MVX raises $1.3Mn in seed funds to digitize cargo shipment in Africa

Nigeria-based digital freight company- MVX has announced raising USD 1.3 million in a seed funding round which will be used to boost its efforts to he

South Korea sees spike in COVID cases as Delta Plus enters its borders

The nation of South Korea has reported a sharp spike in COVID-19 cases as it struggles to reign in the country’s fourth wave of infections as ne

South African insurtech Naked raises $11m in Naspers-led Series A

Naked Financial Technology, the South Africa-based insurtech, has reportedly raised more than $11 million in a funding round led by Naspers, one of th

Nigeria’s Kuda Bank bags USD 55 Mn to launch in other African countries

Nigeria's first mobile-only bank Kuda Technologies Ltd. has raised USD 55 million in a Series B financing round at a valuation of USD 500 million

US ships four million Moderna COVID-19 vaccine doses to Nigeria

The highly contagious Delta variant could cause another setback in vaccine distribution in Nigeria, say experts The U.S. government has sent four mil

EABL buys additional stake in Tanzanian subsidiary for USD 55 million

Kenya-based branded alcohol beverage business East African Breweries Ltd. (EABL) has reportedly acquired an extra 30% stake in Tanzanian subsidiary Se

Mammoet to support construction of three wind farms in South Africa

Mammoet South Africa, a unit of global heavy lifting and transport service provider Mammoet, has announced its support for the construction of three w

Biden administration rolls out new initiative to shape US-Africa trade

President Joe Biden's administration has reportedly launched a new initiative called Prosper Africa Build Together, requesting more than $80 milli

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 facilitat

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 Grou

Aspen to start J&J Covid-19 vaccine roll out in South Africa

Aspen Pharmacare, a South African holding company for pharmaceutical concerns, has reportedly confirmed releasing the first batch of Johnson & Joh

Ghana looking to get hold of 18 million Covid-19 shots before October

Ghana is seeking to receive over 18 million Covid-19 vaccine doses by October as it combats the third wave of coronavirus infection, as recently state