Ghana Innovation Journal
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Tendo Technologies joins Morgan Stanley’s Inclusive Ventures Lab securing £250,000.
Tendo, a leading platform for social media resellers, has been chosen for Morgan Stanley’s Inclusive Ventures Lab, an accelerator designed to support technology-driven startups. The company is among 25 startups selected globally for the 2024 program, representing the U.S., Europe, the Middle East, Africa, and Latin America. The Inclusive Ventures Lab is a five-month accelerator
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Ghana’s My Power App selected for the NBA Africa Triple-Double Startup Accelerator.
My Power App, a Ghanaian startup focused on empowering girls and women, has been chosen to participate in the prestigious NBA Africa Triple-Double Startup Accelerator. Created by the Power to Girls Foundation, My Power App is one of ten innovative startups selected from seven African countries to pitch their products at Demo Day, which will
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Kofa Technologies to expand its battery swapping network with a £3.8 million funding commitment from Shell Foundation and the UK Government.
Kofa Technologies, the pioneering Ghanaian company re-engineering energy access through clean, portable battery solutions, has partnered with PASH Global, a leading impact investor, to significantly expand Kofa’s battery swapping network across Ghana. The ambitious expansion project is supported by a £2.35 million investment from Shell Foundation, co-funded by the UK Government’s Transforming Energy Access (TEA)
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Kodu Technology nabs $50,000 as winner of the 2024 GoGettaz Agripreneur Prize Competition.
Kodu Technology, a startup addressing key challenges in rural communities—period poverty and agricultural waste—has secured one of the grand prizes, $50,000, in the 2024 GoGettaz Agripreneur Prize Competition. This year’s competition attracted nearly 2,000 applications from across Africa, with 12 finalists competing for the top prizes after a rigorous evaluation process, including semi-final online interviews.
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Student-founded startup Naamgwinaa Technologies Scores GH¢250,000 as winner of the 2024 NEIP Presidential Pitch.
Naamgwinaa Technologies has been named the winner of the 2024 National Entrepreneurship & Innovation Programme (NEIP) Presidential Pitch. Led by Samuel Naamgwimaa, an Electrical Engineering student from the University of Mines and Technology (UMaT), the startup developed the Smart Switch, an innovative device that optimizes energy management and automation for homes, businesses, and public infrastructure.
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Skin Gourmet secures GHS200,000 as the top winner of the Fidelity Bank GreenTech Innovation Challenge.
Skin Gourmet, the Ghanaian sustainable skincare brand renowned for its 100% natural and organic products, clinched the top prize at the Fidelity Bank GreenTech Innovation Challenge (GTIC) 2024. Skin Gourmet emerged as the overall winner in the Commercialisation Category, receiving a cash award of GHS200,000 for its innovative, eco-friendly, and market-ready solutions that harness Ghana’s
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Standard Chartered Women in Tech Incubator backs 6 startups with $60,000 to scale their products.
The Standard Chartered Women in Tech Incubator (SCWIT), an initiative by Standard Chartered Bank, has invested $60,000 in six startups from its 2024 incubator program. These companies span sectors including healthcare, agriculture, legal services, and waste management. Implemented by the Ghana Climate Innovation Centre, the program provides business development and financial support to women-led or
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Fido secures $30 Million Series B round to expand its credit services to individuals and MSMEs.
Fido, a digital lender operating in Ghana and Uganda, has raised $30 million in a Series B round to expand its financial services to individuals and small and medium-sized enterprises (MSMEs). The round includes a $20 million equity investment from global impact investment manager BlueOrchard and the Dutch entrepreneurial development bank FMO, alongside $10 million
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Ghana’s Aquantuo and Metaschool shortlisted among Africa’s Business Heroes 2024 Top 50 Finalists.
Two Ghanaian tech startups, Aquantuo and Metaschool, have made it to the Top 50 finalists for Africa’s Business Heroes (ABH) 2024. This recognition places them among Africa’s most promising entrepreneurs and changemakers. The 2024 ABH Top 50 features a diverse group, spanning 14 sectors and 18 countries, with 40% female and 20% francophone representation. Agriculture
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Bank of Ghana release draft guidelines for the regulations of cryptocurrency and other digital assets.
The Bank of Ghana has made a significant move toward regulating the growing interest in cryptocurrencies and digital assets within the country. In a recently released draft guideline, the central bank outlines its approach to ensuring that digital assets such as Bitcoin, stablecoins, and other virtual currencies are managed responsibly while also fostering innovation. As