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Spanish delivery startup Glovo expands to Kenya after Egypt and Morocco
Glovo, a Barcelona based logistics, e-commerce and delivery startup, has expanded to Nairobi Kenya. This comes after they recently launched in Egypt and Morocco. The Spanish startup is currently testing its operations in Westlands and Kilimani acc...
Uber, Careem launch minibus services in Egypt
Uber and Careem, MENA's two leading ride-hailing companies and rivals are at it again. The two companies have launched minibus services in Egypt. Careem first announced their service - dubbed 'Careem Bus' - as well as plans to expand it to Saudi A...
South Africa's Naked Insurance secures $2.2M in follow-on funding
Naked Insurance, an insurtech startup, has announced that it secured R30 million (~$2,200,000) in funding. The amount came from existing founder-investors, Yellowwoods and Hollard. "After [we] successfully met key milestones, founder investors, Ye...
Uber and Jumo partner to create a car asset financing product
Uber and Jumo - a Cape Town-based fintech - have partnered to create an asset financing product, dubbed Jumo Drive. The product is going to be rolled out across Sub-Saharan Africa after a "successful" pilot in Kenya. Justin Spratt, Head of Busines...
US-based Precursor Ventures enters Africa with two startup investments
San Francisco based early stage VC firm, Precursor Ventures, has entered Africa. According to Sydney Thomas, an investment associate and head of operations at the firm, they have so far made two investments in Africa in 2018. In October, Thomas at...
Uganda's Innovation Village to launch startup fund
The Innovation Village, a hub and incubator in Kampala, is launching a startup fund. Dubbed The 97, the fund will focus on startups that find it hard to get early stage investment. "For a long time, a standard approach to nurturing innovators has ...
Injini invested a total of $280,000 into 7 startups in the second cohort
In July this year, Injini selected seven startups from five African countries to join their second cohort. These were; eLimu (Kenya), Learning Factory (Zimbabwe), BlueBic (Nigeria), Lightbulb (South Africa), ScholarX (Nigeria), SlateCube (Nigeria) an...
In Brief: Zonful Energy gets funding from Energy Access Ventures
Zonful Energy, a provider of clean energy solutions in Zimbabwe, has secured funding from Energy Access Ventures (EAV). Though, there are no details regarding the funding amount and type. Founded in 2013 by William Ponela, Zonful Energy promotes e...
In Brief: Airtel Africa appoints JPMorgan and 7 other banks for IPO
Airtel Africa, a subsidiary of Bharti Airtel, a global telecommunications company with operations in 18 countries across Asia and Africa, yesterday announced the appointment of 8 banks for an intended IPO on an international stock exchange. The ba...
Mali's first bike-hailing startup has the backing of Toyota's Africa subsidiary
The sharing economy, enabled by technology, has disrupted transportation across the globe. But, the sharing economy is not new in Africa. If anything, it is an integral part of most African communities. It is, thus, not surprising that the pioneers o...
The Daily Brief: iSON Xperiences secures $51M in funding, and more
Gulf Capital and AfricInvest have teamed up and invested  $51 million into iSON Xperiences, formerly iSON BPO. The firm is the largest customer service and outsourcing provider in Sub-Saharan Africa. That and more in today's brief. Jumia to distr...
Cellulant and Stanbic Bank partner to lend to Kenyan artistes
Kenya is among the countries in Africa with the highest number of micro-loan providers. Yet, it seems there is still room for more. Cellulant and Stanbic bank are the latest to join the club. But targeting Kenyan artists, against their royaltie...
Bitcoin has dropped by 76% since its peak price 11 months ago
Last month, Bitcoin marked its 10th anniversary. Translating into 10 years since Satoshi Nakamoto published a whitepaper on the cryptocurrency. In the paper, Satoshi envisioned a “purely peer-to-peer version of electronic cash”. According to h...
The Funding Brief: Swvl, SonoCare, and more deals this week
As 2018 races towards the end, funding across the continent is not about to slow down. From transport, telecom, logistics to blockchain companies, everyone is raising funding. Check out this week's highlights below. Sompo Holdings acquired 10% St...
The Daily Brief: Telkom Kenya gets $40M loan from EIB, and more
Kenya's third-biggest telecom operator, Telkom Kenya, secured the loan from the European Investment Bank as it tries to gain market share by expanding its mobile and data services. This comes a month after Airtel Africa secured $1.25 billion in inve...