Startups

vambo academy

Vambo Academy Introduces New Feature to Empower Language Learners

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Vambo Academy, a pioneering African languages startup, has recently unveiled an exciting addition to its language learning platform, VamboAI. The latest feature allows users to save their past prompts and revisit them at their convenience, enhancing the learning experience and promoting personalized language development. Just a week ago, VamboAI was launched as part of the […]

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Sciency

Zimbabwean Startup Sciency Wins Falling Walls Engage Competition

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Sciency, a Zimbabwean startup dedicated to providing affordable access to practical STEM and Robotics Education in Africa, has achieved a remarkable feat by winning the prestigious Falling Walls Engage Competition. This global platform for Science Engagement, hosted by the Falling Walls Foundation in collaboration with the Robert Bosch Stiftung, recognizes and celebrates outstanding practitioners who

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Jumia

Jumia Rises from the Ashes, Records Lowest Losses in Four Years

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In the first quarter of 2023, Jumia, the African e-commerce giant, reported its lowest losses in four years. The company’s adjusted EBITDA and operating losses experienced a significant decrease, reaching $27 million and $30.9 million, respectively. These figures represented a 55% and 57% decline year-over-year, putting Jumia on track to meet its end-of-year target of

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FlexID launches FlexPay: Using WhatsApp to Redefine Peer-to-Peer Payments in Africa

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FlexID, a blockchain identity startup based in Zimbabwe, has recently launched FlexPay, a peer-to-peer (P2P) service, on the Algorand blockchain mainnet. The company’s goal is to establish a self-sovereign identity platform, addressing the issue of millions of impoverished individuals lacking identification in certain parts of Africa. FlexID envisions creating a decentralized marketplace of people, where

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Flutterwave’s Troubles Worsen: Kenyan Judge Rejects ARA’s Bid to Withdraw Fraud Case

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Kenya’s Assets Recovery Agency (ARA) has been denied its request to withdraw its second case against Flutterwave, an African fintech giant, by the country’s High Court. The ARA had frozen $3 million belonging to Flutterwave, Hupesi Solutions, and Adguru Technology Limited in August 2022 on suspicion of money laundering and fraud. The ARA had also

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Sadza Cooker

New Sadza Cooker Invented by Zimbabwean Chef

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A new kitchen appliance aims to make cooking sadza, Zimbabwe’s iconic mealie meal porridge staple food, faster and easier. The Sadza Cooker, invented by Zimbabwean entrepreneur Caroline Gundu, works by mixing water and mealie meal inside a sealed container with a heating element and rotating paddle stirrer. Controls allow the appliance to precisely set the

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Design Mate: The Future of Interior Design is Here

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If you’re looking to revamp your living space but don’t know where to start, Design Mate is an AI-powered interior design chatbot that can provide instant inspiration and ideas tailored to your unique style. Forget spending hours scrolling through Pinterest boards or working with expensive interior designers. With Design Mate, all you need is WhatsApp

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African Startup Kubik raises $3.34 million seed funding

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A report by the Organisation for Economic Co-operation and Development (OECD) predicts that global plastic waste production will triple to over 1,000 million tons by 2060. Developed countries are expected to continue producing the most plastic waste per person, while Africa and Asia are expected to experience the fastest growth due to population growth and

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Eze, a YC-backed African Tech StartUp raises $3.7million

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Eze, a B2B marketplace connecting global electronic wholesalers to trade devices in large quantities with real-time market data, has raised $3.7 million in an oversubscribed seed round. The startup, founded by Joshua Nzewi and David Iya in 2020, connects distributors and retail stores of used smartphones, mostly iPhones, and other electronics including laptops and tablets

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Tyme Bank

Tyme Bank heats up with $77.8M funding led by Norrsken22 and Blue Earth Capital

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TymeBank, a South African digital banking platform, has raised $77.8 million in a pre-Series C funding round. The round was led by African-focused growth-stage fund Norrsken22 and Swiss global impact investment firm Blue Earth Capital. Tencent, the lead investor in the fintech’s $70 million Series B extension raise in December 2021, also participated in this

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