The Empower Africa Business Platform is Now Live !!!
Propel, a Nigerian talent-matching startup that builds sustainable talent pipelines for communities, has raised $2.74 million in seed funding
The round was led by Amsterdam-based No Such Ventures, with participation from APX, Golden Egg Check, and Future of Learning Fund. Founded in 2020 by Sunkanmi Ola, Seun Owolabi, and Abel Agoi, the platform connects communities with global companies, helping to derisk the process of hiring remote talent from emerging markets, particularly in Africa.
Propel plans to use the investment to drive the roll-out and adoption of its community-as-a-service platform. Propel’s platform is currently used by over 100 communities in Africa and the Middle East. The company has seen strong growth in recent months, with the number of job postings on its platform increasing by 300%.
With this latest funding, Propel is well-positioned to continue its growth and become a leading platform for connecting communities with global companies.
Ivorian fintech company Djamo has raised $17 million in a new funding round to expand its financial services across Francophone Africa.
Finnfund has announced an additional €2 million investment in Fibertime Group to help the company expand fibre internet access in South Africa.
Ethiopia’s agricultural sector, the Ethiopian Agricultural Businesses Corporation (EABC), Ethiopian Investment Holdings (EIH), and UK-based private equity firm Asset Green have entered into a shareholders’ agreement to launch a comprehensive dairy and crop farming initiative.