July 7, 2022 | CEO Business Africa

Nigerian Humansquad secures undisclosed pre-seed round for proprietary immigration tech products

June 4, 2022June 4, 2022

NIGERIA – HumanSquad, a Nigerian immigration startup has announced securing a 6-figure pre-seed investment led by Calm Fund to boost its development of proprietary immigration tech products. The company’s Co-founder and CEO, Tunde Omotoye, who confirmed the development in a statement on Friday, said that the fund will help the startup boost its development of proprietary immigration tech products. HumanSquad,…

SWVL suspends services in Kenya, lays off 32% workforce in pursuit of profits

June 4, 2022June 4, 2022

KENYA – SWVL has announced it is pausing two of the services it offers in the Kenyan market. These are SWVL daily and SWVL travel. The daily option is for buses that ply Nairobi city and its suburbs while the travel option is for long-distance travel across the country. The company which went public last year has had a tough…

Mahlako Energy fund invests in Harmony Gold’s Phase 1 solar project

June 4, 2022June 4, 2022

SOUTH AFRICA – Mahlako Energy Fund, an energy investment and advisory firm, has concluded its investment in an industrial independent power generation project for the Harmony Gold Mining-commissioned 30 MW solar photovoltaic (PV) portfolio. The fund, managed by Mahlako Financial Services, has invested alongside African Infrastructure Investment Managers’ (AIIM’s) IDEAS Fund, and Rand Merchant Bank (RMB) as debt arranger. This…

Fintech startup Finclusion Group secures funding from Cairo Angels Syndicate Fund

June 4, 2022June 4, 2022

MAURITIUS – Finclusion Group, a Mauritius-based fintech startup, has secured funding from the Cairo Angels Syndicate Fund (CASF), a micro venture capital fund that invests in early-stage startups in the Middle East and Africa. Finclusion Group is an Africa-focused fintech platform building out a full neobank offering for its users. The company provides earned wage access, BNPL and direct credit…

QA Venue Solutions announce Kigali Arena naming rights deal with BK Group

June 4, 2022June 4, 2022

RWANDA – QA Venue Solutions Rwanda, a Pan-African venue solutions provider, has signed an arena naming rights deal with BK Group, a holding company. The agreement, worth US$8 million, provides the holding company, with naming rights to the venue formerly known as ‘Kigali Arena’. The agreement, signed between QA Venue Solutions, BK Group, and the Government of Rwanda, is the…