Acquah Nana Yeboah

Startups

SA edtech startup, iXperience, raises $2.5-million in Series A funding

South Africa-based ed-tech startup, iXperience has raised $2.5-million in a Series A funding round led by Kalon Venture Partners and Caleo Private Equity. The startup plans to use this funding to expand its team, develop its innovative tech platform, launch programs across different markets, and build its global strategic

Startups

Two Ivorian Fintech Startups raise Seed Funding from African-focused VC Firm, I&P

Two Ivorian fintech startups have secured funding from Investisseurs & Partenaires, I&P, through its Acceleration Technologies program. The I&P Acceleration Technologies program is a EUR2.5 million (US$3 million) initiative that aims to back about fifteen digital startups in Sub-Saharan Africa, particularly in West Africa,

Startups

BREAKING: Uber increases fares by 13% in Lagos, Nigeria

Ride-hailing company, Uber has increased the price of its economy ride (UberX) by 13% in Lagos, starting from May 11, 2021. The company disclosed this information via an e-mail sent to its drivers to enlighten them on the motive behind the price increase. The statement reads: “At Uber, we remain

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Nigerian fintech startup, Branch announces free unlimited money transfers and investment returns of 20%

Branch with over 23 million downloads, is one of the most popular lending apps in the world. The app now offers 2 new noteworthy services: Unlimited free money transfer (unmatched amongst today’s finance apps) and 20% per annum investment returns (amongst Nigeria’s highest). These new offerings complement instant

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MTN makes history, lists its shares on the Rwanda Stock Exchange

Mobile telecommunication company, MTN has announced the listing of its shares on the Rwandan Stock Exchange (RSE). This is a landmark achievement for the company as it is the first mobile network operator to list its shares in the RSE. The listing, which has been called a key milestone for

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Why Afrikea launched a SaaS Ecommerce Platform to Power Global African E-Commerce

Last week, the Ivorian e-commerce startup Afrikrea announced the launch of ANKA – an all-in-one SaaS solution to provide seamless e-commerce, payments, and global shipping service for thousands of micro retailers and businesses on the African continent. The launch of the ANKA platform coincided with Afrikrea’s 5th anniversary as the

Startups

After a 6 months pilot, Paystack officially opens its South African Office

Paystack, a leading African fintech company, powering businesses with its API has today announced its expansion to South Africa. Paystack’s launch in South Africa is preceded by a 6months pilot that was announced by the company a month after its acquisition by Stripe. In the course of this Pilot,

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Nigerian fintech startup, Paga, launches Collect API

Leading Nigerian fintech company, Paga has launched Paga Collect API, a unique feature that will enable users to request payments directly within the application. This was announced in a blog post by the company’s CEO, Tayo Oviosu on Tuesday 4th, April 2021. According to the CEO, this new feature

Startups

Ayoba celebrates 2nd anniversary with 5.5 million users, introduces new features in the app

The past two years have been an interesting one for the African messaging App, Ayoba as it has witnessed impressive growth in its user base, clocking 5.5 million users since its launch in 2019. The app has also announced the launch of its new Android app (0.38) which

Startups

Flextock secures $3.25M in pre-seed funding, largest ever pre-seed round in MENA

Two months after passing out from the Y Combinator Winter Batch, Flextock, an Egyptian tech-enabled logistics startup has raised pre-seed funding of $3.25 million. This marks the largest pre-seed round closed by a startup in the Middle East and North Africa (MENA) region. This latest raise beats the record

Startups

Carry1st Raises $6 million in Series A funding to access Africa’s untapped Gaming Market

Carry1st, an African-focused mobile game publishing platform has raised $6M in Series A funding to tap into Africa’s billion-dollar gaming market. The round, which has brought total funding raised to date to $9.5M since inception in 2018, was led by Konvoy Ventures, a video game venture capital firm

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GIZ Egypt launches €100 million funding programme for first-time fund managers

GIZ Egypt has launched a €100 million ($120 million) funding programme called “VC University”. This programme which targets first-time venture capital (VC) funds is a partnership between GIZ and the Egyptian Micro, Small and Medium Enterprises Development Agency (MSMEDA), Endure Capital and Changelabs. The 12months programme will not just offer

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Uhuru Growth Fund I reaches US$113m first close, with DFI partners, commercial and Impact Investors

Uhuru Investment Partners, a leading middle-market private equity firm based out of Lagos and Abidjan, has announced the first close of Uhuru Growth Fund I (UGF) at US$113 million, with capital support from CDC Group, the UK’s development finance institution (DFI), along with other DFI partners, commercial and

Startups

Nigerian Government announce partnership with Microsoft to develop high-speed internet infrastructure

The Nigerian government through the Federal Ministry of Communications and Digital Economy has today announced a joint project between the Government and Microsoft to develop high-speed internet infrastructure across the six regions in the country. This joint project was announced by the Special Assistant on Digital and New Media to

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GIGM launches Stella, Nigeria's first 24hour mobility virtual assistant

Anyone who has uses a logistics company consistently in Nigeria has a story or two to tell concerning delays or misplaced packages in transit. Most times, it takes a patient and competent customer service provider to settle these queries quickly and amicably. This is why Africa’s leading tech-driven transport

Startups

Goodwell Investments launches new fund to support African startups

Goodwell Investments, an impact investment firm with a presence in Nigeria, Kenya, and South Africa has today announced the launch of a new EUR50m ($60million) fund to support high-growth startups in Africa. This new fund, named Goodwell V aims to channel capital from private investors, family offices, and foundations to

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SA based legal tech startups receive funding

Two innovative legal tech startups based in South Africa, Legal Lens and BriefCo have received an undisclosed amount of funding from Imvelo Ventures, a local venture capital firm founded by Capitec Bank and Empowerment Capital Investment Partners. These innovative tech startups belong to the Cycad Group, Founded by Yusha Davidson

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Expensya raises $20 million from ISAI and Seventure Partners to fuel its growth

Tunisian-based B2B expenses management company, Expensya has secured a $20 million investment from MAIF Avenir and Silicon Badia, with participation from French investors ISAI and Seventure Partners. With the fresh capital, the company intends to scale its R&D and fuel international expansion. According to a statement released by

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Airtel Africa appoints Nigerian Segun Ogunsanya as Chief Executive Officer

Airtel Africa Plc, a leading provider of telecommunications and mobile money services in Nigeria and 13 other countries, has today announced the appointment of Mr. Olusegun Ogunsanya as the new Chief Executive Officer. This appointment follows the retirement notice given by the current Managing Director and Chief Executive Officer, Raghunath

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Flutterwave and Worldpay partner to improve online card payments for African businesses

After attaining Unicorn status early this year, Nigerian Fintech startup, Flutterwave has been bullish when it comes to partnerships that will improve the payments landscape in Africa. The latest amongst this partnership is with Worldpay, a leading payments technology solutions company from FIS. This partnership will enable Worldpay to leverage

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South Africa’s richest black couple launch $2million agritech funding programme for African startups

Another funding opportunity has been launched for Agritech startups in Africa. This new fund which was announced today by the Milken Institute and Motsepe Foundation is geared towards driving technological innovations in the agricultural value chain. According to a statement by the organisers, The Milken-Motsepe Innovation Prize will consist of

Startups

Flutterwave makes TIME 100 Most Influential Companies list

Unicorn fintech startup, Flutterwave was yesterday listed as a “Pioneer” in the latest TIME’s 100 Most Influential companies making an extraordinary impact around the world. This feat is a significant one for the company as it is one of the two  African companies to be listed in this year’

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Leading customer experience platform, Ajua acquires Kenya based AI firm WayaWaya

Ajua, a Kenya-based consumer experience platform for businesses in Africa has today announced its acquisition of WayaWaya, a Kenya-based AI and ML messaging company. Wayawaya is well known for its innovative Janja platform that enables borderless banking and payments across apps and social media platforms, for an undisclosed sum. This

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Egyptian fintech startup, Kashat secures an undisclosed investment from Cairo Angels

Kashat, an Egyptian microloans fintech startup, has announced that it has secured an undisclosed amount of funding from Cairo Angels, a global network of angel investors focused on supporting startup opportunities in Egypt, the Middle East, and Africa. Kashat plans to use this new investment to fuel its growth in

Startups

Kenya’s Kidato Raises $1.4m to Scale its online school

Kenya-based ed-tech startup for K-12 students, Kidato has secured $1.4 million in seed funding. Investors who participated in the round include Learn Start Capital, Launch Africa Ventures Fund, Graph Ventures, and Century Oak Capital, among other notable local and global angel investors. The YC backed startup intends to use