Scaleups

This category contains expansion-related posts from various sources…

Uber reached 150,000 registered drivers in Egypt during 2017
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Uber has confirmed that in 2017 it reached the milestone of 150,000 registered drivers in Egypt. The significant milestone, which maintains Egypt as the largest Afrikan market for the company,…

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Think globally, act locally: TRANSSION’s management of Africa, from Africa
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Since starting in 2006, TRANSSION – formerly known as TECNO TELECOM LIMITED – has seen its sales grow from 310,000 phones annually to around 80mn in 2016. The company was…

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Africa’s biggest internet company isn’t making the right bets on African internet companies
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Naspers, the Cape Town-based media and internet conglomerate, made one of the biggest and most transformative bets in its 102-year old history back in 2001. That was when it bought…

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Kenyan e-commerce startup Sky.Garden raises $1.2m funding
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Kenyan e-commerce startup Sky.Garden has raised US$1.2 million in a round led by Jesper Drescher, the Norway-based TRK Group, The Katapult Accelerator Follow-up Fund, and a syndicate of Danish business…

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Technology Firm Sendy Targets East Africa Expansion After Admirable Returns and Global Support
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Sendy has been around for some time. Back in 2015, the company received a notable push in its operations after it became a beneficiary of Safaricom’s Spark Venture Fund. Having…

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Mall for Africa expands into 11 new African countries
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E-commerce startup Mall for Africa has announced its expansion into 11 new countries in Africa in response to increased demand for its patented platform. Founded in 2011, Mall for Africa…

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Social Enterprise Jibu Raises $7 Million Series B Financing to Accelerate its Launch of Franchises Across Africa
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Jibu, a social enterprise that has reinvented the traditional franchise model has raised $7 million Series B financing round, bringing its total raised to more than $10 million. The Company…

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Taxify & Uber Competitor Mondo Ride raises $2m in capital to fuel its operations in Africa
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UAE’s cab hailing startup Mondo Ride, which launched in Kenya in 2016 to take on Uber, Maramoja Transport has raised $2 million in funding today to bring to $5 million its…

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Nigerian power-as-a-service startup Rensource raises $3.5m
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Lagos-based distributed energy provider Rensource has raised US$3.5 million in bridge financing to grow its power-as-a-service renewable energy business. Rensource, founded in 2015, is a provider of predictable energy on-demand…

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Twiga Foods & Bitpesa Among Africa’s 10 most-funded Startups
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A recent report by Weetracker has revealed two Kenyan based startups, Twiga Foods and Bitpesa are among the top 10 startups that received the most funding in Africa in 2017. Twiga…

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