Friday, December 2, 2022

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Ayoken raises $1.4M to grow its NFT marketplace for creatives

Ayoken, an NFT marketplace for creatives, has raised $1.4 million pre-seed funding to enable users grow their revenue...

Betastore gets $2.5M to solve stockouts, financing challenges for informal retailers in West and Central Africa

About 80% of household retail in sub-Saharan Africa is delivered through informal channels, which perennially face several challenges like stockouts,...

Crown Flour Mill’s economic contribution gets presidential recognition 

Crown Flour Mill Limited (CFM), the wheat milling subsidiary of Olam International, an agribusiness firm, has won Nigeria’s National...

Government-directed internet shutdowns in Africa threaten digital penetration and inclusive growth

Africa’s leaders say they want high standards of living, educated citizens, and a quality of life underpinned by science,...

Safaricom declares $2.42 billion revenue, plans to launch commercial operations in Ethiopia this year

Safaricom, the largest telecommunications provider in Kenya, is set to launch commercial operations in Ethiopia later this year....

Nigeria’s Topship raises $2.5M from Flexport and YC to help merchants with international shipping

African merchants encounter many challenges when it comes to international shipping, ranging from logistics and customs to...

Twiga starts commercial farming, looking to guarantee quality, sustain supply

Twiga, a B2B e-commerce food distribution platform, has today announced the launch of its new subsidiary, Twiga Fresh,...

MARA raises $23M from Coinbase Ventures and FTX 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...

Identitypass, an identity verification API for Africa, raises $2.8M seed funding

Mobile penetration in Africa is growing impressively at about 46% as more people come online for the very first time....

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Egyptian B2B e-commerce platform Cartona raises $12M to scale and explore new verticals

Startups that solve the supply-chain and operational challenges of players in the fast-moving consumer goods (FMCG) industry —...

The Fashion Kingdom, an Egyptian fashion e-commerce startup, raises $2.6M in seed funding

Image Credits: The Fashion Kingdom The Fashion Kingdom (TFK), an Egyptian e-commerce marketplace for fashion, beauty and...

Nigeria’s Kwik launches e-commerce solution for African businesses

Kwik, a Nigerian startup known for its on-demand B2B logistics service, has entered the growing e-commerce market in Africa...

MAX partners with Yamaha to expand operations across the continent

Following their recent milestone of 100 million kilometres, Max has announced a partnership with Yamaha’s Nigerian subsidiary,...