Author: Tapiwa Matthew Mutisi

Moniepoint and Paga, two financial service providers, have recently communicated to their customers that any accounts found to be involved in cryptocurrency transactions will be subject to closure. This development follows the directive from the Central Bank of Nigeria (CBN) that instructed certain newly established banks, including Moniepoint, to halt…

The Startups Without Borders summit is gearing up for its fifth annual event, scheduled to take place on the 10th and 11th of May in Egypt’s capital, Cairo. This year’s summit will be hosted at Kamelizer Spaces, located in the modern District 5 area. The event is poised to adopt…

Econet’s subsidiary, Sasai Money Transfer, has announced the removal of transfer fees for remittances sent to Zimbabwe from both South Africa and the United Kingdom. This decision has been made in response to the severe drought conditions currently affecting Zimbabwe, with the aim of providing financial relief to Zimbabwean nationals…

At the conclusion of the collaborative Saudi-Egyptian VMS Bridge programme, ten innovative Egyptian startups have emerged as victors, each securing prestigious awards. The VMS Bridge programme is designed to foster growth and expansion for startups on local, regional, and international levels. It serves as a conduit between the entrepreneurial communities…

The Egyptian startup Waffarha, which specializes in group-buying, has recently raised a substantial seed investment in the seven-figure range, aimed at accelerating its growth trajectory. This infusion of capital is earmarked for enhancing the startup’s technological backbone, attracting and hiring new talent, and facilitating its geographic expansion, particularly into the…

The Kenyan agricultural technology startup Farm to Feed, which has developed a business-to-business platform designed to repurpose excess agricultural produce by linking it with new markets, has successfully secured an investment from Renew Capital. The amount of the investment remains undisclosed, but the funds are intended to facilitate the expansion…

Nigerian startups in their infancy are being called upon to participate in the upcoming second iteration of the Pitch2Win competition, which boasts a substantial reward of up to $10,000 in prize money and an opportunity for an all-expenses-paid trip to Japan. Organized by Techcircle in partnership with Freakout, SGverse, and…

Venture for Africa, a prominent talent hub known for sourcing exceptional hires for the technology startup sector on the African continent, has forged a collaborative effort with Africa Product Peers, a professional community for those in product management, design, and technology roles, to initiate a specialized career bootcamp aimed at…

NBA Africa has announced the opening of applications for its startup accelerator program, Triple-Double, which is designed to support and empower early-stage African startups. The program will offer cash awards and additional forms of assistance to the selected participants. The accelerator is managed by ALX Ventures, a technology incubator, and…

Village Capital, in collaboration with the Norwegian Agency for Development Cooperation (Norad), has initiated a comprehensive program called Empowering Sustainable Entrepreneurship Africa. This initiative is designed to bolster the capabilities and influence of Entrepreneur Support Organizations (ESOs) and startups that are focused on climate-related issues in five African countries: Ghana,…

Qualcomm recently unveiled the selected finalists for its Qualcomm Make in Africa 2024 initiative, alongside announcing the winner of the 2023 Wireless Reach Social Impact Fund. As a leading entity in the realm of wireless communication technology development and services, Qualcomm orchestrates the Make in Africa program—an equity-free mentorship offering…

The second installment of the Intel Liftoff Hackathon beckons African AI startups to engage in a dynamic and collaborative competition, aptly aimed at spurring tech-savvy entrepreneurs, developers, and AI aficionados to co-create innovative solutions tailored to address the distinct challenges faced in Africa. Scheduled to occur virtually from May 27…

Madica, a pre-seed funding initiative with a focus on nurturing African-based startups, has recently announced its investment in three burgeoning enterprises on the continent: Kola Market, GoBEBA, and NewForm Foods. This announcement occurs in the midst of a funding downturn for African startups, which saw a retreat to $3.5 billion…

Pishon Health, an African healthcare innovation hub, has recently unveiled its Social Innovation Incubator initiative. This program is dedicated to supporting pioneering individuals who are creating technology-focused healthcare solutions. By participating in the program, these innovators gain critical access to educational resources, experienced mentors, and the possibility of securing financial…

The broadcasting giant MultiChoice Group, based in South Africa, has made a crucial change to its leadership team with the immediate stepping down of its Chairman, Imtiaz Patel. This decision is understood to be a response to concerns raised regarding the company’s adherence to corporate governance standards. Despite an earlier…

As the cryptocurrency landscape continues to mature in Africa, the Kenyan government has taken a proactive step by establishing a multi-agency technical working group dedicated to overseeing and regulating the burgeoning digital asset sector. This pivotal move arises nearly a year subsequent to an announcement by the Kenya Revenue Authority…

HyperionDev, the South African tech education firm, has successfully secured a significant investment of R95 million, approximately 5 million USD. This financial boost elevates the company’s aggregate investment to R595 million, roughly equivalent to 31.1 million USD. The specifics regarding the identities of the investors from the latest capital round…

Beltone Venture Capital (BVC), which operates under the Egyptian firm Beltone Holding, has initiated a strategic alliance with CI Venture Capital, a venture arm under Citadel International Holdings from the UAE. Together, they have established a sizable fund specifically targeting early-stage startup growth, amounting to US$30 million. This fund is…

African technology startups have been extended an invite to participate in the investment showcase segment of the upcoming Africa Tech Summit (ATS) in London, scheduled to take place this June. ATS London has gained recognition as a prominent technology-centric summit that catalyzes business and investment connections throughout the African continent.…

The government of Ghana has embarked on an initiative to formulate and implement local content regulations specifically for the telecommunications industry, with an aim to bolster reliance on indigenous resources and to give precedence to Ghanaian telecom enterprises. At a notable event held in Accra, the capital city of Ghana,…