The IFC launches $225m to support early-stage businesses in Africa
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The International Finance Corporation (IFC), a global development institution focused on businesses in developing countries, has announced its plan to help support…
Algerian startup - Yassir - raises $150m; plans African expansion
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Yassir, an Algerian startup based in San Francisco, USA, has raised $150 million in its series B fundraising round. The startup, which…
Proptech startup - SmallSmall - secures $3m to improve property management in Nigeria
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One of the biggest challenges plaguing Nigeria has been the issue of housing deficit. This becomes more problematic with the economic situation…
Egyptian fintech startup, Money Fellows, raises $31 million in series B funding
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Mellow Fellows, a fintech company based in Egypt, has completed the first stage of its series B funding round, raising $31 million….
Central Bank of Eswatini moves to introduce digital currency
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As the list of countries with digital currency increases, the Kingdom of Eswatini (formerly known as Swaziland) has said that it is…
Social commerce startup - Bumpa - raises $4 million to upscale its offerings
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Bumpa, a social commerce startup based in Lagos Nigeria, has raised $4 million in its seed funding round. The fundraising round had…
Egypt's MaxAB raises $40 million in its pre-series B funding round
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Egyptian B2B e-commerce and distribution platform, MaxAB, has raised $40 million in its pre-series B funding round. MaxAB said there are about…
Nigerian health-tech startup - Lifestores Healthcare - plans AI-driven predictive ordering; raises $3m
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Lifestores Healthcare, a Nigerian health-tech startup, has raised $3 million in its pre-series A funding round. The round had leading participations from…
Egyptian startup - Flapkap - raises $3.6 million; plans financing for small businesses
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Flapkap, a fintech startup based in Egypt, has raised $3.6 million in seed funding from investors such as QED, Nclude, A15, and…