Nomba, an African fintech raises $30 million pre-series B

Nomba (formerly Kudi) has secured $30 million pre-Series B to expand its payment solutions for African businesses.

Raise gets Carta’s backing to build Africa’s equity management platform

Carta, an equity management platform that was last privately valued at $7.4 billion has backed Raise in an undisclosed deal. It is the US-based companies first African investment.

Hover transitions to an open source community

Due to its inability to raise additional funding, Hover—the parent company of Stax, says instead of shutting down, it is transitioning from a "full-time team to an open source community".

Smile Identity acquires Appruve, to expand its ID verification offering across Africa

Leading KYC compliance and ID verification platform, Smile Identity has acquired Inclusive Innovations, the parent company of Appruve, a Ghana-based ID verification provider, in an undisclosed deal.

Bill & Melinda Gates Foundation-backed i3 initiative announces application for 2nd cohort

Investing in Innovation Africa (i3), a pan-African initiative for start-ups building the future of healthcare supply chains, is calling for leading innovators to join its second cohort.

Payday announces partnership with SpaceX’s Starlink in Rwanda

Payday and Starlink operations in Rwanda will make digital banking accessible to all remote workers & professionals on the continent while ensuring access to fast and reliable internet connection.

Starlink didn’t apply for licence in South Africa, Comms Minister says

The South African government has disclosed that Starlink has not applied for operating licence in the country. Opposition party says its due to unfavourable regulations.

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.