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VC4Afrcia Reveals 12 Top Tech Start-Ups Building Platforms

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Few weeks after they launched their products at DEMO Africa 2014 before investors, media, strategic buyers and others attendants from around the world, VC4Africa has revealed that 12 African tech start-ups are currently building amazing platforms.

VC4Africa has declared that only accredited investors who registered a VC4Africa Pro Account can access the company’s private documents, business plans, financial projections and all other details from the listed ventures’ VC4Africa profiles.

The 12 top tech start ups are as follows:

Cribpark – Nigeria

Cribpark is a web-platform including home design catalogue, web shop, and project management tools for design and construction.

The service can be used also on mobile devices. Funding amount required: USD 250,000

Funding to date: All funds raised for Cribpark so far have been from the founders.

Other requirements: Mentorship, Partnerships, Endorsements

Cube – Nigeria

Cube enables anyone (whether individual or business entity) to accept card payments in person with their phone.

The service also works without internet connection. Funding amount required: About USD 400,000 additional capital.

Funding to date: Approximately USD 100,000

Feedbackplus – Nigeria

Feedbackplus lets customers give feedback to different organizations online or through a mobile app.

It also provides organizations with a platform on which to interact with customers and track their feedback. Funding amount required: USD 200,000.

Funding to date: USD 55,000. Other requirements: Mentoring

Foodstantly – Nigeria

Foodstantly is an online marketplace which provides customers with fresh as well as cooked food and home delivery services. Suppliers benefit by having a Mobile-web platform to set up online shops, accept payments, sell and deliver their products.

Funding amount required: USD 150,000. Funding to date: Personal funding / Bootstrapped

Other requirements: Co-Founder and recruiting more talent

Hutbay – Nigeria

Hutbay is a platform that helps real estate consumers find and share vital information about real estate, mortgages, and agents. The platform also connects users with real estate professionals in Nigeria. Funding amount required: USD 200,000.

Funding to date: USD 32,000 in seed funding & USD 45,000 in startup funding. Other requirements: Mentoring

LocName – Egypt

LocName is an application that gives a short, unique name for your address, which you can share easily in just 2 seconds. Directions to reach your place! Funding amount required: USD 100,000

Funding to date: USD 15,000. Other requirements: Advertising, Partnership in other companies, Mentorship

MobileJobs (powered by SOMTEC) – Ethiopia

MobileJobs provides web and mobile job alert and recruitment services.

The service is designed for a country where many people have limited access to the internet.

Funding amount required: USD 1,000,000. Funding to date: –

MuZik – Cameroon

MuZik is a virtual music streaming service for feature phones.

It provides the user with music or information regarding it, automatically grabbed online.

Funding amount required: USD 23,000, Funding to date: -(unannounced)

Nikweli – Tanzania

Mobile-to-web job matching platform that connects employers and job seekers for lower skill, “blue collar” type positions.

Funding amount required: USD 200,000 over 2 years

Funding to date: USD 20,000 (self-funded)

Other requirements: Completing the management team (technical talent)

Pliby – Benin

Pliby is an online platform for the African music lovers.

The platform is used to discover underground artists, songs and albums. Funding amount required: tbd

Funding to date: – yet to be announced.

TrafficBytes – Egypt

Trafficbytes is a solution that allows mobile operators and telecom vendors to leverage existing big data and provide real time accurate roads traffic information. Funding amount required: USD 200,000

Funding to date: -Other requirements: Business leads with mobile operators & telecom vendors

VOTO Mobile – Ghana

Mobile phone notification and survey platform.

Interactive SMS or voice call service in local languages, help with instantly reaching across distance, language, and literacy barriers.

Funding amount required: Large seed or series A within 6 months. Currently cash flow positive.

Funding to date: USD 100,000

Other requirements: Strategic partners including mobile operators, international development organisations, mobile platform

The VC4Africa Investor Network is the largest network of dedicated SME investors interested in supporting African based ventures.

Registered investors are also able to follow hundreds of other ventures gaining traction in over 40 African markets, network with fellow members, coordinate due diligence, and co-fund deals with fellow investors.

The platform also advised entrepreneurs look out the five steps to fundraising to learn more about fundraising opportunities through VC4Africa.

 

 


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E-Business

South Korea Joins List of Countries Banning DeepSeek over Security Concerns

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South Korean authorities have temporarily blocked new downloads of the DeepSeek artificial intelligence (AI) app, citing concerns over the company’s handling of user data.

South Korea Joins List of Countries Banning DeepSeek over Security Concerns

The country’s Personal Information Protection Commission (PIPC) announced the decision on Monday, saying that the Chinese AI startup had failed to fully comply with South Korea’s data protection laws.

According to PIPC, DeepSeek recently appointed legal representatives in South Korea and admitted to partially neglecting regulatory considerations regarding user privacy.

“The Chinese startup appointed legal representatives last week in South Korea and had acknowledged partially neglecting considerations of the country’s data protection law,” the PIPC said.

The commission added that the app’s service would resume once the company implements improvements in accordance with national privacy laws.

According to Reuters, when asked about South Korea’s move, a spokesperson for China’s foreign ministry said the Chinese government prioritises data privacy and security, ensuring compliance with legal standards.

The spokesperson also said China does not require companies or individuals to collect or store data in violation of laws.

The ban follows similar actions by other governments.

On February 4, Australia prohibited the use of DeepSeek on government devices due to security concerns.

Italy’s privacy regulator recently blocked the AI service, citing the company’s failure to address data policy issues.

Taiwan has also warned about potential risks related to cross-border data transmission and information leaks.

Also, regulators in Ireland and France have launched investigations into DeepSeek’s data-handling practices.

DeepSeek gained global adoption for its advanced human-like reasoning capabilities and open-source model.

In January, it surpassed OpenAI’s Chatgpt as the most downloaded free app on the Apple store.

 

 


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AU Endorses Nigeria as AfCFTA Digital Trade Champion

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The African Union (AU) has officially designated Nigeria as the Digital Trade Champion under the African Continental Free Trade Area (AfCFTA) Digital Trade Protocol, citing the country’s leadership in digital enterprise and innovation.

The endorsement came at the 38th Ordinary Session of the Assembly of Heads of State and Government, which concluded on Sunday in Addis Ababa.

Nigeria’s proactive role in advancing the digital trade protocol, adopted in February 2024, was a key factor in the decision.

The AfCFTA Digital Trade Protocol encompasses eight annexes covering crucial areas such as rules of origin, digital identities, cross-border data transfers, online safety, and financial technology. The protocol is expected to provide a robust framework for Africa’s digital economy.

According to a statement issued on Monday by Special Adviser to the President on Information and Strategy, Bayo Onanuga, former President of Niger Republic and AU AfCFTA Champion, Mahamadou Issoufou, praised Nigeria’s leadership, particularly for convening the Digital Economy Roundtable in January.

“No organization, region, or continent has negotiated or adopted such a comprehensive legal instrument on digital trade, positioning the African continent to benefit from the digital economy for innovation and job creation,” Issoufou said in his progress report to the AU Assembly.

He also highlighted Africa’s growing influence in digital innovation, particularly in mobile banking and financial technology, and noted that the protocol would create an enabling environment for young African entrepreneurs.

“The AfCFTA Protocol on Digital Trade will establish a conducive environment for these young people to fully participate in Africa’s digital economy,” Issoufou added.

Reflecting on the roundtable in Abuja, he commended President Bola Tinubu and his administration for facilitating discussions with key stakeholders.

“The Roundtable was attended by young pioneers in Fintech, mobile banking and other areas of the digital economy. It was evident from the discussions that young people are eager to take advantage of Africa’s digital economy through the AfCFTA Protocol on Digital Trade”, he said.

Speaking at the AU summit, Nigeria’s Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, described the AU’s endorsement as a milestone in Africa’s economic development.

“Africa has demonstrated global leadership by pioneering the first-of-its-kind AfCFTA Protocol on Digital Trade—establishing a comprehensive regulatory framework,” Dr. Oduwole stated.

She emphasized that the protocol is a “game changer” for the continent, predicting that it would generate millions of jobs, contribute billions to Africa’s GDP, and attract significant investments in digital infrastructure.

 


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Schmidt, Ex Google Chief Says AI Risky in Terrorist Hands

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Eric Schmidt, former Google CEO
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Eric Schmidt, former Google CEO has expressed concerns about the extreme risks posed by artificial intelligence (AI) falling into the hands of terrorists or rogue states.

Schmidt, Ex Google Chief Says AI Risky in Terrorist Hands

Eric Schmidt, former Google CEO

He warned that nations such as North Korea, Iran, and Russia could adopt AI technologies to develop weapons capable of causing significant harm, including biological weapons.

Schmidt urged governments to oversee private tech companies, emphasising, “The real fears I have are not the ones most people discuss about AI, I talk about extreme risk.”

“I’m always worried about an ‘Osama Bin Laden’ scenario, where truly evil individuals take control of some aspect of modern life to harm innocent people,” he added.

With private companies driving AI advancements, he stressed the need for careful government monitoring and regulation. “It’s really important that governments understand what we’re doing and keep their eye on us,” he said.

His remarks followed a two-day AI summit in Paris, where the UK and the U.S. declined to sign a communiqué outlining the future direction of AI. The declaration on “inclusive and sustainable artificial intelligence for people and the planet” was endorsed by 57 countries, including India, China, the Vatican, the EU, and the African Union Commission.

The UK justified its decision, stating that the agreement lacked “practical clarity” on global AI governance and national security concerns.

Schmidt supports U.S. export controls restricting the sale of advanced AI microchips to certain countries, aiming to slow adversaries’ progress in AI research.

He also highlights the importance of international collaboration on AI safety, suggesting that cooperation with nations like China is essential to addressing global AI challenges.

 

 


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