To date, Qara has authenticated over 28 million product units and connected more than 50,000 business users across its primary markets of Egypt, KSA, and Kenya.
The investments will focus on pre-seed, seed, and growth-stage startups across key regions, including West and East Africa, South Asia, and Latin America.
The capital injection from Kua Ventures will enable Continental Seeds to scale its operations, reach more farmers, and encourage youth participation in agriculture.
Nigeria, hitherto Africa’s largest economy, painted a grim picture for dLocal. Revenues fell to $2.1 million in Q3 2024, a mere 1% of total company revenues, down from $55 million during the first nine months of 2023.
Naguib Sawiris's battery-swapping group has built the largest network of its kind in the Middle East and North Africa. Whether each cabinet earns back the batteries it cycles is a question it has not answered.
