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MTN Group closes in on tower deal amid wider breakup

MTN Group closes in on tower deal amid wider breakup

All plans are in place for the MTN Group to complete the sale and lease-back of the South African towers by the end of September. A separation of the FinTech and optical fiber units is also being developed as the wireless service provider works to pay off its debt. According

Ghanaian eCommerce startup Plendify launches B2B e-commerce marketplace

Ghanaian eCommerce startup Plendify launches B2B e-commerce marketplace

Ghanaian pan-African eCommerce startup Plendify has launched a B2B e-commerce platform to connects small and large African wholesalers, manufacturers, exporters, and importers with customers. Plendify was established in 2018 by Beau Sackey to help small and medium businesses in Africa execute commercial transactions. The startup operates an e-commerce B2B Marketplace

Tizeti launches NeXTGEN connectivity solutions to address post-pandemic 'new normal', announces partnership with $5m fund for African

Tizeti launches NeXTGEN connectivity solutions to address post-pandemic 'new normal', announces partnership with $5m fund for African

Tizeti, West Africa’s pioneer solar-based internet and voice service provider has launched new connectivity offering to enable more Africans to take advantage of digital offerings in a new world defined by the Covid-19 pandemic. The new products encompass the company’s commitment to widening the broadband envelope in Nigeria

Egyptian Mobility Startup SWVL Adopts Blockchain Payment

Egyptian Mobility Startup SWVL Adopts Blockchain Payment

Egyptian mobility startup Swvl has announced it has joined in the global business frenzy as it agrees to a partnership with leading Blockchain technology company Concordium to enable blockchain payment for its customers. Swvl which announced it was going public in July and currently operating in Saudi Arabia is a

JumiaPay partners with Egypt’s National Bank to provide business payment services

JumiaPay partners with Egypt’s National Bank to provide business payment services

Pan-African eCommerce platform Jumia has partnered with Egypt’s largest state-owned bank, the National Bank of Egypt (NBE), as it aims to provide financial services through its payment channel and business line, JumiaPay. JumiaPay was launched in September 2017 by the Jumia eCommerce platform. The platform was created as a

Nigeria to lift Twitter Ban in a few days – Information Minister

Nigeria to lift Twitter Ban in a few days – Information Minister

The federal government of Nigeria has on Wednesday said the ban on Twitter will soon be lifted. The Minister of Information and Culture, Alhaji Lai Mohammed, disclosed this in a media briefing with State House correspondents at the end of the virtual Federal Executive Council, FEC, meeting presided over by

Access Bank and Udacity partner to Advance Tech Skills among Africans

Access Bank and Udacity partner to Advance Tech Skills among Africans

Access Bank and Udacity have announced they are partnering to award 1,000 scholarships in 2021 to African students looking to enhance their future career or skill set in today’s most sought-after, in demand tech skills. Udacity speaking said they were proud to provide hands-on learning opportunities in fields

VC Firm Uncap, Invites African Early Stage Startups to Apply for Funding

VC Firm Uncap, Invites African Early Stage Startups to Apply for Funding

Africa focused early-stage funding platform Uncap, has officially commenced operations in Sub-Saharan Africa. The program was initiated with the aim of making early-stage funding available for startups in Sub-Saharan Africa. The firm has now invited startups to apply as the application period will last two months and will include a

Nigerian eCommerce startup, Omnibiz, raise a $3m seed round to expand across West Africa

Nigerian eCommerce startup, Omnibiz, raise a $3m seed round to expand across West Africa

Omnibiz, a Nigerian Business to Business (B2B) eCommerce startup, has announced the close of a $3million seed round to expand to other African countries. The funding round was led by V&R Africa, Timon Capital, and Tangerine Insurance. Other participants in the round include Lofty Inc., Musha Ventures, Sunu

Nigeria-based anti-counterfeiting startup, Chekkit raises $500k pre-seed funding

Nigeria-based anti-counterfeiting startup, Chekkit raises $500k pre-seed funding

Nigerian anti-counterfeiting startup, Chekkit, has secured a $500,000 pre-seed funding round to enable it to expand its operations within the pharmaceutical and FMCG industries. Pan African VC, Launch Africa, Japan Strategic Capital, Blockchain Founders Fund, and two syndicate groups of angel investors participated in this round. The company also

Nigerian E-commerce startup Obtech raises over $15k Pre-seed Investment from Hardware Garage

Nigerian E-commerce startup Obtech raises over $15k Pre-seed Investment from Hardware Garage

Nigeria-based e-Commerce startup Obtech has announced it raised over $15k at the pioneering edition of the Hardware Garage Centre in the Enugu state of Nigeria. Hardware Garage is an acceleration center where hardware innovators with scalable ideas in Nigeria are transformed into commercially viable products. The 2021 pioneering edition saw

South African E-commerce Startup My Car Guide launches its Mobile App for Auto Part Buyers with Sellers

South African E-commerce Startup My Car Guide launches its Mobile App for Auto Part Buyers with Sellers

South African e-commerce startup My Car Guide has announced the launch of its online trading platform for businesses and end-users. My Car Guide was launched in 2020 by Innocent Matlala in Johannesburg to cut out the middlemen in the buying and selling of car spare parts from manufacturers and sellers.

Nigerian Mobility Fintech Startup Moove raises $23m in funding

Nigerian Mobility Fintech Startup Moove raises $23m in funding

Nigerian mobility Fintech startup providing revenue-based vehicle financing to mobility entrepreneurs across Africa Moove has raised $23m in series-A funding to expand its tech-based vehicle financing platform. The funding round was led by Speedinvest and Left Lane Capital, with participation from DCM, Clocktower Technology Ventures, the latest. ventures, LocalGlobe, Tekton,

South African Fintech startup Callpay Acquired At A Valuation Of Over $6.8m

South African Fintech startup Callpay Acquired At A Valuation Of Over $6.8m

South African Fintech startup Callpay has announced it has been purchased by a global Fintech service provider. The sale of majority shares was based on the company’s valuation of more than $6.8m, as the startup aims to raise investment to help accelerate its growth. Head of partnerships at

Kenya-based Healthtech Startup BYON8 Raises $1.5m Seed Round for African Expansion

Kenya-based Healthtech Startup BYON8 Raises $1.5m Seed Round for African Expansion

Sweden and Kenya-based digital health startup BYON8 has announced it raised $1.5m in seed capital to help it expand across Africa. The funding round was led by People Ventures, a Danish early-stage technology investor, and other investors including Jellyfish Invest and T&W Holding. BYON8 was launched in

Decagon raises $1.5m seed round, receives $25m loan to finance and train software engineers

Decagon raises $1.5m seed round, receives $25m loan to finance and train software engineers

Nigeria-based IT firm, Decagon has today announced the close of a $1.5 million seed round and a $25 million student loan facility received from Sterling Bank, a leading financial institution in Nigeria. The seed round was led by Kepple Africa and Timon Capital, with investments from Tokyo-based UNITED Inc.

Zambian Fintech Startup Union54 Announces Development of Africa’s First Card Issuing API

Zambian Fintech Startup Union54 Announces Development of Africa’s First Card Issuing API

Zambia-based Fintech startup Union54 has announced it has partnered with Mastercard to become a Mastercard Principle member, allowing the startup to become an authorized issuer of debit cards. Union54 was launched in 2015 as Zazu by Perseus Mlambo and Alessandra Martini, as at the time, the startup was a challenger

Nigerian Agritech Startup Zowasel receives $100k at the UNWFP Zero Hunger Sprint

Nigerian Agritech Startup Zowasel receives $100k at the UNWFP Zero Hunger Sprint

Nigeria-based Agritech startup Zowasel that participated in the UN World Food Program ‘Zero Hunger Sprint’ has received $100k investment funding from Guinness Nigeria Plc and leading pan-African consumer packaged food manufacturer, Promasidor Nigeria Limited. Zowasel was founded by Jerry Oche to create a sustainable marketplace for crops by matching verified

Nigeria’s digital cargo provider MVX raises $1.3 million from Kepple Africa, other investors

Nigeria’s digital cargo provider MVX raises $1.3 million from Kepple Africa, other investors

MVX, a Lagos-based digital freight, and the hauling startup has secured $1.3 million in seed funding to help merchant shippers move cargoes faster. The startup which started as a booking service for chartered sea vessels, but pivoted into a digital freight forwarding and trade finance venture last year, raised

Egyptian E-commerce Startup Teegara Secures Five-figure Pre-Seed Round

Egyptian E-commerce Startup Teegara Secures Five-figure Pre-Seed Round

Cairo-based e-commerce startup Teegara.com has announced it raised five-figure funding in a pre-Seed funding round led by the Alexandria Angels Network and angel investors from Saudi Arabia, Egypt, and the Netherlands. Teegara is a B2B2C e-commerce startup founded in 2019 by Ahmad Kayyali and Nader Ibrahim, with Ahmed Samir

South African Insuretech startup, Naked closes $11 Million Series A led by Naspers Foundry

South African Insuretech startup, Naked closes $11 Million Series A led by Naspers Foundry

South Africa-based insuretech platform, Naked has announced the close of its $11 million Series A round led by Naspers through its early-stage tech investment vehicle, Naspers Foundry. Previous investors, Yellowwoods and Hollard, also participated in the funding round. This deal is coming on the heels of Naspers investment in another

Payhippo gets accepted into YCombinator Summer Cohort 2021

Payhippo gets accepted into YCombinator Summer Cohort 2021

Nigeria-based fintech startup, Payhippo, has been accepted into Y Combinator’s Summer 2021 cohort, joining 167 startups, four of which are African. Launched in January 2020 by Zach Bijesse (CEO), Chioma Okotcha (COO), and Uche Nnadi (CTO), Payhippo is working to bridge the gap between small business owners and the

Kenya’s Wapi Pay raises $2.2M pre-seed to facilitate cross-border payments between Africa and Asia

Kenya’s Wapi Pay raises $2.2M pre-seed to facilitate cross-border payments between Africa and Asia

Kenya based fintech startup, Wapi Pay, has closed a $2.2 million pre-seed funding round to facilitate global payments and remittances between Asia and Africa. Investors that took part in the round include China-based MSA Capital, which has previously backed unicorns such as Meituan, Nubank and Klarna; Pan African and

Once Again, Accelerex Demonstrates Fintech Leadership with Two Awards

One of Nigeria’s foremost financial technology companies, Global Accelerex (Accelerex), has yet again demonstrated its leadership in the financial technology industry by clinching the FinTech Services Provider of the Year and Customer Focused ICT Company of the Year awards at the 12th edition of the Beacon of Information and

Egyptian gaming Marketplace Gamesbandy secures $40k Grant funding

Egyptian gaming Marketplace Gamesbandy secures $40k Grant funding

Egyptian gaming marketplace GamesBandy has announced it closed $40k in grant funding from Taqadam, a MENA-based accelerator firm helping African startups to scale. Gamesbandy was founded in 2020 and became the first platform in the region to provide users with a safe and simple way to buy and sell gaming