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Tech in Africa

Tech in Africa

Tracking the African technology sector and covering startups, venture capital, and unicorns.

Google is expanding its support for the Black Founders Fund in Africa program

Google is expanding its support for the Black Founders Fund in Africa program

Google for Startups, a Google initiative giving access to equity-free funding to Black-founded startups in Africa, will be expanding its support for the $4 million Black Founders Fund program with an additional $1 million in funding. Launched in 2021, as part of Google's commitment to working toward a more equitable

Ex-Binance executives launch $100 million crypto fund for Latin America and Africa

Ex-Binance executives launch $100 million crypto fund for Latin America and Africa

Old Fashion Research, a group founded in 2021 by the former executives of Binance has launched a $100 million fund to support crypto adoption and expansion in emerging markets– Latin America and Africa. * The funds will focus on supporting metaverse and cryptocurrency projects in the regions. * The group has earlier

Technology giant MTN's revenue saw double-digit growth to reach $2.8 billion in Q1 2022

Technology giant MTN's revenue saw double-digit growth to reach $2.8 billion in Q1 2022

The most important technology news and top venture deals across emerging markets, with charts that illustrate the stories.

Pan-African fintech startup Bamba raises $3.2 million in funding

Pan-African fintech startup Bamba raises $3.2 million in funding

Bamba, [https://getbamba.com/] an African-focused fintech startup based in Kenya has raised $3.2 million in its seed funding round led by 468 Capital. * The new funding will be used to build out its product offering, expand its engineering team and increase its user base across 12 sub-Saharan African

Healthcare startup CarePoint raises $10 million

Healthcare startup CarePoint raises $10 million

Carepoint, [https://carepointhealth.org/] a healthtech startup has raised $10 million in its bridge round to expand affordable healthcare services in Africa. * The startup is using a tech-enabled method to offer telemedicine healthcare to the masses across Africa. * The telemedicine platform is setting up micro clinics linking healthcare professionals to

Nigerian shipping solution startup Topship raises $2.5 million

Nigerian shipping solution startup Topship raises $2.5 million

Topship, [https://topship.africa/] a Nigeria-based shipping solution startup has raised $2.5 million in its seed funding round after graduating from YC Combinator accelerator program. * Topship is simplifying the importation and exportation of parcels and cargo for businesses, suppliers, customers and distributors worldwide. * Launched in 2020, the startup provides

MTN reports significant revenue and subscriber increase in Q1 2022

MTN reports significant revenue and subscriber increase in Q1 2022

We break down the key highlights of the company's latest report below, by the entire group, the two biggest markets, and the services.

African startups raised $230 million including Interswitch, Paymob, and Jambo

African startups raised $230 million including Interswitch, Paymob, and Jambo

This week, Techloy tracked startup and tech venture funding deals across Africa, with a total of $230 million raised in eight disclosed deals announced.

Enterprise IT Spending in the Middle East, Turkey & Africa to top $40 billion in 2022

Enterprise IT Spending in the Middle East, Turkey & Africa to top $40 billion in 2022

Enterprise IT spending across the Middle East, Turkey, and Africa (META) region will see strong year-on-year growth of 7% in 2022 to cross the $40.2 billion mark, according to the latest projections by International Data Corporation (IDC). Here are the key highlights: * Spending on telecommunications to increase 3.2%

Congolese Web3 startup Jambo raises $30 million in Series A

Congolese Web3 startup Jambo raises $30 million in Series A

Jambo, [https://jambo.technology/] a Congo-based startup building a Web3 user acquisition platform has raised $30 million in its Series A funding round from Paradigm, [https://www.paradigm.xyz/] an investment firm focusing on crypto/web3 companies. * Launched in 2021, Jambo combines education, collective access to play-to-earn games and a