senegal

After selling their hospitality tech startup, Teranga, in 2018, Senegalese brothers Moustapha and Alioune Ndoye ventured into the trucking business as they pondered their next move. However, it soon became…

Senegal’s logistics tech startup Chargel raises $2.5M seed funding

Ivorian payments-led fintech startup Julaya has extended its pre-Series A round by $5 million. The company, which facilitates B2B payments for businesses in Francophone West Africa, mainly via mobile money…

Ivorian fintech Julaya gets $5M to become banking partner for businesses in Francophone Africa

HotelOnline, a Kenya-based Yanolja-backed travel technology scale-up that fashions itself as an e-commerce and digital marketing enabler in the hospitality industry, has acquired HotelPlus, a software provider with clients in…

Kenya’s HotelOnline acquires hospitality software company HotelPlus

Wave, an African fintech that offers mobile money services in Senegal and Ivory Coast, laid off about 15% of its workforce last month. TechCrunch first got a whiff of the…

Wave, a Stripe-backed African fintech valued at $1.7 billion, cut 15% of its staff in June

Automotive e-commerce company Autochek has expanded to new markets in Africa after acquiring CoinAfrique, a classified ad marketplace, nearly two months after the Nigerian startup acquired Moroccan auto marketplace KIFAL…

Autochek acquires CoinAfrique to grow its footprint in Francophone Africa

Just in time for VidCon, TikTok has a new most followed creator on the platform: Khaby Lame, a 22-year-old from Senegal who rose to fame by stitching and dueting other…

Khaby Lame dethrones Charli D’Amelio as the most-followed TikTok creator

On stage at VidCon, Snap announced its first accelerator program for emerging Black creators. Over the course of a year, Snap will pay 25 selected applicants $10,000 a month ($120,000…

Snap will pay 25 Black creators $120k in a new accelerator program

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…

Tunisian edtech startup GOMYCODE raises $8M to expand across Africa and the Middle East

About 80% of household retail in sub-Saharan Africa is delivered through informal channels, which perennially face several challenges like stockouts, leading to an instability in earnings and a lack of…

Betastore gets $2.5M to solve stockouts, financing challenges for informal retailers in West and Central Africa

Startup pitches with promises to provide various services to Africans — across different sectors — are commonplace now. And in trying to sweet-talk investors, what’s not taken into context or…

Norebase raises $1M to allow companies start, scale, and operate in any African country

Informal retail is king in Africa, with hundreds of billions of dollars of consumer goods sold through its channels yearly. Yet its industry remains highly fragmented as shop owners and…

Sokowatch rebrands to Wasoko as it raises $125M Series B from Tiger Global and Avenir

In 2018, Y Combinator released its first mega list of the top companies valued at $150 million or more that have gone through the accelerator. Over the past four years, it’s…

The latest list of YC-backed companies worth over $150M is the most geographically diverse yet

Ten game development studios in Africa have come together under one umbrella, the Pan Africa Gaming Group (PAGG), in an effort to unify the continent’s gaming sector, which is currently…

Game studios come together to grow industry in Africa

Last year was record-breaking for African startups. I know I’m probably starting to sound like a broken record, but the astronomical growth is worth highlighting again and again. In this…

Reports say African startups raised record-smashing $4.3B to $5B in 2021

Multinationals like Amazon and Alibaba have leveraged logistics infrastructure such as UPS and FedEx to create large businesses. It’s not the same in Africa, where few third-party infrastructure players exist…

Senegalese logistics and delivery company PAPS raises $4.5M led by 4DX Ventures and Orange

Cross-border remittances — when people living and working abroad send money back home to friends and family — continues to be a huge part of how those living in developing…

Taptap Send raises $65M to build cross-border remittances focused on the most underserved markets

Equinix announced today that it is acquiring MainOne, a West African data center and connectivity solutions provider with a presence in Nigeria, Ghana and the Ivory Coast, for $320 million.…

Equinix is acquiring Nigeria’s MainOne for $320M as it expands into Africa

Gozem, a super app that provides a host of services — including transport, e-commerce and financial services in Francophone Africa — has raised $5 million in Series A financing, the…

Francophone African super app Gozem grabs $5M to expand and offer more services

The world’s food supply must double by the year 2050 to meet the demands of a growing population, according to a report from the United Nations. And as pressure mounts…

SunCulture wants to turn Africa into the world’s next bread basket, one solar water pump at a time

Featured Article

African countries need ‘startup acts’ more than ever to support innovation

As the fallout from COVID-19 continues to grip Africa’s major economies, the tech ventures in those countries need state support.

2:30 am PDT • May 19, 2020
African countries need ‘startup acts’ more than ever to support innovation

Senegalese startup NIMA Codes — a digital mapping service for locations without formal addresses — has upgraded its app and plans to go live in 15 African countries in 2020.…

Senegal’s NIMA Codes to launch address app in 15 African countries

Nigerian fintech firm Carbon — an early-stage financial services startup based in Lagos — has posted on its website financials audited by KPMG. This comes four months after the company…

Why this Nigerian fintech startup is volunteering audited financials

Competition in Africa’s two-wheel ride-hail market is accelerating. Nigerian motorcycle transit startup MAX.ng was the latest startup to add funding, raising a $7 million funding round in June with participation…

Africa Roundup: Yamaha backs MAX, Founders Factory and Norrsken support startups, inside Ethiopia’s tech scene

Jumia held its first post-IPO earnings call and weathered a short-sell assault in May, with Wall Street showing confidence in the Pan-African e-commerce company. On the numbers, key takeaways were…

Africa Roundup: Jumia’s post-IPO earnings, Gokada’s $5.3M raise, Facebook’s fake-news purge, Joe Montana’s fintech investment

Facebook last week purged a network of hundreds of pages, groups and Instagram accounts it labeled as producing “coordinated inauthentic behavior” toward Africa. The activity originated in Israel and was…

Facebook’s latest account purge exposes Africa’s misinformation problem

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…

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

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 company…

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

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…

Dakar Network Angels begins startup investments in francophone Africa

Lagos based online lending startup OneFi is buying Nigerian payment solutions company Amplify for an undisclosed amount. OneFi will take over Amplify’s IP, team, and client network of over 1000…

Nigerian fintech startup OneFi acquires payment company Amplify

B2B e-commerce company Sokowatch closed a $2 million seed investment led by 4DX Ventures. Others to join the round were Village Global, Lynett Capital, Golden Palm Investments and Outlierz  Ventures.

MallforAfrica goes global, Kobo360 and Sokowatch raise VC, France explains its $76M fund