Daily Digest Thursday, 23 September 2021
Funding In Northern Africa
Egyptian Startup, Shiphaly, Raises Six-figure Funding For Operational Expansion
The new investment will be used to expand the online marketplace’s storefronts to Africa and other Middle Eastern nations, as well as to introduce new product features. Read more
Egypt social commerce startup, Brimore, secures investment from Fawry
Coming as part of Brimore’s upcoming Series A funding round, the investment will also see Fawry leverage its role as a strategic investor to engage. Read more
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Funding In Western Africa
Nigeria’s fintech startup, Infibranches Technologies, lands US$2mn funding to improve energy distribution
All On’s investment will trigger the next phase of Infibranches’ growth by financing inventory and agent acquisition, product and technology development. Read more
Latest News
Egyptian automotive marketplace, Contactcars, acquires Sa3ar Technology Solutions
Contactcars.com, a subsidiary of Contact Financial Holding, continues to evolve and look for new opportunities to provide the automotive ecosystem with innovative value-added services. Read more