BD Insider, Letter 100: The yin and yang of digitising Africa’s informal retail sector

BD Insider, Letter 100 explores the ying and yang of digitising Africa's informal sector, the Central Bank of Kenya's plan to adopt digital currencies.

Update VAT records by Feb. 25 — Facebook asks Nigerian advertisers

Facebook has instructed its Nigerian advertisers to update their Value Added Tax, VAT records to the site on or before February 25, 2022, or risk not having their adverts displayed on the platform.

Duplo secures $1.3 million to create payment infrastructure for B2B business

Nigerian fintech, Duplo has raised $1.3 million pre-seed fund to digitise payment flows for B2B companies

Moove partners with CFAO Motors to purchase new vehicles for Nigeria and Ghana’s mobility entrepreneurs

The partnership, which will leverage CFAO’s local network and extensive presence, will allow the rapid delivery of brand new vehicles that are more environmental friendly.

NAICOM and FSD Africa launch insurance focused accelerator program – BimaLab

BimaLab Nigeria aims to address gaps in the insurance market by equipping, educating, nurturing, and promoting innovators and Insurtech start-ups.

BasiGo gets $4.3 million to enable the adoption of electric vehicles in Kenya

Three months after its launch, BasiGo, a Kenya-based electric vehicle (EV) startup has closed $4.3 million in seed funding to accelerate clean-energy mass transit vehicles in Kenya.

Mecho Autotech secures $2.15 million seed fund to expand vehicle maintenance and repair services

Mecho Autotech, a Nigerian vehicle repair and maintenance startup has closed a $2.15 million seed round.

Transtura acquires fintech WazoMoney to launch payment and marketplace solutions

The acquisition will enable Transtura to launch its payment and marketplace solutions in the transportation sector.

Guaranty Trust Holding Company acquires Investment One Funds Management

Guaranty Trust Holding Company (GTCO) has concluded the acquisition of the 100% equity stake in Investment One Pension Managers Limited (IOPM) and Investment One Funds Management Limited (IOFM).

Reliance Health raises $40 million in Series B round

The round was led by General Atlantic, a leading global equity investor with participation from Partech, Arvantis Social Foundation, Picus Capital, Tencent Exploration, P1 Ventures, Laerdal Million Lives Fund, M3 Inc., and AAIC (Asia Africa Investment and Consulting).

Afrilearn to offer free primary and secondary education for Nigerians

Afrilearn, an edtech startup has announced that its mobile app can be accessed for free by primary and secondary school students across Nigeria and beyond.

Bridgia Africa joins Google for Education Integrated Solutions Initiative

Through this partnership, Bridgia is now one of the 21 Google for Education Integrated Solutions Initiative partners in the region of Europe, the Middle East, and Africa.