african tech 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 ...

PRE-SEED INVESTMENT PROGRAM MADICA ANNOUNCES FIRST SET OF AFRICAN TECH PORTFOLIO COMPANIES

24Apr

By Africa BusinessNo Comments

Startups, Tech

PRE-SEED INVESTMENT PROGRAM MADICA ANNOUNCES FIRST SET OF AFRICAN TECH PORTFOLIO COMPANIES

Pan-African Program Adds New Hires, Kicks Off Founder Immersion Networking Trips, Ecosystem Collaboration Madica, a structured investment program designed for pre-seed stage startups in Africa, announced its first set of investments in three startups today. In line with Madica’s mandate, each startup has received an investment of up to $200,000 and is now a part of Madica’s comprehensive investment program which includes 18 months of dedicated company-building support tailored to the unique needs of each startup. Madica delivers its support through a highly personalized curriculum, hands-on mentorship, invitations to fully-funded week-long founder immersion trips, executive coaching opportunities, and access to madica’s global network of investors for follow-on funding - all designed to s...

TLcom Closes Africa’s Largest Early-Stage VC Fund at $154 Million

22Apr

By Africa BusinessNo Comments

Business, Startups

TLcom Closes Africa’s Largest Early-Stage VC Fund at $154 Million

Africa’s Leading Early-Stage VC Surpasses Target for Its Second Fund, TIDE Africa II, Focused on Seed & Series A Companies Today, TLcom Capital, the Africa-focused venture capital firm, announced the final close of TIDE Africa Fund II, its second fund for technology in Africa, at $154 million. Confirming TLcom Capital’s status as Africa’s largest Seed and Series A investor, the new fund accelerates the firm’s mission to partner with elite founders to tackle Africa’s biggest and most complex challenges with innovative solutions that will unlock massive value in the continent’s critical sectors. At more than twice the size of TLcom Capital’s first fund, TIDE Africa Fund II is oversubscribed and sees participation from several new, high-profile LPs alongside returning LPs from the firm’...

24Oct

By Africa BusinessNo Comments

South Africa News, Startups

Potential Market Impact Evident in Success of Tech Startups

Celebrating the Winners and Encouraging Growth: Insights from the Technology Innovation Agency's Pitching Competition at the SA Innovation Summit The Technology Innovation Agency (TIA) hosted an exciting pitching competition during the SA Innovation Summit from September 26th to 28th. The winners were commended for their impressive accomplishments, but TIA Acting Executive for Innovation Enabling, Vusi Skosana, reminded everyone that even those who didn't win have still achieved something invaluable. He emphasized that failure is not the end, but another chance to learn and grow. Skosana encouraged all participants to treasure their experiences, as they will undoubtedly contribute to future success. Skosana's inspiring message was inspired by the City of Cape Town's call to action,...

Irish Embassy and Tshimologong Digital Innovation Precinct collaborate to seek tech startups for Irish Tech Challenge South Africa 2023

4Sep

By Africa BusinessNo Comments

Startups

Irish Embassy and Tshimologong Digital Innovation Precinct collaborate to seek tech startups for Irish Tech Challenge South Africa 2023

Five innovators to secure €10,000 each 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 has opened applications to local technopreneurs to enter the Irish Tech Challenge South Africa 2023. This initiative aims to forge mutually beneficial partnerships between South African entrepreneurs and Irish technology expertise, harnessing Ireland’s position as a global high-tech hub. The Irish Tech Challenge 2023 seeks to find the most compelling South African-owned, growth-stage tech startups whose work aligns with the United Nations’ Sustainable Development Goals...

African Tech Leaders and Investors to Convene at Africa Tech Summit London

4May

By Africa BusinessNo Comments

Events, Tech

African Tech Leaders and Investors to Convene at Africa Tech Summit London

Africa Tech Summit (ATS) London, the leading tech conference that drives business and investment across the continent, will host the seventh London edition on June 23rd live at the London Stock Exchange. Following a sold-out edition in 2022, the Summit will connect 300 industry leaders from across Africa with international investors, corporates, and ventures to do business. African tech start-ups raised $1.3bn (including exits) in the first quarter of 2023, representing a 29% Year-on-Year (YoY) decrease and a 52% decline (excluding exits) according to The Big Deal Report 2023 and underscoring the headwinds facing the ecosystem. Africa Tech Summit consistently connects leading African tech ventures with global investors, with this year’s Venture Track featuring an Investment Showcase, al...

14 start-ups announced to Pitch Live at Africa Tech Summit 2023

30Jan

By Africa BusinessNo Comments

Events, Startups

14 start-ups announced to Pitch Live at Africa Tech Summit 2023

Africa Tech Summit has announced the final shortlist of ventures who will Pitch Live on stage to investors, corporate and media at the Africa Tech Summit in Nairobi from 15th to 16th February. More than 250 entries from 20+ African countries, including Kenya, Tanzania, Ghana, Zambia, Mali, South Africa, and Benin, were submitted. Pitch Live is kindly supported by Enza Capital, Paystack, Raise and Carnegie Mellon University Africa (CMUA). The 14 finalists below represent five countries from diverse sectors such as fintech, agritech, health tech, and enterprise. Aiponics, Inc (Zambia) designed Hrvst, a digital marketplace, to fight food insecurity in Africa by tackling deficiencies in the food market on the supply and demand side. FreshSource (Egypt) is leveraging technology and data t...

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...

9Dec

By Africa BusinessNo Comments

Startups

Startup Support and Access to Markets Essential for Further Investment in African Innovation

Applications Now Open for the Telecel ASIP Accelerator, powered by Startupbootcamp AfriTech Over the course of 2021, African tech startups raised $4.42 billion in funding[1] - almost double the record-breaking $2.4 billion raised in the previous year[2]. “With investment in African innovation increasing, so too has the demand for hands-on support and access to markets from startups,” says Eleanor Azar, Telecel Group Executive Deputy and Director of the Telecel Group Africa Startup Initiative Program (ASIP). To scout, skill and scale the next generation of early-stage African tech startups, the Telecel ASIP Accelerator Program, powered by Startupbootcamp (SBC) AfriTech has opened applications for its next cohort. ASIP Accelerator is seeking the most impactful ‘African solutions for Afric...

9Dec

By Africa BusinessNo Comments

Startups, Tech

Adanian Labs Launches Venture Building Program Call For Tech Startups For 2022 January Cohort

Adanian Labs has launched the Adanian Labs Venture Building Program call for startups for 2022. The program invites applications from tech entrepreneurs for the 2022 cohort of exceptional startups to join Adanian Labs in Kenya, Tanzania, Zambia, Nigeria and South Africa. Since its establishment in 2020, Adanian Labs has incubated fourteen (14) groundbreaking tech startups across sectors; have established a first in Africa partnership with Emurgo Africa, a vehicle of EMURGO, the commercial arm of Cardano and have raised seed funding for 4 of its existing startups. Some of these notable startups include: - Afya Rekod - a consumer driven digital health data platform - Phema Agri - an agriculture crowdfunding platform - Paylend - an SME credit lending solution and others such as Twaa, eCob...