Celebrating 7 Years as a Tech Media Startup

What’s happened this Week:

• Zeepay raised $3 million from an investment firm

• Y Combinators invests in Kenya based Triply

• and more!

This week, we celebrated our 7th anniversary. We launched in April 2017, hoping to cover the space of technology that we felt was being neglected by the mainstream media in Ghana.

7 years later and it’s been a great journey so far. Read more about what we’re focusing on in our 7th year and what we hope to achieve in years to come.

In The News This Week:

Zeepay Raises $3 Million From Verdant Capital Hybrid Fund To Support Its Growth

Zeepay, a Ghanaian remittance and mobile money service company, has closed a $3 million equity investment from Verdant Capital Hybrid Fund.

Y Combinator Invests $500,000 Into African Travel Startup Triply

Y Combinator, the US-based startup accelerator, has invested $500,000 into Triply, an African travel startup based in Kenya.

Stephen Blewett Officially Takes Over As CEO of MTN Ghana

Stephen Blewett, a seasoned executive with a rich background in telecommunications, has officially taken up the role of the Chief Executive Officer (CEO) of MTN Ghana as of April 2024

In the rest of the news:

• Card Payments In E-Commerce Expected To Decline To 30% In 2028 – Report

• Dr Thomas Mensah, Pioneer of Fiber Optics, Passes Away At 74

• Binance Names Board Of Directors For First Time Since Its Inception

• Central Bank of Kenya Approves LemFi Remittance to Kenya, in Partnership with Wapi Pay

• Healthtech Company Rivia Acquires SaaS Company Waffle To Accelerate Digitsation Efforts

• South Africa Passes Digital Nomad Visa into Law

• What You Need To Know About Ghana’s Lithium Discovery and Its Controversies

Deep Dive

The Rise of Sensationalism in Ghanaian News Media - In recent years, Ghana’s media landscape has been marred by sensationalism, misinformation, and partisan bias.

Why This Matters: Media sensationalism becomes a tempting strategy to attract more eyeballs and revenue, at the expense of credibility and professionalism.

Digging Deeper - Some media outlets in the country are owned or affiliated with political parties or actors, compromising their independence and objectivity.

Podcast: Building and Exiting a Regtech in Ghana with Paul Damalie, Founder of Appruve

In collaboration with the Ghanaian podcast show “Building Bytes”, we bring you an episode with Paul Damalie who recently exited his startup Appruve to Smile ID.

They discussed the early days of Appruve, what inspired the exit, and what Paul is up to these days at Damalie Innovation Holdings Group

Africa Ecosystem Activity

• SA breakdown management startup RNR raises $640k funding round - Disrupt Africa

• Q1 African tech startup funding down once more as “funding winter” continues - Disrupt Africa

• Kenyan electric bus startup BasiGo raises $3m funding - Disrupt Africa

• Egypt’s Sprints raises $3m bridge round to scale AI-powered ed-tech platform - Disrupt Africa

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Stat of The Day

The price of cocoa this year has skyrocketed. The top producers of cocoa beans, Cote D’Ivoire and Ghana, have been production issues, sending the price of goods like chocolate higher.

View more data insights below: