Outlierz, a new Morocco-based seed investment fund, dedicated to providing smart capital to African startups, has been launched. According to Aptantech, the Outlierz seed fund is the culmination of three years of hard work which involved connecting entrepreneurs and building a startup community in Morocco from the ground up. “We started from a simple yet striking conclusion: too many startups fail at the pre-seed and seed stages because of a lack of appropriate resources. We intend to change that by providing smart capital to the continent’s most promising companies. The target outcome will be a stronger pool of high potential startups that are ready for subsequent investment and, in the end, lead to success stories that are uniquely African,” said Kenza Lahlou, founder and MD, Outlierz.
The answer to Africa’s future in the digital realm will come from several startups that instead of importing foreign technologies to solve continental problems, invent tailored solutions for the region and grow into fully developed firms. According to African Exponent, Mobile and cloud may be global technologies, but these African startups have explored their functionalities, shaped their applications and used them to build differentiated business models suited to their markets. They have created new and uniquely African technologies that speak to their lifestyles and complexities, using the infrastructure as a base to deliver key services in ways the rest of the world would never have thought to. No one has ever doubted that Africa has a thriving entrepreneurial spirit. Despite sub-Sa
Uber Kenya has unveiled a revamped rider application. A “where to?” feature was added, unlike the old version that focused on where the rider was departing from, this new feature starts with the riders destination. Speaking at the forum in Nairobi, Uber Kenya’s Operations Lead said, that the Ridsharing App rebuilt the application from the ground-up putting the riders at the heart of it. The redesigned rider app is faster, smarter, and more reliable than before. According to IT News Africa, Kenyans are taking to the app with a 68 percent adoption rate. The revamped Uber app now includes features such as upfront pricing and estimate time of arrival at the destination, so that riders have the information they need to make the best decision for their wallet and schedule. Other fea
Ethiopia is pressing ahead with ambitious development plans with energy being the core to the mission of becoming the wind power capital of Africa. The East African state has enjoyed a decade of strong growth, giving rise to profitable industries, new infrastructure, and showpiece summits. Ethiopia was among the most daring signatories to the Paris Agreement on climate change, committing to cut carbon emissions by 64% by 2030. The government has ploughed billions of dollars into hydropower megaprojects such as the Grand Renaissance Dam -- which will be the largest dam in Africa -- and the freshly-inaugurated Gibe III Dam. According to CNN, Ethiopia inaugurated one of the continent's largest wind farms in 2013 -- the $290 million, 120-megawatt (MW) Ashedoga plant. This was
African tech startups raised funding in excess of US$129 million in 2016, with the number of startups securing funding up by 16.8 per cent compared to the previous year reports Tech city. The Disrupt Africa Startups Funding Report displays substantial growth in the number of startups to raise funding as compared to the previous year, although the overall total amount of funding recorded declined. Of the nine sectors analysed in the report, the fintech sector received the most backing in 2016, with startups in this space raising a combined US$31.4 million, 24 per cent of the overall total. According to Tech city, the report also makes available data on the startup acquisitions which took place in 2016; as well as the results of surveys relating to preferences and trends wit