Month: September 2023
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Google Names Alex Okosi as Managing Director for Africa
Google has announced the appointment of Alex Okosi as Managing Director for Africa.
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Catalyst Fund Closes $40 Million Fund to Back Next Generation of African Climate-Tech Startups
The Catalyst Fund, a pre-seed venture capital fund and accelerator focused on driving climate resilience innovation in Africa, today announced the successful first closing of its $40 million fund.
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Nigerian Embedded Finance Platform Anchor Raises $2.4 Million in Seed Funding for Expansion
Nigerian fintech startup Anchor has successfully secured $2.4 million in seed funding to further its mission of transforming the financial landscape in Nigeria.
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Ugandan Fintech Asaak Acquires Mexican Startup FlexClub to Expand into Latin America
Asaak, a leading Ugandan fintech company, has acquired FlexClub, a Mexican startup that provides car financing for Uber drivers.
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Uber Launches Its First Electric Motorbikes in Africa in Nairobi, Kenya
Ride-hailing giant Uber has launched an electric motorbike service in Kenya, its first in Africa.
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Black Ostrich Ventures Launches $20M Fund to Back African Startups Outside of the ‘Big Four’
Black Ostrich Ventures, a US-based venture capital firm, has launched a $20 million fund to invest in startups outside of the four major African markets: Nigeria, South Africa, Egypt, and Kenya.
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Moroccan Edtech Startup Smartprof Secures Funding Boost to Expand Operations
Smartprof, a Moroccan Edtech startup that has developed an online platform for connecting students with tutors, has received a new funding boost to accelerate its growth.
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South African Insurtech Startup LeaseSurance Raises Seed Funding to Drive Growth
LeaseSurance, a South African insurtech startup that has developed a platform to replace security deposits in rental real estate, has raised $161,000 in seed funding.
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USAID Launches $49 Milion Healthcare Project in Ethiopia
The United States Agency for International Development (USAID) has launched a $49 million healthcare project in Ethiopia.