africa

These specialized Africa VC funds are welcoming co-investors

For global venture capitalists still on the fence about entering Africa, a first move could be co-investing with a proven fund that’s already working in the region. Africa’s startup scene

African crowdsolving startup Zindi scales 10,000 data scientists

Cape Town based startup Zindi has registered 10,000 data-scientists on its platform that uses AI and machine learning to crowdsolve complex problems in Africa. Founded in 2018, the early-stage venture

After VCs spend millions Nigeria restricts ride-hail motorbike taxis

Nigeria’s commercial hub of Lagos has shaken up its transportation order. At the center are the West African country’s motorcycle taxis — referred to locally as okadas — which face new

Middle East healthcare platform Vezeeta raises $40M Series D led by Gulf Capital

Vezeeta, a healthcare platform operating in the Middle East and Africa, has raised a $40 Million Series D funding round led by UAE-based Gulf Capital, alongside further investment from existing Riyadh

TLcom Capital closes $71M Africa fund with plans to back 12 startups

VC firm TLcom Capital has closed its Tide Africa Fund at $71 million with plans to make up to 12 startup investments over the next 18 months. The group —  with offices in London, Lagos, and Nairobi

Africa Roundup: Trump’s Nigeria ban, Paga’s acquisition and raises, Flutterwave’s $35M and Sendy’s $20M

The first month of the new year saw Africa enter the fray of U.S. politics. The Trump administration announced last week it would halt immigration from Nigeria — Africa’s most populous nation with

Nigeria is becoming Africa’s unofficial tech capital

Africa has one of the world’s fastest growing tech markets and Nigeria is becoming its unofficial capital. The West African nation is commonly associated with negative cliches around corruption

Red teams OK to push ethical limits but not on themselves, study says

Wake up, make breakfast, get the kids to school, drive to work, break into the chief financial officer’s inbox and steal the entire company’s employee tax records. Maybe later you’ll

Trump to halt immigration from Africa’s top tech hub, Nigeria

The Trump administration announced Friday it would halt immigration from Nigeria — Africa’s most populous nation with the continent’s largest economy and leading tech sector. The restric

Kenyan logistics startup Sendy raises $20M round backed by Toyota

Africa’s logistics startup space has gained another multi-million-dollar round with global backing. Kenyan company Sendy — with an on-demand platform that connects clients to drivers and vehic

Trump’s travel ban could extend to Africa’s top tech country, Nigeria

The Trump administration is poised to add several African countries to a U.S. travel ban list, including Africa’s top tech hub, Nigeria. Politico first reported the White House is considering Ta

Opera and the firm short-selling its stock (alleging Africa fintech abuses) weigh in

Internet services company Opera has come under a short-sell assault based on allegations of predatory lending practices by its fintech products in Africa. Hindenburg Research issued a report claiming

Nigeria’s Paga acquires Apposit, confirms Mexico and Ethiopia expansion

Nigerian digital payments startup Paga has acquired Apposit, a software development company based in Ethiopia, for an undisclosed amount. That’s just part of Paga’s news. The Lagos based

Glovo exits the Middle East and drops two LatAm markets in latest food delivery crunch

The new year isn’t even a month old and the food delivery crunch is already taking big bites. Spain’s Glovo has today announced it’s exiting four markets — which it says is par

African fintech firm Flutterwave raises $35M, partners with Worldpay

San Francisco and Lagos-based fintech startup Flutterwave has raised a $35 million Series B round and announced a partnership with Worldpay FIS for payments in Africa. With the funding, Flutterwave

Catalyst Fund gets $15M from JP Morgan, UK Aid to back 30 EM fintech startups

The Catalyst Fund has gained $15 million in new support from JP Morgan and UK Aid and will back 30 fintech startups in Africa, Asia, and Latin America over the next three years. The Boston based accel

What we know (and don’t) about Goldman Sachs’ Africa VC investing

Goldman Sachs is investing in African tech companies. The venerable American investment bank and financial services firm has backed startups from Kenya to Nigeria and taken a significant stake in e-co

Bolt raises €50M in venture debt from the EU to expand its ride-hailing business

Bolt, the billion-dollar startup out of Estonia that’s building a ride-hailing, scooter and food delivery business across Europe and Africa, has picked up a tranche of funding in its bid to take

The electric scooter wars of 2019

Throughout 2019, a number of mobility companies launched in additional markets, while many pulled out of areas that no longer served them. Meanwhile, transportation startups continued to raise more mo

Into Africa: tech leaders weigh in on Jack Dorsey’s planned move to the continent

It’s not every day that the CEO of a large Silicon Valley tech company decides to relocate to a different part of the world in order to learn more about it — particularly when it has been
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