Timali Group

Ooredoo Group Secures Major Funding for Data Center and AI Expansion in MENA Ooredoo Group, the Qatar-based telecommunications giant, has secured a significant financial boost to accelerate its data center and artificial intelligence (AI) infrastructure expansion in the Middle East and North Africa (MENA)region. The company has signed a financing deal worth 2 billion Qatari Riyal (US$549 million) with QNB, Doha Bank, and Masraf Al Rayan. This 10-year […] The post Ooredoo Group Secures Major Funding for Data Center and AI Expansion in MENA appeared first on Tech In Africa. https://lnkd.in/gWZKJSpr

Rise Halts Virtual Card Services Amid Exchange Rate Volatility and Provider Challenges Nigerian investment startup Rise has announced that it will discontinue its virtual card services, citing the unique challenges associated with offering such services in Nigeria. The fintech company has confirmed that the service will officially end on September 30, 2024. This move follows a similar decision by another Nigerian digital bank, Carbon, which discontinued its […] The post Rise Halts Virtual Card Services Amid Exchange Rate Volatility and Provider Challenges appeared first on Tech In Africa. https://lnkd.in/gAnAeutE

Kofa Technologies Expands EV Battery Swapping Network Across Ghana Kofa Technologies, a Ghanaian startup specializing in clean and portable battery solutions, has teamed up with PASH Global, an impact investor, to expand its battery-swapping network in Ghana. The initiative plans to deploy 6,000 batteries and establish up to 100 swap stations across the country, enhancing reliable energy access and promoting clean energy use while […] The post Kofa Technologies Expands EV Battery Swapping Network Across Ghana appeared first on Tech In Africa. https://lnkd.in/g2mc5TrT

Talk360 Raises Funds to Bridge Communication Gaps for African Diaspora Talk360, an innovative international calling app, has successfully secured $1.4 million in a Pre-Series A funding round. The investment was spearheaded by Havaic, a long-standing supporter of the company. This financial boost aims to propel Talk360 towards its ambitious goal of connecting seven million users by 2025 while solidifying its path to long-term profitability. The […] The post Talk360 Raises Funds to Bridge Communication Gaps for African Diaspora appeared first on Tech In Africa. https://lnkd.in/gc8xcMRP

Foodpreneurs Hub: Bridging the Gap in Africa’s Food Security Challenge Foodpreneurs Hub, a Nigerian foodtech startup, has recently secured $500,000 in pre-seed funding to further its mission of addressing food insecurity across Africa. The company, which aims to bridge the gap between food production and post-harvest loss, plans to use this investment to accelerate its efforts in supporting food entrepreneurs throughout the continent. Founded by […] The post Foodpreneurs Hub: Bridging the Gap in Africa’s Food Security Challenge appeared first on Tech In Africa. https://lnkd.in/gCcyabZe

Madagascar : Augentic and Thales compete for Prodigy contracts worth €24m By the end of the month, the Madagascan government is expected to award two additional contracts under Prodigy, a World [...] https://lnkd.in/g96zaz3a

Fintechs Face Delays in Kenyan Expansion Due to Lengthy Licensing Procedures For fintech startups expanding into Kenya, obtaining an operating license is often the most challenging hurdle. A Payment Service Provider (PSP) license can take up to two years due to approval delays, pushing startups to seek alternative solutions like forming partnerships with telecoms, banks, and mobile money providers. “We don’t enable services that require a […] The post Fintechs Face Delays in Kenyan Expansion Due to Lengthy Licensing Procedures appeared first on Tech In Africa. https://lnkd.in/gzw8rFD9

Promising Startups from Nigeria and Kenya Highlighted as Potential Major Exits Within 5-10 Years Cleva is a fintech company supported by Y-Combinator. tappi is a SaaS startup focused on digitizing small businesses. Two African startups, Cleva and tappi, have been recognized among 50 global startups anticipated to achieve successful exits within the next five to ten years. This recognition comes from CB Insights, a global tech startup analytics firm, […] The post Promising Startups from Nigeria and Kenya Highlighted as Potential Major Exits Within 5-10 Years appeared first on Tech In Africa. https://lnkd.in/gkTUUt7d

AgDevCo Secures $32 Million to Establish AgDevCo Ventures for African Agribusiness AgDevCo, a specialized investor in African agriculture, has announced that it has secured $32 million in funding from the UK’s Foreign, Commonwealth, and Development Office (FCDO) to launch AgDevCo Ventures, a new investment initiative aimed at supporting early-stage agribusinesses in Africa. This strategic initiative is designed to foster the next generation of agribusinesses by offering […] The post AgDevCo Secures $32 Million to Establish AgDevCo Ventures for African Agribusiness appeared first on Tech In Africa. https://lnkd.in/gGYrkWhs

VCs Show Increasing Interest in African Climate Tech Startups When Priscillah Wakerera and Soinato Leboo established Rhea, an agritech startup that offers soil testing services to smallholder farmers in Kenya, in 2022 securing funding from investors proved to be significantly more challenging. During that time, fintech and e-commerce startups remained the preferred choices for venture capitalists. Investments in climate and agritech were minimal, and […] The post VCs Show Increasing Interest in African Climate Tech Startups appeared first on Tech In Africa. https://lnkd.in/g6-8MWRt