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Logidoo: Rising Star in African Logistics Secures $1.55 Million Seed Funding

New Investments

Logidoo: Rising Star in African Logistics Secures $1.55 Million Seed Funding

Logidoo, a leading player in the African logistics and e-commerce space, has announced a significant seed funding boost of $1.55 million.
 

This investment, led by a renowned consortium of venture capitalists, including Maroc Numeric Fund II (Morocco), 216 Capital (Tunisia), Gullit VC (Ethiopia), Founders Factory Africa (Nigeria), Sunny Side Venture Partners (Egypt/Japan) and Kalys Ventures (Morocco).

The new funding validates Logidoo’s unique approach to transforming the African logistics landscape and its potential to unlock the continent’s trade potential.

The funding underscores the market’s confidence in Logidoo’s mission to tackle the critical challenge of low intra-African trade compared to other regions.

By focusing on “Cross-border” logistics, Logidoo goes beyond mere service provision; it acts as a visionary force in turning the African Continental Free Trade Area (AFCFTA) vision into a tangible reality.

Logidoo has established itself as a “Cross-border end-to-end 5PL” provider, a unique approach that sets it apart in the industry.

This tagline reflects their commitment to offering comprehensive, market-leading solutions for seamless cross-border logistics.

In 2023, Logidoo embarked on an ambitious expansion plan, extending its franchise network to 5 African countries.

This strategy, fueled by the new funding, aims to solidify their continental footprint.

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Kenyan Healthtech Startup Ilara Health Secures $4.2 Million to Expand Access to Healthcare

New Investments

Kenyan Healthtech Startup Ilara Health Secures $4.2 Million to Expand Access to Healthcare

Kenyan health-tech startup Ilara Health has raised $4.2 million in a pre-Series A funding round, fueled by both debt and equity investments.
 

This latest funding will accelerate the company’s expansion within Kenya, aiming to further improve healthcare access for the general public.

The funding round was led by DOB Equity with a $2.5 million equity investment, joined by the Philips Foundation and existing investors like AAIC Investment, Angaza Capital, Black Pearl Investments, and Perivoli Innovations.

An additional $1.7 million in debt financing was secured from Alphamundi, Kiva Capital, and Boehringer Ingelheim.

Founded in 2019 by Emilian Popa, Maximilian Mancini, and Sameer Afzal Farooq, Ilara Health initially focused on providing diagnostic equipment to private clinics, addressing affordability and accessibility concerns.

Since then, the company has expanded its offerings to include pharmaceutical products and other medical supplies, enabling clinics to operate with well-stocked inventories and deliver high-quality primary care.

With this new funding, Ilara Health plans to launch a B2B health and occupational service.

This initiative will offer uninsured workers access to essential healthcare services at partner clinics for a fixed monthly fee, significantly expanding healthcare options for this segment of the population.

“This fundraising allows us to take another significant step towards our mission of making quality healthcare accessible and affordable for everyone,” said Ilara Health CEO Emilian Popa.

“By providing private clinics with the tools and resources they need, and by launching our B2B health service, we can address critical gaps in the healthcare system and reach even more patients.”

Currently, Ilara Health serves over 3,000 private clinics across Kenya, focusing on facilities located in residential areas where access to healthcare is convenient but often costlier than public options.

Recognizing the limitations of public healthcare, including potential disruptions due to equipment issues, Ilara Health partners with various manufacturers like Butterfly Network to offer affordable diagnostic tools like portable ultrasound devices.

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Emmanuel Nyirinkindi

Emmanuel Nyirinkindi

He is a distinguished leader shaping the future of development and economic empowerment across the African continent..

Currently serving as the Vice President of the IFC – International Finance Corporation (IFC), he stands at the forefront of catalyzing positive change.

In his role, Emmanuel identifies and fosters opportunities for enhanced collaboration within the IFC and the broader World Bank Group.

His responsibilities span from proactively creating markets and facilitating investments to designing effective public-private partnerships that maximize the private sector’s role in driving development.

Additionally, he plays a pivotal role in designing private sector strategies that promote gender equality and empower underserved communities to actively participate in the economy.

Before embarking on his impactful career at IFC, Emmanuel worked in Uganda’s petroleum products industry and contributed to the Faculty of Commerce at Makerere University in Kampala.

His journey is marked by a tireless commitment to advancing sustainable development and fostering inclusive economic growth.

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Nneile Nkholise

Nneile is a South African mechanical engineer and social entrepreneur with a vision to transform Africa through technology.

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Dr. Ibrahim Mayaki 

Dr. Mayaki is the former CEO of the African Union Development Agency-NEPAD (AUDA-NEPAD), whose contributions to African development are impacting the continent.

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Jason Njoku

Jason is a British-Nigerian serial entrepreneur, African film magnate, and start-up investor in Africa’s emerging tech ecosystem.

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Joyce-Ann Wainaina

Joyce-Ann Wainaina

A Kenyan businesswoman and the founder and Managing Partner of Chui Ventures, a Pan-African seed fund with a gender-inclusive focus.

She was previously a Managing Director of Citibank, Sub Sahara Africa, covering 11 countries in South, East, West and Central Africa.

She had an extensive career with Citi starting in 1990 and has held senior positions across Africa covering country management, corporate banking, product management, operations and controls.

Joyce-Ann is passionate about enabling entrepreneurs in Africa and has been an active investor with a track record across Africa.

She also supports talent development in Africa; having co-designed the Sapphire Leadership Programme, a mentoring program for senior talent development in Citi across Emerging Markets in EMEA.

She also partnered with the Kenya Bankers Association and the Central Bank of Kenya to establish a mentorship program for Women Leaders in the Banking industry in Kenya.

Some of Joyce-Ann Wainaina’s notable achievements include being named one of the “Most Influential Women in Africa” by Forbes Africa in 2019.

She was also awarded the “Lifetime Achievement Award” by the Kenya Bankers Association in 2020.

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Dr. Ola Brown

Ola is a Nigerian-British medical doctor, entrepreneur, philanthropist, and a true visionary in the world of healthcare.

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Joyce-Ann Wainaina

Joyce-Ann Wainaina is a Kenyan businesswoman and the founder and Managing Partner of Chui Ventures, a Pan-African seed fund with a gender-inclusive focus.

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World Bank Pledges $120 Million for Kenya’s First-Ever Vaccine Facility

Key Developments

World Bank Pledges $120 Million for Kenya’s First-Ever Vaccine Facility

The World Bank has committed $120 million to support the construction of Kenya’s first-ever vaccine production facility.
 

The announcement came during a tour of the facility in Embakasi, Nairobi, led by Health Principal Secretary Harry Kimutai and World Bank Vice President for Human Development Mamta Murthi.

The Kenya BioVax Institute is spearheading the project, aiming to initially fill and package imported vaccines within the next five years.

This critical step towards vaccine self-sufficiency aligns with Kenya’s aspiration to meet its growing demand for vaccines, currently estimated at 16 million doses annually and projected to reach 25 million in the coming years.

“The World Bank is one of the biggest supporters of our journey to vaccine production,” said Mr. Kimutai, acknowledging the institution’s significant contribution. The facility boasts two filling lines, boasting the capacity to fulfill the anticipated demand.

This initiative comes at a pivotal moment, following the recent news of WHO approval for a Kenya-tested malaria vaccine.

The development of local vaccine production capabilities promises to strengthen Kenya’s healthcare system and contribute to broader regional and continental health security.

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Airtel Africa Launches Telesonic to Revolutionize Wholesale Data Market in Africa

Key Developments

Airtel Africa Launches Telesonic to Revolutionize Wholesale Data Market in Africa

In a move set to shake up the African wholesale data landscape, Airtel Africa has announced the launch of Airtel Africa Telesonic Limited (Telesonic).
 

This new venture aims to leverage the company’s existing infrastructure and strategic investments to meet the continent’s ever-growing demand for data services.

Telesonic boasts a 75,000-kilometer terrestrial fibre network spanning Airtel Africa’s 14 markets, coupled with strategic investments in the ambitious 2Africa submarine cable system.

This robust network will offer a comprehensive suite of wholesale data solutions, including national and international leased lines, dedicated internet access, IP transit, and MPLS services.

Segun Ogunsanya, Airtel Africa’s Group CEO, emphasized the critical role Telesonic will play in bridging the digital divide and empowering Africa’s youth.

“Telesonic underscores our commitment to providing cutting-edge fibre-optic solutions that fuel Africa’s digital revolution,” he stated. “This initiative unlocks immense opportunities for innovation, economic growth, and improved quality of life across the continent.”

Key highlights of Telesonic:

– Extensive network: 75,000 km of terrestrial fibre and strategic investments in 2Africa submarine cable system.
– Streamlined operations: Local entities established in key markets for efficient management.
– Comprehensive service portfolio: National and international leased lines, dedicated internet access, IP/IP transit, and MPLS services.
– Commitment to Africa’s digital future: Aims to improve connectivity, education, healthcare, and overall socio-economic development.

By leveraging its infrastructure and partnerships, Telesonic is poised to play a pivotal role in shaping Africa’s digital future.

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Senegalese Startup Kwely Secures Funding to Expand Made-in-Africa Products Globally

New Investments

Senegalese Startup Kwely Secures Funding to Expand Made-in-Africa Products Globally

Senegalese startup Kwely has secured funding from Fuzé, a venture capital arm of leading investment group Digital Africa.
 
This marks a significant step forward for the company’s mission to bring high-quality African-made products to the global market.

Founded in 2020, Kwely operates as a B2B wholesale distribution network, working with local suppliers to develop and elevate African brands for export. 
 
Their aim is to not only connect these producers with international buyers but also redefine global perceptions of African products.

“We are thrilled to partner with Fuzé, who shares our vision of showcasing the best of Africa to the world,” said Birame Sock Ali Mnif, Kwely’s Founder and CEO. “This investment will be instrumental in achieving our goals and empowering local artisans and businesses.”

Ali Mnif, Chief Investment Officer of Digital Africa, highlighted Kwely’s innovative approach to supporting local production and their initial successes. “We are confident in Kwely’s potential to make a significant impact on the global e-commerce landscape,” he added.

Kwely goes beyond a simple distribution platform, acting as a catalyst for international exposure to African-made goods.
 
Their goals include placing these products in major retail outlets, hotels, airports, and speciality stores worldwide.

Kwely’s commitment to quality extends beyond its own offerings. In 2021, they launched the TEKKI Challenge, supporting ten Senegalese food and cosmetics companies to enhance their branding, packaging, and market access.  

The partnership with Fuzé signifies a pivotal moment for Kwely, reflecting the growing global interest in African-made products.
 
With Digital Africa and Fuzé’s support, Kwely is poised to redefine the landscape of African e-commerce and bring the richness of African products to a wider audience around the world.
 

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Ghana’s Remoteli Secures Funding to Connect African Tech Talent and Fuel Expansion

New Investments

Ghana's Remoteli Secures Funding to Connect African Tech Talent and Fuel Expansion

Ghanaian tech talent startup Remoteli has secured £250,000 ($314,824) in pre-seed funding to fuel its expansion across Africa.
 

The investment, led by Ghanaian-Dutch footballer Jeremie Frimpong, aims to bridge the gap between talented tech professionals and the growing demand for remote workers.

Founded by Samuel Brooksworth, Remoteli leverages AI-powered software to match organizations with qualified African tech individuals.

“It all started with the need to connect talented graduates with opportunities amidst the pandemic,” explains Brooksworth. “Remoteli empowers both, fostering growth for companies and careers for individuals.”

The funding will fuel Remoteli’s ambitious goal of providing employment for one million people by 2030.

This latest investment highlights a growing trend of athletes entering the tech space. Frimpong’s involvement extends beyond finance, with the collaboration including the “Pathways Project” to support young footballers with career transitions beyond the pitch.

Remoteli has already made a mark, directly hiring over 100 individuals and supporting over 100 clients.

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“We are delighted to partner with ISA to support the development of solar energy in Africa,” said Alain Ebobissé, CEO of Africa50. “This partnership will help to accelerate the deployment of solar energy in Africa and improve the lives of millions of Africans,” he added.

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