Ghana Ranks 96th In The World in Digital Quality of Life – Surfshark Report
Surfshark’s 5th annual Digital Quality of Life Index (DQL) ranks Ghana 96th in the world, dropping by eight places from last year. Details Out of the Index’s 5 pillars, Ghana performed best in e-security, claiming 83rd place, while facing challenges in e-infrastructure, ranking 108th. The nation ranks 86th in internet quality, 89th in e-government, and […]
Mwale Medical and Technology City Wants To Set Up A Medical City In Ghana
Mwale Medical and Technology City (MMTC) is making plans to set up a base in Ghana as it expands its wings across Africa. The news came after the MMTC team met with Ghana’s Nana Akufo-Addo of Ghana during the United Nations General Assembly (UNGA) in New York. What They’re Saying “Among the heads of State […]
Orange DRC & Airtel Congo RDC Have Laid 2Africa Submarine Cable in Democratic Republic of Congo
Meta (formerly Facebook) and the 2Africa consortium – made up of telecom operators China Mobile International, Bayobab (formerly MTN Global Connect), Orange, center3 (formerly stc), Telecom Egypt, Vodafone, and WIOCC – has laid the 2Africa cable in the Democratic Republic of Congo, off Muanda in the Kongo-Central province. 2Africa will be the world’s largest submarine cable […]
Microsoft-backed FAST Accelerator Announces 12 African Startups Selected for Artificial Intelligence (AI) Program
Flapmax, a leading data, and AI technology company, announced today the twelve companies selected for the second cohort of the FAST Accelerator startup program, created in partnership with Microsoft to help strengthen and scale Africa’s digital ecosystem. Following the conclusion of its 2-week Online Bootcamp, which saw 60+ tech companies participate in intensive online training […]
ROAM Launches New Electric Shuttle Bus Built Entirely in Kenya
Kenyan electric mobility company ROAM has launched a new all-electric shuttle bus called the Move, which is assembled entirely in Kenya. Details In August 2022, ROAM celebrated the official launch of its first all-electric mass transit bus, the Rapid. It featured priority seats for elders and people with limited mobility, extended legroom, and designated areas for wheelchairs, in […]
EBANX Expands Operations To Eight More African Countries Including Ghana and Senegal
EBANX, a global technology company specializing in payments for rising markets, announced during the seventh edition of its Payments Summit, held from September 18th to 20th in São Paulo, Brazil, the expansion of its operations to eight more countries on the African continent. This strategic expansion follows EBANX’s successful entry into the African market in […]
Ghana’s Youth Robotics Team Prepares For STEM Competition In Singapore
Ghana’s youth robotics team is preparing to compete in Singapore on October 7-10th, 2023, at FIRST Global, an annual Olympic-style international robotics competition that brings together youth from all around the world to share their passion for STEM. The competition will be held at the Singapore EXPO and will highlight the role of hydrogen in […]
Ghana Lands Commission To Sign $85 Million Contract With Private Investor To Improve Its Services
The Ghana Lands Commission has signed a contract with a Ghanaian-owned private investor who will inject $85 million into the Commission’s operations. The contract agreement is expected to be signed between the Lands Commission and PDB Ghana Limited, a wholly-owned Ghanaian Land Administration Company, by the end of 2023. Details The contract will span a […]
Fintech PayDay Is Reportedly Looking For Potential Buyers
According to a report by TechCabal, Nigerian fintech Payday is actively looking for buyers for the company. The company which raised $3 million in a seed round six months ago is entertaining conversations with potential buyers. Reports Of Acquisition By Moniepoint Moniepoint had reportedly looked into full acquisition of Payday when the company led PayDay’s […]
Lupiya Raises $8.25 Million In Series A Round to Grow Neobanking Business in Africa
Zambian neobank Lupiya has successfully secured $8.25 million in Series A funding to scale operations in its home market and in new ones. Its US$8.25 million Series A round was led by Alitheia IDF Fund, with substantial participation from INOKS Capital SA and the German Investment Bank KfW DEG. The funding will be channeled into […]
Complete Farmer Raises $10.4 Million In Pre-Series A Round
Complete Farmer, an end-to-end agricultural marketplace, has raised $10.4 million ($7 million equity and $3.4 million debt) in a pre-Series A funding round to consolidate its efforts in the agricultural space. The equity part of the funding round was co-led by The Acumen Resilient Agriculture Fund (ARAF) and Alitheia Capital (via its uMunthu II Fund in partnership […]
Turaco Acquires MicroEnsure Ghana to Deepen Affordable Insurance Coverage across Africa
Turaco, an African tech-enabled affordable insurance company, acquired MicroEnsure Ghana, a microinsurance company, from MIC Global. The amount of the deal was not disclosed. MicroEnsure will rebrand as Turaco Ghana and retain the expertise of the existing team and leadership. Details The expansion increases Turaco’s operational markets to four–Kenya, Uganda, Nigeria, and Ghana–and active policies by 25%, […]
Uber and Enterprise Group Partner To Provide Comprehensive Insurance Packages for Uber Drivers in Ghana
Uber Ghana has announced an agreement with Enterprise Group PLC & its subsidiaries in the General Insurance, Life Insurance, Health Insurance, and Funeral services business, for the rollout of a unique bundled insurance package for a segment of Uber drivers. The product has been bundled together to offer insurance cover for the vehicle as well […]
ANKA Raises $5M Funding in Pre-Series A Extension
ANKA, the “all-in-one SaaS for global African businesses”, has announced the closure of a US$5M pre-Series A extension round led by the International Finance Corporation (IFC) with participation from Proparco and the French Public Investment Bank. The new round of funding brings the company’s total investment to date to US$13.5M since being founded in 2016 as ANKA fuels its efforts […]
Société Générale Ghana’s Q3 Catalyst Series to Educate SMEs In Ghana
Société Générale Ghana Home of Business holds Quarter 3 Catalyst Series on Thursday, September 14, to educate Small and Medium Enterprises about risk resilience. The Catalyst Series is an initiative of Société Générale Home of Business that provides a capacity-building platform for MSMEs by training, mentoring, and coaching them on various pertinent subjects. The project […]
29 African Healthcare Supply Chain Startups Selected to Receive Funding From Gates Foundation
Investing in Innovation Africa (i3), a pan-African initiative for startups building the future of healthcare supply chains has announced its second cohort of 29 companies. Details Funded by the Bill & Melinda Gates Foundation and sponsored by Cencora (formerly AmerisourceBergen), Merck Sharpe & Dohme (MSD), Microsoft, and Chemonics, i3 is dedicated to facilitating the commercialization of promising […]
Sendwave Launches New Banking Product Targeting Kenyans In The US
Sendwave, a digital remittance company, has launched a new banking product that allows users to earn interest and pay reduced fees on international remittances. Details The new product dubbed Sendwave Pay was recently launched by the company. The new solution provides existing Sendwave users access to an FDIC-insured bank account with an accompanying debit card. […]
inDrive Rolls Out Its Ride-Hailing Service in Bulawayo, Zimbabwe
inDrive has rolled out its services to the city of Bulawayo, Zimbabwe after successfully introducing its service in the capital of Harare. Bulawayo joins Harare in the list, making Zimbabwe the eighth African country to experience the inDrive’s platform. About inDrive inDrive’s standout feature is its dynamic pricing model that places the power in the […]
All Ghana’s Anti-Galamsey Drone Fleet Are Reportedly Inoperative
In 2017, the Ministry of Lands and Natural Resources purchased drones for surveillance to fight against illegal mining, also known as galamsey, in Ghana. According to reports, the Ministry purchased the drones for an amount of $3 million. Details The drones were part of the government’s grand strategy to effectively clamp down on illegal miners […]
Liberia Might Sign Away 10% Of Its Land Mass To UAE Firm In Carbon Offset Deal
According to reports, Liberia is set to hand over control of nearly 10% of its total land mass to a United Arab Emirates-based firm in a massive million-hectare carbon credit deal. Details According to a leaked draft of the contract, the deal could override the customary land rights of communities living in vast swaths of […]
Uganda Agritech Startup Emata Raises $2.4 Million Seed Funding
Ugandan agritech startup Emata has raised $2.4 million in seed funding comprising $800,000 in equity and $1.6 million in on-lending capital. Details The fundraising was backed by African Renaissance Partners – the VC firm investing in entrepreneurs in East Africa and the Horn of Africa; Norrsken Accelerator – an investment arm of Europe’s largest impact […]
Nine Ventures Announced for the Africa Money and DeFi Summit Investment Showcase
The Africa Money and DeFi Summit has announced nine ventures selected to showcase their cutting-edge Web3, Blockchain, Fintech, and Decentralised Finance (DeFi) businesses to investors and industry leaders, live on stage, in Accra, Ghana on October 3rd and 4th. With a focus on forging connections and bridging the gap between African ventures, corporates and global […]
Mecho Autotech Raises $2.4 Million Pre-Series A
Mecho Autotech (“Mecho”), a Nigerian company providing quality automotive spare parts and vehicle repairs and maintenance services, announced today that it closed a $2.4 million pre-Series A investment round. Global Brain Corporation, Ventures Platform, and Uncovered Fund participated in the funding. Details Mecho will use the capital to launch a B2B distribution platform for aftermarket […]
Tech Connect Africa Has Rebranded to BeTechConnected
Tech Connect Africa has announced a rebrand in their company identity to BeTechConnected. The decision to rebrand stems from their commitment to evolving with the ever-changing landscape of our industry and ensuring their continued relevance and growth. Their mission is promoting the Future of Work and prioritising connecting job-ready talents to the global tech community […]
Africa Super App ayoba Passes 30 Million Monthly Active Users Milestone
African super app ayoba has reached a new milestone – surpassing 30 million monthly active users (MAU). ayoba is highly popular in regions including Nigeria, Ghana, and Cote d’Ivoire and has successfully broadened its user base into new markets, such as Kenya and Tanzania, contributing to its rapid growth since passing the 25M MAU mark […]
Sudhir Juggernath Appointed as CEO of TelCables Southern Africa
International ICT solutions provider and Africa’s most connected network operator, Angola Cables has announced the appointment of Sudhir Juggernath as CEO of TelCables South Africa and will be responsible for the development and expansion of TelCables operations within the Southern and East African regions. About Sudhir Juggernath Sudhir has held senior strategic positions within the Southern […]
MTN Nigeria Acquires Additional 2.6GHz Spectrum to Improve Network Capacity and Customer Experience
MTN Nigeria has announced that the Nigerian Communications Commission (NCC) has approved the transfer and assignment of the 10MHz frequency division duplex (FDD) in the 2.6GHz spectrum band from OpenSkys Services Limited to MTN Nigeria. Why This Matters The effective date for the license is 7 September 2023, and it is due for renewal on […]
FuturizeU and AstraZeneca Launch Incubator to Nurture Early-Stage Health Startups in Africa
Futurize and AstraZeneca officially announced the launch of Futurize’s new HealthTech incubator program, FuturizeU. In collaboration with AstraZeneca, through the A.Catalyst Network, and co-funded by Bristol Myers Squibb, the program will run from September 12 to November 17, 2023. Details The program aims to cultivate groundbreaking solutions that address critical healthcare equity and early non-communicable disease (NCD) diagnosis challenges across the […]
Yellow Card and MoonPay Partner to Enhance Crypto Accessibility in Nigeria
Yellow Card, an African fintech company, has partnered with MoonPay, a global leader in the cryptocurrency ecosystem to expand cryptocurrency accessibility in Nigeria. This strategic partnership aims to streamline and enhance the crypto purchasing experience for Nigerians by leveraging local bank transfers. Details The integration between Yellow Card and MoonPay will enable Nigerians to engage […]
Walmart To Increase Online Efforts In South African Market
According to the Wall Street Journal, US retailer Walmart is reportedly increasing its online efforts in South Africa retailer Massmart. Details A decade ago, Walmart acquired a controlling stake in Massmart to capitalize on Africa’s rapidly growing consumer market. Its investments haven’t yet paid off due to challenges including the commodities crash in 2014 and the recent pandemic restrictions. […]
