Wednesday, April 14, 2021

Featured stories

YC-backed Termii raises $1.4m seed round to expand to North Africa

Nigerian-founded Communication Platform as a Service (CPaaS) startup, Termii has raised $1.4m seed round from African early-stage VC firm, Future Africa and  Africa-focused Japanese...

STARTUP GIST

Rwandan startup Ampersand raises $3.5M, largest-ever e-mobility investment in sub-Saharan Africa

Last week, Ampersand, Africa’s first electric motorcycle company, secured a $3.5 million investment from the Ecosystem Integrity Fund (EIF). This is the...

Tanda Secures Funding for East African Expansion

Kenyan-based startup Tanda is expanding its operations after securing funding from early-stage African tech investor HAVAÍC, Zedcrest Capital, DFS Lab, Victor Asemota...

Sawari Ventures and Algebra Ventures stake $150m on North African startups

One billion Egyptian pounds. That is how much Sawari Ventures raised for its Egypt-based fund. The fund has plans to ramp up...

African insurtech startup, Curacel, raises $450k pre-seed to expand to 10 new African countries

Nigerian artificial intelligence insurtech startup, Curacel, has announced a $450,000 pre-seed raise led by Atlantic Ventures and Consonance, with participation from Kepple Apple...

African startups can now apply for Extreme Tech Challenge (XTC) 2021

Nigerian-founded early-stage VC firm, EchoVC, and Africa-focused venture capital company, Atlantica Ventures have partnered with a global innovation startup competition, Extreme Tech Challenge (XTC) to select...

Nigerian fintech of the unbanked Bankly raises $2M led by Vault

Nigeria remains a largely cash-dominated country. There are over 100 million adult Nigerians, of which more than half have little or no access to financial services. 

News

Microsoft to Acquire Nuance Communications in ‘Biggest Deal’ Since LinkedIn

Microsoft is set to acquire AI software company Nuance Communications – marking Microsoft’s second-largest acquisition ever. The “Nuance deal would...

Facebook, Instagram users can now ask ‘oversight’ panel to review decisions not to remove content

Facebook’s self-styled ‘Oversight Board’ (FOB) has announced an operational change that looks intended to respond to criticism of the limits of the self-regulatory content-moderation...

MTN is talking up its mobile money business in hopes of a future IPO

MTN Group has big ambitions for its mobile money business and is presently considering publicly listing that side of the business in...

People

Instagram Founder could become New TikTok CEO

TikTok is reportedly talking to founder and former CEO of Instagram, Kevin Systrom. This comes after Kevin Mayer resigned from his position as...
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COVID19 Statistics

Global Numbers
138,346,177
Total confirmed cases
Updated on April 14, 2021 4:23 pm

OVEN FRESH

Microsoft to Acquire Nuance Communications in ‘Biggest Deal’ Since LinkedIn

Microsoft is set to acquire AI software company Nuance Communications – marking Microsoft’s second-largest acquisition ever. The “Nuance deal would...

Facebook, Instagram users can now ask ‘oversight’ panel to review decisions not to remove content

Facebook’s self-styled ‘Oversight Board’ (FOB) has announced an operational change that looks intended to respond to criticism of the limits of the self-regulatory content-moderation...

Rwandan startup Ampersand raises $3.5M, largest-ever e-mobility investment in sub-Saharan Africa

Last week, Ampersand, Africa’s first electric motorcycle company, secured a $3.5 million investment from the Ecosystem Integrity Fund (EIF). This is the...

MTN is talking up its mobile money business in hopes of a future IPO

MTN Group has big ambitions for its mobile money business and is presently considering publicly listing that side of the business in...

Latest

Microsoft to Acquire Nuance Communications in ‘Biggest Deal’ Since LinkedIn

Microsoft is set to acquire AI software company Nuance Communications – marking Microsoft’s second-largest acquisition ever. The “Nuance deal would...

Facebook, Instagram users can now ask ‘oversight’ panel to review decisions not to remove content

Facebook’s self-styled ‘Oversight Board’ (FOB) has announced an operational change that looks intended to respond to criticism of the limits of the self-regulatory content-moderation...

Rwandan startup Ampersand raises $3.5M, largest-ever e-mobility investment in sub-Saharan Africa

Last week, Ampersand, Africa’s first electric motorcycle company, secured a $3.5 million investment from the Ecosystem Integrity Fund (EIF). This is the...

INDUSTRY NEWS

Uber Expands Ride-Hailing Service in Kenya

Uber has expanded its ride-hailing service and online food delivery business to Nakuru, Kenya. According to Business Daily, this move...

Jumia raises $348.6 million as it completes sale of secondary shares

Last week, we reported that the ecommerce company, Jumia, was looking to raise around $400 million in a secondary share offer. The secondary offering was announced...

Jumia plans to raise millions by selling 18 million shares

Africa-focused eCommerce company, Jumia, is looking to raise millions of dollars from investors by selling 9 million American depositary shares (ADS) and...

YC-backed Termii raises $1.4m seed round to expand to North Africa

Nigerian-founded Communication Platform as a Service (CPaaS) startup, Termii has raised $1.4m seed round from African early-stage VC firm, Future Africa and  Africa-focused Japanese...

DON'T MISS

Microsoft to Acquire Nuance Communications in ‘Biggest Deal’ Since LinkedIn

Microsoft is set to acquire AI software company Nuance Communications – marking Microsoft’s second-largest acquisition ever. The “Nuance deal would...

Facebook, Instagram users can now ask ‘oversight’ panel to review decisions not to remove content

Facebook’s self-styled ‘Oversight Board’ (FOB) has announced an operational change that looks intended to respond to criticism of the limits of the self-regulatory content-moderation...

Rwandan startup Ampersand raises $3.5M, largest-ever e-mobility investment in sub-Saharan Africa

Last week, Ampersand, Africa’s first electric motorcycle company, secured a $3.5 million investment from the Ecosystem Integrity Fund (EIF). This is the...

MTN is talking up its mobile money business in hopes of a future IPO

MTN Group has big ambitions for its mobile money business and is presently considering publicly listing that side of the business in...

AWARDS

Global Accelerex, one of Nigeria’s leading fintech companies and a member of the Accelerex Holdings Group, has been certified as one of...

LATEST ARTICLES

Microsoft to Acquire Nuance Communications in ‘Biggest Deal’ Since LinkedIn

Microsoft is set to acquire AI software company Nuance Communications – marking Microsoft’s second-largest acquisition ever. The “Nuance deal would...

Facebook, Instagram users can now ask ‘oversight’ panel to review decisions not to remove content

Facebook’s self-styled ‘Oversight Board’ (FOB) has announced an operational change that looks intended to respond to criticism of the limits of the self-regulatory content-moderation...

Rwandan startup Ampersand raises $3.5M, largest-ever e-mobility investment in sub-Saharan Africa

Last week, Ampersand, Africa’s first electric motorcycle company, secured a $3.5 million investment from the Ecosystem Integrity Fund (EIF). This is the...

MTN is talking up its mobile money business in hopes of a future IPO

MTN Group has big ambitions for its mobile money business and is presently considering publicly listing that side of the business in...

#Akwaaba – Twitter’s first Africa office will be in Ghana

Social media giant, Twitter is setting up its first African office and it will be in Ghana.  The announcement...

Nigerian fintech Appzone raises $10M for expansion and proprietary technology

Africa’s fintech space has gained proper attention over the past few years in investments but it is not news that startups still...

Tanda Secures Funding for East African Expansion

Kenyan-based startup Tanda is expanding its operations after securing funding from early-stage African tech investor HAVAÍC, Zedcrest Capital, DFS Lab, Victor Asemota...

How Telematics is Driving eCommerce during COVID-19

If ever there was a time for the eCommerce sector to adopt telematics technology, it would be now: COVID-19 has disrupted the...

Huawei Partners with Mondia to Expand Contactless Payments Across Africa

Huawei Mobile Services (HMS) has teamed up with Mondia Pay, a digital payments company, to roll out seamless and contactless payments solutions...

Paymob raises $18.5m in largest Series A for an Egyptian fintech

In August 2020, Egyptian fintech Paymob announced that it raised $3.5 million to improve its capacity and acquire more merchants to use...

Most Popular

Microsoft to Acquire Nuance Communications in ‘Biggest Deal’ Since LinkedIn

Microsoft is set to acquire AI software company Nuance Communications – marking Microsoft’s second-largest acquisition ever. The “Nuance deal would...

Facebook, Instagram users can now ask ‘oversight’ panel to review decisions not to remove content

Facebook’s self-styled ‘Oversight Board’ (FOB) has announced an operational change that looks intended to respond to criticism of the limits of the self-regulatory content-moderation...

Rwandan startup Ampersand raises $3.5M, largest-ever e-mobility investment in sub-Saharan Africa

Last week, Ampersand, Africa’s first electric motorcycle company, secured a $3.5 million investment from the Ecosystem Integrity Fund (EIF). This is the...

MTN is talking up its mobile money business in hopes of a future IPO

MTN Group has big ambitions for its mobile money business and is presently considering publicly listing that side of the business in...

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