africa

Nigerian logistics startup Kobo360 raises $30M backed by Goldman Sachs

August 14, 2019 0

Nigerian freight logistics startup Kobo360 has raised a $20 million Series A round led by Goldman Sachs and $10 million in working capital financing from

Zindi rallies Africa’s data scientists to crowd-solve local problems

August 9, 2019 0

Zindi is convening Africa’s data scientists to create AI solutions for complex problems. Founded in 2018, the Cape Town-based startup allows companies, NGOs or government

Spacetech growth, the future of micromobility, and how to solve the hell of open offices

July 28, 2019 0

Is space truly within reach for startups and VC? With the 50th anniversary of the moon landing taking place this past week, Darrell Etherington takes

China’s coffee upstart Luckin pushes into India and Middle East

July 22, 2019 0

Luckin continues to expand at jaw-dropping speed as it announced plans to open shop overseas for the first time. On Monday, the Starbucks challenger from

Canal+ acquires Nollywood studio ROK from IROKOtv to grow African film

July 15, 2019 0

French television company Canal+ has acquired the ROK film studio from VOD company IROKOtv for an undisclosed amount. Founded by Jason Njoku in 2010—and backed

PayU, Naspers’ global fintech firm, enters Southeast Asia with acquisition of Red Dot Payment

July 5, 2019 0

PayU, the Naspers owned fintech firm that specializes in emerging markets, is broadening its global reach into Southeast Asia after it announced a deal to

Africa Roundup: Yamaha backs MAX, Founders Factory and Norrsken support startups, inside Ethiopia’s tech scene

July 2, 2019 0

Competition in Africa’s two-wheel ride-hail market is accelerating. Nigerian motorcycle transit startup MAX.ng was the latest startup to add funding, raising a $7 million funding

South African SME finance startup Lulalend raises $6.5M Series A

June 26, 2019 0

South African digital lender Lulalend has raised a $6.5 million Series A round co-led by IFC and Quona Capital. The Cape Town based startup uses

MAX.ng raises $7M round backed by Yamaha and pilots EVs in Nigeria

June 20, 2019 0

Nigerian motorcycle transit startup MAX.ng has raised a $7 million funding round led by Novastar Ventures, with participation of Japanese manufacturer Yamaha. Based in Lagos,

Days after pledging to expand internet, Ethiopia’s government shuts it off

June 15, 2019 0

Days after Ethiopian ICT officials made public pledges to improve net access, the government began playing on-again, off-again with the internet — shutting it down