Turaco & Flutterwave in Fast Company’s 2024 Most Innovative Companies list, Onafriq and M-PESA partner

Pre-Register Tickets - On Sale Now

After a sold out 2022 and 2023 join us at Africa Tech Summit London for unrivalled insights, exclusive networking and business opportunities with tech leaders and investors in London June 7th.? Pre-register rate tickets are now on sale, sign up today to get your access linkHERE

?? Spotlight on Middle East & North Africa??

Insights and expert views from the panel session on Spotlight on Middle East & North Africa at Africa Tech Summit Nairobi 2024 featuring: Mohamed Briuni, Head of Digital Strategy & Innovation at Royal Air Maroc, Yehia Houry, Chief Programs Officer at Flat6Labs, Heba Abde Al Azeez, Presales Manager at International Turnkey Systems - ITS and moderated by Josie Middleton. Via Africa Tech Summit Watch Now

Turaco soars as first African insurtech on Fast Company’s 2024 Most Innovative Companies list

Turaco , Africa’s leading insurtech providing simple and affordable insurance, has been named on?Fast Company’s annual list of the World’s Most Innovative Companies of 2024. Turaco has earned the standing of No.4 in Europe, Middle East, and Africa. AppsAfrica Read More

Africa begins efforts to regulate AI

The potential impact of embracing AI on the economies of Africa is striking. Predictions indicate that if businesses in just four countries—Nigeria, Ghana, Kenya, and South Africa—start leveraging AI tools more extensively, they could collectively achieve economic gains amounting to as much as $136 billion by the year 2030. Via Tech in Africa Read More

Software Developers - Top the 5 highest-paying jobs in Africa in 2024

According to Glassdoor, software development is a lucrative and high-paying job on the African continent. With the high demand for software development jobs in Africa, African developers are getting full-time jobs that pay as high as $107,731 per year. Via Business Insider Africa Read More

Ghana says repairs on subsea cables could take five weeks

Repairs on damaged subsea cables that are causing internet outages across West and Central Africa are expected to take at least five weeks before completion and full service restoration. Via Reuters ?Read More

Octamile introduces PayCover an AI-powered platform for insurance policy management

In the bid to continue on its trajectory of growth and impact, the company has launched PayCover in collaboration with AZA Insurance Brokers, a Nigerian Insurance company.? Via Benjamindada Read More

Flutterwave named ‘Most Innovative Company’ in Europe, Middle East, Africa

Flutterwave, Africa’s leading payments technology company, has been ranked No. 1 in Fast Company’s Most Innovative Company for Europe, Middle East, and Africa 2024, joining others like Nvidia, Open AI, or Youtube on the list. Via Tribune Read More

?? Web3: Building The Future

Insights and expert views from the panel session on Web3: Building The Future featuring: Shogo Ishida, Co-CEO at EMURGO Middle East & Africa, William Phelps Investment Manager at Adaverse, Yvonne Kagondu, Co Founder at Kushite ICP East Africa Hub, Shodipo Ayomide Vice President of Developer Relations at INTMAX, Matt Crow, Africa Expansion Team at Tether and moderated by MacKenzie Sigalos, Journalist at CNBC. Via Africa Tech Summit ?Watch Now

tappi ’s Collaboration with MTN spurs expansion in Cote d’Ivoire

Building on its rapidly growing operations in Kenya and Nigeria, tappi’s latest country launch will feature an extension of its existing partnership with telecom giant, MTN, marking a significant step forward for the startup’s mission to drive the digitalisation of MSMEs across Africa. Via Africa Money DeFi News Read More

Glovo partners with Visa to support SMEs

Glovo has teamed with digital payments leader, Visa, to empower small-to-medium enterprises (SMEs) through a series of online training courses. The programme sits under Glovo’s umbrella programme, Glovo Local – an initiative to help bolster SMEs so that they can thrive in an increasingly digital world. Via Africa Business Communities Read More

Onafriq and M-PESA Africa sign deal to enhance Ethiopia’s remittance flow

Onafriq, a digital payments service, and M-PESA, the Vodacom and Safaricom-owned mobile phone-based banking services, have signed an International Money Transfer Agreement. Via TechPoint Africa Read More

Nigeria’s Access Bank Plc acquires National Bank of Kenya in its second Kenyan acquisition?

Access Bank will acquire the National Bank of Kenya (NBK) from the KCB Group, its second acquisition of a Kenyan bank in under five years. The acquisition comes after a move to acquire Sidian Bank fell through in 2023. Via TechCabal Read More

Nigerian SEC seeks to raise crypto exchange registration fee

Nigeria’s Securities and Exchange Commission (SEC) has proposed an amendment to the rules guiding platforms offering crypto services, suggesting a hike in the registration fee for crypto exchanges from 30 million naira ($18,620) to 150 million naira ($93,000). Via Cointelegraph Read More

Moove secures USD $100M Series B round?

Moove , the global mobility fintech that democratises access to vehicle ownership for mobility entrepreneurs,?today?announces that it has raised $100 million in a Series B funding round, valuing the company at $750M. Uber invested in the round alongside Mubadala, who led Moove’s previous funding round in 2023. Via AppsAfrica ?Read more

Youverify raises $2.5M to enhance anti-money laundering compliance

Youverify , a leading provider of AI-driven Anti-Money Laundering (AML) solutions, is thrilled to announce a significant investment from Elm, a pioneering digital innovation and solutions company based in Saudi Arabia. Via AppsAfrica ?Read more

Nigerian fintech Zone raises $8.5M seed to scale its decentralized payment infrastructure

The fintech is developing an interoperable payment infrastructure using blockchain technology — known for its ability to scale infinitely — to connect banks and fintech companies, facilitating transaction flow without intermediaries. Via TechCrunch Read more

Ring Capital launches new $55m fund for early-stage impact startups

VC firm Ring Capital has announced the launch of Ring Africa, its impact investment vehicle for French-speaking West Africa, which aims to support young start-ups with a strong social and environmental impact, and has a target of EUR50 million (US$55 million). Via Disrupt Africa ?Read more

Gavi and Seedstars partner for INFUSE 2024 to boost climate-resilient health systems

Gavi, the Vaccine Alliance has joined forces with Switzerland-based company Seedstars, to launch INFUSE 2024, a globally open initiative calling for innovation proposals. The main aims of the initiative are to strengthen health systems against the threats posed by climate change and improve the delivery of immunization programs. Read More

Applications for Irish Tech Challenge now open to South African innovators

Local technology entrepreneurs have an opportunity to showcase their innovations to a global audience with the official launch of the 2024 instalment of the Irish Tech Challenge South Africa. Applications close on 26 April 2024. Read More

AI for Justice: Receive a €10000 grant in the HiiL Justice Accelerator Programme

The HiiL Justice Accelerator is looking for game-changing justice startups and social enterprises in Nigeria, Niger & Burkina Faso to apply for the next cohort of justice entrepreneurs to be admitted into its accelerator program.? Applications close on 4 April 2024. Read More

Bolt launches a €20,000 accelerator program for its drivers in Kenya

Ride-hailing platform Bolt has launched an Accelerator Program for its drivers and riders in Kenya. The program will see the company invest €20,000 (about Kshs 2.92million) seed fund to support business plans developed by Bolt drivers and couriers or their family members that link to sustainable transport. Read More

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