Metaverse Magna (MVM), a Nestcoin gaming DAO based in Nigeria that distributes mobile games in emerging African markets and builds developer tools for Web3 gaming, has completed a seed sale token round of $3.2 million at a $30M fully diluted value. Investors included South Korean video game developer Wemade, Japan-based blockchain-focused venture capital firm Gumi Cryptos…
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Meta has announced that applications for the AR/VR Africa Metathon in partnership with Imisi 3D and BlackRhino VR are now open. The AR/VR Africa Metathon is a series of programmes and activations under the Meta global XR fund aimed at supporting African XR talents to build innovative solutions that demonstrate various use cases of the…
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Liquid Intelligent Technologies, a business of Cassava Technologies in Zambia, is expanding its operations to Central Province by launching its first office in Mkushi. This launch will bring high-speed connectivity and a suite of intelligent technologies to the district for the first time. With the opening of this new branch in the country, the pan-African…
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Visa Inc. the global payments technology company, has outlined its commitment to expanding digital payments in the Democratic Republic of Congo by establishing local business operations and working closely with the government and financial ecosystem to bring the benefits of digital payments to consumers, merchants, and partners. Visa marked the official opening of its Kinshasa…
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Crypsense Digital Group a Kenyan based Digital Assets Capacity Building & Management Platform is among the first African based Web 3 startups to qualify for the Draper VeChain Web 3 Accelerator Program. A 12 Week Accelerator Program delivered globally to high-growth blockchain companies. The team pitched together with some of top 15 globally fastest growing…
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Norebase, an African startup that allows entrepreneurs to start businesses and expand into other markets, has announced its partnership with Mercury — the fintech company building a banking stack for startups — to give its clients looking to incorporate to the U.S an all-in-one neo banking experience. Norebase has stated that this partnership with Mercury, will…
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Kenya-based startup Lami Technologies has raised a US$ 3.7m seed extension to expand its insurtech product across Africa. The extension was led by Harlem Capital, an early-stage venture firm that invests in seed-stage tech-enabled startups, focused on minority and women founders. Participating in the round were early-stage venture capital firm, Newtown Partners; Peter Bruce-Clark, a…
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Adaverse, a Cardano ecosystem accelerator set up to encourage the growth of Web3 crypto-native enterprises in Africa, announced its investment into a seed funding round for Afriguild, a blockchain gaming guild-turned DAO (decentralized autonomous organization) providing opportunities for Africans through gaming, education, and community building. Adaverse and EMURGO Africa have joined other notable investors in this…
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CFAO Motors, the sole distributor of Suzuki cars in Nigeria, has partnered with ETAP, an InsurTech company that creates solutions and incentives to improve the automotive experience across Africa, to enable seamless access to insurance with every new car purchased from the Suzuki network in Nigeria. As part of the partnership, drivers will now be able to buy insurance…
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