Purple Elephant Ventures raises $1 million in pre-seed round
October 14, 2022The world's first venture studio with a tourism focus, Purple Elephant Ventures (PEV), is based in Kenya and has closed a pre-seed investment of $1 million. The investment will be used by the venture studio to create at least three startups annually.
Green tech start-ups in Africa are attracting investor interest
October 14, 2022Following a global trend, investment in African digital businesses that aim to slow the pace of change is starting to increase, though at significantly lower valuations than elsewhere.
MEST Express accelerator has chosen six Ghanaian startups with a focus on social impact
October 14, 2022Six impact-driven startups from Ghana have been selected to participate in the MEST Express accelerator's first-ever sustainability-focused cohort. Each startup will get a grant of $5,000 in addition to other types of support.
Enterprise Bureau pulled off its 1st Edition of EB Connect Series
October 10, 2022Enterprise Bureau rolled out its initiative dubbed EB CONNECT to bring together stakeholders of the Startup Ecosystem in Africa to discuss and proffer solutions to some issues faced by the Startup community that needed urgent solution.
Spleet raises $2.6 million seed round to provide rent financing across Africa
October 5, 2022It is generally acknowledged that Lagos has a serious housing shortage issue. The state's large size and high population density are the root causes of the housing shortage.
iiDENTIFii, a South African biometrics tech firm raises USD 15 million
October 5, 2022The cutting-edge biometrics technology company iiDENTIFii, based in South Africa, has raised $15 million in growth capital. Arise, an African investment firm, led the round with support from Rabobank Partnerships, Norfund, NorFinance, and FMO as cornerstone investors.
Farmerline, a company based in Ghana, has raised $1.5 million in a pre-series A funding round
October 5, 2022Oikocredit, a social impact investor, contributed an extra US$ 1.5 million to Farmerline Group's second closure of a pre-series A investment transaction.
Vendease has raised $30 million in a series A funding round
October 5, 2022In order to solidify its growth and operations in Nigeria and to support its expansion throughout the continent, Vendease, a Y Combinator-backed digital platform that enables restaurants in Africa to make supplier purchases, access banking services
How a Grocery Shop idea won the Zongo Shark Tank Season 1
October 5, 2022The ZongoVation Hub is a local technological innovation hub devoted to the creation and development of new businesses and startups in Ghana’s Zongo villages.
The Government of Ghana Has Signed an Mou with Eleven Banks in Relation to YouStart Commercial Component.
September 29, 2022The Commercial Program, District Entrepreneurship Program, and YouStart Grace Program are the three models for the YouStart program, which was presented by the government and is anticipated to generate one million jobs for young people in Ghana over the course of the next three years.
Grand Finale of Zongo Shark Tank Season 1
September 29, 2022A project of ZongoVation Hub, the Zongo Shark Tank Business Reality TV Show aims to find, inspire, and assist young people in Zongo villages throughout Ghana who has business ideas or startups that can help address issues and provide employment.
All – female – focused entrepreneurial community launched in Africa
September 26, 2022Women Who Build Africa (WWBA), an inclusive group of women and nonbinary individuals working in or near the ICT industry, has started operating and hosting events.