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Currently, only about 30% of Africans have access to the internet and digital skills. With the world now being a digital village, this low number translates to low productivity and reduced growth capacity for small…
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As COVID-19 cases surged, national lockdowns got stricter, businesses cratered, and more people pivoted to online shopping in 2020, Taeillo, like many other digital-first businesses, thrived. But the Nigerian furniture company’s successes amid the pandemic…
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Float, a Ghanaian cash flow and spend management platform, has completed a full acquisition of Accounteer, a Nigerian subscription-based cloud-based accounting service that combines bookkeeping, tax prep, and financial advisory services all in one platform…
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Tosin Eniolorunda Source: TeamApt QED Investors, one of the world’s largest venture capital (VC) funds with over 312 investments in the global fintech space, has made its first investment in the African fintech sector. Founded…
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South African logistics startup Droppa has announced that it has closed a Series A funding round led by logistics company SkyNet Worldwide Express. The deal amount was not disclosed. SkyNet had previously partnered with in…
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South African AI-as-a-Service (AIaaS) startup DataProphet has announced the completion of its $10 million Series A funding round which started in 2020 with a $6 million round led by IDC and Norican. This latest round…
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One of the things we learned from the last year’s Twitter ban is that Nigeria has the ability to tell global companies what to do when it comes to who should access their platforms. In…
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One of Africa’s largest telecom groups Airtel Group just announced the signing of a $125 million revolving credit facility with investment banking group Citigroup Inc through its branch offices/subsidiaries in sub-Saharan Africa. What does Airtel…
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Cape Town-based accelerator Grindstone has announced the 25 companies who will embark on its year-long programme which assists high-growth, innovation-driven tech start-ups to become more investable, sustainable and exit-ready. The programme, which provides startups access…
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Owen Sakawa Source: Medium Flo by Saada, a Kenyan social commerce startup founded by Gerishon Mwaniki, has been acquired by Elloe, a conversational e-commerce startup, for an undisclosed fee. The newly acquired social commerce startup…
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In May 2022, after over a year of the tech stock market bull run and record billion-dollar investments raised by startups across the globe, the effects of the global economic downturn started to trickle in.…
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According to several tech experts, licensing is the bane of tech innovations in Africa. Numerous tech firms, especially fintechs, have had to grapple with the pains of having their business activities suspended due to licensing…
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