africa

Startups BRCK and Swvl partner on free Wi-Fi for Kenyan ride-hail buses

Nairobi-based internet hardware and service startup BRCK and Egyptian ride-hail venture Swvl are partnering to bring Wi-Fi and online entertainment to on-demand bus service in Kenya. BRCK will install

China’s Vivo is eyeing smartphone users in Africa and the Middle East

Africa’s mobile phone industry has in recent times been dominated by Transsion, a Shenzhen-based company that is little known outside the African continent and is gearing up for an initial publi

Why this Nigerian fintech startup is volunteering audited financials

Nigerian fintech firm Carbon — an early-stage financial services startup based in Lagos — has posted on its website financials audited by KPMG. This comes four months after the company obtained a

Flutterwave and Alipay partner on payments between Africa and China

San Francisco and Lagos-based fintech startup Flutterwave has partnered with Chinese e-commerce company Alibaba’s Alipay to offer digital payments between Africa and China. Flutterwave is a Nige

Spacetech growth, the future of micromobility, and how to solve the hell of open offices

Is space truly within reach for startups and VC? With the 50th anniversary of the moon landing taking place this past week, Darrell Etherington takes a temperature check of the current state of spacet

Africa’s ride-hail markets are hot spots for startups and VC

When it comes to VC, vehicles, and startups, Africa’s ride-hail markets are becoming a multi-wheeled and global affair. The big players such as Uber and Bolt are competing in Kampala and Nairobi—w

China’s coffee upstart Luckin pushes into India and Middle East

Luckin continues to expand at jaw-dropping speed as it announced plans to open shop overseas for the first time. On Monday, the Starbucks challenger from China said it has signed a memorandum of under

VertoFX raises $2M for its African and EM currency trading platform

VertoFX, an Africa and emerging markets-focused currency trading and payment startup, has raised a $2.1 million seed round, led by Accelerated Digital Ventures. The London-based company, with a subsid

Canal+ acquires Nollywood studio ROK from IROKOtv to grow African film

French television company Canal+ has acquired the ROK film studio from VOD company IROKOtv for an undisclosed amount. Founded by Jason Njoku in 2010 — and backed by $45 million  in VC — IROKOtv b

Opera founded startup OPay raises $50M for mobile finance in Nigeria

OPay, an Africa-focused mobile payments startup founded by Norwegian browser company Opera, has raised $50 million in funding. Lead investors include Sequoia China, IDG Capital and Source Code Capital

InDriver launches ride-hail app in fourth African country, Uganda

Global ride-hail startup InDriver launches its app-based service in Kampala (Uganda) this week. After going live in Nairobi in June, the online taxi company now operates in four African countries: Ken

Uber CTO says competing with Didi is ‘very healthy’ despite their complicated relationship

Competing with a company that counts you as an investor is hardly conventional — some might call it strange — but for Uber, it’s a situation that is not only normal, but essential. T

PayU, Naspers’ global fintech firm, enters Southeast Asia with acquisition of Red Dot Payment

PayU, the Naspers-owned fintech firm that specializes in emerging markets, is broadening its global reach into Southeast Asia after it announced a deal to buy a majority stake in Singapore-based Red D

Only 2% of genomic material available for research comes from Africa; 54gene wants to change that

New advances in genetic mapping and manipulation hold the promise of reshaping medical treatments in the 21st century, but thanks to a lack of sufficient infrastructure and apparent scientific disrega

Africa Roundup: Yamaha backs MAX, Founders Factory and Norrsken support startups, inside Ethiopia’s tech scene

Competition in Africa’s two-wheel ride-hail market is accelerating. Nigerian motorcycle transit startup MAX.ng was the latest startup to add funding, raising a $7 million funding round in June w

South African SME finance startup Lulalend raises $6.5M Series A

South African digital lender Lulalend has raised a $6.5 million Series A round co-led by IFC and Quona Capital. The Cape Town based startup uses an online application process and internal credit metri

African fintech dominates Catalyst Fund’s 2019 startup cohort

African fintech has taken center stage for the Catalyst Fund, a JP Morgan Chase and Bill & Melinda Gates Foundation-backed accelerator that provides mentorship and non-equity funding to emerging m

Ethiopia’s bid to become an African startup hub hinges on connectivity

Ethiopia is flexing its ambitions to become Africa’s next startup hub. The country of 105 million with the continent’s seventh largest economy is revamping government policies, firing up angel net

MAX.ng raises $7M round backed by Yamaha and pilots EVs in Nigeria

Nigerian motorcycle transit startup MAX.ng has raised a $7 million funding round led by Novastar Ventures, with participation from Japanese manufacturer Yamaha. Based in Lagos, the company’s app

Canada’s True North conference is not your typical tech event

From the venue and the flashy event website, Waterloo, Ontario’s True North conference (in its second year) doesn’t seem all that distinct from a laundry list of other major tech events th
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