Nigeria launches AI research scheme to support start-ups

Nigeria has established an Artificial Intelligence (AI) Research Scheme to provide financial assistance to businesses and researchers focusing on AI. This initiative will award funds to 45 qualified start-ups and researchers to help their projects progress. The initiative was announced by Bosun Tijani, the minister of communications, innovation, and digital economy, when he opened it...

SA start-up to drive AI contract management into Africa

Contract Understanding, a South African start-up, has announced ambitions to expand across the rest of the continent following the launch of an artificial intelligence (AI)-powered Software-as-a-Service solution to assist businesses handle post-signature contracts. The solution is intended to assist organisations in storing, organising, and managing post-signature contracts. It collects crucial data from contracts in order...

Google selects start-ups for Africa AI Accelerator programme

Google announced the inaugural cohort of its inaugural ‘Google for Start-ups Accelerator: AI First’ programme, yesterday. The selected 11 firms are addressing both Africa’s concerns and bigger global issues with artificial intelligence. A McKinsey analysis forecasts that AI could add $1.3 trillion to Africa’s GDP by 2030, highlighting its revolutionary power for the continent. Against...

Africa: Google Announces 11 African Startups for Artificial Intelligence (AI) First Programme

The 11 startups were picked from a vast pool of innovative talents using cutting-edge Artificial Intelligence (AI). Google on Thursday announced 11 African startups for the first cohort of its “Google for Startups Accelerator: AI First” programme. The Head of Startup Ecosystem, Africa, Folarin Aiyegbusi, said in a statement that the 11 startups were picked...

African start-up funding drops

The total amount of funding raised by African tech start-ups in the third quarter of 2023 reached $492 million, which takes the total for the year to date to $1.4 billion. However, that’s down 48%, year-on-year, says Disrupt Africa. The data from the report shows that while Africa has experienced a growth in investments over...

Founders Factory Africa secures $114 million to serve African tech ecosystem

South Africa-based venture builder, Founders Factory Africa has secured an additional $114 million in funding to scale its hybrid tech startups investment model across the continent. This latest investment came from the Mastercard Foundation and Johnson & Johnson Impact Ventures, an impact fund within the Johnson & Johnson Foundation. It follows on from previous investments into...

Safaricom plans to set up two venture capital subsidiaries to invest in tech start-ups in Kenya

 Safaricom had already launched an investment fund in 2014 called Spark Venture Fund. The fund initially invested $1 million in six Kenyan mobile tech start-ups. He received an additional $5 million in 2020 to invest in other start-ups. Kenyan telecommunications company Safaricom plans to set up two venture capital firms to invest in early-stage and growth-stage Kenyan...

12 African tech ventures seek UK investment

On Friday, 12 tech ventures from Africa will showcase investment opportunities to investors, corporates and industry experts at the Africa Tech Summit London, held at the London Stock Exchange. Ventures from Nigeria, Kenya, Tanzania, South Africa, Egypt, and Zambia will seek to raise between $ 1 million to $ 15 million to expand and drive...

African Unicorns, the first event dedicated to future African unicorns is launched in Morocco

African Unicorns , the first event that identifies future African unicorns, will hold its first edition, in Casablanca, at the Sofitel, on April 27. In 2016, Africa registered its first unicorn. Today, the continent has nearly a dozen. The African continent has seen the creation of a real ecosystem of start-ups, the number of which, in recent years,...

African startups in spotlight at world’s biggest mobile event

Six African tech companies showed how they’re expanding access to financial services and marketing Six African startups showcased their businesses at the Mobile World Congress, the globe’s biggest connectivity event.  The event in Barcelona gathered more than 88,500 telecom operators, entrepreneurs, corporations, and public institutions to network and create meaningful partnerships through connectivity.  GSMA, which...

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