Brief (381)
Innovate Africa has launched with an initial $2.5 million to support early-stage startups tackling Africa’s challenges.
The fund aims to back up to 20 startups in its first year, focusing on solving complex problems such as insecurity, unemployment, and poverty through purpose-driven technology.
Nala, a Tanzanian payments company headquartered in Kenya, has raised $40 million in Series A funding, Founder and CEO Benjamin Fernandes announced on July 9, on X. The fund will support the company’s global expansion and enhance its payment systems in Africa.
Nala allows users to transfer money from the UK, US, and EU to Kenya, Uganda, Tanzania, Rwanda, and Ghana.
The Offshore Lab, a Nigerian company focused on Project delivery, capacity building, education, technology and innovation, has announced the completion of the ICT and Innovation Centre at Sa’adu Zungur University in Bauchi State, Nigeria.
The project, funded by Shell Petroleum Development Company (SPDC) and NNPC Limited, was inaugurated on July 4. It aims to address both local and global challenges through advanced technology by bridging infrastructure gaps and equipping young people with digital skills.
Digital Africa is set to host the Talent4Startup Job Fair on July 12. The fair seeks to bridge the gap between talented professionals and emerging startups, thereby boosting employability in the tech sector.
The job fair will feature candidates skilled in Front-End Web Development, Back-End Web Development, Digital Marketing, and Data Analytics.
The Agribusiness Innovation Challenge, co-created by the Nigeria Climate Innovation Center (NCIC) and the Global Alliance for Improved Nutrition (GAIN), invites young entrepreneurs aged 18-35 passionate about agriculture and technology to develop solutions to improve the food supply chain in Nigeria.
Winners will secure a 2,000,000 naira ($12,700) equity-free grant and other benefits, with applications closing on July 26th, 2024.
Africhange, a leading global remittance provider, launched, on July 3, its operations in the United Kingdom.
The platform aims to provide affordable and dependable international money transfer solutions for Africans abroad.
Glass House PR has partnered with the Fintech Association of South Africa (FINASA) to host the 3rd Africa Digital Finance Summit (ADFS) in Johannesburg.
The summit will discuss regulatory advancements, technological innovations, and fintech investment opportunities. It will take place from November 20th to 22nd.
The Global Tech Africa (GTA) Conference 2024 invites innovators and stakeholders to leverage AI to transform Africa’s tech landscape.
The event is scheduled for July 24-26 in Lagos, Nigeria. It aims to facilitate partnerships, investments, and capacity building.
The Mastercard Foundation, in partnership with the Federal Government of Nigeria, will host its first EdTech Conference from July 8 to 10, 2024, at Abuja's Hilton Transcorp.
Themed ‘Education Technology for Resilient and Inclusive Learning in Africa,’ the event aligns with the African Union’s Year of Education and focuses on EdTech trends, policies for fostering innovation, and its role in solving educational challenges across Africa.
Accelerex, a leading African fintech company, has launched the “Pay with Fingerprint” solution, Nigeria's first biometric-enabled PoS payment system.
Designed to address card fraud and eliminate the need for physical cards, the technology allows bank account holders to make secure payments using their fingerprints at merchant locations.
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BFA Global, FSD Africa, and the International Union for Conservation of Nature (IUCN) have chosen ten startups for the Africa Blue Wave and Regen Wave initiatives, BFA Global announced on July 1.
Selected startups, each receiving $55,000 in funding, span Kenya, Madagascar, Mozambique, Nigeria, Rwanda, South Africa, and Tanzania, addressing challenges like the fish trade, environmental pollution, renewable energy certification, eco-friendly fertilizers, waste management, clean cooking, cold storage, and sustainable drainage solutions.
The Creative Industries Initiative for Africa (C.I.I.F.A.), in collaboration with Google, announces the launch of the second Engage Nigeria cohort.
Engage Nigeria offers training in music business, production, event planning, cinematography, animation, graphic design, and content creation. Participants benefit from mentorship and networking opportunities to enhance career readiness.
Application is open to individuals aged 17- 35.
Angel Fair Africa, the event linking African entrepreneurs with investors, returns for its eleventh edition on November 7-8, 2024. The gathering will unite accelerators, incubators, businesses, and investors from across the continent, aiming to foster deals and partnerships in the vibrant startup ecosystem.
Launched in September 2013, Angel Fair Africa has been pivotal in catalyzing investment across Africa, having been hosted in cities like Johannesburg, Lagos, Accra, and Cape Town.
Colombian fintech Minka has expanded into the East African market to facilitate global purchases for Africans by enabling global merchants to accept local payments, such as mobile money or cash.
Minka's model employs in-house financial protocols to accelerate money transfers between banks by creating a common language for different payment systems, simplifying the reconciliation process.