Author: Staff Writer

Aruwa Capital Management has invested $2.5 million in Taeillo, a Direct-to-consumer (D2C) tech-enabled furniture manufacturer and retailer. Founded in 2018 by Jumoke Dada, Founder & CEO, Taeillo is a technology-enabled furniture company that locally manufactures and retails mass market and premium Afrocentric furniture and lifestyle products across various product categories,…

Twitter announced that Twitter Blue, its paid subscription service, will relaunch today, 12th December 2022. However it will be at a higher price for Apple users. The relaunch announcement was tweeted by Esther Crawford, twitter’s director of product management. According to her, the paid subscription service will be $8 per…

Over the weekend, ThriveAgric emerged the global winner of #VisaEverywhereInitiative 2022. The Nigerian Agritech startup also won emerged the Visa Direct winner at the event which took place at the Black Box Theatre, in Education City, Qatar. In total, ThriveAgric took home $120,000 in prize money – $100,000 as the…

Distributed Power Africa (DPA), a market leader in innovative solar energy solutions in Africa, announced that it has secured $2.7 million debt facility with Mirova SunFunder to deploy solar energy solutions to commercial and industrial (C&I) customers in Kenya. Mirova SunFunder is a leading impact investor, solving energy access and…

Technology giant Apple has introduced a new feature called Apple Music Sing which allows you sing along to your favourite songs with adjustable vocals and real-time lyrics; more like your very own Karaoke. Apple Music Sing gives users multiple lyric views to help them take the lead, perform duets, sing backup,…

In just five months, Telegram Premium has surpassed one million subscribers, so says CEO and founder Pavel Durov on his Telegram channel. Telegram Premium is a subscription plan (priced at $4.99) that allows anyone to acquire additional features, speed and resources. It also allow users to support Telegram and join…

Airtel Africa has emerged as the sole bidder in Nigeria’s second 5G license auction. According to the Nigerian Communications Commission (NCC), two companies – Airtel and Standard Networks & Connections Limited – applied for the 3.5GHz spectrum, but only Airtel made the initial payment of “intention to bid deposit” required.…

Gridless, an African Bitcoin mining firm announced that it has raised $2 million in a seed round led by venture capital firm, Stillmark and Jack Dorsey’s Block in addition to an angel round led by Factor[e]. The investment is to support the company’s further expansion of bitcoin mines across African markets. …

Kenyan Mukuru Clean Stoves, has been awarded $1.2 million as 2022 Earthshot prize winner. The solution was among five winners chosen for the Prince of Wales’s prestigious Earthshot Prize. Africa’s Roam Motors and Mukuru Clean Stoves were nominated as finalists for the 2022 Earthshot Prize. Prince William announced the winners…

Last month, we reported that Kenya’s eCommerce Startup Sky.Garden would no longer shut down after the CEO, Martin Majlund, announced that the company will continue with new owners and new management. It has now been revealed that the Lipa later Group are the new owners. Though the commercial details have…

Aruwa Capital Management, a Lagos based, female founded and led, growth equity, impact investment company, has successfully closed its first institutional fund, which was oversubscribed, surpassing its target of $20 million. The fund’s first institutional and anchor investor is Visa Foundation, followed by other investors such as Mastercard Foundation Africa…

OneOrder, an Egyptian B2B marketplace that connects restaurants to suppliers, announced that it has raised $3 million in a seed round led by Nclude and returning investor, A15. Other participants in the round include Delivery Hero Ventures, a fund backed by global food delivery giant Delivery Hero. Based on Delivery…

Brito, an Egyptian Kitchen as a Service startup announced that it has raised $1.25 million to invest in its kitchen technology, grow its delivery fleet as well as expand its presence in Cairo. Launched in 2022 by Rania Reda and Mo’nes Sadeq, Brito Cloud Kitchens owns and operates a series…

Ecommerce giant, Jumia, is looking to close its 60-man Dubai office and move all top executives to operate from Africa. This is part of a plan to cut losses and redirect the company after the founders and co-CEOs, Sacha Poignonnec and Jeremy Hodara left the company some weeks ago. According…

Billionaire and CEO of Twitter, Elon Musk, has stated that the micro-blogging site serves 90 billion impressions per day. He made this known via a tweet some days ago, highlighting the growth of the platform after implementing some of his initiatives since his takeover He also added “Just how incredibly…

Swiss Media and Technology powerhouse, Ringier, announced that it has entered into an agreement to acquire all shares in Ringier One Africa Media (ROAM) from its co-shareholder SEEK Ltd. as well as from the two other minority shareholders Jabavu Limited and Ceatonia Limited ROAM is a leading online marketplaces company…

Uncover, a community-built skincare brand based in Kenya, has raised $1 million to expand its operations in Kenya and expand to Nigeria. It will also use the funding to launch more products, invest in its tech and data to produce efficiently and effectively produce, reach and market to its audience.…

Building new relationships could be challenging, especially in the business world where sales teams attempt to sell a product or service. It may not happen within the first few conversations. Still, it will only happen if the salesperson reaches out to potential clients. Among all the various ways of attracting…

Cellulant is ready to start operations in South Africa after months of testing the market. According to the Chief Business Officer Sike Bamisebi in recent interview, the company is looking to tap South Africa’s mature retail ecosystem and is also concluding fundraising efforts for further expansion into the Middle East…

SafeBoda, the Ugandan-headquartered bike-hailing service is leaving Nigeria after about two years of operating in the country. SafeBoda launched in Ibadan, Nigeria in March 2020 with about 100 drivers and bright prospects. It chose Ibadan rather than Lagos to avoid the ban on commercial bike-hailing companies that adversely affected the operations of…