African startup Article / startup Blog

ITIDA, USAID, and AmCham look to strengthen the thriving startup and enterpreneurship ecosystem in Egypt

The Information Technology Industry Development Agency has taken part in a symposium organized by USAID, ITIDA, and AmCham which looks to empower Egypt's thriving startup and business environment by laying emphasis on the best practices and governance in venture capital. The symposium comprised ITIDA's CEO Eng. Amr Mahfouz, USAID Egypt's Director Ms. Leslie Reed, ITIDA's VP Dr. Hossam Osman, Chief of Party of the EGA Mr. Hermann Thiel, and the Mr. P

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Kenya AI startup receives pre-seed round investment from EchoVC

EchoVC proudly announces a pre-seed investment into KOSA.ai - an AI-driven startup running an automated responsible platform that supports enterprises in building and deploying AI systems. The raise also drew participation from APX, Dale Mathias, TheContinent Venture Partners, Fine Day Ventures, and Arch Capital. Artificial Intelligence (AI) technology affects both consumers and enterprises in a manner never imagined before by humanity - creating one of the greatest economic opportun

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ITIDA disburses $4.5M in export incentives toward Egypt ICT companies

On July 26, the Information Technology Industry Development Agency announced the disbursement of the 2019 Export-IT cash rebate on ICT exports supplied by local ICT companies. The total amount for the rebate's 11th round is $4.5M (70m EGP) - paid to 131 companies of 137 that have made applied this year. Amr Mahfouz, ITIDA's CEO described the Export IT program as part of ITIDA's strategy of boosting Egypt's IT exports, increase competitiveness, and enable expansion and access t

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SA women ICT enterpreneurs to be empowered in CSG partnership with Cape Innovation and Technology Initiative

CSG has announced a partnership with Cape Innovation Technology Initiative (CiTi) - one of the country's oldest tech incubators - to expand the organization's nationwide Women in Business program that is part of the commitment by CSG South Africa to defy social norms by offering tech skills alongside the Broad-Based Black Economic Empowerment. This women-in-business program supports female entrepreneurs in their adoption and implementation of digital platforms that upskill their tech

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MVX partners with PayHippo to support SMEs with trade finance

We earlier covered the pivot by Nigeria's MVX Transit, a digital freight and haulage company to MVX. Often regarded as Africa's " Uber for Ships ," the company has set its bet on international trade. As a maritime tech startup, MVX now has a presence in South Africa, Kenya, Ghana, Rwanda, and Tanzania. The platform is also introducing embedded trade finance services on its platform. MVX has now partnered with PayHippo to expand trade finance opportunities for SMEs across Nigeria. Thi

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Egypt gaming marketplace GamesBandy receives $40K investment

GamesBandy has received $40,000 in grant funding from MENA Saudi startup accelerator Taqadam . This is only four months after earlier receiving an undisclosed seed funding from Tamkeen and Flat6Labs. GamesBandy will channel the grant towards revamping its platform to support more games, expand the user base, and geographical reach. The deal includes 6 months of mentorship, training, and zero-equity funding from Taqadam. GamesBandy was founded by Abdulrahman Aboshamah in 2020 and tout

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Global? ?fintech? ?Xero? ?releases? ?VAT? ?tools? ?for? ?SA? ?SMMEs? ?

Leading accounting SaaS company Xero has announced the release of new VAT eFiling tools as part of Xeros existing suite of cloud offerings, making it SAs first end-to-end VAT solution. Xero was founded in 2006 in Wellington, New Zealand and expanded to SA in 2016. Colin Timmis , Xero SA Country Manager, explained to Ventureburn that SA SMME owners time comes at a premium and failure to pay attention to accounting issues can be the downfall for any business. Xero - makin

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25 tech startups chosen for the 2nd edition of The Future is Female Mentorship Programme

25 female-founded tech startups have been chosen for the second edition of The Future is Female Mentorship program comprising of a PR Communications mentorship initiative exclusively dedicated to female tech founders across Africa. C. Moore Media , a New York-based PR firm fixated on the US, UK, and Africa markets received over 180 applications for its second edition from 26 African countries. As businesses reel from the global pandemic, CMM is looking to assist the least supported g

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BlueAvo - disrupting recruitment in SAs media industry

SA-based creatives' recruitment offering BlueAvo was officially launched in March 2021 to help talented African creatives connect with prospective employers. Co-founder Indira Tsengiwe described the platform to Ventureburn. BlueAvo provides unbiased access to a pipeline of commercial opportunities to one of the biggest economic sectors on the African continent - the creative industry. The technology empowers hidden talent to be discovered at the click of a button, enabling anyone, a

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Egypt's GoodsMart raises $3.6 million to grow its contactless grocery delivery platform

Cairo-based grocery delivery platform GoodsMart has raised $3.6 million in fresh funds in a round led by Sawari Ventures, it announced today. The startup has previously raised money from Algebra Ventures in two rounds. Launched in 2014, GoodsMart enables users in West Cairo to order groceries using its mobile app. On the surface, it may look like any other grocery delivery startup but the overall user experience and operating model GoodsMart has is completely different. Its grocery d

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UNCDF Agritech Challenge 2021 open for innovative Agritech solutions

The United Nations Capital Development Fund has partnered with Atal Innovation Mission , Bill Melinda Gates Foundation , and the Rabo Foundation to launch the Agritech Challenge 2021. This should address issues faced by smallholder farmers around climate change, productivity, and supply chains. The same applies to working alongside international partners Bayer and International Fund for Agricultural Development ( IFAD ). Preeti Sinha, the UNCDF Executive Secretary said that UNCDF wou

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Kibanda TopUp partners with Carbon to give African restaurants short-term working capital

Kibanda TopUp , a B2B platform connecting restaurants to their suppliers, has partnered with Africa's largest digital bank Carbon to offer small and medium-sized restaurants with short-term financing. This is in response to the market gap for unsecured working capital loans in the restaurant industry in Africa. Traditional lenders lack the tools, data, or infrastructure to offer short-term lending to the sector. The startup is hoping that the new initiative will solve some of the unc

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