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Bittrex Leads $1.5 Million Round for South Africa Crypto Exchange VALR
Global crypto exchange Bittrex led a $1.5 million seed round in South African trading platform VALR. Bittrex CEO Bill Shihara told CoinDesk the South African market has “tremendous untapped potential.” Fellow VALR investor Michael Jordaan of M...
MultiChoice Group lists on the  Johannesburg Stock Exchange
MultiChoice Group Limited (MCG) today listed on the Johannesburg Stock Exchange (JSE). The listed MCG includes MultiChoice South Africa (MCSA), MultiChoice Africa Holdings (MAH), Showmax, as well as the global digital platform security provider Irdet...
In Brief: Russian marketplace B2B-Export secures $4M from top African businessman
B2B-Export, an online platform that helps Russian industrial companies sell their products abroad, has received $4 million from African businessman Isaac Kwaku Fokuo, Jr., in exchange for a 5% stake. The news was first reported last week by the ...
Egypt's Trella Raises $600k+ Pre-Seed Round Led By Algebra Ventures
Trella, the trucking marketplace that connects shippers with carriers, announced that it has raised $600k+ in a pre-seed funding round led by Algebra Ventures, with participation from strategic investors, global VCs, and notable angel investors inclu...
SunFunder Reaches First Close On New $85m Solar Energy Debt Fund
Last week, SunFunder announced the $42.5m first close of their new Solar Energy Transformation (SET) Fund with anchor investors the Overseas Private Investment Corporation (OPIC), Calvert Impact Capital, Ceniarth and the IKEA Foundation. SunFunder ha...
South Africa's Coindirect Raises €1m Seed Round Led By Concentric
Coindirect, the global cryptocurrency platform, has raised €1m in an investment round led by Concentric, with participation from Blockchain.com, and MakerDAO. The end-to-end cryptocurrency platform, founded by Donald Jackson, Jesse Hemson-Struthers...
Tugende Secures $5M To Expand Financial Inclusion In Uganda
Founded in 2012, Tugende is a Uganda-based for-profit social enterprise dedicated to putting people in control of their economic future. An asset-finance specialist, Tugende provides finance and support to help self-employed entrepreneurs own income ...
Uganda's SafeBoda Is Finalizing Expansion To Third East African Country
SafeBoda - a Uganda-based bike-hailing startup - is among the continent's promising startups going by their expansion and driver growth metrics. Though it describes itself as venture-backed, it is not clear how much SafeBoda has raised to date becaus...
Online Marketplace For African Fashion & Art Secures €500k Seed Round
In 2016, the African Development Bank (AfDB) estimated that the continent's fashion industry could be worth $15.5bn over the next five years leading to 2021. The estimation was supported by the growing interest in African fashion, art and music acros...
Exclusive: Mauritius-based Talent2Africa Scores $1M In Seed Funding
A report published in 2015 by Russel Reynolds Associates pointed out that businesses operating in Kenya, Nigeria and South Africa face a growing executive talent gap and are confronted with a gap in traditional management skills such as team building...
After Expanding To Kenya, Egypt's Swvl Is Now Headed To Uganda
Towards the end of 2018, Mustafa Kandil, co-founder and CEO of Swvl, told Almal News some of their expansion plans. He pointed out that they were looking to expand to “10 cities outside Egypt in 2019, beginning with the Philippine capital of Mani...
Investisseurs & Partenaires Announces Final Closing For €75M Africa Fund
The Investisseurs & Partenaires (I&P) impact investment group, dedicated to African small and medium-sized companies, completed the interim closing of the I&P Afrique Entrepreneurs 2 (IPAE 2) fund, enabling it to reach a total amount of ...
VC Firm VestedWorld Joins Kasha's Growing List Of Backers
VestedWorld, an emerging markets-focused venture capital fund, has announced its investment into Rwanda's Kasha - an e-commerce company focused on women’s health and personal care. VestedWorld revealed no further details regarding the deal except p...
Beyond Capital Fund announces investment into Kenya's Tulaa
We had erroneously stated this as a follow-on round. Instead, it is a part of the $627,000 seed round which they announced in July 2018....
Tunisia's med.tn secures $660k from Carte Assurance
Med.tn, an online platform that allows users to find doctor closest to them and make appointments for free, recently closed an investment from Carte Assurance, one of Tunisia's leading insurance companies. The two companies signed the MoU towards ...