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Tech in Africa

Tech in Africa

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

African enterprise offering data warehousing solutions Bluechip expands into Europe

African enterprise offering data warehousing solutions Bluechip expands into Europe

Bluechip Technologies, a Nigeria-based startup collecting and analyzing data for informed business decisions in partnership with Microsoft and Oracle, has announced its expansion into Europe to offer data warehousing solutions to European banks, telcos, and insurance firms. * Founded in 2008, Bluechip focuses on data warehousing, analytics, and enterprise systems for

Africa Finance Corporation invests $100 million in Angola's Cabinda Refinery

Africa Finance Corporation invests $100 million in Angola's Cabinda Refinery

Africa Finance Corporation, an Africa-focused private sector-led infrastructure firm has invested $100 million in the construction of the Cabinda Refinery in Angola, to boost the nation's efforts on improving energy production and exports. * After recently emerging as the largest oil producer in Africa, Angola has joined the AFC as the

4 African startups selected for Y Combinator accelerator S22 batch

4 African startups selected for Y Combinator accelerator S22 batch

Four African startups have been selected to participate in the Silicon Valley Y Combinator accelerator programme among a total of 156 startups already confirmed from different regions. * The confirmed startups are Nigeria's fintech startup Pivo, Chowdeck, a Nigerian food delivery platform, Kenyan payments platform, Patika, and Ghanaian auto parts distribution

African mobility fintech Moove takes its sustainable vehicle financing to India

African mobility fintech Moove takes its sustainable vehicle financing to India

Moove, a mobility-first fintech startup born in Africa, has expanded its revenue-based vehicle financing model to India to support mobility entrepreneurs and create sustainable jobs, as part of its global expansion plans. * Moove is partnering with Uber India to launch 5,000 electric and compressed natural gas (CNG) vehicles in

FMO commits $10 million to Algebra Fund II to back Egyptian tech startups

FMO commits $10 million to Algebra Fund II to back Egyptian tech startups

Algebra Fund II, managed by Algebra Ventures based in Egypt has secured $10 million from FMO, the Dutch Entrepreneurial Development Bank, alongside other investors. * Algebra Fund II will invest in technology startups in Egypt, the Middle East and, other African areas. * The fund will be deployed as early-stage investments across

Sudanese fintech startup Bloom raises over $6 million in seed funding

Sudanese fintech startup Bloom raises over $6 million in seed funding

Bloom, a fintech startup helping people to save in volatile economies has raised $6.5 million in its seed funding round to expand its operations in Sudan and the East Africa region. * The capital will be invested in widening its operations in Sudan and the East Africa region including Ethiopia,

Catalyst Fund secures $3.5 million to scale pre-seed impact ventures in Africa

Catalyst Fund secures $3.5 million to scale pre-seed impact ventures in Africa

Kenya-based Catalyst Fund supporting early-stage startups building innovative fintech solutions to serve underserved communities has secured $3.5 million in funding, to accelerate and scale pre-seed impact tech startups in Africa. * The fund will back 40 African startups offering innovative fintech solutions in climate-vulnerable communities. * Catalyst Fund has invested in

Tunisian Anava Fund of Funds invests $5.2 million in Silicon Badia

Tunisian Anava Fund of Funds invests $5.2 million in Silicon Badia

Smart Capital, the manager of Anava Fund of Funds based in Tunisia, has invested $5.2 million in Badia Impact Squared Fund (BIF2) to support early-stage tech startups. * Silicon Badia manages BIF2 which focuses on investing in Series A and B stages of tech startups in Egypt, Jordan, Tunisia, Morocco,

This UK Fund is accepting applications for research and innovations in Africa

This UK Fund is accepting applications for research and innovations in Africa

The UK Aid under the Research and Innovations System for Africa is now accepting applications from Nigeria, Ghana, Kenya, South Africa, Ethiopia, and Rwanda, to fund research and innovation projects on the continent. * RISA will award a maximum of £300,000 to each project selected, depending on the project length.