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...

Mohamed Alabbar and MEVP Launch $250 Million MENA-focused Venture Capital Fund

Middle East Venture Partners (MEVP) today announced the launch of its third MENA venture capital fund – the Middle East Venture Fund III (MEVFIII)...

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...

Entrepreneurs! Hurry, TEEP 2018 applications are closing in a few days

Hey there, are you an entrepreneur and need equity fee funding for your business or idea? Then you need to apply for the 2018...

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...

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...

DIFC launches a $100m FinTech-focused fund to accelerate fintech startups in the MENA region

 Dubai International Financial Centre (DIFC), a financial hub in the Middle East, Africa and South Asia (MEASA) region has launched a USD 100 million...

Pay-As-You-Go Solar platform Angaza raises $10.5 million in Series B financing

 Angaza, a Pay-As-You-Go solar tech platform and clean energy products manufacturer targeting off-grid consumers, has closed a $10.5 million in Series B financing led...

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.

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...

South Africa’s ideas collaboration platform Nectir raises $2m to bring social gamification to your...

Johannesburg-based online ideas collaboration platform Nectir, has raised $2m in seed funding to lead the next wave of business innovation management systems. Using strategy alignment and...

Naked raises R20m investment from Hollard & Yellowwoods to give customers a more flexible...

Naked, an insuretech startup set to launch in South Africa in the first quarter of 2018 has received funding through a R20 million investment...

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...

Legal SaaS platform Libryo secures $1M to expand across Africa & Europe to help...

UK and South Africa-based online legal compliance platform Libryo has closed a £787k ($1million)to solve the problem of regulatory complexity in organisations. The round...

What Venture Capitalists look for in a Pitch

  As a promising startup, you may be asking yourself "What exactly do Venture Capitalists have interest in pitches?" Well, the answer is quite simple...

IFC Becomes Anchor Investor in Partech Africa Fund

IFC, a member of the World Bank Group, has helped Partech Ventures launch a €100 million fund focused to largest venture-capital fund focused on...

Fabwoman raises funding to bolster its news & product discovery platform for Nigeria’s millennial...

FabWoman has raised an undisclosed amount in pre-seed funding from Iconway Ventures to solve the problem of product and brand discovery for women. According to FabWoman...

Cape Town-based SkillUp Tutors raises undisclosed Series A round from Knife Capital to scale...

Cape Town-based SkillUp Tutors, an online tutor marketplace has received a Series A funding round from Cape Town-based Knife Capital to accelerate acquisition of learners and...

MENA events platform Eventtus raises $2m led by Algebra Ventures and 500 Startups

Eventtus, a MENA events platform recently raised $2m led by Algebra Ventures and 500 Startups to allow Eventtus to accelerate its expansion in the...

Digital Cabinet raises R5m equity round from HAVAIC & Growth Grid for expansion

South Africa's Digital Cabinet has received R5m led by HAVAÍC and a consortium of individuals including its own team, and Growth Grid Venture Capital...

Africell raises $116.5m to fund its 4G roll-out & expand across sub-Saharan Africa

Africell Holdings has signed a new $116.5m syndicated loan for the expansion of its mobile network operations across sub-Saharan Africa. According to founding CEO and...

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...

Engineers Without Borders Canada invests in startup SME lending marketplace Bloom Impact

Ghana's Bloom Impact, a machine learning loans marketplace accessible from smartphones has raised undisclosed funding from Engineers Without Borders Canada, EWB Ventures, an early-stage investor in innovative Africa-based...

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...

Nigeria’s digital blood bank, Lifebank raised $200k from EchoVC, CcHub, others

Some days back, LifeBank, which is like the foremost Nigeria’s digital blood bank, raised $200 000 for expansion nationwide. The startup which according to their...

Naspers Pumps $775m into Delivery Hero to Increase its Stake to 23.6 Percent

Naspers is obtaining 22,359,857 shares of Delivery Hero stock from Rocket Internet for €660m (US$775m) at a price of €29.50 per share in a...

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...

With $35,000 in seed funding, this new talent platform will connect Africans to jobs...

TalentsinAfrica.com has launched to connect Africans to new opportunities taking on Ringier One Africa Media's Jobberman and the rest with a $35,000 seed capital from...

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...

Farmers sponsor platform Farmcrowdy raises $1 million in seed funding to expand to 20...

Nigeria's Farmcrowdy, an online platform allowing Nigerians to venture in and sponsor agriculture has closed $1 million in seed funding to scale its operations with...