Nigerian firm Releaf raises $4.2Mn to expand its food processing tech

Releaf, a Nigeria-based agriculture technology start-up, has reportedly secured an investment of $2.7 million in seed funding. The company is seemingly working on building proprietary software and hardware solutions to help farmers and food manufacturers become more p

South Africa shows interest in hosting FIFA Club World Cup in December

South Africa is reportedly shown interest in hosting the next FIFA’s Club World Cup in December 2021. The news comes after Japan, which recently hosted the Paralympics and Summer Olympics, withdrew its bid last week over fears that the football tournament would

Africa’s USD 1.19 Bn fund receives USD 26.5 Mn from Nigerian startups

Nigeria has been a popular location for venture capital in the recent past. The country added USD 26.5 million to Africa's USD 1.19 billion amassed in the first half of this year.

Major African financial center Lagos has alread

Prospa bags $3.8M to offer banking & software services to small firms

Nigerian fintech startup Prospa has reportedly closed a $3.8 million pre-seed round with a strong determination to change the way micro-businesses are being served by the banks. If sources are to be believed, over 40 million micro-businesses in Nigeria are underserved

African fintech Wave bags USD 200 million in a Series A funding round

Wave, an African company that specializes in providing mobile payment solutions has reportedly secured USD 200 million in a Series A funding round led by Sequoia Heritage, Founder’s Fund, Stripe, and Ribbit Capital.

This is c

Autochek buys Cheki Kenya and Uganda to expand presence in East Africa

Autochek, a Nigeria-based automotive technology entity, has taken over Cheki Kenya and Uganda from ROAM (Ringier One Africa Media) for an anonymous sum. 

According to a statement by Autochek, through the acquisition, the entit

Rack Centre, PwC to hold webinar for Africa’s digital transformation

Rack Centre, West Africa’s Carrier Neutral Tier III Data Centre, and PwC, a professional services firm, have collaborated to explore ways to leverage the digital revolution in a second webinar series on Africa, named: ‘The Next Digital Frontier’, foc

Trine and Solarise team up to finance five solar projects in Africa

Trine, a Swedish impact investing platform, has reportedly announced that it has teamed up with pan-African energy leasing firm, Solarise Africa, to invest in five renewable energy projects across the African continent.

According t

LoftyInc Capital to invest USD 10 million in African tech startups

Leading pan-African venture capital firm LoftyInc Capital recently announced the launch of its third fund, dubbed as LoftyInc Afropreneurs Fund 3, with plans to invest USD 10 million in African tech businesses that meet its criteria.

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