Thepeers
Payment

Nigeria’s Thepeer Secures $2.1m Seed Funding to Facilitate African Expansion

Thepeer, an African tech infrastructure startup connecting businesses’ wallets, has secured a $2.1 million seed round led by The Raba Partnership.

EGYPT’S ON-DEMAND DIGITAL WAREHOUSING PLATFORM KHAZENLY SECURES $2.5 MILLION SEED FUND
Digital Funding Logistics

Egypt’s On-Demand Digital Warehousing Platform Khazenly Secures $2.5 Million Seed Fund

Khazenly, the Cairo-based on-demand digital warehousing and fulfilment platform, announces its successful seed fundraise of $2.5 million.  The funding round

Launch Africa
Venture Capital

Launch Africa Closes First Fund at $36.3m

Launch Africa, a pan-African venture capital firm, has closed a $36.3 million fund to fund more B2B and B2B2C startups

AgricTech Funding Investment

Naspers Foundry Leads $5.1m Equity Round in Agritech Company Nile

Naspers, through its early-stage tech investment vehicle Naspers Foundry, has announced a $2.5 million investment in Nile, an agritech company

Twiga Foods
AgricTech

Twiga Foods to Invest $10m in New Commercial Subsidiary Dubbed Twiga Fresh

Twiga Foods, the Kenya B2B agritech startup, has announced plans invest $10 million in a Twiga Fresh, a new subsidiary

Appointment

TradeDepot Appoints Chidi Akubuiro as Managing Director for West Africa

TradeDepot, a B2B eCommerce and embedded finance platform in Africa, has appointed former Coca Cola HBC and Hayat Kimya Nigeria

Swvl
Acquisition

Swvl Acquires Zeelo to Expand its Footprint to USA, UK & South Africa

Swvl, a provider of transformative tech-enabled mass transit solutions, has announced a definitive agreement to acquire Zeelo, the UK’s largest smart

SWVL ACQUIRES TURKISH B2B MOBILITY STARTUP VOLT LINES
Acquisition Mobility Transport

Swvl Expands into the Turkish Mobility Market with the Acquisition of Volt Lines

Egyptian mobility startup SWVL has acquired Turkey-based B2B mobility startup Volt Lines. The deal values the startup at over $40 million. As

Churpy
Fintech

Kenyan Fintech Startup Churpy Gets $1m Backing From Global Investors

Churpy, a Kenyan fintech startup, has secured a $1 million seed round led by Unicorn Growth Capital. Also participating were

Powered by People
Ecommerce Funding Investment Venture Capital

Kenya’s Powered by People Secures $5m Funding to Grow its Wholesale eCommerce Platform

Powered by People, a Kenyan wholesale e-commerce platform, has secured $5 million in seed funding led by Susa Ventures and