Latest News

AfricInvest 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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Catalyst 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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Persistent 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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MTN 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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IFC 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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Autochek 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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Kenyan 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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More “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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FinTech

Nigerian 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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E-Commerce

Nomanini 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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E-Commerce

PocketApp (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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African 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...

Kenyan 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...

Cellulant 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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Cryptocurrency Africa

LUNO: 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...

Jumba 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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FinTech

MFS 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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Virridy 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...