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    First-Time Founders Drive Nigeria’s Unicorn Boom

    Moove's $2.1bn valuation highlights the country's ability to mint billion-dollar companies without serial entrepreneurs.

    Silverbacks Logs Massive Paper Gain as $37M Moove Bet Reaches $62M

    A Mauritius-based investment firm has made its biggest-ever bet on Africa's latest unicorn.
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    Launch Africa Investment Series: South Africa’s Shiprazor Receives Funding

    Shiprazor’s end-to-end management capabilities encompass a Shipping Aggregator, Fleet Management System (FMS), Returns Management System (RMS), Customer Experience/Notification System, and Address Verification System, ensuring a seamless logistics process from start to finish.

    Digitizing Education: Morocco Invites Foreign EdTech Companies to Submit Tenders

    Interested parties are invited to submit their application files no later than September 15, 2024. Webinars will be organized to share information and answer questions about the Digital Lab.

    South Africa’s Peach Payments Acquires Custom Software Development Firm Operativa

    “Operativa has been a trusted partner since the very beginning of our relationship, so the opportunity to acquire the business was not only a strategic business decision but felt like a natural next step.”

    R&D Maroc, the Fund Manager Behind Morocco’s Innov Invest Fund, Returns to the Scene

    Under the second edition of the Innov Invest Fund, R&D Maroc will offer the “Tech Start” program to startups that have progressed beyond the Proof of Concept stage and are ready to develop prototypes or Minimum Viable Products.

    With Over 200 Angels, $10M Renew Venture Lab Fund 2 Seeks Asset-light African Startups

    “Our journey began in 2012, and since then, we’ve been committed to supporting innovation and growth in African startups.”

    South African Climate-tech Plentify Secures Funding for International Expansion

    “Plentify may have cracked the code on how to architect energy management in the smart home of the future — enabling homes to cheaply and easily maximize their solar self-consumption.”

    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.

    Latest articles

    First-Time Founders Drive Nigeria’s Unicorn Boom

    Moove's $2.1bn valuation highlights the country's ability to mint billion-dollar companies without serial entrepreneurs.

    Silverbacks Logs Massive Paper Gain as $37M Moove Bet Reaches $62M

    A Mauritius-based investment firm has made its biggest-ever bet on Africa's latest unicorn.

    Why African Fintech PalmPay Is Eyeing Hong Kong for a $1bn IPO

    Nigeria's two largest mobile payment heavyweights are both eyeing IPOs, but their target exchanges tell a story of contrasting global ambitions.

    EFG Finance Takes Majority Stake in Egypt’s First Remittance Aggregator Balad

    The transaction hands control of the startup to one of Egypt’s largest financial groups.