News articles

20 startups selected for Ecobank Fintech Challenge final

20 startups selected for Ecobank Fintech Challenge final

Leading independent pan-African banking group, Ecobank has selected twenty African startups for the finals of its Fintech Challenge, which aims to solve Africa’s most pressing banking issues. Announced earlier this year, the Ecobank Fintech Challenge sought technology startups to build and deploy innovative fintech and banking solutions across the continent. Developers, programmers and fintech innovators

₦1.5 million, other prizes up for grabs in #PEBECHack competition

Microsoft’s Bizspark and up to ₦1.5 million are up for grabs at The Presidential Enabling Business Environment Council’s (PEBEC) inaugural #PEBECHack competition. A series of hackathons, the competition is aimed at solving problems at the intersection between government policies, processes and regulations, and the ease of doing business. The competition will bring together some of

Kenya’s EatOut takes in US$500,000 investment to launch payment app, expand service

Kenyan food tech & media company, EatOut has raised US$500,000 from Craft Silicon to out its new payment app and expand into neighbouring countries. Launched in 2010, EatOut is an online and mobile platform that puts the local dining scene in the palm of users’ hands. Its restaurant discovery and booking platform allow users to

Nigeria’s Tuteria wins Africa Prize for Engineering Innovation

Nigeria’s edtech startup Tuteria has won the Royal Academy of Engineering Africa Prize for Engineering Innovation, picking up the US$28,000 (£25,000) at stake. Launched in 2014, the Prize aims to stimulate, celebrate and reward engineers who have developed innovations that will benefit Africans. This edition of the Prize saw sixteen innovators from eight countries in

Six African startups selected for Google’s Launchpad Accelerator

Six startups from Nigeria, Kenya and South Africa have been selected to participate in the fourth edition of Google’s Launchpad Accelerator, which empowers founders through mentorship and equity-free support. The program leverages all of Google’s offerings to help founders’ startups reach their true potential. It initially supported startups in Asia and Latin America before it

Cairo Angels invests in Egyptian edtech startup Orcas

Egypt’s first formal network of angel investors, Cairo Angels has invested an undisclosed sum in Egyptian edtech startup Orcas, formerly known as Cairo Sitters. The 2011-launched Orcas is a digital marketplace for education, tutoring and caregiving services. The startup acts as middle man, matching parents with carers who are ranked on a points system based

11 startups selected for Seedstars Johannesburg

Seedstars World, the biggest seed stage startup competition for emerging markets, has selected 11 startups for Seedstars Johannesburg with the top startups advancing to the grand finale. Seedstars World announced few weeks back the fourth edition of its seed stage startup competition in Africa will hold this year and will see it cover more countries

Nigeria’s Tizeti raises funds to expand across Africa

Lagos-based Information Communications Technology (ICT) provider, Tizeti Inc. has raised an undisclosed amount of funds from venture capital firm, Zeno Ventures to bring its service to more people on the continent. Launched in 2012, Tizeti is on a mission of providing decent and affordable Internet connectivity to people living in urban areas. The company is

Orange Liberia begin operations

One of the world’s leading telecommunications operator, Orange has announced its Liberian subsidiary, Orange Liberia has commenced operations in the country as it looks to provide superior telecom services to its over 1.6 million customers. Orange entered into the country, which has a population of 4.6 million people and relatively low mobile penetration rate (70%

Irofit, Sokowatch & Vugapay win Innotribe’s Startup Challenge for Africa

Nigeria’s Irofit Technologies, Kenya’s Sokowatch and Rwanda’s VugaPay have emerged winners of Innotribe’s Startup Challenge for Africa for 2017, with each picking up US$11,100 (€10,000) cash prizes and a spot at this year’s Sibos in Toronto. Announced earlier this year, the challenge was aimed at giving young African financial technology startups the opportunity to showcase their products and receive expert

Microsoft to deliver cloud services from data centres in South Africa

Software giant, Microsoft has announced plans to deliver its complete cloud services from data centres situated in Africa – Johannesburg and Cape Town in South Africa – for the very first time. From the unnamed data centres, Microsoft will deliver Azure, Office 365, and Dynamics 365 to businesses and individuals in need of them, thereby

TechCrunch Battlefield is coming to Africa this October for the first time

TechCrunch Battlefield isn’t entirely new to startups in Africa. A couple have participated in the US$50,000 early stage startups contest – Nigeria’s agritech startup Foodstantly being the most recent participant. The competition has mostly been held in San Francisco and London. Things are about to change this time around as TechCrunch has announced a partnership

Tunisia’s Expensya raises US$1.1 million for international expansion

Tunisian expense management startup, Expensya has raised US$1.1 million from undisclosed private investors for Research and Development (R&D) and international expansion. Launched in 2014, Expensya’s cutting edge technology and apps, both mobile and web, make expense reporting management easy, secure, fast and smart. The apps save employees, managers and accountants a huge amount of time

CcHUB’s US$8 million Innovation Centre to open in 2020

The planned US$8 million Innovation Centre by Lagos-based incubator and accelerator, Co-creation Hub (CcHUB) will be ready for use in 2020, according to Quartz. The hub’s founder and CEO, ‘Bosun Tijani revealed plans of the new innovation centre few weeks back in response to talks in the industry on whether Yaba is truly Nigeria’s own

Ghana’s MEST now uses Flippy Campus for official communications

Ghana-based business incubator and accelerator, Meltwater Entrepreneurial School of Technology (MEST), has started using Flippy Campus for official internal communications. A MEST alumni, Flippy Campus is a social application that helps students to stay in touch with happenings on their campuses. Students can get to know other people on their campus, department and halls on

New partners join Google’s CSquared to expand Internet access in Africa

Internet search giant, Google has announced three new partners have joined CSquared to help bring affordable Internet connections to virtually everyone in Africa. Formerly known as Project Link, CSquared is Google’s effort to bring super-fast and reliable Internet access to drive business growth across Africa. The project saw Google build world-class, high-speed urban fiber networks

MTN Rwanda fined US$8.5 million for breaching its license

Rwanda’s telecommunications industry regulator, Rwanda Utilities Regulatory Authority (RURA) has fined MTN Rwanda US$8.5 million over breach of its license. This report by The Times of India states that MTN Rwanda operated its IT services from outside the country, which breaches its license. The biggest telco in the country hosted its IT services hub in

Applications opens for MIT Global Startup Labs Programme in South Africa

South Africa’s Wits University is currently accepting applications for the MIT Global Startup Labs Programme, which will teach entrepreneurs how to build technology startups. A one month programme, its aim is to foster technology entrepreneurship through startup incubators in emerging markets around the world. This South Africa edition will see participants, teams comprising 3 –