Amini Corp, a climate tech business based in Kenya, has raised $4 million in seed capital. Salesforce Ventures, Salesforce’s worldwide investment arm, and Female Founders Fund, a seed stage venture fund that only invests in female-founded firms, led the round. Amini is a female-led start-up that uses AI and satellite technologies to help close Africa’s...
Kenya’s President William Ruto has committed to sign the Start-up Bill 2022 into law, which is intended to improve the country’s startup sector. The president stated during Kenya Innovation Week that he will sign the bill into law by April of next year. “By March, or April next year, we will have a firm startup...
The National Information Technology Development Agency (NITDA) has signed a Memorandum of Understanding in collaboration with an incubator Venture Garden Group (VGG) to set up the Nigerian start-up assistance and engagement platform. This pact was signed on the first day of the recently finished Global Tech Africa (GTA) Conference, which was held in Lagos, Nigeria...
Safaricom had already launched an investment fund in 2014 called Spark Venture Fund. As it seeks to evolve from its current status as a telecoms company to a technology company, the company wants to go beyond just injecting capital. The Kenyan telecommunications company Safaricom announced on Wednesday, November 8, that it had launched a program called...
TANZANIA Communications Regulatory Authority (TCRA) has teamed up with Tanzania Commission for Science and Technology (COSTECH) and communication service providers, to offer essential communication resources freely. This groundbreaking initiative is aimed at propelling the growth of digital technology startups and fostering innovative solutions to community challenges “The collaborative effort seeks to nurture the burgeoning landscape...
