News

Andela, Flutterwave co-founder launches early-stage investment fund

Iyinoluwa Aboyeji, co-founder of Andela and Flutterwave, has announced his Future Africa initiative has launched an early-stage investment fund that will back up to 20 founders with up to US$50,000 of capital each year. In Andela and Flutterwave, Aboyeji has helped launch two of Africa’s best known and best funded startups, and having “retired” from Flutterwave in October 2018 he launched Future Africa last year…

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The Medical Concierge Group & UAP Old Mutual Partner to offer Telemedicine Medical Insurance

The Medical Concierge Group (TMCG), a leading digital health company in Africa, through its direct-to-consumer service called Rocket Health, has today announced a partnership with UAP Old Mutual Insurance Uganda Ltd (UAPOM). This is aimed at extending telemedicine services to its medical insurance members in a move to improve the accessibility, convenience and quality of healthcare provided to members. Through…

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IFC launches global health tech challenge to spur innovation in East African

As part of the World Bank Group (WBG) Global Tech Challenge, IFC, the private sector arm of the WBG, called on health tech innovators from around the world to bring their solutions to the East African market to meet the needs of patients and health care providers in the region. New technologies and innovative business practices can play a key…

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Ugandan startup Cinnamon Clubs selected for Cape Town-based accelerator

Cinnamon Clubs has been selected to face off with 19 other startups in the Startupbootcamp AfriTech 2019 Final Selection Days. Cinnamon Clubs is a software that helps investment clubs to track and manage their records. To participate in this round of the prestigious accelerator, the startup beat over 2000 startups from different countries that had applied. Of the twenty startups that…

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Startups share $1.35m worth of prizes at SA Innovation Summit

The SA Innovation Summit took place on September 11-13 at the Cape Town Stadium, bringing together over 3,500 delegates from 32 countries. Five startup pitch competitions were held over the three days, with 78 startups pitching for a share in the prizes. The Africa Cup, in partnership with the Unicorn Group, was won by Kenyan fintech startup Asilimia, which took home a…

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Racheal Kiconco Mbabazi, a daughter to former Prime Minister to head the NWSC board

The appointment is a big Surprise considering the Mbabazi family attempted to oust President Museveni in the 2016 general elections. Ciconco will serve for a period of 3 years according to the cabinet memo released on Wednesday night. Other members are Ms. Onyiru Sarah (member) Mr Runge George Muzungyo (member ) and Col. (Rtd.) Stephen Mwesigye Basaliza (Member). Ms Mbabazi…

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