Tech

Moroccan recruitment startup Kwiks raises $827k funding to develop AI-driven solutions

Published

2 months ago

September 28, 2024

Moroccan recruitment startup, Kwiks, has announced raising MAD8 million ($827,000) in funding from Azur Innovation Management (AIM) to help it accelerate the development of its AI-driven solutions.

Co-founder and CEO of Kwiks, Amine Khayatei Houssaini, who made the announcement, said the new funds would enable the platform to continue innovating and providing cutting-edge solutions to its clients.

“This investment will allow us to continue innovating and providing cutting-edge solutions to our clients, while strengthening our position in the local and international markets,” Houssaini said.

He added that the funds would be used to enhance the recruitment platform by accelerating the development of AI-driven solutions, as well as developing new features, such as R2DS solutions that generate automated candidate reports.

Founded in 2013 by Houssaini and Karim Kaoukabi, https://kwiks.io/?lang=en streamlines the hiring process by connecting companies with top freelance headhunters and connects companies with top freelance headhunters.

Related Topics:Featured Funding Kwiks Morocco Startup

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Tech

Tanzania to host 6th Ocean Innovation Africa summit in February

Published

21 hours ago

November 20, 2024

Isaac Dachen

Dar es Salaam, Tanzania, has been selected to host the sixth edition of the Ocean Innovation Africa (OIA) summit from February 24-28, 2025, as a flagship event within Regenerative Ocean Week.

The Ocean Innovation Africa is set to be Africa’s most significant platform for Ocean Innovation conservation, and sustainable development in the blue economy. OIA2025 will be co-organised with leading partners, including IUCN, GIZ, OceanHub Africa, Catalyze and the Ocean-Climate Platform.

With the theme, “Science-to-Solution”, the Regenerative Ocean Week will present a line-up of sessions designed to bridge the gap between scientific research, business innovation, policy, and community engagement.

According to the organizers of the event, it will bring together African ocean innovators, investors, researchers, policymakers, and community leaders to explore practical solutions that can be applied across the continent.

“These include the OIA Pitch Competition, which is a platform for Africa-based startups and entrepreneurs to showcase breakthrough ideas in ocean-impact solutions, allowing them to connect with investors and industry leaders and emphasizing Africa’s role in driving sustainable ocean initiatives,” the organizers said in a statement.

Tech

Orange Egypt earmarks $52.7m to support African startups

Published

2 days ago

November 19, 2024

Isaac Dachen

Orange Egypt has earmarked the sum of $52.7 million to support African startups in what is going to be the largest investment to drive a youth-focused tech revolution.

According to the company, the mammoth investment will see over 40 startups benefitting from the funds, with most of them being Egyptian companies.

‘It’s a boost for Egypt’s growing entrepreneurial ecosystem and a step closer to cementing its spot as a top startup hub in Africa,” the company said in a statement.

The investment is coming on the heels of the telco signing a deal with the Egyptian government to roll out the second phase of its 5G licensing.

The statement noted that with Egypt’s startup game already strong and ranking as the third most funded country in the MENA region, “the numbers speak for themselves.”

“In 2022, Egyptian startups closed 143 funding deals worth nearly $766.7 million, outpacing the $606.79 million raised the year before.

“Plus over 2,100 startups employing more than 50,000 people, the country’s ecosystem is one of the top 10 emerging startup hubs globally.

“The Egyptian government is all in on this. And since launching initiatives like Egypt Ventures in 2017, they’ve been backing startups to drive innovation and growth in the tech space.

“Orange Egypt’s latest move only adds fuel to this already blazing fire, paving the way for more opportunities and a stronger startup culture across Africa,” it added.