Chariot raises US$25.5M for offshore gas project in Morocco

MOROCCO – Africa-focused energy exploration company Chariot has raised US$ 25.5 million to progress its flagship Anchois offshore gas project in Morocco, as well as its other renewable energy projects across Africa. The Anchois gas development project, which falls under the Lixus Offshore drilling license, covers an area of around 2,390km², with a water depth that ranges from the coastline…

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Oracle opens new research and development lab in Morocco

MOROCCO – American multinational computer tech firm Oracle has announced it will establish a new branch of Oracle Labs, Oracle’s advanced research arm, at Casanearshore Park in Casablanca, Morocco, to house up to 100 researchers. Researchers at the new facility will use Oracle’s cloud, AI, and machine learning technologies to tackle the most pressing challenges facing business, science, and the…

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DHL Global opens new transit warehouse in Mombasa, Kenya

KENYA – DHL Global Forwarding (DGF), an international air, ocean, and road freight specialist provider, has opened a new transit warehouse in Mombasa, Kenya. The new 7,500 square meter (m²) warehouse is designed to support DGF’s Regional distribution network in Kenya. Strategically located between the Mombasa Port and DGF’s regional facilities, the new warehouse will provide cost-effective in transit storage…

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Egypt’s Instabug closes US$46M series B round to eliminate bugs within Apps

EGYPT – Egypt’s software company that provides bug reporting, and app performance monitoring, Instabug, has closed US$46 million in series B funding round to eliminate bugs within Apps The funding round was led by global software investor Insight Partners, with participation from current investor Accel and new investors Forgepoint Capital and Endeavor. The raise comes just over two years after…

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Nigerian healthtech start-up, Carepoint bags US$10M for African expansion

NIGERIA – Pan-African technology-driven healthcare startup, CarePoint has secured a US$10 million bridge round to accelerate its growth across Africa. The latest funding round was led by TRB Advisors and brings the total funding raised by CarePoint to US$30 million. It follows a US$18 million Series A round announced  mid-November last year. New and existing investors that took part in…

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Rihanna set to launch Fenty beauty & Fenty skin across 8 African countries

AFRICA – Fenty Beauty and Fenty Skin products, a business by singer and businesswoman Robyn Rihanna Fenty (Rihanna), has launched across eight African markets. Within Africa, Fenty Beauty and Fenty Skin will be available starting May 27 at Arc Stores and Edgars in South Africa, Essenza in Nigeria and Ghana, Lintons Beauty in Kenya, Edgars in Namibia and Botswana, Color…

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Nigerian digital freight forwarding start-up Topship bags US$2.5M in seed round

NIGERIA – Nigerian digital freight forwarding start-up, Topship has secured US$2.5 million in a seed round, just months after finishing the YC winter batch, to scale operations across Africa. The round was led by Flexport with the participation of Y Combinator-Soma Capital, Starling Ventures, Olive Tree Capital, Capital X, and True Capital. Individual investors in the round include Mercury CEO…

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Pride Inn Hotel launches new luxury camp in Maasai Mara game reserve

KENYA – Pride Inn group of hotels has acquired a new camp, Pride Inn Azure luxury Mara camp, taking a pie of the game reserve whose popularity has risen over time and currently hosts up to 2,700 per day, during the high season. This comes as tourism continues to witness recovery following the easing of COVID-19 containment measures. The camp…

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Nigeria’s Interswitch secures US$110M funding from LeapFrog and Tana Africa

NIGERIA –Africa’s top technology-driven enterprises focused on payment digitization, Interswitch has secured US$110 million in joint investment from LeapFrog investments and Tiana Africa Capital. The digital payment company is Africa’s second unicorn, and its latest investment will help it to scale digital payment services across the continent. This news is coming almost three years since Interswitch’s last disclosed funding round…

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Outsourcing company CCI Global to occupy largest contact centre in Kenya at Tatu City

KENYA – CCI Global, the largest international contact centre operator in Africa, has announced plans to move to a purpose built, state-of-the-art five-story tower office in Tatu City, creating more than 4,000 jobs for Kenyans. CCI’s facility will be developed by Gateway Real Estate Africa (GREA), a private development company specialising in turnkey construction. CCI first entered the Kenyan market…

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