On July 10th, 2024, Innovate Africa, an angel investment fund dedicated to empowering early-stage African founders, launched a groundbreaking $2.5M startup fund to transform the continent’s startups.  Co-founded by Kristin Wilson and Christian Idiodi, the sector-agnostic Innovate Africa Fund aims…

$18 billion tech hubs initiative in Africa: The United Nations Development Programme (UNDP), in collaboration with African governments and the private sector, has announced a groundbreaking $18 billion initiative to establish a network of 10 technology hubs across the continent. …

South African SME security breach detection: Cybersecurity has become a critical concern for small and medium enterprises (SMEs) in South Africa.  A concerning trend has emerged, with reports indicating that South African SMEs take an average of 9 months to…

Banking app security tips for South Africans: Recently, a concerning trend has emerged in South Africa – the rise of “banking app kidnappings.”  These crimes involve criminals forcibly apprehending victims and coercing them to access their mobile banking apps, draining…

Showmax Subscription Price Increase: Showmax, an African streaming service, has announced a pricing update for its unrivaled content effective 01 August 2024. The development will kick in six months after their relaunch, in partnership with Comcast’s NBCUniversal.   The company is…

Xbox Game Pass price hike South Africa: Microsoft has announced big price rises for Game Pass, its Netflix-style subscription service for games. These new prices will go into effect on 12 September across all regions. The price of Game Pass…

EY Nigeria new partners: EY Nigeria has announced five new partners to the West Africa partnership as part of its strategic initiative to continuously invest in its personnel.  The new partners are Chinedu Onyekwelu and Abiodun Ogunoiki, who are Partners…

Startup accelerator program launch: Open Startup (OST), a MENA-focused pre-seed startup accelerator, is committed to growing the African startup ecosystem. The organization calls for applications for a $50,000 accelerator program.  Startup Accelerator Program Launch About Open Startup Open Startup (OST)…

Cryptocurrency market downturn opportunity for newcomers: The cryptocurrency market is currently experiencing a significant price drop, with Bitcoin leading the decline.  However, this downturn presents a unique opportunity for new investors entering the crypto space.  Despite the current bearish sentiment,…

Colombian cloud-based fintech startup Minka has announced plans to expand its operations into Africa.  The first phase of this expansion will see Minka setting up shop in Eastern and Southern African countries, including Kenya, Tanzania, Uganda, Ethiopia, Mozambique, Zambia, and…