the funding gap between lenders and borrowers. Today’s new funding,…
Meta on Thursday announced some exciting updates to Messenger’s opt-in end-to-end encrypted chats, including group chats and calls, notifications for screenshots of disappearing messages, stickers, GIFs, reactions, and more. The new updates include: End-to-end Encrypted Group Chats and Calls on Messenger: Last year, the company announced it began testing end-to-end…
Google Cloud on Thursday announced the launch of a new dedicated Digital Assets Team within Google Cloud to support its customers’ needs in building, transacting, storing value and deploying new products on blockchain-based platforms. This new team will enable Google Cloud’s customers to accelerate their efforts in this emerging space…
Fintech company, Esusu, today announced it has raised $130 million in a Series B funding round led by Softbank at a $1 billion valuation. The Series B financing provides Esusu with the capital to execute its mission of dismantling barriers to housing for working families and work towards unleashing the…
TLcom, the Africa-focused venture capital firm, has announced a first close of $70 million for its $150 million Africa focused tech fund, firmly positioning the investor to become the largest independent VC firm fully dedicated to the continent. With a first close in line with the total size of its…
Santander Bank has launched Zinia, a new buy now, pay later (BNPL) platform. The technology behind Zinia has been in operation in Germany for the last one year and has successfully attracted more than two million customers. A feat that has transformed Santander into one of the biggest BNPL players…
NBA Africa has partnered with one of the best-selling cognacs in the world, Hennessy to announce the NBA Crossover, an invite-only lifestyle event that will showcase the convergence of the NBA and popular culture through the art, fashion, music, and technology that surround today’s game. The event will take place…
Crypto-fiat exchange, Bitmama, has announced a new feature, Buy Crypto Pay Later (BCPL), which allows users to collect loans without collateral from its platform to buy cryptos. The platform is the first in Africa to be launching this product and it is doing so in partnership with its lending partners.…