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Sokowatch raises $125M, rebrands to Wasoko

Sokowatch raises $125M, rebrands to Wasoko

Nairobi-based B2B company that connects informal retailers to manufacturers, Sokowatch, has raised $125 million in Series B funding from Tiger Global and Avenir as it rebrands to Wasoko. The company valuation increased to $625...
East African Antler closes $13.5M fund

East African Antler closes $13.5M fund to support early-stage tech startups

Early-stage investor Antler has closed its oversubscribed East Africa investment fund today at US$13.5 million to continue to support early-stage tech startups in the region. The Nairobi office of VC firm and venture builder intended...
6,000 tourists celebrate sun alignment at in Abu Simbel temple

6,000 tourists celebrate sun alignment at Abu Simbel temple

Today, more than 6,000 tourists celebrated sun alignment on King Ramses II in front of Abu Simbel Temple in Aswan. This remarkable phenomenon happens twice every year, on February 22 and October 22, as the...
Jambo Raises $7.5 Million To Create Africa’s Web3 app

Jambo Raises $7.5 Million To Create Africa’s Web3 app

Jambo, a three-month-old company, building a Web 3 super app for Africa, has raised $7.5 million in seed funding from an array of prominent backers in the crypto industry, including Delphi Ventures, Coinbase Ventures,...
Earnpay Raises $4M to Facilitate Access to Salaries in Nigeria

Earnpay raises $4M to facilitate access to salaries in Nigeria

Earnpay, a fintech startup that provides flexible and on-demand salary access, has raised $4 million in seed financing to facilitate the Nigerian employees' salaries. The funding round was led by an early-stage venture capital...
South African API Company Stitch raises $21M in Series A round

South African API startup Stitch raises $21M in series A

Stitch, an API infrastructure company that enables simple, easy access to user financial accounts, has raised $21M in a Series A funding round for its API infrastructure & embedded finance platform. Launched in...
Kwik Delivery hits 100K customers, +400% revenue growth in 2021

Kwik Delivery hits 100K customers, +400% revenue growth in 2021

Kwik Delivery, a Lagos-based delivery startup announces today that its GMV and revenue for 2021 grew by over 400% year on year. The platform also reached 100,000 B2B users. Kwik Delivery is a digital platform...
New administrative Megacity rises-up in Egypt's desert

New administrative Megacity rises-up in Egypt’s desert

The New Administrative Capital's project phase one has been accomplished, planning to be centered on a new administrative megacity that aims to modernize the seat of government for a country of 103 million people in...
Mauritius lifts travel ban from African countries

Mauritius lifts travel ban on Southern African travelers

As of Friday 7 January 2022, the Covid-19 travel ban imposed by the Republic of Mauritius on the Republic of South Africa, Botswana, Namibia, Zimbabwe, Eswatini, Lesotho, Malawi, Mozambique, and Zambia will be lifted...
Vodacom buys 55% stake in Vodafone Egypt

Vodacom buys 55% stake in Vodafone Egypt

South Africa's Vodacom Group Limited has agreed to buy 55% stake in Vodafone Egypt. The deal captures growth in a fast-growing information communications and technology market. Vodacom operates in 7 countries including South Africa, Tanzania,...