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    Dodai Raises $13m Series A to Scale EV Battery-Swapping in Ethiopia

    Three years ago, when electric mobility was still an experimental idea in much of Africa, Japanese entrepreneur Yuma Sasaki made an unconventional choice.

    The Battle for Driver Financing: Gozem’s $24.5M Debt Raise Raises the Stakes for Regional Rivals

    The new facility comes on the heels of a transformative 12 months for the Lomé-based company.
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    Egypt’s Kemitt Secures Undisclosed Funding, Expands into Saudi Arabia

    With over 100,000 SKUs, Kemitt’s unique on-demand manufacturing model ensures orders are delivered efficiently within 7 to 12 days.

    Cameroon Launches Agritech Innovation Challenge to Promote Digital Solutions

    Each winner could receive up to 40 million FCFA (USD$66,000) and support from Patnuc in implementing their respective business plans.

    From Dream to Unicorn: African Union Lays Groundwork for Africa’s Startup Boom

     In a landmark move aimed at bolstering innovation and entrepreneurship across Africa, the African...

    IFC Leads $157.5M Funding Round in Egyptian Fintech Giant MNT-Halan

    This latest capital infusion follows a series of substantial funding rounds totaling $520 million over the past two years.

    Meta, WhatsApp Hit with Record $220M Fine in Nigeria, Vow to Fight Back

    The FCCPC’s investigation, conducted jointly with the Nigeria Data Protection Commission (NDPC), found that Meta and WhatsApp engaged in abusive and invasive practices against Nigerian consumers and data subjects

    HostAfrica Expands Kenyan Footprint with deepAfrica Acquisition

    This acquisition is part of HostAfrica’s broader strategy to dominate the African web hosting market. The company has been acquiring various local hosting companies to expand its network. Since its inception in 2015, HostAfrica has acquired several companies.

    Fuzé Investment Series: Tunisian Health-tech ReMotion Rehab Joins the List

    The company’s business model, which combines a subscription-based service with equipment sales, aligns with the growing tele-rehabilitation market, projected to reach USD 15.9 billion by 2032 (Global Market Insights, 2023).

    TerraPay Secures $95M to Fuel African Remittance Growth, Backed by Major Investors

    The company’s cap table is notably influenced by the IFC, Partech Africa, and Prime V Holding 2 B.V., all of whom have shown continued support for TerraPay’s mission.

    Inside Algeria’s Startup Labelling System: Over 2,300 Now Labeled Four Years Later

    The advantages of obtaining the startup label extend far beyond mere recognition. Labelled startups enjoy a suite of benefits designed to accelerate their growth and sustainability

    QuestionPro Acquires Cmiles CX, Enters Egyptian Market

    Egypt's Cmiles CX is known for its innovative use of kiosks to gather real-time customer feedback at physical touchpoints, offering valuable insights into customer interactions.

    Mobility Startup Zeelo Exits South Africa, Hands Reins to Ride-Sharing Rival LULA

    Zeelo, a US-based company that launched its South African operations in 2019, has decided to exit the market to focus on its core markets in the US, UK, and Ireland.

    d.light Secures $176 Million to Expand Solar Access in East Africa

    The company’s PayGo model allows customers to pay for solar products in installments using mobile money.

    Latest articles

    Dodai Raises $13m Series A to Scale EV Battery-Swapping in Ethiopia

    Three years ago, when electric mobility was still an experimental idea in much of Africa, Japanese entrepreneur Yuma Sasaki made an unconventional choice.

    The Battle for Driver Financing: Gozem’s $24.5M Debt Raise Raises the Stakes for Regional Rivals

    The new facility comes on the heels of a transformative 12 months for the Lomé-based company.

    Egypt’s Central Bank Removes Ownership Cap on Fintechs, Clearing the Way for Bank Acquisitions

    A circular issued recently by the CBE expands the legal definition of "financial companies" to include fintech startups, money transfer operators, and SME lenders.

    The Franchise Ceiling Nobody Talks About

    "Growth is outpacing the structures built to hold it. The answer is not more stores, it is a better middle layer." - Larry Hodes, CEO Grow Franchising & FASA Board Member, writes from Johannesburg.