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  • in Funding

    South African AI Startup Spatialedge Raises $3.1 Million in Recent Funding Round

    Spatialedge, a startup based in South Africa specializing in data and applied AI solutions, has successfully raised ZAR60 million (approximately US$3.1 million) to advance its mission of transforming the retail industry. Established in Stellenbosch in 2017, Spatialedge focuses on providing big data and applied machine learning solutions to enable businesses to rapidly develop and deploy […] More

  • in Financing

    Pula Secures $20 Million in Series B Financing to Aid African Farmers

    Africa's Bee Farming Sector (An Illustration)

    Pula, an agricultural insurance and technology startup, has successfully completed a $20 million Series B financing round. This capital will be used to offer insurance coverage to numerous smallholder farmers in developing nations, who would otherwise lack protection against natural calamities such as droughts or floods. The funding round was spearheaded by BlueOrchard, a global […] More

  • in Fintech

    Anchor, a Fintech Platform from Nigeria, Unveils ‘On Deck’ Initiative to Train Africans in Financial Technology

    Fintech

    As Nigeria progresses in its mission to make financial services more accessible, efficient, and cohesive, traditional financial institutions are introducing digital options and the number of fintech companies is increasing. Currently, there are more than 200 fintech firms in Nigeria, and established companies are expanding to include financial services. Amidst this burgeoning fintech scene, the […] More

  • in Startups

    Leading African Fintech Firm Prepares for Initial Public Offering

    Flutterwave

    Flutterwave, Africa’s top-valued startup and a leader in digital payments based in Nigeria, has updated its corporate team in preparation for a forthcoming initial public offering, according to the company’s CEO. Speaking at Semafor’s World Economy Summit in Washington D.C. on April 18, CEO Olugbenga ‘GB’ Agboola discussed the strategic steps Flutterwave is taking toward […] More

  • in News

    Kenyan Legislators Approve Landmark Free Trade Agreement with European Union

    Kenyan legislators have ratified a preferential trade agreement with the European Union (EU), resolving a longstanding issue with fellow East African Community (EAC) members who declined a collective agreement in 2016. The Economic Partnership Agreement (EPA) will afford Kenyan merchants duty-free and quota-free entry into the $13.9 trillion European market. According to the EU, total […] More

  • in Startups

    NBA Initiates Program to Support Emerging African Startups

    In support of President Biden’s Digital Transformation with Africa Initiative and building on the U.S. Department of Commerce-wide Africa strategy, NBA Africa today announced the launch of “Triple-Double: NBA Africa Startup Accelerator,” a startup accelerator based on the continent focused on early-stage African startup companies. The Triple-Double: NBA Africa Startup Accelerator, operated by ALX Ventures, […] More

  • in News

    Zambian Tech Minister Advocates for Pan-African Cooperation

    Felix Mutati, Zambia’s Minister of Technology and Science, asserts that Africa is emerging as the new world, presenting numerous opportunities across the continent. At the 2024 Connected Africa Summit, Kenya’s President William Ruto emphasized the importance of unity among Africa’s IT leaders to drive digital transformation across the continent. Kenya stands as a front-runner in […] More

  • in News

    Electric Revolution: M-KOPA and Bolt to Deploy 5,000 E-Bikes Across Kenya

    Mazi electric bike

    M-KOPA, a prominent African fintech platform specializing in asset finance, has partnered with Bolt, a leading on-demand mobility service in Africa, to introduce an electric bike fleet in Kenya. This joint initiative offers both new and existing drivers the opportunity to lease ROAM and Ampersand electric motorbikes at discounted rates compared to current market prices. […] More

  • in News

    Kenya’s Ministry of Communications Urges TikTok Regulation, Shuns Total Ban

    Kenya’s Ministry of Information has expressed opposition to any proposals for banning TikTok, advocating instead for increased regulation of the popular Chinese short-video platform owned by ByteDance. During a parliamentary session on Friday, John Tanui, the ICT principal secretary, outlined the risks associated with a ban, which include the creation of splinternets, suppression of competition, […] More

  • in Blockchain

    South Africa’s Regulator Greenlights Crypto Asset Providers for Licensing

    mastercard crypto

    South Africa’s Financial Sector Conduct Authority (FSCA) has officially confirmed and detailed the list of crypto asset service providers (CASPs) currently approved to operate. The regulator announced that a total of 75 institutions have been authorized. It addressed reports in some media suggesting that certain institutions were the first or only ones to be licensed. […] More

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