Nigerian maritime logistics startup MVXchange has closed a pre-seed funding round worth $100,000 in order to scale its technology and acquire more enterprise customers. MVXchange is a B2B tech-driven maritime platform that matches vessel charter requests with available Offshore Support Vessels (OSVs), focused on empowering users to conveniently charter vessels while reducing man-hours, saving cost […]
Read MoreEnterprise artificial intelligence (AI) startup InstaDeep has raised US$7 million in Series A funding from AfricInvest and Endeavor Capital to expand AI opportunities in Africa. Founded in Tunisia in 2014 but now headquartered in London having gone global, InstaDeep delivers AI products and solutions for the enterprise sector, and also has offices in Paris, Tunis, […]
Read MoreNigerian e-health startup LifeBank has launched Blood and Oxygen Access Trust (BOAT), a N100 million fund aimed at democratising access to blood and oxygen by providing these essential medical products to poor and vulnerable Nigerians at no cost. Founded in 2016, the Lagos-based LifeBank offers an online platform that connects hospitals with blood banks, and […]
Read MoreNigerian micro-investing startup Trove has raised an undisclosed amount of funding from Ventures Platform as it looks to get more people investing in financial securities. Trove, whose simple micro-investing app is now in private beta here, allows users to invest in financial securities such as stocks and government bonds in Nigeria and in international markets […]
Read MoreCape Town-based artificial intelligence (AI) firm Cortex Group has introduced what it calls “Africa’s first AI-focused venture capital (VC) company”, aimed at supporting African start-ups. Cortex Group is the holding company for AI software and solutions firm Cortex Logic. The group consists of six divisions, each focusing on key parts of the AI ecosystem: asset […]
Read MoreEast Africa is expected to remain the strongest growing region in the Fintech industry with a 6.3% economic expansion this year while Ethiopia, Rwanda, Tanzania and Uganda are all expected to record real GDP growth above 6% this year, largely due to infrastructure investment and the expansion of financial and telecoms services. According to the […]
Read MoreThe Enhancing Financial Innovation and Access (EFInA) initiative has awarded grants of between $50,000 and US$500,000 to six Nigerian fintech startups. EFInA, a financial sector development organisation, funded by the UK Government’s Department for International Development (DFID) and the Bill & Melinda Gates Foundation, promotes financial inclusion in Nigeria. Having opened applications for startups to […]
Read MoreThe Nigerian government has launched the Premier Hub programme in the South-West region, designed to help young people turn innovative ideas into sustainable solutions. The Premier Hub Innovation Centre, located in Ondo state, aims to create an enabling environment for young people, providing them with training, incubation and acceleration programmes. “Our aim is to impact […]
Read MoreNigerian e-health startup iDHS is seeking funding to help it succeed in its goal of increasing access to various healthcare services across a host of African countries. Launched in 2016, iDHS has rolled out HealthWise, an integrated digital healthcare platform that is feature-rich and interactive, and helps people manage their health. The web-based app aims […]
Read MoreGoogle has opened applications for the 2019 edition of the Google Africa Certifications Scholarships. The programme, according to Google, is part of its continued effort to provide digital skills training, education, economic opportunity and support to African start-ups and developers. In line with its commitment to provide mobile developer training to 100 000 Africans, the […]
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