L’Oréal has invested Partech Africa Fund, an investment fund launched early 2018 within Partech, and dedicated to the development of “Tech” projects in Africa. This investment is an addition to L’Oréal’s previous investments in venture capital funds (Partech International Ventures, Founders Factory,…

 Online shopping platform, MallforAfrica has officially launched its platform to Mombasa residents in a bid to tap into the high demand of consumers looking to access international stores virtually through the site. The move will now allow Mombasa residents to shop for…

Andela today celebrated the first set of developers to have completed their four-year Fellowship and are expected to join global and local companies, start their own ventures, or take senior developer roles at Andela in its mission to build the next generation of…

Vezeeta, a Cairo-based healthcare platform for MENA has received $12m led by Saudi Technology Ventures (STV) to help connect more MENA patients with healthcare providers and health services, expand regionally and invest in key new product offerings. BECO Capital, Crescent Enterprises Ventures,…

Uber has today launched its latest product, uberPOA , a Tuk Tuk service powered using Uber’s technology after a similar launch in Dar Es Salaam in a move set to provide Mombasa residents, a safe, reliable and affordable option of Tuk Tuks…

Lori Systems, a tech-enabled trucking logistics platform has launched into Uganda, Rwanda and South Sudan after winning multiple bids associated with the newly built $4B railroad system in East Africa, with the joint goal of driving down the costs of goods in…

JUMO, a South African fintech platform has closed an equity funding round of USD$52 million led by Goldman Sachs to further its growth and expansion into new markets. JUMO has offices in Kenya, Uganda, Tanzania, Rwanda, Ghana, Zambia, Pakistan, United Kingdom, Singapore and…

Ushahidi, a crisis management software developer based out of Nairobi has launched TenFour, a check-in application for teams. The firm says it built TenFour after a team member was involved in a terrorist attack and it needed a quick way to check in…

Plug and Play Accelerator and Abu Dhabi Global Market (ADGM) today announced BNP Paribas, Boubyan Bank, Finablr Group, First Abu Dhabi Bank (FAB), and Riyad Bank as the first five corporate partners to join the Plug and Play ADGM Fintech Innovation Platform…

The African Innovation Foundation has named the top 10 nominees for its prestigious Innovation Prize for Africa (IPA) 2018 awards themed, “African innovation: Investing in Inclusive Innovation Ecosystems.” The 10 beat more than 3 000 applications from 52 African countries in ICT, agri-business, public health…

Okra Solar, an Australian based technology company has successfully closed a ‘Pre-seed’ round of funding led by Schneider Electric Energy Access, paving the way for the innovative smart microgrid company to energise more off-grid households across South East Asia. The firm had…

Nairobi Garage sees more growth opportunities in Nairobi and across the continent after it signed a deal to host the new Nairobi operations of the African Leadership University (ALU) and the Meltwater School of Entrepreneurial Technology (MEST). “With the increased supply of…

  MPost, a solution that converts your phone to a mobile post office, is this year’s winner of the ‘South Africa Innovation Summit – an African startup competition that was held in Cape Town, South Africa, yesterday. The innovation summit featured 25…

 Truehost Cloud, a cloud hosting firm with East African roots has launched in Nigeria to help startups get into the cloud at an affordable fee in a move bound to shake up the country’s web hosting and cloud computing services.   Truehost Cloud’s Nigerian…

On Friday 7th of September, during Seedstars Dakar, SUDPAY won the Senegal round of Seedstars World and will represent the country at the Seedstars Summit in Switzerland to compete for up to USD 1 million in equity investment. The local winner, SUDPAY, allows…

RVE.SOL has closed a €2.5 million Series A financing round led by French-based Egis and South Africa’s G7 Renewable Energies (Pty) Ltd with participation of original seed Investors InnoEnergy and RKW to bring their patented, pay-as-you-go minigrid “KUDURA” to rural Busia, County Western…

​Pesapal has opened a new office in Arusha, Tanzania to cater to a growing demand for payment services by businesses in the region as well as support the company’s growth strategy particularly in the hospitality and retail segment. The new Arusha offices…

International money transfer company WorldRemit has launched a new digital service within Africa, making it easier to send and receive money across the continent and as well reduce the cost of sending money across borders. According to Ismail Ahmed, CEO and Co-founder of WorldRemit:“Just as WorldRemit…

Taxify has announced a new feature that enables drivers to maximise their daily earning potential. Driver Destinations allows drivers to indicate where they are heading. It then synchronizes with the Taxify app to find and connect them with trips that are on…

Real estate agent PropertyFox has acquired similar business Steeple for an undisclosed amount in a move that will consolidate South Africa real estate property market weeks after Pam Golding Properties acquired Eazi.com. Late last year also saw SA Home Loans take a…

Goodwell Investments which raised 20m Euros in February and recently invested into Nigeria’s Paga, has launched a new EUR 20 million fund for investments in the inclusive economy in Sub-Saharan Africa. The launch specifically meets the growing demand for impact investments from private investors, family offices…

Kenya’s FinAccess, a cloud-based core banking system, Egypt’s PraxiLabs which makes low-immersion virtual reality science labs for schools and Tunisia’s Think.iT which helps companies build top-performing engineering have each received $150,000 from Katapult Accelerator’s latest three-month accelerator program. The three among the 12 selected, impact-focused, startups which aim to…