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The Fashion Kingdom, Egypt’s e-Commerce Startup, Secures $2.6M Seed Round to Scale

The Fashion Kingdom, Egypt’s e-Commerce Startup, Secures $2.6M Seed Round to Scale

The Fashion Kingdom (TFK), an Egyptian e-commerce marketplace for curated fashion, beauty, and home accessories items, has secured $2.6 million in CVentures, a corporate venture capital firm based in Egypt, and A15, an early-stage VC in the MENA region-led the seed funding round. Existing and new investors who also

NALA Opens Headquarters in Nairobi, Partners with Equity Bank

NALA Opens Headquarters in Nairobi, Partners with Equity Bank

NALA, a Tanzanian fintech with a developed system to process payments has opened its Headquarters in Nairobi, Kenya, and likewise partnered with Kenya’s Equity Bank. This will be NALA’s first physical presence since inception as it had previously run a fully remote workforce, this time the headquarters will

Nigerian Auto Financing Startup, Moove, Expands into India, Launches in Mumbai, Two Other Cities

Nigerian Auto Financing Startup, Moove, Expands into India, Launches in Mumbai, Two Other Cities

Moove, Nigerian mobility fintech on Monday announced its entry into the Indian market with the launch of operations in Mumbai, Hyderabad, and Bengaluru. The three cities have a combined population of over 27 million and are the most populated cities in India. This expansion aligns with the startup’s vision

Remedial Health Enables Buy-Now-Pay later Policy To Maximize Sales Opportunity

Remedial Health Enables Buy-Now-Pay later Policy To Maximize Sales Opportunity

Remedial Health, a Nigerian health startup has activated a flexible payment plan for its customers to help them maximize sale opportunities in the pharmaceutical market. This was made known when Co-founder Samuel Okwuada granted journalists an interview. As reported, Okuada revealed that this policy is provided to assist drug store(

Creative Dock Group Expands to Egypt, Targets $102M investments in MENA

Creative Dock Group

Creative Dock Group Expands to Egypt, Targets $102M investments in MENA

Creative Dock Group (CDG), Europe’s leading corporate venture builder, announced on July 7th, 2022 the acquisition of FoundersLane – an independent corporate company builder that co-creates digital businesses with leading global corporations – to create a joint venture that builds and rapidly scales digital-first products across diverse sectors and verticals with

There Were 32 New Global Unicorns Last Month. None was from Africa

There Were 32 New Global Unicorns Last Month. None was from Africa

Africa didn’t have a single unicorn roughly six years ago, but today the region is home to about eight startups worth over $1 billion. This results in a noticeable improvement while also portending room improvement compared to other heavyweights. African startups have joined the rest of the world, demonstrating

AVIC International Brings Back Technology Competition In 6 African Nations

AVIC International Brings Back Technology Competition In 6 African Nations

AVIC International Holding Corporation, AVIC International, has disclosed that its competition, Africa Technology Challenge is back and will take place in Ghana, Uganda, Kenya, Egypt, Zimbabwe, and Zambia. This season will be the competition’s seventh season. The Covid-19 pandemic had caused a two-year break. AVIC International is an intercontinental

Kwik Delivery Launches E-commerce Platform Kwikstore

Kwik Delivery Launches E-commerce Platform Kwikstore

Kwik delivery has decided to expand its services as it ventures into the growing e-commerce industry by launching the Kwik store. This is an initiative that is intended to enable and empower vendors. The Kwik Store will provide a free e-commerce retail store solution that will enable African entrepreneurs, vendors,

Cartona Raises $12M Series A to Scale its B2B e-Commerce Service across Egypt

Cartona Raises $12M Series A to Scale its B2B e-Commerce Service across Egypt

Cartona, an Egyptian B2B FMCG e-commerce startup has raised $12 million in a Series A funding round to expand across Egypt, grow its product, technology, and services, and explore new verticals beyond FMCG. Silicon Badia, the venture capital firm investing in global technology entrepreneurs led the series A funding round

Guichet.com, Morocco's Leading E-Ticketing Startup, Records Over 1M Sells, Expands to Senegal

Guichet.com, Morocco's Leading E-Ticketing Startup, Records Over 1M Sells, Expands to Senegal

Guichet.com, Morocco’s digital ticketing market leader, has announced its first international expansion outside of Morocco. The Moroccan pioneering ticketing startup announced the formal launch of its Senegal subsidiary. The new branch, headquartered in Dakar, Senegal, is the result of a strategic alliance between Guichet.com and a leading

Kenya's Saving Platform, Koa Partners With Jumia

Kenya's Saving Platform, Koa Partners With Jumia

The alliance of two parties often results in something big, dramatic, and impactful. At least, this has always been the case in most movies, when superheroes come together to save the day or when two nations join forces to invade an opposing country. The idea behind acts like partnerships, collaborations,

Durban-based Ignition Group Acquires Online Classified Platform, Gumtree

Durban-based Ignition Group Acquires Online Classified Platform, Gumtree

For the first time in 18 years, Gumtree South Africa will be owned by South Africans. Previously, the American worldwide e-commerce company eBay and then Adevinta held control of the company. The acquisition firm Impresa Capital is the principal shareholder of the Durban-based Ignition Group of enterprises, which was founded

Spotlighting Vaxiglobal after its Triumph at the Kofi Annan Award for Innovation in Africa

Spotlighting Vaxiglobal after its Triumph at the Kofi Annan Award for Innovation in Africa

The Kofi Annan Award for Innovation in Africa has named Zimbabwean immunization Healthtech startup, Vaxiglobal, as one of the winners of the Kofi Annan award. Vaxiglobal uses contactless biometrics to reduce waste of immunization resources, improve data quality with open standards, and enable the expansion of immunization campaigns in African

Liquid Cyber Security Launches Africa’s First Centre Against Cyberattacks

Cassava Technologies

Liquid Cyber Security Launches Africa’s First Centre Against Cyberattacks

South Africa-based cyber security startup, Liquid, has announced the opening of matrix of Cyber Security Fusion centres aimed at managing the ever-growing threat of cyberattacks. Liquid believes that the centres will provide access to threat intelligence and bring together the existing Liquid Cloud Operations and Liquid Network operation centres, ensuring

FrontEnd Ventures Prepares To Supports Kenyan Startups With $5Million

FrontEnd Ventures Prepares To Supports Kenyan Startups With $5Million

Kenya-focused venture capital fund, FrontEnd Ventures has closed its first $ 1 million venture capital fund to make funding available for early-stage startup founders in Kenya. Launched in 2021 by Steven Wamathai and Njeri Muhia, the venture capital is supported by a Five million US Dollars ($ 5 million) fund which is

MAX, Nigeria’s EV Startup Targets Eight New African Countries after Nigeria and Ghana

Electric Vehicles

MAX, Nigeria’s EV Startup Targets Eight New African Countries after Nigeria and Ghana

Metro Africa Xpress (MAX), a Nigeria-based electric vehicle startup backed by a private-equity firm, Lightrock LLP will be embarking on an aggressive expansion into about eight African countries by next year after attaining a foothold in its base in Nigeria and neighboring Ghana, as demand for investment in the low-emission

South African Augmental Technologies Set to Launch its Tracto App for Neurodivergent Kids in the US

South African Augmental Technologies Set to Launch its Tracto App for Neurodivergent Kids in the US

South Africa-founded Healthtech start-up, Augmental Technologies, has announced it is set to launch in the United States. Before creating Tracto, “a digital companion app,” to assist parents of neurodivergent children, Herman Lintvelt and Michael van der Linde spent three years researching their needs. The founders like to think of Tracto

Nigeria's Sudo Africa Gets Farida Kabri As New Head Of Growth

Nigeria's Sudo Africa Gets Farida Kabri As New Head Of Growth

It seems Sudo Africa is keeping to its mission of growth and expansion as the fintech company appoints a new Head for its growth department. Sudo Africa has just made Frida Kabir Its new Head of Growth to help the organization meets its desired targets. Founded by Kabir Shittu and

Bizao Raises $8.1M Series A to Scale its Payments Platform across Africa

Bizao Raises $8.1M Series A to Scale its Payments Platform across Africa

Bizao, an African fintech firm that facilitates payments for both domestic and international businesses operating in Africa, has raised $8.1 million in series A funding to expand its offering across the continent and invest in the development of new products and service lines. The investment round was led by

Airtel Kenya Separate From Mobile Money Product, Airtel Money

Airtel Kenya Separate From Mobile Money Product, Airtel Money

Airtel Kenya has made it clear that it will be separating its mobile money product, Airtel Money, and the company itself, Airtel Kenya. The telecommunications company made this known through an announcement, as it now places Airtel Money under its subsidiary, Airtel Money Kenya Limited. According to the company’s

5 African Startups in Y Combinator’s Summer 2022 (YC S22) Batch

5 African Startups in Y Combinator’s Summer 2022 (YC S22) Batch

When Paul Graham launched Y-Combinator in 2005, the firm differentiated itself from other startup accelerator firms due to the value-added service they have been able to provide their clients. Y-Combinator’s business model is to invest in startup companies, even those considered to be high-risk startups, which may not have

South Africa’s E-commerce Startup, Makro, Launches Online Shopping App

South Africa’s E-commerce Startup, Makro, Launches Online Shopping App

The parent business’s long-term digital and e-commerce transformation strategy, Johannesburg Stock Exchange-listed Massmart, has announced the introduction of an online shopping app by South African retailer Makro. Makro claims that the app already has over 120,000 products and will allow users to quickly and affordably purchase items from

Nigeria joins Kenya, 3 other African Countries to Pass a Startup Bill

African startups

Nigeria joins Kenya, 3 other African Countries to Pass a Startup Bill

The Nigerian Startup Bill was passed on the floor of the Nigerian Senate on Wednesday, July 20, 2022. The senators passed the bill following consideration of a report from the Committee on ICT and Cyber Security. Nigeria is now the fifth African country to pass the bill, following Tunisia, Senegal,

MTN Partners MIA Telecoms to Offer Tech Entrepreneurs New Revenue Streams

MTN Partners MIA Telecoms to Offer Tech Entrepreneurs New Revenue Streams

MIA Telecoms has been chosen by MTN Business to serve as its aggregator for the administration of new partners and resellers. Through this tactical alliance, MTN Business will expand its reach and give its new partners a better overall relationship experience. With MTN’s market-leading mobile and connectivity solutions, emerging

Arab Financial Services Expands its Digital Payments Solutions into the Egyptian Market

Arab Financial Services

Arab Financial Services Expands its Digital Payments Solutions into the Egyptian Market

Arab Financial Services (AFS), a leading digital payment solutions provider and fintech enabler in the MENA region, has announced plans to expand its payments footprint in Egypt by opening a branch in the North African economic powerhouse. AFS Egypt will provide the country’s businesses and financial institutions with the