WIOCC Group secures $30M to support Africa’s digital infrastructure expansion

WIOCC Group has secured a $30 million equity investment from IFC to support Africa’s digital infrastructure expansion

Lagos suspends ₦150,000 safety audit fees for tech hubs

The Lagos State Safety Commission has suspended the planned implementation of ₦150,000 safety audit fees for tech hubs and co-working spaces.

Numida will provide more loans to African MSMEs with $12.3M pre-series A

Y Combinator-backed Numida has raised $12.3 million in debt and equity funding in a round led by Serena Ventures.

SweepSouth lands $11m investment for its pan-African expansion

SweepSouth has raised $11 million in a funding round led by Alitheia IDF, a private equity fund.

Why Uber and Bolt drivers in Kenya are protesting

In Kenya, Uber and Bolt's drivers staged a protest on Monday to ask riding-sharing companies to reduce their commission per NTSA regulations.

Farmerline secures an additional $1.5M pre-Series A to expand across West Africa

Ghana-based agritech startup, Farmerline has secured an additional $1.5 million pre-Series A to expand across West Africa.

A review of the MTN 5G router

MTN's 5G network service is enabled in certain parts where it will accelerate the development and digitisation of key sectors like education, healthcare and manufacturing.

Bill Gates-backed i3 initiative selects 30 African healthtech for its $7M fund

30 leading African startups in healthcare supply chains selected to receive impact support from Gates Foundation, MSD, WHO-AFRO.

Vendease secures $30M to enable procurement for restaurants across Africa

Vendease has secured $30 million in an equity and debt funding round to power operations for restaurants across Africa

YouTube wants to provide 45% of ad revenue to Shorts creators

YouTube has announced that it would introduce advertising to Shorts and give creators 45% of the revenue.

Bamboo expands into Ghana

After Bamboo announced its $15 million Series A funding in January 2022, the fintech startup revealed that it intends to enter new markets like Ghana, Kenya and South Africa. Prior to the funding, Bamboo announced its plan to launch in Ghana in April 2021, as of January 2022 more than 50,000 Ghanaians joined the waitlist.

Starting Sept. 30, First Bank will suspend int’l transactions on its Naira Mastercard

First Bank of Nigeria will suspend international transactions on its Naira Mastercard from September 30, 2022, according to TheCable.