Seedstars has officially launched Seedstars Capital, its investment platform for emerging venture capital (VC) fund managers with the support of xMultiplied, a Swiss…
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BusinessStartups
500 Global partners with Egypt’s ITIDA to launch support programmes for local startups
500 Global, a US-based venture capital firm, is partnering with the Egyptian IT Industry Development Agency (ITIDA) to bring a…
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Egypt-based startup Grinta, a fintech-enabled B2B tech platform digitising the pharmaceutical supply chain, raised $8 million Seed funding co-led by…
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Kenyans who trade in cryptocurrencies will be required to pay taxes if MPs approve changes to the law seeking to regulate and tax the…
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BusinessGovernment
Africa Development Bank and African Union Sign $9.73 M Grant Agreement to Drive Digital Market Development in Africa
The African Union Commission (AUC) and the African Development Bank have signed a grant agreement to implement Phase 1 of…
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Morocco-based edtech Smartprof, an online tutoring marketplace for school-aged students has secured a pre-Seed funding round of $110,000 from Plug and…
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Snapplify ,an edtech platform that specialises in enabling digital learning via the largest digital education marketplace in Africa has partnered with the pan-African publishing house Longhorn…
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StartupsVenture Capital
IFC launches $225 million platform to strengthen VC ecosystems in Africa, Middle East
World Bank-backed International Financial Corporation (IFC) has launched a $225 million platform to strengthen venture capital ecosystems in Africa, the…
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US-based and Mena-focused VC firm Modus, a Venture Platform operating in MENA comprising VC funds, Venture Builders, and a Corporate…
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Branch International, a San Francisco-based fintech with operations across Nigeria, Kenya, Tanzania, and India, has announced the appointment of Seun…
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Startups
Online marketplace Jiji announces Black Friday offers for buyers and sellers on their platform
Jiji Kenya, the online marketplace has announced Black Friday offers for both the buyers and sellers on their platform. Sellers…
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Startups
UAE -based fintech uqudo partners with numerous companies to enhance digital identity in Africa
uqudo , a digital identity company that makes customer onboarding safe, efficient and cost-effective has partnered with numerous entities in the African…
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Egypt-based fintech Blnk, a fintech startup that enables instant consumer credit in Egypt, has raised $23.7 million in equity and…
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Fawry, the Egyptian e-payments solutions provider, has announced today that its subsidiary Fawry Microfinance has launched the Tamweelak Fawry mobile app. Tamweelak…
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Kenya will start manufacturing cheap smartphones following an announcement by President William Ruto today that the government is working on…
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HomeBiogas,a company that develops domestic and commercial-scale biogas systems, offering a comprehensive solution for waste management, renewable energy creation, clean cooking,…
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Government
Kenya and Tanzania partner to launch postal cross border business to enhance service delivery
The Postal Corporation of Kenya has launched a cross-border business partnership with the Tanzania Postal Corporation to facilitate ease of…
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The Orange Côte d’Ivoire Group and Vanu, Inc. announce a partnership to provide connectivity in rural areas in Côte d’Ivoire…
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Startups
Electric two-wheeler starup MAUTO closes a $5 million transaction in the voluntary carbon offset market
MAUTO, the electric two-wheeler in Africa has announced the first closing of a $5 million transaction in the voluntary carbon…
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Algeria-based super app Yassir, a multi-sided marketplace offering on-demand services such as ride-hailing, food and grocery delivery, banking and more…
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Startups
Morocco-based fintech startup WafR raises $120,000 to expand its network of clients and FMCG brands
Morocco-based fintech startup WafR, has raised $120,000 from First Circle Capital, bringing the company’s post-funding valuation to over $10 million.…
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Egypt-based foodtech startup Brotinni, has raised a $600,000 Seed round led by Innlife investments. Founded by Dalia Abou Omar, Brotinni…
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BusinessStartups
Jumia appoints new Management Board and Acting CEO as Jeremy Hodara and Sacha Poignonnec step down
Jumia Technologies , African e-commerce platform has announced the appointment of a new Management Board and Acting CEO, as Jeremy Hodara and Sacha…
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Pyypl , the Middle East and Africa (MEA) focused financial services platform and Hub71 company has closed its target Series B…
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Education
Amazon Web Services and the Ministry of Education host the Inaugural Education Conference 2022
Amazon Web Services (AWS) in collaboration with the Ministry of Education today hosted educational technology experts and leading professionals at the inaugural…
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BusinessTransportationTravel
Kenya Airplane Pilots Association updates on the ongoing industrial action
Kenya Airplane Pilots Association (KALPA ) the umbrella association for pilots in Kenya with membership drawn from major airlines within the…
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The global pandemic has transformed the tourism industry and two years later, Kenya is finally seeing recovery. According to Trading…
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EnergyStartups
Renewable energy company ZOLA Electric launches first-of-its-kind distributed mini-grid in Rwanda
ZOLA Electric, the Emerging Market energy technology company has announced the launch of the first-of-its-kind, distributed mini-grid. The groundbreaking mini-grid project,…
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BusinessWomen
African Development Bank, First City Monument Bank sign deal to bolster access to finance for small, medium businesses
The African Development Bank has signed an agreement with First City Monument Bank (FCMB) for a $50 million line of credit…
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UAE-based car subscription platform invygo, has announced a $10 million Series A funding led by MEVP. The round also included…