Posts filtered by tags: Africa[x]


Kenya’s Wapi Pay raises $2.2M pre-seed for cross-border payments between Africa and Asia

According to the World Bank, it is more expensive to send money to sub-Saharan African than to any region in the world . It is also the most expensive region to send money from. In Q1 2020, people spent an average of 8.9% to send money to the region, much higher than the global average of 6.8%. There’s much talk around sending money from Africa to the West, which has led to many startups using traditional (fiat) and non-traditional (crypto) means to facilitate cross-border payments betwe...
Tags: Asia, China, Singapore, Africa, Tech, West, Crypto, Kenya, World Bank, Vietnam, Eddie, Latin America, Klarna, East Africa, Pesa, Africa China

South Africa’s Khula closes $1.3M seed to scale its software-for-agriculture platform

The myriad challenges faced by farmers in Africa — inadequate financing, education and input distribution — persist and greatly affect the agricultural output on the continent. But startups are providing innovative solutions to these problems, and South Africa’s Khula is an example. The startup, launched in 2018, is finding its niche in the ever-growing industry.  Today, it announced a $1.3 million seed round to scale operations across the country. On the surface, it would seem agritech i...
Tags: Google, Startups, Africa, Israel, South Africa, Piper, Khula, CPO, Matthew Piper, Jackson Dyora, Khula Tshintsholo, Tshintsholo, AECI, E Squared Investments, Quintin Cross, AECI Plant Health

The pandemic effect is slowing

Welcome back to The TechCrunch Exchange, a weekly startups-and-markets newsletter. It’s inspired by what the weekday Exchange column digs into, but free, and made for your weekend reading. Want it in your inbox every Saturday? Sign up here.  Our work this week kicked off in China, dug into African startup activity, dealt with China once again, took a very deep dive into the Latin American startup ecosystem and wrapped with a second look at the Robinhood IPO. In other words, not much was really g...
Tags: Amazon, TC, Etsy, Ebay, China, Africa, Tech, Fidelity, Seattle, Robinhood, Duolingo, Index, Vanguard, John Hancock, Zer, TechCrunch Exchange

Out of control and rising: why bitcoin has Nigeria’s government in a panic

As leaders around the world grapple with cryptocurrencies, what happened when the African country tried to ban them?When the Nigerian government suddenly banned access to foreign exchange for textile import companies in March 2019, Moses Awa* felt stuck. His business – importing woven shoes from Guangzhou, China, to sell in the northern city of Kano and his home state of Abia, further south – had been suffering along with the country’s economy. The ban threatened to tip it over the edge. “It was...
Tags: Business, Technology, Nigeria, Africa, E-commerce, Bitcoin, Kano, Cryptocurrencies, Guangzhou China, Abia, AWA, Moses Awa, Osy

Daily Crunch: European privacy regulators fine Amazon $887M over targeted advertising practices

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Hello and welcome to Daily Crunch for July 30, 2021. What a week, my friends. It was packed full of IPOs and earnings and startup news and new venture funds. And today was no exception. Before we get into it, however, I am happy to report that Calendly CEO Tope Awotona is coming to Disrupt. It’s also the last day for early-bird passes, which are cheap. See you ther...
Tags: Apple, Amazon, TC, Spacex, Elon Musk, Australia, Softbank, Africa, Samsung, Tech, Tesla, Eu, Spain, Luxembourg, Estonia, Cto

Airtel Africa gets an extra $200M for its mobile money business from QIA

Three months ago, Mastercard invested $100 million in Airtel Mobile Commerce BV (AMC BV) — the mobile money business of telecom Airtel Africa . This was two weeks after it also received $200 million from TPG’s Rise Fund. Today, the African telecoms operator has announced that it has secured another investment for its mobile money arm. The investor? Qatar Holding LLC, an affiliate of the Qatar Investment Authority (QIA), the  sovereign wealth fund of the State of Qatar with over $300 billi...
Tags: TC, Nigeria, Africa, Tech, Qatar, Telecommunications, Qatar Investment Authority, Private Equity, Madagascar, Financial Services, Malawi, Qia, Mastercard, EBITDA, Kenya Uganda, Sub Saharan Africa

Extra Crunch roundup: Livestream e-commerce, growth marketing interviews, CEO for a day

This year, livestream viewers in China are projected to spend more than $60 billion on digital shopping experiences that let them interact with influencers in real time. Promoting everything from cosmetics to food, social media stars use Taobao, TikTok and other platforms to livestream products and take questions from the audience. On Taobao’s Single’s Day Global Shopping Festival in 2020, livestreams racked up $6 billion in sales, twice as much revenue as the year prior. Sensing a trend, West...
Tags: Startups, TC, Entrepreneurship, China, Ipo, Boston, Africa, Tech, E-commerce, Beijing, Chinese communist party, Livestream, Alex, Latin America, Duolingo, Taobao

Egyptian ride-sharing company Swvl plans to go public in a $1.5B SPAC merger

Cairo and Dubai-based ride-sharing company Swvl plans to go public in a merger with special purpose acquisition company Queen’s Gambit Growth Capital, Swvl said Tuesday . The deal will see Swvl valued at roughly $1.5 billion. Swvl was founded by Mostafa Kandil, Mahmoud Nouh and Ahmed Sabbah in 2017. The trio started the company as a bus-hailing service in Egypt and other ride-sharing services in emerging markets with fragmented public transportation . Its services, mainly bus-ha...
Tags: Saudi Arabia, Africa, Tech, Egypt, Middle East, Dubai, Grace, Cairo, Nyse, SPAC, Jumia, Anghami, Swvl, Ahmed Sabbah, Queen s Gambit Growth Capital Swvl, Mostafa Kandil Mahmoud Nouh

Thousands of Scientists Warn Climate Tipping Points 'Imminent'

Thousands of scientists have repeated calls for urgent action to tackle the climate emergency, warning that several tipping points are now imminent. From a report: The researchers, part of a group of more than 14,000 scientists who have signed on to an initiative declaring a worldwide climate emergency, said in an article published in the journal BioScience on Wednesday that governments had consistently failed to address "the overexploitation of the Earth," which they described as the root cause...
Tags: Amazon, Australia, Southeast Asia, Africa, US, Tech, Earth, Ocean, Antarctica, South America, Greenland, South Asia

Using AI to map Africa’s buildings

Between 2020 and 2050, Africa’s population is expected to double, adding 950 million more people to its urban areas alone. However, according to 2018 figures, a scarcity of affordable housing in many African cities has forced over half of the city dwellers in Sub-Saharan Africa to live in informal settlements. And in rural areas, many also occupy makeshift structures due to widespread poverty. These shelters have remained largely undetectable using traditional monitoring tools. Machine learning,...
Tags: Google, Africa, Uganda, Ethiopia, Ai, Google Maps, Ghana, Lagos, Accra, KINSHASA, Drc, Accra Ghana, Dadaab, Sub Saharan Africa, Makoko, Yumbe

Field Intelligence targets 11 African cities to expand its pharmacy inventory-management service

Pharmacies in Africa struggle with access to finance, but inventory management is really what bogs them down. H ow do pharmaceutical retailers know how much stock they need? How do they know which products to stock at a given time? How do they know what products aren’t selling? At the moment, there’s not enough data to answer these questions . Cash gets tied up; there are more or fewer products than are needed at a particular time. If it’s the former, they run a risk of selling expir...
Tags: Nigeria, Africa, Tech, Kenya, Lagos, Shelf Life, East Africa, Nairobi, Abuja, Moreland, Naivasha, Abuja Lagos, Michael Moreland, Field Intelligence, Abuja Co, Delta Edo Enugu Kaduna Kano Kwara

Ivorian fintech Julaya raises $2M to digitize business payments in Francophone Africa

There are over 1 billion mobile money accounts globally. Africa leads the way in transaction value and volume thanks to M-Pesa, largely used in East Africa. Other regions across the continent are also growing fast. In 2019, West Africa reported the most live mobile money services in any region, with 56 million active accounts . In Ivory Coast, one of Francophone Africa’s largest mobile money markets, 75% of the population own a mobile money account, compared to 20% who own bank accounts....
Tags: France, Africa, Tech, Senegal, South Africa, West Africa, Mali, Ivory Coast, Orange, Fintech, Talbot, Saharan Africa, Francophone Africa, Partners Capital, Yoco, Orange Ventures

Daily Crunch: No-code startup Bubble pops with $100 million Series A round

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Hello and welcome to Daily Crunch for July 27, 2021. Today is a good day not only because the U.S. women’s national soccer team is heading to the Olympics quarter finals (shoutout Gotham’s Carli Lloyd!), but also because Danny Crichton just published an incredibly interesting EC-1 digging into RapidSOS. Danny has previously written extensively about disaster tech, ...
Tags: Google, TC, Pinterest, Instagram, China, Boston, New York City, Africa, America, Startup, Tech, Gotham, EC, Alex, Edtech, Shopify

African startups join global funding boom as fintech shines

The Exchange is on a trip around the world, poking our heads into various startup markets to better understand how different geographies are faring during a historic boom in venture capital activity. Globally, the venture capital world is afire, pushing record sums into upstart technology companies. But the capital is not flowing evenly. For example, the explosion in capital raised by U.S. startups this year is contrasted by a modestly cooling Chinese venture capital scene. But apart from China,...
Tags: China, Africa, Tech, Exchange, The Exchange, Dario Giuliani, Julio Dibwe Mupemba, Toumaï Capital, Global Private Capital Association

South African payments startup Yoco raises $83M Series C led by Dragoneer

Small and medium enterprises (SMEs) contribute heavily to the economic success of many countries, particularly those in the developing world. They are the backbone of most economies: Globally, SMEs represent about 90% of existing businesses and create more than 50% of employment. In South Africa, these businesses contribute around one-third of the country’s GDP. Last year, the coronavirus pandemic threatened the existence of some of these SMEs, and its effects linger as owners worry about revenu...
Tags: Africa, Tech, Paypal, South Africa, Middle East, Amsterdam, Cape Town, Dragoneer Investment Group, Gojek, Monzo, Middle East With, Dragoneer, Flutterwave, Yoco, Katlego Maphai, Carl Wazen

South African payments startup Yoco raises $83M Series C backed by Dragoneer

Small and medium enterprises (SMEs) contribute heavily to the economic success of many countries, particularly those in the developing world. They are the backbone of most economies: Globally, SMEs represent about 90% of existing businesses and create more than 50% of employment. In South Africa, these businesses contribute around one-third of the country’s GDP. Last year, the coronavirus pandemic threatened the existence of some of these SMEs, and its effects linger as owners worry about revenu...
Tags: Africa, Tech, Paypal, South Africa, Middle East, Amsterdam, Cape Town, Dragoneer Investment Group, Gojek, Monzo, Middle East With, Dragoneer, Flutterwave, Yoco, Katlego Maphai, Carl Wazen

Daily Crunch: Accused January 6 insurrectionist must use face to unlock laptop, orders judge

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Hello and welcome to Daily Crunch for July 26, 2021. Tech news got off to a cracking start this week after the Chinese government spent the weekend rolling out a new regulatory framework for the myriad edtech startups in the country. The Ant IPO was really just the start of the recent blizzard of changes concerning how China’s government runs its economy. The food ...
Tags: Amazon, TC, China, Berlin, Softbank, Africa, Tech, Nasa, Fbi, Andreessen Horowitz, Portland Oregon, Jeff Bezos, Pepsico, Coca Cola, Musk, Blue Origin

One of Nigeria’s high profile angel investors is launching a fund for African startups

Olumide Soyombo is one of the well-known active angel investors in Nigeria tech startups and Africa at large . Since he began angel investing in 2014, Soyombo has invested in 33 startups, including Stripe-owned Paystack, PiggyVest, and TeamApt. Today, the investor is announcing the launch of Voltron Capital , a Pan-African venture capital firm he co-founded with Abe Choi, a U.S.-based entrepreneur and investor. Voltron will be deploying capital to roughly 30 startups, mostly in pr...
Tags: Usa, Nigeria, Africa, US, Tech, Ifc, Paul Graham, Lagos Nigeria, Abe, CHOI, Patrick Collision, Flutterwave, Partech Africa, Olumide Soyombo, Soyombo, Paystack

Android has won the phone world war

When Android was launched soon after Apple's own iPhone, Steve Jobs threatened to "destroy" it.Ever since, and across the world, the rivalry between both systems has animated users.Now the results are in: worldwide, consumers clearly prefer one side — and it's not Steve Jobs'. A woman on her phone in Havana, Cuba. Mobile phones have become ubiquitous the world over — and so has the divide between Android and iPhone users.Credit: Yamil Lage / AFP via G...
Tags: Apple, Google, South Korea, Europe, Maps, Texas, California, Steve Jobs, Mexico, Saudi Arabia, China, India, Africa, Society, Iran, Canada

Rwandans have long been used to Pegasus-style surveillance | Michela Wrong

Information-gathering always was a speciality of President Paul Kagame. Modern technology has simply extended his remitIt was a silver BlackBerry, surprisingly heavy in the hand, belonging to a businessman who had flown from Kigali to South Africa to visit the exiled former Rwandan intelligence chief Patrick Karegeya. The businessman, Apollo Kiririsi Gafaranga, boasted that he had bought it in Qatar.“It cost me $10,000,” a friend of Karegeya’s remembers the businessman telling them. “It’s a mode...
Tags: Technology, Africa, Qatar, World news, Surveillance, Uganda, South Africa, Middle East, Rwanda, Paul Kagame, Kigali, Patrick Karegeya, Karegeya, Michela Wrong, Apollo Kiririsi Gafaranga

The wild life of billionaire Twitter CEO Jack Dorsey, who eats one meal a day, evangelizes about bitcoin, and had to defend his company in front of Congress

Jack Dorsey onstage at a bitcoin convention on June 4, 2021 in Miami, Florida. Joe Raedle/Getty Images Jack Dorsey cofounded Twitter in 2006, and the company has made him a billionaire. He is famous for his unusual life of luxury, including a daily fasting routine and regular ice baths. Dorsey holds two CEO jobs at Twitter and his payment company Square. Visit Business Insider's home page for more stories. From fighting armies of bots to quashing rumors about sending his beard hair to ...
Tags: Google, Facebook, Mark Zuckerberg, South Korea, Twitter, New York Post, Japan, Elon Musk, Hollywood, Obama, Congress, Washington, Cbs News, Life, Senate, White House

Index Ventures’ trio of new funds leads to $3 billion, and more TikTok

Index Ventures has closed a trio of new funds: a $900 million early-stage fund, a $2 billion growth-stage fund and a previously announced $200 million seed-stage fund. The close gives Index $3 billion in new capital, its largest tranche yet, to deploy into emerging startups and existing portfolio companies, which include the likes of Plaid, Deliveroo and Revolut, which was just valued at $33 billion. Index’s new capital comes a little over a year since it closed its last funds, which were a duet...
Tags: TC, Europe, Africa, Tech, United States, Venture Capital, Andreessen Horowitz, Costco, Plaid, Fintech, Accel, Index Ventures, Index, Goldberg, Mark Goldberg, Martin Mignot

Daily Crunch: Jeff Bezos and 3 guests share Blue Origin’s first crewed flight

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Hello and welcome to Daily Crunch for July 20, 2021. The markets have been active in the last few days, with stocks dropping yesterday before rebounding today. Cryptos have also been suffering from ups and downs. A bit like Jeff Bezos, though his were planned. More on that in a second. — Alex The TechCrunch Top 3 Bezos blasts off: The billionaire space race reac...
Tags: Google, Amazon, TC, Facebook, Europe, China, Africa, Tech, American Express, Un, Ohio, Jeff Bezos, North America, Robinhood, Venmo, Product Hunt

RxAll grabs $3.15M to scale its drug checking and counterfeiting tech across Africa

Research says that counterfeit medication is the cause of 1 million deaths per year. One-tenth of this number comes from Africa. Counterfeiting is hard to detect, investigate, quantify or stop. It is a global problem, with annual earnings from substandard drugs standing at over $100 billion. Some technologies have helped deal with this menace; for instance, radio frequency identification, which works by assigning serial numbers to containers of each product . More modern approaches are bei...
Tags: Health, Startups, TC, Nigeria, Africa, Tech, Thailand, South America, Keisuke Honda, Healthtech, Yale University, Amy, Hax, Lui, SOSV, Wei

What we learned from selling a blockchain service to African governments

Mohammed Ibrahim Jega Contributor Share on Twitter Mohammed Ibrahim Jega is the co-founder of Domineum Blockchain Solutions, a serial tech entrepreneur, startup adviser, fintech expert and blockchain advocate. A major attraction of Africa is its large population of 1.2 billion, which hints at a sizable addressable market. But what happens when your target audience is the governments of 54 countries? In our situation, that was...
Tags: Europe, Nigeria, Africa, Tech, Sierra Leone, Guinea, Kenya, World Bank Group, Sierra, Sierra Leonean, Saharan Africa, FREETOWN, Nigeria South Africa, Mohammed Ibrahim Jega, Domineum Blockchain Solutions, Kenya Gambia

Growth marketing roundup: SEO for 2021, pitch tactics, reviews and more

Google favors large sites more than ever, basically because it is trying to avoid providing misinformation in our polarized age. But sometimes the small sites have key new information — like the content that your startup is trying to share with the world. How can you stand out in the right search results, as algorithms continue to change? Growth marketing expert Mark Spero writes that AI-driven content generators, careful trend tracking, great UX/UI and graphics, and inspiration from your compet...
Tags: Google, TC, Facebook, Asia, Africa, Tech, Kenya, Mitch, Drew Beechler, Growth Marketing, Anna Heim, Jasper Kuria, Tage Kene Okafor, Mark Spera, Nikki O'Farrell, Rhoda Ullmann

Xiaomi has overtaken Apple as the world's second-biggest smartphone seller. Here's how the major players rank.

Apple CEO Tim Cook. Frazer Harrison/FilmMagic Xiaomi has leapfrogged Apple to become the second-biggest seller of smartphones worldwide, Canalys said. The Chinese company shipped 83% more smartphones in Q2 vs the same period last year. Samsung topped the Canalys list, accounting for nearly one in five global smartphone shipments in Q2. See more stories on Insider's business page. Xiaomi has overtaken Apple to become the second-biggest smartphone seller in the world.For the first time, ...
Tags: Apple, Elon Musk, Africa, Samsung, Trends, Tesla, Features, Xiaomi, Latin America, Vivo, Western Europe, Apple Apple, Stanton, International Data Corporation, Ben Stanton, Canalys

Xiaomi Surpasses Apple to Become Number Two Worldwide Smartphone Vendor in Q2 2021

Apple was the number three worldwide smartphone vendor in the second quarter of 2021, according to smartphone shipment estimates shared today by Canalys. Apple's iPhone sales were surpassed by smartphone sales from Samsung and Chinese smartphone maker Xiaomi, with Xiaomi surpassing Apple and taking the number two spot for the first time. Samsung was the most popular smartphone vendor with 19 percent market share and 15 percent growth, while Xiaomi earned 17 percent market share thanks to an ...
Tags: Apple, Africa, Global, Samsung, Xiaomi, Latin America, Vivo, Oppo, Canalys, Canalys Apple, Western Europe Xiaomi, Samsung Canalys, Xiaomi Surpasses Apple

Egyptian social e-commerce platform Taager raises $6.4M led by 4DX Ventures

The global social market is rapidly growing. With over 1.25 million online social sellers in Egypt alone, the Egyptian social e-commerce market is forecast to be worth more than $14.8 billion by 2024 . One of its players, Taager, is a social e-commerce platform enabling online merchants with end-to-end logistics . Today, it is announcing that it has secured $6.4 million in seed funding.  The seed round was led by Pan-African focused VC 4DX Ventures. It also included participatio...
Tags: Startups, TC, Facebook, Ecommerce, Africa, Tech, Egypt, Mena, Facebook Instagram, Jim Breyer, Breyer Capital, Magnus Olsson, Recent Funding, 4DX Ventures, Peter Orth, Social E-commerce

Kenya’s AIfluence closes $1M for its AI-powered influencer marketing platform

Influencer marketing is one of the fastest-growing and one of the most impactful media channels today. There’s a growing ad-blocking movement and key demographics are spending less time in front of TVs . Marketers have now realized that their customers trust the recommendations of people they relate with . However , despite this being an impactful channel, brand teams globally face a major dilemma: determining the ROI of influencer marketing campaigns. AIfluence is a two-year-old sta...
Tags: Asia, Africa, Tech, Middle East, Dubai, Kenya, Fmcg, Antler East Africa, Antler East Africa Oui Capital ArabyAds, Nelson Aseka George Issaias Lamusia Anzaya, Ankit Jindal, Aseka, Melalite Ayenew, Alfluence, Patrick Thiriet

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