StartupNews Africa
News on the companies, capital and people shaping African technology, in publication order.
Showing 61–80 of 159 articles
Funding
The $1 million loan to Ilara Health is part of a larger portfolio of 22 transactions approved by DFC in the first quarter of FY2025, amounting to nearly $3 billion.
Funding
The company says it is committed to social impact, focusing on recruitment and training of local “washmen” and establishing a “Washminute Academy” to provide upskilling opportunities for employees and partners.
Funding
“We prioritize curating accommodations that not only offer exceptional travel experiences but also contribute to environmental conservation and uplift local communities,” said Lara Dendy Young, CEO and co-founder of Conservio.
Funding
With this latest funding round, Sistema.bio has raised a total of $18.5 million in 2024. The funds will be used for regional expansion, product development, and supporting the company’s anticipated Series C funding round
M&A
With the acquisition of Kashat, Raseedi will be able to offer cash loans of up to EGP 3,000 (approximately $95) to small business owners and sole proprietors, an amount that will be scheduled for disbursement within five minutes
Funding
Having onboarded over 50 B2B customers and forged partnerships with the United Nations and Microsoft, TACo seems to be gaining significant traction.
Funding
At the moment, LemFi operates across 27 send-from markets and 20 send-to countries, including Nigeria, Kenya, India, China, and Pakistan.
M&A
In his farewell announcement, Jouini expressed pride in Expensya’s achievements and gratitude to colleagues, investors, and partners who contributed to its journey.
M&A
Network International will utilize its extensive pan-regional experience to support Money Fellows’ expansion into Morocco and the wider African region.
FinTech
The UK branch of Moniepoint has accrued a total loss of $1.4 million over 17 months since it was founded in August 2022. However, the company’s directors, Tosin Eniolorunda and Felix Ike, retain high hopes about its long-term profitability.
Funding
Orbit Startups has a track record of investing in early-stage companies in China and India and has been expanding its presence in the MENA region.
Funding
CEO Eltawab also announced that the company is setting its eyes on contracts worth EGP 40 million ($1.3 million) in the first quarter of 2025.
M&A
Nawy will be able to make use of ROA’s capabilities in improving its service portfolio while helping property owners to maximize their investments.
Funding
In just one year, JOBO Interim has qualified 30,000 workers, with an additional 60,000 in the pipeline. Partnerships with major clients such as Vinci and Yves Rocher highlight the platform’s growing influence
Funding
Gotion’s new facility will have an initial production capacity of 20 gigawatt hours (GWh), with a potential to expand to 100 GWh.
Funding
In a move that further diversifies the company’s offerings and enhances convenience for its growing customer base, ValU recently partnered with Visa to launch the Titanium credit card, providing exclusive benefits to its customers.
Startups
The mobility company has scheduled its Annual Meeting of Shareholders for January 30, 2025. This meeting will set the stage for critical decisions about Swvl’s future.
Funding
PBR Life Sciences boasts of being the first firm in the region to establish an holistic and multifaceted healthcare data platform in form of “Versus”, its flagship solution that leverages artificial intelligence and machine learning to analyze data collected from retail pharmacies.
Startups
According to local reports, Tingo Mobile, which serves as the fintech arm of the group, had already cut ties with contractors earlier in the year.
Startups
Morocco’s diverse industries, high-quality products, and strategic location make it an ideal partner for this expansion.”