An Israeli-based startup, Entrio, has secured funding of $7.5 million to grow its IT asset management platform.
The funding round was led by Communitas Capital Partners. Other investors that
The International Finance Corporation (IFC) has announced its investment in a risk-sharing facility for the Bank of Africa Group (BOA). This is aimed at easing access to finance for small
In recent years, Kenya has emerged as a force to be reckoned with in terms of technologically driven solutions to local problems on the African continent. After successfully establishing itself
A $14 million (R250 million) financing facility has been secured by Paymenow, a market-leading Earned Wage Access (EWA) platform, through Rand Merchant Bank (RMB), creating a structure unique to the
To grow its presence in South Africa and beyond, TROOP, a creator of corporate meeting technology and services, announced it had raised $11 million (about R201 million) in Series B
The Nigerian government’s decision to invest $52 million (N24.20 billion) in providing free broadband internet access in 75 public locations across the country is a significant step towards
German energy company, Juwi Renewable Energies announced today that the 84 MW Wolf Wind Farm in the Eastern Cape had reached financial close. Juwi claims that work has begun on
Egyptian VC firm Acasia Ventures has participated in the $1 million Seed round secured by the Lagos-based last-mile delivery platform Fez Delivery.
The investment round was led by Nigeria’s
Microsoft Kenya is reportedly laying off several employees, particularly at its Africa Development Centre in Nairobi. Although the exact number of employees affected is unknown, TechWeez reported that at least
Startups are leading the way in Africa’s industry 4.0. The region is experiencing a transition buoyed by the many new startups building on artificial intelligence (AI) decision-optimization software.
Ramp, an international start-up in decision science with its headquarters in the UK, has secured a $5 million seed investment round. The business was established in 2018 to give the
Payday, a Rwandan-born Pan-African neobank issuing global payments accounts denominated in USD, EUR, and GBP to Africans, has announced a $3 million seed round to drive its “future of work”
