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.
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.
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.
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
Ghanaian consumer health startup, Berry Health, has secured $1.6 million in funding to democratise healthcare and tackle health-related stigma in Africa.
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
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,
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.
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
