It has already been established that several African startups struggle to survive, and most of them eventually fail. The failure rate of African startups was 54.20% between 2010 and
In order to provide access to financial services for individuals in Zimbabwe, Mukuru, a leading Southern African fintech company, has introduced a first-of-its-kind drive-thru facility in Chisipite, Harare. It is
A $31 million investment in Peach Payments, a quickly expanding supplier of digital payment services with operations in South Africa, Kenya, and Mauritius, has been proposed by UK-based asset manager
The term “agritech” refers to technological advancements and innovations used in agricultural processes to boost output while requiring fewer inputs and improve agricultural practices. Agritech’s tangible applications include faster
A $14 million (R250 million) financing facility has been secured by Paymenow, a market-leading Earned Wage Access (EWA) platform, through Rand Merchant Bank (RMB), creating a structure unique to the
To grow its presence in South Africa and beyond, TROOP, a creator of corporate meeting technology and services, announced it had raised $11 million (about R201 million) in Series B
German energy company, Juwi Renewable Energies announced today that the 84 MW Wolf Wind Farm in the Eastern Cape had reached financial close. Juwi claims that work has begun on
Startups are leading the way in Africa’s industry 4.0. The region is experiencing a transition buoyed by the many new startups building on artificial intelligence (AI) decision-optimization software.
Ramp, an international start-up in decision science with its headquarters in the UK, has secured a $5 million seed investment round. The business was established in 2018 to give the
In order to democratize access to the African venture capital arena, the Africa Chamber of Digital Commerce (ACOFDC) and Dream VC have announced their strategic ecosystem partnership. The goal of
Botswana’s Aeronautical Solutions has created the nation’s first unmanned aerial vehicle (UAV) for use in anti-poaching drills as well as for security and surveillance needs. The drone project,
Eagle Towers, the portfolio division of Infra Impact Investment Managers, a South African infrastructure investment company, has secured over $5million (ZAR 100 million) loan facility that will be utilized to
