Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
Algeria has launched a USD 1 billion innovation fund to boost African startups and promote regional digital and economic integration, extending its national startup success to a continental scale.
Madica has invested $200K each in Tunisia’s Anavid and Morocco’s Hypeo AI, extending support for early-stage African innovators and promoting inclusive, AI-driven entrepreneurship across the continent.
The 4th African Startup Conference will gather 200 startups in Algiers this December, highlighting Algeria’s innovation leadership and startup financing reforms. Backed by President Tebboune, the event aims to attract investors and strengthen Africa’s entrepreneurial cooperation.
Day 4 of GITEX Nigeria 2025 spotlighted founders, investors, and policymakers through sessions on startups, the future economy, and Africa’s digital growth. Highlights included the Supernova Challenge Finals, dynamic exhibitions, and networking opportunities, culminating in awards recognizing innovation across AI, fintech, healthtech, agritech, and edtech.
Orange Middle East and Africa and risingSUD have partnered to support African startups’ expansion into Southern France via the Orange Digital Center network. The collaboration provides tailored support and resources to foster growth, connecting innovation ecosystems across continents and strengthening economic ties between Africa, the Middle East, and Europe.
African startups like Soil Regen Guy, Afrisoul, LiquidGold, Arumloo, and FOST are pioneering affordable, scalable water-saving technologies to tackle the continent’s water scarcity crisis. Their solutions target smallholder farmers, schools, communities, and large farms, combining innovation with local relevance to conserve water, boost agricultural productivity, and improve sanitation.
LoftyInc Capital Management has secured $43 million for its LoftyInc Alpha Fund to support emerging tech startups across Africa, focusing on key markets such as Nigeria, Egypt, and Kenya. The fund will invest in health tech, deep tech, and AI sectors, with at least 30% allocated to East and North Africa.
ToumAI, an African startup based in Morocco, is revolutionizing AI by focusing on under-resourced African languages. It collaborates with businesses in telecom, banking, and customer service to develop AI-driven voice solutions that understand local dialects and help bridge literacy gaps, driving digital inclusion and customer experience improvements in emerging markets.
Madica has invested $800,000 in four African startups, providing $200,000 to each. The startups focus on healthtech, femtech, e-mobility, and AI. With this round of funding, Madica aims to support high-growth businesses, emphasizing gender diversity in leadership and expansion into North Africa, targeting profitable exits.