SA Prop-Tech Neighbourgood Acquires Local Travel Company, Local Knowledge
The goal is to make a positive impact on local communities while fostering meaningful connections.
Paystack Streamlines Global Team to Cut Costs and Localise Operations
Earlier, Femi Iromini, CEO of Moni, mentioned that due to the currency float in Nigeria, revenue changed from $1 per ₦500 to $1 per ₦700, a 40% decrease for most startups.
Wicrypt, Nigerian Web3 Startup, Makes Strides into Chinese Market with Expansion
Currently, Wicrypt's decentralised physical infrastructure network includes nearly 1,100 hotspots across over 30 countries, serving over 45,000 accounts and handling over 895 terabytes of data transmission.
Pineapple, South African Insurtech Secures Impressive $21.3 Million in Series B Funding
The startup's strong growth and sustainable claims ratios, surpassing industry standards, played a key role in attracting this substantial investment.
Fintech Startup Chimoney, Successfully Acquires Scrim
The original mind behind Scrim, Pleasant Balogun, expressed enthusiasm about the acquisition.
Showmax Overtakes Netflix as New Market Leader in African Streaming
Showmax's success is attributed to a 26% year-on-year growth in paid subscribers over the past four years, reaching 1.8 million subscribers.
Mercedes Revs Up South Africa’s EV Infrastructure with 127 New Charging Stations
Mercedes is investing R15 million in the first phase and R25 million in the second phase to kickstart the project. The aim is to encourage more people to buy EVs and provide reliable charging for existing customers.
Shekel Mobility Has Raised $7M to Fuel Vehicle Financing in Africa
The company, backed by Y Combinator, supports dealers in discovering, financing, and selling cars in the African used car market, focusing on a segment that constitutes 82% of the market.
UfarmX Takes Blockchain-Powered Agricultural Revolution to Senegal, Empowering Next-Gen Farmers
Self-funded until now, UfarmX is entering its first external investment round with a notable US$1.7 million term sheet offer from UBA Bank in Senegal.
KudiGo Unveils Innovative Social Commerce Platform in Ghana
KudiGo, established in November 2018, is known for its mobile-based retail system aiding businesses in Ghana and Nigeria with payments, inventory tracking, and financial modeling.