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What ALA's “The Young Entrepreneurs Fund” means for African entrepreneurship  
Fred Swaniker is a great friend of mine. Not only do we both originate from the centre of the earth (Ghana), we both had stints at Stanford University - though, at different times.   And, like me, he quickly returned to Africa to start the Africa...
U.S. tennis star Serena Williams is an investor in Andela
On Wednesday this week, U.S. tennis star Serena Williams publicly launched her venture capital firm that she has kept from the public eye for close to 5 years. "In 2014, (yes I know I can keep a secret) I launched Serena Ventures," she wrote on her I...
Ghana's KudiGo closes $450k Seed round led by Founders Factory Africa
KudiGo, a Ghanaian fintech & big data startup that is innovating around informal retail, has today announced that it raised a $450,000 seed round. Newly launched accelerator and incubator - Johannesburg-based Founders Factory Africa - led the ...
South Africa's Centbee raises £1M in Series A funding
South African-based Bitcoin company, Centbee, announced today that it has closed its Series A round with entrepreneur Calvin Ayre, founder of Antigua-based investment firm, Ayre Ventures and CoinGeek. Ayre, who has invested £1 million (R18.3 mill...
SA fintech Lulalend to receive $2.8 million from IFC as part of Series A
South Africa-based online lending platform Lulalend is set to receive $2.8 million from the International Finance Corporation - IFC - as part of their Series A. The revelation was made by the IFC disclosure which was made public on April 8, 2019. It...
Founders Factory Africa, Standard Bank invest in first five fintech startups
Founders Factory Africa (FFA) has today announced the selection and investment into their first five fintech startup businesses in Africa. According to the press release, the accelerator - together with Standard Bank - will be looking to scale these...
What You Should Know About Africa's First Unicorn Ahead of Its IPO
Launched in 2012, Jumia Group is set to become Africa’s first technology company to list on the New York Stock Exchange. Additionally, it is poised to become the first unicorn, company with a valuation estimated at over $1 billion. However, althoug...
Africa’s Talking Promotes Chief Commercial Officer To CEO Role
"We can change Africa in our lifetime." This is the mantra that drives everything we do. We know that Africa's unique problems can only be solved efficiently by Africans. Over the years, Africa's Talking has grown to become a company that is communit...
PO8 signs partnership with firm that will lead their $1M investment round
PO8, an award-winning Bahamian tech company in the marine archaeology space is the latest blockchain entrant to the African continent, looking to scale its operations in underwater artefact recovery powered by distributed ledger technology. Strategic...
Senegal's Shopmeaway Raises $100k From State-Supported Startup Fund
Shopmeaway, a tech-enabled logistics company, provides delivery services for customers in Senegal who order from international online stores. The company is one of four startups selected in the inaugural cohort for Délégation Générale à l'Entrep...
This micro VC has injected over $3.5M into 8 African startups in under a year
Often times, African startup founders cite access to funding among the top challenges they face when trying to bring their ideas to life. Yet, over time, the African continent is seeing more and more investors willing to back startups headquartered o...
When should a startup be regarded as African?
On March 1, 2017, I launched a blog called Startup Digest Africa (which later became Digest Africa). The goal was to tell stories of high-growth early-stage African businesses that had the potential to become pan-African. Through that, my thinking...
Golden State Warriors’ Andre Iguodala joins Jumia Board of Directors
Leading e-commerce platform in Africa, Jumia announces the addition of the NBA player and tech “ambassador” on its board. Andre Iguodala, a member of the three-time reigning NBA champion Golden State Warriors, has joined the Board of Directors...
African Startups That Have Raised At Least $20M In A Single VC Round
Last year, the US recorded over $100 billion in venture capital investment according to CB Insights report while Africa only recorded less than $1 billion per Digest Africa data. Yet, although there is still a huge gap between venture capital investm...
In Brief: Bboxx Crowdfunds €6 million For Its African Solar Projects
A London utility company has raised €6 million ($6.8 million) for its African solar projects through a crowdfunding site —  which it says is the largest transaction of its kind to-date. BBOXX, formed in 2010, has operations in 12 African coun...