Nairobi-based PayGo Energy raised $3.5M according to their SEC filing
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Nairob-based energy startup, PayGo Energy raised $3.5 million this year per their Securities and Exchange Comission – SEC – filing done in August this year. There are no details regarding the investors and which type of round raised. Though, this recent round of funding would take PayGo Energy’s total idisclosed funding raised todate to at least…

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Four African startups in PeaceTech Accelerator secure multiple partnerships
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All four African startups that took part in the PeaceTech Accelerator‘s fifth cohort have secured corporate partnerships following the conclusion of the accelerator’s eight week programme — Mike Ravenscroft, the programme director of C5 Accelerate which runs the initiative, has revealed. C5 Accelerate launched the Washington DC based accelerator last year in partnership with PeaceTech Lab, a peace building non-profit, in…

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Egypt’s Nawah Scientific Gets USD 1 Mn Funding Boost From Endure Capital
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Egyptian research startup, Nawah Scientific, has secured an investment worth USD 1 Mn in a pre-Series A round led by Endure Capital, with 500 Startups, Averroes Ventures, Egypt Ventures, and angel investor, Dr. A. Abdelhamid, also joining the funding round. This is the first time the startup is raising external investment. Nawah Scientific is a Cairo-based startup that appears to…

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Sawari Ventures announces $35m first closing of $70m North Africa fund
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Egyptian venture capital firm Sawari Ventures yesterday (9 December) announced a $35-million first closing of its $70-million Sawari Ventures North Africa Fund I (SVNFI). The Cairo-based VC firm made the announcement on the sidelines of the last day of the Africa 2018 Business Forum in Sharm El Sheikh in Egypt. In a statement yesterday (9 December), Sawari Ventures stated that…

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Ugandan Startup Swipe2pay Swipes Away USD 40K At BRIDGE East Africa Startup Pitch
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Swipe2pay, a Ugandan startup was picked as the winner of BRIDGE East Africa Startup pitch and secured USD 40K at Weetracker’s first flagship conference event held at Crowne Plaza on 7th December in Nairobi. The announcement was made by Takuma Terakubo the CEO of Leapfrog Ventures whose joint partnership with Weetracker made the event possible. Leapfrog Ventures…

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Meet the African startups that won this year’s Seedstars World pitch events
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After a seven-month long journey that saw the Seedstars World team travel through more than 25 countries on the continent, a total of 17 African startups will this week participate at this year’s edition of the Seedstars Africa Summit which kicks off tomorrow (11 December). The startups are winners of the 17 pitch events Seedstars World held across the continent. North African…

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Egyptian healthtech Vezeeta does it again with new equity raise from the IFC
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Egyptian healthtech startup Vezeeta has raised a new, undisclosed investment from the International Finance Corporation (IFC), a member of World Bank Group — less than three months after closing a $12-million Series C funding round led by Saudi-based STV. Vezeeta has developed one of the Middle East and North Africa’s (MENA) largest healthcare booking platforms and medical practice…

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Tech leaders, startups and creatives to connect at Africa Tech Summit in Kigali
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With less than three months to go until Africa Tech Summit Kigali, the first 35 expert speakers from across the continent have been announced for the pan-African event at the Kigali Convention Centre in Rwanda on February 13-15t, 2019. The Summit will connect over 400 African corporates, start-ups, investors andcreatives, sharing insights from industry leaders including; Safaricom,…

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Kenya’s Konza tech city rekindles promise|Launches STEM bootcamps & innovation forums
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Rome was not built in a day,  and no city will ever be built in a day; not even Kenya’s Ksh 40b Konza Tech City in Nairobi can pull off that. To address the doubts surrounding the viability and progress of Kenya’s Konza Tech City or Konza Technolopolies, the Konza Technopolis Development Authority (KoTDA) has started a…

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Nigeria’s Logistics Startup Kobo360 Raises USD 6 Mn From World Bank’s IFC
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Nigeria’s Uber-like trucking logistics startup Kobo360 has raised USD 6 Mn in its second investment round this year. The equity financing which was gained from World Bank ’s sister organization IFC, will help the company upgrade its e-logistics platform and spread its tentacles to Ghana, Togo and Ivory Coast. This recent investment for Kobo360, which also involved efforts…

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IFC announces firms selected for The Next 100 African Startups Initiative
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The International Finance Corporation (IFC), part of the World Bank, has announced the winners of  The Next 100 African Startup Initiative that will attend the Africa 2018 Forum tomorrow (7 December) in Sharm El Sheikh, Egypt. The Next 100 African Startup Initiative — which the IFC runs in co-operation with the Egyptian Ministry of Investment and International Cooperation (MIIC) — aims…

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Two of Africa’s leading boda-hailing startups are backed by same investor
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Currently, at least 40% of Africa’s population lives in urban areas. But, this figure is projected to rise to 58 per cent over the next three and a half decades. That is according to the UN‐Habitat. Yet, with the rise in the number of urban dwellers comes other challenges – one of them being the…

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