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New investment program targets up to 30 underrepresented entrepreneurs in underserved sectors and geographies across Africa. Flourish Ventures, a global venture capital firm investing in mission-driven fintech entrepreneurs, announced the launch of affiliate Madica, a structured investment program for pre-seed-stage technology companies in Africa. Aiming to serve mission-driven and under-represented founders,... -
Fintech continues to be the dominant industry within the ecosystem, with the top investment destinations on the continent being Nigeria, Egypt, South Africa, and Kenya. The thriving African startup market is well-positioned to become a pillar of the continent’s digital economy, fostering local innovation through relevant solutions to societal... -
MEST Africa Challenge has announced the top five finalists going into the final stage of the 2022 MEST Africa Challenge pitch competition. The startups that will compete in the 2022 MEST Africa Challenge pitch competition are Sproutly (Nigeria), Kweli (Senegal), Swoove (Ghana), Hisa (Kenya), and Desert Green Africa (South... -
Kenyan electric vehicle manufacturing company Roam has launched electric buses for public transport. An electric bus aimed at public transportation has been introduced by Roam Electrics, a Kenyan manufacturer of electric vehicles. The 90-passenger Rome Rapid electric bus provides space for both standing and seated travellers and is powered... -
In an effort to concentrate on important areas, Vodafone PLC has reportedly agreed to sell a 70% interest in Vodafone Ghana to Telecel. British telecommunications giant Vodafone has agreed to sell its majority stake in Vodafone Ghana to Africa-focused Telecel Group as it looks to refocus on key markets,... -
With the backdrop of how digital innovation has contributed to significant growth in lower-middle-income (LMIC) economies, we see the increasing adoption of technology in Africa and Ghana in particular. The past three years, though challenging in many ways due to COVID 19, has witnessed exponential growth in startup activity,... -
In collaboration with Aga Khan University, Mozilla has launched Pocket, a user-friendly and interactive App aimed at improving the online user experience. In an effort to further enhance the online user experience, Mozilla, in collaboration with Aga Khan University, has developed a brand-new, interactive, and user-friendly App called Pocket.... -
The Central Bank of Nigeria (CBN) has approved Abeg App, a Piggytech Global Limited product, as a Mobile Money Operator in Nigeria. Abeg Technologies Limited, a division of Piggytech Global Limited, has been given approval in principle (AIP) by the Central Bank of Nigeria (CBN) to operate as a... -
With a focus on growing across Africa, Fido, a fintech business with its headquarters in Ghana, has raised $30 million in a Series A round of funding. Fido, a fintech company with headquarters in Ghana, has raised $30 million in a Series A round of fundraising with the goal...
