The Ghana-based Jetstream Africa, an e-logistics platform for Africa’s exporters and importers, has raised US$13 million in a combination of debt and equity financing to help it expand. Jetstream Africa is an e-logistics company founded in Tema, Ghana and operating across 14 African countries. Its core product, pre-financed logistics, enables businesses to rapidly book and [...] Read more ›
2
Africa Tech Summit, a leading tech conference focused on connecting businesses and driving investments within Africa’s tech ecosystem, will host its fifth edition on February 15-16 at the Sarit Expo Centre in Nairobi. Africa Tech Summit Nairobi provides insight and networking with the African tech ecosystem. bringing together tech leaders, MNOs, banks, international investors, entrepreneurs, governments, trade [...] Read more ›
2
South Africa, Nigeria, Kenya, and Egypt have established themselves over the last few years, by various criteria, as the “big four” African tech startup ecosystems. Slowly but surely, especially when it comes to funding, other countries are catching up, but the vast majority of activity and investment on the continent from a startup perspective come [...] Read more ›
12
Egypt’s Mahaseel Masr, a regional B2B fresh produce digital platform, has secured funding from the Emirates International Investment Company (EIIC) to accelerate the deployment of its agri-focused e-commerce platform. Mahaseel Masr is a smart digital platform that provides a wide range of digital tools to facilitate transactions online reliably and securely, while ensuring farms’ traceability [...] Read more ›
0
Kenyan energy company Solarise Africa has secured an additional US$3 million from EDFI ElectriFI to provide tailored financing solutions for decentralised energy solutions to selected commercial and industrial (C&I) customers across the continent. Founded by Patrik Huber, Jan Albert Valk and Sakkie van Wijk, Solarise Africa is an energy leasing company for solar and other [...] Read more ›
0
Kazana Fund has announced the launch of its angel syndicate, which it describes as a major move on its mission to democratise access to capital and networks for exceptional African founders and accelerate the growth of Africa’s digital economy. Kazana Fund is an early-stage investor that aims to partner with “brilliant African founders”, and its [...] Read more ›
9
Nigerian startup Raenest is helping remote workers and freelancers automate invoicing and get paid faster by clients globally while saving on fees via its Raenest Global accounts and cards. With Raenest, businesses can also use the platform to onboard African talents, pay them in their preferred currencies, and manage their team expenses. Victor Alade has [...] Read more ›
20
Egyptian e-health company CheckMe has acquired counterpart DoctorOnline in a deal that brings the former’s market value to US$20 million. Powered by the T3G investment group and founded in 2020, CheckMe is a customer-centric marketplace mobile application that provides on-demand medical lab services through multiple lab partners. DoctorOnline, meanwhile, was founded the same year by [...] Read more ›
9
Kenyan fintech startup Lipana is a cloud-based accounting and bookkeeping application for small and medium enterprises (SMEs). Founded by Shadrack Apollo, Hassan Kombo and Wyclif Okwiri in January 2021, but only launched a year later, Lipana enables businesses to send and receive payments through digital invoices that are payable via M-Pesa, the dominant mobile money [...] Read more ›
0
Kenyan startups are second only to their Nigerian counterparts when it comes to funding raised in the last eight years, yet the country lags behind other “tier one” ecosystems when it comes to acquisitions or exits. That is according to the Kenyan Startup Ecosystem Report 2022, released by startup-focused news and research company Disrupt Africa [...] Read more ›
6
Senegal-based startup Kwely has launched the minimum viable product (MVP) version of its B2B online store for “Made in Africa” products, targeting small and large businesses globally. Founded by Birame Sock, a tech entrepreneur who successfully exited two startups in the US, Kwely was launched under the premise that “Made In Africa” products have a [...] Read more ›
14
Zimbabwean fintech startup Panamax is helping SMEs obtain access to working capital by crowdfunding it utilising a transparent, tradeable blockchain token. Formed in October 2021, Panamax provides end-to-end business support for SMEs by bringing together the technology, expertise, support and capital they need to thrive. It identifies SMEs in need of working capital, evaluates their [...] Read more ›
15
Nigeria’s Daystar Power, a West Africa-focused provider of hybrid solar power solutions to commercial and industrial (C&I) businesses, has announced the completion of its acquisition by Shell following the approval of regulatory authorities. Founded in 2017, Daystar Power is one of the leading off-grid power service providers on the continent, with its solutions “Solar-as-a-Service” and [...] Read more ›
1
Egyptian startup Muqbis, an online marketplace for handicrafts, has raised an undisclosed amount in a pre-seed funding round from ​Nama Ventures​. Launched in 2021 by Iman El Wasifi, Mohamed Nasser and Kareem Hussein, Muqbis is an e-commerce platform for the Egyptian handicrafts market. A multi-vendor store model tailored to serve handcrafters, the platform helps its [...] Read more ›
0
Startups are building out the infrastructure necessary to support a thriving e-commerce ecosystem in Africa, with adoption expected to surge in line with the continent’s high population growth, according to Tesh Mbaabu, co-founder and CEO of Kenyan retail-tech venture MarketForce. Founded in 2018, MarketForce facilitates trade between informal retailers and consumer brands via its digital [...] Read more ›
22
Africa is Game: African Gamers are aiming for global inclusion and everyone’s paying attention. The growth trajectory of an average African child is usually linear. Take Zuga, an ambitious young man who grew up in the interiors of East Africa with an adventurous mind and a love for gaming. His closest encounter with mobile games [...] Read more ›
24
Suplyd, an Egypt-based startup that digitises supply chain operations for the MENA region’s hotels, restaurants, and catering (HORECA) industries, has raised a US$1.6 million pre-seed funding round to help it scale faster. Founded by Gohar Said, Karim Selima, and Ahmed ElMahdy, Suplyd is a solution that was created to address the daily struggles faced by [...] Read more ›
3
Leading global wireless technology firm Qualcomm has launched its African Innovation Platform, a suite of mentorship, education, and training programmes created to support the development of Africa’s emerging technology ecosystem. The platform will provide resources and support for local universities, small-to-medium sized startups, and grant participants, exposing them to Qualcomm’s engineers and its state-of-the-art capabilities [...] Read more ›
15
Lagos-based, pan-African VC firm Ventures Platform has announced the final close of its early-stage and intercontinental fund, at US$46 million. Ventures Platform Fund is a discovery fund that invests early in mission-driven founders building capital-efficient platforms that democratise prosperity, plug infrastructural gaps, connect underrepresented communities, and improve livelihoods in Africa. The firm provides smart capital [...] Read more ›
10
Egyptian grocery deliveries startup Appetito has merged with Saudi-based counterpart Jumlaty to create NOMU, which aims to become MENA’s leading food-tech supply chain platform. Founded in March 2020 by Shehab Mokhtar, Appetito is a grocery delivery platform that sources products from manufacturers, stores them in its warehouses, and ships them to customers via mini fulfillment [...] Read more ›
1
Most popular sources
Business Insider
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35% 8 |
Tech Wire Asia
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19% 6 |
CNET
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8% 1 |
Tom's Hardware
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5% 1 |
Android Authority
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5% 1 |
| View sources » | |
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28.11.2024 21:35
Last update: 21:30 EDT.
News rating updated: 04:30.
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