African AI and blockchain startups are set to benefit from Modus Africa fund, an African –focused venture capital firm under the wings of New York-based venture platform, Modus. The fund is led by two General Partners – Vianney Mathonnet and Andre Jr. Ayotte, who are both veterans of the African startup ecosystem, with several years of experience in the continent.

Modus runs three outfits that seek to support entrepreneurs and startups in the MENA and GCC (Gulf Cooperation Council (GCC) countries through holistic funding opportunities. The businesses include Venture Builder, Corporate Innovation...

Ghana’s leading online media platform, GhanaWeb, and Age Africa Agency, the foremost YouTube agency with a Multi-Channel Network (MCN) in Africa, are co-sponsoring the second edition of the YouTube Creators Festival to be held from November 24 to 26, 2022, in Accra, Ghana.

The festival is an independent convention of all content creators across the country to engage, educate and inspire the global YouTube community. Representatives of GhanaWeb and Age Africa Agency would speak at the event as sponsors and...

The Telcables entity has been established to provide connectivity and digital solutions in Nigeria and West Africa.  The Telcables team will work with local network service providers, metro networks and operators to develop and deploy localised ICT solutions powered by the Angola Cables’ global network.  

Rui Faria, Commercial Director for Angola Cables said that the establishment of the Telcables entity is an important step in promoting agreements with metro and other network and data center providers in Nigeria to offer local solutions that have...

ThetaRay, a provider of AI-powered transaction monitoring technology, has announced that Zeepay, a fast-growing Ghanian mobile financial services company, has selected ThetaRay’s advanced SONAR SaaS anti-money laundering solution to detect financial crime for its remittance transactions.

The agreement with Zeepay highlights ThetaRay’s expansion in the African payments market. Remittances are an important method of bringing money into low-income countries and unbanked communities. However, they can also be used as a...

The company has unveiled four electric vehicles, which include two SUVs and two double-cabin pickups that will primarily be used for data collection and policy development. 

KenGen also says it plans to install over 30 EV charging stations across the country in 2023. The announcement comes just months after Kenya Power also announced plans start the construction of electric charging centres for electric vehicles in the country. The company advertised an Expression of Interest (EOI), inviting relevant partners to assist in the...

Nigerian money app Kuda, announced it is launching in the UK as part of a global expansion drive with a view to serving the cross-border transfer needs of UK-based Nigerians.

The company will charge a flat fee of £3 per transfer to a limit of £10,000. Kuda compares this to the average fee of 8% for remittances. Kuda said that over £3 billion ($3.4 billion) are sent from the UK to Nigeria every year, and that the new fixed-fee structure has the potential to save Nigerians living...

Stable Foods, a Kenyan agri-tech startup offering a host of solutions to small-scale farmers has raised $600k in funding. The startup’s services include an irrigation-as-a-Service package, where farmers pay a small fee to hire irrigation services. This package also includes inputs and regenerative agriculture practices.

The company also provides market and distribution channels to farmers as well as storage services, which helps to reduce wastage after harvest. “Stable Foods unlocks smallholders’ potential at scale to produce affordable food for a growing...

The African Union Commission (AUC) and the African Development Bank have signed a grant agreement to implement Phase 1 of the Upstream Project for Digital Market Development in Africa.

The signing ceremony took place on November 17 at AUC Headquarters in Addis Ababa, Ethiopia. The AUC Commissioner for Economic Development, Trade, Tourism, Industry and Minerals, Ambassador Albert M. Muchanga, and the African Development Bank’s Deputy Director General for the East Africa Region, Abul B. Kamara, signed the agreement on...

Leta, the supply chain and logistics startup driving distribution optimization, announced the close of  $3 million Pre-Seed equity round that includes participation from 4Di Capital, Chandaria Capital, Chui Ventures, PANI, Samurai Incubate and Verdant Frontiers Fintech.

The round also included participation from angel investors Ken Njoroge, Founder of Cellulant and Charles Murito, Google Regional Director, SSA, Government Affairs and Public Policy. Leta uses artificial intelligence to enable the efficient...

The U.S. Trade and Development Agency (USTDA) announced it has awarded a grant to Fly Zipline Ghana, for a feasibility study to expand healthcare access in Ghana and Nigeria using unmanned aerial vehicles.

The study will facilitate Zipline’s goal of expanding its logistics services to make healthcare more accessible and affordable. Enoh T. Ebong, Director, USTDA: ''Increasing access to healthcare is critical for West Africa. Our partnership with Zipline demonstrates the role that non-traditional models of...

Ramani, software company building a cloud network of micro-distribution centres for Africa's $1 Trillion consumer-packaged goods supply chain, has closed its $32million series A round of equity & debt.

The round was led by renowned global technology investors Flexcap Ventures and revered founder/CEO of Infoscout, Jared Schreiber. Ramani also raised an undisclosed seed funding in 2021 that included participation from Village Global, Goat Capital, Musha Ventures, Hustle Fund, Future...

Liquid C2, a business of Cassava Technologies, a pan-African technology group, opened the doors of its first Cyber Security Fusion Centre (CSFC) in Nairobi, Kenya, making this the second centre of its kind in Africa.

"Kenyan businesses have seen increased digital adoption, and the country's connected population in early 2021 was nearly 22 million. The increased number of digitally transformed businesses and individuals means that the target pool for malicious entities is also becoming wider. As a result, we...

Autochek, the automotive technology startup making car ownership more accessible and affordable across Africa, has announced the launch of Autochek Financial Services.

The new arm of the business will focus on providing a range of vehicle financing solutions for consumers and businesses across the continent. Autochek Financial Services will continue to support Autochek’s Marketplace platform, which partners with car dealers and other service providers to make it easier for consumers and businesses to finance their vehicles...

Copia Global, the B2C e-commerce platform providing e-commerce solutions for the rapidly growing 800 million middle to low-income African consumers, has announced a partnership with Cellulant a Pan-African Payments technology company to simplify payments for its diaspora and urban customers.

The partnership enables Copia's diaspora and urban customers to conveniently initiate transactions and purchases for their loved ones in rural areas in Kenya using the Cellulant network. This provides greater choice, affordability, and convenience...

The Kenya Revenue Authority (KRA) is seeking to introduce taxation on cryptocurrencies and digital wallets. Through the Capital Markets (Amendment) Bill, 2022, the tax collector aims to introduce income tax for digital currencies held for a period not exceeding twelve months and capital tax for those who have held digital currency for a period beyond twelve months.

This is the first time that the government is making an attempt at drawing revenue from more than 4 million Kenyans who hold cryptocurrencies. The Bill was sponsored in...

As most of the working world vacated their premises early in 2020, the cloud market boomed. And it continues to do so today, expanding at around 30% per quarter.

In fact, analysts estimate that half of all servers currently being shipped worldwide are being bought by just the top seven cloud providers. But as the market grows, so do the costs. Public cloud prices are expected to increase by a third in Europe next year as lending rates increase and energy prices soar. While it initially seemed like public cloud would become...

A new report from Africa’s foremost digital economy consultancy, TechCabal Insights has revealed that acquisitions have become more frequent in Africa’s tech ecosystem, showing signs of a maturing market.

According to the report, 2021 saw 32 acquisition deals on the continent. At the end of Q3 2022, there were about 43 acquisition deals, signaling a consolidation trend. After two years of continuous growth in VC investment, funding announcements have hit a plateau. Startups have resorted...

When: Wednesday, 30 November 2022

Time: 10.00 - 11.00 (GMT+3)

Location: Online 

Financial institutions are utilising Google Cloud for security, speed, reliability and scalability. This webinar is aimed at CTOs, CIOs, IT Managers & IT admins in the financial industry that are in need of scaling up their infrastructure through application mordernization. We will discuss on how...

When: Wednesday, 30 November 2022

Time: 15.00 - 16.00 (GMT+3)

Location: Online 

Ready to empower your teams to run projects and workflows with confidence? Join monday.com partner, Incentro for a free live webinar and uncover how to optimize your company’s processes and operations with monday.com Work OS and monday projects. Looking forward to seeing you there...

Jennifer Feaster is a Managing Partner at Age Africa, an agency that combines data and creativity to develop performance driven YouTube channels, with unique content optimized for success. The agency works with the next generation creators, brands, publishers and artists in Africa.

Jennifer is one of the speakers at The YouTube Creators Festival, a three-day convention that will bring all content creators across the region to engage, educate and inspire in the global YouTube community. The conference will be...

Ismail Akwei is the editor in chief at AfricaWeb, a company that democratizes news and information through its online news platforms in Sub-Saharan Africa including GhanaWeb.com, CamerounWeb.com, MyNigeria.com and TanzaniaWeb.com.

Ismail is among the speakers at The YouTube Creators Festival, a three-day convention that will bring all content creators across the region to engage, educate and inspire in the global YouTube community. The conference will be...

A combination of rapidly evolving technology and the restrictions imposed by the COVID -19 pandemic has resulted in what is nothing short of a revolution in the online money transfer sector in Cameroon. 

Globally, there have been drastic shifts in how people pay for goods and services, with electronic payments increasingly displacing traditional cash and more recently, cryptocurrency and digital currencies emerging in the market . As of 2020, internet penetration in Cameroon was at 30% from less than...

New technologies are reshaping the blood transfusion value chain to bring greater efficiency, traceability and consistency to this life-saving procedure.

Blood transfusions are commonly used to provide blood or blood components to a patient who has either lost blood due to an accident or suffer from a medical condition that affects their blood. Typically, blood is donated anonymously and then stored by hospitals or blood banks until needed. Due to the critical nature of the procedure, donated blood must be...

The global IT skills shortage is real and not going away. According to a May 2022 McKinsey report, an overwhelming majority of companies worldwide (87%) are aware that they either already have a skills gap or will have one within a few years.

Closer to home, horrifying unemployment figures and international research that shows skills shortages are among the most significant business risks facing South African organisations today.  It is clear more needs to be done to...

Across Ghana, online financial transactions have become increasingly popular as many Ghanaians have become connected digitally and are using mobile wallets and online banking services are a growing rate.

While the ease that digital payments offer is unparalleled, making transactions and receiving payments online has also come with the risk of cybercrime. According to data from The Cybercrime Unit of the Criminal Investigation Department (CID) of Ghana, Ghanaians lost over USD $19 million to...

The electronic commerce (e-Commerce) transaction of goods and services between business-to-consumer (B2C), business-to-business (B2B), consumer-to-consumer, and consumer-to-business, has become rampant in this digital age. Innovations in digital payments has transitioned the retail industry in Africa and across the world.

A recent report by Visa showed that the top market contributors to e-Commerce in Sub-Saharan Africa over the last 3 years were South Africa, Nigeria, and Kenya, with Ghana also showing growth, having replaced Kenya in the top three...