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Posts Tagged ‘africa’

Tastemakers raises $1.4M to sell Africa experiences to the world

New York based startup Tastemakers has raised a $1.4 million seed-round—led Precursor Ventures—for its business that connects Africa adventures to global consumers. Tastemakers’ platform curates, prices, and lists African travel and cultural experiences—from paragliding tours to wine-tasting to concerts. The startup generates revenues by taking a 20% commission on each transaction. Community managers in Africa ...

African incubator MEST has a new MD and 11 fresh startup investments

Pan-African incubator MEST announced investments in 11 startups from its 2019 cohort that will each receive $100,000 in financing. The $1.1 million backing for a graduating class is the largest to date for the Accra-based organization — which operates as a training program and seed fund for African innovators to build successful commercial tech companies. ...

Uganda installs Huawei’s AI-powered ****** recognition surveillance system ‘nationwide’

“The cameras are already transforming modern day policing in Uganda, with ****** recognition and artificial intelligence as part of policing and security.” — Ugandan Police. ...

China’s Transsion and Kenya’s Wapi Capital partner on Africa fund

Chinese mobile-phone and device maker Transsion is teaming up with Kenya’s Wapi Capital to source and fund early-stage African fintech startups. Headquartered in Shenzhen, Transsion is a top-seller of smartphones in Africa that recently confirmed its imminent IPO. Wapi Capital is the venture fund of Kenyan fintech startup Wapi Pay—a Nairobi based company that facilitates digital ...

Huawei employees reportedly aided African governments in spying

A new report from The Wall Street Journal could be another damning piece of evidence for a company already under a good deal of international scrutiny. The paper is reporting that technicians working for Huawei helped members of government in Uganda and Zambia spy on political opponents. The report cites unnamed senior surveillance officers. The ...

Zindi rallies Africa’s data scientists to crowd-solve local problems

Zindi is convening Africa’s data scientists to create AI solutions for complex problems. Founded in 2018, the Cape Town-based startup allows companies, NGOs or government institutions to host online competitions around data-oriented challenges. Zindi’s platform also coordinates a group of more than 4,000 data scientists based in Africa who can enroll to join a competition, ...

Africa’s top mobile phone seller Transsion to list in Chinese IPO

Chinese mobile-phone and device maker Transsion will list in an IPO on Shanghai’s STAR Market, Transsion confirmed to TechCrunch. The company—which has a robust Africa sales network—could raise up to 3 billion yuan (or $426 million). “The company’s listing-related work is running smoothly. The registration application and issuance process is still underway, with the specific ...

SpaceX successfully launches twice-flown Falcon 9, catches fairing at sea

SpaceX successfully launched a Falcon 9 first-stage that had previously served two missions in July and November of 2018, today carrying its final payload, the AMOS-17 satellite for Spacecomm. SpaceX had configured the Falcon 9 in its ‘expendable mode’ for this mission, which means it made use of all available fuel on board to carry ...

Startups BRCK and Swvl partner on free WiFi for Kenyan ride-hail buses

Nairobi based internet hardware and service startup BRCK and Egyptian ride-hail venture Swvl are partnering to bring WiFI and online entertainment to on-demand bus service in Kenya. BRCK will install its routers on Swvl vehicles in Kenya and run its Moja service, which offers free public WiFi—internet, music, and entertainment—subsidized by commercial partners. Founded in ...

Why this Nigerian fintech startup is volunteering audited financials

Nigerian fintech firm Carbon — an early stage financial services startup based in Lagos — has posted financials audited by KPMG on its website. This comes four months after the company obtained a credit rating as a pre-IPO venture. Carbon — which recently rebranded its OneFi holding company and PayLater product titles into one name  ...