Startup

Nigeria’s Kudi Changes Name to Nomba

Kudi, an African fintech startup, has announced that it is changing its name to Nomba as it transitions into an

Didi Chuxing
Ride-hailing

Chinese Ride-hailing Startup, DiDi Shuts Down South African Operations

DiDi Chuxing, the Chinese ride-hailing company, has shut down its operations in South Africa just a year after it started

Sprints
Edtech Funding Investment

Egypt’s Sprints Closes $1.2m Seed Round Led by Alexandria Angels Network

Sprints, an Egyptian edtech startup, has raised $1.2 million in a seed round led by Alexandria Angels Network as well

Algebra Ventures
Venture Capital

IFC Invests $15m in Algebra Ventures to Support Egyptian Tech Startups and Drive Innovation

The International Finance Corporation (IFC) has announced an investment in the second fund from venture capital firm Algebra Ventures to

Twitter
Social Media Twitter

Elon Musk Appointed to Twitter Board After Becoming Majority Shareholder

Elon Musk has been appointed to the Twitter board after becoming the majority shareholder of social media network. Musk will

Ziroopay
Fintech Funding Investment

ZirooPay Secures $11.4m in Series A Funding For Mobile POS Solution in Nigeria

ZirooPay, a Nigerian fintech startup, has raised $11.4 million in a Series A funding round led by Zrosk Investment Management.

Platform Capital
Investment SMEs

Platform Capital Launches in South Africa to Invest in Local SMEs

Platform Capital, a provider of advisory services, has officially launched operations in South Africa to provide strategically driven investments with

Equinix
Acquisition

Equinix Enters Africa, Closing the US$320 Million Acquisition of MainOne

Equinix, the world’s digital infrastructure company™, has announced the completion of its deal to acquire West African data center and

Swvl
Business Ride-hailing

Egyptian Bus-hailing Firm Swvl Commences Trading on Nasdaq

Swvl, the Egyptian mass transit and shared mobility services provider, has begun trading on the Nasdaq. The firm’s co-founder and

Khazna
Financial Services Fintech

Egypt’s Khazna Closes $38m Series A in Equity and Debt Funding Round

Khazna, an Egyptian fintech startup, has raised a $38 million series A in equity and debt funding round. The equity