Dubai-Based Tumodo Raises $35M In Pre-Seed Funding
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Established in 2023, Tumodo stands out as an innovative online business travel platform, catering specifically to the B2B (business-to-business) segment. The platform…
African eyewear startup, Lapaire, raises $3m to drive expansion across the continent
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Lapaire, an African eyecare startup, has secured $3 million in new funding round to facilitate the expansion of its affordable vision services…
Nigerian Fintech - Cleva - raises $1.5m to offer Dollar accounts across Africa
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Nigerian fintech startup, Cleva, has secured $1.5 million in pre-seed funding to expand its platform, enabling Africans to open U.S. dollar accounts….
Microsoft backs Tech4Dev to create 100,000 jobs for African youths
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Microsoft has partnered with Nigerian social enterprise, Tech4Dev, to help provide employment for 100,000 young Africans over the next seven years through…
African E-commerce rivals - Wasoko and MaxAB - announce merger
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Two leading African e-commerce companies, Wasoko and MaxAB, have agreed to a landmark merger deal aiming to form the largest digital retail…
MTN Partners With Starlink And Others To Improve Network Coverage In Africa
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Telecom giant MTN is actively engaging with satellite providers, including Elon Musk’s Starlink, as part of a strategic initiative to extend its…
Jumia shuts down food delivery operations to focus on core business
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Leading African e-commerce company, Jumia Technologies, is exiting the food delivery business by the end of December across its operating countries. Jumia…
Flutterwave strengthens its executive team with new hires
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African fintech startup, Flutterwave, has hired six executives to strengthen leadership in risk, compliance, and global partnerships as the company rapidly expands….
Understanding the Dynamics: Why Africa's Largest GDP Markets Garner More Investment
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Investment trends across African markets often highlight a notable phenomenon: countries with larger Gross Domestic Products (GDPs), namely Nigeria, Kenya, Egypt, and…