Tag: Tech News
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E-Motorcycle Maker Ampersand Raises $2 Million to Expand East African Electric Motorcycle Market
Rwandan electric motorcycle manufacturer Ampersand has announced a $2 million Series A extension, bringing its total funding to $21.5 million.
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Kenyan Startup Sukhiba Connect Raises $1.55 Million to Expand WhatsApp-Based Commerce
Kenyan social commerce startup, Sukhiba Connect, has secured a $1.55 million seed extension round, bolstering its efforts to expand its WhatsApp-based commerce platform across Africa and emerging markets.
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Fido Secures $10 Million in Series B Funding to Expand Digital Lending in Africa
Ghanaian-Ugandan fintech platform, Fido, has announced a significant boost to its operations with the successful acquisition of $10 million in Series B funding.
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Uganda’s UTel to Receive $225 Million Investment from Rowad Capital
Uganda Telecommunications Corporation Limited (UTel) is poised to receive a significant financial boost with a $225 million investment from Rowad Capital Commercial (RCC) LLC.
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Untapped Global Invests in Kenyan EdTech Startup ElimuTab
Untapped Global, a leading impact investment firm, has announced a strategic investment in ElimuTab, a Kenyan educational technology startup.
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Kenyan HR Startup Workpay Secures $5 Million in Series A Funding to Expand HR and Financial Services Across Africa
Kenya-based HR and payroll platform Workpay has secured a $5 million Series A funding round led by Norrsken22.
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Egypt’s Climate Startup NoorNation Secures Funding from KBW Ventures
Egypt-based climate-tech startup, NoorNation, has secured an undisclosed investment from KBW Ventures, a venture capital firm founded by Saudi Prince Khaled bin Alwaleed.
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Egyptian VC and Incubator Firm T-Vencubator Launches Program to Invest in 5 Startups
Egypt’s T-Vencubator, a prominent venture capital firm and incubator, has unveiled its initial investment program, which aims to back five startups by 2025.
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Nigerian Fintech Waza Secures $8 Million to Expand B2B Payments Across Africa
Waza, a Nigerian fintech startup specializing in B2B payments and liquidity solutions for emerging markets, has raised $8 million in a combination of equity and debt financing.