Agri-tech startup Nile raises US$5m equity funding led by Naspers Foundry

SOUTH AFRICA – South African agri-tech startup Nile, which enables buyers to purchase directly from Africa’s leading food producers through its marketplace, has raised a ZAR83 million (US$5.1 million) equity funding round led by Naspers Foundry. Nile was founded in 2020 to provide farmers with digital solutions that can address various pain points inherent to food trading – including price…

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Emergency response platform RapidDeploy raises equity funding from Nedbank CIB

SOUTH AFRICA – South African emergency response platform RapidDeploy has raised equity funding from Nedbank CIB, the corporate and investment banking division of the Nedbank Group, one of the four largest banking groups in South Africa. Founded by Steven Raucher and Brett Meyerowitz, RapidDeploy is an open and integrated response platform, transforming first responder communications centres of any size into…

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Fintech startup FlexPay raises funding to help in its growth plan

KENYA – FlexPay, a Kenyan fintech startup, has raised 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 as it looks to supercharge its growth and help more people avoid debt. FlexPay is an online and offline payment gateway that allows merchants to offer interest-free targeted…

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Kenyan-based health tech startup Zuri Health secures US$1.3m funding for its expansion plans

KENYA – Zuri Health, a Kenyan-based health tech startup offering mobile-based healthcare, has received US$1.3 million funding to expand across Africa. The digital healthcare company has completed a funding round attracting investment from DOB Equity, Launch Africa, and Founders Factory Africa to expand across Africa. Zuri Health connects mass-market patients with healthcare services via SMS, WhatsApp, and a dedicated app. The company initially…

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Jambo startup secures US$30m Series A funding to expand its business

CONGO – Jambo, a Congo-based startup that is democratizing access to crypto-based income-generation opportunities through ‘learn, play, earn,’ has received US$30 million in Series A funding led by Paradigm, a firm known for backing disruptive crypto and Web3 firms and protocols. ParaFi Capital, Pantera Capital, Delphi Ventures, Kingsway Capital, Gemini Frontier Fund, BH Digital, Graticule Asset Management Asia, Shima Capital,…

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Forestry company Komaza raises US$10m funding to develop innovative tech infrastructures

KENYA – Komaza, an innovative smallholder forestry platform which provides scalable and sustainable nature-based solutions to climate change, has announced that it has raised US$10 million from Mitsui & Co. and Sobrato Philanthropies. The new funds will be used to scale field operations, support value chain expansion, and develop innovative tech infrastructures, reinforcing Komaza’s key initiatives set forth in the…

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Fintech Laboremus Uganda secures funding to grow its platform in the neighbouring markets

UGANDA – Laboremus Uganda, the B2B fintech that enables onboarding at scale, has received a funding boost from DOB Equity and FCA Investments to grow the company’s platform in Uganda and neighboring markets. The investment from DOB and FCAI will enable Laboremus to expand its product offerings by adding new channels and verification services. “Access to credit is what stands…

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Renewable energy provider Solarcentury Africa closes funding for solar photovoltaic plant

MOZAMBIQUE – The London, UK-based renewable energy provider Solarcentury Africa has closed the financing of a solar photovoltaic plant at the Balama graphite mine in Mozambique. The plant will be combined with a battery power storage system to power Syrah Resources’ facilities. The undisclosed amount of funding is being provided by CrossBoundary Energy (CBE); a financial partner now well known…

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Retail tech firm Cartnshop raises US$400k funding as it prepares to launch

KENYA – Cartnshop, a Kenyan startup that helps African small businesses build up internet stores quickly and affordably, has raised US$400,000 in funding as it prepares to launch next month and help with commercialization.  Cartnshop is an end-to-end e-store enablement engine that lets any retail or corporate organization to acquire new customers, and it was founded in 2018. Payment gateways,…

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UNDP, NASE Africa launch US600k funding line for budding entrepreneurs

AFRICA – United Nations Development Programme (UNDP) in partnership with NASE Africa has unveiled a funding line of US$600,000 for budding entrepreneurs with innovative ideas. According to Dennis Aguma, the executive director NASE Africa, last year, the organization invited youth with scalable ideas to participate in the Youth IDEAthon Bootcamp, at Country Lake Resort, Garuga. “The first cohort attracted over…

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