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Nigeria-based fintech Moniepoint has raised $110 million in funding from investors, including Google, to expand digital payments and banking solutions across Africa. The investment, announced Tuesday, October 29, supports Moniepoint's goal to become a key player in Africa's financial ecosystem.
Existing investors Development Partners International and Lightrock led the round, with Google’s Africa Investment Fund and Verod Capital joining as new backers.
Moniepoint will use the capital to grow its business across Africa and build a unified platform for digital payments, banking, FX, credit, and business tools.
The Zambian government has formalized the Information and Communication Technology Association of Zambia (ICTAZ) Statutory Instrument Act of 2018, introducing vital regulations to establish professional standards and enhance cybersecurity in the ICT sector.
The new regulations mandate the registration of ICT professionals across Zambia. It aims to foster an accountable ICT sector, with standards professionals must adhere to as Zambia builds a digitally secure and ethical economy.
Google has teamed up with ALX South Africa to host Sub-Saharan Africa’s first Hardware Hackathon on 1 November 2024 at ALX’s Braamfontein hub.
The event will bring 20 selected learners from ALX’s talent pool to tackle real-world challenges in server hardware, Linux, and networking, simulating the work of Google Data Center Technicians.
Participants will compete for prizes and potential job opportunities with Google. The partnership, part of Google’s broader outreach strategy, aims to upskill young African talent and prepare them for tech careers.
South African digital transformation company Obami's Tech in Kind initiative is offering up to R1 million ($62,300) in pro bono digital services to South African non-profits and SMEs.
Selected organizations will receive up to R100,000 each in digital transformation services, including access to content digitization, course and program design.
Applications are open until October 31, 2024, and winners will also receive expert guidance and ongoing technical support to enhance their digital operations and efficiency.
Tech company Yango Group and Zindi, which connects organizations with data scientists, will host the 2024 Lusaka Mobility Prediction Hackathon on October 26. The competition will focus on predicting traffic patterns affected by weather.
The event will bring together data scientists and tech enthusiasts in Zambia to tackle real-world urban mobility challenges.
The hackathon aims to inspire Zambia's data science community by offering prizes to the top three participants. It is part of Yango’s commitment to driving urban solutions through data and technology.
Nigerian startups focused on sustainability and innovation are invited to apply for the Sterling Bank Green Innovation Challenge.
The initiative offers NGN2 million (US$1,200) grants for cleantech and social enterprise ventures and a NGN20 million (US$12.2 million) facility for agriculture businesses.
Applications are open until October 20. Applicants must have operated for at least two years, offer locally developed solutions, and have a scale-up plan.
Zepz, formerly WorldRemit, has secured $267 million to expand across Africa and other key markets. The funding round was led by Accel with participation from Leapfrog, TCV, Coller Capital, and a $20 million investment from the International Financial Corporation (IFC).
Since rebranding in August 2021 after acquiring Sendwave, Zepz has retained both the WorldRemit and Sendwave brands.
The investment will enhance Zepz’s position in Africa’s fintech market, supporting financial inclusion and the growing demand for cross-border transfers.
Akwa Ibom state in Nigeria will host the Akwa Ibom Tech Week (AKTW) 2024 from October 28 to November 2, under the theme "Building a Resilient Innovation Ecosystem."
This year’s event aims to bring together local and global innovators to explore how the state can position itself as Africa’s next tech hub.
Innovate Africa, an early-stage investment fund will headline the event with a $2.5 million venture fund to support promising startups. Attendees will also have the opportunity to engage with Kristin Wilson, Innovate Africa's co-founder, through a series of curated fireside chats, knowledge-sharing sessions, and masterclasses throughout the week.
Payment technology company Flutterwave announced, on September 24, the expansion of its money transfer service, Send App, to 49 states across the United States.
Implemented through a strategic collaboration with American MainStreet Bank, the expansion aims to provide Africans in the Diaspora with a seamless way to send money back home.
The move highlights Flutterwave's commitment to offering secure and efficient banking solutions, compliant with regulatory standards.
Uganda's Agent Banking Company (ABC) has received an undisclosed investment from Goodwell Investments, marking the Dutch firm's entry into Uganda’s financial inclusion sector, Goodwell announced September 19.
Through Goodwell’s €150 million uMunthu II Fund, the funding will help ABC expand its client base, increase agent coverage, and introduce new services.
Goodwell’s uMunthu II Fund focuses on early-stage growth companies in financial services, food, agriculture, mobility, and logistics across Africa.
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The International Telecommunication Union (ITU) and the United Nations Development Program (UNDP) will host the SDG Digital event on September 20-21 in New York. The event will spotlight digital innovation’s role in advancing the Sustainable Development Goals (SDGs).
SDG Digital will showcase how digital technologies can drive a more sustainable and inclusive future. Leaders from various sectors government, civil society, private industry, youth, and academia will discuss the trends, risks, and opportunities of emerging technologies.
AgDevCo, an African agriculture investor, has secured $32 million from the UK’s Foreign, Commonwealth, and Development Office (FCDO) to launch "AgDevCo Ventures." The new fund, announced September 4, will support early-stage agribusinesses, focusing on investments between $1 million and $3 million to address the "missing middle" often overlooked due to perceived risks.
The venture aims to boost job creation, increase smallholder farmer incomes, and enhance climate resilience. A key focus will be on African and female-owned businesses, managed by a dedicated team based in Nairobi.
International calling app Talk360 has secured $1.4 million (R25 million) in a Pre-Series A round, led by Havaic. The funds will help the company expand its user base to seven million by 2025 and enhance profitability.
Talk360, which connects African migrant communities with their families, aims to strengthen local partnerships, introduce more African languages, and expand its payment platform to external companies across Africa by late 2024.
Tunisian startup Wattnow has closed a multi-million dollar funding round led by Lateral Frontiers and 216 Capital, with support from Outlierz Ventures, Satgana, Octerra Capital, and angel investors like Karim Beguir.
Wattnow provides AI-powered, IoT-based energy management systems to help businesses optimize energy use, cut costs, and reduce emissions.
The company plans to use the new funds to expand globally, enhance its technology, and further sustainability efforts.