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| Mar 25, 2026 | The Role of Industry Media in Fintech Ecosystem Growth | Share
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In 2024, the global fintech ecosystem added approximately 4,200 new companies, bringing the total to over 34,000 fintech firms operating worldwide. Of those new entrants, a disproportionate share emerged from m... |
| Mar 25, 2026 | Why Media Exposure Helps Fintech Startups Expand Internationally | Share
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In June 2024, Brazilian fintech Ebanx announced its expansion into 15 African markets, a move that caught many industry observers by surprise. What was less visible was that Ebanx had spent the prior 18 months ... |
| Oct 4, 2025 | Why the next wave of African unicorns will be built on retention, not acquisition | Over the past decade, African startups have been obsessed with rapid user acquisition, i.e., chasing growth at all costs to impress investors. However, the game is changing. In 2024, African tech funding fell to $1.1 billion, a 50% drop fro... |
| Aug 8, 2025 | South African fintech startups to watch in 2025 | South Africa’s fintech space is one of the most developed in Africa. It makes up nearly 40% of the continent’s total fintech earnings. In 2023, Disrupt Africa counted over 140 fintech startups in the country. Around 30% South Africa’s finte... |
| Mar 14, 2024 | What African B2B e-commerce startups can learn from OmniRetail’s profitable run | Save for fintech and clean tech, B2B e-commerce and retail was the leading destination for venture capital dollars over the last five years. The premise of digitizing the continent’s mom-and-pop convenience stores and offering various solut... |
| Feb 21, 2024 | Агротех на телефоне: Гана, или фермеры, у которых нет Интернета, но есть ИИ | Мы продолжаем серию публикаций об агротехнологиях и их развитии в других странах. В предыдущих статьях (посвященных сельхозинновациям в Бразилии, Саудовской Аравии, ОАЭ, Сингапуре) почти всегда упоминалась колоссальная поддержка государства... |
| Jan 29, 2024 | 2023 was a horrid year for African tech start-up funding | Total investment in the African tech start-up ecosystem fell by 27.8%, to US$2.4-billion, in 2023 as the impact of the global capital shortage began to make itself felt on the continent.
This is according to the ninth edition of the annual ... |
| Jan 11, 2024 | Venture Capital in Africa: Trends to watch out for in 2024 and beyond | What does the future of Venture Capital in Africa look like? This is probably the most prevalent question in Africa’s startup scene in recent times.
Over the last decade, venture capital funding has played a significant role in developing A... |
| Jan 5, 2024 | Last year was a tough period for African growth-stage startups and 2024 presents a mixed bag | Last year presented a tough period for African tech startups. Venture capital was hard to bag (as predicted earlier), bridge and down rounds became the norm, and news of fire sales, layoffs and startup closures reverberated across the conti... |
| Nov 30, 2023 | The Week in AgriFoodTech: AgroSpheres nets $25m, ex-Motif CEO joins MycoTechnology, Kitchen United shuts ghost kitchens | All eyes are on COP28 this week, where agrifood looks to be a central point of discussion. Elsewhere in the industry, AgroSpheres raised new funds for its novel crop protection tech and Motif FoodWorks former CEO moved over to MycoTechnolog... |
| Nov 28, 2023 | South African startup GoMetro gets £9M for its fleet management optimization software | GoMetro, a South African tech company that operates in the fleet management space, has raised £9 million (~$11.4 million) in a Series A funding round led by Zenobē Energy, a strategic investor renowned for financing and operating electric b... |
| Nov 3, 2023 | The leading African tech moves from October 2023 | 1. Funding: Energy startups continue to lead funding
In October 2023, 27 African startups secured $144.3 million in funding through 27 fully disclosed investment rounds. This marks a 23.6% rise compared to the $116.7 million raised in Septe... |
| Oct 23, 2023 | CEE Tech Companies Find Gold in Africa’s Developer Talent | Zagreb, Croatia ~
Company:
Albeit with a lesser-known tech landscape compared to the likes of the US and Western Europe, during the last decade, Africa has surprisingly become one of the top destinations for seeking developer talent for com... |
| Oct 19, 2023 | Are entertainment startups an afterthought in Africa? | In our latest Bizhive, a digital series that explores innovative industry trends in Nigeria and on the continent, we focused on the entertainment industry in Africa. We covered various topics, such as how Editi Effiong’s movie, The Black Bo... |
| Oct 13, 2023 | African hotels are leveraging the worldwide shift in tourism trends | In 1919, American businessman Conrad Hilton saved up $5,000 to buy a bank in a small town called Cisco in Texas. Texas was experiencing an oil boom at the time, and it was having a ripple effect on the banks in the area. However, when he ar... |
| Oct 11, 2023 | Techstars-Backed migration fintech Vesti, launches in the United Kingdom. | With strategic expansions into Ghana on August 9, and Zambia on September 29, Vesti, Techstars-backed migration fintech, concluded its 2023 country expansion with an impressive launch event on Thursday, October 5, 2023, held at the esteemed... |
| Oct 5, 2023 | The leading African tech moves from September 2023 | 1. Funding: Q3 brings in the lowest funding of the year
In September 2023, 22 African tech startups raised $116.7 million across 22 fully disclosed* raises. Compared to August 2023’s $243.7 million total raise, this represents a 52.11% decr... |
| Sep 27, 2023 | Sandah and Egypt’s Qardy collaborate to provide MSMEs with financing | To provide MSEMs with access to the necessary tools and resources, microfinance firm Sandah has partnered with Egyptian startup Qardy, a marketplace and aggregator for debt financing.
Abdel Aziz Abdel Nabi, the founder of Qardy, said the st... |
| Sep 4, 2023 | How agritech startups are contributing to SA’s agriculture sector | Despite little VC capital, South Africa’s agritech sector is pushing ahead. TechCabal caught up with a few to get more info on their contributions to SA’s breadbasket sector.
According to Wandile Sihlobo, an agriculture economist and author... |
| Aug 30, 2023 | Why PE firm Alitheia is banking on women in Africa | African women-founders find it incredibly hard to raise capital from private markets, and even banks, a gap that “gender-lens” funds like Alitheia IDF exist to bridge.
Alitheia IDF was co-founded by Tokunboh Ishmael and Polo Leteka in 2015 ... |
| Aug 21, 2023 | African fintech start-up scene thriving, but crypto in decline | Africa’s fintech start-up ecosystem grew in size by almost 20% and saw US$2.7-billion (about R51-billion) in investment flood in over the last 24 months, according to a new report released by Disrupt Africa.
Every two years since June 2017,... |
| Aug 18, 2023 | Nigeria’s Sliding Currency Leaves Foreign-Backed Startups In Limbo | Pedestrians carry boxes of goods across a busy road near a giant advertising screen showing US ... [+] dollar, British pound and euro foreign currency exchange rates in Lagos, Nigeria, on Wednesday, July 26, 2017. Nigeria's economy, which i... |
| Jul 29, 2023 | Copia lays off staff for the third time
TechCabal’s 2021 Year-End report
Success! | Lire en français
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Editor’s Note
Week 31, 2023
Read time: 5 minutes
Hello 👋🏾 This week, we bring you updates from Kenya, Nigeria, and Senegal.
By the way, have you had a chance to complete our quick 3-minute survey ... |
| Jul 17, 2023 | Weekly Economic Index: NFTs in Google Play Store, Nigeria’s food emergency, and Standard Chartered divestment | Here are three big stories from Africa and the global business landscape you (probably) didn’t miss but should keep in mind this week:
Google admits NFTs to play store
Last Wednesday, Google announced the update of its policies to accommoda... |
| Jul 4, 2023 | Zoie Health raises pre-seed round to build out women-focused digital clinic
TechCabal’s 2021 Year-End report
Success! | A conversation with Thato Schemer, co-founder of South African women-focused healthtech startup Zoie Health.
Zoie Health is a South African healthtech startup which recently raised an undisclosed pre-seed round to build out its product offe... |
| Jul 3, 2023 | Island of challenges & opportunities: Inside Madagascar’s fledgling startup ecosystem
TechCabal’s 2021 Year-End report
Success! | Despite having a few startups that have managed to raise funding and expand their operations beyond the island, Madagascar still does not have what one can describe as a vibrant startup ecosystem. TechCabal spoke to some ecosystem players t... |
| Jun 21, 2023 | Failure to launch: South Africa’s challenge in transforming technical talent into investable founders
TechCabal’s 2021 Year-End report
Success! | South Africa produces the most software developers annually among the “big 4” tech hubs on the continent. Despite the technical talent, South Africa is dwarfed by countries like Nigeria and Kenya in producing scalable and investable startup... |
| Jun 12, 2023 | Weekly Economic Index: Nigeria suspends CBN governor, global economic decline, Binance halts in Nigeria | Nigeria suspends, detains central bank governor
Nigeria’s newly elected President Bola Ahmed Tinubu has suspended the country’s Central Bank (CBN) Governor, Godwin Emefiele, for investigative purposes. The Department of State Services (DSS)... |
| Jun 9, 2023 | Can B2B e-commerce startups innovate their way out of tough times? | Building a tech startup is the “new cool.” Well, it’s been this way for over a decade but gained peak acceptance in recent years. Raising millions of dollars only became popular in 2021, and the fintech wave is the youngest trend. Before fi... |
| May 25, 2023 | C. Moore Media and Allison+Partners collaborate with Google Africa to launch the fourth edition of the Future is Female Mentorship Program
TechCabal’s 2021 Year-End report
Success! | The Future is Female Mentorship Program is the first and only PR and communications program dedicated exclusively to African women in tech. Applications to the program have grown by over 160% in recent years, with applications received from... |
| May 20, 2023 | South Africa’s Eskom to pay citizens for saving electricity
TechCabal’s 2021 Year-End report
Success! | Lire en français
Read this email in French.
Editor’s Note
Week 20, 2023
Read time: 5 minutes
Settle into your favorite reading spot to read today’s edition, as it entails the biggest tech stories from across Africa. Enjoy!
Pamela Tetteh Edi... |
| May 18, 2023 | The ‘big four’ are not reducing steam, but new leaders are emerging in Africa’s tech ecosystem
TechCabal’s 2021 Year-End report
Success! | The ‘big four’—Nigeria, Egypt, South Africa, and Kenya— are all known for pulling the weights in Africa’s tech ecosystem, however, new countries are emerging as frontiers and are rapidly carving out their space in the tech landscape.
Africa... |
| May 15, 2023 | Weekly Economic Index: Moody’s downgrades Egypt, Zimbabwe discovers Helium, Tanzania speeds up tourism | Moody’s moves to downgrade Egypt to B3
Moody’s Investors Services has placed Egypt’s B3 long-term foreign-currency and local-currency issuer ratings under review for downgrade, according to a local report. This follows Fitch Ratings’ downgr... |
| May 15, 2023 | Do South African startups exit too early? Experts have their say
TechCabal’s 2021 Year-End report
Success! | Since 2015, more than one-third of acquisitions in the African tech space have involved South African companies. Does the hypothesis that some of the exit deals are premature legitimate?
South Africa is and has, for a while now, been the un... |
| May 8, 2023 | Inside the shutdown of Lazerpay, the Web3 startup that was high on hope but short on capital
TechCabal’s 2021 Year-End report
Success! | A year and a half after its incorporation, Lazerpay ceased operations. Here’s the story of how the lauded startup was unable to secure funding and its eventual shutdown. Written by Ngozi Chukwu and Muktar Oladunmade.
Two months after sponso... |
| May 2, 2023 | The leading African tech moves from April 2023
TechCabal’s 2021 Year-End report
Success! | Editor’s Note
A brutally sluggish month for African startups, the continent squares up to Big Tech and layoffs continue to be a drag—April could not end sooner for some in the tech ecosystem.
It wasn’t all grey clouds though; Kenya saw some... |
| Apr 29, 2023 | Funding or not, Wimbart’s Jessica believes tech PR is here to stay
TechCabal’s 2021 Year-End report
Success! | A cottage industry of public relations firms and niche media publications helped create Africa’s tech funding boom and grew alongside it. But with funding rounds drying up and more critical media hovering above, the marriage between media a... |
| Apr 29, 2023 | Sudan throttles its internet
TechCabal’s 2021 Year-End report
Success! | Lire en français
Read this email in French.
Editor’s Note
Week 17, 2023
Read time: 5 minutes
Hello! Did you miss us? The past few long weekends (thank you April!) meant we couldn’t be in your inbox, but this week, we’re back with interestin... |
| Apr 20, 2023 | Funding trackers are aplenty in the Africa tech ecosystem, but whose data can be trusted?
TechCabal’s 2021 Year-End report
Success! | Since the initial boom of venture capital funding in Africa in the mid 2010s, ecosystem observers have relied on publications like TechCabal, as well as numerous newsletters published by independent journalists to keep them up to date about... |
| Apr 17, 2023 | Weekly Economic Index: Fresh conflict shuts down Sudan, Kenya now in Space, New malaria vaccine for Ghana. | Is Sudan on the brink of another civil war?
On Saturday, April 15th, a clash broke out in Khartoum between Sudan’s paramilitary Rapid Support Forces (RSF) and the army in an alleged power tussle. According to Reuters, the Sudanese Doctors’ ... |
| Apr 3, 2023 | Funding for African tech startups declined by 57% in Q1 of 2023
TechCabal’s 2021 Year-End report
Success! | African tech startups raised 57.2% less capital in Q1 of 2023 than they did in the same period last year. This is according to data released by Disrupt Africa.
As other ecosystems were grappling with the effects of the economic downturn whi... |
| Mar 20, 2023 | Weekly Economic Index: CBN yields to court orders, Emirates is done with Nigeria, Gaddafi’s missing uranium | CBN bows to the Supreme Court’s order
After six long weeks of naira swap tussle, the Central Bank of Nigeria (CBN) finally bows to the Supreme Court’s order to extend the deadline for the use of old naira notes to December 31, 2023. Nigeria... |
| Mar 16, 2023 | 5 alternative payment options to using cash in Nigeria | As Nigeria’s struggle with cash scarcity bites on, alternative payment options to cash are rapidly gaining popularity in the country. Although the traditional cash-based system has been the most popular amongst Nigerians and businesses, mor... |
| Mar 15, 2023 | Multibillion-dollar Foundry fund for investing in local startups shut down by SA’s Naspers | Naspers, a South African firm, has shut down Naspers Foundry, a locally oriented venture capital fund, citing the “global investment climate” as the cause.
In October 2018, Naspers announced the opening of the Foundry fund, a ZAR1.4 billion... |
| Mar 14, 2023 | Naspers Foundry is folding: Where are its alumni?
TechCabal’s 2021 Year-End report
Success! | On Monday, March 13, Naspers’ R1.4 billion (~$77 million) venture capital fund, Naspers Foundry, was shut down by the company, with the fund’s portfolio companies and any further investments to be overseen by Prosus Venture henceforth.
When... |
| Feb 20, 2023 | Weekly Economic Index: Microsoft restricts Bing AI chat, Egypt’s state assets for sale, cash scarcity protests in Nigeria. | Microsoft nips Bing AI in the bud
Last week, Microsoft announced plans to implement conversation limits to its chatbot- Bing AI to make it more helpful to users. Quoting the tech giant, The Verge reported that data has proven that the “vast... |
| Feb 18, 2023 | This Week: Raising ₦100 million in 10 days
TechCabal’s 2021 Year-End report
Success! | Editor’s Note
Week 07, 2023
Read time: 5 minutes
In this edition, investors at a Nigerian startup Fluidcoins grapple with the reality of making zero returns on the startup’s sale to UAE-based Blockfinex. On the other hand, Jumia is predicti... |
| Feb 14, 2023 | Look to other geographies for business models and not just their tech; takeaways from World Bank’s Africa-Korea Agtech Summit | An awards ceremony marked the culmination of the Africa-Korea Agtech Challenge and Summit, a World Bank initiative held in Nairobi to identify and collaborate with innovators of “disruptive agricultural technologies” (DATs) from Korea, Keny... |
| Feb 13, 2023 | How Pade HCM is solving the problem of employee engagement in Africa
TechCabal’s 2021 Year-End report
Success! | When Lekan Omotoso and Seye Bandele met 11 years ago in Nigeria’s capital city, Abuja, they could not have guessed that they’d attempt to solve a $24-billion problem through Pade HCM, the HR tech startup they would go on to co-found.
In 201... |
| Feb 11, 2023 | A $4 million SIM card fraud
TechCabal’s 2021 Year-End report
Success! | Editor’s Note
Week 06, 2023
Read time: 5 minutes
This week, we’ve got a mix of good and bad news. On the bright side: Orange is lighting up Sierra Leone with a brand-new Orange Digital Center. Nigerian fintech unicorn Flutterwave expanded i... |
| Feb 7, 2023 | Disrupt Africa: Africa’s over $3billion tech funding in 2022, and other key highlights. | For the first time, 2022 was another record year for funding activity in the African tech startup ecosystem, with total investment passing $3 billion, the latest report by Disrupt Africa has shown. This is exceptional in the funding value a... |
| Feb 6, 2023 | African gaming startups are on the rise | Africa’s gaming industry has been nascent for a long time. Even though gaming has always been popular on the continent, the business of making games from Africa has struggled to catch on. There are several reasons for this paradox, but the ... |
| Jan 23, 2023 | Weekly Economic Index: China’s economy reopens, escalating fuel scarcity in Nigeria, and Google’s big announcement | Global implications of China’s reopening economy
As China announces the end of its zero Covid curbs and the opening of its economy last week, the news sent both a positive outlook on global economic recovery and incited worries about its po... |
| Jan 21, 2023 | This week: Kuda gets digital banking licence in Pakistan
TechCabal’s 2021 Year-End report
Success! | Editor’s Note
Week 03, 2023
Read time: 5 minutes
In this week’s edition of TC Weekender, the telcos take center stage. From MTN Ghana fighting a hefty fine from the government to MTN SA being embroiled in a three-way tussle in South Africa,... |
| Jan 17, 2023 | How MIT’s Senseable Lagos Lab will drive innovation to the African tech industry | The African tech ecosystem has seen tremendous growth in recent years and provides a landscape for future investors to reap great benefits. This rise in technological development is fuelled by the continent’s young, and digitally-literate p... |
| Jan 16, 2023 | These platforms are helping shape the creative industry in Africa | The creative industry is a significant source of employment in Africa, with various sectors such as digital creation, film, music, and fashion providing jobs for many young people. According to UNESCO, the African creative industry generate... |
| Jan 14, 2023 | This week: Sama leaves Facebook
TechCabal’s 2021 Year-End report
Success! | Editor’s Note
Week 02, 2023
Read time: 5 minutes
Happy New Year and welcome to the first edition of TC Weekender in 2023! Before we delve in, I hope the year has started great for you and you’re on track to have a wonderful year.
In this ed... |
| Dec 21, 2022 | How MIT’s Senseable Lagos Lab will drive innovation to the African tech industry | The African tech ecosystem has seen tremendous growth in recent years and provides a landscape for future investors to reap great benefits. This rise in technological development is fuelled by the continent’s young, and digitally-literate p... |
| Dec 20, 2022 | AFIS: Is winter coming for African fintechs? | The growth of Africa’s tech ecosystem is one of the best things happening on the continent. The growth has made Africa a hotspot for investment, particularly in fintech, with revenue expected to reach $30bn by 2025. Aida Diarra, Senior Vice... |
| Dec 12, 2022 | Weekly Economic Index: Cash restrictions in Nigeria, Africa in G20 and Covid in China | CBN announces cash withdrawal policy
On Tuesday, 6th of December, the Central Bank of Nigeria (CBN) issued new guidelines on cash withdrawals made through POS, ATMs and over-the-counter (OTC) for Nigerian residents and businesses in further... |
| Dec 10, 2022 | TC Weekender: Nigeria limits cash withdrawals
TechCabal’s 2021 Year-End report
Success! | Editor’s Note
Week 49, 2022
Read time: 5 minutes
This week, the Nigerian government takes another stab at pushing the cashless economy agenda by imposing limits of individual and corporate cash withdrawals. Will it work, or is this another ... |
| Dec 7, 2022 | African credit-led fintech Finclusion raises additional capital amidst rebrand | African credit-led neobank Finclusion Group has raised an additional $2 million in equity financing as it officially rebrands to Fin, the company said in a statement shared with TechCrunch.
The news follows a January announcement that the f... |
| Dec 6, 2022 | FTX marked down Chipper Cash’s $2B valuation to $1.25B | African fintech Chipper Cash saw its valuation slashed from $2 billion to $1.25 billion before FTX’s bankruptcy, according to documents shared by the Financial Times on Alameda’s venture capital portfolio.
TechCrunch got a whiff of this inf... |
| Nov 29, 2022 | E-commerce & logistics platform Africa Goodnest connects smallholder farmers with domestic, international markets | Africa Goodnest, a Ghanaian company, is an e-commerce and logistics platform that facilitates access to domestic and international markets, aids smallholder agricultural enterprises, and disperses agricultural goods with added value.
Africa... |
| Nov 29, 2022 | Tech Venture Capital Firm 4Di Capital Raises R425 Million In Seed Fund | 4Di Capital |
| Nov 26, 2022 | This week: Korapay and Kandon akquitted
TechCabal’s 2021 Year-End report
Success! | Editor’s Note
Week 47, 2022
Read time: 5 minutes
The tech industry is headed for a long winter, it may seem. This week brings news of more layoffs, closures, and even theft as companies in the ecosystem feel the frigid gusts of the global e... |
| Nov 23, 2022 | Accelerating Business Transformation Across The African Startup Ecosystem | Juliet Ehimuan is Director, Google W. Africa, and Founder, Beyond Limits Initiative. She focuses on innovation, transformation & leadership. |
| Nov 22, 2022 | #I4GHACKFEST: Tech is the only sector that allows you to come as you are – Odunayo Eweniyi | Over the past decade, Nigeria’s tech scene has shown impressive growth. By passing through several tech waves, the industry has gone from obscure and undervalued to the country’s fastest-growing sector.
During the pandemic, young Nigerians ... |
| Nov 21, 2022 | Weekly Economic Index: Nigeria’s food prices balloon, Africa wins at COP27, & 10,000 job losses | Nigeria’s inflation surges to a 17-year high
The latest report by the National Bureau of Statistics (NBS) indicates that Nigeria’s Consumer Price Index (CPI) skyrocketed to a 17-year high of 21.09% last October, a 0.32% point surge from the... |
| Nov 19, 2022 | This Week: Healthlane goes off course
TechCabal’s 2021 Year-End report
Success! | Editor’s Note
Week 46, 2022
Read time: 5 minutes
Layoffs, resignations and licence losses seem to be the order of this week. Nestcoin and Twiga laid off some of their staff this week, while employees of Future Africa volunteered to leave th... |
| Nov 5, 2022 | This week: Competition in Kenya | Editor’s Note
Week 44, 2022
Read time: 5 minutes
This week, there’s quite a lot to catch up on in tech.
While Nigeria moves to regulate your favorite social media platforms, AWS opens a new office in Lagos. Uber drops its commission rates f... |
| Nov 2, 2022 | Techstars’ mentor on how Africa can rise to its calling as the continent of the future | The process of building companies in Africa is different from anywhere else in the world. Here, resources are scarce, problems are multifaceted, and factors beyond the founders’ control command the tune of the ecosystem. According to Eche E... |
| Nov 1, 2022 | Nigeria: Serena Williams' Investment Shows That Nigeria's Technology Sector Is Attractive - but Things Can Be Better | Nigeria is the leading African destination for foreign direct investments in technology startup businesses. Between 2015 and 2022, Nigerian technology startups have secured funding totalling just over US$2 billion. This is the highest amoun... |
| Oct 27, 2022 | What Clubhouse’s trajectory can teach African startups about frugality | 0
Throughout this year, numerous African startups have shut down due to a lack of funds to continue operating. Among these are Kenya-based Notify Logistics and Kune Foods, South Africa-based Snapt and most recently, Nigeria-based Kloud Comm... |
| Oct 24, 2022 | Weekly Economic Index: Nigeria wants to lead Africa’s tech ecosystem with new Startup Act | The government of President Muhammadu Buhari has finally signed the passed the long waited Startup Bill into law- the Nigeria Startup Act.. The motion which has been on for over a year in the senate and a hot topic of discussion in the busi... |
| Oct 15, 2022 | This Week: New law in Uganda | Editor’s Note
Week 40, 2022
Read time: 5 minutes
Governments across Africa seem to be on a quest to trample on citizens’ digital rights. In Uganda, the Computer Misuse Bill becomes law, while Nigerians risk becoming collateral damage in the... |
| Oct 12, 2022 | Data Snapshot: Seed stage deal activity jumped 70% YoY in African agrifoodtech investment | Data Snapshot is a regular AFN feature in which we analyze agrifoodtech market investment data provided by our parent company, AgFunder.
Click here for more research from AgFunder and sign up to our newsletters to receive alerts about new r... |
| Oct 11, 2022 | Cape Town Welcomes Thousands of African and Global Fintech Industry Leaders, Stakeholders, Investors and Regulators for the 8th Africa Fintech Summit. | The 8th edition of the Africa Fintech Summit is set to hold from November 2-4, 2022, in Cape Town, South Africa, at the Cape Town International Convention Centre (CTICC). This year’s hybrid event supports in-person and virtual participation... |
| Oct 8, 2022 | This Week: Nigeria sues Meta | Editor’s Note
Week 40, 2022
Read time: 5 minutes
Meta is no novice when it comes to being sued.
This time the Nigerian government has a bone to pick with the social media giant. We’ll see how it ends. We’ll also have a holiday on Monday, an... |
| Oct 7, 2022 | Meet the founder: How Doaa Abdel Hameed pivoted her food delivery startup to a “super-app” | “There comes a time where the path of your career life has to change.”
Doaa Abdel Hameed was working in people and operations management in the food delivery industry when she and her co-founders saw a gap in the market for a single app to ... |
| Oct 7, 2022 | South Africa’s largest venture capital fund has a diversity problem | Last week, Cape Town-based on-demand home cleaning and services startup SweepSouth announced that it had raised $11 million in its latest funding round. In 2019, SweepSouth was the first company to receive funding from Naspers Foundry, a R1... |
| Oct 3, 2022 | Weekly Economic Index: African central banks are raising interest rates | Like their peers in advanced economies, monetary policymakers across Sub-Saharan Africa have turned more aggressive with interest rates.
On Tuesday, September 27 2022, Nigeria’s central bank (CBN) increased the country’s benchmark interest ... |
| Sep 27, 2022 | Highlights from Disrupt Africa’s report on the Nigerian Startup Ecosystem. | In the past few years, Nigeria has become the nerve of innovation in Africa, especially in the area of startup funding. Some of the juiciest success stories in the African tech ecosystem erupted from Nigeria. Several reports have corroborat... |
| Sep 26, 2022 | Weekly Economic Index: Africa may lose over $25 billion to cyber attacks by 2050 | With the fast growth of internet penetration in Africa comes broad exposure to cyber insecurity. While the continent builds momentum in internet infrastructure and experiences an exponential increase in tech adoption it seems to be paying i... |
| Sep 26, 2022 | Vendease, a food procurement platform for African restaurants, nabs $30M led by Partech Africa and TLcom | When Vendease launched in January 2020, it wanted to solve the challenges and inefficiencies in Nigeria’s highly fragmented food sector using a marketplace model that connected suppliers and farms to restaurants and food businesses, with de... |
| Sep 24, 2022 | This week: MTN builds private 5G networks in SA | Plus:Only 10 digital lenders got licences in Kenya.
Editor’s Note
Week 37, 2022
Read time: 5 minutes
Post-pandemic, healthtech remains in good health. Right on the heels of mPharma’s acquisition of HealthPlus, startup Remedial Health has ra... |
| Sep 21, 2022 | Data snapshot: 90% of African agrifoodtech investment went to Nigeria, Egypt and Kenya | Data Snapshot is a regular AFN feature in which we analyze agrifoodtech market investment data provided by our parent company, AgFunder.
Click here for more research from AgFunder and sign up to our newsletters to receive alerts about new r... |
| Sep 21, 2022 | Laced-up Sneakers and More! The 1st Edition of #BeyondWork by TERAWORK Was a Success. | Titi Taiwo, COO at TERAWORK, Charles O’Tudor, Group Principal Consultant at ADSTRAT BMC, Teju Abisoye, Executive Secretary at LSETF, and Femi Taiwo, CEO at TERAWORK.
The maiden edition of #BeyondWork, a TERAWORK initiative that aims to brin... |
| Sep 20, 2022 | BREAKING: Africa agrifoodtech startups raise $1bn in 5 years, but just 1% of global investment | Africa has seen a substantial rise in the volume of venture capital flowing into the continent. While the majority of investments go to Africa’s surging fintech sector, agrifoodtech startups are also seeing a bump in investor interest.
Last... |
| Sep 12, 2022 | #TechCEO Meet Onyekachi Izukanne, The Man Behind African Retail Aggregator 'TradeDepot' | Joaquin Victor Tacla, Tech Times 12 September 2022, 02:09 pm
TradeDepot is led by co-founder and CEO Onyekachi Izukanne. With 17 years of expertise in technology and consulting, he is one of the most successful entrepreneurs in Nigeria.
(Ph... |
| Sep 10, 2022 | This Week: Nigeria rejects new tax law | Plus:$4 million for 60 African startups. Nigeria pressures MultiChoice.
Editor’s Note
Week 37, 2022
Read time: 5 minutes
This week, Damilare looked into Y Combinator’s six-year record with gender parity in the startups it has backed. What d... |
| Sep 9, 2022 | Blockchain payments startup Bitmama secures $2 million pre-seed round | The US and Africa-based blockchain payments startup Bitmama has raised an additional $1.65 million in funding, bringing its total pre-seed round to $2 million.
Bitmama’s initial $350,000 pre-seed was raised in October 2021 and included inve... |
| Sep 3, 2022 | TC Weekender – Risevest CEO steps down | Plus: Flutterwave secures high-profile licence. Trevor Noah recreates a US insurrection.
Editor’s Note
Week 36, 2022
Read time: 5 minutes
More lay-offs. More regulatory run-ins. I really enjoyed Daniel’s deep dive on Jumia’s evolution beyon... |
| Aug 30, 2022 | Kenyan fintech Pezesha raises $11M backed by Women’s World Banking, Cardano parent IOG | Access to finance remains a key growth constraint for small businesses, with data showing a $330 billion financing deficit for the small enterprises that make up 90% of Africa’s businesses.
This is the gap that Kenya’s embedded finance fint... |
| Aug 27, 2022 | TC Weekender – MTN rolls out 5G in Nigeria | Plus: South Africa is striking gold with tech exit. Binance supports ZAR. University strikes are pumpimg tech talents.
Editor’s Note
Week 34, 2022
Read time: 5 minutes
Nigeria’s ASUU strike is upending the degree-before-career norm in the m... |
| Aug 26, 2022 | The land of mergers and acquisitions: how South Africa continues to strike gold with tech exits | 2022 began with Volaris Group’s $88 million acquisition of software and IT firm Adapt IT in January. Other acquisitions have followed: Principa’s acquisition by Hyperclear, inq.’ acquisition of Syrex, Gumtree’s acquisition by Impresa Capita... |
| Aug 20, 2022 | TC-Weekender-Bolt shrinks in Tanzania | Editor’s Note
Week 33, 2022
Read time: 5 minutes
This week, we saw interesting developments, especially in the telecom, logistics, and mobility industries across Africa. The stories reminded me that the road won’t always be easy, but it’s r... |
| Aug 16, 2022 | Hytch abandons car-pooling, becomes a B2B logistics startup | Hytch, a Nigerian ride-hailing startup that launched to the public in May this year to help people share rides and move faster and cheaper, will no longer provide car-pooling services. According to a source who works closely with the startu... |
| Aug 11, 2022 | South African logistics startup Droppa announces Series A round led by SkyNet Worldwide Express | South African logistics startup Droppa has announced that it has closed a Series A funding round led by logistics company SkyNet Worldwide Express. The deal amount was not disclosed.
SkyNet had previously partnered with in Droppa in July 20... |
