XENO, a Ugandan fintech startup, has raised $2 million in seed funding
XENO Corporation, a Ugandan fintech startup, has raised $2 million in seed funding Led by Beyond Capital Ventures.
Egyptian fintech startup Lucky secures approval to launch payments card
Egyptian fintech startup Lucky has secured final approval from the Central Bank of Egypt (CBE) to launch the “Lucky One” card for all its customers.
Kenyan insurtech startup mTek raises $3m funding from Finclusion Group
Kenyan insurtech startup mTek has secured US$3 million in funding from the Mauritius-based Finclusion Group to help it expand across the East Africa region.
African VC is still a “man’s world”, but it suffers for it
The African venture capital sector is still very much a “man’s world”, but the quality of its investments and ability to make a greater impact suffer as a result.
African health tech startups in the supply chain segment show rapid growth, spurring a $7M investment initiative
While Africa’s health systems are still reeling from the effects of the COVID pandemic, the adoption of digital health services has been revved up in some countries. Telemedicine witnessed massive adoption during the pandemic no other service has been launched...
TLcom Capital appoints Eloho Omame as partner to back more pre-seed and female-led startups
Africa-focused venture capital firm TLcom Capital has appointed Eloho Omame as a partner six months after announcing the first close of TIDE Africa Fund II, its $150 million second fund (it expects to reach a second close later this year,...
idea Hatch (iHatch) Startup Incubation Programme Cohort 2 For Nigerian Entrepreneurs
iHatch is a 5-month free intensive incubation program designed to help Nigerian entrepreneurs refine their business ideas through a series of coaching, lectures, and boot camps, to generate viable and scalable business models. The incubation programme will focus on the...
Refugee-led Innovation Fund
The Refugee Led Innovation Fund champions innovation by all people who experience forced displacement. It seeks to reshape their participation in the delivery of humanitarian work by placing them at the centre of decisions affecting their lives, and ensuring that...
A Spotlight on Ghanaian entrepreneurs hitting the mark
The AFDB profiles two successful entrepreneurs based on their age, gender, the sectors they work in, and the target group they serve. One entrepreneur uses digital technologies as a core feature of his business, and the other focuses on technology...
Africa’s Top Logistics Start-Ups join forces to scale globally
A new partnership between Yobante Express and MPost, two of Africa’s most innovative start-ups, enables door-to-door deliveries between locations across the continent at a fraction of the cost.