Didi Chuxing
Ride-hailing

Chinese Ride-hailing Startup, DiDi Shuts Down South African Operations

DiDi Chuxing, the Chinese ride-hailing company, has shut down its operations in South Africa just a year after it started

Algebra Ventures
Venture Capital

IFC Invests $15m in Algebra Ventures to Support Egyptian Tech Startups and Drive Innovation

The International Finance Corporation (IFC) has announced an investment in the second fund from venture capital firm Algebra Ventures to

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

Eksab
Funding Investment Venture Capital

Egyptian Fantasy Football Startup, Eksab Closes $3m Seed Round

Eksab, an Egyptian fantasy football startup, has raised a $3 million seed investment round led by 4DX Ventures. The round

Accelerator Partnership

Katapult Partners Tony Blair Institute to Boost African Startups

Katapult, an investment company focused on highly scalable impact tech startups, and The Tony Blair Institute for Global Change (TBI)

Edtech

Edtech Startup, Klas Closes $130k to Build an Online Teaching For Africans

Klas, a Nigerian edtech startup, has raisee $130k angel round. The round included Tola Adesanmi (Spleet), Odunayo Eweniyi (Piggyvest), Nadayar Enegesi

CATAPULT: Inclusion Africa
Startup

10 Fintech Startups Selected For 2022 CATAPULT: Inclusion Africa: Special Edition in Dubai

LHoFT Foundation has selected 10 fintech startups for the 2022 CATAPULT: Inclusion Africa: Special Edition in Dubai. This Dubai edition

Apollo
AgricTech Funding Investment Venture Capital

Kenyan Agritech Startup, Apollo Raises $40m Led by Softbank Vision Fund 2

Apollo Agriculture, the Kenyan agritech startup, has closed a $40 million Series B funding in an equity round led by

Acquisition

Astute Imaging Acquires Egyptian Deep Technology AI Startup DilenyTech

Astute Imaging, a provider of imaging guided therapy and procedure planning services, has announced the acquisition of DilenyTech, a Egyptian

Edtech

How an Edtech Startup Ran out of Money & Shut Down

Lido Learning, an Indian edtech startup, made $1.5M last year. This year, all of a sudden, it was completely shut