Topic
Reporting on African Startups.
Showing 101–120 of 141 articles
Funding
Lingawa would consider a slightly different approach to its business model. It will cater to the diaspora market where Williams believes 20 million Africans exist, but half of them do not speak their mother tongue.
Funding
BPS has expanded into several African markets, delivering power to over 5 million customers through the Electricity Company of Ghana (ECG), helping the company double its revenue in just two years. In February 2024, ECG even launched a mobile application for electricity services.
M&A
Chad’s Communications Minister, Boukar Michel, emphasised the importance of this partnership, stating, “A large part of our territory is not covered by fibre optics, and I believe that Starlink will help us bridge this gap.”
Funding
The funding will enable efreshli to scale its operations, enhance its digital platform, and expand its reach within Egypt. By providing farmers with access to real-time data and analytics, Efreshli aims to optimise supply chain processes, reduce waste, and ensure that fresh produce reaches consumers more efficiently
FinTech
This feature is particularly useful for individuals and small business owners who may lack access to traditional banking services. It will be providing them with a convenient and secure means to obtain short-term credit.
FinTech
“Mauritius, renowned for its robust financial services sector, which contributes 13.4% to its gross domestic product, provides Access UK with a solid foundation to expand its operations in the high-growth personal and corporate banking segments.”
Funding
Her resignation, which she disclosed during a company-wide meeting on 29 October, follows a period of expansion, but financial challenges for the company.
M&A
“No roaming plans are available in Kenya at this time. Starlink is working to restore service in the disrupted areas and a notification will be sent once the residential plan is back,”
FinTech
MTN Nigeria’s Billboard (Source: Alamy) MTN Nigeria has revealed its financial results for the past nine months ending September 30, 2024. Data showed that the telco’s net losses grew by more than 3335% year on year to N514.928 billion, according to details from the telecommunication company’s unaudited financial statement revealed. This loss spiked from N14.984
FinTech
Moniepoint Inc. announced that it has successfully secured US$110 million in equity financing. Dubbed Africa’s fastest-growing fintech, it aims at using this funding to power the dreams of millions of businesses and customers across Africa and the globe. The Series C investment was led by Development Partners International’s African Development Partners (ADP) III fund, which
Funding
70% of the total $200 million, or $140 million, will be allocated to Egyptian startups over the next four to five years.
M&A
Africa’s largest telecommunications company, IHS Towers has reportedly gotten a $439 million loan to manage currency risks and support its operations across multiple regions. According to reports, virtually half of the loan comes in South African Rand, while the other half is in USD ($255 million). Both parts of the loan come with a 4.50%
Funding
Yellow Card, founded in Nigeria in 2019, is a fintech company that operates in 20 countries and facilitates more than $3 billion in transactions across the continent
Funding
With its operations cutting across three continents, Sistema.bio boasts of positively transforming the lives of over 100,000 farms and more than 600,000 people worldwide while reducing over 1 million tons of CO2e emissions annually.
Funding
The Lapaire Brand Glasses Lapaire has landed funding from AfricInvest and Proparco to expand its area of influence. This development comes nine months after the startup raised $3 million to drive expansion across the continent. Proparco and AfricInvest together approved financing for Lapaire Glasses SA, an optical retail chain offering quality eyewear at a fair
HealthTech
The company’s decision to relocate aligns with its vision of supporting healthier lifestyles across the MENA (Middle East and North Africa) region, with plans for further regional expansion
FinTech
This strategic appointment comes as M-KOPA, widely known for providing affordable smartphones and digital financial services to underserved consumers, seeks to expand its reach in emerging markets.
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)