Orca, a South African startup specializing in fraud prevention for banks and fintechs in emerging markets, has successfully raised a $550,000 pre-seed round to further develop their innovative solutions. The round was led by Norrsken22, with participation from First Circle Capital, Musha Ventures, Kara Ventures, strategic business angels, and supportive family and friends.
Safaricom, in partnership with M-PESA Africa and Sumitomo Corporation, has unveiled the nine promising startups selected for the Spark Accelerator Program. Focused on accelerating early-stage startups in the fintech and content space, the program aims to support these innovative businesses in scaling and growing.
Orange, through its Orange Ventures arm, is significantly expanding its support for African tech start-ups, helping them navigate and thrive in a rapidly evolving digital landscape. This strategic move underscores Orange’s commitment to fostering innovation and entrepreneurship across the continent.
Kenyan cybersecurity firm Kristel has expanded its footprint to Rwanda, Ethiopia, and Uganda to meet the increasing demand for cybersecurity services in the region. This expansion was announced during the unveiling of Kristel’s new look at Royal Tulip Canaan Hotel.
oday, the U.S. Trade and Development Agency (USTDA) signed a grant agreement with Kenyan technology company Semiconductor Technologies Limited (STL) for a feasibility study to develop a new semiconductor fabrication facility.
The University of Nairobi (UoN) is poised to establish an Artificial Intelligence (AI) school, marking a significant step towards creating skilled manpower for the future. Speaking on Citizen TV, UoN Chancellor Prof. Patrick Verkooijen announced that the university will soon offer the first-ever AI master’s degree, aimed at equipping students with cutting-edge skills in this transformative field.
MTN Chairman, Mcebisi Jonas, highlights Africa’s digital infrastructure investment plan, projecting over $12 billion by 2030.
The Malawi Communications Regulatory Authority (MACRA), through the innovative Connect-A-School (CAS) project, is set to build over 100 ICT laboratories in schools nationwide. Sponsored by the Universal Service Fund (USF), this initiative aims to revolutionize education with cutting-edge technology.
