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GFA Opinion: How Does Venture Capital Work?

WHAT IS VENTURE CAPITAL?   Venture capital is a form of private equity financing provided by investors to startups, early-stage companies,…

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GFA Spotlight: Autochek Africa 

Any step taken to provide additional financial solutions in Africa should be strongly supported. This is to imply that auto…

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Logistics Company OX Delivers Closes US$3m Oversubscribed Seed Funding Round

RWANDA – OX Delivers, a logistics company, has announced its oversubscribed seed funding round for building successful pilot operations in Rwanda which closed…

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Africa Guarantee Fund Receives $2.5 Million USAID Fund To Boost SME Operation In West Africa

Africa Guarantee Fund(AGF), a non-bank financial institution has received $2.5 million investment grant from USAID-funded West Africa Trade & Investment…

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E-commerce Firm Copia Raises US$50m To Ramp Up African Expansion

KENYA – B2C e-commerce company Copia Global has raised US$50 million in a Series C equity round led by Goodwell Investments, coming…

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Jiji Raises $21 Million As Competition With OList Grows Stiffer

Jiji, the Nigeria-based classifieds listing company, has raised $21 million Series C funding from six investors. The round was led by Knuru Capital,…

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Tunisia Launches InnovaTech, A $43m Fund For Startups

Tunisia has launched “INNOVATECH,” a new initiative aimed at innovative small businesses. It’s a 125 million dinar ($43 million) investment fund…

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Nigerian Rewards Startup ThankUCash Raises $5.3m Seed Round For Expansion

Nigerian multi-merchant rewards platform ThankUCash has raised US$5.3 million in seed funding as it plans expansion into new markets and…

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Ivory Coast’s Afrikrea Raises USD 6.2 Mn Pre-Series A Round

Ivory Coast-based startup Afrikrea, the e-commerce platform for “all things made of Africa”, has raised a USD 6.2 Mn pre-Series A…

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SA Fintech Startup Peach Payments Expands Into Mauritius

South African fintech startup Peach Payments has set up an office in Mauritius as it continues its pan-African expansion following…

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