Category: Africa

AfricaArena Announces The 2018 World Tour To Introduce Top Startup Talent To Global Investors

Wesgro & Silicon Cape have announced that they will be hosting the AfricArena 2018 International Africa Tech Conference in Cape Town on the 15th & 16th of November for a consecutive year. In addition to hosting the prestigious tech conference, the duo will include the 2017 conference winners to their Investor “World Tour”. The key themes for this […]

Cameroon’s Songhai Labs seals AI partnership with Project Datareach To Battle Out Non-Communicable Diseases

Healthcare professionals in Cameroon are set to reinforce their fight against non-communicable diseases in the West African country with artificial intelligence, after Songhai Labs signed a partnership agreement with Project Datareach. The partnership will see the AI project being launched in HSPC polyclinic located in Kumba, Southwest Cameroon. Project Datareach was launched by Vikash Singh in 2015 and […]

Swvl Nabs USD 8 Mn In Series A Round Of Funding – The Largest For Any Tech Start Up In Egypt

This stands to be the largest round of funding for any tech start up in Egypt as per Mostafa Kandil, who, along with Ahmed Sabbah and Mahmoud Nouh co-founded the transport tech company – Swvl. It has secured USD 8 Mn in its Series A round of funding led by BECO Capital, Silicon Badia and DiGAME. Other participants included Raed Ventures, […]

Carving Its Niche In The Uber Dominated Market, Maramoja’s Socially Powered Taxi App Gets Fuelled By Singaporean Accelerator Zeroth

Competing with deep-pocketed competitors by leveraging social networks, Kenya’s UTU, the company that runs Maramoja, a trust-based taxi hailing app, has been chosen to participate in in Zeroth’s global accelerator programme. The startup has also raised an undisclosed amount of financing from Zeroth and its Venture Partners. Maramoja’s niche lies in the fact that when one […]

With Trash Bins As Last Resort For Fresh Food, SA’s JustNow Is Helping Retailers Combat Their Wastage Problems

In 2009, according to Champions 12.3, approximately one-third of all food produced in the world was lost or wasted. Sound like a business opportunity? JustNow has taken it upon itself to address what is a global epidemic, with a South African context. Food waste costs South African retailers USD 1.7 bn annually and JustNow has […]

Intercity-Bus Booking Startup Impressed Investors In 30 Seconds, Landed USD 217 K Funding

Morocco-based bus booking platform has landed USD 217 K from an international private equity group. The investment will be used to accelerate growth in Morocco as well as to expand the company footprint to other African countries with major gaps in their transport networks, thus rendering scope for improvement. As of now, the startup is […]

South Africa’s EdTech Startup SkillUp Tutors Secures Investment From Knife Capital

Cape Town-based startup SkillUp Tutors, an online education marketplace, has secured Series A funding round from Knife Capital. The investment size remains undisclosed in the press release. The EdTech startup connects parents and students to skilled and vetted tutors based on grades, subject, location, and budget.   Launched in 2016, SkillUp has been angel-funded to […]

Using Psychometry In Its Loan Disbursement Process, Nigeria’s P2P Lender KiaKia Is Bringing Down The Loan Default Rate

Between banks and their customers is a tale of unfulfillment. The gap is because, banks are the natural place for people, mainly medium and small-scale businesses to seek credit or loans, and many have had their fingers burnt.  Either due to unfavorable interest rates and other loan conditions or other policies that reflect poor credit […]

Egypt’s Shezlong Has Secured USD 350 K From 500 Startups, Endure Capital And HIMangel

Cairo’s mental health startup Shezlong has raised USD 350 K in a bridge round from 500 Startups, Endure Capital and HIMangel. The startup plans to utilize the funds to expand its services to other countries in the Gulf region. With this round, Shezlong has raised to the tune of USD 509 K by now. In […]

Kenya’s Twiga Foods Cultivates Blockchain Microfinancing Partnership With IBM 

Twiga Foods together with IBM have partnered to add a blockchain based micro-financing feature to their platform for farmers in Kenya and across Africa. Launched in 2014, the Nairobi based start-up had raised USD 10.3 Mn funding in 2017 intended to expand its portfolio by increasing the number of vendors it serviced as well as […]

Reckoning Africa As Home To Most Exciting & Fastest Growing Tech Firms, China’s LUN Partners Injects USD 4.5 Mn Into MFS Africa

Pan-African FinTech company, MFS Africa has  secured USD 4.5 million in its latest funding round, led by LUN Partners Group, a Chinese global investment management group with participation from Dutch investment firm Goodwell Investments, alongside a clutch of angel investors completed the round. The Series B round is expected to fuel the expansion of MFS Africa’s network in Africa and beyond, […]

“Technology Is The Future Of Nigeria’s Economy” Says Vice President Osinbajo, During His Visit To The Startups

Nigeria’s vice president Yemi Osibanjo has affirmed government’s commitment to put in place measures that will strengthen and create more tech startups in the country. Startups visited by the vice president include Paystack, Andela, Flutterwave, Workstation, FarmCrowdy, African Fintech Foundry, and Co-Creation Hub. Osinbajo, who was visibly impressed during his visit to seven tech startups […]

Kenya’s mSurvey Raises USD 3.5 Mn In Series A Led By TLCom Capital

Kenyan Startup mSurvey, which uses mobile technology to power surveys and conversations for clients, has secured USD 3.5 Mn in an investment round led by TLCom Capital. The series also saw participation from Social Capital, Kapor Capital, Golden Palm, and Richard Owen; founding team of Net Promoter Score (NPS). Previously, mSurvey has raised investments from Cross […]

Zimbabwean Startup Golix Is All Set To Enter The South African Market 

It has been a month of firsts for cryptocurrency exchange Golix; it began the month by launching the first Bitcoin ATM in Harare Zimbabwe and have now followed it up with a move that sees them expand into the South African market.  Cryptocurrency has had tremendous uptake in Zimbabwe over the last few years due […]

Tunisia Set To Become A ‘Startup Nation’ – Parliament Passes the Startup Act

After two years of deliberation, the Tunisian Parliament passed the ‘Startup Act’ early this month. The Act was formulated by keeping the ecosystem involved and is touted to set the country on the path of becoming a startup nation. Definition of a startup is chalked out clearly which states that the company should not have existed […]

Fueling It’s Aim To Upskill Over 3,000 Developers By 2021, CiTi Group Receives USD 20.7 Mn Funding

The next three years of development are set to be some of the busiest for the Cape Innovation and Technology Initiative (CiTi) group after they announced that they will be launching a three-year programme run through its CapaCiTi initiative. The mandate is to train 3000 developers by 2021 through its technology skills and job readiness programme. […]

Light At The End Of The Tunnel For Zimbabwean Tech Startups

Tech start-up companies in Zimbabwe are starting to break through, with government funding and assistance from tech hubs and incubators starting to trickle in, although players in the sector say current economic difficulties are holding back innovators from attaining their full potential. Funding has previously been a significant constraint for tech start-ups in Zimbabwe, with […]

South Africa’s Recruitment Startup Giraffe Secures Funding From Edge Growth’s Vumela Fund, Omidyar Network And Others

Recruitment platform Giraffe has piqued interest by announcing a successful round of funding. The equity funding was led by prominent hitters Edge Growth’s Vumela Fund, followed by Omidyar Network, Forever Young Capital, and Catapult Trust. Having identified a niche market for businesses and the need to drive high volumes of quality staffing, the Johannesburg based […]

DPO Spreads Into Western Africa – More Acquisitions In Pipeline?

Kenyan Direct Pay Online Group continues to expand its reach in Africa with a move to set up offices in Ghana. Having taken a foothold in East Africa and Southern Africa, the Western reaches of the continent have become the next venture for DPO. The African payment service provider DPO has announced the official opening of […]

Nigerian Startup Arone Hopes To Be A Personalised Drone Delivery Service

In 2015, e-commerce platform, Yudala, led Nigeria’s first drone delivery during its Black Friday sales. It was a spectacle with massive coverage and talking points. An Unmanned Arial Vehicle, UAV, took off from the headquarters of Yudala at Redemption Crescent, Gbagada, Lagos, loaded with a Nokia Lumia smartphone and delivered successfully. Before this, drones have […]

Nigerian E-Commerce Players Konga And Yudala Announce Merger

After months of speculation and in a move designed to dominate the organized retail and e-commerce/marketplace outfit on the African continent, Nigeria’s largest online mall Konga have merged with Yudala. Both companies operate under the KONGA brand name. According to reports the strategic business merger which takes effect from May 1, 2018, will see both […]

CoinAfrique Concludes USD 3 Mn Series A Round

Senegal’s CoinAfrique has been a prominent player in French-speaking Africa as a classified advertisement platform, and with a Series A injection of USD 3 Mn their stake in Francophone Africa is only set to grow. They claim to be the “most downloaded classifieds app in French-speaking Africa,” with aims of superseding 10 million monthly users […]

East African Fintechs Lead The Way In USD 200 K DFS Lab Funding

The Digital Finances Lab is an initiative funded by the Bill and Melinda Gates Foundation to serve as an accelerator for African fintech startups and they have recently announced plans to invest USD 200K in four companies. “We are excited to have the opportunity to invest in companies that are creating products that will improve, […]

Ghana’s Kudobuzz Acquires RetailTower To Boost Product Portfolio

Ghana ’s startup Kudobuzz has acquired eCommerce RetailTower, a product that allows merchants to list their products across multiple shopping engines. This is Kudobuzz’s second acquisition of this year after it had acquired startup AdGeek in January. According to a blog post the acquisition of RetailTower, which will now be known as Kudobuzz RetailTower, will […]

Helping people ‘Hear The Future’, SA’s HearX Group Ties Up With American Academy of Audiology to set foot in USA

According to a 2016 study by the National Institutes of Health NIDCD, approximately 15 percent (37.5 Mn) of American adults aged between 20 and 69, have some trouble with hearing and approximately 28.8 Mn could benefit from the use of hearing aids. In response to this grave problem, American Academy of Audiology has collaborated with hearX group, an e-health startup from South […]

Cape Town HealthTech Startup Vula Mobile “Opens” Door To USD 83 K

Touted by experts as the next big tech frontier in Africa, the health tech sector is starting to see an increase in innovation. South Africa’s latest e-health tech to raise funding is Cape Town-based Vula Mobile. The company was founded by Dr. William Mapham who first felt the need for a system that connected healthcare […]

South African Fintech Startup JUMO Bags USD 3 Mn In Equity Investment From Proparco

South African Startup JUMO, raised an equity investment of USD 3 Mn from Proparco, as disclosed in a recent press release. JUMO is an emerging market technology Fintech start-up that offers unbanked or under-banked people access to financial services via their mobile phones. On raising the fresh round, Andrew Watkins-Ball, Founder and CEO of JUMO said, […]

Kenya Dominates Pangea’s top 11 Startups Shortlisted For USD 50 K Funding

Nine Kenyan startups have made it to a shortlist of 11 start-ups who will be considered for funding of up to 50,000 USD per startup by Pangea last week. Pangea is a platform for connecting African startups with international investment & expertise, has shortlisted the 11 start-up companies drawn from Kenya, Egypt, and Nigeria. Kenya […]

A Win In Egypt For Careem And Uber

There is jubilation in Cairo for both Careem and Uber after a successful appeal ruling from Egypt’s Court of Urgent Matters. Last month, WeeTracker reported that the two ride-hailing services had their operating licenses revoked after Egypt’s Administrative Court ruled in favour of 42 taxi drivers. The drivers petitioned the court to cancel both their […]

PayPal Collaborates with Kenya’s M-PESA To Facilitate Global E-comm Payments In Africa

PayPal and Safaricom announced a collaboration that would enable Kenyans to move money between their M-PESA and PayPal accounts, in a press release today. The new service is expected to eliminate barriers that have hindered consumers and businesses in the country from taking full advantage of global eCommerce. PayPal’s collaboration with M-PESA is part of […]

Data Firm Asoko Insight To Expand African Operations With USD 3.6 Mn Series A Funding

Asoko Insight has announced the completion of a USD 3.6 Mn Series A fundraising, targeted at increasing the company’s data collation capacity to cover more  African businesses. With this round that startup stands at an overall USD 8 Mn of funding. Asoko Insight, a firm that provides data analysis on African companies to global corporate, […]

Dimension Data Former CEO Invests USD 830 K In Johannesburg Based Gather Online, Joins The Board

Gather Online has just appointed former Dimension Data CEO Brett Dawson as its board chairperson. Dawson has not only joined the board as its chairperson but is also now the company’s largest external investor after a USD 830 K investment in the company. His outlay has seen the ex-chief take up a 10% stake in […]

A Comprehensive List Of Co-Working Spaces In Cape Town For Startups

The working styles of startups have seen tremendous change over the years as they have to operate from multiple locations with scattered teams. This also brings about challenges in having to set up offices at multiple places. Coworking space is playing an essential role in providing solutions to these challenges. It also promotes building a […]

Nigerian Agritech Startup Farmcrowdy Secures 7,500 Acres Of Farmland To Boost Its Operations 

Nigerian Startup Farmcrowdy, has secured additional 7,500 acres of maize and rice farms in Kaduna and Kwara states. This development sees Nigeria’s agritech startup officially double its acreage of land, which at the end of 2017, stood at 4,000 acres of farmland across 8 states in Nigeria.  In a press release, it was disclosed that  5,000 acres of maize farm would be cultivated by 2,000 new Farmcrowdy farmers in Kaduna […]

South African P2P Lending Startup Rainfin Acquires Stake In 4AX

Peer to peer lending has become an alternative source of funding for many entrepreneurs looking for investment and equally for investors looking to diversify their resources. Rainfin has used a crowdfunding model to disrupt the loan industry in South Africa and as a sign of its continued growth, it has concluded the acquisition of a tactical stake […]

Acquisition, Resignation, Merger? – Konga Is On A Roller Coaster Ride

2018 has shaped up to be a roller coaster journey for Konga. The Nigerian e-commerce giant has not only been acquired in the last 60-days, appointed its new CEO Nick Imudia and are now speculated to be merging with Yudala. The acquisition was a logical step in the lifecycle of the company. To have serviced a market like […]

Startups In Nigeria’s South-South And South-East Regions Are A Step Closer To Angel Investors

African Business Angel Network (ABAN) and other partners have unveiled plans to set up a South South and South East focused Angel Network that will provide seed funding for startups within the area. In a conversation with Weetracker, it was told that the process will commence with an Angel Masterclass which will aid the emergence […]

Nigeria’s iFixng Raises USD 50 K in Seed Round, Plans to Increase Employment For Artisans

iFixng, a Nigerian handyman marketplace, has raised USD 50,000 seed funding last month, from an individual private investor Yomi Martin. The startup that had been running in its beta phase since 2016 and launched formally in May 2017 after multiple rounds of testing. It has already created more than 250 jobs since its formal launch […]

With Seed Capital Under Its Belt, Nigeria’s Hostel Marketplace MyPadi Is Easing Out Student’s Semesters

For an average Nigerian student, an academic calendar begins from first securing accommodation popularly referred to as bed space – either on or off campus before anything else. It is a scramble to secure accommodation in a public University or polytechnic. The brave ones tend to do the business quickly and settle down for proper […]

Africa Focussed Micro Lending Startup Branch Secures USD 70 Mn In Equity & Debt Financing

Branch International, a Micro lending platform for African countries, raised USD 70 Mn recently in equity and debt financing. Trinity ventures led the USD 20 Mn equity round along with International Finance Corporation, Andreessen Horowitz, and CreditEase Fintech Investment Fund. The balance USD 50 Mn was raised as a debt facility from Victory Park Capital. Since […]

Nigerian Terragon Group Bags USD 5Mn From TLcom Capital

Lagos based data analytics firms Terragon Group has raised USD 5 Mn from African VC TLcom Capital. Terragon Group provides businesses with insights to reach the mobile audience in Africa. Founded in 2009 by Elo Umeh, the startup has been bootstrapped since its inception. It now spreads across many countries including Nigeria, Kenya, South Africa and India. The […]

Facebook Launches Business Training Programme For Nigerian Women, Partners With She Leads Africa

Facebook has announced the launch of #SheMeansBusiness Nigeria, an initiative designed to inspire and train female entrepreneurs across the country to build, grow and start their businesses. It is the first to launch in any Sub-Saharan Africa. With applications opening on March 27, 2018, training sessions across six cities will be followed by post-training clinics aimed at […]

Nick Imudia Overtakes Konga’s Operations After Shola Adekoya Resigns

After more than a year of leading Nigeria’s e-commerce platform, Konga, CEO, Shola Adekoya on Wednesday, March 28, 2018, announced his resignation from the company. Shola disclosed this in a tweet from his handle on Twitter. The tweet contains no possible indication of his resignation. Shola succeeded founder and former CEO Jim Shagaya, who resigned in […]

Flutterwave Partners With Flywire For Cross-Border Payments In Africa

A global payments platform Flywire has announced, in a press release, plans to partner with Nigeria’s Fintech platform Flutterwave to simplify payment transactions for Nigerian students, patients, and businesses abroad. Flywire says it plans to integrate Flutterwave’s payment platform as the preferred option for students, patients, and businesses in Nigeria who are making cross-border payments […]

Hewelett Packard Enterprise Acquires South African Startup, Cape

Hewlett Packard Enterprise, HPE, in a news release, announced a definitive agreement to acquire Cape Town and San Francisco based Cape Networks. It is said to become a part of Aruba, a Hewlett Packard Enterprise company and will expand Aruba’s Artificial Intelligence (AI) powered networking capabilities with a sensor-based service assurance solution that gives customers a simple, […]

Chat To Get Insured – FinChatBot Is Boosting The Conversions For Insurers

Ever faced a long holding time while connecting to a customer support channel? The answer, a resounding YES. But wait, that was an old trend, chatting on apps is in vogue, and millennials are embracing this trend worldwide. With over 5 Billion users worldwide, instant messaging has become the preferred mode of communication. The rise in the […]

Banned In Egypt, Tipping Feature In South Africa -The Uber Anomaly

Coming out of a tumultuous week, Uber has had its license withdrawn and doors shut in Egypt after a drawn-out court ruling. However, they are not the only ones to suffer this fate. Fellow competitor Careem has also been dealt the same blow after Egypt’s Administrative Court ruled in favor of 42 taxi drivers seeking […]

Nigeria’s Agri-Tech Startup Farmcrowdy Creating Farmers Without Farms

Remember the popular maxim that defines insanity as doing the same thing over and over again, but expecting different results. This aptly captures the trajectory of Agriculture, a once upon a time mainstay of Nigeria’s economy before Crude Oil. Incidentally, many now agree that Nigeria’s chronic dependence on crude oil wasn’t in the best interest, […]

Data Centre Provider Teraco To Expand Its Cape Town Facility And Build Another In Gauteng

Teraco that completed its Bredell hyperscale data centre last year, with deployment of space of over 6000m² and a municipal power supply of 24MVA, is planning to expand its Cape Town facility. Cape Town, though a smaller regional market for Teraco, due to the increased commercialization of cloud, has started to flourish. Van Wyk, CEO,  says that […]

Nigerian Healthtech Startup LifeBank Secures USD 61 K From Germany’s Merck Accelerator

Nigerian healthcare startup LifeBank has been shortlisted for the 6th round of the Merck Accelerator programme in Germany. A statement from the technology and science company in Darmstadt, Germany, announced Life Bank as one of the ten new startups taking part in the Merck Accelerator. The startups drawn from around the world will operate from […]

Tony Elumelu Foundation Selects 1250 Entrepreneurs for 2018 Programme

The Foundation in a press release announced yesterday, its 2018 cohort of 1,250 African entrepreneurs with the most innovative, high-potential business ideas. More than 150,000 Africans from 114 countries worldwide applied to join the 4th cycle of The Tony Elumelu Foundation’s (TEF) 10-year, USD 100 million TEF Entrepreneurship Programme.  TEF Founder, Tony O. Elumelu, CON, commented: “The number and quality of […]

China’s Tencent Loses $24 Billion In Market Cap After Naspers Cuts Down 2% Stake

South African media giant Naspers is selling up to 190 million shares in China’s Tencent. The accelerated bookbuildsale could earn Naspers up to $11 billion. The  2% cut in the maker of WeChat and QQ will get Naspers holding to 31.2% from  33.2%. Naspers entered Tencent Cap-Table in 2001 with an investment of $32 million, which […]

Knife Capital Backs Cape Town’s Machine Learning Startup DataProphet

Cape Town-based DataProphet that develops and implements product development solutions to a wide range of industries, with a specific focus on the manufacturing sector has received an undisclosed amount of capital from Country’s Knife Capital. The investment is speculated to be a multi-million dollar deal. The funding will be applied to boost the company’s innovation capabilities […]

These Three Wonderwomen Offer A Techy Way Out To Legal Hiccups of Nigerian Entrepreneurs

Starting a company is an exciting endeavor; however, it can be a daunting task no matter what industry an entrepreneur chooses to operate in. While the journey would pose innumerable hindrances, navigating one’s way through legal woes can be particularly vexing. Especially if you were going to start up in Nigeria, you would know of […]

9 Fintech Startups in Ghana To Watch Out For – WeeTracker Research

Known as the first country to gain independence in sub-Saharan Africa, Ghana only adopted capitalism in 1992. Hence just one generation here has lived in a free-market society. Nonetheless, Ghana has one of the most active tech scenes in the African continent, right next to frontrunners like South Africa, Nigeria, and Kenya. Many remain surprised […]

Africa’s First Tech Unicorn Set To IPO

In 2016 the world watched as Africa crowned its first tech unicorn – Jumia Group – previously African Internet Group. The Nigerian e-commerce platform has become one of Rocket Internet’s thoroughbred subsidiaries in the last few years growing into a formidable opponent to the likes of Amazon and Alibaba. Jumia Group has shown incredible traction […]

PORTAZ’s ICT Innovation Drive backs Six Zimbabwean Startups

ICT Innovation Drive was launched last week in Zimbabwe by POTRAZ (Postal and Telecommunications Regulatory Authority of Zimbabwe) and six startups have received a undisclosed amount of  to scale up operations. The six startups have been chosen from over 188 applications received. Their services will be made available on platforms run by mobile operators Telecel, NetOne […]

Nairobi & London Based AgriTech Wefarm Raises USD 5 Mn

Wefarm, Nairobi and London based, farmer-to-farmer digital network, announced in a press release that it had secured USD 5 Mn in additional seed funding. Silicon-Valley-based True Ventures led the round. The funding round had participation coming in from angel investors including founders of Skype, WordPress and the Norrsken Foundation. There was also a significant follow-on […]

M-KOPA Raises Another USD 10 Mn to Expand Further in East Africa

M-KOPA, which sells solar home systems, has recently concluded a USD 10 Mn round led by CDC. The series details remain unreported. With this round, the Solar energy startup has USD 161.8 Mn under in its kitty. M-KOPA which was established in 2011 in Nairobi and works on  “pay-as-you-go” model for energy services for off-grid […]

South African Fintech Startup Entersekt Lands Its Third Best Mobile Security Technology Award

South Africa based financial security solution Entersekt has clinched the award for Best Mobile Security Technology for the third time at the 2018 Banker Africa’s Southern Africa Banking Awards. Entersekt uses an innovative push-based authentication solution along with digital certificate technology to protect customers from online fraud. The awards program is open to all banks and financial […]

CCHUB’s Giving4Good Challenge Sets The Tone For Creative Mobile-Based Platforms To Enhance Philanthropy

Co-Creation hub in partnership with Comic Relief has set up the Giving4Good challenge, which will explore ways Civil Society Organisations (CSO) and Non-Governmental Organisations (NGO) use technology to raise funds from individuals and donor organizations in both local and international/diaspora communities. The organizers noted that the constraints of individual philanthropy in Nigeria revolve around three […]

Exclusive: Finland’s Claned and World Vision Join Forces To Improve Teaching Quality in Kenya

Claned Group, an online learning platform, has partnered with World Vision Finland, a development and advocacy organisation, to leverage the use of digital learning solution of ClanedKids for elementary and middle-school children. The partnership was sealed in the form of a donation from Claned to World Vision. ClanedKids is being put to use for the […]

World Bank Sanctions Additional USD 3 Mn To Support Innovation Hubs In Nigeria

The World Bank has approved additional USD 3 Mn to support the Nigerian government’s bid to diversify the country’s economy through the creation of technology hubs. Nigeria’s Vice President Yemi Osinbajo disclosed this at the opening ceremony of the 2018 Technology and Innovation Expo in Abuja. Prof. Osinbajo explained that the first tranche of the […]

Uber Eats To Launch in 100 New Cities Including Egypt & Kenya

Uber Eats, the on-demand food delivery app announced its expansion plan to 100 new cities in EMEA markets. It intends to increase its footprints in Europe, the Middle East and Africa this year, including launches in Egypt and Kenya. Currently, Uber Eats reaches customers in over 200 cites globally, and operates in some markets where the […]

Spotify Arrives In South Africa, Launches Premium Service at USD 5

Spotify, the world’s largest global music streaming subscription service, has launched in South Africa. A press conference will be held today to formally announce the same. The service went live yesterday afternoon, and offers the Premium service at $5.09/month (R59.99) with a free 30-day trial. A free tier is also available. Although Premium price matches the local […]

With 100,000 Downloads And Strong Partnerships, South Africa’s Walletdoc Plans To Capture The E-Billing Landscape

Leonard Shenker attributes that combining his industry experience in the payment space with the software and gaming experience of his partner Dan Wagner has been one of the cornerstones of Walletdoc’s success. He contends that “Building the right team is what matters”. Between him and Wagner, they have merged their disciplines to create a mobile […]

Nairobi, Get Ready For Flying Cars

The blockchain project announced setting up of infrastructure for air taxis service in Nairobi along with 22 cities in 13 countries in a press release last week. The project is a 2 part incubator and is expected to open new opportunities for entrepreneurs, engineering and drone experts, and manufacturers of hardware and software for the […]

Stanbic Launches Innovation Hub Blue Lab in Nigeria

With the launch of Blue Lab, Nigerian bank Stanbic IBTC has joined an exclusive list of banks with their innovation hub. Blue Lab Situated at number 220 Herbert Macaulay Way in Alagomeji-Yaba was launched on Thursday, March 8, 2018. Supported by the Co-Creation Hub (CcHub), Blue Lab is billed as an innovation hub for incubators […]

This Nigerian Tech Startup Helps Small Business To Market Their Product

Nigeria’s business hub, Lagos, is home to well over 11,000 Small and Medium scale businesses struggling to be profitable. To remain afloat, they have to adequately position their products and services in the market, with hopes to reach their target audience. Of course, these businesses are well aware that more prominent corporations, as a result […]

iHub Selects 27 Startups for the Second Cohort of Traction Camp

Kenya’s iHub has selected 27 startups for the second cohort of Traction Camp, a six-month business acceleration program. The program is backed by the World Bank Group’s infoDev program and supported by the governments of Norway, Sweden, Finland, and Kenya. As part of the program, the startups will receive mentoring from experts hailing from various countries, go through […]

Kenya’s TabAds Takes Out The Boredom From Your Cab Journeys, Cashes In From Digital Ads

The traditional media ranging from television, newspaper, radio, and billboards have enjoyed the centre stage for long. But who has got the time these days, to consume these mediums? Hectic work schedule, busy social life, and diminishing attention span are all indicators of the lack of time. With the rising numbers in digital gadgets and […]

Digital Diagnostic Care Debuts in Nigeria with PreDiagn

Nigeria’s healthcare sector has a new entrant with the launch of Predaign, a healthtech startup that delivers economical and accessible diagnostic services to its users. This means that with a smartphone and an internet connection, patients can get their health queries attended to almost real time. PreDiagn which was launched in February 2018, uses the […]

Samsung Acquires Egypt Based AI Startup Kngine

As per an announcement made by Samsung Electronics to The Investor on March 6, its affiliate Samsung Next has acquired a 100-percent stake in Egypt’s AI startup Kngine. Kngine, launched in 2013, uses AI to develop an understanding of content by continuously reading the Web. The mobile solution then builds a memory of the knowledge. This technology helps […]

Solar Startup Pawame gets $2 Mn Seed Financing to Electrify 150 Mn Sub-Saharan Households

Pawame, Kenya and UAE based off-grid solar start-up has raised a seed funding of $2 million from Gulf-based investors to expand its footprint in Kenya and other parts of Africa. The round was led by CT Arabia, an investment firm created by regional energy executives to invest in Pawame, along with angels serving as senior […]

Village Capital and PayPal Announces Its First Cohort For Fintech Africa 2018

The Village Capital Fintech Africa 2018 program that launched last year, has announced a cohort of 12 early stage fintech startups, in collaboration with PayPal. Village Capital and PayPal had received 165 applications for the round whereas they sieved out 12. Each of these startups has developed an innovative technology or business model that improves financial health for […]

Eight African Startups Make It To The Second Cohort of GSMA Ecosystem Accelerator Innovation Fund

GSMA Ecosystem Accelerator Innovation Fund announced its cohort of 15 startups with 8 African startups securing their place in the group. The GSMA Ecosystem Accelerator Innovation Fund that was launched last year, received over 550 applications from more than 40 countries for this round. The startups selected for 2018 grant have a pronouncedfocus on using mobile innovation to help […]

Go.Explore Is Officially The Next Disruptor!

After a weeklong roadshow that included disruptive innovation workshops and pitching boot camps across the University of Cape Town, University of Western Cape and Stellenbosch University, the Disruption 48 finale saw enthusiastic ideas and budding talents participate in the event. “Disruption 48 is always keen to work with all universities allowing all students to interact […]

This SA App Adds To Your Shopping Thrill With Cash Back Into Your Bank Account – All You Need To Do Is – Snap And Save!

Discounts and deals have long enticed humans. Who doesn’t like a bargain? It’s pretty logical, and also psychological. The mental rush associated with saving money is well established. However, some studies indicate the excitement of redeeming a coupon is greater than simply paying less for a product that is not discounted. According to Psychology Today, […]

This South African Startup Gets You a Table At Your Favourite Restaurant In a Jiffy

In a culture where passion for good eating runs so deep, it’s a given that everyone loves food. The evident shift from eating-in to eating-out has not escaped our attention. Merging Tables and Aisles, a report by Nielsen found that Americans eat out more than ever before. In another recent trend spotted in many developing […]

Mshule Won’t Let Poor Internet Get In The Way – Teaches Students Through SMS

Claire Mongeau’s mother was a teacher at a primary school. Her younger days would be spent feeling intrigued with new approaches being employed for teaching. Later, her higher education in psychology coupled with her brief stints at Bridge International Academies and IDEX Accelerator led her to understand how there existed underutilization and lack of resources […]

Not Just Rains, These Startups Too Can Bring Respite Amidst Cape Town’s Water Crisis That Looms Large

Water Water Everywhere, Not A Drop To Drink ? Who had imagined that Capetonians would come so close to meeting the fate of ‘The Ancient Mariners’? Three years of critically low rainfall, coupled with increasing consumption by a growing population has drawn closer what the authorities hail as Zero Day.  The six main dams that feed […]

Thami Hoza, a UCT student created impact with Hotnozzle, are you next?

This year January, gave a huge perspective to Thami Hoza, student at University of Cape Town, when he travelled to India for Entrepreneurship program after winning at the last Disruption 48 event. His idea ‘Hotnozzle’ which is not just innovative but solves real life issues for people living alone, especially students. The device when attached […]

Goodwell Investments raised USD 24.5 Mn for Impact sectors in Sub-Saharan Africa

Goodwell Investments, an Amsterdam based firm that invests in companies that offer products and services to un(der)served people to meet their increasing demand for affordable and quality basic products, has raised USD 24.5 Mn from over 30 investors. Its African portfolio companies in the fintech field include Paga (Nigeria), Nomanini (South Africa) and Musoni Systems (pan-African), […]

Nairobi’s Blockchain payments Startup BitPesa acquires TransferZero

BitPesa, Nairobi based blockchain payments platform for Africa and Europe, announced their acquisition of TransferZero, in a press release yesterday. TransferZero is an international online money transfer platform that specializes in sending money to consumers and companies in 200 countries. The fintech company licensed by the Bank of Spain as an authorized payment institution, was founded […]

Kenyan e-commerce Startup Sky.Garden raises USD 1.2 Mn

Kenya based e-commerce start-up, Sky.Garden, has raised USD 1.2 Mn from Dutch and Norwegian firms to grow its business. Sky.Garden is a SaaS ecommerce platform built for retailers in Africa. It gives control to the individual retailer by allowing inventory control and immediate payment reconciliation in an automated platform, where local shipping and payment options […]

This Egyptian Startup helps markerters analyze and tweak their Social Media Strategies

Social media in today’s time is becoming more and more important and influential, both in society and for marketers. Today most brands across the globe are using websites like Facebook, Twitter and Instagram to promote their products and services, making the space crowded and fiercely competitive. With that comes the need for social media analytics, for […]

Announcing Our First Flagship Event, “Disruption 48” for African IdeaPreneurs

While there are a number of events and Entrepreneurship conclaves that focus on startups already having good visibility and traction, there is a big need for a support system for that young yet dynamic mind which may be brewing the next big idea, “the IdeaPreneurs”. At WeeTracker, we have worked closely with early and growth […]

Kenya’s Mondo Ride raises USD 2 Mn

Kenya based Mondo Ride has secured its second round of funding of USD 2 Mn. The latest fundraise was led by investors from the UAE and Egypt. The money will be will be used to fund continued expansion across Africa and further investment in its proprietary technology platform. The second round of financing has brought […]

South African Bitcoin wallet Centbee raises funding from nChain

South African startup Centbee, a Bitcoin wallet provider that facilitates transaction between global consumers, retailers and other merchants using Bitcoin has raised money from nChain Group. The funding deal was made through the nChain Group’s investment entity, nChain Reaction Ltd as stated in the press release yesterday. Founded by co-CEOs, Lorien Gamaroff and Angus Brown, the Centbee wallet […]

South Africa’s wiGroup secures investment from Virgin Group, Smollan

Mobile software firm wiGroup announced that it has secured investment from two leading global companies to fast-track its entry into emerging and developed markets in a press release today. The deal terms and stake amount remain undisclosed. This follows similar investment from Investec Asset Management in 2015. As per wiGroup CEO Bevan Ducasse, the investment […]

Nigeria’s Touchabl can help decode pictures

Many a times when we see pictures shared on social platform or on the internet, it leaves us wondering about the location or even the objects in the picture.  Which shoes is she wearing, they’re absolutely gorgeous! I wonder where I can get a pair like these? Such thoughts commonly cross our minds. Gabriele Eze, […]

Kenya’s mShule secures second position at GESA awards

The Global Edtech Startup Awards (GESA) finally concluded its much awaited finale yesterday with Kenya’s msShule securing the second position in the most promising Edtech startup category for 2017. The event took place at the Mindspace headquarters at London with 18 finalists and a jury panel consisting on 15 members. As mentioned in our last […]

On boarding 7 years of rich South African experience with Startup Safari

Weetracker, a global tech media with a marked focus on the African ecosystem, has announced the acquisition of Cape Town based Startup Safari, an ecosystem immersion programme for entrepreneurs in emerging economies. Terms of the deal remain undisclosed. Launched in January this year with an incisive funding report of the African entrepreneurial ecosystem, Weetracker not […]

3 African Startups make it to the GESA Finale to be held in London

The Global EdTech Startup Awards (GESA), has announced the list of the final startups who will now be competing for the winner position in London on 24th January 2018. 3 African startups have made it to the list of the shortlisted 18 from across the globe. With this batch, a total of 40 African startups will have participated in […]

Partech Ventures launches USD 70 mn African Fund

Transatlantic Venture Capital Firm Partech Ventures has announced the launch of its Partech Africa fund, which has secured over USD 70 million commitments toward its target size of USD122 million. The company said that with its new Partech Africa fund, it plans to target early-stage growth startups with an average ticket size between USD 600K and […]

Top Funded Startups of Africa – 2017

In continuation with WeeTracker’s ‘Africa in 2017’, this is our next presentation on Top 10 funded startups for year 2017. In our recent report, Fintech sector secured the maximum number of deals last year with close to 47 deals. But among the top funded startups of 2017, Cleantech secured the first spot. Also, interestingly though seed money was […]

UN launches its African Technology Innovation Lab in Egypt

The UN has announced the opening of its African Technology Innovation Lab (UNTIL) in Egypt on the sidelines of the latest Cairo ICT Conference, held under the aegis of Egypt’s President Abdel Fattah el-Sisi. The announcement came after The Egyptian Minister of Communications and Information Technology Yasser ElKady had witnessed the signing of a Memorandum […]

African Startup Funding Report – 2017

2017 has been a great year for the African Startup ecosystem. With stalwarts like Mark Zuckerberg and  Bill Gates shifting their focus to encourage the startup ecosystem in Africa, greater access to investments and scalability now seems possible. Being home to several new young start-ups, the African continent, which is already grabbing the attention of many […]

Nigeria’s Farmcrowdy raises $1 Million

Farmcrowdy, an online platform allowing Nigerians to venture in and sponsor agriculture has closed $1 million in seed funding. It will use its fresh funding to scale operations, expand into 20 Nigerian states, and bring more small-scale farmers and sponsors into its program. The money was raised from Cox Enterprises, Techstars Ventures, Social Capital, Hallett Capital and Right-Side Capital; as well as […]

Azuri Technologies plans solar energy connections with distibutor, NGO in Kenya

The Sh5 million partnership involving UK’s Azuri Technologies , its distributors Raj Ushanga House and Young Jains, Nairobi will see 2,000 households in Kirinyaga, Tharaka Nithi and Narok counties benefit from this deal. The progressive roll-out will see each of the 300 households receive a solar panel, two LED bulbs, two switches and USB charging […]
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