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B2B platform Sabi reaches 150,000 merchants in Nigeria while building under the radar

The informal retail sector in Nigeria is estimated to be worth $244 billion and includes over 41 million micro, small, and medium-sized...

Egypt’s MaxAB closes $40 million Series A to expand its inventory delivery platform

MaxAB, a Cairo-based startup that helps small retailers in the country procure inventory for their stores, on Monday announced that it has...

Startup “Unicorns” Help Mobile Money Soar in Africa

A recent GSMA report reveals that there are 1.2 billion registered global mobile money accounts. 560-million of these registered accounts are in Africa. The...

Kenyan foodtech startup Kune raises $1M pre-seed for its ready-to-eat meals service

While there has been a wave of innovation in food tech worldwide, it’s still in early days for Africa. There are only a...

Cape Town Tech Startup Secures $14.5-Million More in Funding

Cape Town-founded mobility tech startup WhereIsMyTransport has secured a total of $14.5-million during a Series A extension round to continue its expansion. This is...

Cairo-based furniture marketplace, Homzmart, closes $15 million Series A

Homzmart, an Egyptian-based marketplace startup, has secured $15 million in its Series A investment round, TechCrunch reports. In February 2020, the...

Nigerian startups could bag more government ICT contracts with new policy

Nigeria’s President, Muhammadu Buhari, has launched a policy that may see Nigerian startups enjoy more government ICT contracts. On...

Kenyan Insurtech Lami raises $1.8 million seed funding

Lami, a Kenyan insurtech company democratizing insurance products and services for low-income Kenyans, has raised $1.8 million in seed funding. The funding...

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...
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Standard Bank to Launch Innovation Lab with Amazon Web Services in SA

Standard Bank and Amazon Web Services (AWS) have announced an expansion of their strategic relationship to drive...

Egypt’s e-commerce startup Capiter raises $33m to expand across MENA region

Capiter, a Cairo-based B2B e-commerce solution startup, has raised a $33 million Series A round to power its...

Nigeria’s Releaf secures $4.2m funding to industrialize food processing in Africa

Releaf, a Nigerian agriculture technology company that develops proprietary hardware and software solutions to drive the industrialisation of...

Twitter Launches Patreon-Like ‘Super Followers’ Feature for iOS

Twitter has begun its roll-out of Super Followers, a new feature on the social network that lets users who have over 10,000...