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Nigerian fintech startup Zeeh Africa gets funding to consolidate financial data

Ghanaian cleantech startup Kofa secures funding to make clean energy affordable and accessible

Nigerian fintech startup Zeeh Africa has funding to consolidate financial data in a single platform.

Zeeh Africa secured the funding from Tekedia Capital, a firm investing in mainly technology-anchored companies operating in any industry, including finance. Founded in 2022, Zeeh Africa specializes in unifying financial data in one place, offering a comprehensive solution for businesses and individuals.

 

The startup plans to utilize the funds to further develop its cutting-edge financial data consolidation platform, which aims to revolutionize how financial institutions manage and analyze vast amounts of data. By offering a unified solution, Zeeh Africa aims to tackle the challenge of fragmented financial information across various systems and platforms, enabling banks, insurance companies, and other financial institutions to streamline their operations efficiently.

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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.
Makole is an accomplished executive and fund manager making remarkable strides in South Africa’s energy industry.
Irene is a Nigerian entrepreneur and passionate advocate for women’s economic empowerment in Africa.
Muhammad is an accomplished Egyptian entrepreneur and innovator in the education sector.
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Kenya to launch 1 million locally assembled smartphones by July

Kenya to launch 1 million locally assembled smartphones by July

Kenya, a vibrant hub of technological innovation in Africa, has embarked on an ambitious plan to roll out 1 million locally assembled smartphones by July.

The Kenyan government, in collaboration with industry stakeholders, is implementing the comprehensive plan to promote domestic smartphone assembly. “Based on feasibility studies undertaken, we can locally assemble smartphones at a unit cost of about $40. We’ve partnered with the private sector to ensure in the next two months, we can roll out our first consignment of low-cost smartphones,” ICT Cabinet Secretary Eliud Owalo said.

 

This endeavor is driven by the recognition that local production contributes to the national economy, creates employment opportunities, and enables technology transfer and skill development. The move marks a significant milestone in Kenya’s journey towards self-sufficiency and promoting a thriving digital ecosystem.

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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.
Makole is an accomplished executive and fund manager making remarkable strides in South Africa’s energy industry.
Irene is a Nigerian entrepreneur and passionate advocate for women’s economic empowerment in Africa.
Muhammad is an accomplished Egyptian entrepreneur and innovator in the education sector.
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TIZETI and Microsoft partner to bring affordable internet to 5 million people in Ivory Coast

TIZETI and Microsoft partner to bring affordable internet to 5 million people in Ivory Coast

TIZETI, one of the leading internet service providers in West Africa, has partnered with Microsoft to address the challenge of broadband underdevelopment in Côte d’Ivoire.

This collaboration aims to expand affordable and reliable internet access to more than 5 million people across the country, fostering digital inclusion and driving economic growth. Côte d’Ivoire, like many other African nations, faces challenges in providing widespread access to high-quality and affordable internet connectivity.

 

Recognizing this opportunity, Tizeti and Microsoft have joined forces to bridge the digital divide and empower individuals, businesses, and communities with seamless internet access. As part of the partnership, Tizeti will leverage its expertise in deploying cost-effective solar-powered Wi-Fi towers and its innovative “Complimentary Wi-Fi” model to provide affordable internet connectivity to underserved areas of Côte d’Ivoire.

 

Microsoft’s support will enable Tizeti to scale its operations and enhance its network infrastructure, ensuring that more communities can benefit from reliable broadband access. This partnership is expected to facilitate the implementation of digital initiatives in various sectors, such as education, healthcare, agriculture, and e-commerce, unlocking new opportunities for growth and development.

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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.
Makole is an accomplished executive and fund manager making remarkable strides in South Africa’s energy industry.
Irene is a Nigerian entrepreneur and passionate advocate for women’s economic empowerment in Africa.
Muhammad is an accomplished Egyptian entrepreneur and innovator in the education sector.
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Khazna Data Centers and Benya Group team up to build a $250 million state-of-the-art data centre in Egypt

Khazna Data Centers and Benya Group team up to build a $250 million state-of-the-art data centerin Egypt

Khazna Data Centers and Benya Group have teamed up to build a $250 million large-scale data centre in Egypt.

The project aims to establish one of the largest data centres in the region, equipped with state-of-the-art facilities and cutting-edge technology.

The collaboration promises to unlock vast possibilities for Egypt’s booming digital economy and strengthen the nation’s position as a regional technology hub. With data consumption skyrocketing, this expansive data centre will cater to the escalating needs of businesses, organizations, and individuals, offering secure and reliable data storage and processing capabilities. The centre will have a capacity of 25 megawatts (MW) that is expected to double to 50 MW as expansion plans are implemented. The project aims to meet the region’s underserved data markets.

 

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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.
Makole is an accomplished executive and fund manager making remarkable strides in South Africa’s energy industry.
Irene is a Nigerian entrepreneur and passionate advocate for women’s economic empowerment in Africa.
Muhammad is an accomplished Egyptian entrepreneur and innovator in the education sector.
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Proparco backs DisrupTech Ventures with $5 million to invest in Egypt’s fintech space

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

Proparco, a leading development finance institution, has invested $5 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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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.
Makole is an accomplished executive and fund manager making remarkable strides in South Africa’s energy industry.
Irene is a Nigerian entrepreneur and passionate advocate for women’s economic empowerment in Africa.
Muhammad is an accomplished Egyptian entrepreneur and innovator in the education sector.
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Prosper Africa launches trade alliance to drive e-commerce in Africa

Prosper Africa launches trade alliance to drive
e-commerce in Africa

The alliance is set to bring together some of the continent’s top tech firms, entrepreneurs and investors to help accelerate the growth of e-commerce and digital trade.

With the advent of technology, e-commerce and digital trade have become increasingly crucial for businesses looking to expand their reach and tap into new markets. The Prosper Africa tech alliance is set up to help African businesses leverage these technologies to grow and succeed in today’s digital economy. 

Prosper Africa has been working to strengthen trade and investment ties between the United States and Africa since its launch in 2021. The new tech alliance was launched on the sidelines of the Africa Fintech Summit.

Google, Mastercard, DHL, UPS, FedEx, Payppal, Youredi, VTEXT, eCommerce Institute, Celo Foundation, Interswitch Group, King & Spalding, Hello Tractor, The Africa Talent Company and Nextrade Group are among the alliance’s inaugural members.

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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.
Makole is an accomplished executive and fund manager making remarkable strides in South Africa’s energy industry.
Irene is a Nigerian entrepreneur and passionate advocate for women’s economic empowerment in Africa.
Muhammad is an accomplished Egyptian entrepreneur and innovator in the education sector.