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Kyosk Acquires Kwikbasket To Revolutionize The Supply Of Fresh Produce In Africa
News Analysis

Kyosk Acquires Kwikbasket To Revolutionize The Supply Of Fresh Produce In Africa

Kyosk has acquired KwikBasket, a prominent player in the agricultural sector, to revolutionize the supply of fresh produce and expand into the African fresh produce market with the introduction of its Farm & Fresh line of business.
Jul 5, 2023 3 min read
Morocco's Chari Receives $1.5 Million To Scale Its Growth
Investment

Morocco's Chari Receives $1.5 Million To Scale Its Growth

The investment will give the company the boost it needs to carry out its expansion strategies and build up its ground-breaking infrastructure for financial services for the general public.
Jul 5, 2023 2 min read
NOMU Group Raises $5 Million in Seed Round
Funding

NOMU Group Raises $5 Million in Seed Round

NOMU, a Saudi-Arabia-based food-tech startup, founded in 2022 as a result of the merger between Jumlaty and Appetito announced it has raised $5M in a seed round to expand its technology offering.
Jul 5, 2023 1 min read
Orange Bank Africa Partners IFC To Extend Digital Lending To West African SMSEs
News Analysis

Orange Bank Africa Partners IFC To Extend Digital Lending To West African SMSEs

Orange Bank Africa partners with the International Finance Corporation to extend digital lending opportunities to small and medium-sized enterprises (SMEs) in West Africa.
Jul 4, 2023 3 min read
Nigerian Invoice Financing Startup, Zuvy Emerges From Stealth Mode With $4.5M

Nigerian Invoice Financing Startup, Zuvy Emerges From Stealth Mode With $4.5M

Nigerian startup specializing in invoice financing and software solutions, Zuvy has raised $4.5 million in a TLG Capital-led investment round to expand its operations across the country.
Jul 4, 2023 2 min read
Fintech Capital Appreciation Finally Acquires Dariel
Daily

Fintech Capital Appreciation Finally Acquires Dariel

In April, the company initially revealed its intention to acquire Dariel, stating that it aimed to obtain the entire company for a total purchase price of R85.3 million.
Jul 4, 2023 2 min read
DRC's Nuru Receives $40M To Build The Biggest Mini-Grid In Sub-Saharan Africa
News Analysis

DRC's Nuru Receives $40M To Build The Biggest Mini-Grid In Sub-Saharan Africa

Nuru's ambitious goal of illuminating five million lives across the Democratic Republic of Congo by September 2024 receives a major boost as IFC, the Global Energy Alliance for People and Planet and many others invest $40M in its Series B funding round.
Jul 4, 2023 3 min read
Tech Funding In Southern Africa, H1 2023
Members only

Tech Funding In Southern Africa, H1 2023

The VC slowdown in 2023 so far (Jan.–June) has been characterized by a YoY halving of both the number of $1 million+ deals and the amount raised (excluding exits) and mounting pessimism across sectors and among founders.
Jul 4, 2023 5 min read
African Tech Startups H1 2023 Funding Report
Members only
Features

African Tech Startups H1 2023 Funding Report

African tech startups' VC funding dipped by over 50 per cent in the first half of 2023, as 131 startups struggled to raise $1.19 billion.
Jul 3, 2023 4 min read
Maholla, ikeja Partners In South Africa To Improve Internet Access For Youth In Townships

Maholla, ikeja Partners In South Africa To Improve Internet Access For Youth In Townships

In the current era, internet connectivity has become an essential element for social communication, and it is crucial to ensure that everyone has access to it. Recognizing this, Maholla, a startup specializing in rewards apps, has joined forces with ikeja, an internet service provider, to improve internet connectivity in South
Jun 30, 2023 1 min read
Ghanaian Berry Health Secures $1.6M To Tackle Health-Related Stigma In Africa
News Analysis

Ghanaian Berry Health Secures $1.6M To Tackle Health-Related Stigma In Africa

Ghanaian consumer health startup, Berry Health, has secured $1.6 million in funding to democratise healthcare and tackle health-related stigma in Africa.
Jun 30, 2023 3 min read
Saudi's VMS Acquires Stake In Egyptian Accelerator Cash Cows
Daily

Saudi's VMS Acquires Stake In Egyptian Accelerator Cash Cows

Saudi Arabian Venture Studio VMS has acquired a minority stake in Egypt-based start-up accelerator Cash Cows. The deal forms a strategic partnership that will boost the entrepreneurial ecosystem in both countries. According to a statement made by Cash Cows on Sunday, the alliance aims to pool resources, expertise, and support
Jun 30, 2023 2 min read
InfoDocs Innovative Solution Towards CPIC Requirements

InfoDocs Innovative Solution Towards CPIC Requirements

InfoDocs, a South African startup is offering solutions to enable companies in the country to meet up with Companies and Intellectual Property Commission (CPIC) legal standards. According to the organization, registered companies have failed to remit annual returns as required of them, which could lead to significant risks like penalties
Jun 29, 2023 2 min read
Wave’s Feature On YC’s Top 50 List: Implications For African Francophone Startups
Members only
Daily

Wave’s Feature On YC’s Top 50 List: Implications For African Francophone Startups

Jun 29, 2023 2 min read
Kenya’s ShopZetu Raises $1M Pre-Seed Funding To Expand Its Fashion Marketplace
Daily

Kenya’s ShopZetu Raises $1M Pre-Seed Funding To Expand Its Fashion Marketplace

Kenyan ShopZetu raises $1 million to expand its operations beyond Kenya and venture into beauty and home décor categories, catering to the growing needs of style-conscious women across Africa.
Jun 27, 2023 3 min read
Eyowo Clarifies Reports Of Shutdown, Employee Layoffs
Daily

Eyowo Clarifies Reports Of Shutdown, Employee Layoffs

Eyowo denies shutdown rumors and insists that they are decommissioning a product and implementing workforce restructuring.
Jun 27, 2023 2 min read
UAE Logistics Startup Transportr Completes Eight-Figure Seed Round
Funding

UAE Logistics Startup Transportr Completes Eight-Figure Seed Round

Transportr, a UAE- based logistics platform, has completed its eight-figure seed funding round. The investment was led by the VC arm of Ittihad International Investment, Ittihad Ventures Holding along with Industrial Capital Group. The startup is currently getting ready for its Series A fundraising round, which will be utilized for
Jun 27, 2023 1 min read
Climate Change: Africa’s Climate (Clean) Tech Startups In Focus
Members only
Features

Climate Change: Africa’s Climate (Clean) Tech Startups In Focus

Jun 26, 2023 4 min read
The Future Of Venture Capital In Africa
Members only

The Future Of Venture Capital In Africa

Jun 26, 2023 3 min read
Vuleka Crowned Winner At The Visa Everywhere Initiative (VEI) Competition
Daily

Vuleka Crowned Winner At The Visa Everywhere Initiative (VEI) Competition

Vuleka, a local start-up in South Africa was declared the winner of the fintech competition, the Visa Everywhere Initiative (VEI).  This event is the South African edition held in Cape Town where Vuleka was awarded prize money of $50,000 (R926,751). This will advance the startup to the regional
Jun 26, 2023 3 min read
UAE’s HashMove Secures Pre-Series A Round For Saudi Expansion
Funding

UAE’s HashMove Secures Pre-Series A Round For Saudi Expansion

UAE-based logistics platform HashMove has secured an undisclosed pre-Series A round from Bahrain’s Bunat Ventures with participation from a Saudi business group. HashMove will use the fresh funding to expand and relocate its headquarters to Riyadh in Saudi Arabia. The company has already made news by signing an agreement
Jun 26, 2023 1 min read
African Crypto Startups' Journey: Insights From Pillow's Shutdown
Members only
Features Featured

African Crypto Startups' Journey: Insights From Pillow's Shutdown

Jun 23, 2023 2 min read
Vertiv launches its African Headquarters in Johannesburg
Daily

Vertiv launches its African Headquarters in Johannesburg

Vertiv, a global provider of critical digital infrastructure and continuity solutions, has officially opened its African head office and Customer Experience Centre in Johannesburg, South Africa. Their establishment of these facilities reflects Vertiv's commitment to investing in the region and its "Africa for Africa" initiative. Wojtek
Jun 23, 2023 2 min read
Egypt's Fashion E-commerce Startup The Fashion Kingdom (TFK) Announces Acquisition Of Fashion Brand OPIO
Startups

Egypt's Fashion E-commerce Startup The Fashion Kingdom (TFK) Announces Acquisition Of Fashion Brand OPIO

Egypt's leading fashion e-commerce,  The Fashion Kingdom (TFK) has acquired OPIO, a direct-to-consumer (D2C)  fashion brand. This deal will see both TFK and OPIO bring on board their expertise, resources, and brand portfolios to create a powerhouse fashion group. In the company's quest to create "
Jun 23, 2023 2 min read
Absa Bank Botswana Launches Mobi Tap App
Daily

Absa Bank Botswana Launches Mobi Tap App

Absa Bank of Botswana launches the Absa Mobi Tap app to promote financial inclusion in Botswana. This initiative allows merchants and small, micro, and medium enterprises (SMMEs) to process contactless card transactions. Instead of traditional point-of-sale devices, merchants can now use their smartphones to carry out daily business transactions. The
Jun 23, 2023 1 min read
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