BasiGo
Grants

E-Mobility Startup, BasiGo Gets $1.5m to Expand to Rwanda

The United States Agency for International Development (USAID) has awarded BasiGo a $1.5 Million grant through its Development Innovation Ventures

Revio
Funding Investment Venture Capital

Revio Closes $5.2m Investment Led by QED Ventures

‍Revio, the payment orchestration platform helping merchants optimize their order to cash lifecycle, announced a seed investment round of $5.2

Nestcoin
Cryptocurrency Funding Investment Startup Venture Capital Web 3

Nestcoin Raises $1.9m to Fuel Onboard Wallet’s Growth

Nestcoin has raised $1.9 million in a round led by Hashed Emergent, with participation from a global consortium of investors including

AFEX
AgricTech Agro-tech

Farm Central Intelligence Emerges Winner at AFEX Code Cash Crop 4.0 Ag-hackathon

 AFEX, the African commodities market player, hosted its fourth annual ag-hackathon, Code Cash Crop 4.0, aimed at harnessing the intersection

Messaging Meta Social Media Threads

Meta Set to Take on Twitter As it launches Threads

Threads, a text-based messaging app similar to Twitter, has launched to take on Twitter. Threads which is linked to Instagram

OmniRetail
Funding Investment Retail Venture Capital

Aruwa Capital Management Invests in OmniRetail

Aruwa Capital Management, an early-stage growth equity and gender lens fund investing in Nigeria and Ghana, has announced an investment

Peach Payments
Funding Investment Payment Venture Capital

South Africa’s Peach Payments Raises $31m Series A Funding to Maximise Financial Inclusion in Africa

Peach Payment, a digital payments service provider, has secured a $31 million series funding led by Apis Growth Fund II,

News

Payday Secures $3M Seed Round to Power the Future of Work for Africa

Payday, an African neobank issuing global accounts to Africans, has raised a $3M seed round led by Moniepoint Inc. The

Venture Capital

Verod-Kepple Africa Ventures Raises $43m to Focus on Emerging Growth Stage Companies

Verod-Kepple Africa Ventures has raised US$43 million as part of its ongoing fundraising for its pan-African venture fund.  The fund’s

Consumers
Ecommerce

Shopping For Sustainability: Online Stores and e-commerce Merchants Answer Growing Consumer Demand

While 92% of South Africans say sustainability is important to them, only 58% claim to live sustainably according to a 2022 study by global