Tag: Investment News
-
African Development Bank and Intel Partner to Train 3 Million Africans in AI
The African Development Bank (AfDB) and tech giant Intel have embarked on a groundbreaking initiative to equip Africa with a powerful force in artificial intelligence (AI).
-
Patoranking Foundation and ALX Africa Partner to Launch $500,000 Tech Scholarship Initiative
African tech training provider ALX Africa has joined forces with the Patoranking Foundation, established by Afrobeats artist Patoranking (Patrick Nnaemeka Okorie), to unveil a significant $500,000 scholarship program.
-
Egyptian Fintech Startup Sahl Secures $6 Million in Funding to Become One-Stop Bill Payment Hub
Egyptian fintech company Sahl has secured $6 million in funding to solidify its position as a one-stop shop for household bills in collaboration with government agencies.
-
Egypt’s i’SUPPLY Secures pre-Series A Funding to Boost Digital Pharmacy Solutions
Egyptian healthtech company i’SUPPLY has secured an undisclosed amount of funding in a pre-Series A round to fuel its expansion plans and bolster its offerings for small and medium-sized pharmacies.
-
Mastercard Invests $2 Million in Partnership with Wowzi, and MDP to Empower African Creators
Mastercard has announced a $2.04 million investment in a partnership with Wowzi, Africa’s leading influencer marketing platform, and Masria Digital Payments (MDP) to empower African creators.
-
EIB Global Invests €25 Million in Amethis Fund III to Empower African Businesses
The European Investment Bank’s (EIB) global development arm, EIB Global, has committed €25 million to Amethis Fund III, a pan-African private equity fund.
-
San Francisco Fintech Elevate Secures $5 Million to Expand Into Africa
Elevate, a fintech company specializing in US banking services for non-resident remote workers, announced today the closing of a $5 million equity-debt pre-Series A funding round led by Negma Ventures, a Dubai-based investment firm.
-
Africa’s “Y Combinator”, Accelerate Africa, Unveils First Cohort of 10 Startups
Accelerate Africa, a new accelerator program designed to propel early-stage African businesses has unveiled its inaugural cohort after four months of operation.
-
Microsoft and Cyber Shujaa Partner to Train 100 Kenyans in Cybersecurity
Microsoft, through its Africa Development Centre (ADC) in Kenya, has joined forces with Cyber Shujaa to upskill 100 Kenyan students in cybersecurity.