Terminal Africa has teamed up with Octamile to launch insurance covers for delivery with Octamile’s embedded insurance infrastructure. Terminal Africa was founded by brothers Nnamdi & Udi Okoh. The two initially ventured into entrepreneurship by developing websites for African SMEs, eventually leading them to create Terminal, a digital logistics platform.…
Author: Oluwasegun Olukotun
British International Investment (BII), the UK’s development finance institution and impact investor, and African Guarantee Fund (AGF), a leading Pan African guarantee provider, have today announced their partnership of a $75 million re-guarantee agreement for Small and Medium Enterprises (SMEs) across Africa. Through this facility, AGF and BII will provide…
Fintech enabler, Ukheshe International has announced the conclusion of an investment agreement that will help accelerate its international expansion. The investment will be led by ADP III, a fund advised by Development Partners International (DPI), a premier, Africa-focused investment firm with $3bn in assets under management and co-investment, alongside funds…
Meta today announced it is introducing avatars to WhatsApp as a new and personalized way for its users to express themselves. The avatar is a digital version of users that can be created from billions of combinations of diverse hairstyles, facial features and outfits. On WhatsApp, users can now use…
FedEx Express (FedEx), a subsidiary of FedEx Corp. and the world’s largest express transportation company, has announced that it has established a direct commercial presence in Nigeria, to meet the country’s growing international shipping demands. With a direct presence in the country, businesses and customers in Nigeria now have greater…
VENCO, a technology company that provides solutions to enhance living experiences in residential and commercial communities in Africa, has secured $670,000 in an oversubscribed pre-seed funding round to scale its all-in-one technology platform that manages collections, service charge administration, utilities vending, visitor access and other services associated with multi-unit property…
InfraCo Africa, part of the Private Infrastructure Development Group (PIDG), has signed an agreement committing $2 million to scale the offering of Mobility for Africa, an electric mobility company delivering affordable, cargo-carrying e-tricycles and solar-powered battery charging solutions for underserved communities in rural Zimbabwe. Mobility for Africa’s Director and CEO,…
Solar kit provider Sun King has received a $10 million investment from Proparco, the subsidiary of the French Development Agency (AFD) group to expand its operations in Sub-Saharan Africa. Proparco is financing Sun King through a green bond issued by Symbiotics Investments, an emerging market access platform based in Geneva,…
Egypt’s logistics platform SIDEUP has raised $1.2 million Seed round. The round saw participation from leading global and regional investors in early-stage growth startups, including Launch Africa VC, 500 Global, Riyadh Angels, Alex Angels, Al Tuwaijri Fund and Saudi angel investor Faisal AlAbdulsalam. Launched in 2019, SIDEUP empowers e-commerce business owners…
The Sustainable Energy Fund for Africa has secured $64 million in grant funding from the Norwegian Agency for Development Cooperation (NORAD) and the Global Energy Alliance for People and Planet(link is external) (GEAPP). Managed by the African Development Bank, SEFA provides concessional finance to unlock private sector investments in renewable…
Africa’s fintech software provider Appzone has rebranded to Zone, a regulated blockchain Payment Infrastructure company. By building Africa’s first layer-1 blockchain network, Zone will enable payments and the acceptance of digital currencies for Financial Service Providers globally. Zone’s regulated blockchain network enables direct transaction flow between financial service providers without…
Meta has Unveiled ‘#FlexNaija’ in Nigeria, a 360-degree campaign focused on the metaverse and entry points for creators in Nigeria, and across the region, including Meta Spark Augmented Reality (AR), Digital Collectibles (NFTs), and Avatars. First rolled out over the summer, “#FlexNaija”, included an incubation program which brought together leading…
US-based venture capital firm 500 Global is set to open an office in Egypt and has already partnered with Information Technology Industry Development Agency (ITIDA) to launch a range of investment and startup-focused support programmes. 500 Global is one of the world’s most active venture capital firms and will be…
Liquid Intelligent Technologies, a business of Cassava Technologies, a pan-African technology group has launched operations in Nigeria. Liquid is a one-stop shop technology company offering high-speed connectivity, cloud and cyber security services with unmatched resilience and scalability, its entry into Nigeria will give new impetus to the country and region’s…
Climate TechVenture Capital firm Satgana has secured the first closing of a target € 30 million VC fund to back the next generation of purpose-driven entrepreneurs building the Future of Earth. Satgana, which means “a good company” in Sanskrit, invests up to €500K at the pre-seed & seed stages across…
Solarise Africa, a pan -African Energy-as-a-Service company that provides reliable and affordable decentralised energy solutions for businesses in Africa has raised $33.4 million in Africa’s largest C&I debt raise to date. Through close collaboration with its partners, the company offers innovative full-service solutions that cover designing, building, financing, and maintaining…
BioLite, a manufacturer of solar home systems has received $5.3 million in investment from Mirova SunFunder as part of the expansion of their partnership. The $5.3 million investment will provide debt financing for BioLite’s increased working capital requirements, a product of its rapid expansion in Sub-Saharan Africa. The two entities…
Nigerian fintech startup Pivo has secured $2 million in a seed found with participation from Precursor Ventures, Vested World, Y Combinator, FoundersX and existing investor, Mercy Corp Ventures. Launched in 2021 by Nkiru Amadi-Emina and Ijeoma Akwiwu, Pivo is driven by the mission to make it easy for supply chain SMEs to…
Ramani, the African software company building a cloud network of micro-distribution centres for Africa’s $1 Trillion consumer-packaged goods supply chain has secured $32 million in a series A round of equity & debt round led by renowned global technology investors Flexcap Ventures and revered founder/CEO of Infoscout, Jared Schreiber. Founded…
Cryptocurrency exchange, Kucoin has launched the World Cup Winner Prediction tournament with a grand prize of $30,000 and special Neymar swags. 1. How to Participate You need to download the KuCoin Wallet App to participate in this event. To ensure the ideal event experience, upgrade your App to the latest…