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Egypt fintech MNT-Halan raises $120M

MNT-Halan the Egypt-based multi-integrated FinTech ecosystem and debt solutions provider has completed a successful $120M funding round led by key regional and international investors among them Development Partners International (DPI) , Apis Growth Fund II , and Lorax Capital Partners . The round attracted further participation from Endeavor Catalyst , Middle East Venture Partners , and DisruptTech . Founded in 2018, MNT-Halan brings seamless financial services to the underserved an

article : Startups
Egypt tech startup secures $15-million investment

Cairo-based B2B eCommerce platform and tech startup MaxAB has secured $15-million in investment funding from a previous undisclosed investor. In addition, the rapidly growing tech startup has announced the acquisition of WaystoCap , a Morocco-based B2B eCommerce and distribution platform that connects retailers with suppliers across Africa. According to reports, the acquisition will help the tech startup to accelerate its expansion into the Maghreb market which will be supplemented

article : Crowdfunding
Mastercard Foundation and University of Rwanda announce $55M partnership

The Mastercard Foundatio n has teamed with the University of Rwanda in announcing a decades-long $55 million partnership to deliver higher education access for over 1200 Africans. A key focus will go towards women pursuing STEM, the disabled, refugees, and displaced youth. the Mastercard Foundation Scholars Program was launched in 2012 and is part of the Mastercard Foundation Scholars Program. It is committed to developing the next generation of transformative African leaders by equi

article : Startups
The 1001 Female Entrepreneurs project

The Khadija RA Initiative to Empower 1001 Female Entrepreneurs: World's Largest Cohort, Incubation Acceleration Program Launched by Halal Angels Network Inspired by 1001 Arabian Nights as every female entrepreneur has a story to tell A global platform for female entrepreneurs to showcase their ideas business Aimed to boost female entrepreneurs' participation in the economy PUNE-INDIA/CHICAGO-USA The Khadija RA Initiat

article : Startups
SA logistics startup supports breast cancer awareness initiative

Local logistics startup Pargo has announced its partnership and support of the Avon Justine iThemba Walkathon, an annual event dedicated to breast cancer awareness month. Michaela Gabriel, Head of Marketing at Pargo comments on the partnership and the startup's involvement in the initiative. It is an absolute privilege to partner with Avon for such an amazing cause. Our extensive network of pickup points, located in popular stores like Clicks, allow entrants to easily c

article : Startups
54gene Closes $25M Series B to Advance Global Drug Discovery Capabilities

54gene , the health technology company advancing African genomics research for improved global health outcomes, has secured $25M in a Series B round, led by Cathay AfricInvest Innovation Fund. The round also included participation from Adjuvant Capital, KdT Ventures, Plexo Capital, Endeavor Capital, Ingressive Capital and others. This round brings the companys total investment to date to more than $45M since being founded in 2019. The new capital raised will be deployed to expand 54g

article : Mixed
Liquid Intelligent Technologies connects the DRC and Congo Brazzaville with high-speed connectivity

Liquid Intelligent Technologies , is now delivering affordable high-speed connectivity to communities in Kinshasa, Democratic Republic of Congo (DRC) using state-of-the-art Wireless Optical Communication technology (WOC) from Project Taara at X, Alphabets moonshot factory. This achievement marks a robust high-capacity communications bridge between Kinshasa and Congo Brazzaville. Despite being just 4.8 kilometres apart, internet is more expensive in Kinshasa than in Brazzaville. The r

article : Mixed
SD Times news digest: Confluent announces new data governance solution, Appian announces new version of low code platform, and Builder.ai introduces b

Confluent announced Stream Governance to address unsolved data privacy and regulatory issues surrounding real-time, event-driven data. Distributed teams will now have quick and easy access to the data thats critical to developing more real-time applications and business operations all while maintaining security and privacy. With the sharp rise of real-time data, the need for governance over data in motion is more critical than ever, said Stewart Bond, research director of data integration and da

article : Mixed
SD Times news digest: Android for Cars App Library 1.1, MariaDB announces a technical preview of NoSQL listener capability, and Rezilion funding

Today, Android announced the release of the beta version of Android for Cars App Library version 1.1. Android Auto apps using features like map interactivity, vehicles hardware data, multiple-length text, log message, and sign-in templates, can now be utilized in cars in cars with Android Auto 6.7+. With this, Android also completes the transition to Jetpack and will no longer be accepting submissions built with the closed source library. For an entire list of the beta updates, please see the re

article : Mixed
$100M innovation fund to fuel tech investments across Africa

The Global Innovation Initiative Group (GIIG) stands out as an investment vehicle supporting early-stage tech startups by establishing a new fund aimed at investing in early tech innovations startups across Africa. The curacao-based private investment fund, GIIG Africa Fund, invested annually in winner pools across the Africa region of the Global Startup Awards (GSA) - the world's largest startup ecosystem competition. GIIG aims to stimulate new industries, increase cross-border coll

article : Startups
Mastercard Foundation and University of Rwanda announce $55M partnership

The Mastercard Foundatio n has teamed with the University of Rwanda in announcing a decades-long $55 million partnership to deliver higher education access for over 1200 Africans. A key focus will go towards women pursuing STEM, the disabled, refugees, and displaced youth. the Mastercard Foundation Scholars Program was launched in 2012 and is part of the Mastercard Foundation Scholars Program. It is committed to developing the next generation of transformative African leaders by equi

article : Startups
The City of Cape Town say it's committed to supporting job growth

The City of Cape Town has announced that it is increasing its efforts to support the startup and enterprise sector to spur on job growth and creation in the Mother City. James Vos, the City of Cape Town's Mayco member for Economic opportunities and tourism shared that the city is focused on continuing its effort to support economic growth and job creation especially after the devastating impacts of the pandemic. "An integral aspect of our plans is the continued support

article : Startups