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Founders factory

Founders Factory, a UK corporate-backed accelerator, expands to Africa

Founders Factory, a UK-based corporate-backed accelerator announced that it has expanded to Africa. The accelerator's continental office is in Johannesburg, South Africa. "We are proud to announce the launch of our first...
Flutterwave webuycars funding

Flutterwave now has $20M in total funding. The CEO is stepping down

Flutterwave, a payments startup, has completed its Series A Extension round of financing. The investment came from Mastercard, CRE Ventures, Fintech Collective, 4DX Ventures, Raba Capital and more. The round brought Flutterwave's...
SolarWorks

SolarWorks raised €2M, looking to boost international expansion

SolarWorks - a pay-as-you-go (PAYG) company with operations in Mozambique - announced it had raised €2 million. The venture round was led by EDP Renovaveis SA with participation from Persistent Energy Partners. The...
African ICO

What you should know before participating in an ICO

After a warning from Uganda’s central bank about OneCoin, there continue to be stories about other coins claimed to be Ponzi schemes. In spite of this, many cryptocurrencies are traded in...
SunFunder

SunFunder closes $25M for new fund focused on Asia and Africa

SunFunder has announced that OPIC committed $25 million to its new fund. "We are delighted to announce that OPIC has committed $25 million to the Solar Energy Transformation (“SET”) Fund," wrote...
blockchain startups operating in africa

Here are 8 notable ICOs by blockchain startups operating in Africa

Initial Coin Offerings (ICOs) are becoming an easier way for startups to raise funding not only in the US but in other parts of the world, Africa too. According to a...
Ethiopia Drones

‘Made in Ethiopia’ drones to be used to deliver medical supplies

Last year, my grandfather saw a moving object in the sky while attending an Orthodox Christian religious event in Addis Ababa. He wondered and thought of it as a foreign country...
Naspers funding

These 14 investors have led Africa’s biggest funding rounds this year (so far)

According to Partech ventures, there was $560 million in venture capital funding that flowed into Africa in 2017. This was a significant rise from $367 million that was reported in 2016....
Ethiopia switched off

Ethiopia switched off the internet last week, Benin repeals social media tax

Last week, Ethiopia switched off the internet in the Addis Ababa areas. That is according to Chinese News Agency, Xinhua, and Berhan Taye - who leads Access Now's #KeepItOn campaign against...
Jumo CEO Andrew Watkins-Ball. funding

The Funding Brief: A total of $160M was raised this week, and more

This week registered the highest round of funding raised across the continent since the year began when Naspers invested in Webuycars. Several other investments were made including the $54 million in...