Author: Tapiwa Matthew Mutisi

4Di Capital, a venture capital firm based in Cape Town, South Africa, is gearing up to launch its third venture fund aimed at providing seed to Series A funding for promising startups across Africa. Established in 2009, 4Di Capital has become a prominent name in the venture capital sector, particularly…

Wema Bank, a prominent financial institution in Nigeria, has recently entered into a strategic partnership with Daon, a globally recognized company specializing in digital identity and trust solutions. This collaboration is aimed at bolstering the security of Wema Bank’s digital platform by incorporating advanced facial recognition technology. The move comes…

Egyptian insurtech startup, Mal Bazaar, known for its digital one-stop-shop for insurance products, has recently taken a significant stride in its growth by acquiring a licensed insurance brokerage. This strategic move is set to position Mal Bazaar as a full-fledged insurance service intermediary, enhancing its ability to cater to the…

Telecom Egypt, the state-owned telecommunications provider in Egypt, in collaboration with SubCom, a leading supplier of subsea data communication systems, has successfully completed the landings of the India-Europe-Xpress (IEX) cable system within Egypt. This new system not only connects two continents—Asia and Europe—but also bridges two critical bodies of water,…

Copia Global, a Kenyan B2B e-commerce company, has recently taken drastic measures by laying off over 1,000 employees two weeks ago, and now, it is reportedly dismissing its remaining workforce of 1,500. The staff expected to receive their termination notices on Friday. The company’s troubles surfaced last month when CEO…

On Friday, MultiChoice Nigeria, a subsidiary of the South African pay-TV operator, publicly declared its plan to challenge the verdict handed down by the Competition and Consumer Protection Tribunal in Abuja. The company expressed dissatisfaction, claiming that the tribunal had violated its right to a fair hearing. The announcement followed…

Microsoft has embarked on a collaborative venture with Cyber Shujaa to provide advanced cybersecurity training to 100 students in Kenya, leveraging the resources of its Africa Development Centre (ADC) located in the country. This initiative is a strategic move by Microsoft to contribute to the fortification of the cybersecurity workforce…

Women Who Build Africa (WWBA), a vibrant community aimed at empowering women leaders, investors, and entrepreneurs throughout Africa, has proudly announced the dates for its second annual WWBA Assembly. Scheduled to take place in Nairobi, Kenya, on the 5th and 6th of September, this event marks a significant occasion for…

Accelerate Africa, an accelerator program aimed at boosting early-stage African enterprises, has announced its first group of participants after four months of activity. The initiative is spearheaded by Iyinoluwa Aboyeji, the founder of the Pan-African venture capital firm Future Africa, and Mia von Koschitzky-Kimani, a general partner. Their vision is…

The Nairobi-based innovation hub, iHub, has unveiled the 12 startups chosen for the second cohort of the Kenyan chapter of the Mastercard Foundation Ed-Tech Fellowship Programme. This initiative provides the selected startups with funding opportunities and various forms of support to aid their growth. In February of the previous year,…

The Information Technology Industry Development Agency (ITIDA) of Egypt has joined forces with Techne Summit, an influential platform for tech entrepreneurship, to transform the artificial intelligence (AI) sector in Africa, with a special emphasis on Egypt. A Memorandum of Understanding (MOU) has been signed between Techne Summit and ITIDA to…

The call for entries is now open for the fourth installment of the Egypt’s Entrepreneur Awards (EEA), a prestigious event designed to recognize and celebrate the most inventive and successful entrepreneurs operating in Egypt. The awards are open to Egyptian entrepreneurs who have founded companies registered in Egypt. Participants can…

Zone, an African payment infrastructure firm, has recently unveiled a new point-of-sale (PoS) payment gateway solution, leveraging blockchain technology and built upon its existing payment platform. This launch is a strategic move by Zone to expand its payment services across various channels, building on the company’s successful ATM transaction processing…

Nigeria’s Co-Creation Hub (CcHub), a pioneering force in the African innovation ecosystem, has unveiled “Let’s Build, Africa,” a comprehensive market-entry program designed to enable African startups to broaden their operational scope and penetrate new markets within the continent. Since its inception in 2010, CcHub has established Nigeria’s premier open living…

Revio, South Africa’s innovative payment orchestration platform known for streamlining the order-to-cash lifecycle for merchants, has undergone a significant transformation, rebranding itself as “Precium.” This change marks the company’s progression from a regional processing service to a comprehensive global payments platform. Established in 2020 and officially launched in 2021, Revio…

Bosso, a Zambian startup revolutionizing the construction e-commerce landscape, has successfully secured a $400,000 pre-seed investment to enhance its platform and introduce additional functionalities. Established in 2022 by a team of visionaries—Chisepo Chirwa, Mukopaje Singogo, Ibn Kafwanka, and Salwa Shamapande—Bosso has quickly become Zambia’s premier digital marketplace for construction materials,…

Birdnest, an Egypt-based property technology (proptech) company, has successfully completed a pre-Series A funding round, the amount of which remains undisclosed, to bolster its presence in the Egyptian market and venture into new territories. Co-founded in 2020 by Mostafa El-Nahawy and Ahmed Fadda, Birdnest is at the forefront of offering…

KPMG, a global network of professional firms providing Audit, Tax, and Advisory services, is gearing up to organize a significant event known as the Africa Venture Summit. This summit is meticulously designed with the goal of spurring on investment in private enterprises throughout the African continent. The event is slated…

Thndr, an Egyptian fintech startup specializing in digital investments, has successfully extended its operations to the United Arab Emirates (UAE) by securing a Category 3A license with a retail endorsement from the Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority (FSRA). Founded in 2020 by entrepreneurs Ahmad Hammouda and…

Orca, an innovative South African startup dedicated to combating fraud in emerging markets, has triumphantly closed a pre-seed investment round, raising $550,000. This funding round, which surpassed its initial target, was spearheaded by Norrsken22 and saw contributions from First Circle Capital, Musha Ventures, Kara Ventures, as well as from a…