Visa has selected 23 African startups for the inaugural cohort of its Visa Africa Fintech Accelerator.

Kenyan mobility startup BasiGo has received a $1.5 million grant from the United States Agency for International Development (USAID) to support the pilot testing and scale-up of its electric buses in Rwanda.

MNT-Halan has become Egypt’s first unicorn after announcing a raise of over $400 million securitizationion issuances this year, solidifying its position as a leading player in the region’s financial technology sector.

The top 10 finalists for the AfricaIgnite Pitch Competition have been announced, with five companies from Kenya and four from South Africa making the list.

MNT-Halan has become Egypt’s first unicorn after announcing a raise of over $400 million securitizationion issuances this year, solidifying its position as a leading player in the region’s financial technology sector.

The Emerging Africa Infrastructure Fund (EAIF) has committed up to XOF 30 billion (equivalent to USD ~ 48 million) to launch West Africa’s first-ever social asset-backed security.

Kenya’s President William Ruto has launched the much anticipated East Africa Device Assembly Kenya Limited (EADAK) in Athi River, Machakos County.

Pan-African digital payments network MFS Africa has joined forces with Mvola, the biggest mobile money provider in Madagascar, to pave the way for inbound international money transfers.

Ghanaian startup Kofa, a pioneer in battery network solutions, has teamed up with TAILG Group, a prominent electric vehicle (EV) brand hailing from China, to launch the Jidi electric motorcycle.

Kuramo Capital Management, a prominent investment management firm with a focus on Sub-Saharan Africa (SSA), has announced its ambitious plan to invest $150 million in supporting female-led startups throughout the African continent over the next decade.

OceanHub Africa, a business accelerator for environmentally conscious startups, has concluded its fourth cohort with a boot camp for the six startups participating in the eight-month program.

Endeavor and FMO, the Dutch entrepreneurial development bank, have announced the launch of the second cohort of their African Agritech Accelerator program.

E-commerce giant Amazon has disclosed its plans to launch Amazon.co.za in 2024.

Andela, an Africa-focused talent outsourcing startup, has launched Andela Talent Cloud, an integrated end-to-end platform that connects skilled individuals with businesses, transforming the hiring process for tech companies and talents.

Flutterwave, a leading African payments company, has entered into a five-year technology collaboration with Microsoft to build an upgraded platform on Microsoft Azure.

TymeBank, a South African digital bank, has reached the 8 million customer milestone in just four years, a significant achievement for the rapidly growing financial institution.

ThriveAgric, a Nigerian agritech company, has announced a new initiative to empower 125,000 farmers across the country financially.

Koree, a Cameroonian fintech company, has been crowned the winner of the 2023 Ecobank Fintech Challenge.

Baobab Network, a pan-African venture capital firm, has announced the launch of its Accelerator Programme for African Startups.

Auto24, an Ivorian used car marketplace, has announced its expansion into four new African markets: Morocco, Rwanda, Senegal, and South Africa.

Cassava Technologies, a pan-African technology company, and Atlas AI, a leading provider of artificial intelligence (AI) solutions, have announced a partnership to accelerate digital transformation in Africa.

The African Development Bank (AfDB) and Google have announced a new collaboration to support digital transformation in Africa.

The Africa Women Innovation and Entrepreneurship Forum (AWIEF) announced the 24 finalists for its 2023 AWIEF Awards.

The Microsoft-backed FAST (Foundation for African Startups and Technology) Accelerator has announced the selection of 12 promising startups from across Africa for its highly competitive AI program.

Turaco, Africa’s tech-enabled affordable insurance company, has acquired MicroEnsure Ghana from MIC Global.

ROAM, a Kenyan electric vehicle (EV) company, has introduced the Move, an all-electric shuttle bus that is the first of its kind to be built entirely in Kenya.

Swedish automaker Volvo Cars and Egyptian bus manufacturer Manufacturing Commercial Vehicles (MCV) have signed an agreement to manufacture electric bus bodies in Egypt for export to Europe.

Egyptian fintech startup Qardy has announced a strategic partnership with microfinance company Sandah to provide micro, small, and medium enterprises (MSMEs) with greater access to financing.

Joliba Capital, a private equity firm focused on investing in SMEs in West Africa, has announced the first close of its Joliba Fund I at $59m.

Interswitch, a leading payments company in Nigeria, has partnered with Google Pay to bring the popular mobile payment service to Nigeria.

AltSchool Africa, a leading provider of creative and business education in Africa, has launched two new schools in Lagos and Abuja.

The United Arab Emirates (UAE) has pledged $4.5 billion to help African countries transition to clean energy.

Itana, a Nigerian startup that is building Africa’s first Digital Free Zone, has raised $2 million in pre-seed funding.

Google has announced the appointment of Alex Okosi as Managing Director for Africa.

Asaak, a leading Ugandan fintech company, has acquired FlexClub, a Mexican startup that provides car financing for Uber drivers.

Ride-hailing giant Uber has launched an electric motorbike service in Kenya, its first in Africa.

Black Ostrich Ventures, a US-based venture capital firm, has launched a $20 million fund to invest in startups outside of the four major African markets: Nigeria, South Africa, Egypt, and Kenya.

The United States Agency for International Development (USAID) has launched a $49 million healthcare project in Ethiopia.

Moroccan health-tech firm Sobrus has announced a significant expansion into the French market after achieving a remarkable milestone of surpassing $500 million in transaction volumes.

Flat6Labs, Egypt’s premier startup accelerator and seed investor, has announced the launch of an accelerator programme exclusively tailored for construction technology startups.

Moniepoint Inc., a Nigerian fintech company, has received regulatory approval to acquire Kopo Kopo, a Kenyan credit startup. The transaction value has not been disclosed.

Kenyan electric vehicle (EV) manufacturer Basigo has introduced its highly anticipated E9 Kubwa electric bus model.

The 4th edition of the “Future is Female Mentorship Programme” has unveiled its selection of 20 pioneering startups led by women entrepreneurs.

Kenyan startup Lipa Later has entered into a strategic partnership with Mastercard to accelerate the adoption of Buy Now, Pay Later (BNPL) solutions throughout Africa.

Antler, the globally renowned early-stage venture capital firm, is expanding its horizons to North Africa by launching a transformative $60 million early-stage fund.

Bboxx, a leading provider of clean energy solutions, has joined forces with Spiro, a prominent electric mobility company, to accelerate the adoption of electric vehicles (EVs) in three African countries.

Roam, a leading electric mobility firm, has officially inaugurated its state-of-the-art factory in Nairobi. The facility will manufacture 50,000 electric motorbikes annually.

BioNTech, the renowned German biotechnology company, has finalized the acquisition of Tunisia’s artificial intelligence (AI) startup, InstaDeep, in a deal worth $550 million.

Safaricom, Kenya’s leading telecommunications giant, has revealed its ambitious plan to bolster the tech startup ecosystem by launching two new subsidiaries.

AfriLabs, one of Africa’s largest networks of technology and innovation hubs, has joined hands with the United States Department of State to tackle the climate crisis in Africa through entrepreneurship.

Rwanda’s vision for a greener and more sustainable future takes a giant leap forward as BasiGo, a renowned electric vehicle manufacturer, announces its plans to bring electric buses to the streets of Rwanda.

Mastercard has partnered with Alerzo, a fast-growing Nigerian startup, to digitize African SMEs. The collaboration aims to drive financial inclusion and support the growth of the sector.

The funding injection aims to accelerate the expansion of clean energy access across the East Africa region and marks a significant milestone in the company’s mission to drive sustainability and economic growth

Africa50, an investment platform that finances infrastructure projects in Africa, and the International Solar Alliance (ISA), an intergovernmental organization that promotes solar energy in developing countries, have signed a partnership agreement to finance solar energy projects in Africa.

Zambia-based solar energy company, MYSOL, has secured $7.5 million in funding to accelerate the deployment of off-grid solar electrification projects across the country.

The funding will be utilized to expand EastCastle’s telecom towers network across the Democratic Republic of Congo (DRC), bolstering connectivity and improving access to telecommunications services in the country.