Eagle Towers, the portfolio division of Infra Impact Investment Managers, a South African infrastructure investment company, has secured over $5million (ZAR 100 million) loan facility that will be utilized to support the business’s expansion objectives. The Prescient Infrastructure Debt Fund of Prescient Investment Management provided the lending facility. Eagle

The Wahala Continues Expectedly, this year began in similar fashion as Q4 2022. The inability of the global economy to handle financial and social inefficiencies has created a devastating wahala in the tech ecosystem. Before we continue, here is a cool definition of “wahala”: an African word commonly used in

Tkyr, a Saudi digital platform for food delivery, raised a US$ 4 million fund in a Pre-Series A round led by a Saudi food company,  Food Square. Other investors participating in the round include; Ittihad Al-Khalidiyah, Haif, and Mateen Food. Founded in 2021, Tkyr provides an application that connects customers

Innovators in the green technology sector in Africa are urged to submit applications for the Green Innovation Hubs (GiH) incubation initiative. The program is intended to provide innovative enterprises with the chance to develop their operations through specialized mentorship, funding, and networking opportunities in industries like renewable energy, water, food,

Stitch, a payments infrastructure firm based in South Africa, has increased the scope of its services to offer end-to-end payment services (PSP). A system for orchestrating and reconciling payments called PayOS as well as card and debit order pay-ins were all introduced before this breakthrough. With flexibility and customizability, Stitch’

The Turkey-based ride-hailing startup, Volt Lines has closed its carve-out round, with a 30 percent oversubscription, after separating from SWVL in January. The round will help Volt Lines to achieve its short-term objective of attaining positive free cash flow by the end of 2023. Founder and CEO,  Ali Halabi said,

2023 did not start with the buzz that came with 2022. The global tech space was humbled by recurring layoffs with stakeholders looking skeptical to invest as a result of a devastating inflation. Amidst this, the entire global tech industry is earnestly waiting for a return to normalcy. Along with

Bahrain-based property technology startup, Estater has secured a $5 million Series A round from undisclosed investors from Saudi Arabia and Bahrain. Estater plans to use the new funds to develop its product, grow its internal team and enhance its technology infrastructure to attract new customers. Co-founder from Kuwait, Mahmoud AlJarrah

Technology-driven innovation aimed at streamlining the practice of law has led to the creation of legal startups. Afriwise’s 2020 Tech for the Law Sector Study states that 77.5% of respondents think the COVID-19 epidemic would result in some kind of reform. The legal profession requires precise and frequently

South Africa’s FSAT Labs incubator has announced the selection of 16 start-ups for its tenth cohort, with a focus on empowering women and climate-tech entrepreneurs. The six-month incubation program for the FSAT Labs cohort will begin in April and end in October. Due to the Covid-19 pandemic, FSAT Labs,

UAE-based fintech Credable has secured a $2.5 million seed round led by Ventures Platform and Egypt-based VC firm, Acasia Ventures formerly Cairo Angels. The startup will use the funds to launch Credable’s product pipeline across Tanzania, Uganda, and Kenya, grow its team as well as scale the company’

Morocco-based e-commerce startup Chari has rolled out a new chain of B2B stores to meet the demands of local grocery stores. The startup has already opened its first two stores on March 16, in Casablanca and el Jadida, Morocco, and plans of opening 100 stores by 2024. Co-founder of Chari,

The Saudi Venture Capital (SVC) in collaboration with Capital Market Authority has unveiled ‘Investment in Fintech VC Funds’ to raise funds for startups. The funds will be used to stimulate and sustain financing for startups and SMEs from pre-Seed to pre-IPO by investing $1.6 billion through investment in funds

Burger Index, a Spanish AI startup, has announced it secured $1.3 million in a seed funding round led by Flat6Labs, a leading venture capital firm in the Middle East and North Africa region, which also included F Capital and Cosmin Manea, a founding partner at Instashop. The startup intends

Planning for retirement may be a stressful process, especially in today’s environment of  uncertain market conditions and generally higher costs of living. You often worry if the amount of money you put into retirement savings, whether it be a lump sum or a monthly commitment, is actually enough for

Saudi Arabia-based healthcare technology startup, Aumet has acquired a $7 million pre-Series A funding round. The round came from Tokyo-based healthcare-focused venture capital, AAIC, the Swiss PE firm AIJ Holdings, Hamad Ali Sagri family office, Tijah Holdings, Cigalah Group, and existing investor Shorooq Partners. The startup will use the funds