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Swvl, the Egyptian on-demand bus-hailing firm, has secured a $10m investment from The European Bank of Reconstruction and Development (EBRD)
The International Finance Corporation (IFC) has invested in Knife Fund III, a new fund managed by Cape Town-based venture capital
BasiGo, a Kenyan Electric Vehicle startup, has raised $4.3 million in seed funding to provide clean-energy mass transit vehicles in
SOKNA, an Egyptian company that provides comprehensive funeral services, has raised a $1 million round of funding. The list of
Afya Rekod, a Kenyan based company, has raised $2 million in Seed funding, led by Mac Venture Capital. Other participants include Next Chymia,
OLX, a classified ecommerce platform, has been shut down in South Africa. Visitors to the platform’s website were greeted with
The Rwanda Innovation Fund has announced its latest investment in Metro Africa Xpress Inc. (MAX), a vehicle subscription platform for
Nestcoin, a company building, operating, and investing in web3 applications, has raised $6.45 million in pre-seed funding. This new investment
The Norrsken Foundation has launched Norrsken22 Africa Tech Growth Fund, which has held its first close at $110 million. The
Reported fraud across the financial services industry in Africa has spiked however, Eva Crouwel, head of financial crime at Luno,