Byline
Articles credited to Samuel Ige.
Showing 121–140 of 146 articles
M&A
“This agreement initiates a transformative effort to develop, finance, construct, operate, and maintain essential transmission lines and substations across Kenya.”
Funding
Funding to bolster African Health-Tech System 11th October, 2024 Pan-African investment, AfricInvest, has announced that it has successfully closed its Transform Health Fund (THF), surpassing its initial $100 million benchmark in the process. The funding, with a final figure pegged at $111 million, was managed in partnership with the Health Finance Coalition (HFC). The Health
Startups
Mustek seals acquisition deal with Sizwe Africa IT 11 October, 2024 Mustek, a South African IT company, has taken a one-million-dollar step as it acquires a 70% stake in CyberAntix, a security operations centre-as-a-service provider, from Sizwe Africa IT. In a deal worth R20 million ($1.1 million) deal, both companies oversaw an R8 million ($457,820)
AgricTech
US-based BG Titan Group has launched its Titan E-Farms initiative in Uganda. This launch represents a first step aimed at transforming agriculture across East Africa. With a total project size exceeding $650 million, the Titan E-Farms project aims to establish a sustainable agricultural model that supports economic growth while tackling critical environmental challenges. On the
AgricTech
Nigerian open banking startup, Okra, has officially made its entrance into the cloud infrastructure market on the wings of its new service, Nebula. Nebula is a new cloud service designed to support local innovation and reduce reliance on foreign solutions. This feature positions Nebula competitively against local rivals like Nobus, Galaxy and Layered – all
Funding
Climate Tech to contribute to combating climate change
Funding
South African shipping company for eCommerce exporters, TUNL, has completed a seed round to boost marketing support for small and medium sized enterprises (SMEs). This funding comes ten months after the startup announced its $1 million pre-seed funding to accelerate its expansion within its primary market, South Africa. At the same time, it aims to
FinTech
The launch of Kazang Pay in Zambia comes on the heels of the introduction of the solution in South Africa, where around 60,000 small and micro merchants use Kazang Pay to accept card payments.
Funding
Malawi is reportedly one of the least electrified countries in the world, with 11% of the population connected to electricity, 42% in cities and only 4% in villages.
FinTech
As a crucial part of the collaboration, Amazon will adopt Mastercard Gateway as a payment solution that will be made available in 40 markets in the region
Funding
Funding to provide early stage capital to at least 50 startups
FinTech
TymeBank surpasses 10 million customers six years after funding
Funding
Rubyx CEO says Proparco’s backing will help speed up implementation of digital lending solutions
Startups
Elon Musk-owned satellite company continues to make inroads into Africa
FinTech
Mitesh Popat Replaces O’Neal Bhambani as Chief Financial Officer
FinTech
Tanzanian FinTech Startup, NALA Follows in Flutterwave’s Market Entry as it obtains a Money Remittance License in Uganda
Funding
Chpter’s Acceptance into Norssken and Safaricom Park Accelerator Programs May Have Strengthened Closing Pre-seed Deal
M&A
LULA has taken over the South African branch of the US-based staff bus-sharing startup Zeelo in an acquisition of undisclosed amount. LULA is a ride sharing platform dedicated to serving office workers. Zeelo launched in South Africa in the year 2019 and has raised $33 million in funding. It has completed more than 2 million
Funding
Kredete, a Nigerian financial software platform has raised US$2.25 million in seed funding to help it further scale across the continent. Having already built a presence in up to 20 African countries, Kredete is focused on enabling African Immigrants to builf credit scores and send money back home. Kredete was founded in 2023 with the
Energy & mobility · Rwanda
AHL Venture Partners and Everstrong Capital back the electric-mobility company’s expansion in East Africa.