To position itself as a hub for digital innovation in North Africa, the Moroccan government has launched MoroccoTech, a digital hub for techies in Morocco.
The hub was launched by
To shore up mobile money and electronic transactions in the country, the Bank of Uganda has announced that it will lower cheque value limits for amounts above the equivalent of
Asaak, a Ugandan asset financing startup has secured $30 million in Pre-Series A equity and debt funding to finance motorbikes and smartphones debt purchase schemes for Africans. New and existing
Cairo-based live learning Edtech startup, Orcas, has raised $2.1m in a pre-series A funding round from CIRA’s NFX Ventures and Access Bridge Ventures. Algebra Ventures, Launch Africa Ventures,
There are at least 44 million formal SMBs in Africa. 71% of them require more finance to grow their businesses than they can currently access. However, obtaining credit isn’t
Unwanted Attention
Was Wave’s $200 million Series A financing in September last year unwanted attention to Francophone Africa? With African startups being particularly hyped for global funding and investment
In its first deal for the year, VC firm, Microtraction, has announced an investment in fintech startup Pivo, a financial platform for small and medium-sized businesses.
In a Medium post,
Fintech Farm, a British fintech company that creates neobanks in emerging markets, has raised a $7.4M investment to launch neobanks in 8 countries during the next two years.
The
SeamlessHR, a Nigerian startup that offers payroll and HR software-as-a-service (SaaS) solutions, has raised a $10 million Series A round led by TLcom Capital.
Existing investors such as Lateral Capital
Lipa Later, a Kenyan tech-led consumer credit startup, raised $12 million in pre-Series A funding. This brings the company’s total funding to about $16 million to date.
The startup
The Nigerian government has lifted the ban on the popular social media platform Twitter, six months after the suspension was made. The government also said the social media company has
Cairo-based Foodtech startup, 3attar, has secured an undisclosed seed investment to expand its user base and develop its tech stack.
AUC Angels, UI Investment, and a group of angel investors
