Editor’s Be aware
- Week 05, 2023
- Learn time: 5 minutes
This week, Amazon launches in Nigeria, whereas Elon Musk brings his web service Starlink to the nation. In different information, whereas MTN Nigeria introduced revenues of ₦2 trillion (a quantity that pretty boggles the thoughts), Gokada remains to be battling empty pockets and Jumia hits a surprising low.
Dive in for extra tales from the tech ecosystem are on this week’s version of TC Weekender.
Pamela Tetteh Editor, TechCabal.
Editor’s Picks
The State of Tech in Africa Report
Know-how in Africa is rising at an unprecedented charge and we would like you to have a chook’s eye view of it. The State of Tech in Africa report has launched.
You possibly can obtain it here.
Who introduced the cash this week?
- This week, Egyptian fintech firm MNT-Halan received $340 million in fairness & debt funding from Chimera Abu Dhabi and Business Worldwide Financial institution (CIB).
- South African fintech Lulalend raised $35 million in a Sequence B funding spherical led by Lightrock and with participation from DEG, Triodos Funding Administration, Girls’s World Banking Asset Administration, IFC, and Quona Capital.
- Commerce Lenda, a Lagos-based fintech startup, secured $520,000 in a pre-seed funding spherical from Africa-focused traders, together with Sovereign Capital, ARM Labs, and Professional Dojo, in addition to Nigeria-based angel traders.
- Three African agritech startups, ThriveAgric from Nigeria, DigicCow from Kenya, and Brastorne Enterprises from Botswana, received the 2022 AYuTe Africa Problem securing $1.5 million in grant funding.
Guess the phrase: A billion-dollar horse
Guess the phrase. Trace: It’s a billion-dollar horse, a 7-letter phrase and you’ve got 6 probabilities to guess it accurately. Play! Don’t overlook to share your play with me on social media!