EIB Global Commits $30 Million to Seedstars Africa Ventures for African Entrepreneurial Risk Capital Support
While not focused on a specific industry, Seedstars Africa Ventures is interested in companies enhancing products, services, and efficiency, especially those in utilities, healthcare, and education.
Wasoko and MaxAB Announce Plans to Cut Workforce by 10%
Importantly, impacted workers will be able to retain their stock options even after leaving Wasoko and MaxAB.
Cleva, Nigerian Fintech, Joins Y Combinator Winter 2024 and Secures $1.5 Million in Pre-Seed Funding
The company currently allows users to accept ACH or domestic wire payments from any US bank account and receive payments from various platforms, including Payoneer, Upwork, Deel, Fiverr, Amazon, and more.
Twiga Foods CEO Steps Down from Board Just a Month After Announcing Six-Month Sabbatical
Njonjo, looking ahead, plans to be a supportive shareholder and explore new opportunities.
Neobank Sensation: Kuda Hits ₦55.8 Trillion Transaction Milestone in Just Four Years!
Licensed as a microfinance bank by the Central Bank of Nigeria, Kuda offers account opening, money deposits, transactions, and credit services.
iSchool Raises $4.5m Funding For International Expansion
iSchool offers live gamified classes led by coding instructors, catering to students aged 6-18. The curriculum spans AI, VR, app, game, and web development.
Ampersand, Rwandan E-Bike Startup, Raises $19.5 Million in Funding for Expansion
Established in 2016, Ampersand builds and finances electric motorcycles that outperform traditional petrol motorcycles widely used in East Africa.
SpaceX Breaks Records and Reveals Future with Starlink Satellite Phones
SpaceX aims for even greater heights in 2024 with plans to conduct up to 144 Falcon missions.
Tingo Former CEO Charged With Securities Fraud
Founder and former CEO of Tingo companies Dozy Mmobuosi, has been charged with securities fraud.
Koree Secures $200,000 Pre-Seed Funding
Koree’s solution is aimed at resolving the issue of spare change in cash-dependent economies.