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Google Loon Balloons: The Story of Loon’s Stay in Africa

Google Loon Balloons: The Story of Loon’s Stay in Africa

The Beginning What started as an experimental idea in 2011 was officially launched in 2015 by the then Google’s Product chief, Sundar Pichai. At first glance, Google’s loon tech will appear to be a promising tech that provides individuals with the best internet network. Google loon tech was

ANALYSING CBN’S BAN ON CRYPTO CURRENCY IN NIGERIA

ANALYSING CBN’S BAN ON CRYPTO CURRENCY IN NIGERIA

CBN Governor, Godwin Emefiele The Central Bank of Nigeria (CBN), in a circular released on Friday 5th of February, 2021 ordered commercial banks and licensed financial institutions in Nigeria to close all accounts dealing with crypto currency in the country. The apex bank maintained that “regulated institutions dealing in crypto

How Y Combinator Has Influenced Startups in Africa

How Y Combinator Has Influenced Startups in Africa

Do you know that in Africa it is easier for large (rich, MNCs, or high capital) firms to access financial funds than it is for smaller and infant firms? In fact, it is riskier to access finance in Africa than in any other region of the world even though the

New Venture Capital Fund launches with focus on the MENA region.

New Venture Capital Fund launches with focus on the MENA region.

Plus VC, new venture capital with $60 million in funds, has launched to focus on early-stage technology startup within the Middle East and North African region. As stated on its website, the venture capital firm is built on the desire to see the MENA region grow and contribute to the

Dreevo, an Egyptian delivery startup secures funding.

Dreevo, an Egyptian delivery startup secures funding.

Dreevo, an Egyptian delivery startup, has raised an undisclosed six-figure pre-seed from EF Logistic. The new fund will enable its operation to cover more grounds in Egypt. “We are positioning ourselves to be the partner of choice for all e-commerce startups and merchants in the region,” says Sameh Shaheen, CEO

Milango raises seed investment to help communities go online.

Milango raises seed investment to help communities go online.

Egyptian startup, Milango has raised an undisclosed six-figure capital, which will enable communities to offer digital services to its members according to sources. Milango provides tailored solutions, including access control, a cashless environment, facility management, and much more to gated communities, social clubs, and communities interested in offering their members

Jumia partners Airtel Kenya to allow users make mobile payments.

Africa’s e-commerce platform, Jumia, has partnered with Airtel Kenya to enable users to create their online payment transactions using Airtel Money. The service is part of Jumia’s contactless-delivery initiative, introduced in March as a safety measure against COVID-19. Thus, users are encouraged to prepay for their purchases to

South African tech startup, Qnum Analytics joins US-based global accelerator.

South African tech startup, Qnum Analytics joins US-based global accelerator.

South African tech startup, Qnum Analytics, has been selected as a member of the US-based accelerator, The Batchery. The Batchery is a Californian global incubator for seed-stage startups. Qnum Analytics provides clients an automated inventory reconciliation solution for the dry bulk industrials and enables organizations to minimize inventory shrinkage, improved

New website builder rolls out for businesses in MENA.

New website builder rolls out for businesses in MENA.

A new website builder, Weblic, has been rolled out for companies and individuals in the Middle East and North Africa (MENA) region. Weblic provides ready-to-use website templates to lower the learning curve for individuals without coding experience and skills in the Arabic language. The price of the website builder is

Egyptian fashion rental platform, La Reina secures seed funding.

Egyptian fashion rental platform, La Reina secures seed funding.

Egypt-based online fashion rental platform La Reina has raised an undisclosed six-figure seed round from 500 Startups, Algebra Ventures, with participation from a group of angel investors. La Reina is an online platform that matches dress owners to renters directly. Sharif El-Badawi, the Managing partner at 500 Startups Middle East

Glade Digital Bank App now available in Stores.

Glade Digital Bank App now available in Stores.

Nigerian fintech platform, Glade Digital Bank App, has rolled out on the App Store. The Glade Digital Bank App is now available on App Store for iPhone users on IOS versions 8 to 14. The app, which was only available for Android users, is now giving iPhone users the chance

Careem, sees quick recovery amidst COVID-19 pandemic.

Careem, sees quick recovery amidst COVID-19 pandemic.

Careem, has seen a sharp rally in its ride service amidst the ongoing COVID-19 epidemic despite its negative impact on other businesses. Careem, which was acquired by Uber Technologies last year at $3.1 billion, expected its ride service to recover at the end of 2021, but now hopes it

South African edtech startup, Examsta rolls out app to help students prepare for exams

South African edtech startup, Examsta rolls out app to help students prepare for exams

South African edtech startup, Examsta has rolled out an educational web app to help high school students to prepare for examinations. Currently, the app is in the testing phase and provides study material for the South African, CAPS, and IEB high school exams. De Wet created Examsta for “content-heavy” subjects

FastBitcoins Partners With Flexepin for expansion into Africa.

FastBitcoins Partners With Flexepin for expansion into Africa.

FastBitCoins has announced its partnership with Flexepin, a voucher giant for global expansion and entry into 14 African countries. The partnership will allow Flexepin users to redeem their pre-paid cash vouchers via the FastBitCoins website. It will also provide mobile money services to customers in Kenya, Uganda, Ghana, Zambia, and

MEST commits $700k in seven African tech startups.

MEST commits $700k in seven African tech startups.

The Meltwater Entrepreneurial School of Technology (MEST) has committed a combined US$700,000 in seven tech startups that have graduated from its annual training program. The seven startups will be given a chance to join over 40 companies in the ongoing MEST Africa incubation program that are part of

Careem goes remote.

Careem goes remote.

Careem, the Egyptian tech giant is going remote, allowing their employees to work from home. Careem is joining other tech giants within the region to announce remote work following the devastating effect of the pandemic on commerce and the importance of social distance which has become impossible within the workplace.

Egyptian design tech startup, Argineering rolls out RGKit Play.

Egyptian design tech startup, Argineering rolls out RGKit Play.

Argineering, an Egyptian design tech startup, has rolled out a new kit dubbed RGKit Play to allow designers, videographers, and creatives to add movement in style to their projects. The RGKit Play is a modular wireless kit with motors that gives access to its user to modify movement and light

South African' s CyberEcomm launches ShopESpot, a new e-commerce platform.

South African' s CyberEcomm launches ShopESpot, a new e-commerce platform.

South African digital solutions company, CyberEcomm has launched a new e-Commerce platform, ShopESpot. ShopESpot is an all-in-one shopping platform that enables South African businesses to build an online presence. Chief Sales and Marketing Director of ShopESpot, Lisa Sukdev, said, “The Covid-19 pandemic has brought about disruptive innovation whereby trends, such

Egyptian fintech startup, Kashier Payments secures seed funding in a round led by Glint Ventures.

Egyptian fintech startup, Kashier Payments secures seed funding in a round led by Glint Ventures.

Egyptian fintech startup, Kashier Payments, has secured seed funding in a round led by Glint Ventures, with participation from a group of strategic investors. However, the precise size of the investment is unknown at the time of this reporting. Kashier is a payment platform designed to empower and simplify commerce

Paratus rolls out 100Gig Fiber Ring in Zambia.

Paratus rolls out 100Gig Fiber Ring in Zambia.

Pan-African telecommunications group, Paratus Zambia has rolled out a 100Gig metro fiber ring in Lusaka, Zambia. It is expected that the fiber ring to leverage technology which will increase the bandwidth over an existing fiber network. This means that businesses can transmit data at speeds of up to 100Gbps. With

Elves secures $2 million from VC firm, Sawari Ventures.

Elves secures $2 million from VC firm, Sawari Ventures.

Egyptian startup, Elves has secured $2 million from Egypt based Venture Capital (VC) firm, Sawari Ventures, and its existing investors. However, a portion of the investment was secured in February and another in July, both in this year, which Sawari participated in. According to the startup, this new investment makes

South African health-tech, Syked receives seed investment from HaloCare.

South African health-tech, Syked receives seed investment from HaloCare.

South African health-tech startup, Syked has received an undisclosed seed investment round from HaloCare, a managed care organization. The fresh funds will enable the startup to scale operations across the country, widen its offering as well as build tech development teams. Syked is an online health platform that gives virtual

Egyptian healthtech startup, Rology secures 860K Pre-Series A funding round.

Egyptian healthtech startup, Rology secures 860K Pre-Series A funding round.

Egyptian healthtech startup, Rology has successfully raised $860, 000 in a Pre-Series A funding round, led by HIMangel. Other investors that participated in the round included Dubai Angel Investors (DAI),The Asia Africa Investment & Consulting (AAIC) from Japan and Saudi’s Athaal Group. Rology is a cloud-based platform that

Egyptian logistics startup, RoadRunner secures six-figure seed investment.

Egyptian logistics startup, RoadRunner secures six-figure seed investment.

Egyptian logistics startup, RoadRunner has secured six-figure seed investment from an undisclosed strategic individual investor. RoadRunner provides fast on-demand delivery solutions to restaurants and other businesses in Cairo, Tanta and Mansoura. The platform partners with restaurants and other businesses that are avoiding hiring food delivery aggregators and do not want

Egypt's e-sports group, Anubis Gaming raises $300,000 seed round from regional e-commerce group.

Egypt's e-sports group, Anubis Gaming raises $300,000 seed round from regional e-commerce group.

Egyptian esports group, Anubis Gaming has raised $300,000 seed round from a regional ecommerce group. This comes after the group raised $100,000 in funds last month, making a total funding raised by Anubis $450,000 since it started operations. Anubis is an esports team that takes part in