Nouabalé-Ndoki National Park is officially the world's first certified gorilla-friendly park. The achievement not only sets up the park, situated in Congo Republic, for more funding but also highlights the growth of public-private partnerships in wildlife conservation.
Egyptian fintech startup MoneyHash has raised funding from GitHub founder Tom Preston-Werner as part of a soon-to-be-announced seed round.
Founded in late 2020 by Nader Abdelrazik, Mustafa Eid and Anisha Sekar, MoneyHash provides a unified checkout experience built on top of a secure super-API that aggregates payment and fintech solutions through a single integration, as well as a central dashboard consolidating technical infrastructure and centralising data and operational reporting.
Visitors to this year's edition of the Folklore Festival were wowed by performances by Sho Madjozi, Vusi Mahlaesla and many others - but this year's extended celebration of African Folklore also set out to appeal to younger audiences.
Open banking, in which traditional banks release their data via application programming interfaces (APIs) to enable the development of new financial services for their consumers, has been one of the most significant disruptions in global payments over the past decade. Less than five years ago, this innovation, in which businesses use APIs to access customers’ financial accounts and provide an array of integrated and embedded financial services, took on in Africa.
It took Wuraola Onyeku about three weeks to realise that her partner was logged in to her WhatsApp account on his desktop. The first time she opened her WhatsApp after a night out with her friends to find herself in the middle of a conversation she couldn’t remember typing, she blamed the alcohol. The second time it happened, she blamed her poor memory on fatigue as she didn’t drink any alcohol.
“I was always getting responses to messages I couldn’t remember sending, and at a point, I strongly believed I had a health condition that made me forget things easily,” she shared.
Nigerian cryptocurrency startup KoinWa has launched web3 education platform EduBlok in a bid to empower university and college students with relevant skills. KoinWa, which allows users to buy and sell cryptocurrencies, was in June one of 25 African fintech startups selected for the inaugural Amazon Web Services (AWS) FinTech Africa Accelerator cohort.
Tech startup founders face a series of challenges on the path to success. When do they finally get to reap their rewards? The thing with arguments like how much a founder should earn is, it is subjective. We can speculate and harmonise based on an industry standard but who sets it anyway? If indeed there is a standard for how much a founder should earn, it is still subjective and mostly dependent on the founder to set.
African tech startups raised US$492,418,000 in Q3 2023, taking the total for the first nine months of the year to US$1.4 billion, down 48 per cent on the corresponding period in 2022 as the global capital crunch continues to impact the continent’s startup sector.
Enza Capital, a venture capital firm that backs startups “organizing the offline online” and “digitizing key African industries,” has closed $58 million across two funds. In 2019, the company launched an early-stage fund to “find, back, and help build category-defining startups” in the pre-seed and seed stages. The fund is still active and has invested in fintech, logistics, health, human capital and climate tech companies. Enza Capital, which now self-describes as a multi-stage investor due to its larger follow-on investments to Series B, is still focused on these industries in its second fund launched this year.
Anosele Kotu is the founder of Femconnect, a South African femtech that provides access to reproductive healthcare for women. After leaving her job at a software development company, she was determined to not look for employment elsewhere but to focus on working on a vision she’s nursed for a long time, Femconnect.
In just a decade, the number of wind projects in South Africa has rocketed from under 10 to an impressive 34, and their collective capacity has surged to 3,400 MW. This phenomenal growth is poised to repeat itself across the African continent as wind energy rollouts gain momentum.
Kenyan Google Premier partner, Incentro Africa has filed insolvency against Twiga Foods for its failure to remit KES 39 million ($263,691) as payment for Google Cloud Services and Partner Service Funds that it provided.