Month: May 2023

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Getnet Aseffa

African Changemaker

Getnet Aseffa

Getnet is an Ethiopian computer scientist enthusiastic about making a breakthrough in the capability of AI systems to think, learn and create and use cutting-edge technology to help leapfrog Africa into the future.

He is the Founder of iCog Labs, a renowned AI and Robotics Research and Development Company based in Addis Ababa, Ethiopia. As the Founder of iCog Labs, Getnet has been pivotal in fostering innovation and technological advancement in Ethiopia and beyond. His leadership and expertise positioned iCog Labs as a prominent player in the AI and robotics industry, not only in Ethiopia but also on a global scale.

 

Under Getnet’s visionary leadership, iCog Labs has emerged as a hub of innovation, research, and development. With a mission to harness the power of AI for social impact, iCog Labs has spearheaded numerous projects and initiatives, transforming various sectors and improving lives across the country.

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The Commercial Potential of Africa’s Digital Revolution

  • EmpowerAfrica
Did you know that over 525 million people used the internet in Africa in 2019? If current growth trends continue, almost 75% of Africans are expected to come online by 2030.
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Sourcefin Secures $8.2 Million Investment to Empower South African SMMEs

South African fintech and alternative funding provider Sourcefin has secured $8.2 million from Futuregrowth Asset Management.
READ MORE

South Africa’s Tyme Group Raises $250 Million in Series D Funding to Become Africa’s Ninth Unicorn

South Africa’s digital banking innovator, Tyme Group, has secured $250 million in a Series D funding round, propelling its valuation to $1.5 billion.
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Proparco Invests $5 Million in Equator Africa Fund to Boost Climate Tech Start-ups in Sub-Saharan Africa

Proparco has announced a $5 million investment in the Equator Africa Fund through its FISEA+ facility to accelerate climate-focused innovation in sub-Saharan Africa.
READ MORE
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Damilola Olokesusi

African Changemaker

Damilola Olokesusi

Damilola is an exceptional entrepreneur, a visionary leader, and a true inspiration to many.

She is the Co-Founder and CEO of Shuttlers, a transportation technology company based in Lagos, Nigeria. Shuttlers provides a platform that offers convenient and reliable shuttle services for commuters in major cities. The company aims to solve transportation challenges in urban areas by providing a shared mobility solution that is affordable, efficient, and comfortable. Damilola is also UNCTAD’s etrade for Women Advocate for Anglophone Africa, where she is contributing to building a more gender-inclusive digital economy in developing countries.

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The Commercial Potential of Africa’s Digital Revolution

  • EmpowerAfrica
Did you know that over 525 million people used the internet in Africa in 2019? If current growth trends continue, almost 75% of Africans are expected to come online by 2030.
READ MORE

Sourcefin Secures $8.2 Million Investment to Empower South African SMMEs

South African fintech and alternative funding provider Sourcefin has secured $8.2 million from Futuregrowth Asset Management.
READ MORE

South Africa’s Tyme Group Raises $250 Million in Series D Funding to Become Africa’s Ninth Unicorn

South Africa’s digital banking innovator, Tyme Group, has secured $250 million in a Series D funding round, propelling its valuation to $1.5 billion.
READ MORE

Proparco Invests $5 Million in Equator Africa Fund to Boost Climate Tech Start-ups in Sub-Saharan Africa

Proparco has announced a $5 million investment in the Equator Africa Fund through its FISEA+ facility to accelerate climate-focused innovation in sub-Saharan Africa.
READ MORE
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Alloysius Attah

African Changemaker

Alloysius Attah

Attah is a Ghanaian agtech entrepreneur passionate about helping African farmers grow their wealth.

Having experienced firsthand the challenges faced by smallholder farmers in Africa while growing up in Ghana, Attah helped co-found Farmerline Group in 2013. Farmerline works with agribusinesses to empower smallholder farmers in Africa via mobile technology. These shop owners, usually the first point of knowledge for the farmers, are used by Farmerline to distribute educational material.

 

The partnering shops use the startup’s Mergdata, a proprietary AI technology platform for supply chain intelligence, to digitize the farmers they serve and to generate the data the agritech needs to predict the demand for farm supplies. Under Attah’s leadership, Farmerline has grown into a successful enterprise, working with over 200,000 farmers across Africa. The company has won several awards and recognition for its innovative approach to agriculture and technology. On his part, Attah has been recognized as a Forbes 30 Under 30 honoree and a World Economic Forum Young Global Leader, among other accolades.

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The Commercial Potential of Africa’s Digital Revolution

  • EmpowerAfrica
Did you know that over 525 million people used the internet in Africa in 2019? If current growth trends continue, almost 75% of Africans are expected to come online by 2030.
READ MORE

Sourcefin Secures $8.2 Million Investment to Empower South African SMMEs

South African fintech and alternative funding provider Sourcefin has secured $8.2 million from Futuregrowth Asset Management.
READ MORE

South Africa’s Tyme Group Raises $250 Million in Series D Funding to Become Africa’s Ninth Unicorn

South Africa’s digital banking innovator, Tyme Group, has secured $250 million in a Series D funding round, propelling its valuation to $1.5 billion.
READ MORE

Proparco Invests $5 Million in Equator Africa Fund to Boost Climate Tech Start-ups in Sub-Saharan Africa

Proparco has announced a $5 million investment in the Equator Africa Fund through its FISEA+ facility to accelerate climate-focused innovation in sub-Saharan Africa.
READ MORE
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Barbara Mutabazi

African Changemaker

Barbara Mutabazi

Barbara is a Ugandan entrepreneur and tech leader passionate about promoting gender equality in tech.

She is the Founder of Women In Technology Uganda (WITU) and a leading figure in the African tech ecosystem. WITU provides young women and girls in Uganda from underserved communities with practical skills, tools, and work opportunities to become innovative technologists, leaders, and entrepreneurs equally participating in and influencing African economies.

 

Through WITU, Barbara is empowering women and girls to participate in science, technology, engineering, and mathematics (STEM) fields by providing mentorship, training, and networking opportunities. She has also founded other initiatives, such as Hive Colab, a technology hub in Kampala that supports tech startups in the region. Barbara’s contributions to the tech industry in Uganda and beyond have been truly inspiring. She has been recognized as one of the leading young entrepreneurs in Africa and has received numerous awards for her work in promoting gender equality in tech

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The Commercial Potential of Africa’s Digital Revolution

  • EmpowerAfrica
Did you know that over 525 million people used the internet in Africa in 2019? If current growth trends continue, almost 75% of Africans are expected to come online by 2030.
READ MORE

Sourcefin Secures $8.2 Million Investment to Empower South African SMMEs

South African fintech and alternative funding provider Sourcefin has secured $8.2 million from Futuregrowth Asset Management.
READ MORE

South Africa’s Tyme Group Raises $250 Million in Series D Funding to Become Africa’s Ninth Unicorn

South Africa’s digital banking innovator, Tyme Group, has secured $250 million in a Series D funding round, propelling its valuation to $1.5 billion.
READ MORE

Proparco Invests $5 Million in Equator Africa Fund to Boost Climate Tech Start-ups in Sub-Saharan Africa

Proparco has announced a $5 million investment in the Equator Africa Fund through its FISEA+ facility to accelerate climate-focused innovation in sub-Saharan Africa.
READ MORE
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Egypt’s Balad secures seven-figure Pre-seed funding to drive financial inclusion

New Investments

Egypt’s Balad secures seven-figure Pre-seed funding to drive financial inclusion

| Article

Balad, a rising star in the Egyptian fintech scene, has closed a seven-figure pre-seed funding round.

The funding round was led by Acasia Ventures, with participation from other investors such as Launch Africa Ventures, Future Africa, V&R, MAGIC Fund, First Circle Capital, Sunny Side, and several family offices. Founded in 2022, Balad aims to revolutionize financial inclusion in Egypt by leveraging innovative technology solutions. With a strong focus on the unbanked and underbanked population, Balad aims to empower individuals and small businesses with access to financial services that were previously out of reach.Through this investment, Balad is now equipped with additional resources to expand its operations, strengthen its technology infrastructure, and scale its services to reach more individuals and businesses in need.

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SA e-health startup Quro Medical raises $1.3m from the Mineworkers Investment Company

New Investments

SA e-health startup Quro Medical raises $1.3m from the Mineworkers Investment Company

| Article

Quro Medical, a pioneering leader in innovative healthcare solutions, has secured a $1.3 million investment from the Mineworkers Investment Company (MIC).

Founded in 2018, Quro Medical is at the forefront of redefining healthcare delivery in South Africa. With a vision to provide quality care outside traditional hospital settings, Quro Medical’s Hospital-at-home Services offer a transformative approach that brings personalised medical care to the comfort of patients’ homes. The new investment will empower Quro Medical to expand its operations, scale its services, and further develop its cutting-edge technology platform. The startup’s latest investment marks a pivotal moment in its journey towards reshaping healthcare in South Africa.

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Proparco backs DisrupTech Ventures with $5 million to invest in Egypt’s fintech space

Key Developments

Proparco backs DisrupTech Ventures with $5 million to invest in Egypt’s fintech space

| Article

Proparco, a leading development finance institution, has invested 45 million in Disruptech Ventures to accelerate the growth of Egypt’s fintech sector.
 

DisrupTech Ventures is an early-stage venture capital fund aiming to provide seed funding to up to 28 startups. The VC fund raised $36 million from several investors, including Development Finance Institutions, Funds-of-funds and Family offices. The investment is projected to be an important financing source for Egyptian tech companies, which often struggle to raise capital to bring their innovations to market.

 

Launched two years ago, DisrupTech was established to support early-stage Fintech and Fintech-enabled digital services startups focusing on Egypt. The firm adopts a hands-on approach from the beginning, partnering with talented entrepreneurs to transform their vision into reality.

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Fingo Africa teams up with Ecobank to become Kenya’s first neobank

Key Developments

Fingo Africa teams up with Ecobank to become Kenya’s first neobank

| Article

Siemens Fingo Africa, a YC-backed fintech, has partnered with Ecobank to launch the first neobank in Kenya.
 

The collaboration marks a significant milestone in Kenya’s banking sector and sets the stage for a new era of accessible and innovative banking solutions. Founded in 2021, Fingo aims to empower youths to create a wealthier Africa with distinctly designed financial products. The startup’s collaboration with Ecobank combines the agility and innovation of a neobank with the stability and expertise of an established financial institution.

 

Fingo seeks to deliver financial services such as savings, insurance, and credit to its users at cheaper transfer fees, subsidized rates at pay bills, and cash-back rewards, among other features.

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 ADF, Smart African Alliance join forces to boost digital trade in Africa.

Key Developments

ADF, Smart African Alliance join forces to boost digital trade in Africa

| Article

Siemens The African Development (ADF), in partnership with the Smart Africa Alliance, has launched a new project to drive digital trade in Africa.

The $1.5 million project will support the implementation of digital trade facilitation systems in several African countries. Burundi, Kenya, Malawi, Rwanda, Uganda, Tanzania, and Zambia, are among the countries that will benefit from the project. The DATC project is expected to improve trade efficiency in Africa by reducing transaction costs, enhancing predictability, and reducing trade-related risks.

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