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Day: May 9, 2024
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Egyptian Startup Swypex Launches All-in-One Financial Platform for Businesses After $4 Million Seed Round
Egyptian startup Swypex has unveiled its one-stop financial management platform designed to streamline business operations.
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British Investment and Nordic Fund Inject $29.5 Million into Climate Insurance Technologies for Africa
The British International Investment (BII) and the Nordic Development Fund (NDF) have pledged $29.5 million towards climate insurance technologies.
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South Africa Launches First Military-Focused AI Hub in Africa
South Africa took a significant step towards integrating Artificial Intelligence (AI) into its national defense and security with the launch of the Defence Artificial Intelligence Research Unit (DAIRU).
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South African Fintech Giant Adumo Acquired by Lesaka in $85 Million Deal
South Africa’s leading independent payments processor, Adumo, has been acquired by fellow fintech company Lesaka in a deal valued at ZAR 1.59 billion (US$85.9 million), subject to approvals.
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Milken-Motsepe Prize Awards African Innovators in Off-Grid Energy Solutions $2 Million
A UK-Malawian venture, Aftrak, has emerged victorious in the Milken-Motsepe Prize in Green Energy, a competition aimed at boosting access to sustainable electricity in Africa.
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Seamfix Secures $4.5 Million to Expand Digital Identity Services Across Africa
Nigerian digital identity solutions provider Seamfix has secured $4.5 million in funding to fuel its expansion into five new African countries.
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African Biotech Startup Syndicate Bio and SOPHiA GENETICS Partner to Improve Access to Cancer Diagnostics in Africa
Nigerian biotech company Syndicate Bio has partnered with SOPHiA GENETICS, a leader in cloud-based healthcare software to improve access to advanced cancer diagnostics in Africa,