Ringier Africa & One Africa Media Raise Cash | Merge to Take on Naspers...

 This mid-morning Ringier Africa and One Africa Media (OAM) announced they have agreed to merge their pan-African Classifieds assets to create and grow Africa’s...

Mastercard takes a stake in Jumia to accelerate e-commerce growth in Africa

Mastercard has taken a stake in Jumia to grow e-commerce operations and support the digital transformation of the continent.

This virtual incubator has raised a new funding round to accelerate startups across Africa

This virtual incubator, which has invested more than $13 million into more than 24 graduated startups has announced that it has finished...

Seedstars partners with First Growth Ventures to launch a $100mn sub-Saharan Africa venture fund

Seedstars has partnered with First Growth Ventures' founders Tamim El Zein and Maxime Bouan to launch a $100mn sub-Saharan Africa venture fund....

AfricInvest and Cathay Innovation join forces to launch a $169m Pan-African Venture Fund

AfricInvest, a PE firm in Africa with $1.5bn in assets under management, and Cathay Innovation, the global venture capital fund, have created...

Daystar Power enters Ghana after raising $10m for West Africa expansion

Daystar Power, a solar energy firm has opened its second branch in West Africa with an office in the Ghanaian capital of...

Beyond Capital Fund Makes Second Investment in Kenyan Agritech startup

Beyond Capital Fund, an impact investment fund that invests in for-profit social enterprises throughout India and East Africa has made its second investment into...

Cellulant Raises $47.5 Million Series C From The Rise Fund to Expand its Digital...

Cellulant, a digital payments provider that reaches 40 million people across 11 African countries has sold a $47.5m stake to the Rise Fund, an...

GreenTec Capital invests in Namibian high-tech CPU maker PEBL

There are only three computers for every one thousand Africans due in part to the low presence of major PC manufacturers on the continent...

Cellulant to scale Agrikore, it’s mobile blockchain-based platform to more farmers

After raising $47.5m from the Rise Fund, a global impact investing fund managed by growth equity platform TPG Growth, Cellulant, says the investment will help scale...

Kenya’s Biasharabot, Onesha & Tozzaplus raise funding from Pangea, a Norway-based accelerator

Pangea accelerator has invested in 3 Kenyan startups, from their cohort of over 40 startups (from Egypt, Kenya and Nigeria) and over 400 applications. The three...

WorldRemit raises $40m to make sending money within Africa faster

Digital money transfer service WorldRemit has raised $40m to serve 10 million customers connected to emerging markets. With the funds, WorldRemit will enable customers in...

Frontier Car Group raises $89m from Naspers to expand across Africa

The Frontier Car Group, which operates Cars45 in Nigeria has raised $89m from Naspers to expand its second-hand car auction in Africa, Latin America...

This remittance firm has raised $20m Series C to simplify sending money to Ivory...

In a move to its users the freedom to send money whenever they want and how they want, this remittance firm, which has been...

Oikocredit invests € 1 million in Rwanda’s Inyenyeri to reach 150,000 households with ...

Social impact investor Oikocredit has made a € 1 million convertible loan to Inyenyeri, a fuel-utility company providing clean and environmentally-friendly cooking solutions in...

Kenya’s Africa’s Talking Raises $8.6m Series A Investment From IFC Venture Capital to Expand...

Africa’s Talking, a Kenyan based communication-platform-as-a-service (“cPAAS”) API startup, has raised $8.6 million Series A equity investment from IFC, a member of the World Bank...

Kenya’s eCommerce Firm Sky.Garden raises $1.2 million to launch its next generation merchant platform

Kenyan based eCommerce company, Sky.Garden,which is works as a ''Shopify for Africa'', has raised a $1.2 million to launch its next generation merchant platform later...

Branch raises $70 million in series B from IFC, Andreessen Horowitz & CreditEase to...

 Branch has raised $70 million in series B led by CreditEase, a Beijing-based leading FinTech conglomerate recently joined a group of prestigious investors to participate in...

Kenya’s Mobius Motors raises a $5 million debt financing to set up a manufacturing...

Kenya's Mobius Motors has received a $5 million loan from The Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution to manufacture...

Doubts about the ‘Africa Rising’ narrative as expatriate-founders take over Kenya’s startup ecosystem

African tech startups raised $560 million in VC funding in 2017, a 53% YoY Growth according to a report by Partech Ventures with a total of 128...

How Sky.Garden is enabling & disrupting eCommerce in Kenya

Sky.Garden is a SaaS mobile commerce platform built for retailers in Africa that allows retailers to sell inventory with ease on mobile. Sky.Garden aims...

Kenya’s m-survey raises $3.5 million from TLCom Capital to launch in South Africa

mSurvey, a startup that helps firms to gather customer feedback via the mobile phone has raised $3.5 million from TLCom Capital to expand across...

Naspers Ventures leads $50m Series C round for home care company Honor

Naspers Ventures has led a $50m Series C round for home care company Honor, a comprehensive home care company for older adults. The firm will use...

Nigeria’s TradeDepot Secures $3 Million Series A Led by Partech to Digitize FMCG Distribution...

TradeDepot, the innovative SaaS platform for FMCG distribution in Africa has raised $3 million in funding from Partech’s recently launched Africa Fund. The Series A...

Kings Biofuels receives $50,000 investment from KCIC

Kenya Climate Innovation Center pumped KES 5 million into Kenyan based ecofriendly briquette manufacturerKings Biofuels, as early-stage financing. The company being the second in...

Innovation hubs in Africa are overrated

There are over 300 tech hubs in Africa, with 50% of them concentrated in South Africa, Kenya, Nigeria, Egypt and Morocco. However, Innovation hubs in Africa...

This Cryptocurrency Wallet Has Raised More Than $0.5m in Seed Funding to Help Users...

This emerging markets focused cryptocurrency has raised seed funding to help bring cryptocurrency transactions to millions of users in Africa and in other emerging...

Asoko Insight Secures $3.6 Million in Series A Funding Round for Pan-African Expansion

Asoko Insight, a London-headquartered provider of corporate intelligence with research bases in Accra, Lagos, Nairobi, Addis Ababa and Abidjan has completed a $3.6 million...

Proparco invests $ 5 million into TLcom Tide Africa Fund to support the growth...

French development finance institution Proparco has just taken a $ 5 million stake in TLCOM TIDE AFRICA FUND to finance young innovative companies in sub-Saharan...

Car classifieds marketplace raises six-digit round, goes enterprise & launches in 10 new African...

Africar Group has raised an undisclosed 6 digits US dollars amount in 2018, from international investors for expansion in Africa, and now has platforms in...