Glovo has invested over 200 million dirhams ($20M) in Morocco since 2018 and continues to expand beyond food delivery into quick commerce.

Notably, the company added 2 million customers in the past 15 months alone, reflecting rapid expansion across its key markets.

The BCEG is entirely funded by Gabonese institutional and private investors, making it one of only two banks in the country controlled by national capital, alongside market leader .

“Trenderz simplifies and centralizes all aspects of collaboration: contracting, content validation, payment, and results tracking."

To date, Holocene has successfully executed six investments through its permanent capital vehicle and an additional four investments via HVF I.

The core innovation of Zeno is its swappable lithium-iron-phosphate (LFP) battery. Drivers can swap out depleted batteries at strategically located stations rather than waiting for them to recharge.

While this diversification may be seen as a strategic way to hedge risks, experts say this could inadvertently undermine the confidence in local founders and ecosystems.

SYMPL now operates in more than 2,000 points of sale across Egypt, with over 800 merchants contracted to use its platform. The company’s active customer base has swelled to more than 85,000, out of a total of 240,000 registered users since its inception.

The audit will comb through Bolt’s systems up until March 2024, with the possibility of expansion to other ride-hailing apps operating in the country.

In addition to funding, the program provides startups with business training, industry mentorship, one-on-one consultations, and networking opportunities.

The ASEP 2024 program will provide critical support to 450 startups by fully covering travel expenses such as airfare, accommodation, local transportation, and visa costs.

As Safaricom prepares to roll out the IHTS, Kenyan health-tech startups are grappling with the potential impact.