Acquah Nana Yeboah - (Page 3)

Sign in Subscribe

Acquah Nana Yeboah

AfDB Invests in Janngo Start-up Fund to Boost Innovation Across Africa

AfDB Invests in Janngo Start-up Fund to Boost Innovation Across Africa

African social startup studio, Janngo Capital has announced the first close of its Start-Up Fund at $12 million (€10.5m). The pooled funds comprise $7.9 million (€7m) provided by the African Development Bank and a $3.9 million (€3.5m) contribution by the European Union and the Organization of

Kenyan Fintech startup, Paylend, bags $2M Seed Investment

Kenyan Fintech startup, Paylend, bags $2M Seed Investment

Kenyan fintech startup, Paylend, announced Tuesday that it has secured $2 million seed investment from Next Chymia Consulting HK Limited, an Asian based company that provides blockchain applications, consultancy services and training to global entities. Founded in September 2019, Paylend is focused on providing access to finance and digitizing MSMEs

South Africa’s Planet42 gets $30M for its car subscription service, led by Naspers

South Africa’s Planet42 gets $30M for its car subscription service, led by Naspers

Planet42, a South Africa-based car subscription company that buys used cars from dealerships and rents to customers via a subscription model, has raised $30 million in equity and debt. The investment — which co-founder and CEO Eerik Oja called a bridge round — is a prequel to a larger Series A round

SA based SweepSouth, acquires Egyptian home services startup, Filkhedma

SA based SweepSouth, acquires Egyptian home services startup, Filkhedma

SweepSouth, an online home services platform backed by Naspers, has announced the acquisition of Filkhedma, an Egyptian home services startup. Launched in 2014, SweepSouth is an online platform providing on-demand home cleaning services, operating across various South African cities. Filkhedma is Egypt’s home services marketplace operating across three cities

Koniku closes Series A round led by Nigeria's Platform Capital

Koniku closes Series A round led by Nigeria's Platform Capital

Koniku Inc., a Nigerian-founded, California-based biotech company, has announced the close of its Series A financing round led by Platform Capital Investment Partners, a Nigeria-based private equity firm. Founded in 2017 by Oshiorenoya Agabi, a Nigerian-born scientist who now runs the company’s team of engineers in Silicon Valley. Koniku’

Facebook introduces 7.5% Tax on adverts from Nigeria

Facebook introduces 7.5% Tax on adverts from Nigeria

Starting from 1st January 2022, Facebook has announced that Nigerians will pay 7.5 percent value-added tax (VAT) for all ad placements. The charge will apply to adverts running on Facebook for business or personal purposes. According to the statement released by Facebook, “Due to implementation of a value-added tax

Nigerian Edtech startup, uLesson raises $15 million in Series B funding round

Nigerian Edtech startup, uLesson raises $15 million in Series B funding round

Nigerian edtech startup, uLesson, has announced that it has closed a $15M Series-B investment from Nielsen Ventures and Tencent, as well as existing investors, Owl Ventures, TLcom Capital, and Founder Collective. This fundraise represents the largest investment in an African Edtech company. With the capital, uLesson plans to continue to

Sendchamp secures $100,000 seed funding to bridge communications gap for African businesses

Sendchamp secures $100,000 seed funding to bridge communications gap for African businesses

Nigeria-based unified communications startup, SendChamp, has raised $100,000 to bridge the communications gap for African businesses. The close of this round signifies the public launch of the startup’s offering, as it exits a private beta. The angel round saw participation from local angel syndicates like DFSLAB, Hustler Capital,

Ivorian fintech CinetPay raises $2.4m seed funding from Flutterwave, 4DX Ventures

Ivorian fintech CinetPay raises $2.4m seed funding from Flutterwave, 4DX Ventures

CinetPay, an Ivorian fintech company that enables merchants in Francophone Africa to seamlessly accept and make payments, has announced a $2.4 million seed fundraising round from 4DX Ventures and Flutterwave. CinetPay was launched in 2016 by Idriss Monthe and Daniel Dindji. The platform provides a single interface for businesses

Africa No Filter and Meta announce a new fund to improve Virtual Reality in Africa’s storytelling

Artificial Intelligence

Africa No Filter and Meta announce a new fund to improve Virtual Reality in Africa’s storytelling

Africa No Filter, a narrative change organization, and Meta (previously Facebook) have announced a partnership to launch the “Future Africa: Telling Stories, Building Worlds” program, aimed at boosting the use of Virtual Reality in Africa’s storytelling. Open to organizations and individuals, the program seeks to support Extended Reality storytellers

Galactech and the Tunisian Esports Federation strike partnership

Galactech and the Tunisian Esports Federation strike partnership

Galactech, a Tunisian startup that provides gaming content, has announced a partnership with the Tunisian Esports Federation. This partnership will merge the Federation’s intentions to expand their national-based tournaments with Galactech’s international expertise in tournament management. This collaboration will serve as a foundation for professional and casual national

U.S Based Equinix set to acquire Nigeria’s MainOne in a $320 million deal

U.S Based Equinix set to acquire Nigeria’s MainOne in a $320 million deal

US-based digital infrastructure company, Equinix, has announced its expansion into Africa through its planned acquisition of MainOne, a leading West African data center and connectivity solutions provider, with a presence in Nigeria, Ghana, and Côte d’Ivoire. The acquisition is expected to close by the first quarter of 2022, subject

TradeDepot snaps $110 million in Series B funding led by IFC

TradeDepot snaps $110 million in Series B funding led by IFC

TradeDepot, a Nigeria- and U.S.-based company that connects consumer goods brands to thousands of retailers and helps out with distribution, has raised $110 million in new equity and debt funding round. Previous investor, International Finance Corporation (IFC), led the round, with participation from Novastar, Sahel Capital, CDC Group,

Softline expands in MENA by increasing its investments in the Egyptian market

Softline expands in MENA by increasing its investments in the Egyptian market

Softline, the leading company in digital transformation, cloud, and cybersecurity services, unveiled a plan to increase its business and investments in Egypt. The company recently held a series of meetings with officials in different sectors and government institutions including the Ministry of Communications and Information, The General Authority for Investments,

Nigerian insurtech startup, Octamile, secures $500k in pre-seed funding

Nigerian insurtech startup, Octamile, secures $500k in pre-seed funding

Nigeria based insuretech startup, Octamile, has raised $500,000 in a pre-seed round led by EchoVC with participation from Fiat Ventures, Kesho VC, Trade X, Verraki Partners, Dale Mathias, Kyle Daley and other local and international Angels. The startup which just emerged from stealth mode will enable non-insurance business to

South African talent marketplace OfferZen gets $5.2M to strengthen expansion plans

South African talent marketplace OfferZen gets $5.2M to strengthen expansion plans

South African tech talent marketplace, OfferZen, has secured €4.5 million ($5.07 million) in Series A funding from Base Capital, a South African investment company. Founded in 2015 by Philip Joubert, Malan Joubert, and Brett Jones, OfferZen is a tech talent marketplace that allows software engineers and developers to

Nigerian autotech startup, Fixit45 acquires Parkit to boost its vehicle management service

Nigerian autotech startup, Fixit45 acquires Parkit to boost its vehicle management service

Nigeria’s auto tech platform, Fixit45 has announced the acquisition of Parkit, a network of tech-enabled auto care and car wash centers. With this acquisition, Fixit45 intends to add Parkit’s solutions to its auto repair and maintenance services across the country. Launched in July 2021, Fixit45 provides fleet management,

Egyptian fintech startup, KIWE, has received funding to help it expand

Egyptian fintech startup, KIWE, has received funding to help it expand

Egyptian fintech startup KIWE has raised its first round of funding, led by dfin Holding with participation from EFG Hermes, Marakez for Development, and a group of angel investors. The investment will be used to drive the startup’s growth by utilizing the offerings of its investors. Founded in March

Klickit closes seed funding round led by EFG Finance, DFin’s Camel Ventures

Klickit closes seed funding round led by EFG Finance, DFin’s Camel Ventures

Egyptian fees management and digital collection platform, KlickIt, has announced the closing of their first investment round with commitments from EFG Finance and the venture capital arm of DFin Holding, Camel Ventures. The main purpose of the investment is to build and enhance KlickIt’s tech stack and to build

Kenya’s Asilimia raises $2 million to expand into new markets in East Africa

Kenya’s Asilimia raises $2 million to expand into new markets in East Africa

Asilimia, a Kenyan-based digital infrastructure startup connecting African MSMEs to the formal financial economy, has secured $2 million to grow its team, deliver new services and expand into new markets in East Africa. The startup raised $1 million in pre-seed funding from a wide range of investors, including two-time unicorn

Egyptian logistics startup, Bosta announce expansion plans to SA, UAE in 2022.

Egyptian logistics startup, Bosta announce expansion plans to SA, UAE in 2022.

Egypt-based logistics and last-mile delivery startup, Bosta, has announced plans to launch its presence in South Africa and the United Arab Emirates (UAE) in 2022. This expansion is coming on the heels of a $6.7 million Series A funding round led by Silicon Badia with other participating local and

Franco-Senegalese Startup, Fleeti, Raises $1.1 million in Seed Funding

Franco-Senegalese Startup, Fleeti, Raises $1.1 million in Seed Funding

Fleeti, a Franco-Senegalese startup and fleet management solutions for Africa, has raised $1.1 million in seed investment from Newfund, Groupe Clim, Janngo, SkalePark, Mapinvest, and several business angels. Founded in July 2020 by Iban Olcomendy and Gabriel Delerue. Fleeti brings a new dynamic to the fleet management sector in

Nigerian fintech, OnePipe secures $3.5m in seed funding

Nigerian fintech, OnePipe secures $3.5m in seed funding

Nigerian API infrastructure fintech startup, OnePipe, has secured $3.5m in seed funding. The seed round which is coming a year after OnePipe raised $950,000 in pre-seed funding, was led by Atlantica Ventures. Tribe Capital and V&R associates. Canaan Partners, Saison Capital, Norrsken, The Fund, and Two

Busha raises $4.2m seed funding to scale its crypto exchange platform

Busha raises $4.2m seed funding to scale its crypto exchange platform

Nigeria-based cryptocurrency exchange, Busha has raised $4.2 million in investment led by Jump Capital. Cadenza Ventures, Blockwall Capital, CMT Digital, Greenhouse Capital, Raba Capital, and other investors also participated in the financing round. Busha which has been scaling its services across Nigeria since 2019 will now deploy the new

Mecho Autotech announces funding from Ingressive Capital, Ventures Platform, others

Ingressive Capital

Mecho Autotech announces funding from Ingressive Capital, Ventures Platform, others

Nigerian startup Mecho Autotech has secured an undisclosed amount of funding from VC firm Ingressive Capital, Ventures Platform, Tekedia Capital Investment, and Mono’s CEO Abdul Hassan. The startup intends to use this new funding to improve the quality and reliability of its auto care services in Nigeria. Launched in