ethiopia

MWC: Ethiopian fintech eQub digitizes peer-to-peer credit

Ethiopian startup eQub won the fintech pitching battle at 4YFN 2024, the startup event of Mobile World Congress.

Meta pressed to compensate war victims amid claims Facebook inflamed Tigray conflict

Meta is facing growing calls to set up a restitution fund for victims of the Tigray War, which Facebook is alleged to have fueled leading to over 600,000 deaths and the displacement of millions across

Kenyan court paves way for lawsuit alleging Facebook played role in fueling Ethiopia’s Tigray conflict

Petitioners seek to compel Meta to stop viral hate on Facebook, ramp up content review, and to create a $1.6 billion compensation fund.

Oxfam Novib and Goodwell target East African startups with €20M Pepea fund

Impact investor Goodwell Investments and Oxfam Novib, a Dutch foundation and Oxfam International affiliate, have set up Pepea, a €20 million ($21.7 million) fund, to provide financing to early-stage

Why Nigeria leads the way in YC’s participation in Africa

Nigerian startups are a huge part of the current Y Combinator cohort. Looking at the data, that should not be a surprise.

OkHi gets $1.5M seed extension to scale its smart address verification service across Africa

It can be challenging to prove or navigate addresses in Africa due to poor addressing infrastructure. And for some countries like Nigeria, customers need to accurately provide their addresses to finan

Sudan’s first YC-backed startup is helping consumers protect and grow their wealth

Anglophone East Africa is home to over 400 million people, with half under 25. The region happens to be one of the fastest-growing globally; nevertheless, over 200 million people in East Africa do not

Stax gets $2.2M for its app that lets Africans make transactions via automated USSD codes

Stax, a startup that allows Africans to buy airtime, send and request money, and transfer funds between accounts via automated USSD codes, has raised a $2.2 million seed extension round. U.S.-based VC

Game studios come together to grow industry in Africa

Ten game development studios in Africa have come together under one umbrella, the Pan Africa Gaming Group (PAGG), in an effort to unify the continent’s gaming sector, which is currently fragmented.

Taptap Send raises $65M to build cross-border remittances focused on the most underserved markets

Cross-border remittances — when people living and working abroad send money back home to friends and family — continues to be a huge part of how those living in developing countries, off t

Facebook whistleblower, Frances Haugen, raises trust and security questions over its e2e encryption

Frances Haugen, one of (now) multiple Facebook whistleblowers who have come forward in recent years with damning testimony related to product safety, gave testimony in front of the UK parliament today

Google sets up $50M fund to invest in African startups

Google plans to invest up to $50 million in African early- and growth-stage startups via its Africa Investment Fund, ramping up efforts to support more businesses on the continent. Google made known i

WhatsApp and other social media platforms restricted in Zambia amidst ongoing elections

Several users from Zambia have taken to Twitter informing the general public that WhatsApp has been restricted in the country amidst ongoing general elections today. The president and parliamentary el

Twitter to set up its first African presence in Ghana

Twitter CEO Jack Dorsey, via a tweet, announced that the company would be setting up a presence in Africa. “Twitter is now present on the continent. Thank you, Ghana and Nana Akufo-Addo,” he said.

African talent recruitment company TalentQL joins Techstars to further global ambition

African-focused talent recruitment and outsourcing company TalentQL today announced that it has been accepted into Techstars Toronto. The company will join nine other startups in the accelerator&#82

Ghana’s mPharma partners with Ethiopian conglomerate to enter its eighth market

mPharma, a Ghanaian health tech startup that manages prescription drug inventory for pharmacies and their suppliers, today announced its expansion to Ethiopia. The company was founded by Daniel Shouki

Former head of the World Resources Institute has a new role leading Bezos’ $10 billion Earth Fund

The $10 billion Bezos Earth Fund has a new chief executive and it’s Andrew Steer, the former head of the World Resources Institute — an organization that Bezos described as “working

Google, Cisco and VMware join Microsoft to oppose NSO Group in WhatsApp spyware case

A coalition of companies have filed an amicus brief in support of a legal case brought by WhatsApp against Israeli intelligence firm NSO Group, accusing the company of using an undisclosed vulnerabil

SunCulture wants to turn Africa into the world’s next bread basket, one solar water pump at a time

The world’s food supply must double by the year 2050 to meet the demands of a growing population, according to a report from the United Nations. And as pressure mounts to find new crop land to s

Alibaba and Ethiopian Airlines to launch cold chain exporting China’s COVID vaccines

China has pledged that it would be sharing its COVID-19 vaccines with other countries, especially those with which it has close ties. While the country is not ready to deploy its vaccines internationa
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