4DX Ventures Fund III will focus on companies offering tech solutions that enhance productivity, efficiency, and competitiveness across Africa. The firm’s previous funds have invested in notable companies like Egypt’s e-commerce platform MaxAB, Ghana’s health tech firm mPharma, and Kenya’s B2B e-commerce platform Wasoko.
Founded in 2016 by Bamba Lo and Rokhaya Sy, Paps offers a suite of technology-driven logistics solutions designed to streamline supply chains for businesses across Africa.
DFC has allocated $10 million each to Mogo Auto Kenya and BasiGo to further advance e-mobility solutions in Kenya. This aligns with President Ruto’s Africa Green Industrialization Initiative and builds upon DFC’s existing support for sustainable transportation in the country.
The Egyptian Financial Regulatory Authority (FRA) has issued Resolution №57 of 2024, establishing a clear framework for Robo-advisors in the Egyptian capital market. This presents a significant opportunity for Egyptian Fintech startups to develop and offer innovative Robo-advisor solutions.
The Algerian auto-entrepreneur card recognizes freelancers working in various domains, including consulting, digital services, personal coaching, and cultural activities. By obtaining this card, freelancers can operate within the official economy and gain access to numerous benefits.
June funding rounds show a recovery in the share of Africa-based investors, but several prominent funds remain absent and the revival is concentrated in a handful of markets.
The seed cheque is BasharSoft's first investment since acquiring career platform iCareer, and signals interest from MENA's recruitment incumbents in newer models of professional engagement.
