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Startups

Syndicate Bio Launches Direct by Syndicate Bio, an AI-Powered Genetic Testing Service

Syndicate Bio has launched Direct by Syndicate Bio, a genetic testing and precision medicine service designed to deliver actionable insights to patients, providers, and consumers across Africa. The firm also opened its sequencing laboratory in Lagos, enabling world-class genomic and...
Startups

Nigeria’s Syndicate Bio to Implement New Liquid Biopsy to Advance Cancer Diagnostics in Africa

Nigeria-based Syndicate Bio has signed a partnership with SOPHiA GENETICS, a cloud-native software company to make comprehensive genomic profiling and liquid biopsy widely available to patients throughout the entire continent and advance health equity on a global scale. There are...
Startups

Biola Alabi joins CASF as venture partner

Cairo Angels Syndicate Fund (CASF), a micro venture capital fund that invests in early-stage startups in the Middle East and Africa has  announced Biola Alabi joining as a Venture Partner. Biola will join the team effective immediately and take the...
Business

Feyisayo Eweje: The Nigerian-American Scientist Whose Startup Is Engineering the Future of Gene Therapy

Feyisayo (Sayo) Eweje, a Nigerian-American scientist and co-founder of Procure Bio, is not the kind of scientist who accepts limitations. Whether he is clicking through a Rubik’s Cube or wrestling with one of medicine’s most stubborn questions such as...
Business

African Genomics Startup 54gene Shuts Down After Raising $45 Million

54gene, the pioneering African genomics startup once hailed as a breakthrough for global health equity, has begun winding down operations after raising a total of $45 million from international investors. Founded in 2019 by Dr. Abasi Ene-Obong, 54gene set out...
Cybersecurity

Smile ID Report: East Africa Grapples with Surge in AI-Driven Fraud and ‘Execution Gap’

The rapid expansion of East Africa’s digital economy is outstripping its security foundations, as fraudsters increasingly use artificial intelligence to exploit the region's mobile-first infrastructure. According to the 2026 Digital Identity Fraud Report by Smile ID, the landscape of cybercrime...
Startups

Global Startup Awards Africa announces 16 category winners

The Global Startup Awards Africa (GSA) Africa, has named 16 category winners at the GSA Africa Summit in Addis Ababa, Ethiopia. The GSA Africa launched in 2021, has nominated over 15,000 African innovators from 54 countries and hundreds of innovation...
Tech

Dutch’s FMO injects $295m into Nigeria’s Access Bank to support women and youth-led SMEs

Dutch development bank FMO has announced a $295m (€270m) syndicated loan facility, to Access Bank, Nigeria’s largest lender by assets, to support women-led and youth-led SMEs with working capital at a time when most of them are struggling to stay afloat. British International...
Business

TerraPay raises $95 million from IFC, Finnfund & BII for low-cost remittance transfers across Africa

TerraPay, an Africa-focused digital payments provider, has raised $95 million from the International Finance Corporation (IFC) and the British International Investment (BII) to boost access to affordable remittances and support livelihoods and business activity across Africa. IFC's $75 million financing...
Startups

Global Startup Awards Africa Announces 16 Winners Innovating for a Global Africa

The Global Startup Awards Africa (GSA) Africa, in collaboration with the Global Innovation Initiative Group (GIIG), the Ethiopian Ministry of Labour and Skills (MOLS), the Ethiopian Ministry of Innovation and Technology (MInT) with the support of the Entrepreneurship Development...
Startups

Egyptian life science startup Nawah Scientific secures undisclosed investment for expansion.

The Cairo Angels Syndicate Fund (CASF), a micro venture capital fund that invests in early-stage startups in the Middle East and Africa, has announced its second investment, this time in a dedicated round for CASF, in the Life Sciences...
Startups

Nigerian anti-counterfeiting startup Chekkit secures $500k pre-seed funding for expansion.

Chekkit, a Nigerian anti-counterfeiting startup, has raised a pre-seed funding round of US$500,000 to help it expand its operations in the pharmaceutical and FMCG industries. Chekkit, which was founded at the Meltwater Entrepreneurial School of Technology (MEST) in Accra, Ghana,...

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