Business

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Tanzania’s East Africa Fruits nets over $2m in equity round led by Goodwell Investments

Tanzanian social enterprise East Africa Fruits has closed a $2.05-million Series-A round. It raised a further $950 000 in debt funding. The…

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African governments have worked to increase the number of young entrepreneurs in Africa, here is how…

The over-dependence of African youths on formal employment has become quite alarming, given the declining job opportunity in the formal…

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Swvl quietly raised over $20 million in a new round right before Covid-19

Swvl, the Cairo-born mobility startup quietly raised over $20 million in a new round right before the spread of Covid-19…

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Daily Digest Thursday, 7 May 2020

Funding in Southern Africa Money transfer group Mukuru acquires fintech Zoona’s assets in Malawi Mukuru, one of the largest international…

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Where to invest in Africa in the face of COVID-19: Botho Emerging Markets Group

Back in January, Africa’s economic outlook for the year was bright. African Development Bank projections predicted 3.9% growth in 2020…

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Money transfer group Mukuru acquires fintech Zoona’s assets in Malawi

Mukuru, one of the largest international money operators and remittance companies in Africa, has confirmed that it has acquired Zoona’s operational…

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Nigerian Fintech Company Interswitch And Workers Co-Raise $782k For Its COVID-19 Response Fund

At a time when startups and businesses across Africa are considering laying off their staff strength, Nigerian leading financial technology company, Interswitch together with…

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TIA enters into co-investing agreements with Dazzle, Jozi Angels

The Department of Science and Technology’s Technology Innovation Agency (TIA) has agreed to work with and offer matching funds with…

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Black entrepreneurs stand a chance to win R500k in TechAccel Programme

Johannesburg’s Tshimologong Precinct and IBM have opened applications for their three-month long TechAccel Programme, which aims to assist black tech entrepreneurs. The startup…

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Daily Digest Wednesday, 6 May 2020

Funding In West Africa SwypePay, the SME-focused digital payments startup wants to support 1M SMEs in Africa SwypePay, a Kenyan…

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