Google ‘AI First’ Accelerator Has Chosen Garri Logistics and 10 African Other Startups for Its First Cohort
These startups cover a wide range of innovative solutions, from digital healthcare access to AI-driven online storefronts and customer support tools tailored for African SMBs.
Senegalese FMCG Intelligence Startup Lengo AI Raises Seven-Figure Pre-Seed Funds
Lengo AI is the first data-driven operating system for informal retail in Africa. It provides intelligence and highly actionable insights to FMCG brands by collecting data from thousands of corner shops.
Ghanaian Fintech Dash Shuts Down Despite Raising $86.1 million in Five Years
Before Dash fell, the company's founder, Prince Boakye Boampong was suspended as CEO after internal audits showed that Boampong lied and inflated the number of users.
Pan-African Data and Intelligence Company Stears Rethinks Its Business Model
Stears, a Pan-African data and intelligence company is changing its business model from B2C to B2B.
Zambia Joins the List of Starlink’s Internet Enabled African Countries
Starlink was officially launched in Zambia yesterday, October 5. This makes Zambia the sixth country in Africa to have access to the service.
South African Fintech Startup Stitch Secures $25m Series A Extension Round
Stitch processes over 50 million payments annually, and over $2 billion in value, for some of the largest businesses operating in South Africa, including MTN and Multichoice.
Hybrid Solar Company WATT Raises $13m to Fuel Renewable Energy Solutions in Nigeria.
WATT is an independently-owned provider of hybrid solar solutions and delivers hybrid solar solutions with social impact to mobile network operators, financial service providers, and C&I businesses in Africa.
South African Insurtech Startup, Root Secures $1.5M to Boost Global Market Expansion
Root empowers businesses to independently develop and deploy insurance products by simplifying the complexities of insurance through user-friendly APIs.
Google Has Announced a ₦75 Million Hustle Academy Fund to Support Nigerian SMEs
Google has opened applications for an equity-free fund of ₦75 million (US$100,000) through its Hustle Academy, an initiation dedicated to amplifying the growth of Nigerian small and medium-sized enterprises (SMEs).
Nigeria Dominates African Startups in Techstars Toronto’s 2023 Summer Cohort.
Techstars Toronto 2023 summer cohort includes ten African startups out of 24 Startups. Five out of the ten African startups are from Nigeria with most of them being fintechs.