Silvertree Holdings acquires UCOOK, a South African meal kit delivery service for US$12.3 million
Silvertree Holdings has completed the full acquisition of South African meal kit delivery company UCOOK for US$12.3 million. Silvertree Holdings…
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TradeDepot acquires Accra-based Green Lion to accelerate expansion across Ghana.
TradeDepot, a Nigerian B2B e-commerce and embedded finance startup, has announced the acquisition of Green Lion, Ghana’s largest and fastest…
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Nigerian-based Fintech Startup, Opay is Making Waves in Egypt
According to a press report published by Forbes Middle East, OPay has received widespread support in Egypt. The Nigeria-based fintech…
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Weaver Fintech acquires South African fintech startup PayJustNow
PayJustNow, a Cape Town-based fintech startup, has sold a controlling stake in its business to Weaver Fintech as it seeks…
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First Bank Receives $100 Million Credit Facility From CDC to Support Women and Small Business Owners
According to Bloomberg, the CDC Group, the United Kingdom’s development-finance arm, will provide a $100 million credit facility to First…
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JPMorgan emerges as the first financial institution to enter the metaverse
JPMorgan, the world’s largest bank, has become the first financial institution to enter the metaverse. Customers will be able to…
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Zomato Will Invest $400M in Quick Commerce
Zomato has reiterated its focus on the quick-commerce segment and announced an additional $400 million investment in the space over…
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Flutterwave launches new product offerings and features after Series D funding
Flutterwave, a Nigerian fintech unicorn, has unveiled new product offerings and features for individuals, business owners, and developers just two…
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BimaLab, Insurtech-focused accelerator programme launches in Nigeria
FSD Africa and Nigeria’s National Insurance Commission (NAICOM) have collaborated to launch BimaLab, an accelerator program designed to accelerate the…
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Nigeria’s CcHub Unveils Createch Accelerator Programme
The Createch Accelerator focuses on businesses that employ innovation or technology to improve value chains in Africa’s creative industries…
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LoftyInc Capital Management, Nigerian VC firm made up to 65 African investments in 2021
LoftyInc Capital Management is a venture capital business with the goal of “creating an ecosystem of Africans investing in…
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Paratus is ready to start operations with the Namibia landing station
Paratus announced in February that it had reached an agreement with Google to be the landing partner for the Equiano…
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SA student accommodation marketplace DigsConnect now has over 1m listed beds
DigsConnect, a South African student accommodation marketplace, now has over one million listed beds. The DigsConnect platform, launched in 2018…
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Nigeria’s first digital bank WEMA ALAT keeps boosting the fintech sector
Finance options and transactions are undergoing a massive transformation all over the world. Payments, lending, asset, and wealth management are…
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Mdundo is looking for more telco partnerships after seeing an increase in music streaming revenue from Tanzania and Nigeria deals
Mdundo, an Africa-focused music streaming service, is counting on more collaborations with telcos across the continent to increase its earnings…
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Following Zambia, Kenya is investigating the possibility of a digital currency
Kenya’s central bank has asked the public to share their thoughts on the possibility of adopting a digital currency by…
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Lamin Darboe of Bantaba is set to assist African startups tap into diaspora wealth
A few months into the coronavirus pandemic, in April 2020, a team of four African-origin students in Sweden—including The Gambia-born…
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SendChamp, a Nigerian’s startup is helping businesses reach customers via different means
SendChamp, a Nigerian startup, provides communication APIs and customer relationship management tools to developers and businesses, allowing them to reach…
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Docklands Ventures acquires South African startup, ParkUpp
Docklands Ventures has acquired South African startup ParkUpp, a marketplace that connects owners of parking spaces with companies and individuals…
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Nigerian investing platform, Bamboo raises $15 million in Series A funding
Greycroft and Tiger Global, two American venture capital firms, led a $15 million Series A funding round for Nigerian investment…
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Lami, tech insurance company acquires Kenya’s Bluewave, to expand in Africa
Lami, an insurance technology company, has announced the acquisition of Bluewave Insurance Agency, a Nairobi-based insurtech firm, for an undisclosed…
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Report: Ford is Planning to Invest up to $20 Billion in Electric-Vehicle Project
According to Bloomberg News, Ford Motor is planning an additional $20 billion investment in the development of electric vehicles. According…
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The African startup ecosystem is growing at an unprecedented rate
There has never been a more exciting time to be in the African startup scene. According to a recent BCG…
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BlackBerry Ready to Sell Mobile and Messaging Patents for $600 Million
BlackBerry announced on Monday that it will sell its legacy patents, primarily related to mobile devices, messaging, and wireless networking,…
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How African Tech Start-ups Can Leverage Predictive Analytics For Efficient Service Delivery
Many organizations are seeking ways to offer their products and services to customers in an efficient way in order to…
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Weaveworks acquires Egyptian-American cloud security startup Magalix
Magalix, an Egyptian-American cloud security startup, has been acquired by Weaveworks Limited, a GitOps firm with offices in London and…
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Here’s how smart contracts can eradicate fraud and fix Africa’s poor service culture
If you’re new to the world of blockchain and crypto asset management, the term “smart contracts” may sound a little…
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Nigeria’s digital currency, eNaira registers around 10% P2P transactions in 3 months
Nigeria became the first African country to adopt a digital currency, the eNaira, in October 2021. Three months later, only…
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Out of Africa Collection is Ready to Revolutionize Fine Art
Many people around the world have had a difficult time as a result of the global pandemic. It’s been a…
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How to leverage Google Workspace for your business
The development of Covid-19 and the desire to be safe has forced many businesses to operate in silos, which has…
