Innovation
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1.2KCartona, Egyptian B2B e-commerce platform, raises $12 million Series A round
Cartona, a B2B platform based in Egypt, has closed its $12 million Series A fundraise led by Silicon Badia – the venture...
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998Seedstars launches its second emerging market seed-stage fund
Seedstars, a seed-stage venture fund dedicated to emerging and frontier markets, has supported over 90 emerging market venture ecosystems, and with this...
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1.1KCassava Technologies secures $50m investment from C5 Capital
Cassava Technologies, Africa’s integrated tech company of continental scale, announced that it has secured a US$50 million investment from C5 Capital, a...
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982AfricInvest and Cathay Innovation Complete Close of €110M Venture Fund
AfricInvest, a multi-asset investment platform in Africa, and venture capital firm Cathay Innovation, have completed the final close of their joint Pan-African...
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3.7KCatalyst Fund raises $3.5 to accelerate and scale pre-seed impact ventures in Africa
Global inclusive tech accelerator Catalyst Fund, managed by BFA Global, has announced that FSD Africa has invested $3.5M to anchor the Fund’s presence in Africa and...
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923Persistent Energy raises $10 Million Equity Round to grow climate venture building in Africa
Persistent Energy Capital LLC, Africa’s Climate Venture Builder, announced that it has raised USD 10M in equity in its Series C round. ...
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834MTN teams up with ETAP to reward Nigerians for good driving
MTN Nigeria, Africa’s leading technology company, has teamed up with ETAP, a mobility technology company that creates solutions and incentives to improve...
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1.1KIFC Invests in Mobile Money Firm Wave to Boost Access to Digital Financial Services in West Africa
To spur financial inclusion and support economic growth in Senegal and Côte d’Ivoire, global development institution, IFC has announced an investment in...
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989Autochek acquires CoinAfrique to accelerate expansion across Francophone Africa
Autochek, the automotive technology company making car ownership more accessible and affordable across Africa, has announced the acquisition of CoinAfrique, the leading...
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4.1KKenyan Startup, Duhqa, Closes $2 Million Seed round
Founded in 2021 Duhqa is a B2B retail tech platform that empowers informal African merchants to digitally source and pay for inventory,...
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967More “women in tech” doesn’t necessarily mean more female developers
Having more women in tech doesn’t necessarily mean more female engineers and developers, but rather getting more young women tech-ready, to see...
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1.2KNigerian Fintech, Moove, secures $20 million credit from British International Investment
British International Investment (BII), the UK government’s Development Finance Institution (DFI), formerly known as CDC Group, has announced a $20 million, 4-year...
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1.1KNomanini launches StockNow, a digital retailer solution
Nomanini, a fast-growing fintech platform in Africa, has announced the launch of a new supply chain finance solution called StockNow that connects...
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1.3KPocketApp (formerly Abeg App) Secures AIP for Mobile Money Operator License in Nigeria
The Central Bank of Nigeria has granted an Approval In Principle to Abeg Technologies Limited, a product of Piggytech Global Limited, as a Mobile Money...
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3.2KAfrican healthtech start-ups prompt launch of $7 million innovator support program
Healthcare consulting firm Salient Advisory has launched its latest market intelligence report highlighting promising African healthtech start-ups in supply chain. Spurred by...
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1.3KKenyan Digital Insurance firm, mTek, raises $3million
Following a recent $1.50 million investment, Kenyan insurtech, mTek, has secured an additional investment commitment from African-focused fintech platform, Finclusion Group, to-date...
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1.3KCellulant Partners With 5 Water Utility Companies in Zambia
Pan-African Payments technology company, Cellulant, has announced a digital payment partnership with five leading Zambian water utility companies; Nkana Water, Kafubu Water,...
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1.3KLUNO: WHO IS BUYING CRYPTO IN AFRICA?
The average African crypto buyer is most likely to be male, spends about $20 USD on the first purchase and holds onto...
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1.3KJumba Raises $1Mil Pre-Seed Round to Build Construction Tech in Africa
Jumba, a construction tech startup whose vision is to rationalize the construction supply chain in Africa, has raised a $1 million pre-seed...
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1.0KMFS AFRICA ANNOUNCES THE EXTENSION OF ITS SERIES C TO US$200 MILLION
MFS Africa, a digital payments network, has announced that it has secured an additional US$100 million in equity and debt funding led...
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3.4KVirridy closes a $5.5 million Series A Funding led by Accord Capital
Virridy, dedicated to improving the management of environmental resources through technology, has announced a $5.5 million Series A funding to accelerate the...
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956GOMYCODE raises $8 million Series A round
Tunisian ed-tech startup GOMYCODE recently closed an $8 million Series A round led by AfricInvest, through the Cathay AfricInvest Innovation Fund (CAIF),...
