Tage Kene-Okafor

Tage Kene-Okafor covers startups and investment activities in Nigeria and Africa for TechCrunch. Before this, Tage reported on the same beat for Techpoint Africa.

You can hit him up at tage.techcrunch@gmail.com

The Latest from Tage Kene-Okafor

New report examines Africa’s growth in the digital economy and VC investment landscape

A new report from Endeavor Nigeria reveals that Africa’s digital economy and tech ecosystem is set to experience exponential growth periods. The report is dubbed “The Inflection Point: Africa’

Nigerian startup Klasha gets an additional $2.1M for its cross-border commerce play

Lagos and San Francisco-based Klasha has received an additional $2.1 million to complete its $4.5 million seed round. The startup, which provides multiple products for the cross-border commerce space

MFS Africa acquires GTP for $34M as it looks to issue prepaid cards to its clients

Pan-African digital payments company MFS Africa is acquiring U.S.-based Global Technology Partners (GTP) in a cash-and-shares deal worth $34 million, FT reported today. There are very few deals of suc

Nigeria’s Indicina raises $3M to help businesses offer credit to their customers at scale

For years, Africa’s credit infrastructure has lagged behind the rest of the world due to low credit coverage from its bureaus. Per a World Bank report, only 11% of Africa’s population have their c

Egyptian q-commerce platform Appetito bags Lamma for over $10M

Appetito, the Egyptian platform that delivers groceries and household products to customers from 11 dark stores across three cities in the North African country, is acquiring Lamma, an identical start

SWVL plans to lay off 32% of its team two months after going public

Egypt-born and Dubai-headquartered mobility startup SWVL is planning to lay off 32% of its workforce it said in a statement today. The company’s LinkedIn profile shows it has over 1,330 employee

Elon Musk says Starlink has been approved in Nigeria and Mozambique

Elon Musk announced in a tweet on Friday that Starlink, the satellite internet service launched by SpaceX, his space exploration company, has been approved in Nigeria and Mozambique. This news is comi

FlexID gets Algorand funding to offer self-sovereign IDs to Africa’s unbanked

Much of the world’s attention around blockchain is on the highs and lows of cryptocurrency values. Startups like FlexID remind us that distributed ledger technology has the potential to play oth

As the head of Helios’ new VC arm, Wale Ayeni sees value in frontier markets

Wale Ayeni, one of Africa’s well-known investors, has a new role as the head of Helios Digital Ventures, the venture capital strategy of private equity firm Helios Investment Partners, TechCrunch ha

Namibian B2B e-commerce retail platform JABU raises $15M led by Tiger Global

More venture capital keeps trooping into Africa’s B2B e-commerce retail, a space where startups are digitizing informal trade to get thousands of merchants to operate more efficiently. This time, it

Egyptian health and wellness platform Esaal raises $1.7M to scale across MENA

There’s a vast unmet demand for medical consultation in developing markets like Egypt due to low doctor supply. As of 2018, Egypt’s doctor to citizen ratio stood at 1:2,000; you can paint a pictur

Uber hits 1 billion rides in Africa

  Uber today announced a significant milestone — it has completed 1 billion rides across all its markets in Africa. This feat translates to over 10 billion kilometres in terms of distance cover

Sylndr, an online used-car retailer, raises $12.6M pre-seed to disrupt Egypt’s automotive market

Egypt is home to one of Africa’s largest vehicle fleets, with over 6 million cars (80% are passenger cars) on its roads. According to this finding, most are used cars; their ratio to new vehicles is

Kenya-based aquaculture tech Victory Farms nets $5M funding to expand into new markets

Victory Farms, an aquaculture startup and farm for tilapia fish comprising hatcheries, nursery ponds and deep-water cages, has raised $5 million in new funding. The investment was led by Ed Brakeman,

IROKO co-founder Bastian Gotter raises $3.2M seed for new venture, Bamba

In 2010, Bastian Gotter invested up to $200,000 into IROKOtv, an African video-on-demand company Jason Njoku, his friend and co-founder, launched in Lagos, Nigeria. For the next couple of years, Gotte

The e-commerce boom is still afoot in Africa, Jumia’s earnings indicate

Jumia, the pan-African e-commerce company (and sole tech company based on the continent listed on the NYSE), released its first-quarter financial performance today. The company’s results include

Nigeria’s Topship raises $2.5M from Flexport and YC to help merchants with international shipping

African merchants encounter many challenges when it comes to international shipping, ranging from logistics and customs to hidden and excessive charges. Digital freight forwarders on the continent hav

Interswitch receives $110M investment from LeapFrog and Tana Africa Capital

African payments company Interswitch has secured a $110 million joint investment from LeapFrog Investments and Tana Africa Capital to scale its digital payment services across the continent, the two p

MARA raises $23M from Coinbase Ventures and FTX to build Africa’s portal to the crypto economy

The use of cryptocurrency in sub-Saharan Africa, particularly among its young people, cannot be overstated. Data from blockchain intelligence firm Chainalysis says the region’s crypto usage grew

Identitypass, an identity verification API for Africa, raises $2.8M seed funding

  Mobile penetration in Africa is growing impressively at about 46% as more people come online for the very first time. In turn, this has increased the market opportunity for startups, especially
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