Techstars Shuts Down Lagos Operations After 3 Years
ARM Labs Lagos Techstars, a startup accelerator program, has shut down after two years of operation in Nigeria. The program...
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Pan-African VC Firm Janngo Capital Closes $78M Funding Round
Janngo Capital, an African venture capital firm, has secured €73 million ($78 million) in its second funding round, exceeding its...
Moroccan Cross-border Logistics Startup Colis.ma Raises $300,000 to Expand in Africa
Moroccan logistics startup Colis.ma has secured $300,000 in pre-seed funding. The investment came from Witamax, a private-backed venture capital firm,...
Basigo Secures ksh.5.4B Funding to Deliver 1,000 Electric Buses in East Africa in the Next 3 Years
BasiGo, a leading provider of electric bus solutions in sub-Saharan Africa, has secured $42 million in new capital. This funding...
Nigerian B2B e-Conmerce Startup OmniRetail Acquires Traction App
Nigerian e-commerce startup OmniRetail has acquired Traction Apps, a fintech company, for an undisclosed fee. This acquisition will enhance financial...
African Cryptocurrency Startup Yellow Card Raises $33m Series C Funding Round
Yellow Card, a crypto platform operating across Africa, has raised $33 million in Series C funding. This latest investment was...
Nigerian Digital Lenders Unlock ₦1 Billion Capital Through Lendsqr’s On-Lending Program
Lendsqr, a Nigerian fintech startup, has launched an on-lending initiative to provide capital to lenders, enabling them to extend credit...
Transform Health Fund Secures $111m, Targets More African HealthTech Startups
AfricInvest, a pan-African investment platform, has successfully closed its Transform Health Fund (THF) at $111 million, surpassing its initial target....
SA Shipping Platform TUNL Secures Seed Funding to Boost eCommerce Export
TUNL, a South African shipping platform, has raised new funding to help small and medium businesses (SMEs) with marketing. The...
Equator Africa Secures Additional $5 Million from IFC to Boost ClimateTech in Africa
Equator Africa, a venture capital firm, has secured an additional $5 million from the International Finance Corporation (IFC) to support...
Scale Raises $700,000 in Pre-Seed Funding to Simplify Card Issuance in Africa
Scale, a South African fintech startup, has raised $700,000 in pre-seed funding to support its expansion into Kenya, Zambia, and...
SoftBank Targets $500M Investment in OpenAI as Apple Backs Out of Funding Round
SoftBank Group Corp. is set to invest $500 million in OpenAI, a leading artificial intelligence company. This move is part...
9 Loans and Grants for Small and Medium Sized Businesses in Kenya
Small and medium-sized enterprises (SMEs) play a pivotal role in Kenya's economy, driving innovation, job creation, and economic growth. However,...
Zeno Secures $9.5M in Seed Funding to Develop Electric Vehicle Solution
Zeno, an electric mobility startup founded by Michael Spencer, has secured $9.5 million in seed funding to drive its mission...
Uganda’s ABC secures funding from Netherlands-based Goodwell Investment to expand its client base
Uganda's Agent Banking Company (ABC) has secured a significant investment from Goodwell Investments, a Netherlands-based impact investor. This investment marks...