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CHIPPER CASH REPORTEDLY LAYS OFF OVER 100 EMPLOYEES

After letting go 13 % of its labour force last year, Chipper Cash has dismissed another one-third of it's employees this week. The layoff of...

72 AFRICAN EDTECH STARTUPS TO ENJOY CCHUB’S $15 MILLION INVESTMENT

Only 0.72% of Africa’s total venture capital was raised by African edtech entrepreneurs in 2022. Under its Edtech Fellowship Program, Co-Creation Hub (CcHub) hopes...

UQUDO AND GETFUNDEDAFRICA COLLABORATE TO RAISE TECH GROWTH IN AFRICA

One of Africa's top technologically focused market place for founders, GetFundedAfrica, has collaborated with Uqudo which is one of EMEA's most inceptive digital identity...

NIGERIAN HEALTH-TECH STARTUP, FAMASI, SECURES PRE-SEED TO BUILD AFRICAN DIGITAL PHARMACY INFRASTRUCTURE

In a round headed by Microtraction, the Nigerian health-tech company Famasi Africa has secured an undisclosed pre-seed investment to create the pharmacy infrastructure for...

INSURTECH STARTUP, NAKED, EXPAND DIGITAL INSURANCE IN AFRICA, RAISED $17 MILLION SERIES B FUND

The International Finance Corporation led a $17 million Series B round of funding for the South African insurtech startup, Naked. This round also included...

QOTTO TO EXPAND INTO IVORY COAST AFTER RAISING $8 MILLION SERIES A FUND

Qotto has raised an estimated $8 million in Series A equity-debt round to expand to more African nation. Qotto is a cleantech startup established...

YODAWY GETS $16 MILLION SERIES B FUND TO BOOST E-PHARMACY IN AFRICA

Yodawy, in conjunction with Global Ventures and Delivery Hero, has secured an estimated $16 million in its Series B fund. In 2018, Yodawy was co-founded...

PARTECH CLOSES AFRICA II FUND, THE LARGEST AFRICA-FOCUSED FUND AT $263 MILLION

The famous global venture capital (VC) firm, Partech, which focuses on startup businesses worldwide, has closed its Africa II fund. The fund closes at...

OIKOCREDIT INVESTS IN YELLOW TO SUPPORT SOLAR ENERGY GROWTH IN AFRICA

A PAYG provider, Yellow, is being supported by Oikocredit with a loan of $5 million so as to proceed with their intention of supplying...

GRINDSTONE X NASPERS LABS ANNOUNCE THE 10 WOMEN LED STARTUPS TO PARTICIPATE IN ITS WOMEN-FOCUSED ACCELERATOR

Naspers Labs and Grindstone have announced the 10 startups selected for their South African women-focused accelerator program. The shortlisted businesses are all women-led and...

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