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 …

The 3rd edition of the AfriLabs Annual Gathering recently came to a close in Dar es Salaam Tanzania. The Gathering, held from 11th to 13th October,  was organized by AfriLabs (a network of 123 technology and innovation hubs in 34 African countries) in partnership with Sahara Accelerator, a local member of our pan-African network. As a prelude to the Annual …