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FairMoney in Talks for a $20M All-stock Acquisition of Umba for Further Expansion

Blessed Frank

Feb 20, 2024 • 2 min read

FairMoney

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Ethiopian Startup Beemi Secures Seed Funding to Boost Mobile Livestreaming Innovation

Addis Ababa-based startup Beemi has raised an undisclosed amount in seed funding from Renew Capital to expand its mobile-first livestreaming platform across Africa. The investment will help the company scale its interactive features, strengthen creator monetization tools, and build strategic partnerships with content creators and brands. Founded in 2023 by

Jun 2, 2025 1 min read

Wingu Africa Secures $60M to Accelerate Data Infrastructure Growth Across East Africa

Wingu Africa, East Africa’s first carrier-neutral data centre operator, has secured $60 million in funding from Rand Merchant Bank (RMB) to scale its operations and strengthen digital infrastructure across the region. The funding comes amid rising demand for secure and interconnected digital services driven by cloud adoption, enterprise digitalization,

Jun 2, 2025 1 min read

Cardano Accelerator Launches with Nine Startups, Two Africa-Centered

Cardano has officially launched the CV Labs Cardano Accelerator, a 10-week startup program aimed at advancing blockchain solutions built on its ecosystem. Hosted in Switzerland, the accelerator features nine early-stage ventures, two of which are focused on addressing key challenges in Africa. The program is designed to help startups go

Jun 2, 2025 1 min read

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