South African fraud prevention startup - Orca - raises $550K to tackle cybercrime surge
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As cyber threats escalate across the African continent, a Cape Town-based startup has raised fresh funding to equip financial institutions with advanced…
CcHub launches "Let's Build, Africa!" program to support African startups entering new markets
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In celebration of Africa Day, the Co-creation Hub (CcHub) has announced the launch of its “Let’s Build, Africa!” program, designed to assist…
Paystack leads acquisition of struggling fintech startup, Brass
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Nigeria’s fintech company and payment giant, Paystack, has led an investment consortium to acquire the struggling startup, Brass, for an undisclosed sum….
Africa needs to double spending to $6b to bridge digital divide: IFC
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Africa must significantly ramp up investments in digital infrastructure if it hopes to connect more people and businesses to the internet, according…
Kenyan e-commerce startup - Copia Global - faces shutdown, mass job losses loom
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Kenya’s tech ecosystem took a hit as e-commerce platform, Copia Global, is hovers on the brink of collapse after failing to secure…
Jumia trims losses as cost-cutting efforts bear fruit
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Every company is enthusiastic about financial growth, and this is a moment of thrill for Africa’s e-commerce giant Jumia, as the company…
Innovative Ethiopian startup turns plastic waste into affordable housing solution
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An Ethiopian startup has made a groundbreaking move to tackles two pressing environmental issues simultaneously. The Ethiopian startup, Kubik, has then gone…
Egyptian HRTech startup - bluworks - raises $1m to streamline blue-collar workforce management
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Bluworks, an Egypt-based human resources technology (HRTech) startup, has secured $1 million in its pre-seed funding round. The investment was led by…
Kenyan Insurtech - Pula - raises $20m to expand farmer insurance across Africa
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Pula, a Kenyan insurtech startup, has secured $20 million in Series B funding to scale its innovative offerings to more smallholder farmers….