NIGERIAN FINTECH APP, KIPPA, LEAVES BUSINESSES AND CUSTOMERS IN LIMBO

Lagos-based businessman, Lanre, finds himself grappling with a nightmare situation. Over the past month, he has been unable to access customer data, painstakingly collected...

PARTECH CLOSES €280 MILLION FUND, ESTABLISHES LAGOS OFFICE TO DEEPEN COMMITMENT TO AFRICAN TECH

Partech, a leading global investment firm, has successfully concluded the final closing of its second Africa-focused fund, Partech Africa II, surpassing its hard cap...

NIGERIAN CLEANTECH STARTUP, ARNERGY, RAISES $3 MILLION TO EXPAND ITS CLEAN ENERGY SERVICES

Arnergy is a cleantech firm that successfully raised $3 million in funding. It specializes in supplying solar power solutions to households and businesses. The...

KENYAN HEALTH STARTUP ILARA HEALTH COMPLETES $4.2 MILLION PRE-SERIES A FUNDING

Kenyan health tech startup Ilara Health announced the completion of a $4.2 million debt and equity pre-series A fundraising round. With the aid of...

WASOKO’S MERGER WITH MaxAB RESULTS IN JOB LOSSES AND LEGAL BATTLE

According to two former employees who spoke with TechCabal, Kenya-based e-commerce company Wasoko started a covert merger with Egypt's MaxAB, keeping their plans a...

NIGERIAN EDUTECH STARTUP, KLAS, GETS $1 MILLION FUND TO EXPAND INTO INDIA AND NORTH AMERICA

The Nigerian start-up, Klas, recently put together a whopping $1m pre-seeding funding, primarily headed by Increment Capital Inc., together with partners like Techstars and...

CALIFORNIA-BASED MINING STARTUP, KOBOLD, DISCOVERS COPPER IN ZAMBIA

With backing from IT titans Bill Gates and Jeff Bezos, the founder of Amazon, the California-based unicorn mining company, Kobold has claimed a significant...

AFRICA VISIONARY FUND AWARDS $225,000 TO HELPMUM, NIGERIAN HEALTH-TECH STARTUP

The Africa Visionary Fund has generously granted a $225,000 to HelpMum, a Nigerian health technology firm, significantly advancing its aim of using technology to...

UNDP LAUNCHES $1 BILLION INNOVATION FUND TO SUPPORT AFRICAN STARTUPS

The United Nations Development Programme (UNDP) introduces the timbuktoo Initiative, a $1 billion innovation fund dedicated to investing in African startups. This initiative stands...

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