UM6P and STATION F have launched the NextAfrica program to support startups focused on Greentech, Agritech, and Healthtech. This collaboration aims to bridge Europe and Africa, providing mentorship, funding, and resources to international startups looking to enter African markets. The program will foster innovation and address key regional challenges.
Eyouth has partnered with EDT&Partners in a US$6 million initiative to equip one million youth in Africa and the Middle East with digital skills. The program will focus on areas such as AI, programming, data analysis, and digital marketing, leveraging Eyouth’s platform and EDT&Partners’ educational technologies.
Lyca Mobile Group is accelerating its expansion across Africa, with plans to expand beyond Uganda and Tunisia in 2025. This expansion aims to improve operational efficiency and adaptability, benefiting customers, partners, and employees while addressing the growing demand for affordable mobile services on the continent.
At the 8th REFRAM conference, HACA President Latifa Akharbach emphasized the need for digital platforms to take accountability for content moderation and user protection. She expressed concern over relaxed rules, particularly affecting African users, and called for greater commitment to fighting disinformation. A leadership transition marked the conference’s conclusion.
SC Ventures, Standard Chartered’s innovation, fintech investment and ventures arm, and Yabx Technologies (Netherlands) B.V., a company of Tech Mahindra…
SeamlessHR, a Nigerian HR tech startup, has raised $9 million in funding, bringing its total to $20 million. This investment, backed by the Gates Foundation and Helios Digital Ventures, will help the company expand across Africa, enhance workforce productivity, and provide financial security for employees through embedded finance tools.
Wajeez, a logistics startup, has expanded from smaller cities in eastern Algeria to the capital, Algiers, and is now planning to grow across Africa. The platform, offering food delivery and personalized shopping, includes features like loyalty programs and Wajeez Gold subscription for exclusive benefits. It has also expanded to Senegal.
Sequence Ventures plans to launch a $50 million “Africa Deep Tech” fund by 2026, focusing on emerging technologies in sectors like healthcare, agriculture, and climate. They aim to close their EGP 500 million “SV Deep Tech Investment” fund by Q1 this year, targeting 20 deals over two years.
A recent report indicates that Africa lost over $1.5 billion in 2024 due to internet shutdowns and social media bans, accounting for 20% of the global economic loss from digital outages. The shutdowns were linked to political tensions, protests, and conflicts, with 12 African nations affected.
Africa’s gaming industry is set to reach $1 billion in revenue in 2024, with mobile gaming driving nearly 90% of the market. South Africa leads, while Nigeria shows the most growth. The region also sees a rise in game studios, particularly in West, Southern, and East Africa.
