African startups Archives - Page 3 of 7

11 Disruptive Startups Selected for Cohort 3 of the Africa Startup Initiative Program (ASIP) Accelerator Program powered by Startupbootcamp Africa

23Jan

By Africa BusinessNo Comments

Senegal News, Startups

11 Disruptive Startups Selected for Cohort 3 of the Africa Startup Initiative Program (ASIP) Accelerator Program powered by Startupbootcamp Africa

Africa's leading tech Accelerator, Startupbootcamp AfriTech (www.Startupbootcamp.org), together with founding partner and leading telecom giant, Telecel Group (https://TelecelGroup.com) have selected the participants of the much-coveted Accelerator Program, the Africa Startup Initiative Program (ASIP) (https://ASIProgram.com). The intrinsic value of startups in Africa lies in their ability to build fast and effective solutions to pressing challenges. Over the years another key aspect has come to the fray; scaling across borders. The ASIP Accelerator has managed to help founders fine-tune their business models while also facilitating entry into new markets such as Senegal. This has been possible through a historic partnership with DER/FJ (https://DER.sn), which was established to adv...

Digital Africa’s “Talent 4 Startups” pilot program is a success!

1Dec

By Africa BusinessNo Comments

Startups

Digital Africa’s “Talent 4 Startups” pilot program is a success!

Digital Africa, in partnership with Make-IT in Africa, launched Talent 4 Startups in 2022. The program's objective is to improve the employability of African talent in startups through fully-funded trainings. The program was designed on the basis of a repository of skills and jobs required by startups on the continent, developed with Edtech Connections. The digital skills gap in Africa will reach 230 million jobs by 2030, yet only 690,000 professionals in the sector have been identified to date. More than 70% of African companies say they cannot find locally the skills they need to grow. In this context, it is becoming increasingly important to train tech talent and place them in jobs in order to accelerate the continent's digital transformation. Startups emphasize the need to strengthen ...

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...

The countdown for the 6th edition of EMERGING Valley has started!

23Nov

By Africa BusinessNo Comments

Startups

The countdown for the 6th edition of EMERGING Valley has started!

Find out the latest information about this inspiring Euro-African co-innovation programme. The 6th edition of EMERGING Valley – the international summit dedicated to African innovation – will be held on Tuesday November 29, 2022 in the majestic setting of the Palais du Pharo in Marseille. More than 2,000 participants, 150 startups and 50 investors from 70 countries are expected to attend both in person and online. Anyone can come to the event free of charge by simply signing up on the official EMERGING Valley website. You can participate either remotely or face-to-face (within the limits set to enhance the quality of networking and business exchanges). Founded in Marseille by Samir ABDELKRIM, author of “Startup Lions, at the heart of African Tech” and placed under the High Patronage of t...

African startups are weathering the storm with acquisitions and securing new funding

22Nov

By Africa BusinessNo Comments

Startups

African startups are weathering the storm with acquisitions and securing new funding

The TechCabal Insights report has shown that there has been an increase in the number of tech acquisitions in Africa, with a total of 43 deals by the end of Q3 2022. This indicates a consolidation trend and shows that the tech market is maturing. VC investment has hit a plateau in the last quarter, with startup companies resorting to cost-cutting measures and acquisitions in order to stay afloat. This is particularly apparent in markets where there is already significant competition among businesses. The percentage of startups acquiring another business in the same market has increased from 31% in Q2 to 52% in Q3 2022. The State of Tech in Africa Report compiled by TechCabal Insights, also found that the average seed ticket size remained stable at $2.5M in Q2 and $2.7M in Q3. A new narr...

The Global Startup Awards Africa is now open for applications for the 2022/23 season

9Nov

By Africa BusinessNo Comments

Startups

The Global Startup Awards Africa is now open for applications for the 2022/23 season

By the end of 2022, world leaders will be halfway towards the 2030 deadline of achieving the 17 Sustainable Development Goals (SDG) of ending poverty, fighting inequality, and stopping climate change. However, seven years on and countries across the globe are on track to accomplish almost none of them[i]. This is no different in Africa – a continent where 40% of all people continue to live in extreme poverty[ii], and where less than half of the African Union member states have experienced sustainable socio-economic growth since the early 2000s[iii]. To achieve the 2030 deadline, African leaders will need to quadruple their efforts and double down on investments into innovation and ingenuity[iv]. Answering this call, the Global Startup Awards (GSA) – in partnership with the Global Innovat...

26Sep

By Africa BusinessNo Comments

Medicine, Nigeria News, Startups

30 African Startups in Healthcare Supply Chains Selected for Support from Gates Foundation, MSD, WHO-AFRO and More

The i3 program is excited to announce the selection of 30 African startups that are leading the way in innovative health solutions. These startups come from 14 different countries and are working on novel solutions for device and medicine distribution, stock management and financing, authentication, traceability, medical waste management and more. 47% of the companies are women-led, and 30% of the companies are operating in Francophone Africa. Ann Allen, Senior Program Officer at the Bill & Melinda Gates Foundation, comments: "Digitally-enabled, locally-led innovations have huge potential to help address the challenges of access to medicines for historically unserved patients in Africa. We are thrilled to see strong women leaders at the helm of many of these startups, as we know innov...

21Sep

By Africa BusinessNo Comments

Business, Startups

The African Business Landscape: Evolving and Growing

The African business landscape is undergoing a transformational shift, with more businesses and startups in Africa than ever before. According to the latest research, there are now over 2,000 businesses and startups in Africa that have received investment from venture capitalists. This is a significant increase from just a few years ago, when there were only a handful of African businesses that had attracted investment from VCs. The rise in VC investment in Africa is being driven by a number of factors, including the increasing global interest in Africa as an investment destination, the growth of the African consumer market, and the rise of African entrepreneurship. There are many reasons why VCs are increasingly investing in Africa, but the most important reason is the continent's enor...

2 Ethiopian startups are in the running for TAW (Tech African Women) prize

20Sep

By Africa BusinessNo Comments

Ethiopia News, Startups

2 Ethiopian startups are in the running for TAW (Tech African Women) prize

The TAW (Tech African Women) program, launched by the UNECA (United Nations Economic Commission for Africa) in partnership with Betacube, closed its 3-day Ethiopian bootcamp on September 9th, 2022. The event was organized in partnership with AdoreAddis and the two Ethiopian winning startups were each awarded the program's participation prize of $2,000. The selection process was based on the market potential of each startup idea and was made after a pitching competition in front of a local jury panel representing different actors in the ecosystem. The focus on social impact and women entrepreneurs makes this an important initiative that is sure to have a positive effect on the development of Africa as a whole. The goal of this bootcamp was to provide young entrepreneurs with the tools the...

Tanzanian startups nominated for TAW final in Ethiopia

15Sep

By Africa BusinessNo Comments

Ethiopia News, Startups, Tanzania News

Tanzanian startups nominated for TAW final in Ethiopia

The TAW (Tech African Women) program, launched by the UNECA (United Nations Economic Commission for Africa) in partnership with Betacube, closed its 3-day Tanzanian bootcamp on the 31st of August 2022. The two Tanzanian winning startups were awarded the program's participation prize, with $2,000 for the first winner Ujana. The selection was based on the market potential of each startup idea and was made after a pitching competition in front of a local jury panel representing different actors in the ecosystem. During this closing day of the Tanzanian bootcamp, an award ceremony was organized for the candidates. The two nominees were Ujana, an E-commerce platform for Sexual-Reproductive health supplies (1st prize) and Plate AI (2nd prize), a food app that recommends thousands of healthy foo...