The Global Innovation Initiative Group plans to invest $100 million in Africa to help the continent’s tech sector grow
The Global Innovation Initiative Group has announced the creation of a fund to support African innovation. Over the next three…
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$100M innovation fund to fuel tech investments across Africa
The Global Innovation Initiative Group (GIIG) stands out as an investment vehicle supporting early-stage tech startups by establishing a new fund aimed…
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African genomics startup 54gene raises $25M to expand precision medicine capabilities
Written by Tage Kene-Okafor Less than 3% of genetic material used in global pharmaceutical research is from Africa. The staggering gap…
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Nigerian agri-tech startup Releaf secures $4.2m in seed funding, grants
Written by TOM JACKSON Nigerian startup Releaf, which develops proprietary hardware and software solutions to drive the industrialisation of food processing…
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Swedish caller-identification service Truecaller seeks to raise over $100 million in IPO
Written by Manish Singh Truecaller, which operates an eponymous caller-identification service, said on Wednesday it is looking to raise $116 million…
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Egyptian fintech startup Kashat raises $1.75m bridge funding round
Written by TOM JACKSON Egyptian fintech startup Kashat has raised a US$1.75 million bridge funding round to further develop its…
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Nigerian-led legal tech startup Definely raises £2.2m seed fund led by Microsoft
Written by Ejike Kanife Nigerian-led legal technology startup, Definely has announced a £2.2 million funding round. The funding round was led by…
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ColdHubs (Nigeria) and Hello Tractor (Kenya) are the winners of Heifer International’s US$1.5 million AYuTe Africa Challenge
The winners of the inaugural US$1.5 million Heifer International AYuTe Africa Challenge were announced today: Nnaemeka Ikegwuonu, founder and CEO…
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Egyptian startup Capiter raises $33M to expand B2B e-commerce platform across MENA
Written by Tage Kene-Okafor Funding startups that help manufacturers and sellers distribute products and merchants access them on a single…
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APPLY: €60,000 up for grabs at Tony Elumelu Foundation programme for women entrepreneurs
Writteb by Joan Aimuengheuwa Implemented by the Tony Elumelu Foundation, the Women Entrepreneurship for Africa (WE4A) programme is set to…
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Nigerian one-click checkout platform OurPass raises $1M pre-seed, wants to build ‘Fast for Africa’Wr
Written by Tage Kene-Okafor We like to buy things online ranging from e-commerce stores to subscription-based sites. However, no one enjoys…
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Nigeria’s Prospa gets $3.8M pre-seed to offer small businesses banking and software services
Written by Tage Kene-Okafor In Nigeria, there are more than 40 million micro-businesses underserved in some form or another regarding…
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Kenyan energy company Solarise Africa secures $5.9m debt financing for growth
Written by TOM JACKSON Kenya-based energy leasing company Solarise Africa has secured EUR5 million (US$5.9 million) in debt financing from…
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Moroccan fintech startup Lacaisse raises funding round to help it scale
Written by TOM JACKSON Morocco-based startup Lacaisse, which offers a digital solution for the management of physical points of sale…
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Glovo to double down African investment in the next 12 months — but will it stay put?
Written by Tage Kene-Okafor Spanish on-demand delivery platform Glovo today announced plans to double its investment in Africa and expand…
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Ugandan e-logistics startup Ridelink raises $150k pre-seed funding round
Ugandan e-logistics startup Ridelink raises $150k pre-seed funding round Written by TOM JACKSON Ugandan e-logistics startup Ridelink has raised US$150,000…
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What 377 Y Combinator pitches will teach you about startups
What 377 Y Combinator pitches will teach you about startups Written by Natasha Mascarenhas Along with a cadre of other…
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Founders Factory and G-Force launch Seed program for climate-focused startups
Founders Factory and G-Force launch Seed program for climate-focused startups Written by Mike Butcher UK tech accelerator Founders Factory is joining forces…
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Data Snapshot: Insect ranches, vertical ag among 2020’s top-funded ‘Novel Farming’ startups
Data Snapshot: Insect ranches, vertical ag among 2020’s top-funded ‘Novel Farming’ startups Written by Lauren Manning & Jack Ellis AFN‘s…
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African energy startups to benefit from SIMA’s $68,000,000 Energy Access Relief Fund
African energy startups to benefit from SIMA’s $68,000,000 Energy Access Relief Fund Written By Joan Aimuengheuwa With a focus on ensuring…
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Nigerian tech-enabled spices exporter Agricorp raises $17.5m Series A funding round
Nigerian tech-enabled spices exporter Agricorp raises $17.5m Series A funding round Written by TOM JACKSON Nigerian startup Agricorp, which is…
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Nigerian VC firm LoftyInc announces first close of $10m fund
Nigerian VC firm LoftyInc announces first close of $10m fund Written by TOM JACKSON Nigerian VC firm LoftyInc Capital Management…
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Nigeria’s Bumpa raises $200k pre-seed to build e-commerce solution
Nigeria’s Bumpa raises $200k pre-seed to build e-commerce solutions for retail businesses Written by TOM JACKSON Nigerian startup Bumpa, which…
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Number of African participants in latest Y Combinator accelerator climbs to 15
Number of African participants in latest Y Combinator accelerator climbs to 15 Written by TOM JACKSON The number of confirmed…
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PawaPay, an African payments company, has raised $9 million in seed funding
PawaPay, an African payments company, has raised $9 million in seed funding PawaPay, an African payments business, has raised $9…
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LoftyInc Capital,has launched its third fund, valued at $10 million
LoftyInc Capital, a Pan-African Venture Capital firm, has launched its third fund, valued at $10 million, for African tech startups…
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Rwandan e-health startup Viebeg raises pre-seed funding to further scale
Rwandan e-health startup Viebeg raises pre-seed funding to further scale Written by TOM JACKSON Rwandan startup Viebeg, which provides high-quality…
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APPLY: $24,000 for grab at Seedstars Digital Democracy Hackathon
APPLY: $24,000 for grab at Seedstars Digital Democracy Hackathon The hackathon is for socially committed innovators, writes Joan Aimuengheuwa Leveraging…
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Zoom announces first startups receiving funding from $100M investment fund
Zoom announces first startups receiving funding from $100M investment fund Written by Ron Miller For more than a year now, Zoom has…
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Nigerian B2B marketplace Sabi raises round of seed funding as it hits 150k merchant mark
Nigerian B2B marketplace Sabi raises round of seed funding as it hits 150k merchant mark Written by TOM JACKSON Nigerian…
