Tag: Investment News
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Google Unveils 10 African Startups for Accelerator Program
Google has announced the selection of ten promising startups from across Africa for its eighth Accelerator Africa program.
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World Bank Commits $100 Million to Boost Zambia’s Digital Infrastructure
The World Bank has pledged a $100 million investment to accelerate Zambia’s digital transformation through the Digital Zambia Acceleration Project (DZAP).
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Egypt E-Commerce Platform Cartona Secures $8.1 Million in Series A Extension Round
Cartona, one of the leading B2B e-commerce platforms in Egypt, has successfully raised an additional $8.1 million in a Series A extension round, bringing the total Series A funding to $20.1 million.
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MasterCard and Premier Bank Launch Digital Payment Platform for Somali Businesses
Mobility startup LULA has announced a significant expansion through the acquisition of UK-based Zeelo’s South African operations.
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South African Mobility Startup LULA Expands Footprint With Zeelo Deal
Mobility startup LULA has announced a significant expansion through the acquisition of UK-based Zeelo’s South African operations.
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Top 10 Most Funded African Startups in H1 2024 (Numbers, Analysis, & Trends)
The first half of 2024 marked a challenging period for African startups, with a substantial decline in total funding compared to H1 2023.
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Ethiopia and UAE Launch “5 Million Ethiopian Coders” Initiative
Ethiopia and the United Arab Emirates (UAE) have launched the “5 Million Ethiopian Coders” initiative.
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Arise IIP and AFC Launch $100 Million Fund for African Entrepreneurs
Arise IIP and Africa Finance Corporation (AFC) have joined forces to establish a $100 million fund dedicated to supporting African entrepreneurs.
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Nigeria’s Intron Health Secures $1.6 Million to Revolutionize African Healthcare with AI
Intron Health, a pioneering Nigerian health-tech startup, has successfully raised $1.6 million in a pre-seed funding round led by Microtraction.