EV Company Spiro Secures $50 Million Debt Facility from Afreximbank to Expand in Africa
May 20, 2024
Spiro has announced the signing of a $50 million debt facility with he African Export-Import Bank (Afreximbank). The agreement was signed during the Africa CEO Forum in Kigali, Rwanda. The funds will be used to…
Financial Times Ranks Moniepoint as Fastest Growing Fintech for 2nd Consecutive Year
May 15, 2024
The Financial Times has ranked Moniepoint as Africa’s fastest-growing fintech. This is the second year Moniepoint has been ranked as the fastest-growing fintech and also Africa’s top four fastest-growing companies overall. The survey was compiled…
Senegalese Startup, Maad, Raises $3.2 Million to Expand its Tech & Logistics Platform Informal Retailers Across Francophone Africa
May 14, 2024
Maad, a Senegalese startup, has announced the close of a $3.2 million seed funding round consisting of both debt and equity. Maad is one of the fastest growing tech & logistics platform for informal retailers…
Jumia Appoints Vinod Goel as Regional CEO East Africa
May 13, 2024
Jumia has announced the appointment of Vinod Goel to be its Regional CEO for East Africa. He will head operations in both Kenya and Uganda as direct CEO. He takes over the role from Charles…
2 Kenyan Non-profits Selected for Google’s First Generative AI Accelerator
May 7, 2024
Google has released the list of the participants in its first Generative AI (GenAI) Cohort. 21 non-profits have been selected with 2 of them based in Kenya. The organizations will have access to the $20…
BuuPass Acquires Quickbus to Expand Operations to Nigeria And South Africa
May 6, 2024
BuuPass has finalised the acquisition of Quickbus, a significant player in the bus ticketing service sector in Nigeria and South Africa. BuuPass is a B2B2C mobility marketplace that enables users to search, compare, and book…
Applications are now Open for the Google for Startup Accelerator Africa Program
May 6, 2024
Google has opened applications for the 8th cohort of the Google for Startups Accelerator Africa program.With this cohort, Google is specifically targeting startups that are harnessing the potential of artificial intelligence (AI) and machine learning…
Renda Closes a $1.9 Million Pre-Seed Funding Round
May 3, 2024
Renda, a Nigerian technology solution that simplifies order fulfillment and retail distribution for businesses in Africa, has announced the close of a its pre-seed round at $1.9m in equity and debt funding. The equity investment…
Saad Kassis Mohamed led WeCare Raises $350000 for Lab-Grown Diamonds
May 2, 2024
Saad Kassis Mohamed, leading WeCare, proudly announces a milestone achievement with the successful raise of $350,000 dedicated to accelerating innovation in the lab- grown diamond sector. This significant funding marks a pivotal moment in the…