Welcome to our website where we share news, opinions, reports, and so much more of interest to the startup transformation community in Africa…

7 African startups win grants from GSMA Innovation Fund (Africa – techloy.com)
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GSMA, a trade group that represents network operators using GSM technology for their networks, has announced the selection of 9 startups to receive grants from its Ecosystem Accelerator Innovation Fund, including seven from Africa. Launched last year, the Innovation Fund is aimed at identifying startups with the greatest potential for growth and provide them with…

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East Africa: Shs31 Billion Logistics Hub to Be Constructed in Gulu (East Africa – allafrica.com)
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Kampala — Government has secured funding for the construction of the first logistics hub at the Gulu Railway station, targeting the markets in South Sudan through Alegu and the Democratic Republic of Congo (DRC) through West Nile. South Sudan and DRC are Uganda’s largest export markets. According to Mr Benon Kajuna, the director transport in…

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Jamii Bora targets investors with creation of new shares (Kenya- businessdailyafrica.com)
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Jamii Bora Bank shareholders have approved the creation of 30 million new ordinary shares that will be used to raise the bank’s capital through seeking out a strategic investor, undertaking a rights issue or converting debt over the next five years. “It is our vision to make Jamii Bora a strong mid-tier bank in the…

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Paga partners NIPOST to bring financial services to everyone (Nigeria – techloy.com)
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Leading mobile payments company Paga already covers Nigeria than all the Nigerian banks combined but it is spreading its tentacles further across the country through a partnership with the Nigerian Postal Service (NIPOST). The partnership will see NIPOST offices across the country turned into robust financial services centres, providing financial services to virtually all Nigerians.…

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Kenya’s Paygo Energy raises $1.43m to build its next generation smart meter & expand across Nairobi (Kenya- techmoran.com)
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Paygo Energy, a smart-meter pay-as-you-go LPG provider has raised US $1.43M in Series Seed debt and equity financing led by Novastar Ventures, Energy Access Ventures and Village Capital with participation from Global Innovation Fund and Global Partnerships/Eleos Social Venture Fund to support the expansion of its team and customer base in Nairobi, the development of…

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AreaStatus: An Online Platform To Get Updates About Happenings In Your Neighbourhood ( Nigeria – techmoran.com)
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There are quite a number of neighbourhoods in Nigeria that are quite volatile. This moment it is very peaceful, the next moment it is chaos. Regardless, it doesn’t have to be a volatile area. It could be any area. For you who go through these volatile routes, you always want to know what is actually…

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Global tech startup report reveals SA performing well, but still lags far behind key global standards (South Africa – htxt.co.za)
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South Africa’s top tech startup ecosystem hubs, Cape Town and Johannesburg are fairing well in terms of growth, but still lag quite far behind in areas such as funding and value, according to the Global Startup Ecosystem Report 2017. The Global Startup Ecosystem Report (GSER) is produced by Startup Genome in collaboration with  the Global Entrepreneurship…

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Ten fintech startups chosen for Barclays Accelerator programme (South Africa – htxt.co.za)
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Barclays Africa and Techstars have named the ten fintech startups which will participate in a 13-week acceleration programme. All of the finalists in the programme are focused on creating fintech solutions for Africa including digital trading platforms, simplifying investments and much more. “Each of the ten successful companies represented something unique that we believe has…

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World Bank scheme to support Africa’s top digital entrepreneurs (Africa – newtimes.co.rw)
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The World Bank Group has launched a five-month business acceleration programme, dubbed XL Africa, designed to support 20 most promising digital start-ups from Sub-Saharan Africa. The start-ups will receive mentoring from international and local experts, acquire skills through a tailor-made curriculum, grow their regional visibility, and have access to potential corporate partners and investors. Read…

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Applications open for Africa Tech Pitch LDN (Africa – techloy.com)
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The African Technology Business Network (ATBN) has opened applications for the 2017 of London-based Africa-focused startup competition, Africa Tech Pitch LDN. Now in its third year, the competition is aimed at providing Africa-focused tech startups an opportunity to showcase their solutions to the London Tech ecosystem. The last edition was won by e-publishing company that publishes…

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Nigeria’s first truly app-only bank set to launch soon (Nigeria- techloy.com)
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Yes you read that right. The country’s first truly app-only bank is set to launch soon and I cannot contain my excitement; y’all know my reasons aren’t far-fetched. I’ve always described Nigerian banks as “house of hassles”. From opening a bank account, to depositing and transferring funds, withdrawing same funds, or picking up something as…

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10 startups picked for 2017 Barclays Accelerator in Cape Town (South Africa – techloy.com)
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US-based startup accelerator that provides mentorship-driven seed stage investment services, Techstars has picked 10 startups for its second Barclays Accelerator in Cape Town. Launched last year by RISE, Techstars and Barclays, the accelerator is a three months intensive startup accelerator focused on innovations in financial services. 10 startups, encompassing a wide array of verticals with fintech, from across the…

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