- Byju’s group company Great Learning has acquired Singapore’s executive education firm Northwest Executive Education in a stock and cash deal of around $100 million, according to people in the know. This is yet another investment from the Bengaluru-based Byju’s in the executive education space after…
- PayPal Ventures, Kora Capital, and Clay Point led a $50 million funding round for Paymob, an Egyptian fintech startup. Helios Digital Ventures, British International Investment (previously the CDC Group), Nclude, and three Egyptian banks joined the round as additional investors. Paymob is a digital…
- Africa GreenCo (GreenCo), a Zambian company, has received $15.5 million in fundig from InfraCo Africa, the Danish Investment Fund for Developing Countries (IFU), and the EU-funded Electrification Financing Initiative (EDFI ElectriFi). GreenCo Power Services, situated in Lusaka, was founded in 2020…
- Manara, an edtech startup, has secured $3 million in a pre-seed round backed by Stripe. The funding round also included Reid Hoffman, the creator of LinkedIn, Paul Graham, the founder of Y Combinator, Eric Ries, the inventor of Lean Startup, and Mudassir Sheikha, the founder, and CEO of Careem. In…
- Norebase, a Nigerian trade technology startup that is establishing a single platform for businesses to start, scale, and operate in any African country, has raised $1 million in pre-seed funding to help it grow. Samurai Incubate and Consonance Investment co-led the funding round, which also…
- GoMetro, a South African logistics startup, has raised a seed extension round of US$1 million to expedite its growth, strengthen its commercial team, and aggressively expand into the South African, UK, and American markets. Kalon Venture Partners, Hlayisani Capital, Tritech Global, 4Decades Capital…
- The third and final closing of the HAVAC Universum Core African Fund, a US$20 million fund that will invest in early-stage technology firms in South, East, and West Africa, has been announced by the South African venture capital firm HAVAC. The HAVAC Universum Core African Fund is the company’s…
- Only a few days after the US Federal Reserve announced an interest rate hike, the world’s leading tech companies saw their value drop by over $1 trillion. Since the close of business on Wednesday, when Fed Chair Jerome Powell warned that inflation was too high and that no rate hike of more than…
- Startups with creative solutions that help address the ocean’s overexploitation, pollution, or climate change concerns are encouraged to apply for the OceanHub Africa accelerator program’s 3rd cohort. The pan-African program will be a hybrid event this year. OceanHub Africa, based in Cape Town…
- Hello Tractor, a Nigerian tractor-booking platform, has received $1 million in funding from Heifer International to provide loans for tractor purchases that may be repaid with revenue generated by leasing the tractors to local farmers. Hello Tractor has launched a monitoring gadget and software…
- Kwely, a Senegalese B2B wholesale distribution channel for “Made in Africa” products, has raised a seed round of funding of $1 million. WIC Capital, LoftyInc Capital Management, Haskè Ventures, and other significant investors contributed an additional US$700,000 to Kwely’s seed round, bringing…
- OnePort 365, a digital freight forwarding company based in Nigeria that makes it easier to transfer cargo to, from, and within Africa, has raised $5 million in seed funding to help it accelerate the end-to-end digitization of freight management in Africa and expand into other markets. Mobility…
- Ecobank Commercial Banking, a subsidiary of Ecobank Group, has launched its Ellevate Leadership Training Program in collaboration with the Global Business School Network (GBSN). The Ellevate Leadership Training Program is part of ‘Ellevate Equip,’ a brand term for all Ellevate by Ecobank…
- Anheuser-Busch InBev, the world’s largest beer brewing corporation, inaugurated its 2022 Africa version of the Beer Garage Global Accelerator Program, which has a record of brewing 500 brands (including Budweiser, Corona, Stella Artois, and others) across 100+ countries. The event drew a virtual…
- Telegram announced that its users will be able to send and receive payments in real-time using the Toncoin cryptocurrency. Toncoins can be purchased with a debit card, on cryptocurrency exchanges, or transferred from other digital wallets, according to the company. Telegram users now transfer…
- Mexican Proptech company, Kambio closed a $1 million funding round led by First Check Ventures, PlugAndPlay, WeWork Alumni Fund, Bluebox Ventures, and Assymetry Ventures. Some other investors include ConConcreto, one of the largest construction companies in Colombia; and some angel investors…
- Paris-based Rise Up, a company that provides an employee learning software solution, announced that it has raised €30M in its Series B round of funding. The round was led by Amsterdam-based Connected Capital, a B2B SaaS-focused investment fund. Existing investors MAIF Avenir and Impact Partners …
- UK-based mobility startup RideTandem has raised £1.75 million in seed funding. 1818 Venture Capital led the round, alongside Conduit Connect, Low Carbon Innovation Fund, previous investors Ascension and Seedrs, and angel investors. The extra cash will support the company’s continued hiring,…
