Press Release

A collection of 83 posts

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African VCs Set to Convene at Oxford Saïd for the 2nd Edition of the Africa Venture Finance Programme.

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Gates Foundation Supports 29 African Healthcare Start-ups Driving Innovation in Africa

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Impact Accelerator TRANSFORM Announces Funding for More Enterprises in Kenya

Transform, an impact accelerator that unites corporates, donors, investors, and academics to support visionary enterprises, has announced support for businesses in Kenya to scale new solutions and overcome global challenges. Led by Unilever, the UK’s Foreign, Commonwealth, and Development Office (FCDO) and EY, Transform advances the development of innovative

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IXAfrica Appoints Snehar Shah As New CEO

IXAfrica Data Centre Limited (IXAfrica) has announced the appointment of Snehar Shah as its new Chief Executive Officer (CEO). Snehar joins the team after an extensive period of over 15 years at Global Telecoms Operator, Orange, covering various leadership roles in Finance & Strategy across UK, Europe and East Africa.

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​Interswitch Launches Google Pay Support On Its Payment Gateway In Nigeria

Interswitch, Africa’s leading integrated payments and digital commerce company, has announced that starting today it will support Google Pay on its Interswitch Payment Gateway (IPG) platform. This will empower businesses and individuals in Nigeria to benefit from the simplicity and security of contactless payments and digital storage, aligning with

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​AltSchool Africa Launches New Schools To Upskill Africans In Ceative And Bsiness Industries

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Uber Launches Electric Bikes in Kenya, its first in Africa

Uber has announced the introduction of electric bikes also known as “boda bodas,” in Kenya’s capital, Nairobi. This marks a first for Uber in Africa and represents a significant milestone in sustainable mobility as part of the company's efforts to be a zero-emission company by 2040. The

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MEST Africa Opens Applications for its Startup Pitch Competition

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Hewlett Packard Announces New Partnership with Mitsumi

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Four Startups From Kenya And Uganda Win $6,000 To Continue Building Their Businesses

The Leila Janah Foundation, a non-profit organization supporting entrepreneurs in East Africa, has today announced the winners of its sixth annual Give Work Challenge (GWC) for existing businesses. The winners from Kenya include; Mvuvi and Kono Farm together and from Uganda; Mawejje Creations and the Reusable Sanitary Pad Project. Each

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Google Announces “AI First Accelerator Program” for African Startups

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Safaricom Launches M-pesa in Ethiopia

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Founders Factory Africa to Expand its Mission of Supporting African Founders to Scale Further, Faster

Johannesburg, South Africa — Founders Factory Africa has secured an additional $114 million in funding to scale its model to better serve founders across the African tech ecosystem. The additional support from the Mastercard Foundation and Johnson & Johnson Impact Ventures, an impact fund within the Johnson & Johnson Foundation, follows

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Moove Raises Investment From Mubadala and Blackrock and Announces $76M in Total New Funds to Fuel Further Global Expansion

Moove, the world's first mobility fintech, announces today that it has secured $76m in new funding, consisting of $28m in equity from new and existing investors, in a process led by Mubadala Investment Company (Mubadala), $10m venture debt from funds and accounts managed by BlackRock, and $38m in

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EMURGO Africa Invests USD 250K in Changeblock, a Pioneering Carbon Market Technology Startup

EMURGO Africa, the Africa and Middle East-focused venture arm of EMURGO is the official commercial arm and a founding entity of the Cardano blockchain, invested USD 250,000 in Changeblock. This investment marks EMURGO Africa's commitment to supporting and promoting innovative blockchain-based solutions in the region. Changeblock, a

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Fawry and Tamatem Plus Join Forces to Enhance E-Payment Experience for Egyptian Gamers

Fawry, Egypt's premier e-payment solutions provider, has entered into a strategic partnership with Tamatem Plus, a leading online store catering to gamers' needs worldwide. This collaboration aims to offer Egyptian gamers easy and seamless access to the market through enhanced e-payment solutions without having to rely on

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STARZPLAY Partners TPAY for Mobile payments

In an exciting collaboration, STARZPLAY, one of the region's top three subscription video-on-demand (SVOD) services, has announced a strategic partnership with TPAY, the leading payments provider in the Middle East, Turkey, and Africa (META). With this partnership, customers will be able to make their subscription payments using their

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Talents Arena Secures $750,000 in Pre-Seed Round

Talents Arena announced closing $750,000 in pre-seed funding from UI Investments, alongside several prominent Saudi and regional angel investors. This funding round comes as the company is rapidly becoming a pioneering force in the AI recruitment industry; playing a critical role in bridging the unemployment gap in the Middle

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Grinta bolsters Egyptian presence with the acquisition of auto-cure

Grinta, a leading e-commerce platform carefully designed to cater to independent pharmacists across Africa and the Middle East, announced its third acquisition of Auto-Cure. The deal was signed by both Mohamed Azab, Co-founder and CEO at Grinta, and Mohamed Rezk, Co-founder of Auto Cure. Auto-Cure is a B2B e-commerce platform

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Flat6Labs Announces $100,000 Funding for Construction Tech Startups

Flat6Labs, the region's leading seed and early-stage venture capital firm, has launched the "Makers" ConTech Accelerator Program in partnership with SIAC and Dar Al-Handasah (Shair and Partners). The program is the first-ever construction-focused accelerator program in the Middle East that aims to support advanced startups in

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GIM-UEMOA Partners with PaySky To Revolutionize Financial Services in West Africa

GIM-UEMOA (Groupement Interbancaire Monetique de l'Union Economique et Monetaire Ouest-Africaine), the international organization in charge of the interbank electronic payment system for the West African Economic & Monetary Union (WAEMU) area, has recently signed an agreement with PaySky, the leading digital payments ecosystem enabler for the development of

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Mastercard Partners with EMIS to Boost the Digital Economy in Angola

The partnership will enable Angolan citizens to gain access to both physical and virtual cards that can be used for cross-border payments, thereby aiding in the creation of an interoperable payment system. Financial institutions to also benefit as they will have cost synergies and access to Mastercard’s world-class technology

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​Google Partners with Verve to Offer Naira Payments on Play Store

Google has announced partnering with Verve, Nigeria's largest domestic card scheme, to enable Naira payments on the Google Play Store. This strategic partnership aims to bolster the digital ecosystem in Nigeria and promote financial inclusion for millions of Nigerians. Through this collaboration, Nigerians can now use their Verve

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Materials Nexus raises £2m to accelerate the world’s change to net-zero materials

Deep tech company Materials Nexus has raised £2 million to roll out its ground-breaking AI and quantum mechanics technology which fast-tracks the discovery and development of sustainable, cheaper, higher performing materials. The round was led by Ada Ventures, with further investment from High-Tech Gründerfonds, The University of Cambridge, National Security

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SquadTrip Raises $1.3M in Funding, Led by Atento Capital, to Expand Services to 50,000 Travel Professionals

Tech startup achieves milestone as one of the few, Black-led travel brands to secure $1 million-plus investment deal Tulsa, Okla. – July 12, 2023 – SquadTrip, an automated payment solution for large and small group trips, announced today a $1.3M funding round led by Atento Capital. The investment will support the