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Winners of Inaugural AYuTe Africa Challenge secure $1.5-million

The winners of the AYuTe Africa Challenge, hosted and conducted by Heifer International, have been announced. The two winners were selected for their innovative services and products that assist the agricultural sector and have been awarded $1.5-million collectively. The winners are as follows: Nnaemeka Ikegwuonu, founder and CEO of ColdHubs, a Nigerian business that provides solar-powered, walk-in coolers for smallholder vegetable farmers Jehiel Oliver, founder

article : Startups
Forge Academy launches prestigious 4IR internship programme

Forge Academy , a 4IR institution that focuses on training development and business incubation, has announced the launch of a prestigious 4IR internship for young unemployed South Africans. Arthur Wade Anderson, CEO of Forge Academy expresses that the field of 4IR is an integral part of society and that the internship provides endless opportunities for selected participants. The 4IR is not just an alternative educational stream. Instead, it needs to become the core arou

article : Startups
City of Cape Town calls for Women in Business programme applicants

The City of Cape Town and Cape Innovation Technology Initiative (CiTi) has put out a call for female entrepreneurs to apply for the Women in Business programme. Applications are now open for a new group of participants. Launched several years ago, the programme has to date supported over 1 000 female entrepreneurs in and around the city. "Women entrepreneurs are significant job creators in South Africa with up to 90% of business-owning women stating in a recen

article : Startups
Egypt's Capiter raises $33 million Series A for its B2B ecommerce marketplace

Cairo-based B2B ecommerce marketplace Capiter has raised $33 million in a Series A round co-led by Quota Capital and MSA Captial, it announced in a statement on Monday. The deal was also joined by Saudi-based FMCG and retailer conglomerate Savola, Shorooq Partners, Foundation Ventures, Accion Venture Lab, and Derayah Ventures. Launched in July 2020, Capiter is led by Mahmoud Nouh who had previously co-founded Egyptian mobility startup Swvl, which has recently announced a $1.5 billion

article : Startups
Pakistani trucking marketplace Truck It In adds $3 million to close its $4.5 million pre-seed

Karachi-headquartered trucking marketplace Truck It In has added $3 million to its pre-seed round in an extension to close the round at $4.5 million, it announced today. In a statement, the startup claimed that it is the largest 'pre-seed round' for any trucking startup in the world. The announcement comes just five months after Truck It In raised $1.5 million. At $4.5 million, it is the largest pre-seed round in the region. The deal was led by existing investors Global Founders Capi

article : Startups
MTN and Flutterwave announce new mobile money partnership

MTN and Flutterwave has announced a mobile money partnership that enables Flutterwave to offer MTN MoMo as an alternative payment method. The partnership allows businesses to integrate Flutterwave in Cameroon, Rwanda, Cote d'Ivoire, Zambia, and Uganda to receive payments through MTN Mobile Money (MoMo). Fintech platform MTN MoMo provides consumers and businesses with an electronic wallet that enables electronic transfers and payments in addition to both digital and financial services

article : Startups
British Teenage Tennis Phenom Emma Raducanu Clinches 2021 US Open Championship!

The 2021 US Open Women's Singles final between 18-year-old Emma Raducanu and 19-year-old Leylah Fernandez was one of the most anticipated Grand Slam tournaments in recent history. It was the first all-teenage final since the 1999 US Open and the first major final men or women since 1968 to feature two unranked players.

article : Social
Broken Access Control is now the highest vulnerability in OWASP Top 10 2021

The latest edition of the OWASP Top 10 showed that all of the highest-priority vulnerabilities since 2017 have shifted and new ones have been introduced. Broken Access Control has dethroned Injection as the top vulnerability, whereas it previously held fifth place. The 34 Common Weakness Enumerations (CWEs) mapped to Broken Access Control had more occurrences in applications than any other category, according to the OWASP Top 10 2021 . Cryptographic Failures (which was previously known as Sensit

article : Mixed
African Infrastructure Investment Managers acquires stake in Sodigaz

Infrastructure focussed private equity fund manager African Infrastructure Investment Managers (AIIM) has acquired a stake in Sodigaz an LPG distributor based in Benin and Burkina Faso through AIIM's pan-African infrastructure fund - AIIF3. Sodigaz and Progaz (Benin subsidiary), distributes LPG cylinders to households purposefully to replace the higher carbon fuel sources when cooking. Sodigaz commands a strong share of the market in Burkina Faso while leveraging on its strong networ

article : Startups
Kenyan tech startup secures $475 000

Nairobi-based tech startup, CashBackApp has secured $475K in a pre-seed funding round led by Lofty Inc, Sherpa Ventures and Loyal VC with participation from several angel investors from the US, UK, Nigeria and Kenya. CashBackApp has secured $475k in pre-seed funding The pre-seed funding secured will be used to help scale the tech startup across the region and into other African countries. In addition, the funding will supplement the optimisation of the tech platfor

article : Crowdfunding
Edtech platform launches university ranking service for SA students

StuDocu , a higher education edtech platform launched a university ranking service for South African students, and this has enabled these students to rank local universities. The overall result of the rankings placed the University of Pretoria in the first place when ranked next to other local university institutions. This is the first time that South Africa has been included in the annual StuDocu World University Ranking . With a reported 100 000 users in South Africa. The ranking

article : Startups
African Infrastructure Investment Managers acquires stake in Sodigaz

Infrastructure focussed private equity fund manager African Infrastructure Investment Managers (AIIM) has acquired a stake in Sodigaz an LPG distributor based in Benin and Burkina Faso through AIIM's pan-African infrastructure fund - AIIF3. Sodigaz and Progaz (Benin subsidiary), distributes LPG cylinders to households purposefully to replace the higher carbon fuel sources when cooking. Sodigaz commands a strong share of the market in Burkina Faso while leveraging on its strong networ

article : Startups