Venture Capital
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Funding
DFS Lab and Stellar Development Foundation to Launch Africa Digital Payments Fund
DFS Lab confirmed the launch of the DFS Lab Stellar Africa Fund I, which will support high-potential builders and teams…
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Funding
42Markets Raises $10M From Convergence Partners for Fintech Expansion
Convergence Partners has given the financial and capital markets fintech investment group, 42Markets, $10 million to help its portfolio companies…
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Funding
I’M IN Launches Incubator for Innovation Driven Black Women Techpreneurs
I’M IN, a program for aspiring entrepreneurs, has announced the start of its Ideation Incubator, a three-month program for women…
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Transportation
Touch And Pay’s New Innovation Makes Booking Transport Easier in Nigeria
Olamide Afolabi, Michael Oluwole, and Kabir Yabo started TAP in 2019. It was the first payment company in Nigeria to…
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Funding
Maholla Raises $1.5M in Seed Funding For Consumer Rewards App
In order to continue developing the largest retail-agnostic rewards and data platform in South Africa, Maholla, a consumer rewards app,…
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Funding
IFC to Invest Sh10.4bn in Pan-African Fund Manager
The International Finance Corporation (IFC) is planning to invest €70 million (Sh10.4 billion) in the Pan-African fund manager, Amethis Fund…
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Funding
Kenya to Invest $37m in Last-Mile Fibre Optic Cable Connectivity
The Communications Authority of Kenya (CA) and the ICT Authority (ICTA) have signed a contract to improve last-mile fiber optic…
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Funding
FarmTrace, a Cloud-Based Farm Management Innovation Tool from South Africa, Has Raised Undisclosed Funding to Expand Operations
FarmTrace, based in Tzaneen, Limpopo and Stellenbosch, Western Cape, is a leading agricultural ERP system that offers cloud software to…
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Acquisition
Autochek Buys Egyptian Venture Capital Backed AutoTager
Around ten months after entering the North African market via the purchase of Morocco’s KIFAL Auto, mobility company Autochek has…
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