MTN Group invests in the metaverse, buys 144 plots of virtual land

MTN Group has bought 144 plots in Ubuntuland, a South African virtual land for an undisclosed sum.

BD Insider: Binance’s crypto education, Egypt’s $50 million VC fund

BD Insider, Letter 102 covers Binance's crypto education in Nigerian universities, Egyptian $50 million venture capital fund for tech startups and Weaver Fintech's acquisition of PayJustNow

Startup Accelerators

Accelerators give startups the opportunity to test run their business model in a safe space so they can spot weaknesses and adjust things as they go along.

AFEN partners with Plateau Smart Tourism to digitize tourism in Plateau state

AFEN Blockchain is partnering with Plateau Smart Tourism to virtualize tourism sites in Nigeria's "home of peace and tourism".

Voyance gets $500,000 pre-seed, launches two flagship products Manhattan DB and Sigma

The $500,000 pre-seed round was led by Beta.Ventures, an early-stage investment firm supporting leading tech entrepreneurs and tech-enabled startups in Nigeria.

Canza Finance secures $3.27 million to empower underserved sub-Saharan Africa SMEs with financial services

Nigeria's Canza Finance has closed a $3.27 million seed round to empower underserved sub-Saharan Africa SMEs with financial services

TradeDepot acquires B2B eCommerce platform, Green Lion, to accelerate expansion across Ghana

The Green Lion team will join TradeDepot to build the future of retail and make food and supplies more accessible and affordable for even the most remote consumers on the continent.

Jambo secures $7.5 million in seed funding to build a super app for African youths

Jambo wants to create financial prosperity for billions across the continent and foster the next generation of Web 3 innovators, builders, and creators.

Kids That Code partners with Chess in Slums Africa to teach coding to kids

This partnership will see these youngsters rehabilitated by Chess In Slums Africa, equipped with the tools, mentorship, and vital skills required to conquer the world.

54gene to advance genomics research in Africa, awards $64,000 scholarship to 4 Africans

54gene has awarded scholarships to four African PhD candidates to advance genomics research on the continent.

BD Insider, Letter 101: Mara Phone’s controversies, Gozem expands to Cameroon

In the BD Insider, Letter 101, we covered Mara Phones’ demise in South Africa and the controversies, Gozem expansion into Cameroon.

Earnipay raises $4 million seed funding to provide on-demand salary to employees in Africa

Earnipay uses its technology to offer employees the opportunity to access their earned salaries into their accounts flexibly, in real-time and interest-free.