Equator, a climate tech venture capital firm, has announced the initial close of its first fund with $40 million in commitments. The company, which focuses on sub-Saharan Africa, has received
It has already been established that several African startups struggle to survive, and most of them eventually fail. The failure rate of African startups was 54.20% between 2010 and
One of Libya’s leading startups, Presto Eat, has announced its plans to expand its coverage location within the nation. The expansion will serve as an avenue for the startup
EthSwitch, Ethiopia’s national payment switch has entered into a Memorandum of Understanding (MoU) with Mastercard to enable financial institutions across the East African nation to accelerate the adoption and
Singapore VC firm Scalo Technologies plans to invest a total of $100 million in growing startups in the MENA region for three to five to five years, according to a
Israel-based AI optimization startup, Redefine.dev has secured an amount of $8.5 seed round to accelerate the growth of the platform as well as recruit more personnel on board.
In order to provide access to financial services for individuals in Zimbabwe, Mukuru, a leading Southern African fintech company, has introduced a first-of-its-kind drive-thru facility in Chisipite, Harare. It is
A $31 million investment in Peach Payments, a quickly expanding supplier of digital payment services with operations in South Africa, Kenya, and Mauritius, has been proposed by UK-based asset manager
Shuttlers, a Nigerian ride-sharing startup has secured $4 million in a Verod-Kepple Africa Ventures (VKAV)-led funding round with participation from VestedWorld, ShEquity, CMC 21 & Alsa, and EchoVC to
UAE-based recruitment startup, RemotePass has rolled out a new physical debit card that would facilitate payments for remote workers.
The new service will enable remote workers who are active on
The term “agritech” refers to technological advancements and innovations used in agricultural processes to boost output while requiring fewer inputs and improve agricultural practices. Agritech’s tangible applications include faster
The Federal Competition and Consumer Protection Commission (FCCPC) has taken a major step towards curbing the activities of illegal loan apps in Nigeria by approving 173 digital lending platforms to
