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 »