Catalyst, an AfriLabs and ABAN platform has launched to increase funding for startups in Africa as well as support the startup ecosystem including hubs and angel network. ‘‘We have all recognized the need to increase early stage funding for our African founders. Catalyst not only does that, but it helps ...
Glovo, a global delivery firm has launched operations in Kitengela and Nakuru towns as part of its expansion strategy to provide delivery services in various parts of the country. Glovo, which competes Sendy, Uber Eats and Bolt Food, claims to have the widest coverage in Nairobi and is now expanding ...
Sendy, Kenya's logistics platform has opened up its platform to include freight services from the inland container depot and long-haul logistics services. The entry into freight services signals Sendy's growth from an on-demand Consumer-to-Consumer and Business-to-Consumer platform to a big-league platform for B2B transporters domestically, across East Africa, and throughout ...
BBOXX, a pay-as-you-go (PAYG) solar energy firm, has raised $50 million Series D funding round led by Mitsubishi Corporation to expand across Africa and Asia. ENGIE Rassembleurs d’Energies, Bamboo Capital Partners; DOEN Participaties and MacKinnon, Bennett & Company (MKB) participated in the round. According to Mansoor Hamayun, CEO and Co-founder, ...
ZOLA Electric, formerly Off Grid Electric, has partnered with OVH Energy, a Nigerian provider of trusted petroleum products and services to make access to renewable energy products easier across Nigeria. The deal gives Zola Electric access to OVH Energy's up to 350 fuel service stations in Nigeria to help it ...
Palladium, a global consultancy, is raising $40m for off-grid solar and agribusiness startups operating in Kenya, Ghana and Nigeria. Dubbed the “Palladium Impact Fund I”, the fund is expected to provide much-needed capital for agribusiness value chains and off-grid clean energy ventures in Nigeria, Ghana and Kenya to alleviate poverty ...
Mr Green Africa, a Nairobi based recycler and recycled plastics supplier has received funding from DOB Equity, a Dutch family-backed impact investor in East Africa, and Global Innovation Fund, in partnership with Unilever. According to Keiran Smith, Co-Founder and CEO of Mr Green Africa: “We believe we are in the ...
Africa Women Innovation and Entrepreneurship Forum (AWIEF), has selected 22 women entrepreneurs as finalists in its annual awards in a move to promote excellence in entrepreneurship and innovation amongst women-owned businesses across Africa. The Awards take place on the last evening of the two-day event, October 29-30, 2019, in Cape ...
uKheshe, a South African micro transaction platform that allows card holders to pay and get paid, has announced the completion of its first seed investment round from Fitech Ventures and the Ocean on 76 Group. Ukeshe was under incubation as a CSI initiative within software development house Jini.Guru. In a statement, Clayton Hayward, co-founder of ...
In Nigeria and Africa at large, there is a huge disconnect between learners' academic qualifications and the skills needed to accomplish tasks in the workplace. Significant reforms are therefore required to revamp the education system to match skills needed in the workforce especially in Nigeria where over 43% of its ...
Global Disability Innovation Hub is set to launch the world’s first Assistive Technology Innovation Accelerator in Nairobi, Kenya as part of the Innovate Now programme. The Innovate Now accelerator is a £1.5m investment in African businesses that will provide tech support, mentorship and training to over 100 start-ups focused on ...
The Ethnic Brand, a Kenyan startup that wants to be an Uber for manufacturing, has raised $500,000 from Malaysia's Magic Accelerator to bring manufacturing as a service to global artisans and fashion gurus. Ethnic Brand, an offshoot of Alex Mativo's E-lab which was recycling obsolete electronic devices by turning them ...
OPay, a mobile platform powering mobile payments, loans with Okash, transportation with Oride, food & grocery delivery with Ofood, and other important services has raised $50 million to reach more users in Nigeria and expand into new markets across Africa as internet penetration grows across the continent. Led by IDG ...
The African Women in Technology (AWIT) Conference is scheduled to take place from July 18 - 20, 2019. Hosted yearly by IBOM LLC, the 3-day conference is themed "Awaken The Techazon Within" focuses on empowering, educating and connecting African women in business and technology. The aims to be the go-to ...
By Africa Netpreneur Prize Media Team What would you do if you were given free money for your business? Grants give the beneficiaries peace of mind to be able to build their businesses. They are an act of philanthropy and aim to inspire and or grow those who benefit from ...
MDaaS Global, a Nigerian tech-enabled diagnostic firm has raised $1 million seed funding to scale in Nigeria and replicate its innovative diagnostic center business model in West Africa over the next five years. The funding round was led by Consonance Investment Managers, with participation from Techstars and FINCA Ventures and ...
Bolt, formerly taxify, Europe and Africa's ride-hailing platform is set to launch its operations in 3 major urban centers in Kenya in a move that makes it the largest ride-hailing platform in Kenya geographically. With a new footprint in Kisumu, Kakamega and Thika, Bolt will be in five towns from ...
LeapFrog Investments has raised $700m in its largest-ever private equity fund by a dedicated impact fund manager, surging past its $600m target. The new is expected to reach 700 million consumers in emerging markets The new fund invests in healthcare and financial services companies – tapping into the demand from ...
Social influencer marketing has become incredibly popular in the world with marketers working with agencies and brands to increase their awareness and engagement. However, identifying micro-influencers – 80% of whom work independently, lack of audience-based planning, no clear ROMI, fraud among others deter firms and agencies from working with influencers ...
The Tony Elumelu Foundation, is now accepting applications for the 2019 cohort of the TEF Entrepreneurship Programme. The Programme is a 10-year, $100 million commitment to identify, train, mentor and fund 10,000 African entrepreneurs. The Programme’s objective is to generate at least 1,000,000 new jobs and create at least $10 ...
Being a woman in the workplace is already challenging enough but being a woman in the tech industry seems almost impossible. However, Dorcas Muthoni begun her journey when she was only 24 and since then she unlocked new opportunities in Kenya. She is the founder and CEO of a specialist ...
MEST Africa, (Meltwater Entrepreneurial School of Technology), now in its 10th year investing in tech entrepreneurs in Africa, has announced a funding round of USD $700,000 in startups formed from its recently graduated 2018 training program cohort by investing $100,000 in each of seven companies who will join MEST Incubators ...
DEMO Africa has launched DEMO Ventures, an investment arm leveraging on the great successes of Demo Africa over the last 6 years to raise a $100m fund focused on early stage and growth startups across Africa. “Our proprietary deal flow of the 3,000+ early stage enterprises will form the bulk ...
On-demand wireless streaming service Able Wireless is still alive and kicking and yesterday sent out a public update on its progress after a two year-silence, celebrating its reach in Kenya after several months of working in the trenches. After launching its BlackBIRD Service- providing WiFi at Just Ksh 500 a month and earlier ...
UNICEF is looking to make up to $100,000 of equity-free investments to for-profit early stage drone startups that have the potential to benefit humanity, through the UNICEF Innovation Fund. The fund is available to registered startups in any of UNICEF’s programme countries and will provide startups with US$100,000 seed funding ...
Gravity provides on the fly identity management services for low income populations in developing countries. People just need access to a mobile phone - any phone - to create a robust ID sealed on a block chain. For more than half a billion people in Africa, mobile operators are struggling ...
Workstation is a hip new co-working space in the heart of Lagos Nigeria. It was born out of the founder'S own need for affordable tech-enabled work spaces. Workstation's mission is to drive innovation throughout emerging and frontier markets by providing dynamic, curated work-spaces designed to cultivate creativity, increase productivity and ...
Ushuru.co.ke, is Kenya’s first premium online tax website. The site aims to lighten taxpayers burden, by making the process of filing their tax returns a little easier, which Kenyans have complained for years on end of its tediousness. Ushuru.co.ke is open to expats and Kenyans in the diaspora. Its ultimate ...
Triple Cord is one of the fast growing companies in the Information Technology world in Kenya. The company has a number of solutions for communication problems. Patience Atsango an Economist major from Kenyatta University and Edwin Oloo experienced a gap that needed to be filled in the IT communication ...
SA based ed-tech startup SkillUp is a platform for tutors and students to get connected. The startup recently received an undisclosed amount in series A investment from South African investment firm Knife Capital. The startup was born out of a realization of the ineffectiveness of the private tutoring industry. Naturally, ...
