Five African startups namely Eden Care from Rwanda, iZola from Kenya: mDoc from Nigeria, Pharmarun from Nigeria and Zuri Health from Kenya have been selected among the 2023 cohort of the Google for Startups Growth Academy: AI for Health after an intensive selection process that started in May. The five startups from Africa, among the […]
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Lipa Later Group, a Buy Now Pay Later platform has announced the successful closure of a KES 500 million privately placed Debt issuance, reaffirming its commitment to providing innovative financing solutions for its customers. This raise was supported by Rubicon Landing, a reputable transaction advisory firm, acting as the transaction advisors and KN Law, a […]
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AUTO24.africa, a pre-owned car marketplace, has today launched in Morocco, Rwanda, Senegal and South Africa, after a remarkably successful first year in Ivory Coast. With funding from Stellantis, AUTO24.africa wants to revolutionize the African automotive sector with first-of-its-kind customer offerings. “Our obsession is to be customer-centric,” expressed Axel Peyrière, CEO of AUTO24. “Our goal is […]
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Nigeria’s Risevest, an asset manager providing Nigerians with access to foreign investments, has officially acquired Chaka, a a digital trading platform, and the two firms aims to build a more formidable and comprehensive financial partner for their customers independently, the terms of the deal were not disclosed. “Risevest and Chaka have long been dedicated to […]
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Kua Ventures, a Kenyan-based faith-driven impact investment firm has invested over 1 million (approximately Ksh. 145 million) into 20 Small and Medium Enterprises (SMEs) in Kenya, three years after it launched in the country. The milestone is after the firm’s four rounds of funding over the last three years that have seen 20 growing local […]
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Root Platform (Root), the Cape Town-based low-code, API-first, digital insurance technology platform provider, has raised $1.5 million from South Africa-based Invenfin, the venture and growth capital arm of Remgro Limited, to power modern insurance digital products. Root, which was founded in 2016 in South Africa, offers a low-code platform that powers modern digital insurance products […]
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Njeri Rionge, the co-founder of Wananchi Online, a once popular Internet Service Provider (ISP)which grew to become East Africa’s leading pay-TV, broadband Internet, and VoIP services firm has passed on. TechMoran is yet to establish the details of her death but the once successful and revered serial entrepreneur reportedly fell victim of suspicious religious teachings […]
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Daniel Motaung, the South African who was working for Meta/ Facebook as content moderator in Kenya has been honored in the 2023 Mozilla Rise 25 Awards for his whistleblower role and as part of the people shaping the future of the internet to be more ethical, responsible and inclusive, ensuring a positive future for all. […]
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Dash, a Ghanaian fintech startup has officially shut down its operations after raising $86 million cumulatively after being in operation for five years. Most recently, the cross-border payments startup with a dream to connect mobile money wallets across Africa, laid off 50% of its work staff and had its CEO suspended for financial impropriety and […]
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