Start-ups, particularly those in technology, are key job creators. However, these startups are usually faced with financial hurdles. Providing essential capital to early-stage companies will help Africa tap into the innovation economy, fostering growth and resilience in the global tech landscape.
On October 1, a new $17.2 million (300 million rand) Seed Fund of Funds dedicated to technology start-ups was launched in South Africa. The fund, backed by the SA SME Fund, the Department of Science and Innovation, the Technology Innovation Agency (TIA), and E Squared Investments, aims to address a shortfall in early-stage capital for local start-ups.
Patrick Krappie, TIA’s acting CEO, stressed the government’s role in fostering innovation ecosystems. “The Seed Fund of Funds will catalyze a wave of new start-ups by enabling them to transition from ideas to viable enterprises,” Krappie said, adding that the fund would help place South Africa’s venture capital industry on sustainable footing.
The initiative aims to fund at least 50 technology-driven companies, focusing on innovation and transformation. Experienced fund managers will oversee the investments, ensuring that these start-ups have the resources to scale both locally and globally.
Ketso Gordhan, CEO of the SA SME Fund, highlighted the importance of seed funding, calling it the "cornerstone of entrepreneurial success" and the "lifeblood of innovation." He emphasized South Africa's wealth of brilliant minds and how the fund will help ensure more of them have the opportunity to succeed.
The launch of the fund is particularly timely as the country continues to grapple with high unemployment rates. As of Q2 2024, 8.4 million people (33.5%) remained unemployed, according to Statistics South Africa. This persistent challenge underscores the importance of fostering job creation, particularly in high-growth sectors like technology.
Start-ups have the potential to generate significant employment opportunities, particularly in innovative fields such as fintech, healthtech, and eCommerce, which are key drivers in South Africa's digital economy. With the new fund targeting at least 50 technology-driven companies, it can help reduce the country’s high jobless rate by empowering start-ups that contribute to both economic growth and job creation.
Hikmatu Bilali
He is a dedicated entrepreneur driving digital innovation in Gabon. Over the years, he has partnered with the government to advance the country's technological development.
Thierry Dzime (photo) is a Gabonese expert in strategic communication and digital marketing. He is the founder and director of Olatano Market, a digital platform specializing in e-commerce.
Founded in 2021, Olatano Market aims to offer a new e-commerce experience in Gabon. The platform provides an online marketplace connecting thousands of people looking to buy or sell quality products across the country. It offers a wide range of services and tools to help entrepreneurs launch and grow their businesses.
One of Olatano Market’s flagship services is Achat Flex, which allows individuals to pay online through various payment methods, such as cash-on-delivery, mobile money, and credit cards. It also offers the option to purchase a product and pay in installments.
"Our innovative platform is a complete break from the conventional offerings of existing players and addresses the growing demand from customers who want more choice, the ability to compare prices, and access to products and prices no matter where they are in Gabon," said the founder of Olatano Market in 2022.
Thierry Dzime also serves as an advisor to the Gabonese Prime Minister’s office and co-organizes Café Numérique in Libreville, where he oversees marketing and communication. Before founding Olatano Market, he launched Digital Impact Gabon in 2014, a digital agency, and Express Courrier Gabon in 2017, a transportation and express delivery company.
A graduate of Leibniz University in Hanover, Germany, Dzime earned a master’s degree in international management, marketing, and sales in 2011. His career began in 2012 at Petro Gabon, an oil and gas company, where he held the position of sales manager.
In 2019, he became the communications advisor to Gabon’s Minister of Tourism, Trade, and SMEs, and in 2020, to the Minister of Economy and Finance. From 2021 to 2022, he served as the digital advisor to the President of Gabon. During the same period, he also held the role of country director for Baloon Assurance in Gabon.
Melchior Koba
Enhancing digital transformation is essential for accelerating Africa’s digital economy, which is vital for driving innovation and entrepreneurship. With rapid growth already underway, the digital economy stands to benefit significantly from improved connectivity and the establishment of digital hubs, facilitating business expansion and attracting further investment.
Kenya's Cabinet Secretary for the Ministry of Information, Communications, and Digital Economy, Dr. Margaret Ndung'u, met with Italian officials led by Minister of Enterprises and Made in Italy Adolfo Urso in Nairobi on September 30. The meeting discussed Kenya’s collaboration with Italy to boost its digital transformation efforts.
“Kenya is a strategic partner for the development of artificial intelligence in Africa. It is the country that has responded the most to the pilot accelerator program for African startups,” said Minister Urso.
Kenya aims to leverage Italy’s expertise in space and emerging technologies through a partnership focused on enhancing public service delivery, deploying innovative fibre-optic solutions, promoting information exchange, and advancing the production of digital devices and chips. Additionally, the collaboration will explore areas of cooperation in artificial intelligence (AI), particularly under the Mattei Plan. This includes the “AI Hub for Sustainable Development” project, spearheaded by the Italian G7 Industry, Technology, and Digital Ministerial Chairmanship, in collaboration with the UNDP.
The partnership will support Kenya’s Digital Superhighway project, which aims to lay 100,000 km of fibre and establish digital hubs across 1,450 wards. Areas of focus include space tech, AI, and manufacturing digital devices to drive socio-economic development.
This move will support Kenya's digital advancement as it directly supports the country’s growing tech ecosystem. It aligns with Kenya’s World Bank-backed Digital Economy Acceleration Project, which is expected to modernize digital infrastructure and services, in line with the government’s goal of boosting innovation, job creation, and economic diversification.
Hikmatu Bilali
The Mauritanian government is currently developing a roadmap to reform the education system, with digital technology playing a central role. The goal is to modernize teaching methods and integrate technological tools into schools, among other initiatives.
Mauritanian students will soon have access to digital textbooks, thanks to a new initiative by the National Pedagogical Institute (IPN). The reform will begin with the upcoming school year on October 7. The textbooks will be available for download through the "Koutoubi" (My Books) app, providing students with easier access to modern educational resources. According to IPN director Cheikh Ould Sidi Abdallah, the Koutoubi app complements the traditional distribution of paper textbooks, offering students and parents the option to acquire digital copies.
The initiative is part of a new National Textbook Strategy currently under development, which emphasizes the importance of digital technology. Its announcement comes amid broader efforts to enhance digitalization in schools. The Mauritanian government recently signed an agreement with the FIFA Foundation to train 10,000 schoolchildren, aged 6 to 12, in coding, robotics, and digital literacy over the next three years.
The introduction of digital textbooks is also expected to lighten the heavy school bags that are a common concern among parents. However, the success of this reform depends on schools' ability to provide the necessary equipment, such as tablets and computers, to ensure students can access these digital resources. The lack of such tools could hinder the full implementation of this ambitious project.
Despite these challenges, the transition to digital learning reflects a clear commitment to preparing Mauritania's younger generations for future technological challenges while improving access to modern educational materials.
Samira Njoya
As Africa's digital economy expands, with industries like fintech, e-commerce, and agritech growing rapidly, cyberattacks pose a significant threat. A secure digital environment is essential for sustaining investor confidence, driving innovation, and enabling businesses to thrive.
SEACOM announced on October 1 a new partnership with US-based cybersecurity firm Arctic Wolf to enhance its cybersecurity services across Africa, addressing the growing threat landscape on the continent. With cyber-attacks increasingly targeting businesses of all sizes, this collaboration aims to provide SEACOM’s clients with advanced security operations solutions through Arctic Wolf’s cloud-native platform and expert security teams.
The partnership enables SEACOM clients to benefit from proactive and tailored protection against current and emerging threats. SEACOM emphasizes that Arctic Wolf’s platform will offer comprehensive visibility into customers' attack surfaces, allowing businesses to monitor their entire security environment from one central interface. This approach ensures rapid identification and response to malicious activities or vulnerabilities.
SEACOM’s portfolio will now include Arctic Wolf's suite of security solutions, such as Managed Detection and Response, Incident Response, and Cloud Security Posture Management.
Cybercrime is a growing threat in Africa, with ransomware attacks becoming more frequent. According to the ‘INTERPOL African Cyberthreat Assessment Report 2024,’ in early 2023, 1 in 15 African organizations experienced weekly ransomware attempts, much higher than the global average of 1 in 31. It adds that Kaspersky recorded over 300 attempts in South Africa in just one week. The financial impact of cybercrime in Africa is immense, with INTERPOL’s 2021 report estimating it at over $4 billion, or 10% of the region’s GDP. Additionally, cyberattacks on African organizations increased by 23% in 2023, marking the highest rate globally.
The growing threat particularly affects businesses and organizations lacking the resources to effectively monitor and respond to security incidents. This move highlights the need for advanced security strategies to safeguard operations in an increasingly digital world.
Hikmatu Bilali
She is determined to transform access to technology for artisans in Africa. Through her startup, she aims to simplify life for entrepreneurs in the informal sector.
Bams Betga (photo) is a Cameroonian artist and entrepreneur, co-founder, and CEO of African Puzzle Works, a company that specializes in creating software for artisans. Founded in 2021 by Betga and Renée Clément, African Puzzle Works is committed to innovation aimed at supporting entrepreneurs in the informal economy.
The company developed African Puzzle, a personal assistant designed specifically for entrepreneurs and project leaders. This mobile application, which utilizes audio and photo-based features, allows users to easily manage orders, client information, appointments, product catalogs, and track finances—without requiring literacy skills. "With our voice and image-based features, we remove the barriers to adopting technology for entrepreneurs with limited literacy. Everyone knows how to send a voice note or take a photo," explained Betga in 2024.
A former athlete, Bams Betga is also a singer-songwriter with four albums to her name. As the international partner of the World Business Angels Investment Forum in Cameroon, she is dedicated to improving access to financing for businesses. Additionally, she serves as the national representative for Cameroon’s startup ecosystem in the G100: Mission Million, a group of 100 women leaders worldwide.
In 2022, African Puzzle Works won first prize at the Blue Ocean Awards, which recognizes entrepreneurial innovation. More recently, in April 2024, Betga was nominated for Best Africa Solutions at the second edition of the Africa Solutions Week (SAS), held in France in September and scheduled to take place in Morocco from October 17 to 19, 2024.
Melchior Koba
The Comoros' digitalization project is expected to cost €22.53 million (approximately $25 million). The African Development Fund, the concessional lending arm of the African Development Bank (AfDB), has granted €4.02 million, while the Transition Support Facility has released €5.49 million.
The Board of Directors of the African Development Bank Group (AfDB) approved a €9.51 million ($10.5 million) funding package for the Comoros on Monday, September 30. These funds will support the implementation of the Comoros Economic Digitalization Support Project.
“The objective of the project is to promote the emergence of a comprehensive and coherent range of digital services that can meet the needs of the population, with the ultimate goal of aligning the country with the information society,” the institution said in a statement.
This initiative comes as digital transformation accelerates across the continent. According to the Measuring Digital Development – ICT Development Index 2024 report, published in July 2024 by the International Telecommunication Union (ITU), the Comoros ranks 25th in Africa with a score of 46.5 out of 100 on the ICT Development Index, below the African average of 50.3.
In terms of the E-Government Development Index (EGDI), the Comoros score significantly trails the African average of 0.4247, according to the E-Government Survey 2024: Accelerating Digital Transformation for Sustainable Development, published in September 2024 by the United Nations Department of Economic and Social Affairs (UN DESA). The country ranks 45th, with a score of 0.2586 out of 1.
The implementation of this project is expected to help the archipelago develop digital infrastructure, create a favorable regulatory and legal framework, enhance digital education and training, and promote technological innovation and entrepreneurship.
Adoni Conrad Quenum
In The Gambia, the government is stepping up efforts to accelerate digital transformation. This affects all sectors of the economy, including education.
Last week, the Gambian government launched an initiative to provide laptops to the principals of all schools across the country. This effort, in partnership with the Global Partnership for Education (GPE), UNICEF, and the World Bank Group, is expected to drive the digitalization of school administration.
“The initiative marks a significant step in our efforts to enhance quality education and empower school managers with the tools needed for efficient service delivery in the digital age,” said Pierre Gomez, Minister of Higher Education, Research, Science, and Technology.
The Gambian government aims to digitize the national education system as part of its broader ambitions for digital transformation. According to Minister Gomez, the government is working to develop digitized information systems, enhance the digitalization of public services, and expand the use of electronic record management systems across all public administrations.
In September 2023, the government launched the Gambia Research and Education Network (GAMREN), in partnership with the World Bank, to provide high-speed internet connectivity to schools and research institutions nationwide. As early as July 2022, the Ministry of Higher Education, Research, Science, and Technology had begun efforts to develop a national strategy for digitizing technical and vocational education and training, with support from UNESCO.
UNESCO believes technology can significantly enhance educational management. "It enables a wider range of data collection on schools and students, allowing for precise analysis of learning paths and influencing factors. This data can be used to personalize learning, identify marginalized children, and prevent disengagement and early dropout," the organization stated in its 2023 Global Education Monitoring Report.
Isaac K. Kassouwi
Passionate about solving global challenges, he develops technological solutions with a strong focus on underserved populations in developing countries.
Timothy Musoke (photo) is a Ugandan computer engineer and entrepreneur. He is the co-founder and CEO of Laboremus Uganda, a startup that promotes financial inclusion in Africa.
Founded in 2013, Laboremus Uganda provides infrastructure to financial institutions, helping banks and fintech companies accelerate financial inclusion in sub-Saharan Africa by improving access to credit for everyone. The company offers financial service providers data and tools to process loans more quickly and at a lower cost by digitizing the loan process either partially or fully.
"We started Laboremus to build complex and user-friendly software for Ugandans, in Uganda," says Timothy Musoke. "McKinsey ranks Africa amongst the fastest growing and most profitable banking markets globally. We are working on digitising this market to make credit accessible to everyone," he adds.
Musoke is also the co-founder and advisor at Emeta, a licensed microfinance institution founded in 2017, which is transforming access to financing for smallholder farmers in Africa. Emeta provides loans that enable farmers to invest in their farms and increase their incomes.
Timothy Musoke holds a bachelor's degree in software engineering from Franklin University in the United States. From 2016 to 2020, he served on the board of Fontes Foundation, a Norwegian NGO providing community development services to disadvantaged populations.
Melchior Koba
Africa's fragmented regulatory landscape often poses significant challenges for entrepreneurs, who face different requirements in each country. Leveraging digital tools to lower entry barriers and provide a structured pathway for market expansion can boost economic transformation in Africa.
The UK, in collaboration with PwC, has introduced a digital toolkit through the UK-Kenya Tech Hub to aid entrepreneurs in accessing the Kenyan, Nigerian, and South African markets. The toolkit, launched on September 26, aims to streamline market entry and enhance opportunities for startups across various sectors, including agriculture, education, financial services, health, and manufacturing.
Jordan Kyongo, Head of the East Africa Research and Innovation Hub at the British High Commission in Nairobi, highlighted the importance of this initiative. "This toolkit will be an instrument in growing Africa’s entrepreneurial ecosystem by consolidating the requirements for market entry, ultimately easing the process for entrepreneurs," Kyongo stated.
The toolkit was developed to address the regulatory, certification, and tariff barriers that entrepreneurs often face when expanding into new markets. It includes practical tools, guides, and outputs designed to simplify the market entry process in the three targeted countries. Feedback from multiple validation sessions has helped refine the toolkit, making it a user-friendly resource for entrepreneurs navigating complex regulatory landscapes.
According to an article by AU Startups on ‘How African Tech Startups Can Navigate Regulatory Challenges,’ African startups face constant hurdles, including creating scalable solutions in unpredictable markets and securing funding in volatile economies. Additionally, complex and restrictive regulations in both their home markets and potential expansion areas further complicate operations, making compliance a crucial factor that can determine their success or failure. The toolkit aims to reduce the administrative burden by providing clear, consolidated information for market entry in Kenya, Nigeria, and South Africa. It also serves as a foundation for expanding similar initiatives into other African markets.
This digital toolkit could be a game-changer for African entrepreneurs, offering a model for overcoming market access challenges and promoting sustainable business growth.
Hikmatu Bilali
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The acceleration of digital transformation in Africa has created a growing demand for cybersecurity professionals. According to the World Economic Forum, the global talent shortage in this field could reach 85 million workers by 2030.
Last week, Russian cybersecurity provider Kaspersky partnered with EPI Sup de Sousse, a private Tunisian university, to train a new generation of cybersecurity experts, foster innovation, and strengthen Tunisia's cybersecurity ecosystem.
This partnership comes at a time when Tunisia is facing a high number of cyber incidents. In 2023, TunCERT, the country's national computer emergency response team, recorded nearly 150,000 incidents affecting the national cyberspace. Of these, 46% were phishing attacks, while 17% involved malware.
According to the International Telecommunication Union (ITU), Tunisia scored 82 out of 100 in the 2024 cybersecurity index, placing the country in Tier 3, indicating a "basic commitment to cybersecurity actions led by the government." However, this score marks a decline from 2020, when Tunisia scored 86.23, positioning it as one of the continent’s leading players.
For Kaspersky, this partnership could help identify future talent and contribute to the development of Tunisia's cybersecurity community. According to the World Economic Forum’s Cybersecurity Talent Framework, there is an urgent need for nearly 4 million professionals in 2024 to bridge the global talent gap, with a growing demand for expertise in cloud security, artificial intelligence, and machine learning within the cybersecurity sector.
Adoni Conrad Quenum
African countries are rapidly modernizing their digital systems, adopting a range of technologies to improve efficiency and transparency. As they embrace this digital transformation, they also need to prioritize cybersecurity to protect sensitive data and prevent potential threats.
Burkina Faso plans to modernize and secure its online services with the adoption of a national public key infrastructure (PKI). On Monday, September 30, the country’s National Agency for Information System Security (ANSSI) launched a project framework workshop in Loumbila, located in the Oubritenga province.
“PKI is a technology that secures electronic exchanges using digital certificates, comparable to electronic passports. These certificates verify users' identities and ensure that only authorized individuals can access or sign information,” explained Boukaré Sébastien Yougbare, ANSSI’s Director General.
This initiative reflects the government’s commitment to modernizing public services while strengthening the security of the country’s digital space. It comes at a time of accelerated digital transformation, marked not only by the rapid adoption of electronic communication services but also by a rise in cyberattacks.
The project, set to be implemented by December 2025, is being carried out in partnership with the American firm Cybastion Institute of Technology. This infrastructure will play a key role in digitizing administrative processes and offering citizens greater security when accessing online public services. Additionally, the PKI will allow businesses to secure their online transactions and provide reliable authentication of their partners. Banks will also benefit from this tool to enhance the security of electronic transactions while complying with regulatory requirements.
With the adoption of the PKI, Burkina Faso will follow the example of several other African nations, such as Ghana, Cameroon, and Ethiopia, which have already implemented similar infrastructures to bolster digital security. According to a report by consulting firm Future Market Insights, the global PKI market generated $3.9 billion in revenue in 2021. The market is expected to continue growing at an annual rate of 18.3% between 2022 and 2032, underscoring the increasing importance of these technologies in an increasingly digital world.
Samira Njoya
A computer engineer, he leads a team of passionate designers and engineers dedicated to creating innovative products. He has already launched several technological solutions.
Charles Wisdom Kateleshi (photo) is a Zambian computer scientist and entrepreneur. He is the founder and CEO of Daylight Technologies Inc., a software development company dedicated to helping businesses of all sizes leverage technology opportunities.
Founded in 2020, Daylight Technologies Inc. offers businesses and individuals a range of modern tech tools and solutions. The company aims to create an ecosystem of high-performing enterprises, fostering growth and success. Its services include cybersecurity, data management and analysis, optimization, and cloud solutions.
Daylight Technologies Inc. provides products like Bulk SMS, a tool for sending large numbers of messages to multiple recipients simultaneously, and Bulk Email, a mass email software. The company has also developed Supernova, an online video streaming platform.
Charles Wisdom Kateleshi graduated with a bachelor's degree in computer science from Cavendish University Zambia in 2018. After his studies, he joined fintech company Nsano as a senior software engineer. In 2021, he became the managing director of Omega Records, a music label.
In January 2024, Charles was named "Founder of the Year Under 30" for Southern Africa at the FOYA Awards, an initiative recognizing young entrepreneurs contributing to the continent's development.
Melchior Koba
Senegal has made significant progress in digital transformation in recent years. To build on this momentum and better meet the needs of its population, the government wants to leverage international expertise.
Last week, Senegalese President Bassirou Diomaye Faye met with several companies on the sidelines of the 79th United General Assembly. The aim of the meetings was to seek partnerships in the digital sector. According to a post on the X (formerly Twitter) account of the Senegakese presidency, Bassirou Diomaye Faye and his delegation held productive discussions with leaders from NVIDIA, a global leader in artificial intelligence. Concrete avenues of cooperation were identified to strengthen Senegal's technological ecosystem.
“The president discovered the most advanced AI technologies, applicable in key areas of the National Transformation Agenda 2050: agriculture, education, health, and more. These innovations will enhance our ability to tackle future challenges and position Senegal as a tech hub in Africa,” the presidency indicated.
The president also met with representatives from 500 Global, a worldwide startup investment fund and incubator. This meeting uncovered investment opportunities to support the growth of innovative digital companies in Senegal.
Another significant meeting took place with Ketan Patel, vice president of HP, the American laptop manufacturing company. Discussions centered on the country's ongoing digital transformation and key challenges related to cybersecurity.
Additionally, President Faye visited the facilities of Starlink, a SpaceX subsidiary specializing in satellite connectivity. Talks focused on potential collaboration to deploy this technology, with a particular emphasis on improving connectivity in rural areas.
These various meetings are part of the Senegalese government's ambitious "New Deal Technologique" initiative. This project aims to forge strategic partnerships and position Senegal as a digital hub in Africa. The country hopes to create over 50,000 direct jobs and 160,000 indirect jobs through the digital sector, boosting its contribution to the national economy to more than 10% by 2030.
Samira Njoya