Swvl
Acquisition Business

Zeelo and Swvl Announce Termination of Acquisition Agreement

Zeelo, a UK smart bus platform with live operations in three continents and strong growth, has announced the termination of

Homzmart
Funding Investment Startup Venture Capital

Homzmart Secures $23m in Pre-series B Round Investment

Homzmart, an Egyptian furniture online marketplace, has raised $23 million in pre-series funding to expand its services. Saudi Technology Ventures

Oui Capital
Venture Capital

African VC Firm, Oui Capital Announces First Close of its $30M Second Fund

Oui Capital, an Africa-focused VC firm has completed the first closing of its $30 million second fund, Oui Capital Mentors

Umba
Acquisition Banking Funding

Digital Bank Umba Acquires Majority Stake in Daraja Microfinance Bank

Umba, a Nigerian digital bank, has acquired a majority stake in Daraja, a Kenyan microfinance bank, for an undisclosed amount.

Qwili
Funding Investment Startup Venture Capital

South Africa’s Qwili Secures $1.2m Seed Funding to Scale its Service Offerings

Qwili, a startup that provides a hybrid sales product to micro and small merchants in South Africa, has closed a

Ubenwa
Funding Startup Venture Capital

Ubenwa Receives $2.5m Backing to Help Parents Interprete Babies’ Cries

Ubenwa, a developer of diagnostic software for the rapid detection of medical anomalies in infant cry sounds, announced a $2.5

The Fashion Kingdom
Ecommerce Funding Investment Startup Venture Capital

Egypt’s The Fashion Kingdom Secures $2.6m Seed Funding Round

The Fashion Kingdom (TFK), an Egyptian fashion e-commerce marketplace, has completed a $2.6 million seed funding round co-led by CVentures

Cartona
Ecommerce Funding Investment Venture Capital

Egyptian B2B Ecommerce Platform, Cartona Secures $12m Funding Led by Silicon Badia

Cartona, an Egyptian B2B eCommerce platform, has secured a $12 million Series A investment led by Silicon Badia, together with

Bizao
Fintech Funding Investment Venture Capital

Cote d’Ivoire Fintech Startup Bizao, Secures $8.1m to Support Expansion Across Africa

Bizao, a fintech startup based in Cote d’Ivoire, has announced $8.1 million series A funding to accelerate its geographical footprint

Algebra Ventures
Venture Capital

FMO Announces $10m Commitment to Algebra Fund II

FMO, the Dutch entrepreneurial development bank, and Egyptian venture capital firm Algebra Ventures today announced the signing of a USD