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.

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.

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.

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.

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.

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.

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.

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.

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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.

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

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.

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

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

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Daily

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

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.

Daily

Eyowo Clarifies Reports Of Shutdown, Employee Layoffs

Eyowo denies shutdown rumors and insists that they are decommissioning a product and implementing workforce restructuring.

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

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Features

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

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The Future Of Venture Capital In Africa

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

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

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Features Featured

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

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

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 "

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