Bfree gets $3m to promote financial inclusion in Africa

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

The partnership sees the government offer its support and resources to leverage the potential of digital free zones to create 100,000 high-value jobs over the next five years.

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.

The competition targets early-stage business-to-business start-ups with proven traction and core teams based in Africa.

The firm says the fresh capital injection will enable it to accelerate and become the go-to platform for health-conscious consumers across Saudi Arabia.

The MTN Group and MTN Zakhele Futi suggested extending the scheme's term for three years, until November 2027.

To truly unlock the potential capabilities of AI across all sectors including investment, the potential challenges and risks of the technology must be understood and safeguarded.

Africa's space start-ups have raised approximately $233 million since 2015, with 84% of the total raised since 2021.

MTN Group CEO and president, Ralph Mupita, says more certainty is needed to encourage the necessary investment for the continent to get connected.

The database vendor has strengthened its position in the country and continent by revealing investment plans.