Grace Ashiru

Police in Nairobi have arrested Martin Kariuki Maina and Johnson Gituma Mwangi, both directors of Flexitech Group Limited, the company behind the save-now-buy-later fintech FlexPay.

Hossam Hosny and Ahmed Khallaf started the company in 2015, teaching coding, technology and AI to children and young people.

The Federal Ministry of Education has opened applications for the Student Venture Capital Grant, offering student-led ventures up to ₦50 million in funding that takes no equity. Despite the name, this is a grant programme, not a venture fund.

SANDI AI Technologies has won a $50,000 GoGettaz Agripreneur Prize at the Africa Food Systems Forum Summit in Kigali, taking the female-led grand prize for an AI system that scores smallholder farmers for loans they can't get through conventional channels.

The monthly total marked a significant rebound from July's subdued performance of $102 million.

ARC Ride has raised $33.3 million in a mix of equity and asset-backed debt financing to expand its battery-swapping network and accelerate the adoption of electric motorcycles across Africa.

Modern digital platforms often appear simple on the surface. A payment is completed instantly, a message arrives in real time, or a live update appears without delay. Behind these experiences are complex technologies designed to solve some of the biggest challenges in computing: creating trust, protecting information, and delivering data quickly to thousands or even millions of users.

South Africa’s Grindstone Ventures has launched a R500 million, approximately $31.2 million, venture capital fund targeting technology-driven African companies seeking to move from Seed funding to Series A. Led by Grindstone Ventures CEO Thandiwe Maqetuka, the fund was established in partnership with Knife Capital and Thinkroom. It is targeting an initial close of R150 million […] More

African EdTech accelerator Injini has launched an eight-month venture-building programme designed to help early-stage teams develop artificial intelligence solutions for classrooms across Southern Africa. The AI for Education Venture Builder and Incubation Programme, supported by Coefficient Giving, will select 12 teams from Botswana, Eswatini, Lesotho, Malawi, Mozambique, Namibia, South Africa, Zambia and Zimbabwe. Unlike traditional […] More

The investment will support expertise across areas including artificial intelligence, data, engineering, cybersecurity, Oracle, ServiceNow and supply-chain technologies.