Metro Africa Xpress raises $31m series B funding, plans expansion across Africa and build EVs
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Nigerian-based mobility startup, Metro Africa Xpress Inc (MAX), has secured $31 million in its series B funding round. The mobility tech startup,…
1app Business is live and it's set to solve your payment problems
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1app Business went live yesterday, and the whole team was excited; I would know, I was there. From last-minute testing to the…
MainOne is expanding to more African countries and it’s been acquired by America’s Equinix
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Equinix announced the acquisition of MainOne, worth $320 million, earlier today. The American multinational company specializes in internet connection and data centres….
Anti-counterfeiting startup - Chekkit - raises US$500K in pre-seed funding round
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Chekkit, a Nigerian startup working against counterfeiting, has raised US$500,000 in its pre-seed funding round. The funds, according to the startup, would…
Flutterwave Appoints Silicon Valley's Jimmy Ku to Drive its US Expansion
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In the quest to expand into US market, African payment startup, Flutterwave, has appointed Silicon Valley’s Jimmy Ku as the Head of…
IFC Invests $25m To Help Strengthen the Broadband Structure In Africa
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IFC has announced that it is going to invest in a new fund by Convergence Partners in Africa which is focused on…
Saint-Gobain Partners AfricArena to Launch Innovation Challenge for Fintech Startups in Kenya, South Africa, and Egypt
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Saint-Gobain, in partnership with African tech ecosystem accelerator and deal-flow platform, AfricArena, has launched an Innovation Challenge. The challenge is targeted at…
Hybrid Solar Power Company - Daystar Power - Secures US$20m to Expand its Power Capacity
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Daystar Power, a Nigerian-based hybrid solar power solutions provider, has secured $20m funding from the International Finance Corporation (IFC). The funding, according…