The Empower Africa Business Platform is Now Live !!!
Shuttlers, a Nigerian innovative shared-mobility platform, has secured $4 million in funding for expansion.
The funding round was led by Verod-Kepple Africa Ventures, with follow-on investment from VestedWorld, EchoVC Partners, CMC 21 & Alsa, and SheEquity. Founded in 2016, Shuttlers offers a range of shared transportation options, including buses, vans, and cars, with routes that cover major cities and suburbs across Nigeria. Their app-based platform allows users to book rides in real-time, and the company is committed to providing safe, comfortable, and reliable services. The company aims to make transportation more accessible and affordable for all Nigerians.

Uncover, a Kenyan innovator in personalized skincare, has secured $1.4 million in seed funding to fuel its expansion into the United States, Ghana, and Uganda.

Uncovered Fund, a Tokyo-based venture capital firm, has teamed up with Japanese financial services group Monex Ventures to roll out the Uncovered Monex Africa Investment Partnership (UMAIP)—a $20 million fund designed to fuel early-stage innovation across Africa and the Middle East.

Development Partners International (DPI), along with its co-investors, has finalized an agreement to invest $190 million in Alameda Healthcare, one of Egypt’s leading private healthcare groups.