IFC
Investment

IFC Invests $10m in Knife Capital Fund III to Support South Africa’s Digital Entrepreneurs

The International Finance Corporation (IFC) has invested in Knife Fund III, a new fund managed by Cape Town-based venture capital

Accelerator

Flapmax Partners With Microsoft to Scale Africa’s Digital Ecosystem

Flapmax has partnered with Microsoft to help strengthen and scale Africa’s digital ecosystem with the launch of FAST, a startup accelerator.  Entrepreneurs based

Mecho Autotech
Funding Investment News Venture Capital

Mecho Autotech Secures $2.15m to Fix Nigeria’s Vehicle Maintenance

Mecho Autotech, a Nigerian on-demand auto repair and maintenance startup, has raised a $2.15 million seed round.  The Investors in

SOKNA
Funding Investment Venture Capital

Egypt’s SOKNA Bags $1m Funding

SOKNA, an Egyptian company that provides comprehensive funeral services, has raised a $1 million round of funding. The list of

Createch
Accelerator

Apply: CCHub’s Createch Accelerator 1.0.

The Creative Economy Practice at CcHUB has launched a call for applications for Createch Accelerator 1.0. The Accelerator programme is for

Acquisition Mobility Ride-hailing

Nigerian Mobility Startup, Transtura Acquires WazoMoney

Transtura, a Nigerian ride-hailing startup, has acquired WazoMoney, a fintech startup that provides simplified payment solutions. The acquisition will enable

Reliance Health
Funding Health Investment Venture Capital

Nigeria’s Reliance Health Raises $40M in Series B Led by General Atlantic

Reliance Health, an emerging markets-focused digital healthcare provider, has completed a $40M Series B funding round led by General Atlantic.

Kigali International Financial
Funding Venture Capital

KIFC Unveils $50m Fintech-focused Africa Fund

Kigali International Financial Centre (KIFC) has launched a $50 million Fintech-focused Africa Fund.   Backed by MyGrowthFund Venture Partners, the fund

Acquisition Insurtech

Lami Acquires Kenya’s Bluewave Insurance Agency to Expand Access to Insurance Across Africa

Lami, Kenya’s insurance technology company, has acquired Bluewave Insurance Agency, a Kenyan-based insurtech startup that leverages mobile technology to reach

Casava
Insurtech Venture Capital

Casava Closes $4m Pre-seed Funding to Provide Microinsurance For Nigerians

Casava, Nigeria’s first 100% digital insurance company, has secured $4 million in pre-seed funding to provide affordable and accessible insurance