Egypt start-up Nawy receives $52m in Series A funding

The companies said for Africa's AI ecosystem to flourish and thrive, platforms and resources for developers and start-ups on the continent must be made available.

Iyinoluwa Aboyeji urged founders to make good use of the money invested in their businesses, as doing so would boost investor trust.

The two companies will deliver connectivity and digital services to Moroccan enterprise customers.

According to the organisers, given Nigeria's track record as a breeding ground for Africa's unicorns, this is a unique opportunity to interact directly with tech talent.

Alexander Hizikias, co-founder and CEO of eQup, describes fintechs as a movement that is transforming people's lives through increased financial inclusion.

A total of 16 companies demonstrated their arsenal of capabilities at the event, including ideal pitching abilities, concise storytelling, pitch decks, and command of their numbers.

The winners will receive a cash contribution of €25,000 for the first prize winner, €15,000 for the second prize winner, €10,000 for the third prize winner.

The company says it uses bees at the heart of the food chain in order to provide people with sustainable consumer products that are 100% natural.

OkHi intends to on-board large banks and fintechs within the next six months as it ramps up its attempts to be a significant driver of financial inclusion across Africa.

The program supported 10 start-ups from six African countries, addressing challenges in healthcare, agriculture, AI, and industrial sectors.

As the summit came to a close on Wednesday, nine winners from over 40 pitching start-ups were named Africa's most noticeable tech start-ups.