Save the date & pre-register today

The leading African tech event series has locked in dates for 2022/2023 – pre-register today to be notified when special rate tickets are released.

Africa Money & DeFi Summit West Africa – September 27th & 28th 2022

Africa Tech Summit London – November 24th 2022

Africa Tech Summit Nairobi – February 15th & 16th 2023

NEWS

Norrsken Impact Accelerator selects 9 African Startups

Founded in 2016, Norrsken aims to help entrepreneurs solve the world’s greatest challenges. Its ecosystem consists of Norrsken House, a co-working space for over 350 impact entrepreneurs in Stockholm, the Norrsken Founders Fund, and Norrsken VC. Via AppsAfrica Read More

Endeavor Nigeria says Africa’s technology ecosystem is poised for exponential growth

A new report from Endeavor Nigeria, the leading community of high-impact entrepreneurs in Nigeria, has stated that Africa’s technology ecosystem is set for a period of exponential growth, accelerated by strong market fundamentals and the impact of the COVID-19 pandemic. Via AppsAfrica Read More

How women in east Africa are reshaping tech

When law professor Douglas Branson published the book The Future of Tech is Female in 2018, he must have imagined that the global tech industry would soon be led by women. Via Quartz Africa Read more

Boomplay launches in Côte d’Ivoire, its 6th African country

Boomplay, the music streaming platform for African artists and songs, has launched in Côte d’Ivoire. The platform opened the doors of its Ivorian offices in Abidjan to enhance music streaming, and help Ivorian artists reach a broader audience within and outside the continent. Via TechCabal Read more

MONEY & DeFi

MFS Africa acquires GTP for $34M as it looks to issue prepaid cards to its clients

Pan-African digital payments company MFS Africa is acquiring U.S.-based Global Technology Partners in a cash-and-shares deal worth $34 million. Via TechCrunch Read more

Kenya wants to introduce a 20% tax for digital lenders

The Kenyan government has announced plans to introduce a 20% excise tax on all fees charged by all digital lenders. Earlier this week, a proposal submitted to the Parliament included an amendment to the Excise Duty 2015 of the Finance Bill, which provides for a 20% tax on all digital loans. Via TechCabal Read More

Masa Finance Partners with African Fintech Pngme to Provide DeFi Services to Emerging Markets

Silicon Valley DeFi protocol Masa Finance is partnering with African financial data company Pngme to drive the adoption of DeFi credit services in the region. The partnership will give DeFi lenders across Nigeria and Kenya with access to more than 250 off-chain financial data sources–including credit bureau data–to automate credit decisions through smart contracts while keeping data confidential. Via Business Wire Read More

Ugandan central bank U-turns on crypto, welcoming firms to regulatory sandbox

The Bank of Uganda is open to the idea of cryptocurrency businesses participating in its Regulatory Sandbox, inviting members of the Blockchain Association of Uganda (BAU) to share their knowledge with the central bank. Via Cointelegraph Read more

African Crypto Startup, payouts.cash launches Instant remittance service to African Countries

Blockchain payments startup payouts.cash announces the launch of its crypto product which allows anyone send money to African countries, starting with Nigeria, in typically under 3 minutes. Via Techpoint Africa Read more

Africa Money and DeFi Summit West Africa, connects industry leaders from across the African fintech and crypto space with international players. Network and do business with leading companies in decentralized finance (DeFi), payments, crypto, Web3, digital lending, FX, digital identity, cybersecurity, insurtech, mobile money, investors, start-ups, regulators and industry stakeholders.

📺 Web 3.0 unpacking a metaverse of opportunity session hosted at Africa Tech Summit Nairobi. Panelists give insights and discuss the decentralization of the internet, connectivity, the future of data privacy, and how Africa is at the forefront of innovating in Web 3.0 and building for the future with Sandi Bitenc – CEO – 3AIR, Mohamed Abdou – CEO – Pravica, Duncan Muchangi – Principal – Unicorn Capital, Emmanuel Babalola (Babz) – Director Binance Africa – CEO Bundle, Mwakisha George – Business Dev. Manager East Africa – Binance
and Hilina Damte – Co-Founder of G&H Blockchain Watch Now

FUNDING

GOMYCODE raises $8 million Series A round

Tunisian ed-tech startup GOMYCODE recently closed an $8 million Series A round led by AfricInvest, through the Cathay AfricInvest Innovation Fund, and Proparco; Wamda Capital also continued to invest, having invested in the Seed round. The funds will help drive the startup’s mission to democratise tech education across the MEA region. Via AppsAfrica Read More

WafR closes $1.075 million seed round

WafR, an application that allows retail brands to broadcast smart promotions to grocers to increase their market share on the traditional channel, announced that it has raised $455k in addition to the $620k previously raised. Via AppsAfrica Read More

Ride-hailing start-up Gozem signs $10m deal with IFC

Six-thousand moto-taxi drivers in Togo and Benin can now access vehicle financing after the West African super app Gozem and the International Finance Corporation (IFC) signed a $10-million partnership. Via Ventureburn Read More

SA fintech startup Franc raises $522k seed extension round, announces B2B offering

South African investment app Franc has raised $522,000 in a seed extension round, and announced a B2B offering that enables quick and easy adoption of savings and investment products by partner businesses. Via Disrupt Africa Read More

Nigerian startup Klasha gets an additional $2.1M for its cross-border commerce play

Lagos and San Francisco-based Klasha has received an additional $2.1 million to complete its $4.5 million seed round. The startup, which provides multiple products for the cross-border commerce space in Africa, raised this new financing from a group of international investors including Amex Ventures. This investment is Amex Ventures’ first in an African startup. Via TechCrunch Read More

OPPORTUNITIES

ARM Labs Lagos Techstars Accelerator

The ARM Labs Lagos Techstars Accelerator Program invests in early-stage fintech and proptech companies based in Africa. Read more