INSUBCONTINENT EXCLUSIVE:
Nigerian motorcycle transit startup MAX.ng was the latest startup to add funding, raising a $7 million funding round in June with
services for individuals and businesses.With the Series A funding, MAX intends to invest in its tech infrastructure, expand to 10 cities and
The company will also use its new funding to pilot e-motorcycles in Africa powered by renewable energy, CFO Guy-Bertrand Njoya told
the motorcycle taxi market
It started offering a two-wheel transit option in East Africa in 2018, around the same time Bolt (previously Taxify) launched motorcycle
taxi service in Kenya.The on-demand motorcycle race could make Africa a reference point in the transformation of mobility
Rwanda to support ventures across the region.Operating from a new Kigali campus, Norrsken will offer seed investments of $25,000 to $100,000
for early-stage startups in all sectors starting this year, CEO Erik Engellau-Nilsson told TechCrunch.The fund size is still being
determined, and Norrsken Kigali will extend the fund to larger series-stage investments from $100,000 to $1 million in the future.Founders
incubate two, FFA CEO Roo Rogers told TechCrunch.Criteria for the accelerator startups include that they have a healthcare focus, be
services from Founders Factory Africa
10% equity stake in each startup accepted into the program.Africa-focused fintech startups made up the 75% of JP Morgan Backed Catalyst
The organization plans to extend 30 additional slots (open to African startup applicants) for its accelerator program that provides up to
New York, will be accessed from African universities via the cloud
Researchers in Africa interested in working with IBM Q can apply online.
TechCrunch was on location in Addis Ababa to attend Startup
Ethiopia and meet with entrepreneurs and hubs in the East African nation
The government is taking steps to break up the state mobile and IP monopoly and issue teleco licenses by the end of 2019.The digital
ventures, techies and angel investors I talked to at Startup Ethiopia were in unison on the need for better internet options
