Yield Fund and FCA Investments have announced an undisclosed co-investment into Uganda meat processor Sausage King. The new addition is the eleventh investment of the Yield Fund into Uganda’s agriculture sector. Sausage King is specialized in value-addition and the processing of poultry, beef, and pork transforming them into premium meat products. Among the products by […] More
9 innovative startups have publicly launched at the Fall 2021 Demo Day in Cairo, the first in-person demo day since the Covid-19 pandemic broke out on November 24th at the Nile Ritz-Carlton hotel. The startups graduating from the 17th cycle of the Cairo Seed Program will look to present new products and services to different […] More
Leading MENA online food and grocery delivery technology platform Talabat has appointed Mohamed Sekkina as the General Manager for Talabat Mart Egypt. Sekkina now has a proven track record of experience that has enabled him to lead the company’s launch in Oman and Egypt in 2020 – including the head of business operations in the […] More
US and Nigeria-based startup TradeDepot has completed a $110 million equity and debt Serie B funding round. This investment was led by IFC alongside Sahel Capital, Novastar, Endeavor Catalyst, CDC Group, and other existing investors. Partech and MSA Capital also took part in the round. Arcadia Funds led the debt funding part that is linked […] More
We are thrilled to announce that we have raised R81 million in Series A growth funding from Base Capital! 🥳 We can’t wait to invest more in our community and continue to help developers find meaningful work!🚀 https://t.co/R06W3yJg7s
— OfferZen (@OfferZen) December 1, 2021
South Africa talent marketplace OfferZen has completed a $5.1 million Series A led by South Africa investment company Base Capital. This is its first funding round since its formation in 2015. OfferZen was co-founded by Philip Joubert, Malan Joubert, and Brett Jones. In April 2020, the company expanded to the Netherlands after acquiring Amsterdam-based recruitment […] More
Flex Finance, a Nigeria fintech startup has raised a six-figure pre-seed round. On Linkedin, Flex Finance describes itself as an app that helps free business owners and Africans with the stress of spending management. Through the Flex platform, businesses can digitize their daily operations through a simple and accessible solution. The round drew participation from Sahil Lavingia […] More
South Africa’s DKN Transport has secured investment funding from The Engen Convoy Fund. This private-owned company meets the level 1 B-BBEE criteria and comprises 30% black/female shareholding. The funding will go towards unlocking additional market opportunities. DKN Transport is headquartered in Johannesburg since 2004 and provides road freight logistics solutions across several industries across national […] More
We are proud to announce that we have partnered up with Jumia ! This facilitates an opportunity for a new breed of riders to operate with clean mobility and make more money while reducing the cost of delivery for consumers on the last mile!@JumiaKenya #HustleYanguNieBee pic.twitter.com/XBxQhABAEl
— eBee.africa (@eBee_Africa) December 1, 2021
Africa e-commerce giant Jumia Kenya has partnered with eBee Africa to rollout electric bicycle deliveries across Nairobi. eBee is a Kenyan startup established in 2020 offering subscription-based electric bikes. The partnership reduces customer delivery fees while offering riders higher incomes. This partly owes to the fact that e-bicycles don’t consume fuel and have low maintenance […] More
Egypt’s ICT Minister of Communications and Information Technology Amr Talaat through a videoconference announced the results of the third and final edition of the African App Launchpad (AAL) Cup 2021 competition by ITIDA and implemented by TIEC and IBM. The African App Launchpad initiative was launched in November 2018 by President Abdel Fattah Al-Sisi during the […] More
Deep Dive Africa returns for a second year bringing new ecosystem players. The Impact Hub and Growth Africa Foundation-powered initiative connects early-stage investors to African startups and is funded by Make-IT in Africa project implemented by GmbH for the Federal Ministry for Economic Cooperation and Development (BMZ). For this year’s edition, Deep Dive Africa focuses […] More
The impact-focussed Vumela Fund established by FNB Business and Edge Growth has made an investment in Kusini Water – a cleantech enterprise that provides clean drinking water for the local communities and corporates. Kusini water manufacturers mobile solar-powered water purification systems with materials fully derived from macadamia nut shells and nanotechnology that are locally sourced. The investment […] More
A Cairo-based cloud-based Inspection Management Software beXel.io has raised a six-figure investment round led by JH Investments Ltd alongside follow-on funding from Flat6Labs, UI Investments, and Saudi Angel Investors. beXel, a SaaS digital cloud-based inspection management software, was founded in 2019 by brothers Ayman Abou Regeila, Ahmed Hussein, and Mahmoud Latif. The company’s inspection management […] More
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