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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... -
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... -
The Pan-African “Investing in Innovation” program will provide grants and commercialization support to 60 African Startups in health tech companies over two years. June 22, 2022. Lagos, Nigeria. Healthcare consulting firm Salient Advisory has launched its latest market intelligence report highlighting promising African health tech start-ups in the supply... -
Andela, which helps companies hire remote technology staff, has raised $200 million in new funding led by Softbank with participation from new investor Whale Rock. A global network for remote technical talent, Andela has revealed that it has raised $200 million in Series E funding, valuing the firm at... -
Thirty-one African digital innovation startups have been chosen to participate in the Smart Cities Innovation Programme taking place in Kigali, Rwanda. Thirty-one African tech startups have been selected to take part in the Smart Cities Innovation Programme, which will help them scale up their products and services to boost... -
Venture funding in the first quarter of the year for African startups reached $350 million according to data from Briter Bridges, a tech ecosystem data consultancy. South Africa, Nigeria, Kenya and Egypt topped the funding charts. These 4 countries also received the largest share of funding in the whole... -
The World Bank’s subsidiary International Finance Corporation (IFC) will invest USD $6 Million in technology startups in Kenya, Nigeria, Ghana, and South Africa and other African countries.... -
African technology startups smashed funding records in 2018 as 210 startups secured US$334.5 million worth of investment, according to Disrupt Africa. ... -
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 billion in new business revenue across Africa....
