Village Capital's Husein Merchant explains how the global investor wants to invest $4 million in Africa after investing in seven startups in West Africa.
Egyptian fintech startup Zeal has raised US$10 million in funding to help it expand globally. Founded in 2019 by Omar Ebeid and Belal Mohamed, Zeal develops software that integrates with existing payment terminals, enabling physical retailers to identify and reward customers at checkout and turn in-
South African startup Market Reflex has launched a trader-development platform designed to help self-directed traders improve discipline, decision-making and self-awareness. Launched this year, the Market Reflex app combines structured trade journaling, pre- and post-trade reflection, written tradin
Catalyst Fund has invested in OKOA, an African electric-mobility startup developing an interoperable battery-swapping network for electric motorcycles. The investment will support OKOA’s rollout of battery-swapping infrastructure as the company moves toward commercial deployment in African markets.
Kenya’s active mobile subscriptions climbed to almost 88 million by the end of June, exceeding the country’s population as individuals and businesses maintain multiple SIM cards across different networks and for different services. The number of active mobile subscriptions reached 87.999 million in
TikTok has begun asking Kenyan content creators to submit tax-residency and personal information as the platform prepares to comply with Kenya’s withholding-tax requirements on digital content income. Creators are being directed through TikTok’s platform announcements to complete a Kenyan tax form,
Ghanaian agritech company Complete Farmer has secured a $2.4 million convertible loan from the International Finance Corporation (IFC) and the Business Investment Financing Track (BIFT), adding to a separate equity raise that has brought in $9.2 million of a targeted $12 million. The debt comes with
Nigerian cybersecurity startup Aeon has raised $1 million in a pre-seed funding round led by Terra Industries, as the African defense and critical-infrastructure company expands into digital security. Terra Industries said on Sept. 18 that the round also attracted participation from Resilience17, th
Egyptian fintech startup Zeal has raised US$10 million in funding to help it expand globally. Founded in 2019 by Omar Ebeid and Belal Mohamed, Zeal develops software that integrates with existing payment terminals, enabling physical retailers to identify and reward customers at checkout and turn in-
South African agri-tech startup Divisi is a farm management platform that helps smallholder farmers know what to grow, when and how, in order to minimise losses and consistently achieve high yields. Founded this year by Isaac Chikutukutu, Divisi computes agronomy for one farmer’s actual field, rathe
South African startup Market Reflex has launched a trader-development platform designed to help self-directed traders improve discipline, decision-making and self-awareness. Launched this year, the Market Reflex app combines structured trade journaling, pre- and post-trade reflection, written tradin
Meta is partnering with African AI accelerator This Is Digital to launch an AI academy in Kenya, targeting students, developers, startups, small businesses and professionals as demand for artificial intelligence skills grows across the country. The Meta AI Academy Kenya will combine developer traini
Payments technology company Zeal has raised $10 million in a funding round that will finance a global expansion across more than 4 million payment terminals under contracts signed with acquiring companies, taking its total funding to $14 million. Zeal, which was founded in Egypt, did not disclose th
Mamor Capital has secured R300 million ($18.8 million) in the first close of its debut venture capital fund, giving the black women-owned investment firm capital to begin backing post-revenue technology companies in South Africa. The Johannesburg-based firm is targeting R550 million ($34 million) fo
