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A new report from Endeavor Nigeria reveals that Africa’sdigital economy and tech ecosystem is set to experience exponential growth periods. The report is dubbed “The Inflection Point: Africa’sDigital Economy is Poised to Take Off.”. Africa’sdigital opportunity.
Bento , Nigeria’s digital payroll and human resource management platform is expanding to Ghana, Kenya and Rwanda with plans to set up operations in six other markets in Africa over the next one year. In its next phase of expansion, Bento is eyeing Egypt, SouthAfrica, Uganda, Tanzania, Angola and Ethiopia by the end of next year.
The process used by millions of agents and thousands of property portals globally to reach buyers and sellers on digital channels is highly fragmented. South African startup Flow wants to change how real estate agencies, developers and agents interact with their end customers. million in pre-Series A funding.
Our software digitizes the process of those who write things in hand and helps them figure out their inventory management and recipe yields.”. Others include expanding its network of restaurants and continuing its pan-African expansion drive (into SouthAfrica and much later, Ivory Coast).
New report examines Africa’s growth in the digital economy and VC investment landscape. Adanian Labs targets idea-phase tech startups, offering them all-round support including capital, advisory and operational backing; building them from the ground up. Africa-wide Growth. How Adanian Labs started.
On the high level, people moving from cash to digital for the very first time causes more fragmentation. In April 2021, Stitch launched its payments product in SouthAfrica and noticed a 50% month-on-month growth in payments volume the following six months. Image Credits: Stitch.
Pula , a Kenyan insurtech startup that specialises in digital and agricultural insurance to derisk millions of smallholder farmers across Africa, has closed a Series A investment of $6 million. The round was led by Pan-African early-stage venture capital firm, TLcom Capital , with participation from nonprofit Women’s World Banking.
If you are thinking about adding a Facebook Messenger bot to your organization’s digital strategy, spend some time interacting with other nonprofit bots. Nonprofit adoption of bots is in the early adopter phase although we are well into the next technology disruption: automation. The main program is SMS based. Conclusion.
Yu believes Sokowatch is now ready for a rebrand as it enters its next growth phase — moving from an East African player to a pan-African one. TradeDepot , on the other hand, operates an asset-heavy model across Nigeria, Ghana and SouthAfrica. Sokowatch raises $14M to digitizeAfrica’s informal B2B supply-chain.
and SouthAfrica. Micro, small and medium-sized businesses make up 90% of all businesses in sub-Saharan Africa. And there are new upstarts that provide digital bookkeeping services for a minute number of them in West Africa, such as Sabi Cash, Bumpa, Kippa and OZÉ.
So, to help these ideas come to life, our next phase will focus on working directly with farmers and those in the field to get their feedback, and shape a useful, scalable, sustainable solution. Digital Agriculture Product Manager, World Food Programme Digital Transformation Unit, Nairobi. Interested in getting involved?
Companies are phasing from the first generation of AI, which deals with pattern, text and image recognition, to decision-making AI, which helps them make timely decisions in complex spaces. When InstaDeep launched, Africa wasn’t in the picture detailing AI’s contribution to global economic growth.
After nearly a decade of operation in Uganda, the startup is now set to scale its integrated digital health solution to more regions across the country and within East Africa over the next two years, following a $5 million Series A funding. In the long-term it will pursue growth opportunities in West Africa.
And as g amers in sub-Saharan Africa increase to more than 180 million in the next five years, per a report, s tartups such as SouthAfrica-based Carry1st are strategically positioning themselves for this successive growth phase in the industry. Image Credits: Carry1st.
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