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MTN purchases 144 plots of digital land for undisclosed fee, becomes first African telco to enter the Metaverse

Africarare metaverse Ubuntuland

MTN purchases 144 plots of digital land for undisclosed fee, becomes first African telco to enter the Metaverse

MTN Group, Africa’s largest telecommunications company, has announced the acquisition of 144 digital land plots in the Africarare metaverse Ubuntuland for an undisclosed sum. MTN Group has made history as the first African telecommunication company to enter the Metaverse with this purchase. Africarare is a pioneering South African Metaverse

M-Kopa raises $75m in equity funding and targets expansion

M-Kopa raises $75m in equity funding and targets expansion

Kenyan Fintech platform providing financing and digital financial services to underbanked consumers across four markets in Africa, M-KOPA, has announced it secured $75M in a Growth Equity round to bring the startup’s total equity funding to $190M. The round was led by Generation Investment Management and Broadscale Group, with

African Startups raise Over $630M in February to bring total funding in 2022 to $1,109,590,000

African Startups raise Over $630M in February to bring total funding in 2022 to $1,109,590,000

Africa’s tech space is unleashing innovation that drives job creation and economic opportunities. African startups are leveraging expansive access to finance and funding to build technological competitiveness. Speaking of African startups’ record breaking 2021 is probably sounding like a broken record now. However, continuing with the current funding pace

GE Healthcare and a Kenyan startup, Afya Rekod partners to boost healthcare delivery in Africa

GE Healthcare and a Kenyan startup, Afya Rekod partners to boost healthcare delivery in Africa

GE Healthcare and Afya Rekod, a Kenyan startup, have struck a strategic relationship to boost care delivery in Nigeria, Kenya, and South Africa by providing better and more seamless access to personal health data. By enabling hospitals and diagnostic institutions to host health records securely on one platform through a

Boxconn plans aggressive expansion across Africa after facilitating thousands of deliveries in Nigeria and Botswana

Boxconn plans aggressive expansion across Africa after facilitating thousands of deliveries in Nigeria and Botswana

Boxconn is a Ghanaian logistics software platform that enables businesses and individuals to deliver on-demand. It provides a white-label delivery service that allows businesses to promote delivery through their own channels while also gaining access to an on-demand fleet of riders. The e-logistic start-up was founded in January 2021 by

FreshSource Raises Seven-Figure Seed Round for Expansion

FreshSource Raises Seven-Figure Seed Round for Expansion

MENA region’s B2B agri-supply chain platforms, FreshSource, has just announced a seven-figure investment from 4DX Ventures and Wamda. The funding round will be used to scale its operations across Egypt and serve more farming communities. The Cairo-based, fresh food platform was launched in 2019 by Farah Emara and Omar

Egyptian logistics startup, Milezmore raises $5M in pre-seed funding round led by Brimore

Egyptian logistics startup, Milezmore raises $5M in pre-seed funding round led by Brimore

Egyptian logistics provider startup, Milezmore has raised $5 million from the social commerce platform, Brimore in a pre-seed funding round. Milezmore is a cutting-edge, cost-efficient, tech-enabled logistics solutions platform that provides cloud fulfillment, last-mile delivery, and other tailored operations solutions. Milezmore is the first of its kind in Egypt, providing

Africa’s Disrupt Story: The Case of E-Commerce Startups in Egypt

Africa’s Disrupt Story: The Case of E-Commerce Startups in Egypt

North African Disrupt The Egyptian government has shown increased support to further boost the country’s startup ecosystem and disrupt tech. Egypt’s technology and innovation-driven ecosystem has seen nothing but growth in the past years. As such, the number of startups in Egypt has grown fast, while also attracting

SA’s Silvertree Brands acquires foodtech UCOOK in $12.3M deal

SA’s Silvertree Brands acquires foodtech UCOOK in $12.3M deal

South Africa’s leading consumer brand Silvertree Brands, has acquired food tech meal kit delivery startup UCOOK in a deal worth ZAR 187 million ($12.3 million). The South African dinner kit delivery service provides viable and ethically sourced ingredients delivered to users. The startup was co-founded by David Torr,

Four African startups to participate in the 10th Fintech cohort of the Catalyst Fund

Four African startups to participate in the 10th Fintech cohort of the Catalyst Fund

Four African startups have been selected to participate in the 10th fintech cohort of the Catalyst Fund, a global inclusive tech accelerator managed by BFA Capital. The African startups in the program include AquaRech, ColdHubs, TopUp Mama, Tulix, and two other startups, Koltin and Mujer Financiera, from Mexico and Argentina,

Nigerian data Science start-up, Voyance, raises $500,000 in pre-seed round, introduces two new products

Nigerian data Science start-up, Voyance, raises $500,000 in pre-seed round, introduces two new products

Voyance, a Nigerian data science startup, has raised $500,000 in a pre-seed funding round that Beta led. Ventures with participation from Zedcrest Capital, HoaQ club, and Assembly Investors. Fola Olatunji-David, founding partner of Kickoff Africa, and Nelly Chatue-Diop, the co-founder and CEO of Ejara, were among some angel investors

TradeDepot, B2B marketplace acquires Ghanaian-based Green Lion to drive expansion across Ghana

TradeDepot, B2B marketplace acquires Ghanaian-based Green Lion to drive expansion across Ghana

TradeDepot, a leading B2B eCommerce platform that connects micro-retailers with distributors and manufacturers of fast-moving consumer goods (FMCGs), has announced the acquisition of Green Lion, a fast-growing B2B eCommerce platform in Ghana, for an undisclosed sum. This will help the company expand and provide seamless service delivery. TradeDeport will acquire

Egyptian logistics startup, OneOrder secures $1M funding from A15

Egyptian logistics startup, OneOrder secures $1M funding from A15

Egypt-based logistics startup, OneOrder, has successfully raised $1 million in a fundraising round to resolve supply chain inefficiencies for restaurants in Egypt. VC firm A15 led the fundraising round. OneOrder is a tech-enabled supplier and wholesale distributor platform covering the supply chain and distribution for HORECA, i.e., hotels, restaurants,

Kenyan fintech startup, Credrails secures seed funding to revolutionize financial infrastructure in Africa

Kenyan fintech startup, Credrails secures seed funding to revolutionize financial infrastructure in Africa

Kenyan financial infrastructure startup Credrails will close a deal worth $2.5 million in a seed funding round to connect Africa to its API. The seed funding round was led by Softbank Group Corp. and participated in Unicorn Growth Capital, Precursor Ventures, and Samos Investments. Credrails delivers the infrastructure to

Marketforce raises $40 M Series A to launch BNPL merchant stock financing, expand across Africa

Marketforce raises $40 M Series A to launch BNPL merchant stock financing, expand across Africa

Marketforce, a Kenya-based retail B2B and end-to-end distribution network, has raised $40 million in Series A funding to help finance merchant inventories and expand across Africa. Ten13 VC, SOSV Select Fund, Vu Ventures, Vastly Valuable Ventures, and Uncovered Fund were among the investors in the round, led by V8 Capital

Avidea Insurance raises $696,000 for Expansion

Avidea Insurance raises $696,000 for Expansion

Tunisian digital insurance startup, Avidea, has announced it raised $696k in a Pre-Series A funding round to hire more talent, expand the product’s functional scope, and expand to new markets. The investment round was led by Capsa Capital Partners, a private equity firm and vehicle 216 Capital Fund. Avidea

Fawry partners other tech founders to establish ‘Roaderz’, a last mile delivery for SMEs

Fawry partners other tech founders to establish ‘Roaderz’, a last mile delivery for SMEs

Leading Egyptian e-payment solution provider, Fawry, has announced that it has signed an agreement with Samer Gharaibeh, Softec Technologies, and Ammar Zawaideh to co-found Roaderz, a tech-enabled crowdsourcing platform to connect individual couriers and small delivery operations with e-commerce merchants and social sellers. Roaderz, through AI, would allow merchants to

Cellulant gets nod from the Kenyan Central Bank to operate in the country

Cellulant gets nod from the Kenyan Central Bank to operate in the country

Cellulant, a Payment Service Provider has gotten the approval of the Central Bank of Kenya to expand its payments services for businesses, banks, and consumers in the East African country. With this approval, Cellulant will continue to allow businesses to collect payments online and offline, while allowing anyone to pay

Africa’s Tech Savvy Youths and the 4IR

Africa’s Tech Savvy Youths and the 4IR

Key players and Features of previous industrial revolutions In discussing Africa’s Tech Savvy Youths and the 4IR, it is important to ascertain its development. At the traditional stage, the world was not tech savvy. Western Europe was characterized by a subsistent, agricultural based economy, with intensive labor and low

Nigerian start-up, Meeula launches smart business card for effective networking among professionals

Emmanuel Uduebholo

Nigerian start-up, Meeula launches smart business card for effective networking among professionals

Meeula, a Nigerian start-up has launched a smart lead-generating business card to aid corporate professionals, entrepreneurs, and business executives to effectively network. Meeula was founded in May last year by Emmanuel Uduebholo to ease the stress of moving around with a paper business card by the executive. Meeeula allows its

South African startup, Zindi raise $1 M to outsource data scientists to global companies

South African startup, Zindi raise $1 M to outsource data scientists to global companies

South African startup Zindi, has secured $1 million in a seed funding round to aid the expansion of its network of data scientists. The seed funding round had four investors, with Shakti Capital taking the lead, and had Launch Africa, Founders Factory Africa, and Five35 Ventures participating. Zindi is a

Flutterwave Secures $250m Series D, Becomes the most valuable tech startup in Africa

Flutterwave Secures $250m Series D, Becomes the most valuable tech startup in Africa

Pan African fintech startup, Flutterwave has announced that it has raised $250 million in Series D funding, valuing the company at over $3 billion as the brand continues to transform the way Africans transact on the continent and worldwide. Flutterwave has become the highest valued African startup with this investment.

Morocco’s Freterium raises $4M to expand its freight trucking software across MENA

Morocco’s Freterium raises $4M to expand its freight trucking software across MENA

Freterium, a Morocco-based startup that digitalizes freight trucking through its software, has raised a $4 million seed round to expand across the country and the Middle East and North African region. The funding round was led by San Francisco-based investor, Partech with participation from CDG Invest, Y Combinator, Flexport, Swiss

Nigerian fintech startup, Earnipay, raises $4M in seed funding to offer on-demand salaries to employees in Africa

Nigerian fintech startup, Earnipay, raises $4M in seed funding to offer on-demand salaries to employees in Africa

Nigerian fintech startup, Earnipay, has raised $4 million in seed funding to provide salary solutions to employees. The seed round was led by venture capital firm Canaan, with participation from XYZ Ventures, Voltron Capital, Ventures Platform, and Paystack CEO Shola Akinlade. Earnipay is a fintech solution that offers a start

VC Corner: the best startup founders are the ones willing to grind, think outside of the box – Eunice Ajim

VC Corner: the best startup founders are the ones willing to grind, think outside of the box – Eunice Ajim

In 2021, African startups raised over $4 billion in venture capital, with seven tech startups becoming unicorns, a meteoric rise from 2019 and 2020. This success for startups became a precursor for more funding activities by VC firms. Despite the huge capital that came into the continent, only two early-stage