Author: Fred Kennedy
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Kenyan-Based VC Firm Uncap Launches $33 Million Fund to Support African SMEs
Uncap, a venture capital firm operating in Munich and Nairobi, has announced the launch of a $33 million fund aimed at supporting the growth of small and medium-sized enterprises (SMEs) across Africa.
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Egypt’s SETTLE Raises $2 Million Pre-Seed to Revolutionize B2B Payments
Egypt-based B2B payment platform, SETTLE, has secured $2 million in a pre-seed funding round.
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Nigerian Foodtech Foodpreneurs Hub Secures Pre-Seed Funding to Combat Food Insecurity in Africa
Foodpreneurs Hub, a Nigerian-founded foodtech platform, has announced a successful pre-seed funding round of $500,000.
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US Firm Sultan Ventures Expands to Africa With Acquisition of Egypt’s Acasia Group
Acasia Group, a prominent multi-incubator operator and angel investment syndicate in Egypt, has been acquired by Sultan Ventures, a US-based venture firm.
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South African Fintech Happy Pay Secures $1.8 Million in Pre-Seed Funding to Expand BNPL Services
South African fintech startup Happy Pay has secured R32 million ($1.8 million) in pre-seed funding to fuel its growth and expand its Buy Now, Pay Later (BNPL) offerings.
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Algerian Edtech LabLabee Raises $3.4 Million in Seed Funding Led By Reach Capital
Algeria-based edtech startup LabLabee has secured $3.4 million in seed funding to accelerate the adoption of 5G, cloud, and AI technologies in the telecom and industrial sectors.
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Marta Vânia Uetela is Innovating Prosthetics with Ocean Plastic to Transform Lives
Marta Vânia Uetela is a pioneering Mozambican entrepreneur dedicated to changing lives through innovative biomedical engineering solutions.
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Nigerian Automaker Innoson Unveils First Locally Produced Electric Vehicle in Nigeria
Nigerian automaker Innoson Vehicle Manufacturing Company (IVM) has made a significant stride in the country’s automotive industry with the unveiling of its first locally produced electric vehicle.
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Mastercard Foundation Pledges $360 Million for African Girls’ Education
The Mastercard Foundation has announced a significant expansion of its partnerships with the Campaign for Female Education (CAMFED) and the Forum for African Women Educationalists (FAWE) to support young women and girls in Africa.