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MENA Agritech Report H1 2023

MENA Agritech Report H1 2023

The MENA VC ecosystem witnessed a slow start in 2023, with funding declining by 13% YoY, and deals plummeting by 55%. In the first half of 2022, the highest funding deal was recorded in February with $375 million

CodeLn Launches CodeLnPay For Seamless Cross-Border Salary Payments To Remote Workers In Africa

CodeLn Launches CodeLnPay For Seamless Cross-Border Salary Payments To Remote Workers In Africa

CodeLn, a leading end-to-end technology platform, has unveiled CodeLn Pay, a revolutionary payroll platform designed to facilitate cross-border salary payments. This innovative solution aims to assist companies in streamlining the wage payment process, ensuring quick, secure, and hassle-free transactions for remote workers in Africa. The launch of CodeLn Pay addresses

Cryptocurrency Transactions Will Soon No Longer Be Permitted In South Africa Without A Licence

Cryptocurrency Transactions Will Soon No Longer Be Permitted In South Africa Without A Licence

Alfii, an HRtech company based in the UAE, has successfully raised $2.5 million in a pre-seed round

Alfii, an HRtech company based in the UAE, has successfully raised $2.5 million in a pre-seed round

Alfii’s mission is to be the most comprehensive fintech-powered people platform that helps companies thrive by caring for their people.

Meet Pitch2Win 15 Finalists Gunning For The $10k Prize Money

Meet Pitch2Win 15 Finalists Gunning For The $10k Prize Money

The grand finale of Pitch2Win is scheduled to take place on July 11th, 2023 in Lagos, Nigeria, where innovative startups in the Web2 and Web3 sectors will vie for the coveted $10,000 grand prize.

Safaricom To Establish Two VC Firms To Invest In Kenyan Startups

Safaricom To Establish Two VC Firms To Invest In Kenyan Startups

Safaricom intends to broaden its investment scope by supporting not only seed-stage startups but also the growth of established scale-ups.

Seedstars Launches FIWAM Program to Drive Financial Inclusion For Women Migrants

Seedstars Launches FIWAM Program to Drive Financial Inclusion For Women Migrants

Seedstars has launched the Financial Innovations for Women Affected by Migration (FIWAM) program to identify and support fintech businesses that are dedicated to promoting financial inclusion, particularly for migrant women in Asia, MENA, and Sub-Saharan Africa.

Yoco Launches Neo Touch To Redefine Seamless Payment In South Africa

Yoco Launches Neo Touch To Redefine Seamless Payment In South Africa

The development of Neo Touch was a complex and time-consuming process, requiring nearly 15 months of collaboration between Yoco's engineers and industrial experts.

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

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.

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

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.

NOMU Group Raises $5 Million in Seed Round

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.

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

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 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.

Fintech Capital Appreciation Finally Acquires Dariel

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.

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

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.

Tech Funding In Southern Africa, H1 2023

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.

African Tech Startups H1 2023 Funding Report

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

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

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

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.

Saudi's VMS Acquires Stake In Egyptian Accelerator Cash Cows

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 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

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

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

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

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.

Eyowo Clarifies Reports Of Shutdown, Employee Layoffs

Eyowo Clarifies Reports Of Shutdown, Employee Layoffs

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

UAE Logistics Startup Transportr Completes Eight-Figure Seed Round

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