African startups Archives - AfricaBusiness.com

19Nov

By Africa BusinessNo Comments

Nigeria News

TLP Advisory Celebrates 10 Years with New Report on Nigeria’s Startup Ecosystem

The report identifies talent shortages, funding challenges, and regulatory barriers as key obstacles, emphasizing the importance of strategic partnerships and policy advocacy. 51% of surveyed startups struggle to secure funding, with angel investors playing a vital role. 30% of founders cite regulatory issues as significant barriers, urging stronger policy engagement. One-third of startups rely on strategic partnerships, underscoring collaboration as a critical factor for resilience. TLP Advisory, the venture law firm headquartered in Lagos, with offices in London and New York marks ten years of operation with the launch of a new report, “A Decade of the Nigerian Venture Ecosystem: Numbers, Insights & Stories.” The report provides a comprehensive analysis of Nigeria's ...

31Oct

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Startups

EMERGING Valley Returns in 2024 to Connect Investors and Startups Between Europe and Africa

Aix-Marseille-Provence, elected European Capital of Innovation, will host the 8th edition of the EMERGING Valley summit on December 3, 2024. Under the High Patronage of President Emmanuel Macron, this event will take place in Marseille and at thecamp, a futuristic venue designed to foster collaboration and innovation. Historically supported by the Aix-Marseille-Provence Metropolis, the Euroméditerranée Public Development Agency, the Departmental Council of Bouches-du-Rhône, and the City of Marseille—founding partners since its inception—EMERGING Valley acts as a catalyst for digital innovations and strategic investments. Its goal is to position the Aix-Marseille-Provence region as the hub for impactful innovation and tech startups between Europe, the Mediterranean, and Africa. The su...

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...

17Sep

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Africa Travel, Interview, Kenya News, Main, Startups, Zimbabwe News

The Challenges and Prospects of Passport-Free Travel in Africa Using Biometrics

Willys Mac'Olale , Director of Fragomen Kenya An interview with Willys Mac’Olale, Director of Fragomen Kenya, on the innovative opportunities and barriers in using biometrics, particularly facial recognition, for passport-free travel. African countries must make an innovative leap to reach a new level of development that will improve the lives of people in Africa. What are the main drivers behind the shift to passport less travel and facial recognition in countries like the US, UAE and Europe? There are a number of reasons for this adoption including; Enhnaced security – The fact that passport less travel typically relies on biometric data which is more secure and harder to forge than traditional passports reduces the risk of identity theft and fraud. Streamlining Tr...

5Aug

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Startups

The Top Seven selected start-ups for the Irish Tech Challenge

Innovative entrepreneurs advance with €10,000 in funding and a curated networking tour to Ireland The Embassy of Ireland in South Africa, in partnership with Wits University’s Tshimologong Digital Innovation Precinct, the Department of Science and Innovation (DSI), the Technology Innovation Agency (TIA) and Dogpatch Labs Ireland are delighted to announce the selection of seven tech start-ups for the prestigious Irish Tech Challenge South Africa 2024. Now in its third successive year, the collaboration aims to forge mutually beneficial partnerships between South African entrepreneurs and Irish technology expertise, leveraging Ireland’s global tech hub status. This year’s Challenge saw more than 350 entries from South African-owned, growth-stage tech start-ups focused on fulfilling ...

30Jul

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Nigeria News, Startups

24 health supply chain innovators are now emerging as market leaders across Africa, reaching 50,000 healthcare providers across 33 countries

After years of building, leading healthcare supply chain innovations in Africa now appear to be on the cusp of more substantive impact Healthcare consulting firm Salient Advisory has launched its latest market intelligence report, focusing on 24 leading Africa-focused supply chain innovators which appear to be on the cusp of more substantive impact. Funded by the Gates Foundation, the report titled “Leading Innovations Enabling Health Product Access in Africa'', finds that, amid difficult macroeconomic realities and dwindling investment in African technology ecosystems, a select number of African health innovators are emerging as leaders. Having operated for 10 years on average, the 24 leading innovators collectively now partner with 100+ manufacturers and 75 public health institutions, ...

16Jul

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South Africa News, Startups

Africas #1 Web3 startup, Momint, secures $50,000 grant from DFINITY Foundation: local startup positions itself for further global expansion

Momint, Africa’s leading Web3 platform based in South Africa, has secured a $50,000 grant from the DFINITY Foundation, a Swiss non-profit organization known for having the largest blockchain R&D team globally. The grant was obtained through the Internet Computer Protocol (ICP) Hub of Southern Africa, also known as Mzansi Web3 (MW3), which is funded by DFINITY. Momint will use the grant to integrate the ICP blockchain towards enhancing its business operations. This strategic move aims to solidify Momint’s global expansion efforts, positioning the local startup to gain, retain, and expand its market share in today’s highly competitive international digital economy. MW3 was established as the ICP hub in Southern Africa to offer the region a purposeful gateway to the world of decentraliz...

22Jun

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Ethiopia News, Startups

Ethiopia Builds Wealth for Tomorrow with Startups as the Universal Engines in the Growth and Development of Governments and Countries

Addis Ababa, Ethiopia: As the host nation of the Global Startup Awards Africa, Ethiopia launched the inaugural national Ethiopian Startup Awards on 3rd June 2024 at the Entrepreneurship Development Institute (EDI). This follows the success of the Global Startup Awards Africa Summit held in October 2023 in Addis Ababa and forms an integral part of the national agenda to prioritise innovation and entrepreneurship for the next 10 years of implementing the country’s prosperity roadmap. This year's Global Startup Awards Africa 2024 competition garnered 11,900 entries from across Africa, with Ethiopia contributing 24% of the Eastern region's entries. Notably, Ethiopian startups showcased remarkable growth in participating in the awards with a 400% growth in applications since 2023, underscori...

12 African Startups draw full house as Techstars hosts Demo Day in Lagos

25Feb

By Africa BusinessNo Comments

Nigeria News, Startups

12 African Startups draw full house as Techstars hosts Demo Day in Lagos

Event unveils category-defining innovations across Africa Techstars, the most active startup investor in Africa, held its second pan-African Demo Day in partnership with Lagos-based innovation program, ARM Labs. The ARM Labs Lagos Techstars Accelerator Demo Day was held on 20th February at Balmoral Convention Center, Federal Palace Hotel, Lagos. The event featured presentations from Techstars’ stellar second cohort from across the continent, marking the end of an immersive three-month accelerator program. The startups presented to Techstars' vast network of investors, mentors, senior operators, and ecosystem leaders, unveiling achievements and future plans whilst vying for strategic partnerships and commercial collaboration. In addition to the startups’ presentations, the event feature...

Ilara Health Secures $4.2M Pre-Series A to Digitise Fragmented Primary Healthcare in Africa

12Feb

By Africa BusinessNo Comments

Business, Medicine, Startups

Ilara Health Secures $4.2M Pre-Series A to Digitise Fragmented Primary Healthcare in Africa

Kenya-based start-up to scale investment in thousands of Primary care clinics through new technology and enhanced business model Ilara Health, the healthtech company digitising and consolidating highly fragmented primary care in Kenya, has today announced the close of a $4.2M pre-series A round of equity and debt. Led by DOB Equity, the round also sees follow-on equity investment from AAIC INVESTMENT, Angaza Capital, Black Pearl Investments, Perivoli Innovations, as well as debt investment from Alphamundi and Kiva Capital. New to the round are Philips Foundation and Boehringer Ingelheim. The new partners are strategic healthcare investors that bring their deep experience working with and investing in companies in the global healthcare industry. Ilara Health will use the latest capital ...