The Empower Africa Business Platform is Now Live !!!
The investment will be used to support Linebooker’s rapid growth strategy, which aims to improve its technological and operational capabilities to serve its customers more effectively, particularly in the areas of working with transportation providers and handling larger transport volumes.
ARC Investments has been a partner of Linebooker since 2017, and its latest capital injection takes its stake in the company to just over 70%.
The decision by ARC to increase its investment in Linebooker is supported by a number of important factors, including the enormous potential of the South African transportation sector.
Founded in 2017, Linebooker is an online freight platform that connects customers in need of transporting large goods with trucks and other transportation services.
South Africa is one of the largest economies in Africa, and its transportation sector is essential for its economic growth.
However, the sector is also highly fragmented and inefficient, presenting a significant opportunity for companies like Linebooker to streamline and digitize the freight booking process.
“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.

Egyptian fintech Zeal has secured a $4 million investment, led by Raed Ventures and Cur8 Capital.

REasy, a trade finance startup based in Cameroon, has raised $1.8 million in pre-seed funding to make it easier for small and mid-sized businesses in Africa to pay international suppliers.

Husk Power Systems, a pioneering cleantech startup operating in Africa and Asia, has successfully concluded its Series D funding round, raising $103 million.