Efreshli an Egyptian furniture e-commerce platform raises $550k seed round
Egypt-based home furniture e-commerce startup Efreshli has raised a seed round worth US$550,000 to help it build on strong early…
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Google awards $25M grants to organizations creating economic opportunities for women and girls
In March 2020, Google.org announced a $25 million Google.org Impact Challenge for Women and Girls to support organizations focused on gender equity…
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Chipper Cash has raised $150 million at a valuation of over $2 billion
African cross-border payments provider Chipper Cash has secured $150 million in an expanded Series C round, which included participation from…
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Could Ethiopia Ban Facebook After It Deleted PM Abiy Ahmed’s Post?
Facebook, the social media platform owned by Meta, removed a post on the page of Ethiopian Prime Minister Abiy Ahmed for…
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Nigerian bicycle-based delivery service Errand360 raises pre-seed funding
Bicycle community delivery platform Errand360, which was built to serve users with demand for quick and short errands within their…
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Bypa-ss,Egyptian e-health startup raises $1m pre-seed round
Egyptian e-health startup Bypa-ss has raised a US$1 million pre-seed funding round to further improve its platform and accelerate its…
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Kenyan BasiGo, an E-mobility startup launches with $900k funding
Kenyan startup BasiGo, an electric vehicle technology and financing company working to bring electric bus services to Sub-Saharan Africa, has…
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Revital Healthcare,Kenyan auto-disable syringe manufacturer receives $4m grant funding
Revital Healthcare (EPZ) Limited, a Kenyan medical supply manufacturer, has received nearly $4 million from the Bill & Melinda Gates Foundation to…
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FinMeUp,a South African Financial Education Startup raise seed funding
South African startup FinMeUp has raised an undisclosed amount of seed funding to help it add a host of new…
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Egyptian tech startup funding since 2015 has been raised in 2021
Egyptian tech startups have raised almost US$800 million between them since January 2015, with more than 50 per cent of…
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Algerian Startup Financing Fund has launched a $7.2 million fund to invest in the country
At the National Conference of Startups “Algeria Disrupt 2020,” the Algerian Startup Financing Fund was officially launched. The fund, which…
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Payhippo a Credit startup,closes $3m seed raise, to improve access to finance for small businesses in Nigeria
Credit startup, Payhippo has announced a $3 million seed funding raise. This brings the fintech startup’s total raise to $4 million in…
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Egyptian eCommerce fulfillment startup, ShipBlu has raised $2.4 million in seed funding
ShipBlu, an Egypt-based e-commerce startup backed by Y Combinator, has raised a $2.4 million seed round headed by Nama Ventures,…
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Female Digital healthcare startups in the MENA region to benefit from Femtech Accelerator by Organon and Flat6Labs
The Femtech Accelerator Program, launched by Organon and Flat6Labs, aims to help female-founded digital health start-ups in the Middle East…
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Opibus, a Kenya-based electric mobility startup raises $7.5m funding
Kenya-based electric mobility startup Opibus has raised US$7.5 million in equity and grant funding to help it scale its operations…
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Kenya’s Twiga raises $50M to scale food solutions across Africa
Years ago, Americans spent most of their disposable income on food but consistent investment in retail infrastructure has changed that….
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Rwandan electric motorcycle startup Ampersand secures $9m debt facility
Rwanda-based electric motorcycle company Ampersand has secured a US$9 million loan facility from the US International Development Finance Corporation (DFC)…
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Africa Blockchain Centre receives investment from Asia
The Africa Blockchain Centre (The ABC), a Kenyan startup focused on building technology capacity and offering blockchain solutions to key…
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Four Ghanaian digital commerce ventures receive funding from Catalyst Fund
The Catalyst Fund Inclusive Digital Commerce Accelerator welcomed four Ghanaian digital commerce companies, OZÉ, Shopa, Swoove, and Tendo, as the second cohort to receive funding…
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SA e-health startup RecoMed raises $1.5m funding for Kenyan expansion
South African online healthcare marketplace and booking platform RecoMed has raised a US$1.5 million funding round as it prepares to…
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Climate-focused innovations invited to apply for Africa ClimAccelerator
African entrepreneurs with promising climate-focused solutions have been invited to apply for Africa ClimAccelerator, which will provide selected companies with…
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Nigeria’s Autochek raises $13.1m seed funding round for West Africa expansion
Nigerian auto-tech startup Autochek has raised a US$13.1 million seed funding round to bolster its core auto loan processing platform…
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YC-backed Nigerian agri-tech startup Vendease closes $3.2m seed round
Y Combinator-backed Nigerian agri-tech startup Vendease has raised US$3.2 million in seed funding to expand operations and build out its…
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Only 3% of African tech startup funding since 2013 has gone to all-female founding teams
Only three per cent of African tech startup funding since 2013 has gone to companies with all-female founding teams. That…
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Nigerian Fintech, Brass, Secures $1.7mn Financing Round “to bet on African SMEs”
Brass, a Nigerian digital bank delivering easy access to affordable premium banking services for small and medium-sized businesses (SMEs), has…
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Africa neobank PaySika to launch in West Africa after closing $350,000 funding
Francophone region-focused neobank PaySika has completed a fundraising round. The funding will allow the fintech to deploy online payment services to Cameroon,…
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Egyptian logistics startup ILLA raises $2m seed round to help it grow
Egyptian logistics startup ILLA has secured a US$2 million seed funding round to boost its growth in the market and…
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Asante, an Africa-focused fintech company, has raised $7.5 million in Series A funding
Asante Financial ServicesAsante Financial Services, an African fintech, has raised a $7.5 million Series A round of funding to expand…
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Egypt’s Nawah Scientific adds high-level investor ahead of Series A round
Egypt-based life science startup Nawah Scientific has sold a strategic stake to Essam Abdelhadi, the former vice president Middle East,…
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Tala, a Kenyan fintech company, has raised $145 million in a Series E round of funding
Tala, a fintech company, announced that it has raised USD 145 million in a Series E funding round led by…
