VISA TO USE $100M SEED FOR GENERATIVE AI STARTUPS IN AFRICA

Visa has revealed a new 100-million-dollar program named Generative AI Ventures to invest in the coming wave of businesses operating to establish generative AI...

STEARS TRANSITIONS FROM B2C TO B2B MODEL, OFFERING ENHANCED INTELLIGENCE SOLUTIONS FOR AFRICAN MARKETS

In a strategic shift, Stears, the renowned pan-African source for economic and industry data and insights, has pivoted from a B2C (Business-to-Consumer) approach to...

RIBBIT CAPITAL LEADS SERIES A EXTENSION FOR SOUTH AFRICAN COMPANY, STICH, TO RAISE $25M

A South African fintech, Stich, has recently received funds in the sum of $25 million in a Series A extension controlled by Ribbit Capital....

TECHSTARS TORONTO ACCELERATOR PROGRAM SELECTS 10 AFRICAN STARTUPS

Ten African startups have been chosen amongst 24 companies for Techstars Toronto, an acclaimed accelerator program, for its 2023 summer cohort. This edition of...

MDOC AND PHARMARUN AMONG 5 AFRICAN STARTUPS CHOSEN FOR GOOGLE AI FOR HEALTH INITIATIVE

Nigeria’s mDoc and PharmaRun are among 5 African startups featured in the 2023 Google for Startups Growth Academy AI for Health program. These startups...

KENYA-BASED VC FIRM, ENZA CAPITAL, CLOSES $58M ACROSS FUNDS FOR ITS FOUNDER PARTNER PROGRAM

About $58 million has been raised across two funds by Enza Capital, a venture capital firm based in Nairobi Kenya. This firm supports startups...

PAN-AFRICAN CONTRARIAN INVESTOR, P1 VENTURES, REACHES $25M FIRST CLOSE FOR ITS SECOND FUND

A sum of $25 million has been earmarked by Pan-African venture capital firm, P1 Ventures, at the first close of its second fund. The...

FLAPMAX SELECTS 12 AFRICAN STARTUPS FOR AI PROGRAM

Twelve companies have been selected for the second cohort of the FAST Accelerator startup program by Flapmax. Flapmax is collaborating with Microsoft to improve...

SOUTH AFRICAN STARTUP, FINANCEGPT, CREATES LOCAL LANGUAGE INTERFACE FOR SIMPLE FINANCIAL SERVICES

FinanceGPT was founded in 2020 by Phiwa Nkambule and Sibo Mkhont; they serve as the CEO and CFO of the company respectively. The startup...
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