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MTN Nigeria provides clarification on service disruption, says it only affects few locations

MTN Nigeria provides clarification on service disruption, says it only affects few locations

MTN Nigeria has provided clarification on the widespread reportage that the company’s services will be disrupted in Nigeria. The telecom giant has described the reports as misleading. This clarification is coming on the heels of a message sent out by MTN Nigeria notifying its customers of a possible network

Kenyan Foodtech startup Kune raises $1m pre-seed funding

Kenyan Foodtech startup Kune raises $1m pre-seed funding

Kenyan Foodtech startup Kune delivers freshly-made, ready-to-eat meals at affordable prices and has announced it closed $1m in pre-seed funding round to help its scaling process. The funding round was led by Launch Africa Ventures, with anchor investments from Century Oak Capital GmbH and Consonance. Kune was launched in 2020

Crypto Fintech Centbee selected for regulatory sandbox

Crypto Fintech Centbee selected for regulatory sandbox

Johannesburg-based BitcoinSV Centbee cross-border remittance app, Minit Money has been selected as part of the first cohort for South Africa’s Intergovernmental Fintech Working Group (IFWG) regulatory sandbox- an initiative that allows innovators the opportunity to test new products and services under the supervision of relevant regulators. The IFWG regulators

UBA, fintech firm Layer partner to boost financial services in Africa

UBA, fintech firm Layer partner to boost financial services in Africa

Layer, a digital banking platform provider, has announced its partnership with the United Bank for Africa (UBA) to drive digital transformation and provide greater access to a broad range of financial services to its Kenyan customers. This new partnership will see the company add 18 million users across 25 different

Egypt’s Fashion E-commerce Platform DressCode raises $250k funding

Egypt’s Fashion E-commerce Platform DressCode raises $250k funding

Egyptian fashion and e-commerce startup DressCode has announced it secured $250k in funding to help it expand its offering, mostly in the home décor space. DressCode was founded in 2018 by the duo of Mohamed Abdel Dayem and Ali Zakaria. The startup has offered experiential retail environments and a well-curated

Wayja releases South Africa’s first P2P betting App

Wayja releases South Africa’s first P2P betting App

Johannesburg-based Wayja has announced it launched its cashless P2P betting platform. The app’s platform will allow users to connect with friends and make cashless wagers on anything, from anywhere. The startup which officially launched in 2020 by Reece Jacobsen and Clinton Holroyd has since been funded by seed capital

Helium Health Goes Live in Kenya

Helium Health Goes Live in Kenya

Nigerian health-tech startup, Helium Health has finally launched its presence in Kenya. This is coming after the startup raised $10 million in a Series A round and announced its expansion plans in May, last year. Launched in 2016 by the entrepreneurial trio of Adegoke Olobusi, Tito Ovia, and Dimeji Sofowora,

Nigerian Seso Global raises $600k pre-seed Funding round

Nigerian Seso Global raises $600k pre-seed Funding round

Nigerian prop-tech startup Seso has announced it raised $600k in pre-seed funding round as it bids to build on strong initial traction. Ventures that participated in the round include Kepple Africa Ventures, Rising Tide Africa, and Moabi Group, as well as angel investors Albert Essien, Ibrahim Sanga, and Jamie Broderick.

World Economic Forum selects 54Gene and Sokowatch as Technology Pioneers

World Economic Forum selects 54Gene and Sokowatch as Technology Pioneers

The World Economic Forum has announced its selection of the 100 most promising Tech pioneers of 2021 which includes companies that are shaping industries from their different sectors. The World Economic Forum’s Technology Pioneers include early to growth-stage tech companies from around the world focused on having a significant

Egyptian e-commerce platform Tejarra raises 6-figure seed round from U.S. VC Firm Openner

Egyptian e-commerce platform Tejarra raises 6-figure seed round from U.S. VC Firm Openner

The Egypt-based electronic e-commerce platform, Tejarra has raised a six-figure US dollar seed funding round to help it scale more quickly. Launched in January 2021 by Islam Erfan, Tejarra is an online B2B and B2C electronics platform for over 50 partner wholesalers, who ate currently offering over 18,000 products

Kenya’s MarketForce acquires Digiduka to Scale its Service

Kenya’s MarketForce acquires Digiduka to Scale its Service

Kenyan startup MarketForce has announced the acquisition of Digiduka to accelerate its services across Africa. MarketForce was launched in 2018, the startup enables an end-to-end retail distribution to allow consumer brands to optimize how they deliver essential goods and services to retailers and consumers by bridging the information gap in

Kenyan e-Commerce Startup Sky.Garden raises $4m in Series A funding

Kenyan e-Commerce Startup Sky.Garden raises $4m in Series A funding

Kenya’s e-commerce startup Sky.Garden has announced it closed a $4 million round of Series A funding to accelerate its growth. The round featured SANAD Fund for MSME, Aavishkaar, UNCOVERED FUND, and KSK Angel Fund, the latter founded by Japanese former AC Milan footballer Keisuke Honda. Sky. Garden was

Oman’s eMushrif Acquires Egyptian Edtech Startup Tareeqi

Oman’s eMushrif Acquires Egyptian Edtech Startup Tareeqi

Oman-based IoT-enabled mobility startup, eMushrif, has acquired Tareeqi, a Cairo-based Edtech startup, for an undisclosed amount. This acquisition is a continuation of eMushrif’s regional expansion plans, following its acquisition of MyRoute, a Kuwaiti startup specializing in bus tracking applications. This deal gave eMushrif the leverage to offer its services

Ethiopia to sell 40% stake in Ethio Telecom, to open its economy

Ethiopia to sell 40% stake in Ethio Telecom, to open its economy

The Ethiopian government has disclosed that it is opening up the tender process for the sale of a 40% stake in the government-owned telecom company, Ethio Telecom. What this implies is that potential investors can now indicate their interest to buy the stakes starting from Tuesday. This is the first

GIGL partners JET Motor Company to launch Nigeria’s first electric vehicle for deliveries

GIGL partners JET Motor Company to launch Nigeria’s first electric vehicle for deliveries

Mobility startups in the world are beginning to become very conscious of the environmental hazards associated with their businesses. That’s why in a bid to reduce its carbon footprints, GIGL, a Nigerian courier and Logistics company has partnered with JET Motor Company to launch its first electric vehicle (EVs)

South Africa’s mobility startups can apply for funding from uYilo program

South Africa’s uYilo– which means “to create” has announced that applications have opened for the 2021 uYilo Mobility Programme. South African mobility startups will be offered up to $73k in grant funding aimed at assisting projects to reach commercialization into the market. The national uYilo eMobility Program was established

Ethiopian Logistics Startup Eshi Express raises funding round

Ethiopian Logistics Startup Eshi Express raises funding round

Ethiopian logistics startup Eshi Express has announced it raised an undisclosed amount in funding from the Addis Ababa Angels (AAA) Network as it looks to expand across the country. Established in 2017, Eshi Express is a delivery startup operating in Addis Ababa and two provincial Ethiopian cities. The platform allows

Egypt-based Fatura secures $3M Pre-Series A funding to expand its ecommerce and digital lending platform

Egypt-based Fatura secures $3M Pre-Series A funding to expand its ecommerce and digital lending platform

Egypt-based B2B e-commerce platform, Fatura has raised $3 million in a pre-series A funding round co-led by Egypt based VC firm, Sawari Ventures and Arzan VC. The funding round also saw participation from previous investors EFG-EV and Cairo Angels; others include Egypt Ventures and Khwarizmi Ventures. In August 2020, Fatura

3 African blockchain startups secure grant funding from UNICEF

3 African blockchain startups secure grant funding from UNICEF

Three African blockchain startups have been selected to receive grant funding from the UNICEF Venture Fund. Looking to support early-stage ventures in solving local and global challenges the UNICEF Venture Fund is investing in seven blockchain startups in six countries after receiving 450 submissions from 77 countries. The startups will

Egyptian Edtech startup iSchool raises $160k pre-seed funding

Egyptian Edtech startup iSchool raises $160k pre-seed funding

Egyptian Edtech startup iSchool has announced it raised $160k in pre-seed funding to develop an online platform, expand its offerings and expand across the Middle East and North Africa (MENA) region. The investment comes from EdVentures, the venture capital arm of Egypt’s Nahdet Misr Publishing Group. iSchool was founded

Nigeria’s Plentywaka partners GUO Transport to expand Bus travel offerings

Nigeria’s Plentywaka partners GUO Transport to expand Bus travel offerings

Nigeria’s mobility tech startups, Plentywaka and GUO Transport Services Limited, have today announced a partnership to further simplify the bus booking travel experience for Nigerians. The partnership will enable both startups to combine technology, to offer a more simplified and enhanced product service through Plentywaka’s mobile app. GUO

Central Bank of Nigeria to Pilot Digital Currency Before December

Central Bank of Nigeria to Pilot Digital Currency Before December

Globally, Central banks are beginning to reconsider their positions on digital currencies as a medium of exchange. That’s why over the last two years, some of the world’s central banks have been exploring the option of creating their own digital currency to stem the tide of other decentralized

Egyptian Fashion eShop DressCode Secures $250K

Egyptian Fashion eShop DressCode Secures $250K

Egypt Ventures has announced it invested $250,000 in Cairo-based fashion and leisure e-commerce firm DressCode. Dresscode was created in 2019 as an ultimate one-stop shop for the modern yet economical woman. It aims to promptly offer stylish quality products at appealing prices to every user in Egypt. DressCode sells

Dutch Investor FMO to Provide Additional $5 Million to Solar Energy Firm Greenlight Planet

Dutch Investor FMO to Provide Additional $5 Million to Solar Energy Firm Greenlight Planet

Dutch development finance institution FMO has announced it would provide an additional $5m funding to Greenlight Planet Inc. The Dutch bank recently granted a €21 million loan to French green energy developer GreenYellow for the construction of a solar power plant in Nagréongo, Burkina Faso. Greenlight Planet Inc is a

Multichoice offers $281.5M for 49% stake in BetKing as part of African expansion plans

Multichoice offers $281.5M for 49% stake in BetKing as part of African expansion plans

Leading African entertainment company, Multichoice Group has made an offer of about $281.5 million to Blue Lake Ventures Limited (BetKing) in a bid to increase its stake in the company from 20% to 49%. As revealed by Multichoice, this offer was made after the approval for an increase in