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How Platforms Pay African Creators
Africa has one of the world’s fastest-growing creator economies, with millions of people producing videos, podcasts, music, newsletters and other digital content. Yet many African creators often earn less from major platforms than creators with similar audiences in markets such as the United States, United Kingdom and parts of Europe. The difference is not necessarily…
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Masakhane Funds African-Language AI Projects
The Masakhane African Languages Hub has awarded 26 projects under the LINGUA Africa initiative, marking a major step toward making artificial intelligence more inclusive and representative of Africa’s linguistic diversity. The programme is supported by the Microsoft AI for Good Lab, the Gates Foundation, Masakhane African Languages Hub and Google.org. The selected projects cover more…
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FMO Backs M-KOPA’s Electric Mobility Expansion
Dutch development bank FMO is preparing a $30 million senior-debt financing package for M-KOPA Kenya Mobility, the electric-mobility subsidiary of African fintech company M-KOPA. The proposed financing is designed to expand access to electric motorcycles in Kenya while supporting the company’s growing pay-as-you-go financing portfolio. The package is structured through three components. FMO will provide…
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Nigeria Launches $350K Startup Funding Programme
Nigeria has opened applications for a new accelerator programme that could give selected early-stage technology startups access to as much as $350,000 in funding. The initiative is part of the Federal Government-backed Investment in Digital and Creative Enterprises (iDICE) Programme and is being implemented through the Bank of Industry (BoI). Known as the iDICE Startup…
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Mylerz Raises $2M to Expand Egypt’s E-Commerce Logistics
Egyptian logistics company Mylerz has secured more than $2 million in fresh debt and equity financing as it moves to strengthen its operations and expand the infrastructure supporting Egypt’s growing e-commerce market. The funding, worth more than EGP100 million, was led by Lorax Capital Partners, with participation from Egyptian payments company Fawry and other existing…
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Zazu Secures Seed Funding to Expand African Fintech
South African fintech startup Zazu has secured a seed investment from pan-African venture capital firm Launch Africa Ventures, giving the company fresh backing as it works to transform financial services for entrepreneurs and small and medium-sized enterprises (SMEs) across Africa. The investment adds Zazu to Launch Africa Ventures’ Seed Fund II portfolio and comes as…