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THE STATE OF FINTECH IN AFRICA The four main fintech hubs are Egypt, Kenya, Nigeria and South Africa. These 4 African countries made up ~85% of the total fintech investments in Africa in 2019 and received ~82% of the total investment in 2020. As these hubs get crowded with more and more fintech solutions as well as more and more capitalists, newer marketshave to be explored
THE SOUTH AFRICAN TECH COMPANY THAT IS BUILDING DRONES FOR In South Africa, a small company known as LighWare is helping global tech giants like Google and Amazon build drones. The company is making giant strides in the production of the lightest and most compact scanning LiDAR unit used in the manufacture of drones. LiDAR is a detection system that works on the principle of radar but uses lightfrom a
E-LEARNING IN AFRICA: INTERNET CONNECTIVITY IS NOT THE According to a 2019 Research and Markets Report, the e-learning market in Africa achieved a value of USD 792 Mn in 2018 and exhibited a CAGR of around 14 percent from 2011 to 2018. According to the study, the market is expected to reach a value of USD 1.8 Bn by 2024. On a regional basis, South Africa, Morocco, Nigeria, Tunisia, and Kenyaemerge
M-PESA FULLY ACQUIRED BY KENYA'S SAFARICOM & SOUTH AFRICA The largest telecommunications company in East Africa, Safaricom, has joined hands with Vodacom to fully acquire M-Pesa — Africa’s foremost and largest mobile money platform. The brand which was bought from Vodafone, claims to have 40 million users and processes over a billion transactions every month. HOW MUCH WOULD YOUTUBE PAY AFRICAN CREATORS FOR A VIDEO Cost Per Thousand (CPM): This simply refers to how much YouTube pays creators for every 1,000 views. It’s also a measure of how much advertisers are willing to pay to advertise on that kind of video. For comedy and prank channels with a lot of viewers of disparate backgrounds and an unspecific audience, the amount is usually USD 2.00to USD 3.00.
HERE'S A FRESH PERSPECTIVE ON HOW MUCH REVENUE NOLLYWOOD Godwin Emefiele, Governor of the CBN, stated that the Creative Industry Initiative, which is aimed at unlocking the creative talents of Nigerian youths, is designed to generate 800,000 jobs in the movie, music and fashion sectors, as well as and increase the revenue of the industry by USD 300 Mn. CO-FOUNDER/FORMER CEO GRANT BROOKE SAYS GOODBYE TO TWIGA Grant Brooke, the co-founder and former CEO of Kenya-based B2B food distribution company, Twiga Foods, has today announced that he is stepping down from active management as of this month, though he will remain on the company’s Board of Directors. In a post published on LinkedIn, Brooke hinted that he’s completely letting go of the reins at Twiga Foods having overseen a smooth WEETRACKER - BUSINESS, STARTUPS & ECONOMY NEWS FROM AFRICAFREE READSTHE AFRICAN CONTEXTSTARTUP AFRICAUBERPITCH Staff Reporter. SA’s eCommerce Industry Is Now Twice Its 2018 Value. Team AfriCo. Deal-Street Africa : World Bank Approves USD 100 Mn Grant, 2 Major Acquisitions, 13 Startups Funded. Staff Reporter. 3 Fintech Deals & Multiple Markets Signal MFS Africa’s “Hub” Ambitions. HSBC ANNOUNCES FINAL CLOSE OF REGIO GEM BOND FUND HSBC Announces Final Close of REGIO Gem Bond Fund. HSBC Asset Management and the International Finance Corporation (IFC) announced the final close of the HSBC Real Economy Green Investment Opportunity GEM Bond Fund (REGIO) at USD 538 Mn to boost access to climate finance, and further development in the green bond market. EVEN AFRICAN COUNTRIES WITH NO LOCKDOWN OR COVID-19 CASESSEE MORE ONWEETRACKER.COM
THE STATE OF FINTECH IN AFRICA The four main fintech hubs are Egypt, Kenya, Nigeria and South Africa. These 4 African countries made up ~85% of the total fintech investments in Africa in 2019 and received ~82% of the total investment in 2020. As these hubs get crowded with more and more fintech solutions as well as more and more capitalists, newer marketshave to be explored
THE SOUTH AFRICAN TECH COMPANY THAT IS BUILDING DRONES FOR In South Africa, a small company known as LighWare is helping global tech giants like Google and Amazon build drones. The company is making giant strides in the production of the lightest and most compact scanning LiDAR unit used in the manufacture of drones. LiDAR is a detection system that works on the principle of radar but uses lightfrom a
E-LEARNING IN AFRICA: INTERNET CONNECTIVITY IS NOT THE According to a 2019 Research and Markets Report, the e-learning market in Africa achieved a value of USD 792 Mn in 2018 and exhibited a CAGR of around 14 percent from 2011 to 2018. According to the study, the market is expected to reach a value of USD 1.8 Bn by 2024. On a regional basis, South Africa, Morocco, Nigeria, Tunisia, and Kenyaemerge
M-PESA FULLY ACQUIRED BY KENYA'S SAFARICOM & SOUTH AFRICA The largest telecommunications company in East Africa, Safaricom, has joined hands with Vodacom to fully acquire M-Pesa — Africa’s foremost and largest mobile money platform. The brand which was bought from Vodafone, claims to have 40 million users and processes over a billion transactions every month. HOW MUCH WOULD YOUTUBE PAY AFRICAN CREATORS FOR A VIDEO Cost Per Thousand (CPM): This simply refers to how much YouTube pays creators for every 1,000 views. It’s also a measure of how much advertisers are willing to pay to advertise on that kind of video. For comedy and prank channels with a lot of viewers of disparate backgrounds and an unspecific audience, the amount is usually USD 2.00to USD 3.00.
HERE'S A FRESH PERSPECTIVE ON HOW MUCH REVENUE NOLLYWOOD Godwin Emefiele, Governor of the CBN, stated that the Creative Industry Initiative, which is aimed at unlocking the creative talents of Nigerian youths, is designed to generate 800,000 jobs in the movie, music and fashion sectors, as well as and increase the revenue of the industry by USD 300 Mn. CO-FOUNDER/FORMER CEO GRANT BROOKE SAYS GOODBYE TO TWIGA Grant Brooke, the co-founder and former CEO of Kenya-based B2B food distribution company, Twiga Foods, has today announced that he is stepping down from active management as of this month, though he will remain on the company’s Board of Directors. In a post published on LinkedIn, Brooke hinted that he’s completely letting go of the reins at Twiga Foods having overseen a smooth EVEN AFRICAN COUNTRIES WITH NO LOCKDOWN OR COVID-19 CASES Escaping Recession. The World Bank, IMF, United Nations, and even McKinsey seem to all agree on one thing: recession looms for Sub-Saharan African countries. One forecast is that economies fall sharply from 2.4 percent in 2019 to -2.1 to -5.1 percent in 2020, ushering in the first recession in the region over the past 25 years. EGYPT'S E-COMMERCE PLATFORM TEJARRA.COM SECURES SIX-FIGURE Tejarra.com, an Egyptian electronics e-commerce website, announced that it has received a six-figure USD seed investment from venture capital firm Openner.Openner will provide not just finance but also in-depth, hands-on technical support, scientific experience, and additional resources to the platform’s marketing and sales operations and its market success and positioning as part of the NATIONAL BANK OF EGYPT SECURES USD 100 MN LOAN FROM EBRD The National Bank of Egypt (NBE) has received a USD 100 Mn loan from the European Bank for Reconstruction and Development (EBRD) to help the country’s small and medium-sized businesses (SMEs). According to the EBRD, the loan will aid Egypt’s SMEs in terms of energy efficiency, climate change mitigation, and the use of adaptiontechnology.
BENIN'S SOLAR STARTUP MYJOULEBOX SECURES USD 1.8 MN FUNDING MyJouleBox, a French solar energy firm, has inked a USD 1.8 Mn finance agreement with ElectriFi to deliver Solar Home Systems (SHS) in Benin and to hire 200 new employees.The startup also hopes to extend its market share in Burkina Faso and Togo, and Benin. The European Union’s Electrification Financing Initiative (ElectriFi) is a program that encourages electrification initiatives. FIVE AFRICAN STARTUPS SECURE USD 5 K GRANT FUNDING EACH Five African startups have been awarded USD 5 K each in grant funding from the Southern Africa Innovation Support program and Seedstars after completing the Investment Readiness Program.. The Investment Readiness Program 2019-2020, run by Southern Africa Innovation Support and Seedstars, selected 15 businesses with SDG-focused tech solutions and gave them with tools and information to EGYPTIAN EDTECH STARTUP ISCHOOL RAISES USD 160 K FUNDING iSchool, an Egyptian edtech platform that provides the newest educational technology for young pupils, has raised USD 160 K in investment from EdVentures, the venture capital (VC) arm of Egypt’s Nahdet Misr Publishing Group.. The startup offers a parallel STEAM-based education journey to children from 6-18 years old. The STEAM program includes learning objectives, milestones, projects BETWEEN SAFARICOM, MTN & A RACE FOR ETHIOPIA'S TELECOMS MARKET Safaricom, East Africa’s most valuable enterprise, does seem like the ideal pick for an operator in Ethiopia. Not only is the telco quite familiar with the East African mobile markets, but also sits on one of Africa’s most successful telecoms narratives. HOW HOUSEME ROSE LOUD AND FAST IN SA AND FELL QUIETLY IN Like most stories of founders and the lightbulb moment that eventually resulted in a business, the seeds of the startup that Ben Shaw and Kyle Bradley went on to build were laid after a first-hand encounterwith a problem.
DEAL-STREET AFRICA: FINTECH CHIPPER CASH CLOSES USD 100 MN Fintech Startup Chipper Cash Closes USD 100 Mn Series C. Chipper Cash, an African fintech startup, raised USD 100 Mn in a Series C round ledby SVB
EGYPTIAN FINTECH STARTUP MONEYHASH RAISES PRE-SEED FUNDING MoneyHash, an Egyptian fintech startup that uses a unified checkout experience and a universal API to help businesses consolidate and grow their payments and financial tech stack, has raised a six-figure US dollar pre-seed funding round to expand its services in the Middle East and Africa (MEA) region.. The six-figure round was led by UAE-based venture capital firm COTU Ventures, with WEETRACKER - BUSINESS, STARTUPS & ECONOMY NEWS FROM AFRICAFREE READSTHE AFRICAN CONTEXTSTARTUP AFRICAUBERPITCH Staff Reporter. SA’s eCommerce Industry Is Now Twice Its 2018 Value. Team AfriCo. Deal-Street Africa : World Bank Approves USD 100 Mn Grant, 2 Major Acquisitions, 13 Startups Funded. Staff Reporter. 3 Fintech Deals & Multiple Markets Signal MFS Africa’s “Hub” Ambitions. HSBC ANNOUNCES FINAL CLOSE OF REGIO GEM BOND FUND HSBC Announces Final Close of REGIO Gem Bond Fund. HSBC Asset Management and the International Finance Corporation (IFC) announced the final close of the HSBC Real Economy Green Investment Opportunity GEM Bond Fund (REGIO) at USD 538 Mn to boost access to climate finance, and further development in the green bond market. EVEN AFRICAN COUNTRIES WITH NO LOCKDOWN OR COVID-19 CASESSEE MORE ONWEETRACKER.COM
M-PESA FULLY ACQUIRED BY KENYA'S SAFARICOM & SOUTH AFRICA The largest telecommunications company in East Africa, Safaricom, has joined hands with Vodacom to fully acquire M-Pesa — Africa’s foremost and largest mobile money platform. The brand which was bought from Vodafone, claims to have 40 million users and processes over a billion transactions every month. FOUR MOST ECCENTRIC MILLIONAIRES/BILLIONAIRES IN THE WORLD So, let’s take a look at four of the most eccentric millionaires and billionaires on the planet, and of course, their weird appetites. Clive Palmer (Net Worth: USD 550 Mn) Clive Palmer is a millionaire who rose from the very bottom of the pile to amass a fortune worth more than a half a billion dollars. Palmer owns Mineralogy, an Australian THE SOUTH AFRICAN TECH COMPANY THAT IS BUILDING DRONES FOR In South Africa, a small company known as LighWare is helping global tech giants like Google and Amazon build drones. The company is making giant strides in the production of the lightest and most compact scanning LiDAR unit used in the manufacture of drones. LiDAR is a detection system that works on the principle of radar but uses lightfrom a
THE 10 AFRICAN COMPANIES AMONG 434 MOST INNOVATIVE Well, the latest installment of the prestigious World’s Most Innovative Companies (MIC) list is officially out and the 2020 MIC list features 434 businesses from 39 countries, including more than a few African companies who stand shoulder-to-shoulder with the likes of Snap, Microsoft, Tesla, Spotify, and Canva on the list. CO-FOUNDER/FORMER CEO GRANT BROOKE SAYS GOODBYE TO TWIGA Grant Brooke, the co-founder and former CEO of Kenya-based B2B food distribution company, Twiga Foods, has today announced that he is stepping down from active management as of this month, though he will remain on the company’s Board of Directors. In a post published on LinkedIn, Brooke hinted that he’s completely letting go of the reins at Twiga Foods having overseen a smooth HERE'S A FRESH PERSPECTIVE ON HOW MUCH REVENUE NOLLYWOOD Godwin Emefiele, Governor of the CBN, stated that the Creative Industry Initiative, which is aimed at unlocking the creative talents of Nigerian youths, is designed to generate 800,000 jobs in the movie, music and fashion sectors, as well as and increase the revenue of the industry by USD 300 Mn. BILL GATES DOES NOT OWN MICROSOFT-THE COMPANY ACTUALLY Most people seem to assume Bill Gates owns Microsoft, being the company’s founder, but in reality, the company actually belongs to someone else – at least, on paper.. Bill Gates founded Microsoft in 1975 and the software development company has since developed into one of the most powerful and profitable worldwide corporations doing billions of dollars in annual revenue. WEETRACKER - BUSINESS, STARTUPS & ECONOMY NEWS FROM AFRICAFREE READSTHE AFRICAN CONTEXTSTARTUP AFRICAUBERPITCH Staff Reporter. SA’s eCommerce Industry Is Now Twice Its 2018 Value. Team AfriCo. Deal-Street Africa : World Bank Approves USD 100 Mn Grant, 2 Major Acquisitions, 13 Startups Funded. Staff Reporter. 3 Fintech Deals & Multiple Markets Signal MFS Africa’s “Hub” Ambitions. HSBC ANNOUNCES FINAL CLOSE OF REGIO GEM BOND FUND HSBC Announces Final Close of REGIO Gem Bond Fund. HSBC Asset Management and the International Finance Corporation (IFC) announced the final close of the HSBC Real Economy Green Investment Opportunity GEM Bond Fund (REGIO) at USD 538 Mn to boost access to climate finance, and further development in the green bond market. EVEN AFRICAN COUNTRIES WITH NO LOCKDOWN OR COVID-19 CASESSEE MORE ONWEETRACKER.COM
M-PESA FULLY ACQUIRED BY KENYA'S SAFARICOM & SOUTH AFRICA The largest telecommunications company in East Africa, Safaricom, has joined hands with Vodacom to fully acquire M-Pesa — Africa’s foremost and largest mobile money platform. The brand which was bought from Vodafone, claims to have 40 million users and processes over a billion transactions every month. FOUR MOST ECCENTRIC MILLIONAIRES/BILLIONAIRES IN THE WORLD So, let’s take a look at four of the most eccentric millionaires and billionaires on the planet, and of course, their weird appetites. Clive Palmer (Net Worth: USD 550 Mn) Clive Palmer is a millionaire who rose from the very bottom of the pile to amass a fortune worth more than a half a billion dollars. Palmer owns Mineralogy, an Australian THE SOUTH AFRICAN TECH COMPANY THAT IS BUILDING DRONES FOR In South Africa, a small company known as LighWare is helping global tech giants like Google and Amazon build drones. The company is making giant strides in the production of the lightest and most compact scanning LiDAR unit used in the manufacture of drones. LiDAR is a detection system that works on the principle of radar but uses lightfrom a
THE 10 AFRICAN COMPANIES AMONG 434 MOST INNOVATIVE Well, the latest installment of the prestigious World’s Most Innovative Companies (MIC) list is officially out and the 2020 MIC list features 434 businesses from 39 countries, including more than a few African companies who stand shoulder-to-shoulder with the likes of Snap, Microsoft, Tesla, Spotify, and Canva on the list. CO-FOUNDER/FORMER CEO GRANT BROOKE SAYS GOODBYE TO TWIGA Grant Brooke, the co-founder and former CEO of Kenya-based B2B food distribution company, Twiga Foods, has today announced that he is stepping down from active management as of this month, though he will remain on the company’s Board of Directors. In a post published on LinkedIn, Brooke hinted that he’s completely letting go of the reins at Twiga Foods having overseen a smooth HERE'S A FRESH PERSPECTIVE ON HOW MUCH REVENUE NOLLYWOOD Godwin Emefiele, Governor of the CBN, stated that the Creative Industry Initiative, which is aimed at unlocking the creative talents of Nigerian youths, is designed to generate 800,000 jobs in the movie, music and fashion sectors, as well as and increase the revenue of the industry by USD 300 Mn. BILL GATES DOES NOT OWN MICROSOFT-THE COMPANY ACTUALLY Most people seem to assume Bill Gates owns Microsoft, being the company’s founder, but in reality, the company actually belongs to someone else – at least, on paper.. Bill Gates founded Microsoft in 1975 and the software development company has since developed into one of the most powerful and profitable worldwide corporations doing billions of dollars in annual revenue. IN RWANDA, COVID-19'S STILL CHAINSAWING THE GAMING SECTOR Barring South Africa, Rwanda is one of the handfuls of African countries that are still fiddling with coronavirus-inspired lockdowns. In fact, it has been more than a year since gaming outlets and sports betting stores last opened. EVEN AFRICAN COUNTRIES WITH NO LOCKDOWN OR COVID-19 CASES Escaping Recession. The World Bank, IMF, United Nations, and even McKinsey seem to all agree on one thing: recession looms for Sub-Saharan African countries. One forecast is that economies fall sharply from 2.4 percent in 2019 to -2.1 to -5.1 percent in 2020, ushering in the first recession in the region over the past 25 years. EGYPTIAN EDTECH STARTUP ISCHOOL RAISES USD 160 K FUNDING iSchool, an Egyptian edtech platform that provides the newest educational technology for young pupils, has raised USD 160 K in investment from EdVentures, the venture capital (VC) arm of Egypt’s Nahdet Misr Publishing Group.. The startup offers a parallel STEAM-based education journey to children from 6-18 years old. The STEAM program includes learning objectives, milestones, projects BETWEEN SAFARICOM, MTN & A RACE FOR ETHIOPIA'S TELECOMS MARKET Safaricom, East Africa’s most valuable enterprise, does seem like the ideal pick for an operator in Ethiopia. Not only is the telco quite familiar with the East African mobile markets, but also sits on one of Africa’s most successful telecoms narratives. DEAL-STREET AFRICA: FINTECH CHIPPER CASH CLOSES USD 100 MN Fintech Startup Chipper Cash Closes USD 100 Mn Series C. Chipper Cash, an African fintech startup, raised USD 100 Mn in a Series C round ledby SVB
AFRICAN WOMEN IN TECH: A TWO-TIME FOUNDER'S TWO CENTS According to McKinsey, it could take Africa more than 140 years to become genderly equal, and add USD 316 Bn to the region’s collectiveGDP.
HOW HOUSEME ROSE LOUD AND FAST IN SA AND FELL QUIETLY IN Like most stories of founders and the lightbulb moment that eventually resulted in a business, the seeds of the startup that Ben Shaw and Kyle Bradley went on to build were laid after a first-hand encounterwith a problem.
EGYPTIAN FINTECH STARTUP MONEYHASH RAISES PRE-SEED FUNDING MoneyHash, an Egyptian fintech startup that uses a unified checkout experience and a universal API to help businesses consolidate and grow their payments and financial tech stack, has raised a six-figure US dollar pre-seed funding round to expand its services in the Middle East and Africa (MEA) region.. The six-figure round was led by UAE-based venture capital firm COTU Ventures, with WHEREISMYTRANSPORT RAISES ADDITIONAL USD 14.5 MN IN SERIES South African mobility startup WhereIsMyTransport has announced that it has raised an additional USD 14.5 Mn in its Series A extension to cement its position as one of the market-leading mobility data and solutions providers for emerging-market megacities.. The funding round included investors such as Naspers Foundry, Cathay AfricInvest Innovation Fund, and SBI Investment. SPE CAPITAL EXITS MOROCCO'S DISLOG IN FIRST LIQUIDITY EVENT SPE Capital, an African and Middle Eastern private equity fund, has exited Morocco’s in its maiden liquidity event, just two years after investing in the logistics company.The PE firm sold its investment in H&S Invest Holding, Dislog’s holding company, to the Belkhayat family and its management in a buyback deal. The financial details of the deal were not disclosed.__ MENU
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