africa

Zipline’s new $190 million funding means it’s the newest billion dollar contender in the game of drones

With a valuation of over $1 billion and $190 million in new financing, Zipline has become the latest contender to be the leader in the game of drones. The competition to be a leading vendor of deliver

Trump’s Huawei ban ‘wins’ one trade battle, but the US may lose the networking war

While U.S. government officials celebrate what they must consider to be a win in their battle against the low-cost, high-performance networking vendor Huawei and other Chinese hardware manufacturers,

Africa e-tailer Jumia issues post-IPO results amid short-sell assault

For Pan-African e-commerce startup Jumia, going public has been an up and down affair. The company filed SEC IPO docs in March and saw its share rise 70% after listing on the NYSE in April at $14.50.

Chipper Cash convinces Joe Montana to invest in African fintech

The African no-fee, cross-border payment startup Chipper Cash has raised a $2.4 million seed round led by Deciens Capital. The payments company also persuaded 500 Startups and Liquid 2 Ventures — co

Thunes raises $10M to make financial services more accessible in emerging markets

Cross-border fintech continues to be an area of interest for venture capitalists. The latest deal sees GGV Capital — the U.S-China firm that’s backed Xiaomi, Airbnb, Square and others &#82

WorldCover raises $6M round for emerging markets’ climate insurance

WorldCover, a New York and Africa-based climate insurance provider to smallholder farmers, has raised a $6 million Series A round led by MS&AD Ventures. Y Combinator, Western Technology Investment

Africa Roundup: Jumia’s IPO, DHL launches Africa e-Shop, Cathay’s $168M VC fund, ConnectMed acquired

The biggest news in a month of weighty African headlines was Jumia listing on the New York Stock Exchange. After filing SEC IPO docs in March, the Pan-African e-commerce company’s shares began tradi

Nigerian startup Tizeti launches WifiCall.ng IP voice call service

Nigeria based startup Tizeti, an internet service provider, today launched WifiCall.ng—an internet voice-calling platform for individuals and businesses. WifiCall is a VoIP—or Voice over Internet

Drone delivery startup Zipline launches UAV medical program in Ghana

Zipline, the San Francisco-based UAV manufacturer and logistics services provider, has launched a program in Ghana today for drone delivery of medical supplies. Working with the Ghanaian government, Z

Acquisitions, more than IPOs, will create Africa’s early startup successes

Africa has made its global IPO debut. Pan-African e-commerce company Jumia—a $1 billion-valued company—began trading live on the NYSE last week. The stock offering made Jumia the first upstart ope

If you watch one celebrity-filled, anally obsessed charity video before Earth Day, make it this one

Lil Dicky, the white comedy rapper with questionable taste but an impressive rolodex, has come up with a millennial’s Earth Day answer to the 80s celebrity-studded, charity hit “We are the

Amazon China to close local marketplace and place more focus on cross-border

Amazon has finally given up the fight with Chinese online shopping giants to capture the domestic market. On Thursday, the Seattle-based e-commerce company announced it will shut down its marketplace

Startups Weekly: Lessons from a failed founder

In this week's startups newsletter: Uber files its S-1, Defy Partners nabs $262M and the Vision Fund backs a travel business.

African e-commerce startup Jumia’s shares open at $14.50 in NYSE IPO

Pan-African e-commerce company Jumia listed on the New York Stock Exchange today, with shares beginning trading at $14.50 under ticker symbol JMIA. This comes four weeks after CEO Sacha Poignonnec c

DHL launches Africa eShop app for global retailers to sell into Africa

DHL is launching an e-commerce app called DHL Africa eShop for global retailers to sell goods to Africa’s consumers markets. The platform goes live today and brings more than 200 U.S. and U.K. retai

Cathay Innovation and AfricInvest to raise $168M Africa VC fund

Tunisia-based private equity firm Africinvest has teamed up with Cathay Innovation — the venture sub of Paris-based private equity firm Cathay Capital — to launch a new Africa tech fund wi

Partnering with Visa, emerging market lender Branch International raises $170 million

The San Francisco-based startup Branch International, which makes small personal loans in emerging markets, has raised $170 million and announced a partnership with Visa to offer virtual, pre-paid de

Boomplay, a Spotify-style music and video streaming service for African music and Africa, raises $20M

While Spotify dukes it out with Apple and other big tech names to target high-end users in mostly developed markets, a startup out of China has raised some money to expand its music streaming business

Africa Roundup: Jumia files for IPO, OneFi acquires Amplify, FlexClub expands in Mexico

Less than a decade ago IPOs, acquisitions and global expansion by African startups were more possibility than reality. March saw all three from the continent’s tech scene. Pan-African e-commerce com

Dakar Network Angels begins startup investments in francophone Africa

The Dakar Network Angels group launched this month, making its first investment in francophone Africa to cleantech venture Coliba. The Ivorian startup — which uses a mobile app to coordinate waste r
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