Norrsken22 closes $205M fund for African startups as growth-stage investments surge
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Norrsken22, an Africa-focused Venture Capital firm, has successfully closed its funding round at $205 million, surpassing its initial target by $5 million….
Kenyan Startup -Sukhiba Connect - Raises $1.5 Million for WhatsApp-based E-commerce Expansion in Africa
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Sukhiba Connect, a Kenyan social commerce startup, has secured $1.5 million in a funding round to drive its expansion beyond Kenya’s borders….
Fintech firm - Kippa - to discontinue KippaPay in profitability shift
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Kippa, a Nigerian fintech startup, has announced that it is discontinuing its offline payment product, KippaPay. The company is also laying off…
Nigerian Logistics Startup - TruQ - Wins TC Startup Battlefield Competition
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TruQ, a Nigerian logistics startup, has won the TC Startup Battlefield competition. The startup, which operates by streamlining mid-mile logistics in Africa,…
New York-Based Company Acquires Nigerian-Owned AI Startup CoverAI In Whooping Figure Deal
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Let me begin by saying that Africa is not lagging in technological advancements as it is been projected. However, I believe soon,…
Fintech giant - Interswitch - Partners Google Pay to Boost Digital Payments in Nigeria
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Interswitch, Africa’s leading integrated payments and digital commerce company, has recently introduced a groundbreaking feature: Google Pay support on its payment gateway,…
Kenyan logistics startup - Sendy - faces administration amidst economic challenges
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Sendy, a prominent Kenyan logistics startup founded in 2014, has taken the path of administration to mitigate financial distress and devise a…
Tony Elumelu Foundation partners UNICEF's GenU and IKEA Foundation to launch Green Entrepreneurship Programme
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In a collective effort to address pressing environmental challenges and pave the way for sustainable economic growth, The Tony Elumelu Foundation (TEF),…
Tunisian startup - SeekMake - secures €500k Investment to scale its Global Expansion
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Tunisian construction technology startup, SeekMake, has secured a substantial investment of 500,000 euros (approximately US$539,000) in a funding round led by European…