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Published: 06-04-2018 16:44:00 | By: Nico Scherphuis | hits: 3894074 | Tags:

Orange launches Social Venture Prize in Africa and the Middle East to encourage entrepreneurship
Published: 19-04-2024 | 17:05:11 | By: Bob Koigi
Since 2011, the OSVP prize has been rewarding innovative start-up projects that use and develop new technologies to make a positive impact in Africa and the Middle East




VC firm Golden Gate Ventures expands footprint into MENA region
Published: 12-01-2024 | 12:08:03 | By: Bob Koigi
Golden Gate Ventures, a venture capital fund founded by Silicon Valley natives, has announced the establishment of their first MENA office.




Seedstars launches FIWAM program to boost financial inclusion for women migrants
Published: 06-07-2023 | 14:42:00 | By: Pie Kamau
Seedstars has launched a program to promote financial inclusion for women.


Cardinality raises $12.5m Series B financing to expand market coverage, accelerate growth
Published: 19-04-2023 | 15:16:00 | By: Pie Kamau
Cardinality.ai, a government-technology focused AI SaaS solution provider, announced a $12.5 million Series B investment led by Boathouse Capital, along with other investors.


Institutional on-chain finance startup Fractal raises $6m seed funding to accelerate growth
Published: 19-04-2023 | 14:59:00 | By: Pie Kamau
Fractal, an infrastructure provider enabling institutions to clear, settle, and margin digital asset trades on-chain, announced it has secured $6 million in financing led by Hack VC.


Artificial intelligence: Africa takes up the subject
Published: 19-04-2023 | 13:55:00 | By: Pie Kamau
As AI systems like ChatGPT begin to disrupt our daily lives, the global race for innovation is accelerating. The biggest advances are taking place in the United States, China and Europe.


French-African Fund 2 completes final close at over €50 million
Published: 19-04-2023 | 13:45:00 | By: Pie Kamau
AfricInvest announced a final close of the French African Fund II (FFA II), the successor fund to the French African Fund (FFA), having raised over €50 million of subscriptions.


The evolution of cryptocurrencies - a look at how blockchain technology is going mainstream
Published: 19-04-2023 | 13:32:00 | By: Pie Kamau
Cryptocurrencies have been around for over a decade now and have come a long way since their inception.


[Interview] Anne-Marie Chidzero, Chief Investment Officer, FSD Africa
Published: 18-04-2023 | 16:31:00 | By: Pie Kamau
Anne-Marie Chidzero is the Chief Investment Officer at the Financial Sector Deepening Africa (FSD Africa) Investments. In this interview, she talks about the risks and opportunities in backing Africa’s early-stage startups.


[Column] Alp Tilev: Why the transition to e-mobility in Africa must be expedited
Published: 18-04-2023 | 16:18:00 | By: Pie Kamau
Historically, Asia has been the birthplace of motorcycles. China, India, Indonesia, and Vietnam are the world's four largest motorcycle markets. The continent is home to roughly 58% of all motorcycles in the world.


[Column] Hardeep Sound: Close the tech skills gap to unlock East Africa’s economic growth
Published: 18-04-2023 | 16:06:00 | By: Pie Kamau
Is a lack of tech skills hampering East Africa’s economic growth? The World Bank data suggests that the digital economy contributes more than 15% of total global GDP.


Gate Pay partners with CityPay.io startup to advance crypto payment adoption in Georgia and Europe
Published: 18-04-2023 | 15:55:00 | By: Pie Kamau
Gate Pay, the crypto payment service product by the global leading CEX Gate.io, announced a strategic partnership with CityPay.io, a fast-growing crypto payment startup based in Georgia.


Climate tech startup nZero raises $16m Series A funding amid global call for accurate sustainability reporting
Published: 18-04-2023 | 15:44:00 | By: Pie Kamau
nZero, the near real-time carbon management and accounting platform, announced it has closed a $16 million Series A funding round.


AlphaSense raises $100m to fuel innovation in AI and market intelligence
Published: 12-04-2023 | 15:20:00 | By: Pie Kamau
AlphaSense, the market intelligence and search platform, announced a $100 million addition to its $225 million Series D financing round at a $1.8 billion valuation.


GigaStar launches next gen funding experience for YouTube creators
Published: 12-04-2023 | 15:03:00 | By: Pie Kamau
GigaStar, a startup bringing Creators and Fans together as partners, announced that its next-generation marketplace launched in beta, offering YouTube Creators streamlined access to Fan funding.


GCPL to invest $12m in early-stage Indian consumer startups
Published: 12-04-2023 | 13:41:00 | By: Pie Kamau
Godrej Consumer Products Limited (GCPL), announced that it will be investing INR 100 Crore ($12 million) in Early Spring, a new INR 300 Crore early-stage consumer fund being set up by Spring Marketing Capital (Spring).


ABBANK accelerates banking transformation with Backbase Platform in Vietnam
Published: 12-04-2023 | 12:56:00 | By: Pie Kamau
Backbase, the global player in Engagement Banking, has partnered An Binh Bank (ABBANK) to transform the banking experiences for millions of Vietnamese customers.


Infobip launches Conversational Everything Blueprint to help brands meet evolving customer preferences
Published: 12-04-2023 | 12:33:00 | By: Pie Kamau
Global cloud communications platform Infobip has launched a new Conversational Everything Blueprint to enable brands embed conversational experiences for customer communications.


[Interview] James Kilpatrick, Chair, Gravitilab, UK
Published: 06-04-2023 | 11:33:00 | By: Bob Koigi
Gravitilab is a "Space as a Service" business providing research, testing and qualification facilities to space agencies, government, academia and commercial enterprises.


[Interview] Ramanjeet Singh, CEO, Woosper, USA
Published: 06-04-2023 | 11:30:00 | By: Bob Koigi
 Woosper is a US-based digital advertising and marketing agency focused on creating experiences that help clients discover their place in the digital world.


Belgian beverage startup Bar.on develops world’s first molecular beer printer
Published: 04-04-2023 | 16:44:00 | By: Pie Kamau
Bar.on, a Belgian beverage startup, has developed the world's first molecular beer printer, capable of creating multiple types of beer in seconds.


[Column] Chris Boshoff: Connecting the digital backbone
Published: 04-04-2023 | 15:34:54 | By: Pie Kamau
The Internet of Things (IoT) isn’t new, but it has simmered on the edges of innovation and transformation for years and now it has, as the World Economic Forum puts it, ‘quietly arrived’.


[Column] Gur Geva: Biometric attacks on the rise: the trends financial institutions need to be aware of in 2023
Published: 04-04-2023 | 14:14:00 | By: Pie Kamau
In the past year there has been a 149% increase in threat actors using emulators to attack mobile platforms. There has also been a 295% increase in novel face swaps.


Nigerian fintech firm Zone adopts ThetaRay AI Solution to screen payments
Published: 04-04-2023 | 14:00:00 | By: Pie Kamau
Zone (formerly Appzone) and ThetaRay announced they will collaborate to implement ThetaRay’s cloud-based SONAR solution to monitor and screen Zone’s transactions in Nigeria for illicit activities and sanctions violations.


Nigerian fintech startup Moni unveils new community-powered digital loans for African SMEs
Published: 04-04-2023 | 13:49:00 | By: Pie Kamau
Nigerian fintech startup Moni has launched a new range of business loans targeting SMEs in Africa.


Saudi Arabian HR tech startup Palm.hr raises $5m pre-Series A round to expand across the MENA region
Published: 13-02-2023 | 09:31:00 | By: Pie Kamau
Palm.hr, a Saudi Arabian HR firm that automates payroll, tracks leaves and absences and monitors employee performance, announced it has secured $5 million in a pre-Series A round.


Modus expands to Sub-Saharan Africa with launch of $75m Africa-focused fund
Published: 22-11-2022 | 10:11:00 | By: Pie Kamau
Modus, a Venture Platform operating in MENA comprising VC funds, Venture Builders, and a Corporate Innovation arm, has announced the launch of Modus Africa – a $75 million SDG-focused VC fund that will invest in Africa’s boldest startups.


UAE fintech startup Pemo launches all-in-one spend management platform for MENA SMEs
Published: 01-06-2022 | 10:32:24 | By: Pie Kamau
Pemo, the UAE-based fintech startup empowering businesses across the Middle East, North Africa and Pakistan (MENAP),has announced that it has launched its all-in-one spend management platform.


Healthtech startup Esaal raises $1.7m seed round to scale expansion across the MENA region
Published: 31-05-2022 | 11:18:00 | By: Pie Kamau
Esaal, an online health and wellness consultation platform for patients in the Middle East and North Africa (MENA), has wrapped a $1.7 million seed funding round, to scale its expansion across the MENA region.


CE-Creates merges with hatch & boost in MENA's first venture-builder merger for startups
Published: 11-05-2022 | 11:25:37 | By: Pie Kamau
CE-Creates, the business incubation platform of Crescent Enterprises, has completed the merger of its portfolio of startups with hatch & boost, an Abu Dhabi-based venture-builder dedicated to ‘hatching’ startup ideas.


Logistics startup Swvl acquires Volt Lines, enters European market
Published: 29-04-2022 | 13:57:00 | By: Pie Kamau
Swvl Holdings, a global provider of transformative tech-enabled mass transit solutions announced a definitive agreement to acquire Volt Lines, a Turkey-based B2B and Transport as a Service mobility business.


Egyptian e-Sport startup Eksab raises $3m seed funding to scale its fantasy football platform
Published: 30-03-2022 | 10:41:00 | By: Pie Kamau
Cairo-headquartered e-Sport startup has raised $3 million seed funding round, bringing the company’s total investment to date to $3.7 million.


Vehicle financing startup Moove partners with Swvl for EV buses across the MENAP region
Published: 30-03-2022 | 10:32:25 | By: Pie Kamau
Egypt’s on-demand bus-hailing company Swvl, announced a new partnership with African fintech mobility startup Moove to scale Moove’s revenue-based vehicle financing model across the MENAP region.


Healthtech startup Altibbi raises $44m to scale growth across the MENA region
Published: 29-03-2022 | 13:03:00 | By: Pie Kamau
Middle East’s AI-based digital health platform Altibbi, has raised $44 million in Series B fund funding led by Foundation Holdings, Hikma Ventures and existing investors Global Ventures and DASH Ventures.


MENA's c-Commerce startup Zbooni launches in Egypt
Published: 16-02-2022 | 09:59:00 | By: Pie Kamau
Zbooni, MENA's c-Commerce (connected commerce) platform, has announced its official launch in Egypt. The rapidly scaling startup, which is backed by regional and global investors, will support the backbone of the Egyptian economy.


Egyptian digital investment startup Thndr raises $20m to democratize investing in the MENA region
Published: 09-02-2022 | 11:58:00 | By: Pie Kamau
Thndr, the Egyptian digital investment platform, announced a new $20 million series A investment round co-led by Tiger Global, BECO Capital and Prosus Ventures.


Pakistani logistics startup Truck It In raises $13m seed round to transform the road freight industry
Published: 04-02-2022 | 11:24:00 | By: Pie Kamau
Pakistan’s logistics tech startup Truck It In closed $13 million seed round jointly led by venture capital firms Global Founders Capital and Fatima Gobi Ventures.


B2B marketplace startup Retailo raises $36m Series A funding to empower community commerce in the MENA region
Published: 01-02-2022 | 13:47:00 | By: Pie Kamau
Retailo, the B2B marketplace startup for retailers in Middle East, North Africa, and Pakistan (MENAP), has raised $36 million in its Series A investment round which was a mix of equity and venture debt.


IFC, ADGM launch She Wins Arabia initiative to boost opportunities for women-led startups and businesses across MENA
Published: 16-12-2021 | 10:56:00 | By: Pie Kamau
IFC and Abu Dhabi Global Market (ADGM) launched She Wins Arabia, an initiative to help women-led startups across the MENA region, get the advice, finance, and mentorship they need to grow.


MENA’s media & entertainment startup Minly acquires Dubai’s celebrity shoutout platform Oulo
Published: 08-12-2021 | 13:10:00 | By: Pie Kamau
Minly, the MENA region’s media & entertainment startup, announced the acquisition of Oulo, a Dubai-based celebrity shoutout platform focused on the Levant region.


French real-time engagement startup Sparkup expands in the Middle East
Published: 07-10-2021 | 12:59:47 | By: Pie Kamau
Sparkup, a French startup specializing in real-time engagement solutions, has chosen to expand in the Middle East and will introduce its latest innovations at GITEX and CABSAT in Dubai.


Egyptian healthtech startup Sotech raises $1m in pre-seed funding to fuel growth
Published: 21-09-2021 | 08:43:00 | By: Pie Kamau
Sotech, an Egyptian e-health startup that specializes in smart IoT, trackable OOH advertising, and data gathering has raised $1 million in pre-seed funding round to scale its operations into the rest of the MENA region.


Banque Misr partners with Microsoft to support fintech startups in Egypt
Published: 14-07-2021 | 12:11:00 | By: Pie Kamau
Banque Misr signed a Memorandum of Understanding (MoU), with Microsoft Egypt to launch the first open innovation program in the Egyptian market, enabling a spurt in fintech startup growth.


Healthtech startup BASMA.com raises $3m Series A round to scale up its platform in the MENA region
Published: 16-06-2021 | 10:42:00 | By: Pie Kamau
UK-based, MENA focused, startup BASMA.com closed $3 million Series A funding led by MEVP with the participation of SOSF, IM capital and returning investors iSME, Cedar Mundi Ventures and IFA capital, to scale up its healthtech platform in the MENA region.


Nano raises $90m pre-IPO funding round to accelerate growth
Published: 15-03-2021 | 15:13:00 | By: Pie Kamau
Nano Cures (Nano), a clinical stage biotechnology and infectious disease immunity platform company, announced a $90 million pre-IPO funding round.


Teleporter mobile app 360VUZ joins first "Google for Startups Accelerator" in the MENA region
Published: 23-02-2021 | 07:34:00 | By: Pie Kamau
360VUZ, the immersive video mobile app was selected to join the first ever "Google for Startups Accelerator" in the MENA region, that is held by Google as part of its "Grow Stronger with Google Initiative"