Funding In Southern Africa
Cape Town-Based CredoLab Raises $7m To Expand Across Africa
With the funding, the firm aims to consolidate its leadership in Southeast Asia and expand its market reach in Africa, Latin America, Asia, and key countries across the EU. Read more
Savings App Esusu Raises $2.3M From Acumen Fund & LinkedIn’s Jeff Weiner For US Expansion
The $2.3 million in seed extension bringing total capital raised to $4 million and Esusu will use it to hire exceptional talent to fuel its expansion to one million rental units in the United States. Read more
Nigeria’s Yellow Card Raises Over $1.5M From Andreessen Horowitz To Launch Its Crypto Exchange In Kenya & Cameroon
Yellow Card’s CEO Chris Maurice said the 1.5 million was raised from Andreessen Horowitz, Polychain, Celo, and among others. The firm will use the funds to grow its operations in Nigeria, South Africa and Botswana where it launched a few months ago. Read more
Opinion Corner
Afrofuturistic AKON CITY Underway In Senegal
Senegalese authorities have embraced him as a native son, introducing him by his given name Aliuane Thiam and praising him for investing in Africa at a time of such global financial uncertainty. Read more
How Women-led Agribusinesses Are Boosting Nutrition In Africa
Sangoleye is one of a small but growing number of women who are heading up agribusinesses in Africa, some of which are producing innovative products to combat malnutrition. Read more
In this episode of GFA-Attract, we discuss with Kennedy Mubita, Nairobi based Venture Capital Lead for Africa & Middle east at SC Ventures, the venture capital arm of Standard Chartered Bank. SC Ventures is a $100 million fund focused on FinTech investments.
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