Ivory Coast-based Julaya raises $2m for West Africa expansion

Julaya, a fintech startup based out of Ivory Coast, has reportedly announced a $2 million pre-Series A funding. The funding would supposedly facilitate the expansion of its products across West Africa.

It is worth noting that Julay

South African fintech startup Yoco raises USD 83 Mn in Series C funding

South Africa’s payment and software platform, Yoco, has reportedly raised USD 83 million in Series C funding backed by Dragoneer Investment Group.

The round also saw participation from new investors like TO Ventures, 4DX Vent

Yara East Africa collaborates with farmers to edify tech-driven farming

Yara East Africa Ltd., a fertilizer manufacturer based in Kenya, has reportedly collaborated with farmers for building service centers where smallholder growers can learn life-changing farming practices. According to Yara East Africa, it aims to look after the food in

WAICA Re pays out USD 30.5 million in claims in 9 West African nations

West African Reinsurance Corporation, WAICA Re has reportedly incurred net claims of USD 30.5 million during the financial year 2020, marking a 63% increase from the USD 18.7 million claims registered in 2019.

The claims are being

Study: lack of internet access stunting the economic growth of Africa

A new study by Internet Society, a leading non-profit organization, has reportedly found that lack of internet access is severely stunting the economic growth of African countries. The group says that African countries need to improve internet access for their citizen

Rio Tinto’s South African mining operations to remain inoperative

Anglo-Australian metals and mining corporation, Rio Tinto has announced that operations at its Richards Bay Minerals (RBM) project based in South Africa, which had been shut down in June after a top manager was murdered, will remain closed despite talks with the gover

‘Africa Fashion’ to feature 250 objects to tell the continent’s story

An exhibition focused on African fashion is reportedly set to be held at the Victoria and Albert Museum in 2022 and will attempt to reframe the narrative regarding the continent. As per sources close to the matter, the exhibition will demonstrate its creativity and in

Ghana reveals plans to issue African social bonds for USD 2 billion

The Republic of Ghana is reportedly planning to sell green and social bonds for up to USD 2 billion by November this year, making it the first African country to issue debts to fund development programs.

Finance Minister of Ghana,

Transsion’s music streaming app Boomplay expanding rapidly in Africa

Chinese music streaming service Boomplay’s subscriber base is increasing rapidly in Africa, supported by the increased proliferation of its parent company, Transsion Group, in the continent’s smartphone market.