Cathay AfricInvest Innovation Fund
Kenya’s insurtech Turaco maintains 1 billion user target as it raises $10M funding
Insurance penetration in Africa is currently below 3% largely attributable to the slow adoption of innovation in the sector. Many underwriters rely on traditional systems involving agents and lots of…
African genomics startup 54gene lays off 95 as COVID testing business struggles
African genomics startup 54gene has laid off 95 employees, or about 30% of its LinkedIn-sourced 290+ employees. A company’s spokesperson confirmed the news after several sources informed TechCrunch of the…
AfricInvest and Cathay Innovation reach final close of Pan-African fund at €110M
Cathay AfricInvest Innovation Fund (CAIF), a Pan-African fund launched via a partnership between AfricInvest, a multi-asset investment platform in Africa and Cathay Innovation, a European-born but global-focused venture capital firm, has…
Tunisian edtech startup GOMYCODE raises $8M to expand across Africa and the Middle East
Yahya Bouhlel started coding in his early teens. Within this timeline, he interned at several companies in Palo Alto, California. Most of his work revolved around building apps and iPhone…
African genomics startup 54gene raises $25M to expand precision medicine capabilities
Less than 3% of genetic material used in global pharmaceutical research is from Africa. The staggering gap is quite surprising because Africans and people of African descent are reported to…
