JUMIA Raises USD 196 Mn IPO Round

After some weeks of waiting, Africa’s Amazon has finally sealed the deal with an IPO round to the tune of

Infant Mortality-Focused Healthtech Neopenda Raises USD 1 Mn From Axel Johnson Inc and SUNU Capital

Uganda-focused, Chicago-based healthtech startup Neopenda has closed another financing round. The firm which makes wearable neonatal monitors has raised a

Global Pharmaceutical Company Merck Acquires Kenyan ConnectMed’s Telehealth Applications

Africa’s digital health startup ConnectMed has entered into an agreement with Merck KGaA, a global pharmaceutical company, who will take

Thinking Of Quitting That Job? Here Are Five Successful African Entrepreneurs Who Chose Passion Over Profession

“If you don’t have enough belief in your dreams to actually put in the work, then you’ll just have to

Africa’s Digital Music Service Boomplay Raises USD 20 Mn Series A Funding

Africa’s digital music service Boomplay Music announced it has raised USD 20 Mn in funding in Series A. The China-born

Nigerian Online Classifieds Platform Jiji Takes Over OLX Africa

Nigerian online classifieds marketplace Jiji.ng has acquired Naspers-backed OLX businesses in Ghana, Kenya, Tanzania, and Uganda. While the deal is

Ghana’s Healthtech mPharma Wins Skoll Award, Receives USD 1.5 Mn

Skoll Foundation, a U.S-based platform that honors transformative leaders that drive sustainability and impact, has announced mPharma – a Ghana-based

AfDB Approves USD 14 Mn For Francophone West African SMEs

The African Development Bank (AfDB) has given the green light for a €12.5 Mn (USD 14,055,837) equity funding via Investment

“Market Validation” For S.A’s Fancam Sports After Recent USD 100 K Raise From Stadia Ventures

Africa’s sports industry is not at a standstill. In fact, it is now more promising than it has ever been.

Egypt’s B2B Startup Brimore Raises USD 800K Seed Funding

Cairo-based consumer goods distribution network Brimore has raised USD 800K in a seed funding round co-led by Algebra Ventures and