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Tech Wearable: VezoPay Launches Africa’s First Smart Ring in South Africa 

While Samsung is gearing up to launch its smart ring later this year, South African-based company VezoPay has beaten the tech giant to launch Africa’s first-ever smart ring which is set to mark a significant leap in contactless payment technology on the continent.   Embedded with Near-Field Communication (NFC) technology, VezoPay’s state-of-the-art ring is designed […]

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Third Crypto Hoax? $DAVIDO’s Early Dip and SEC Disclaimer Connects Worrying Dots 

Afrobeats mega superstar Davido found himself in quite the cryptocurrency fiasco after Nigeria’s Securities and Exchange Commission (SEC) warned investors about his recently launched $DAVIDO meme coin.    $DAVIDO was launched on the Solana blockchain on Wednesday, May 29, and racked in about $10 million market capitalisation within four hours. However, what initially appeared to […]

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VC Firm Fearless Fund Barred From Providing Grants to Black Women Entrepreneurs 

The U.S. Court of Appeals for the 11th Circuit has banned Atlanta-based venture capital firm Fireless Fund from continuing its initiative to issue grants exclusively to Black women entrepreneurs.   Fearless Fund, a black-owned firm founded by Arian Simone and Ayana Parsons in 2019, is the first VC fund by women of colour for women […]

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Sara Menker’s Gro Intelligence: Meteoric Rise, Mounting Challenges, and Ultimate Shutdown

Ten years ago, Ethiopian-born Sara Menker, driven by her childhood famine experiences, founded Gro Intelligence. This artificial intelligence-powered platform empowers businesses with actionable data across agriculture, climate, and global economics.    Initially established in Nairobi, Kenya, Gro Intelligence’s reach extended far beyond Africa’s shores. With offices in New York and Singapore, the company has served […]

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Microsoft Invests $70M to Boost SMEs and AI Development in South Africa

Microsoft has intensified its efforts to boost South Africa’s growth, following the investment of over R1.3 billion ($70M) into small, micro, and medium-sized enterprises (SMMEs) and artificial intelligence (AI) transformation in the country.   The company aims to equip over 2000 SMMEs and over 2000 individuals with advanced AI know-how and other technical capabilities needed […]

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OpenseedVC Launches $10m Fund to Empower Startups in Africa and Europe

London-headquartered, African-centred venture capital firm OpenseedVC has reached its initial stage of its $10 million fund for early-stage startups across Africa and Europe.   OpenseedVC’s inaugural $10 million fund is dedicated to supporting founders with domain expertise. The VC firm anticipates a second close by May next year.   Launched in 2024 by Maria Rotilu, […]

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Flutterwave Assures Safety of Customers’ Funds Amid Alleged ₦11 Billion Breach 

San Francisco-headquartered, African-centred fintech company Flutterwave has guaranteed the safety of their customers’ funds, amidst reports of an alleged ₦11 billion security breach.    On Thursday morning, TechCabal exclusive report states that some unidentified persons illegally transferred ₦11 billion ($7 million) from Flutterwave’s coffers to several accounts, in order to evade fraud checks.   While the […]

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Marie-Reine Seshie’s Kola Market Transformational Impact on African SMEs

After over a decade-long experience in the marketing and banking sector, Ghanaian international Marie-Reine Seshie set out to address the critical challenges faced by wholesalers, retailers, and distributors in the fast-moving consumer goods (FMCG) sector with the establishment of Kola Market in 2021.   Born and raised by an entrepreneur, Seshie understood the struggles of […]

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Senegal-Based Startup Maad Raises $3.2M Seed Funding to Enhance Expansion  

Maad, a fast-growing Francophone B2B e-commerce startup headquartered in Senegal, has successfully secured $3.2 million in debt-equity funding.   This infusion of capital aims to fortify Maad’s expansion efforts within Senegal and pave the way for new ventures across the broader Africa’s Francophone region.    The seed round, led by Ventures Platform, saw significant participation […]

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Google Set to Introduce AI Training for Attendees in 2024 Hustle Academy Cohort

Google has opened applications for small and medium-sized businesses (SMBs) in Sub-Saharan Africa for the 2024 Hustle Academy Cohort where Artificial Intelligence (AI) training will be integrated directly into the curriculum.   Launched in 2022, the Hustle Academy—a free, five-day virtual bootcamp—seeks to bridge the gap between skill acquisition, funding, and business execution by offering […]

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Binance Standoff With Nigeria Government: All You Need to Know 

On Tuesday, May 7, Richard Teng, the Chief Executive Officer of Binance, the world’s largest cryptocurrency exchange platform, made a startling revelation by accusing certain Nigerian officials of attempting bribery with the firm’s representatives in Abuja.   What happened?   Over 70 days ago, the Nigerian government during a probe into an alleged market manipulation […]

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