Cameroonian digital business card provider Taaply raises US$500k
The Cameroon-based Taaply, which began life digitising business cards, has raised US$500,000 in funding as it announces the release of a new app and website update.
Launched in 2021, Taaply is a digital business card solution aimed at cutting down on carbon emissions in Africa.
The recent funding, app and website updates and improvements will enable Taaply to effectively compete for the growth opportunities in the healthcare and health insurance markets, the startup said.
“In this way, Taaply hopes to meet the growing demand from both private and business customers for the full range of fixed and mobile healthcare services,” it said.
Taaply is currently active within several countries in Africa, Europe and North America, and plans to expand beyond its currently marketed products.
Ride-hailing firm Yango Partners with Bee Group on on-demand mobility In Cameroon
Yango, an international online shopping ordering service, has announced the signing of a memorandum of understanding with Bee Group, a Cameroonian transport startup.
The goal of this memorandum of understanding is to strive toward the construction of an innovative and modern carpooling service for the Cameroonian community in order to improve quality of life in the country.
Yango’s motorcycle transport ordering service was launched in Cameroon on July 14, making it the world’s first. This new service was created through a collaboration with Bee Group, which has one of the largest motorcycle fleets in Douala, and several other key partners.
“Our partners are very essential to us since they enable us to contribute to the good evolution of the country’s transportation industry. Furthermore, it is a win-win situation for both parties,” Didier Theze, Yango Cameroon Country Manager, said.
“We have raised the number of trips by 5 times since January, and the number of partner drivers by 4 times. I am really pleased that we signed this deal with Bee today, and I think that by combining our efforts and know-how, we will achieve better results.”
Ghanaian Agritech startup WamiAgro Raises US$227k to support grain farmers
Wami Agro Limited (WamiAgro), an AgriTech that aids farmers in rural Ghana, has received GHS 2.21 million ($227K) from The Wangara Green Ventures, an impact investment fund in Ghana.
According to a statement, the investment would allow Wami Agro to offer training, input loans, and access to markets to smallholder farmers throughout the grains value chains.
It claimed that over the course of five years, the investment will help 15,500 smallholder farmers, provide 25 direct employment, and increase agricultural yields by nearly 30%.
Additionally, Wami Agro’s efforts will cut post-harvest losses by at least 50% and greenhouse gas emissions by up to 20%.
“The investment from Wangara Green Ventures together with post-investment assistance will enable Wami Agro to further develop its technology platform, acquire new farm equipment, improve its working capital and strengthen its governance framework in order to scale its current impact and contribute to the realisation of the UN SDGs,” the statement said.
African-focused investors Tana Africa, Sango Capital back Nigerian grocery retailer Sundry Markets
Sundry Markets, one of Nigeria’s fastest growing modern grocery retailers has received a minority investment from Africa-focused investment companies Tana Africa Capital and Sango Capital.
Established in 2015, Sundry Markets operates the Marketsquare brand of supermarkets and convenience stores, providing a superior shopping experience to customers.
The stores offer a one-stop destination for prepared and packaged food, fresh baked goods, fruits and vegetables, butchery products and beverages, as well as personal and home care products across different store formats.
Currently, the company boasts of having 21 stores today, disrupting the grocery retail sector and demonstrating exceptional financial and operational performance across economic cycles.
So far, it has created over 2,000 direct jobs and many more indirectly through its 100% localised supply chain and several small & medium scale suppliers.
Ebele Enunwa, Founder and Chief Executive of Sundry Markets said, “With the support of our investors, we set out to establish a world class retail business professionally run by Nigerians, and for Nigerians.
Sundry Markets has an ambitious plan of expanding its existing store footprint to at least 50 stores and grow its revenue fourfold by 2025.
The transaction was actualized through Tana Africa Capital Fund II (TAC II) and Sango Fund III, marking the second investment undertaken by Sango Capital in the company following its initial backing through Sango Fund I.
With Tana and Sango now working together as active and long-term investors, Sundry Markets is well positioned to realise its long-term vision of becoming the leading grocery retailer in Nigeria.
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