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Google Unveils 25 African Startups Shortlisted to Receive $4M Black Founders Fund

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Google for Startups (GfS) has announced the 25 African-based startups selected for this year’s $4million Black Founders Fund.

The Black Founders Fund, now in its third year, aims to help tackle systemic racial inequality in venture capital (VC) funding by providing equity-free grants and mentoring to early stage Black-led high-growth businesses across Europe and Africa.

The selected cohort of 40 startups from Europe and Africa, includes 25 African startups that embody the diverse entrepreneurial spirit across the African continent. Startups led or co-founded by women make up 72% of the group, highlighting the role women play in shaping Africa’s startup ecosystem. The funding will provide the businesses with the capital needed to take their ventures to the next level and expand to new markets, supercharging economic opportunities and job creation.

Early-stage investment is essential for the success of startups and the African startup ecosystem as a whole. This is crucial for Africa to become a global tech leader. With the significant decrease in African tech investment in 2023, startups in Africa need funds to sustain their growth and develop innovative solutions for the continent.

From accessible healthcare to efficient logistics, to innovative fintech solutions, these startups are harnessing the power of technology to address some of Africa’s most pressing challenges. HealthDart is elevating healthcare by providing comprehensive services and insurance through its digital platform. Tushop is reimagining retail with a group-buying platform in Kenya that encourages cost-saving and community engagement. Herconomy is breaking new ground in the fintech sector with its goal to become Africa’s first women-focused bank.

Each selected startup will receive up to $150,000 in non-dilutive cash awards, up to $200,000 in Google Cloud credits, Ad support, 1:1 mentoring by industry experts and invaluable connections within Google’s network.

Folarin Aiyegbusi, Head of Startups Ecosystem, Africa at Google said “Startups play a major role in advancing Africa’s digital transformation. We look forward to working with this group of innovative founders who are using technology to solve some of the most pressing challenges in Africa. The Google for Startups Black Founders Fund is committed to addressing the stark inequality in VC funding by providing Black founders with the resources and support they need to succeed”

Ifedayo Durosinmi-Etti, Founder of Herconomy, selected for the 2023 Fund comments:, “At Herconomy, we are on a mission to reimagine the financial landscape for women in Africa. Being chosen for the prestigious 2023 Black Founders Fund will fuel our revolutionary vision and accelerate our progress. With the funding and support provided by the program, we will expedite the development of our innovative solutions, enhance support for our valued customers, and expand our presence on an international scale.

Cathy Chepkemboi, Founder of Tushop, selected for the 2023 Fund comments:, “At Tushop, our passion lies in leveraging technology to empower Kenyan consumers and increase their buying power. Our ultimate ambition is to transform the way daily essentials and FMCG products are accessed, enabling individuals to save significantly. With the support of Google for Startups, we are one step closer to realising our goal of positively impacting the lives of millions of consumers in Kenya and beyond.

Njabulo Skhosana, Founder of HealthDart, selected for the 2023 fund comments, “At HealthDart, we empower patients to access affordable and timely solutions for basic health problems through our technology-driven approach. By integrating pharmacy, telemedicine, and insurance with seamless payment options, we ensure affordable access to comprehensive primary healthcare. With the support of Google for Startups, we are poised to further enhance our platform, enabling more individuals to find the most cost-effective and efficient healthcare options.

Since its inception, the Black Founders Fund has facilitated over $205 million in investor conversations, representing a 12-fold increase. This has sparked significant growth within the participating startups, with their combined monthly recurring revenue now exceeding $6.1 million, marking a 7% increase.

List of Startups

  • Akoma Health (Nigeria): Tech platform for accessible, culturally conscious mental health services in Africa.

  • BezoMoney (Ghana) : Digital banking for Africa’s underbanked via mobile/web platforms.

  • Chargel (Senegal): Digital trucking platform connecting shippers/carriers in Francophone West Africa.

  • Charis UAS (Rwanda): Provides 3D geospatial data via drone technology.

  • Evolve Credit (Nigeria): SaaS for digitising and managing banking services.

  • Excel At Uni (South Africa): Supports student funders via digital services.

  • EzyAgric (Uganda): AI-powered mobile technology to enhance Africa’s farming sector.

  • Fez Delivery (Nigeria): Last-mile logistics platform for various industries.

  • Fleetsimplify (Kenya): Monetization platform connecting gig drivers & vehicle owners.

  • HealthDart (South Africa): Digital HMO providing end-to-end health services with insurance.

  • Herconomy (Nigeria): Female-focused fintech aiming to be Africa’s first women’s bank.

  • Jumba (Kenya): Improving Kenya’s construction sector supply chain via B2B platform.

  • MDaaS Global (Nigeria): Tech-powered diagnostic centres for affordable healthcare.

  • My Pocket Counsel (Nigeria): Legal tech platform for contract generation and management.

  • Orda (Nigeria): Pan-African neobank for restaurants, offering cloud-based software.

  • Periculum (Nigeria): Data company aiding in credit assessment, fraud/churn risk.

  • Raenest (Nigeria): Fintech offering global financial services to freelancers/startups in Africa.

  • Ridelink (Uganda): E-logistics platform providing shipping and real-time tracking.

  • Susu (Côte d’Ivoire): Health platform providing healthcare services/insurance funded by African diaspora.

  • Talamus Health (Ghana): Tech solutions targeting healthcare inefficiencies in Africa.

  • TruQ (Nigeria): Streamlining mid-mile logistics across Africa with third-party vehicle connectivity.

  • Tushop (Kenya): Tech platform for group buying of daily essentials in Kenya.

  • Uzapoint (Kenya): Mobile/web POS for digitising bookkeeping in Africa’s informal sector.

  • Zinacare (South Africa): Online platform for accessible, affordable healthcare services.

  • Zydii (Kenya): Localised digital training solutions for African SMEs.


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Ugo Onwuaso is an ICT enthusiast. He believes technology should be used for general good. He holds a Master of Public Administration (MPA) degree from the Lagos state University. Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

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BlueNoroff Targets Eecutives on Windows and MacOS Using AI-driven Tools

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At the Security Analyst Summit in Thailand, Kaspersky’s Global Research and Analysis Team (GReAT) unveiled the latest BlueNoroff APT activity through two highly targeted malicious campaigns ‘GhostCall’ and ‘GhostHire’. The ongoing operations have been targeting Web3 and cryptocurrency organisations across India, Turkiye, Australia and other countries in Europe and Asia since at least April 2025.

BlueNoroff, a subdivision of the notorious Lazarus group, continues to expand its signature ‘SnatchCrypto’ campaign, a financially motivated operation which targets crypto industries worldwide. The newly described GhostCall and GhostHire campaigns employ new infiltration techniques and customised malware to compromise blockchain developers and executives. These attacks affect macOS and Windows systems as primary targets and are managed through a unified command-and-control infrastructure.

The GhostCall campaign focuses on macOS devices, beginning with a highly sophisticated and personalised social engineering attack. The attackers reach out via Telegram, impersonating venture capitalists and in some cases using compromised accounts of real entrepreneurs and startup founders to promote investment or partnership opportunities. The victims are invited to fake investment meetings on phishing sites mimicking Zoom or Microsoft Teams during which they are prompted to “update” their client to fix an audio issue, this action downloads a malicious script and deploys a malware infection on the device.

“This campaign relied on deliberate and carefully planned deception. Attackers replayed videos of previous victims during staged meetings to make the interaction appear like a real call and manipulate new targets. The data collected in this process is then used not only against the initial victim but also exploited to enable subsequent and supply-chain attacks, leveraging established trust relationships to compromise a broader range of organisations and users,” comments Sojun Ryu, security researcher at Kaspersky GReAT.

Attackers deployed seven multi-stage execution chains, four which were previously unseen, to distribute a range of new customised payloads, including crypto stealers, browser credential stealers, secrets stealer, and Telegram credential stealers.

In the GhostHire campaign the APT targets blockchain developers by posing as recruiters. Victims are tricked into downloading and running a GitHub repository containing malware, presented as a skill assessment. GhostHire shares its infrastructure and tools with the GhostCall campaign, but instead of using video calls, it focuses on approaching hands-on developers and engineers through fake recruitment. After initial contact, victims are added to a Telegram bot that delivers either a ZIP file or a GitHub link, along with a short deadline to complete the task. Once executed, the malware installs itself on the victim’s machine, customised for the operating system.

The use of generative AI has enabled BlueNoroff to accelerate malware development and refine its attack techniques. The attackers introduced new programming languages and added additional features, complicating detection and analysis tasks. It further enables the actor to manage and expand its operations, increasing both the complexity and scale of attacks.

“Since its previous campaigns, the threat actor’s targeting strategy has evolved beyond simple cryptocurrency and browser credential theft. The use of generative AI has significantly accelerated this process, enabling easier malware development with reduced operational overhead.

“This AI-driven approach helps to fill the gaps in available information, enabling more focused targeting. By combining compromised data with AI’s analytical capabilities, the scope of these attacks has expanded. We hope our research will contribute to preventing further harm,” comments Omar Amin, senior security researcher at Kaspersky GReAT.

 


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Moniepoint Unveils Nigeria’s First Informal Economy AI Chatbot, As FG Lauds Fintech Giant for Powering Business Growth Across the Country

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L-r: Senior Special Assistant to the President on Digital Media and Emergency Management (OVP), Ahmed Ningi, Managing Director, Moniepoint MFB, Babatunde Olofin, Hon Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole and Special Adviser to the President on Job Creation & MSME, Temitola Adekunle-Johnson at the launch of M in Abuja recently.
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Moniepoint Inc, Africa’s leading business payments and personal banking servicing platform, has launched “M”, Nigeria’s first artificial intelligence-powered chatbot dedicated to demystifying the informal economy, while earning commendations from the Federal Government for its decade-long commitment to driving financial inclusion and business growth across Africa’s most populous nation.

Speaking at the launch of the second edition of Nigeria’s Informal Economy Report powered by Moniepoint, Vice President Kashim Shettima represented by Dr. Jumoke Oduwole, Minister of Industry, Trade and Investment noted that the informal economy lies at the heart of Nigeria’s story of resilience, creativity, and enterprise, from market traders to artisans, service providers, and young digital entrepreneurs.

“Millions of Nigerians power commerce daily in ways that are unseen yet indispensable to our economy. This report gives an important window into the challenges and opportunities within the sector. It provides a stronger foundation for inclusive, evidence-based policymaking.

“The Tinubu-led administration places high priority on the informal sector, which has remained central to Nigeria’s economic resilience. I commend Moniepoint for its decade-long contribution to financial inclusion, supporting millions of informal businesses across Africa”, she said.

To bring the report’s insights to life, “M,” a friendly, AI-powered guide that helps users explore and understand Nigeria’s informal economy. Built on cutting-edge Large Language Model (LLM) technology, M provides conversational and easy-to-understand responses to complex queries. It represents Moniepoint’s belief that technology should serve people, especially the everyday entrepreneurs who keep the economy moving. “M” is designed to make data on small businesses and informal trade accessible, useful, and actionable for everyone from policymakers and researchers to journalists and the general public.

In his welcome remarks, Babatunde Olofin, Managing Director, Moniepoint MFB, noted that the Bank’s focus lies in providing millions of these informal operators with the tools they need to thrive sustainably.

“This year’s report dives deeper into unemployment, taxation, savings behavior, and business operations within the informal economy, and what we’ve found paints a picture of both resilience and fragility. These insights remind us that the informal economy is not just a tool for survival but a living ecosystem of innovation and adaptation.

“We are determined to help shape a more inclusive and sustainable Nigeria, not just for today, but for generations yet unborn. The informal economy is not the shadow of our nation’s progress, it is its pulse. Our job is to make sure it beats stronger”, he said.

The launch event also served to mark a significant milestone as Moniepoint commemorates 10 years of service to now over 10 million active businesses and individuals, processing more than one billion transactions monthly and facilitating payments exceeding $22 billion. The company aims to strengthen public-private collaboration in building a more data-driven, inclusive, and digitized economy aligned with Nigeria’s Renewed Hope Agenda of achieving a $1 trillion economy by 2030.

Founded in 2015 by Tosin Eniolorunda and Felix Ike, Moniepoint has grown from building financial solutions and infrastructure for Nigeria’s major banks to becoming the nation’s largest business payments platform and leading merchant acquirer, providing an all-in-one banking platform offering payments, banking, credit, business tools, and cross-border payment solutions.

Hon. Ayodele Olawande, Minister, Federal Ministry of Youth Development represented by Mrs. Ebiho Agun, Technical Adviser commended Moniepoint for its commitment to understanding and illuminating the dynamics of a sector that, though often overlooked, but remains the backbone of our national economy.

“While Moniepoint has aptly drawn attention to the vast potential of the informal economy, largely powered by youth, it is clear that realizing this potential requires strong synergy among government, private sector players, financial institutions, and development partners.

“Together, we must move from insight to action, designing and implementing strategies that will enable informal enterprises to access finance.”

During a panel session which was moderated by Vice President, Corporate Affairs, Moniepoint Inc, Didi Uwemakpan with the theme: Building an inclusive and sustainable economy for Nigeria, the panelists which included Uche Uzoebo, MD/CEO, Shared Agent Network Expansion Facilities, SANEF, Chinasa Collins-Ogbuo, Head, Inclusion for All Initiative, Enhancing Financial Innovation & Access (EFInA); Charles Odii, Director-General, Small and Medium Enterprises Development Agency of Nigeria  and MD, Moniepoint Microfinance Bank were emphatic about the need to increase access to finance, markets, and other structured interventions for the informal economy.

Speaking to its partnership with Moniepoint on the report, DG, SMEDAN expressed satisfaction that the report shows real progress with more businesses formalizing, accessing finance, and using digital tools, while acknowledging some challenges that persist, especially around rising costs and access to affordable credit.

“We are working with our partners and under this administration’s economic agenda to close these gaps: free CAC registration for 250,000 small businesses, a partnership with SEC to list 1,000 SMEs on the capital market, and new shared industrial hubs that make it cheaper to run a business. We are also working with state governments to deepen access to affordable finance and complement efforts of the Federal Government to create a regulatory environment that supports the growth of small businesses,” he said.

Some of the dignitaries who attended the event include Special Adviser to the President on Job Creation & MSME, Temitola Adekunle-Johnson, Senior Special Assistant to the President on Digital Media and Emergency Management (OVP), Ahmed Ningi, Registrar/ Chief Executive, The Chartered Institute of Bankers of Nigeria, Akin Morakinyo, Mohammed Bagudu, Special Adviser on Stakeholder Management and Finance, Federal Inland Revenue Service (FIRS), Deputy Director, Digital Economy, National Information Technology Development Agency (NITDA) Dr. Amina Sambo-Magaji, National Coordinator of the Office for Nigerian Digital Innovation (ONDI), and Investment Officer. IFC. Meissa Gueye.

Moniepoint’s transformative impact has earned recognition on the Financial Times’ Africa’s Fastest-Growing Companies list, TIME100 Most Influential Companies list, and CNBC’s World’s Top Fintech Companies. The Central Bank of Nigeria honored Moniepoint as Financially Inclusive Fintech of the Year, while the company received SME Microfinance Bank of the Year awards at the BusinessDay Banks & Other Financial Institutions (BAFI) Awards in both 2024 and 2025.


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Musk Launches Grokipedia to Rival Wikipedia

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Elon Musk’s company xAI has launched Grokipedia to compete with online encyclopedia Wikipedia, which he has accused of ideological bias.

Musk Launches Grokipedia to Rival Wikipedia

Elon Musk

The site dubbed version 0.1 had more than 885,000 articles by Monday evening, compared to Wikipedia’s more than seven million in English.

The launch came with the promise of a newer version, 1.0, which Musk said would be “10X better” than the current live site, which he claimed is already “better than Wikipedia.”

“The goal of Grok and Grokipedia.com is the truth, the whole truth, and nothing but the truth. We will never be perfect, but we shall nonetheless strive towards that goal,” he said on X following the launch.

Grokipedia’s release had been marked down for the end of September, but was delayed by the US entrepreneur to “purge out the propaganda,” Musk said in a separate X post.

Musk has been a regular critic of Wikipedia.

In 2024, he accused the site of being “controlled by far-left activists” and called for donations to the platform to cease.

In August, he said, “Wikipedia cannot be used as a definitive source for Community Notes, as the editorial control there is extremely left-biased.”

The content of Grokipedia is generated by artificial intelligence (AI) and the generative AI assistant Grok.

A Grokipedia article about Musk states that the Tesla and SpaceX CEO has “influenced broader debates on technological progress, demographic decline, and institutional biases, often via X,” amid what the page says are “criticisms from legacy media outlets that exhibit systemic left-leaning tilts in coverage.”

Created in 2001, Wikipedia is a collaborative encyclopedia managed by volunteers, largely funded by donations, and whose pages can be written or edited by internet users.

“Unlike newer projects, Wikipedia’s strengths are clear: it has transparent policies, rigorous volunteer oversight, and a strong culture of continuous improvement,” a spokeswoman from Wikimedia Foundation told AFP in an email.

It claims the site is written to inform “billions of readers without promoting a particular point of view.”

When asked about the launch of Grokipedia, the spokeswoman said Wikimedia is “still in the process of understanding how Grokipedia works.”

She highlighted that Wikimedia “is – and always will be – human.”

“This human-created knowledge is what AI companies rely on to generate content; even Grokipedia needs Wikipedia to exist.”

The birth of Grokipedia has been welcomed by several right-wing figures, including hardline Russian ideologue Alexander Dugin, who described the article about him as “neutral, objective, accurate,” whereas Wikipedia’s page, according to him, is “totally biased and defamatory.”


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