Morocco-based B2B e-commerce and fintech startup Chari has acquired Diago, an Ivorian app that connects local shops to FMCG producers and importers. This marks Chari’s third acquisition to date. Chari acquired Axa Credit, the credit brand of Axa Assurance Maroc back in March, and acquired fintech app Karny.ma in August…
Author: AdeO
OPPO has launched the 4th edition of its OPPO Renovators Emerging Artists Project, inviting professional creatives, as well as students and professors at art and design institutes around the world, to submit interdisciplinary artwork that explores the fusion of art and tech. OPPO Renovators builds upon OPPO’s latest brand proposition…
Netflix has pledged to improve local access to and quality of streaming services for over 100M people. The streaming service, a member of the P2C Digital Coalition, hopes to achieve this by forging a partnership with neutral internet exchange points and data centers to deploy content caching servers in Least Developed…
TikTok has launched a new feature TikTok Avatars to enable members of its community to continue with creative expression and to help them showcase their individuality on the platform. Users can now choose from an array of hairstyles, accessories, piercings and makeup, to create a TikTok Avatar that reflects their…
African Export Import Bank (Afreximbank) has announced the disbursement of a US$300 million Intra-African Investment Financing Facility to Titan Trust Bank (TTB) to support its acquisition of a majority stake in Union Bank Plc, Nigeria (UBN). The deal will enhance the competitive dynamics of the Nigerian banking sector, while maintaining…
A new report by Endeavor Nigeria has revealed that Africa’s technology ecosystem is set for a period of exponential growth, accelerated by strong market fundamentals and the impact of the COVID-19 pandemic. The report titled “The Inflection Point: Africa’s Digital Economy Is Poised To Take Off”, reviewed key events in…
FIFA in April launched FIFA+, a digital platform to connect football fans across the globe with the game they love. The platform has now been upgraded to enable more access to global fans with the addition of four languages to its user experience. The following languages: Japanese, Korean, Italian, and…
Tizeti Network Limited, West Africa’s pioneer solar-based internet service provider has today, announced the appointment of Emmanuel Ikazoboh as its Board Chairman. Emmanuel Ikazoboh is the immediate past Group Chairman of Ecobank Transnational Incorporated (ETI), Chairman of ARM Pensions Managers Limited (Pensions Fund Administrators), and is the International Vice Chairman…
In a bid to support the growth of South Africa’s automotive sector, IFC has partnered with the National Association of Automotive Component and Allied Manufacturers (NAACAM) to develop a database to help local parts makers more easily meet the procurement needs of global car manufacturers. Through the partnership, IFC will…
ShopEX, a multi-channel retail business based in Nigeria and exclusive distributors of some of the world’s most successful ‘As Seen On TV’ products has raised a pre seed funding of $400,000 from Cape Town venture capital firm, HAVAÍC. The investment forms part of a US$635,000 convertible notes round alongside existing…
Morocco-based fintech and rewards startup WafR has raised $455,000 in a round led by Launch Africa Ventures, First Circle Capital, WeLoveBuzz, with participation from a group of angel investors. This marks WafR’s third round of funding this year, taking the total funds raised to date to $1.08 million. In April,…
Nigeria’s Indicina, focused on building API-driven credit infrastructure for Africa has raised $3 million in a seed fund round led by Target Global with participation from Greycroft and RV Ventures. Ricardo Schaefer, Partner at Target Global will also join the board. The startup will deploy the fund to accelerate its…
Enko Education has raised a $5.8 million Series B round led by Adiwale Partners and followed by the Steyn Capital family office, existing institutional investors Proparco, Investisseurs et Partenaires, and Liquid Africa, as well as prominent figures in international education and entrepreneurship in Africa. This Series B round, which closed…
Egypt-based biotechnology startup Natrify has raised a six-figure pre-Seed round from Ambo ventures, a recently launched, sustainability-focused $50 million VC fund focused on investing in startups based in Africa. The startup aims to prevent plastic waste and help achieve a negative green premium for all businesses. Natrify’s mission is to…
USAID Trade Hub armed with a $1.2 million co-investment grant has partnered with ShEquity an investment firm that promotes women’s entrepreneurship in Africa to invest in and support more than 100 high-potential women-owned or led businesses. According to Pauline Koelbl, Founder and Managing Director of ShEquity, women entrepreneurs are integral…
Grey (formerly Aboki Fx) has partnered with Cellulant to expand its services into East Africa, kicking off with Kenya to address the difficulties of sending & receiving money abroad. Grey, a Y-combinator backed fintech startup, offers a unique international money transfer service that enables its users to send and receive…
54gene, the health technology company advancing African genomics research for improved global health outcomes, has partnered on a new Senegal research study SEN-GENOME, which will establish a full genomic database of the Senegalese population. Under the purview of the Ministry of Higher Education and Innovation of Senegal, a Memorandum of…
Egypt-based on-demand delivery startup Gooo Delivery has closed a pre-Seed round. The amount raised was not disclosed. Founded in 2020 by Yasser Hassan, Gooo offers point-to-point delivery services through an app that enables users to order food, medication, and groceries in several cities in Egypt including Cairo, Giza and Tanta.…
Tunisia-based VC firm 216 Capital Ventures has raised $9.6 million in the first tranche of its 216 Capital Fund, of which $6.4 million was secured from Smart Capital’s ANAVA fund of funds. The fund will target investments in local early-stage startups in Tunisia with an average ticket size of $107,000.…
Morocco-based SaaS startup Cloudfret has raised a $1 million round, led by Plug and Play, PRC Ventures ICAV, Azur Innovation Fund, AfriMobility, and angel investor Khalid Zitouni. The new capital injection pushes the startup’s valuation to $20 million. Founded in 2021 by Driss Jabar, CloudFret connects shippers to a large…