After Running an Event in Africa for the second time in Lagos, Nigeria: Techcrunch Startup Battlefield Africa  where 15 companies took part in competing for the $25,000 equity free grand prize and a chance to attend the TC Disrupt 2019 in SF. The winner of the event was M-SCAN from Uganda, which develops portable mobile ultrasound devices (Ultrasonic probes) that are laptop, …

AfriLabs; the pan-african network of 123 technology and innovation centers across 34 African countries concluded a partnership with Jokkolabs, an ecosystem of open innovation and a network of centers of innovation in 8 countries (Senegal, Cameroon, Gambia, Ivory Coast, Burkina Faso, Mali and France, as well as a representation in Morocco and Congo). The addition of the 12 members of …

Africa’s most valuable company is putting more of its vast war-chest of investment dollars to work in South Africa. Naspers, the Cape-Town based giant, has announced plans to invest $314 million in tech businesses in South Africa over the next three years. Of that amount, around $92 million will be committed to Naspers Foundry, a startup fund for tech businesses. The fund, …

PayPal Inc Holdings Inc has made a strategic investment in Tala, a financial technology startup that lends to underserved consumers in emerging markets, the companies said on Monday. The companies declined to disclose the amount of the investment, but Tala said it will use the funding to further develop its product and broaden its reach. Based in Santa Monica, California, …

Cairo-based HitchHiker has raised $200,000 for its international P2P shipping platform, the startup announced today. The investment came from Dubai-based angel investors. Founded last year by Hussein Mahmoud El-Terawy and Hassan Selim, HitchHiker likes to call itself a social network (available as an Android and iOS app) that connects people wanting to ship something from Point A to Point B internationally with …