Mauritian fintech targets key growth markets

Itana says while global markets invest billions into infrastructure such as computing capacity, sovereign data storage, and cloud infrastructure, Africa remains constrained.

The six-month initiative, which begins in August, will include one-on-one mentorship, hands-on workshops, and practical sessions to assist founders.

President Hassan declared start-ups essential to Tanzania’s future, outlining major initiatives to boost innovation, including over 460 ongoing projects.

Morocco has nearly tripled its start-up funding to $94.96 million, positioning itself as North Africa's growing technology powerhouse.

The funds, according to the business, will allow it to speed product development, scale local operations, and hire new talent.

The top three winning teams will get €10,000 in seed funding: €6,000 for first place, €2,500 for second place, and €1500 for third place.

The funds will enable Nawy to expand its artificial intelligence and data infrastructure capabilities and enter new markets.

The funds will enable Kofa to expand its artificial intelligence-powered battery-swapping network in Ghana, Kenya, and beyond.

The South African start-up uses technology, especially AI, to explore the potential of African medicinal plants for discovering new drugs.

Mosime's new job intends to achieve meaningful change in increasing financial inclusion, facilitating cross-border economic engagement.

Visa described this investment as a significant milestone in its efforts to enhance financial inclusion.