Cadana has raised $7.1 million in seed funding this year. Launched in 2021, the startup allows global workforces to integrate payments and payroll management into their systems. Cadana According to the company, the world’s largest payroll platforms and talent marketplaces use Cadana’s APIs to build compliant hiring products in Africa, Asia, and Latin America. Founders Albert Owusu-Asare and Ameer Shujjah, who are originally from Ghana and Pakistan, gained years of experience working at Amazon, Esusu, and Goldman Sachs before founding the company. Although the pair appreciated their version of the
Breega, a Paris-based venture capital firm, has announced the first close of its $75 million Africa-focused fund, designed to back pre-seed and seed-stage startups. Expanding Horizons With Local Presence Breega’s new fund, “Africa Seed I,” marks its first foray outside Europe and aligns with opening two new offices in Lagos and Cape Town. These new locations join Breega’s existing offices in Paris, London, and Barcelona, enhancing its presence across the EMEA region. According to Ben Marrel, Breega’s co-founder and CEO, the firm’s approach is rooted in its “founders-for-founders” ethos, offering
Pariti, a platform dedicated to creating economic opportunities through entrepreneurship, has partnered with NVIDIA. This collaboration aims to train over 2,000 developers across the African continent in deep learning through the NVIDIA Deep Learning Institute (DLI). Training Over 2,000 Developers in Africa Pariti’s educational series, in partnership with NVIDIA, will leverage the NVIDIA DLI to provide intensive artificial intelligence and machine learning (AI/ML) training to over 2,000 developers. These sessions will cover NVIDIA’s AI/ML stack and culminate in free certification for participants. The initiative primarily targets university students from Kenya,
17-year-old Emmanuela Ilok from Nigeria has been awarded full scholarships to study software engineering at some of the world’s most prestigious institutions, including Stanford, MIT, Yale, UPenn, Princeton, and Columbia. Academic Excellence and International Recognition Ilok’s journey to securing these scholarships began with her performance in the International General Certificate of Secondary Education (IGCSE) in Nigeria, where she was recognized as the top performer by the British Council, according to Punchng. Ilok’s mind led her to develop software that employs Machine Learning algorithms to detect breast cancer in women, achieving
South African startup Vambo AI is empowering users to use advanced AI in their native tongues. In April 2023, Chido Dzinotyiwei and Isheanesu Misi founded Vambo AI to create AI that “understands the languages of people in the rest of the world”. Its platform currently supports 11 African languages. “The reason why most of the world has not used AI – or explored its revolutionary power for education, economic empowerment, and more – is because it is not built in languages they understand,” Dzinotyiwei said, according to Disrupt Africa. A
Microsoft Corp. and G42, a leading artificial intelligence firm from the United Arab Emirates, have unveiled plans to build a $1 billion geothermal-powered data center in Kenya. This project marks the initial phase of a multiyear strategy to boost cloud-computing capacity in East Africa. Harnessing Geothermal Energy for Sustainable Development The data center will be constructed in Olkaria, an area rich in geothermal resources, making it an ideal location for a sustainable energy project. G42 will lead the initial investment and oversee the facility’s construction. In its first phase, it
Google has announced the construction of Umoja, the first-ever fiber optic cable to link Africa with Australia directly. This initiative, named after the Swahili word for “unity,” aims to boost the reliability and reach of digital infrastructure across the continents. The Umoja cable The Umoja cable will begin in Kenya and traverse Uganda, Rwanda, the Democratic Republic of the Congo, Zambia, Zimbabwe, and South Africa, including the Google Cloud region, before crossing the Indian Ocean to Australia. According to Google’s press release, the terrestrial segment of the route has already been completed in collaboration with Liquid
Kenyan President William Ruto made Atlanta his first stop during his official state visit to the United States, focusing on advancing science, technology, engineering, and math (STEM) education. During his visit to Spelman College, a historically Black college for women, Ruto signed a framework agreement to establish educational exchanges between Kenyan universities and Historically Black Colleges and Universities (HBCUs) in the US. Boosting STEM Education The agreement, signed by representatives from Spelman and Morehouse Colleges, Clark Atlanta University, and Howard University, aims to enhance STEM education in both countries. “We
OpenseedVC has reached the first close of its $10 million fund for operator-led startups in Africa and Europe. Founded by former Octopus Ventures and Oxford Seed Fund investor Maria Rotilu, OpenseedVC is a new solo General Partner (GP) that aims to be the first check for startups. OpenSeedVC: Filling a Crucial Funding Gap According to Sifted, Rotilu is Europe’s first Black solo GP and one of the first female solo GPs in the region. Rotilu’s strategy with OpenseedVC is to back startups even earlier than the pre-seed stage, at a
Ghana is setting the stage to become Africa’s first blockchain-powered government in a move towards digital transparency. The initiative, supported by Vice President Dr Mahamudu Bawumia, aims for a future where digital accountability could potentially save billions lost to corruption annually. Blockchain for Enhanced Governance During the 14th Regional Conference and Annual General Meeting of Heads of Anti-Corruption Agencies in Commonwealth Africa, held in Accra, Bawumia highlighted the potential of blockchain technology in governance. Bawumia argued that Blockchain’s qualities—like immutability and transparency—make it an ideal candidate for enhancing governmental operations, particularly
