Lucy Ngige

Lucy Ngige

Top Startup Acquisitions In Africa, 2019

2019 has been an eventful year in the African startup ecosystem. As expected, a number of startups have raised funding,

RiseUp Acquires StarterHub, Two Months After Acquiring Menabytes

RiseUp, an Egyptian platform known to organize one of the leading entrepreneurship events in the MENA region, has acquired StarterHub,

Almentor To Accelerate Course Development With USD 4.5 Mn Series A Funding Secured

Almentor, an e-learning video marketplace with operations in Dubai and Cairo has secured a USD 4.5 Mn series A funding

Egyptian Logistics Startup Sprint Raises Six-Figure Seed Funding Following USD 1.25 Mn Pre-Money Valuation

Sprint, a logistics and delivery startup founded in 2018 has secured a six-figure seed funding from an undisclosed angel investor


The Largest VC In The World Is ‘Embarrassed’ Of Its Investments

Japanese Billionaire, Masayoshi Son has been known to place huge bets and invest millions in tech startups through the USD

SweepSouth Looking To Grow Its South African Market Share Following Closure Of USD 3.3 Mn Round

Sweepsouth, a South African online platform that provides on-demand domestic cleaning services has raised R 50 Mn (USD 3.3 Mn)

OPIC Injects USD 200 Mn Into Nigeria’s Union Bank

Union Bank of Nigeria has received a ten-year term loan of USD 200 Mn in funding from the Overseas Private

Flutterwave Emerges Only African Startup To Appear In Y Combinator’s Most Valued Companies

Y Combinator recently released a list of 102 of its most valued companies as of October 2019, which had an

SA-made Securitech Startup Sentian Secures A Round Of Funding From Imfezeko Investment Holdings

Cape Town’s Sentian, a developer of smart security solutions, has just announced securing funding from Imfezeko Investment Holdings, a deal

SA’s 4ORT Secures Global Patent For First ‘Fraud Free’ QR Code

4ORT, a Cape Town- Based startup is the first startup to launch a ‘fraud-free’ QR code dubbed Digital 4ORT ID

Private Equity Industry In South Africa Remains Resilient Despite Tough Economic Times

The March 2019 edition of the RisCura – SAVCA South African Private Equity Performance Report shows that prospects for the

Kenyan Logistics Startup Lori Expands Into Nigeria Aiming To Increase Its Footprint Across Africa

Nairobi-based Lori which was launched in 2016 has officially announced its expansion to Nigeria. This comes after a successful 10-month