Innovate Africa Fund Launches with $2.5M to Support Early-Stage Startups
The Innovate Africa Fund has launched with an initial $2.5 million to provide crucial support for up to 20 early-stage startups in its first year. This sector-agnostic fund aims to address complex problems such as insecurity, unemployment, and poverty through purpose-driven technology. Importance of the Fund Since 2019, the African
South Africa Cracks Down on Unlawful Crypto Financial Services
The Financial Sector Conduct Authority (FSCA) in South Africa is intensifying its crackdown on unlawful crypto financial services, currently investigating thirty cases involving individuals or entities offering such services without proper authorization. This action follows the FSCA’s declaration on October 19, 2022, which classified crypto assets as a financial product.
UNDP to Raise $1 Billion to Plant Startup Hubs Across Africa
The United Nations Development Programme (UNDP) is spearheading a groundbreaking initiative to bolster the tech startup ecosystem across Africa. In collaboration with several African governments and key private sector players, the UNDP plans to raise $1 billion to establish a series of technology hubs designed to foster innovation and support
Cannes Lions 2024 Insights with Betking’s Nengi Akinola
Let’s dissect creative impact with Nengi Akinola , Head of Marketing at KingMakers a leading sports and digital entertainment platform across the African continent.Join this open session for an in-depth exploration of contemporary industry insights. Immerse yourself in the innovative perspectives, analysis, and strategies of today’s leading experts, and discover
AfDB-supported Tech Park Impresses International Delegation with Rapid Growth and Economic Impact
A high-level donor delegation that included the African Development Bank has expressed strong admiration for the Cabo Verde Tech Park during a recent visit, highlighting its rapid growth, full occupancy, and role in diversifying the country’s economy. The delegation – which also included representatives of the European Union, World Bank,
JCDecaux South Africa announces new head of sales: malls
JCDecaux South Africa, a leading out-of-home media company, is excited to announce Gia Conte’s appointment as head of sales: malls, effective 2 July 2024. Gia will report to Archie Masebe, JCDecaux South Africa’s sales director. Gia joins the team with a wealth of experience and expertise in the out-of-home advertising
AWS Announces $230 Million Commitment for Generative AI Startups
Amazon Web Services, Inc. (AWS), a subsidiary of Amazon.com, Inc. (NASDAQ: AMZN), has unveiled a significant $230 million commitment to support startups globally in the development of generative AI applications. This initiative aims to provide early-stage companies with AWS credits, mentorship, and education to enhance their use of artificial intelligence
Afrilabs Publishes Two Groundbreaking Ai Reports Funded By The Gates Foundation
AfriLabs, the largest pan-African network of technology and innovation hubs, is thrilled to announce the release of two pivotal studies on Artificial Intelligence (AI) in Africa. Funded by the Bill and Melinda Gates Foundation (BMGF), these studies offer unprecedented insights into the AI startup ecosystem and the ethical implications of
Ten African Startups Selected to Receive Funding to Develop Blue and Green Economy Solutions
BFA Global, FSD Africa, and the International Union for Conservation of Nature (IUCN) are thrilled to announce the selection of ten innovative, future-looking startups as part of the Africa Blue Wave and Regen Wave initiatives. Each startup is set to receive $55,000 in funding, to advance their solutions for the
Kenya Media Sector Demands Reversal of Government Advertising Directive
Media practitioners in Kenya are poised to take legal action if the government does not revoke its recent directive mandating all ministries, state agencies, independent commissions, and public universities to exclusively air their TV and radio advertisements on the national broadcaster, KBC. Media Practitioners Push Back The Kenya Media Sector