Funding · Africa
Sabou Capital plans investments in 25 African SMEs
Surrayah Ahmed’s Sabou Capital targets technology-enabled small and medium enterprises across Africa.
Category
Startups
Reporting filed under Startups.
Showing 1–20 of 99 articles
Fintech · South Africa
South Africa’s NjiaPay raises $1.3 million to expand payments services
The South African company raised pre-seed funding to build an integrated payments service.
Companies · Kenya · Retrospective
How Gro Intelligence shut down amid financial headwinds
Gro Intelligence’s funding challenges and the events leading to its closure.
Energy & mobility · Ghana · Profile
Inside Kofa’s battery-swapping network in Ghana
A look at the Ghanaian company’s portable batteries and swap-station network.
Energy & mobility · Kenya · Profile
The journey of Mark Mwangi’s Amitruck on rough terrain
A profile of the logistics marketplace and its approach to freight transport in Kenya.
Companies · Nigeria
How Jumia and Jiji responded to Temu’s arrival in Nigeria
The established marketplaces respond to Temu’s discount-led strategy in Nigeria.
Energy & mobility · Kenya
Kenya’s Mobius Motors acquired by Silver Box in rescue deal
Silver Box acquires the Kenyan automaker following its financial crisis.
Fintech · Morocco · Promoted content
ORA Technologies raises $1.9 million for payments and e-commerce
Moroccan investors back the company’s digital wallet and e-commerce expansion.
Funding
Kenya’s Badili Raises $400,000 In Funding To Tackle E-waste
Badili sources for used devices from developed markets, takes them through a thorough refurbishment process, then offers them for sale in Kenya at reduced prices.
Companies · Egypt
Egypt’s Widebot raises $3 million in Saudi-backed funding
The Egyptian startup raised funding to develop Arabic-language AI.
Funding
Finnfund Intensifies Support For South Africa’s Fibertime With €2 Million Follow-on Funding
As it comes off the heels of an initial €2 million investment in 2023, this second tranche of funding will enable Fibertime to spread its tentacles beyond the wealthy suburbs normally served by fibre providers.
FinTech
Egypt’s Fawry Sees Profit Skyrocket By 124%, New Ventures Drive Growth
Like the biblical Goshen, Fawry has remained untouched by Egypt’s economic crisis that saw the nation’s currency devaluate by 40%. It has even thrived in the process.
M&A
Motorola Solutions Acquires RapidDeploy, Aims To Expand Its Portfolio In The Critical Emergency Response
For Motorola Solutions, the addition of RapidDeploy’s cloud-native expertise strengthens its hand in this evolving landscape and reinforces its commitment to providing comprehensive public safety solutions.
Funding
Silicon Badia Backs Journify With $4 Million In Strategic Venture Into Morocco
Journify has also built strategic partnerships with major digital platforms, including TikTok, Google, and Snap, further enhancing its reach and impact.
Energy & mobility · Kenya
BII invests another $4 million in Kenya’s SunCulture
The follow-on investment supports solar irrigation financing and expansion.
Funding
Dabchy Closes Pre-Series A Funding Round To Scale Circular Fashion In MENA
The investment also positions Dabchy for accelerated growth as it seeks to expand its footprint across the region and diversify its product offering.
Funding
Capi Money Secures $17.9 Million To Support Invoice Settlement For African Importers
The funding will enable Capi Money to accelerate its expansion, targeting a substantial portion of the €382 billion import market in sub-Saharan Africa, as estimated by the World Bank.
Funding
Egypt-based SaaS Startup QME Raises $3 Million To Revolutionize Customer Experience in MENA
Qme’s AI-enabled platform tackles inefficiencies in customer queuing and appointment booking. Traditional customer queuing and appointment booking systems bring about long wait times and high no-show rates.
Funding
Egypt-based Taager Secures $6.75 Million To Accelerate Social Commerce Expansion in MENA
Taager was founded in 2019 to provide a platform that will help individuals launch and scale their own online businesses by managing product sourcing, warehousing, shipping, and payment collection.
FinTech
Ghana’s Fintech Startup Affinity Africa Lands $8 Million In Seed Funding To Drive Financial Inclusion
Affinity Africa’s growth figures depict a bullish rise of a 3x year-on-year increase in customer base and a 35% month-on-month rise in savings since the app launch.