The round was led by global venture capitalists LocalGlobe, Amplo, Pronomos Capital, and Future Africa.

Itana’s Digital Free Zone will be a physical and virtual space that will offer businesses a range of benefits, including:

• A stable policy environment
• Tax and capital repatriation incentives
• The freedom to operate remotely
• Access to a global network of talent and investors

The funding will be used to develop the Itana Digital Free Zone, as well as to grow the company’s team and launch its digital residency program.

The startup is on a mission to empower entrepreneurs to establish a highly esteemed business within Nigeria’s inaugural digital-free zone.

“Within the Itana digital free zone, startups will have the benefit of a stable policy environment, tax and capital repatriation incentives and the freedom to operate remotely without the need for an expansive physical presence within the free zone. I’m looking forward to the global businesses from Nigeria that will emerge from this,” founding investor Iyinoluwa Aboyeji was quoted as saying.

Okosi will lead Google’s business globally, including its advertising, cloud, and hardware products and services.

He is a seasoned media and entertainment executive with over 20 years of experience.

He joins Google from MultiChoice Group, where he was the Managing Director for Nigeria and West Africa. In this role, he was responsible for the company’s pay-TV, video-on-demand, and digital businesses.

Prior to MultiChoice, Okosi held senior positions at MTV Networks Africa, Sony Pictures Television, and the International Broadcasting Trust. He is a graduate of the University of Lagos and holds an MBA from the Lagos Business School.

“I am excited to join Google and to be part of the team that is making a difference in the lives of Africans,” said Okosi. “I look forward to working with our partners and customers to bring the power of technology to everyone on the continent.”

Okosi’s appointment is a significant move for Google as it seeks to expand its presence in Africa.

The continent is home to over 1.2 billion people, and Google is committed to making its products and services available to everyone.

In addition to his experience in the media and entertainment industry, Okosi is also a strong advocate for developing the African tech ecosystem.

He is a member of the board of directors of the Lagos Business School and the African Business Roundtable.

The acquisition will allow Asaak to expand its operations into Latin America and offer its innovative financial solutions to a wider range of customers.

Founded in 2017, Asaak has been providing motorcycle and smartphone loans to Ugandans.

The company is on a mission to unlock the economic potential of marginalized small and medium business owners.

By bringing together a team of individuals with a wide range of backgrounds and a passion for fintech, Asaak is equipping business owners and journeying with them to their bigger dreams.

FlexClub, meanwhile, provides a software platform that allows car rental companies to offer vehicle “subscriptions” to drivers.

The acquisition of FlexClub will allow Asaak to offer a wider range of financial products and services to its customers in Latin America.

The company will also be able to leverage FlexClub’s technology and expertise to expand its operations into other countries in the region.

“The vehicle is the entry point into our credit ecosystem, from which drivers can eventually access additional credit for fuel, repairs, smartphones or other needs they may have. We’ve proven this can be done profitably at scale for our clients , both online and in person,” said Kaivan Khalid Sattar, CEO and founder of Asaak.

The move is part of the company’s commitment to making its global platform emissions-free by 2040.

The new service, called Electric Boda, will initially consist of 3,000 bikes in Nairobi, with plans underway to expand the service to other cities.

The electric bikes are powered by lithium-ion batteries and have a range of up to 60 kilometers. They are also equipped with safety features such as headlights, taillights, and mirrors.

Uber drivers who use electric bikes will benefit from lower running costs and reduced emissions. The company estimates that the electric bikes will save drivers up to 30-35% on fuel costs.

The launch of Electric Boda is a major step forward for Uber in its efforts to make its platform more sustainable. The company has also committed to investing in electric vehicle charging infrastructure in Kenya.

The launch of Electric Boda is also seen as a boost to Kenya’s green economy.

“We are doing our part to aid the transition to eco-friendly mobility products and to support national sustainability objectives. The launch of Electric Boda will provide Kenyans with one of the most affordable ways to move from one place to another, with prices 15-20% below the price of our existing product,” Imran Manji, Uber’s head of East Africa, said during the launch.

The fund will focus on startups in a number of sectors, including fintech, agritech and edtech.

The fund will be managed by Black Ostrich Ventures’ team of experienced investors, who have a proven track record of investing in and supporting early-stage startups in Africa.

“If you look at the capital inflows into VC in Africa, the Big Four countries—Nigeria, South Africa, Egypt, and Kenya—attract all the capital. But most exits do not happen in these markets,” says Ajani Windsor-Areago, General Partner of Black Ostrich Ventures.

The Black Ostrich Ventures Africa Fund is part of a growing trend of venture capital investment in Africa.

In recent years, there has been a surge of interest in African startups from investors around the world.

The launch of the Black Ostrich Ventures Africa Fund is a positive sign for the African startup ecosystem.

The fund will provide much-needed capital to early-stage startups, and it will help to accelerate the growth of the ecosystem.

The project, called the “Quality Healthcare Activity,” will focus on improving the quality of maternal and child health services, as well as the prevention and control of HIV/AIDS and malaria.

The project will be implemented in 67 woredas (districts) in the Sidama, Amhara, Oromia, Central Ethiopia, South Ethiopia, and Southwest Ethiopia Peoples’ Regions.

It will work with local governments, health facilities, and community-based organizations to improve the quality of care, strengthen health systems, and increase access to services.

The project will reach over 10 million people over the next five years. It is part of USAID’s broader commitment to improving health in Ethiopia.

Here are some other details about the project:

– The project will work to improve the quality of care in health facilities by providing training for health workers, upgrading equipment, and improving infrastructure.

– The project will also work to strengthen health systems by providing support for planning and management, and by enhancing the capacity of local governments to deliver health services.

– The project will increase access to services by providing transportation to health facilities, and by providing financial assistance to people who cannot afford to pay for care.

The project is expected to significantly contribute to improving the quality of care, strengthening health systems, and increasing access to services.

The company’s strategic move to enter France reflects its growing presence and commitment to delivering innovative healthcare solutions on a global scale.

Founded to revolutionize the healthcare industry through technology, Sobrus has rapidly emerged as a frontrunner in the digital health landscape.

The company’s platform offers a range of services that streamline healthcare access.

Sobrus’ recent achievement of crossing $500 million in transaction volumes underscores its successful integration of technology to improve healthcare experiences.

The expansion into the French market marks a significant step forward for Sobrus.

By leveraging its expertise and proven track record in Morocco, the company aims to replicate its success in France and contribute to enhancing healthcare services in the country.

Sobrus’ expansion is expected to introduce a range of benefits to the French healthcare landscape.

The company’s success story has been primarily rooted in its pioneering platform, “Sobrus Pharma,” which has become the backbone of over 5,000 pharmacies in Morocco.

This innovative platform seamlessly connects pharmacies, distributors, wholesalers, and pharmaceutical laboratories, streamlining the flow of medicines and healthcare products.

The initiative aims to fuel the growth of startups in this niche sector, enhancing their ability to transform the construction industry through technology-driven solutions.

The accelerator programme, named the “Construction-Tech Innovation Accelerator,” is set to provide a unique platform for aspiring entrepreneurs in Egypt’s thriving startup ecosystem.

With construction being a critical sector in the country’s economy, the programme holds the potential to revolutionize traditional processes and bring forth disruptive advancements.

Startups selected for the accelerator will undergo an intensive mentoring and support program, gaining access to Flat6Labs’ extensive network of industry experts, seasoned mentors, and potential investors.

Additionally, the selected startups will receive seed funding to help kickstart their projects and translate their ideas into tangible products or services.

The programme is designed to cater to a wide range of construction-tech innovations, including but not limited to building information modeling (BIM), sustainable construction practices, smart cities solutions, modular construction, and real-time project management platforms.

Flat6Labs’ launch of the Construction-Tech Innovation Accelerator marks a significant step in fostering technological innovation within Egypt’s construction industry.

By providing startups with the resources, mentorship, and funding needed to propel their ideas forward, this accelerator programme has the potential to reshape how construction is approached and executed in the country.

The Competition Authority of Kenya (CAK) granted the approval on August 22, 2023, after a review of the proposed acquisition.

The CAK said the acquisition was unlikely to negatively impact competition in the digital credit market.

Moniepoint is a payments and lending platform that provides businesses and individuals access to financial services.

Kopo Kopo, meanwhile, is a credit scoring and lending platform that uses data from mobile phones to assess the creditworthiness of borrowers.

The acquisition of Kopo Kopo will allow Moniepoint to expand its operations into Kenya and other East African countries.

The acquisition is also a sign of the growing maturity of the African fintech market.

The acquisition is expected to close in the coming weeks.

In addition to the above, here are some other details about the acquisition:

– Moniepoint is backed by investors such as Tiger Global Management, Sequoia Capital, and Accel Partners.

– Kopo Kopo is backed by investors such as Partech Africa, 500 Startups, and Founders Factory Africa.

– The acquisition will help Moniepoint expand its reach in Kenya and other East African countries.

– The acquisition is also expected to help Moniepoint develop new financial products and services.