Madica, an early-stage investment program, has invested a total of $600,000 across three African startups—Kilimo Fresh Foods Africa Inc., Hakimu, and Biovana—as part of its mission to support underrepresented founders on the continent. Each startup will receive up to $200,000 in pre-seed funding and will participate in Madica’s 18-month support program, which includes mentorship, executive…
UNICEF has announced plans to provide high-speed internet to up to 500,000 schools and essential public facilities across Africa. The initiative aims to bridge the continent’s digital divide by connecting children and communities in rural and low-income areas, where limited connectivity has historically restricted access to digital education and economic opportunities. The programme will consolidate…
The Meta Llama Impact Accelerator 2025 has announced its support for 12 groundbreaking AI startups across Nigeria, Senegal, Kenya, and South Africa, underscoring Meta’s commitment to nurturing Africa’s next generation of AI innovators. Each of the four countries hosted a Demo Day that showcased solutions designed to solve pressing challenges in healthcare, education, agriculture, and…
Jem HR has taken a bold step toward bridging South Africa’s digital inequality gap with the launch of Jem Mobile, a mobile service designed to make data and smartphone access affordable for frontline workers. With prepaid data costing the equivalent of three hours of work for just 1GB, millions of low-wage earners have been disproportionately…
MTC Namibia has partnered with the Bank of Namibia and key industry stakeholders to advance the Fintech Youth Programme, a strategic initiative aimed at nurturing youth-driven innovation in the digital finance sector. This collaboration represents a significant step in strengthening Namibia’s fintech ecosystem by empowering young entrepreneurs with the tools and support needed to develop…
PAYDAY, a Tunisian fintech and insurtech startup, has successfully secured its first pre-seed funding round led by UGFS North Africa, with participation from TALYS Group and BioProtection SA, valuing the company at $3 million. Founded in 2024, PAYDAY is pioneering an integrated model that combines salary-backed financing with micro-Takaful protection, positioning itself at the forefront…
Egyptian fintech company Money Fellows has reached a groundbreaking milestone, surpassing $1.5 billion in total transactions as it continues to redefine traditional savings and lending systems across the region. With over 8 million users and more than 2 million rotating savings groups completed, the platform has successfully digitized Egypt’s popular Rotating Savings and Credit Associations…
South African AI innovation is stepping onto the global stage as Locstat secures EUR2.5 million (US$2.3 million) in pre-Series A funding to accelerate its expansion into the United Kingdom and the European Union. This strategic investment, led by Portugal Gateway Fund (PGF) and ANZA Capital, will power Locstat’s go-to-market strategy and reinforce its position in…
