African Start-Ups Archives - AfricaBusiness.com

19Nov

By Africa BusinessNo Comments

Events, Startups

EMERGING Valley Set for Record Attendance: Over 100 Startups, 150+ Speakers, and 40 Inspiring Conferences Scheduled

On December 3, 2024, Aix-Marseille-Provence, designated as the European Capital of Innovation in 2023, will host the 8th edition of EMERGING Valley at the futuristic and inspiring site of TheCamp. Organized under the High Patronage of President Emmanuel Macron, this international event is supported by the Aix-Marseille-Provence Metropolis, the Bouches-du-Rhône Departmental Council, Euroméditerranée, the City of Marseille, and the French Development Agency (AFD). It will bring together 150 speakers, over 40 sessions across 3 top-tier stages, and participants from more than 50 countries, solidifying Aix-Marseille-Provence's status as a strategic hub for emerging technologies connecting Europe and Africa. A Main Stage Rich in Strategic Announcements and Inspiring Discussions The Main Stage ...

8Oct

By Africa BusinessNo Comments

Startups

Misaligned Reporting in African Tech Risks Future Funding, New Report Reveals

Wimbart’s Second Annual Investor Relations Report Calls for Standardised Reporting Frameworks to Strengthen Investor-Startup Relationships 40% of startup founders feel investors do not understand their business and market, creating a disconnect in communication 89% of investors receive regular reporting from their portfolio companies, up from 71% in 2023 72% of investors have increased their reporting requirements over the past 18 months, prioritising sustainability metrics over financial KPIs Wimbart, an award-winning PR agency specialising in business and technology sectors across Africa, has released its second annual report titled “Startup Performance Reporting in Africa: Aligning Startup and Investor Expectations.” The report, which aims to gain a comprehen...

6Nov

By Africa BusinessNo Comments

Ethiopia News, Nigeria News, Startups

Three Nigerian startups scoop top awards at Global Startup Awards Africa, Addis Ababa

Nigerian startups continue to enhance their reputation as some of the most innovative and dynamic players in the continent’s startup ecosystem, after the region walked away with three top awards at the Global Startup Awards (GSA) Africa Summit recently held in Addis Ababa. The GSA Africa in collaboration with the Global Innovation Initiative Group (GIIG), the Ethiopian Ministry of Labour and Skills (MOLS), the Ethiopian Ministry of Innovation and Technology (MInT) with the support of the Entrepreneurship Development Institute (EDI) Ethiopia, revealed the names of 16 overall African category winners. At the spectacular awards ceremony in the Ethiopian capital, three Nigerian startups were among the winners. Emergency Response Africa’s critical initiative to connect individuals experienc...

AWS announces the 25 startups selected for its first ‘fintech in Africa’ accelerator

25May

By Africa BusinessNo Comments

Fintech, Kenya News, Startups

AWS announces the 25 startups selected for its first ‘fintech in Africa’ accelerator

Cohort participants from Kenya, Nigeria , South Africa, Egypt, Ghana, Uganda, and Cameroon 25 African fintech startups have been selected for the inaugural Amazon Web Services (AWS) FinTech Africa Accelerator cohort. This cohort was selected from over 500 applications and is part of the EMEA Startup Loft Accelerator (SLA) program run by AWS. The pre-seed and seed stage fintech startups will start the 10-week program in June. Each startup will get technical review workshop sessions and up to $25K USD in AWS technical credits, world leading sector advice and one-to-one mentorship from major industry players including the Africa Fintech Summit (AFTS), Lendsqr and Vestbee to help them build their businesses. Africa’s fintech ecosystem is one of the fastest growing globally reaching $2B US...

African startup Ramani raises $32 million to help small businesses

27Nov

By Africa BusinessNo Comments

Startups

African startup Ramani raises $32 million to help small businesses

Ramani, the African software company building a cloud network of micro-distribution centers for Africa's $1 Trillion consumer-packaged goods supply chain, has announced this week the close of its $ 32 million series A round of equity & debt. The company plans to use the new funding to increase its distribution footprint across the continent and further develop its software platform. The round was led by renowned global technology investors Flexcap Ventures and revered founder/CEO of Infoscout, Jared Schreiber. Ramani also raised undisclosed seed funding in 2021 that included participation from Village Global, Goat Capital, Musha Ventures, Hustle Fund, Future Africa, Launch Africa Ventures, Raba capital, and renowned angel investor, James Beshara. Ramani was originally backed by Y comb...

9Dec

By Africa BusinessNo Comments

Startups

AUDA-NEPAD, JICA, Afreximbank & BCG Empower Accelerator Cohort Of Five Successful East African Healthcare Companies

This is off the back of the Home-Grown Solutions (HGS) Accelerator for Pandemic Resilience, an initiative that aims to accelerate the growth of African healthcare companies to strengthen the continent’s pandemic resilience The African Union Development Agency (AUDA-NEPAD), Japan International Cooperation Agency (JICA), African Export–Import Bank (Afreximbank) and Boston Consulting Group (BCG) held an event to congratulate 5 burgeoning start-ups who are shaping East Africa's healthcare sector and announce both a publication on healthcare entrepreneurship in Africa and the opening of applications for next year’s Accelerator cohort. H.E. Dr. Ibrahim Assane Mayaki said,” Infectious diseases remain a great threat to Africa’s aspiration to achieve its 2063 developmental blueprint: ‘‘Agenda 2...

HAVAÍC expects bumper year for African tech startups

18Feb

By Africa BusinessNo Comments

South Africa News, Startups

HAVAÍC expects bumper year for African tech startups

As one of South Africa’s most active Venture Capital investors, HAVAÍC says 2020 saw the commercial adoption of technology increase at unprecedented rates, as illustrated by the performance of HAVAÍC and its portfolio companies. 2020 saw HAVAÍC’s portfolio companies grow their revenue by a staggering 93%, and in the coming months, Ian Lessem, Managing Partner at HAVAÍC, believes the economic, social and commercial prospects for investing in the African technology sector looks promising, especially as the acceleration of technology adoption continues. According to the recent African Tech Startups Funding Report 2020, published by Disrupt Africa, the year produced a record for funding activity in the African tech startup ecosystem, owing to the increased number of active investors on the con...