May 12, 2022
Kenya: TopUp Mama Looking to Solve Sourcing Challenges for Restaurants
Stock-outs, unpredictable prices of farm produce and a lack of working capital are among the challenges that plague small restaurants and food vendors in emerging markets. These… Read more »
Africa: Interswitch Receives U.S.$110 Million Investment From Leapfrog and Tana Africa Capital
African payments company Interswitch has secured a $110 million joint investment from LeapFrog Investments and Tana Africa Capital to scale its digital payment services across the… Read more »
May 11, 2022
Africa: MARA Raises U.S.$23 Million to Build Africa's Portal to the Crypto Economy
The use of cryptocurrency in sub-Saharan Africa, particularly among its young people, cannot be overstated. Data from blockchain intelligence firm Chainalysis says the region's… Read more »
Egypt: Mylerz Raises U.S.$9.6 Million for Its E-Commerce Fulfillment Service, Eyes Africa-Wide Growth
Mylerz, a Cairo-based e-commerce fulfillment startup, plans to enter three new markets in North Africa and expand across Egypt over the next three months against the backdrop of… Read more »
Africa: Identitypass, an Identity Verification API for Africa, Raises U.S.$2.8 Million Seed Funding
Mobile penetration in Africa is growing impressively at about 46% as more people come online for the very first time. In turn, this has increased the market opportunity for… Read more »
May 10, 2022
Kenya: Meta Sued Over Claims of Exploitation and Union Busting
A suit was earlier today filed against American social-media giant Meta and Sama, its main subcontractor for content moderation in Africa, over claims of exploitation and union… Read more »
May 09, 2022
Kenya: Uber Seeks to Resolve Dispute With Kenyan Drivers Out of Court
Uber has opted for arbitration to solve a dispute it has with drivers in Kenya over the reduction of commuter fares. Read more »
North Africa: Manara Gets U.S.$3 Million to Grow Tech Talent Pool in Middle East and North Africa
Edtech startup, Manara, has raised $3 million in pre-seed funding for its cohort-based training --platform geared towards growing the tech-talent pool in the Middle East and North… Read more »
Egypt: Fintech Paymob Raises U.S.$50 Million Led By Paypal Ventures and Kora Capital
Egyptian fintech Paymob, which enables merchants to accept digital payments online and in-store, announced today it has raised $50 million in Series B funding. Read more »
May 05, 2022
Africa: Rali_cap Gets Backing From Global VCs, Launches U.S.$30 Million Fintech Fund for Emerging Markets
Rali_cap, an early-stage venture capital firm focused on emerging markets fintech, has launched a $30 million fund. Last month, the firm, formerly known as Rally Cap Ventures,… Read more »
Uganda: 'Desist From Facilitating Trade in Crypto Assets' Uganda Warns Banks, Fintechs
Uganda's financial regulator has warned payment service providers from enabling cryptocurrency transactions in the East African country. Read more »
May 04, 2022
Africa: Norebase Raises U.S.$1 Million to Allow Companies Start, Scale, and Operate in Any African Country
Startup pitches with promises to provide various services to Africans -- across different sectors -- are commonplace now. And in trying to sweet-talk investors, what's not taken… Read more »
May 03, 2022
Africa: Pangea to Unlock Diaspora Remittances As Funding Source for African Startups
Norway's Pangea Trust, through its equity crowdfunding platform Connect, is unlocking diaspora remittance inflows as funding source for early and growth-stage startups in Africa. Read more »