Chaka, a SEC-Licensed Digital Sub-broker and digital investment platform, has raised $1.5M in a pre-seed funding round to enable borderless investments across Africa and deliver digital investments solutions for African businesses. According to Tosin Osibodu, Co-founder & CEO, Chaka Technologies said "This is indeed a significant milestone for us at Chaka. We ...
Esusu, the fintech startup building users credit via rent reporting and data solutions, has raised $10 million in Series A funding to fuel its growth despite the pandemic. The funding round was led by Motley Fool Ventures, joined by businesswoman, and philanthropist Serena Williams, through Serena Ventures, along with The ...
BimaLab, an initiative of FSD Africa, the Insurance Regulatory Authority, and Tellistic Technology Services has opened applications for its second cohort into its KES 5.3 million ( around $50,000) InsurTech accelerator programme. The BimaLab 2 accelerator program is open to 12 innovators who will benefit from a ten-week programme that ...
M-KOPA, the solar system financing firm turned-asset financing platform has officially launched in Nigeria with plans to lend millions of smartphones, solar lighting, energy-efficient televisions, fridges and digital financial services via its financing platform. The launch was announced after the firm surpassed 20,000 devices in Lagos and Oyo in pilot ...
Algebra Ventures, Egypt’s leading venture capital fund, has appointed Laila Hassan and Omar Khashaba to its second, $90M fund as General Partners. Laila The two collectively bring to Algebra multi-stage investment experience, a strong regional network and portfolio support expertise to support the exceptional founders who ...
Norwegian based Accelerator Pangea has unveiled a scale-up program that will offer private funding for local startups. The program aims to enable more African entrepreneurs to gain access to the capital they need to move to scale their businesses offering funding up to Ksh 300 million and business support to ...
Uganda's fintech startup Ensibuuko has raised $1m from global impact investor FCA Investments to provide digital financial services to over 200,000 rural customers in Uganda. With the new raise, Ensibuuko expects to build out its operations in Uganda and as well expand its proprietary microfinance platform to reach more credit ...
he guidelines usually include maternal, neonatal and child health information that are especially useful when you're a first time mother. Mondia has tailored content in the DRC local language that will help Congolese mothers navigate motherhood.
EDF, a global leader in low-carbon energies has taken a 23 percent stake in Bboxx Kenya to provide access to clean, reliable and affordable and CO2-free energy to over two million Kenyans with solar home systems by 2025. EDF is taking a 23% stake in Bboxx Kenya and will bring ...
The Tony Elumelu Foundation (TEF), committed to empowering young African entrepreneurs, and the European Union have partnered to identify, train, mentor and fund 2,500 young African women entrepreneurs in 2021. The partnership will disburse €20 million in financial and technical support for women-owned businesses, across all 54 African countries, in ...
ImaliPay, a Nigerian big data and AI-driven digital platform offering tailored financial products is set to launch in Kenya to give gig economy platforms and freelancers the ability to save, borrow, and track their earnings. ImaliPay is working with Lynk to launch in Kenya and other partners in South Africa ...
Nigerian mobility startup, Metro African Xpress (MAX) has successfully raised 1 million one -year fixed-rate series 1 Bond. The company is the first African mobility company to issue a bond under the Private Company Bond program dubbed the PCB program. The Bond is also the first part of its newly ...
South African business accelerator Grindstone has selected 20 startups for the 2020 programme just days after launching an early-stage venture capital fund, Grindstone Ventures for its alumni. Today, Grindstone announced the next 20 companies for the two new cohorts that are taking place in Johannesburg and Cape Town. According to ...
UNICEF's Innovation Fund has opened applications from early-stage and potentially high impact blockchain startups. UNICEF is looking to make equity-free investments of up to US$100,000 in these startups. UNICEF is interested in startups in spaces such as: Finance: Solutions in this space enable people to use, earn and hold cryptocurrencies, ...
South Korean car parts company, Hyundai Mobis (Mobile and System) is entering the venture capital space. Hyundai Mobis recently announced that it would be investing US$ 20 Million into 'MOTUS Ventures' and 'ACVC Partners', both of which are technology funds based in 'tech capital', Silicon Valley. The company is looking ...
Plentywaka has launched Logistics By Plentywaka (LBP), an expansion to the company’s bus transportation network in the city. Plentywaka says the new B2C Platform - ‘Logistics by Plentywaka’ will provide its customers with same-day service and range of logistical vehicles from cooling vans, trucks and bikes, that can be easily ...
Sparkle, a Nigerian digital platform for financial, lifestyle and business support services has officially launched to the public after being granted a banking license from the Central Bank of Nigeria (CBN). Sparkle, which offers flexible payments, savings and analytics to users to provide greater freedom, flexibility and control over finances ...
Sanofi has announced it will on June 11th organize an online pitch session as part of its AfricaTech Challenge in a move to encourage innovation in Africa. Sanofi said the online pitch session follows the cancellation of the 2020 edition of VivaTech that was to be held in Paris. For this ...
The Afrijob Network (Afrijob) is a recruitment and human capital marketplace which provides relevant content and training to build top tier global teams for fast-growing African companies. Afrijob's seamless end-to-end solution enables its partner companies to focus on their core business - saving them on both time and cost. Over ...
XENO, a Ugandan goal-based investment management firm has raised $430,000 to help clients plan, save, and invest for their financial goals. XENO announced it recently raised $150,000 from Nordic Impact Funds in a pre-seed round and did not disclose the earlier investors in the round bringing the total fundraising to $430,000. Launched ...
Catalyst, an AfriLabs and ABAN platform has launched to increase funding for startups in Africa as well as support the startup ecosystem including hubs and angel network. ‘‘We have all recognized the need to increase early stage funding for our African founders. Catalyst not only does that, but it helps ...
Glovo, a global delivery firm has launched operations in Kitengela and Nakuru towns as part of its expansion strategy to provide delivery services in various parts of the country. Glovo, which competes Sendy, Uber Eats and Bolt Food, claims to have the widest coverage in Nairobi and is now expanding ...
Sendy, Kenya's logistics platform has opened up its platform to include freight services from the inland container depot and long-haul logistics services. The entry into freight services signals Sendy's growth from an on-demand Consumer-to-Consumer and Business-to-Consumer platform to a big-league platform for B2B transporters domestically, across East Africa, and throughout ...
BBOXX, a pay-as-you-go (PAYG) solar energy firm, has raised $50 million Series D funding round led by Mitsubishi Corporation to expand across Africa and Asia. ENGIE Rassembleurs d’Energies, Bamboo Capital Partners; DOEN Participaties and MacKinnon, Bennett & Company (MKB) participated in the round. According to Mansoor Hamayun, CEO and Co-founder, ...
ZOLA Electric, formerly Off Grid Electric, has partnered with OVH Energy, a Nigerian provider of trusted petroleum products and services to make access to renewable energy products easier across Nigeria. The deal gives Zola Electric access to OVH Energy's up to 350 fuel service stations in Nigeria to help it ...
Palladium, a global consultancy, is raising $40m for off-grid solar and agribusiness startups operating in Kenya, Ghana and Nigeria. Dubbed the “Palladium Impact Fund I”, the fund is expected to provide much-needed capital for agribusiness value chains and off-grid clean energy ventures in Nigeria, Ghana and Kenya to alleviate poverty ...
Mr Green Africa, a Nairobi based recycler and recycled plastics supplier has received funding from DOB Equity, a Dutch family-backed impact investor in East Africa, and Global Innovation Fund, in partnership with Unilever. According to Keiran Smith, Co-Founder and CEO of Mr Green Africa: “We believe we are in the ...
Africa Women Innovation and Entrepreneurship Forum (AWIEF), has selected 22 women entrepreneurs as finalists in its annual awards in a move to promote excellence in entrepreneurship and innovation amongst women-owned businesses across Africa. The Awards take place on the last evening of the two-day event, October 29-30, 2019, in Cape ...
uKheshe, a South African micro transaction platform that allows card holders to pay and get paid, has announced the completion of its first seed investment round from Fitech Ventures and the Ocean on 76 Group. Ukeshe was under incubation as a CSI initiative within software development house Jini.Guru. In a statement, Clayton Hayward, co-founder of ...
In Nigeria and Africa at large, there is a huge disconnect between learners' academic qualifications and the skills needed to accomplish tasks in the workplace. Significant reforms are therefore required to revamp the education system to match skills needed in the workforce especially in Nigeria where over 43% of its ...
