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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... -
Stears, a Nigerian data and intelligence company, has raised $3.3 million to address Africa’s data shortage. A Nigerian data and intelligence company, Stears has raised $3.3 million to expand into East and Southern Africa, improve its data collection and analytics capabilities, and acquire talent. MaC Venture Capital led this... -
mPharma acquisition aligns with the company’s mission to build an Africa in good health by delivering life-changing healthcare services and drugs to improve health outcomes for patients. mPharma, Africa’s leading patient-centred technology-driven healthcare company, has acquired the majority stake in HealthPlus, the leading pharmacy chain in Nigeria. mPharma and... -
Kunle Awosika, a seasoned Microsoft employee, has been named Managing Director for the Africa Transformation Office to drive its strategic digital transformation initiatives across Africa. Microsoft veteran and Africa expert Kunle Awosika assume the position of Managing Director for the Africa Transformation Office as Wael Elkabbany steps into a... -
Pan African VC Microtraction has raised $15 million in the first close of its second fund, Microtraction Community Limited. A $15 million first close of Microtraction’s second fund has been announced by Microtraction, an early-stage venture capital firm that invests in African internet entrepreneurs at the pre-seed stage. The... -
Pre-seed to seed stage technology startups in Ghana, Nigeria, Senegal, Kenya, and South Africa are invited to apply to participate. MEST Africa has officially announced the opening of applications for the 2022 MEST Africa Challenge. The Meltwater Entrepreneurial School of Technology (MEST) is an Africa-wide technology entrepreneur training program,... -
Spearhead, the Black-owned, African spirits group, today announced it has raised $3 million. Funded by Pendulum, a strategic investment and advisory platform for founders and leaders of color, the investment marks the group’s entry into the US and will further power the company’s next phase of growth. Following a... -
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,...
