Egyptian tech-focused Venture Capital firm, Algebra Ventures, has recently announced the appointment of Laila Hassan and Omar Khashaba to its second $90 million funds as General Partners. Both individuals collectively bring together a strong regional network and portfolio support expertise and a multi-stage investment experience. Laila previously worked with 500

Lagos based startup, Tix Africa, a self-service ticketing platform for event creators in Nigeria, has announced the close of a six-figure pre-seed funding round to scale up its events app. The funding round was led by HoaQ, a community of creators and operators interested in backing African startups. With participation

TECNO’s release of its premium flagship PHANTOM X hitting the mid-to-high-end brought no small disturbance. It is not only a major move for TECNO, but also a positive signal for the industry – mid-to-high-end smartphone technology and market has become more mature today, and market demand is likely to spread

Africa-focused early-stage investment firm VestedWorld has invested in Nigerian marketing technology company Terragon to increase its geographical reach, expand its product suite and develop new partnerships. The terms of the transaction were not disclosed Founded in 2011, Terragon offers a consumer insight and activation platform that aggregates, organizes, and enriches

After securing a six-figure investment in January this year, Egypt-based delivery startup, Zeew, has recently announced the raise of another $170,000 from Sanabil 500 MENA Seed Accelerator. The Accelerator is an initiative led by both Sanabil Investments and 500 startups. This latest fund brings the total investment received by

Pan-African technology group, Liquid Technologies has announced a partnership with the tech giant, Facebook to build an extensive long haul and a metro fiber network in the Democratic Republic of Congo (DRC). This partnership is expected to improve internet access for more than 30 million people and help meet the

MaxAB, an Egyptian B2B startup that helps small retailers procure inventory for their stores, has today announced the close of a $40 million Series A funding. The round was led by North-Africa-focused impact investor, RMBV. Other investors in the round include the International Finance Corporation (IFC), Flourish Ventures, Crystal Stream

TeamApt, a Nigerian fintech startup that offers agent banking services to Nigerians with intentions to launch a digital bank soon, has successfully secured an undisclosed amount in a Series B round. Though the exact amount wasn’t stated, sources familiar with the deal said it’s higher than $20 million

Zipline, an African drone delivery startup, has secured $250 million in new funding to expand its logistics networks across Africa and the United States. The round was led by Baillie Gifford, with support from returning investors Temasek and Katalyst Ventures. New investors like Fidelity, Intercorp, Emerging Capital Partners, and Reinvest