Chargel secures $2.5M to expand its logistics offering in Francophone Africa

Senegalese logistics company, Chargel has secured $2.5 million seed; in a round led by Logos Ventures. Chargel will expand to an undisclosed country in Francophone Africa.

Copia exits Uganda, to focus on Kenyan operations

B2C e-commerce company, Copia has shut down its Ugandan operations due to the economic downturn. However, it will double down on its operations in Kenya.

Microsoft ADC revamps computing curriculum at Kenyan varsity

Following a review by Microsoft ADC Kenya, Jomo Kenyatta University of Agriculture and Technology is adding emerging tech and UI design courses.

Autochek acquires a majority stake in Egypt’s AutoTager

Autochek has acquired a majority stake in Egypt’s AutoTager to strengthen pan-African footprint, ten months after it expanded into North Africa. This is its second acquisition in the region.

Chekkit secures additional funding to scale its blockchain-powered drug safety & tracking technology

Chekkit has raised an undisclosed round from Adaverse, a Cardano ecosystem accelerator, with participation from existing investors like RTA, HoaQ, Launch Africa, and Blockchain Founders Fund.

SME Growth Lab partners Shecluded to empower African female entrepreneurs

To commemorate the 2023 International Women’s Day, SME Growth Lab Africa and Shecluded have entered a strategic partnership that will enable female entrepreneurs across Africa to participate in SME Growth Lab’s first women-only cohort of its Digital Accelerator Program.

20 funding terms every startup founder should know

Understanding funding terms is essential to ensure that you make informed decisions when it comes to securing funding for your startup. Here are 20 funding terms that every founder should know.

Lazerpay shuts down after inability to raise funding

Nigeria's federal executive council has approved the national policy on blockchain. Through the policy, the country will develop regulatory framework to govern the adoption of the technology.

Ex-Chipper VP, Wiza Jalakasi to lead EBANX’s African operations

Brazillian fintech unicorn, EBANX has hired Wiza Jalakasi, the former VP of global merchant payments at Chipper Cash, to lead its African operations.

Google to prevent financial lending apps from accessing user photos, contacts

Google will prevent apps that offer loans to individuals from gaining access to their photos, videos, and contacts in a bid to address predatory behaviour from some lenders.

Nigeria inaugurates digital innovation council to drive Startup Act

In line with the Nigeria Startup Act, President Muhammadu Buhari has inaugurated the National Council for Digital Innovation and Entrepreneurship to drive the adoption of the Act.

SA fintech Peach Payments secures $31 million Series A

South African-founded fintech Peach Payments has secured $31 million Series A funding from equity fund manager Apis Growth Fund II.