Swypex, an Egyptian fintech startup, has recently launched its all-in-one financial services platform for businesses following a successful $4 million seed investment round.  The renowned venture capital fund Accel led the investment, which is making its first fintech investment in the region. Egyptian businesses face several challenges when it comes to financial management. Many rely […]

Bloo Money, formerly Moya Money, has unveiled its vibrant new identity, signalling a fresh chapter in its journey as a South African fintech startup. Founded in March 2021 by Thulani Masebenza and Sabica Pardesi, Bloo Money empowers freelancers through its innovative financial app. According to the founders, the decision to rebrand was driven by several […]

Oriki Energy, a Paris-headquartered social enterprise, has announced a significant initiative to bolster Nigeria’s solar power sector. The company’s strategy involves establishing a network of solar stations that promise profitability and sustainability, aimed at invigorating local economies from the ground up. Oriki Energy’s commitment is set to materialize in Abeokuta, Ogun State, where a diverse […]

Madica, a pioneering investment initiative, has unveiled its inaugural investments in three groundbreaking startups. This strategic infusion of capital, up to $200,000 for each venture, is part of a broader commitment to nurture early-stage African innovation through comprehensive support over 18 months. Madica, which emerged in 2022 under the auspices of Flourish Ventures, operates with […]

Three Nigerian students studying in the United Kingdom have launched “Sandfortcare“, a groundbreaking healthcare startup to ensure quality care for elderly parents back home in Nigeria.  The founders, Damilola Olaopa, Hameed Abdulrahman, and Isatayo Samuel, are trying to bridge the gap between children living abroad and their ageing parents who often lack adequate support. The […]

Madica is a structured investment programme designed for African pre-seed enterprises. Its goal is to enable mission-driven entrepreneurs by providing more individuals with access to excellent company-building support, which is now only accessible to a select group of connected business owners. To help startups grow and ensure their long-term sustainability, Madica offers highly tailored instruction, […]

The abrupt closure of Thepeer, an API-driven startup, has sparked a wave of concern among its investors.  The company, which had once set out to revolutionise wallet-based payments in Nigeria, found itself at a crossroads, leading to a shutdown that has left stakeholders clamouring for transparency and accountability. Launched with much fanfare and the backing […]

Ivorypay, a Nigerian startup specialising in blockchain-based payments and remittances, has entered a partnership with Tether, the stablecoin issuer.  This collaboration aims to enhance digital transactions, making them more accessible and affordable for African users. The partnership allows Tether to mint and issue USDT directly to Ivorypay, providing the startup with the liquidity needed to […]

The Youths for Environmental and Advocacy Centre (YEAC-Nigeria) has unveiled a pioneering solar off-grid project, the YEAC Community Energy And Development Centre (YEAC-CEAD), with the backing of UK development partners.  This initiative marks a significant step towards sustainable energy solutions for communities deprived of electricity. The formal launch in Port Harcourt was more than just […]

The Nigeria Startup Portal is now live and open for labeling. This significant initiative is part of the Nigeria Startup Act (NSA 2022), which aims to foster the growth of startups and tech talent in Nigeria. It was recently Launched by Dr Bosun Tijani, the Minister of Communications, Innovation, and Digital Economy. If you’re part […]

The Injini Mastercard Foundation EdTech Fellowship in South Africa has selected twelve startups and provided access to funding and other forms of support as it commences the second edition of its ed-tech accelerator program. After extensive application and interview processes, twelve ventures have been chosen for the second edition of the programme. They will have […]

In a quarter marked by cautious investor sentiment, Nigerian mobility startup Moove has emerged as a beacon of success in Africa’s startup scene. The company secured a staggering $110 million, accounting for nearly a quarter of the continent’s total startup funding in Q1 2024. This includes a notable $100 million Series B round spearheaded by […]

Over the next five years, Abuja-based media company Mswitch Creative Media Hub will train five thousand young Nigerians for post-production jobs worldwide. Twenty promising young creatives have been given the tools they need to become proficient sound designers through the program’s rigorous curriculum, which began in February 2024 and consists of both classroom instruction and […]