Standard Chartered Bank Partners With iBizAfrica for the 5th cohort of the Women in Tech incubator program
March 10, 2022
Standard Chartered Bank in partnership with @iBizAfrica-Strathmore University has today launched the 5th cohort of the Women in Tech incubator program. The program, which is an initiative of Standard Chartered in partnership with Strathmore University’s @iBizAfrica Incubation Centre, aims at championing for more…
Microsoft’s Founders Hub to Launch in Africa seeking to support 10,000 African start-ups in five years
March 3, 2022
Under the remit of its recently established Africa Transformation Office (ATO), Microsoft has announced new initiatives to accelerate the growth of 10,000 African start-ups and fast-track investment in Africa’s start-up ecosystem over the next five…
M-KOPA announces a $75M Growth Equity Round
March 1, 2022
M-KOPA has today announced its $75M Growth Equity round*. The round was led by Generation Investment Management and Broadscale Group, with participation from new investors including LocalGlobe’s Latitude Fund and HEPCO Capital Management. M-KOPA’s existing…
Flutterwave valued at Over $3 billion in Latest round of venture funding
February 16, 2022
Flutterwave is now the highest valued African start-up after the latest round of funding. This Series D funding raised $250 million taking the company’s valuation to over $3 billion. The company says this latest round…
BasiGo Secures Over Ksh 450 Million in Seed Funding To Help Set up local assembly of electric buses in Kenya
February 9, 2022
The future is definitely electric, and this will be the case for all vehicles including the public transport sector. One company that is trying to achieve this is BasiGo. They refer to themselves as an…
Moove secures $10m financing From NBK Capital Partners
February 3, 2022
NBK Capital Partners Mezzanine Fund II has announced that it closed a $10 million financing facility with Uber’s exclusive vehicle supply partner in Africa, the mobility fintech, Moove. The innovative asset-backed venture debt marks the…
Kenyan logistics startup Amitruck raises $4m seed funding
February 3, 2022
Kenya-based digital trucking logistics startup Amitruck has secured $4 million in seed funding to expand its operations across Africa. The fundraising was led by Better Tomorrow Ventures (BTV), a San Francisco-based venture capital firm that…
TLcom Secures First Close of $150mn Pan-African Tech Fund
January 27, 2022
TLcom has today announced a first close of $70mn for its $150mn Africa focused tech fund, firmly positioning the investor to become the largest independent VC firm fully dedicated to the continent. With a first close…
Ventures Platform Secures First Close of US$40mn Pan-African Fund
December 20, 2021
Ventures Platform has announced the first close of its new US$40m Pan-African, early-stage fund to invest in market-creating innovations. With this close led by the Nigeria Sovereign Investment Authority (NSIA), the new fund features participation…