Cairo-based Foodtech Startup Yumamia Raises USD 1.5 Mn For Expansion To Saudi Arabia

Egypt’s app-enabled food delivery startup Yumamia has secured USD 1.5 Mn in Pre-Series A investments from Saudi-based boutique consulting firm

Facebook’s NG_Hub Has Invested USD 400 K In Nigerian Startups

One year after establishing the NG_Hub in Lagos, Nigeria, the social media giant says that it has digitally trained over

Central/East African Fund Manager XMSL Makes Follow-On Investment In DRC’s SOS Médecins de Nuit

Central and East Africa-focused fund manager XSML, via its African Rivers Fund, has made an unspecified amount of follow-on investment

Africa’s Bitcoin Search Is Not Just Leading, But Also At An All-Time High

Africa is leading the rest of the world as regards interest in Bitcoin. Google Trends show that the most searches


Game Of Drones: Logistics Unicorn Zipline To Get More African Wings After USD 190 Mn Funding

Drones are coming. One of the best-known drone startups on the planet, Zipline, has raised USD 190 Mn in funding

Egyptian Fintech Startup XPay Secures USD 250 K Angel Investment

Cairo-based fintech startup XPay has raised USD 250 K in funding from a pair of unidentified angel investors. This investment

Kenya-based Medtech CarePay Gets USD 45 Mn Ticket For Its Nigerian And Tanzanian Journey

Kenya-based healthtech startup CarePay recently concluded a Series A funding round of USD 45 Mn, a growth capital which came

We Didn’t Falsify Our Figures, Africa Lacks The Calibre Of Investors We Need – Jumia CEO On Fraud Claims

In response to rife allegations of securities fraud, Jumia Nigeria CEO, Juliet Anammah, addressed claims that the company falsified figures

As Naspers Sells Buscape To Zoom, Its WeBuyCars Deal Is Legally Threatened

South Africa’s conglomerate Naspers has agreed to sell Brazilian online comparison site Buscape to competitor Zoom, while the country’s Competition

Vodacom Agrees To Buy Majority Stake In S.A’s IoT.nxt

Vodacom Group has announced that they have reached an agreement to purchase a majority stake in South Africa’s internet of