Tag: Startup News
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Eswatini-Born Swoop Raises $7.3 Million Seed Round to Launch Food Delivery Expansion in Nigeria
Swoop, a food delivery startup founded in Eswatini, has secured $7.3 million in seed funding as it prepares to enter Nigeria, marking its first expansion beyond its home market.
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How Andela is Connecting African Tech Talent to Global Jobs in the AI Economy
Andela connects African tech talent to global opportunities, building a scalable workforce for the AI economy through a global talent marketplace.
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AfDB Backs Nigeria’s Digital Push with $200 Million to Deploy 90,000km of Fibre and Create 2.8 Million Jobs
The African Development Bank Group has approved a $200 million loan to Nigeria to support a major national programme aimed at expanding broadband infrastructure, improving digital skills, and creating jobs.
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South Africa’s Nafasi Water Raises $9.8 Million from Norfund to Expand Water Infrastructure Projects
Norfund, the Norwegian development finance institution, has invested R160 million (approximately $9.8 million) in South African firm Nafasi Water Technologies.
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Proparco Commits $17.25 Million to Alterra’s Pan-African Growth Fund
Proparco, the private sector arm of the French Development Agency, has invested $17.25 million in the Alterra Africa Accelerator Fund (AAA Fund).
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East Africa-Born Lua secures $5.8 million to Scale Platform for Human–AI Collaboration
Lua, a startup building software that allows businesses to work alongside artificial intelligence agents, has raised $5.8 million in a new funding round led by Norrsken22.
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Acumen Backs Ugandan Agribusiness Omia to Expand Support for Smallholder Farmers
Acumen has announced a new investment in Omia Agribusiness Development Group, a Northern Uganda-based enterprise working with smallholder farmers, including those in refugee-hosting communities, to improve access to agricultural inputs, training, and markets.
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South Africa’s AI Diagnostics Raises $5.2M to Expand AI-Powered TB Screening Tools
Cape Town-based health technology company, AI Diagnostics, has secured ZAR85 million (about US$5.2 million) in new funding to expand the reach of its artificial intelligence-driven tools aimed at improving tuberculosis (TB) detection.
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PowerLabs Secures Pre-Seed Funding to Tackle Nigeria’s Persistent Energy Challenges
PowerLabs, a Nigerian energy and climate technology startup, has raised pre-seed funding in a round led by venture firm Breega, with additional backing from Catalyst Fund, Mercy Corps Ventures, and Kaleo Ventures.