LATEST INSIGHT

Category: Africa

November 18, 2020
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Nigeria based startup Autochek looks to bring the sales and servicing of cars in Africa online. The newly founded venture has closed a $3.4 million seed-round co-led by TLcom Capital and 4DX ventures toward that aim. The raise comes fresh off of Autochek’s September acquisition of digital car sales marketplace Cheki in Nigeria and Ghana. “It’s different in the […]

November 11, 2020
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In the latest development, Kuda, a startup out of Nigeria that operates a popular mobile-first challenger bank for consumers and small businesses, attracts $10 million funding. This comes on the back of strong demand for its services and its ambitions according CEO Babs Ogundeyi to become the go-to bank not just for those living on the continent, […]

November 11, 2020
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Kasha, a Rwandan e-commerce platform that women provides healthy and self-care products has annouced it has extended it Series A round by US$1 million from the Swedish development finance institution Swedfund. The startup raised US$2 million from Finnfund and the United States International Development Finance Corporation last year. This current invest brings the total Series A round to […]

November 9, 2020
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South African online livestock auctions and sales platform swiftVEE has secured US$1.5 million investment to scale operations. The round of funding was led by Subtropico Ltd, an agri investment focused firm. The agritech startup will use the fresh capital to expand its services to other provinces in South Africa and neighboring countries like Namibia and […]

November 2, 2020
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Johannesburg headquartered African telecommunication giant has announced that it has now sold it stake of 18.9% stake in Africans home grown ecommerce business Jumia in a press release. According to the statement, MTN raked US$ 141m net proceeds from the transaction. MTN made the move in August this year with the New York Stock Exchange […]

October 30, 2020
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AfricaGrow, an investment vehicle put in place by Allianz Global Investors, a subsidiary of the German insurance group Allianz, and the German Development Finance Bank (KfW). The firm is headquartered in Tunisia but focuses companies who are interested in introducing cutting edge global technology to the Africa market through its VC fund, CAIF. Jan Martin Witte, Director […]

October 27, 2020
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South Africa’s fiber network operator Liquid Telecom has announced it has raised US$307 million through a rights issue to fund a speedy expansion of its data center business some strategic countries in Africa. Africaincmag.com reports that “the rights issue included an additional US$40 million from U.K. development finance institution CDC Group Plc, the group said in a […]

October 27, 2020
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Southern African Venture Capital and Private Equity Association (SAVCA), the industry body and public policy advocate for private equity and venture capital in Southern Africa has announced the appointment of Lelo Rantloane as its new chairman. As founding CEO of Ata Capital, Lelo Rantloane has been serving on the board of SAVCA board for a period of 5 years now and will now ascend as the […]

October 23, 2020
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Click2Sure, a Cape Town-based insurtech company has raised an undisclosed figure (multi-million in rands) from US-based venture capital firm SixThirty to help the startup expand its operations according to a press statement by the startup. Launched in 2017, Click2Sure is a full-stack digital insurance platform that enables retailers, service providers, distributors and brokers to bolt on a […]

October 16, 2020
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It’s a big win for Nigerian Paystack as they struck a $200million deal that allows the Lagos-headquartered startup to integrate payment services. Stripe has made its biggest acquisition to date.  Sources tell us that the acquisition price was more than $200 million. In an interview , Stripe CEO Patrick Collison said that expanding into Africa presents […]

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