Andela becomes Nigeria's latest unicorn after raising $200 million

Andela, a startup that helps engineering talent in Africa get connected with global firms, has become the  newest unicorn in Nigeria after receiving $200 million from investors.

The firms latest funding round was headed by a J

Africa’s first continent-wide digital payment platform goes live

The Pan-African Payment and Settlement System (PAPSS), Africa’s first continent-wide digital system for goods and services payments in local currencies, has reportedly gone live, nearly three years after its pilot launch in West Africa.

Koa, Valrhona unite to launch cocoa fruit juice concentrate Oabika

Following the success of Koa's dried cocoa fruit and cocoa fruit juice, Koa and Valrhona have introduced a new concentration that complements the spectrum of cocoa fruit ingredients.

Valrhona, a luxury chocolat

Global Esports Federation expands presence in African, American regions

The Global Esports Federation (GEF) announced to have established two development organizations in Africa and the Pan American regions.

As per the organization, the development federations will support the development, education, a

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.

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