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Inspiring Africa's Sustainable Business Growth
EGYPT – Sanabil Investments, a wholly owned company by Public Investment Fund, has led a US$40 million Series A investment round in Classera, a global EdTech e-learning company focused on emerging markets. “Classera has developed and successfully deployed a platform that reaches millions of users and has grown to become one of the leading emerging market e-learning solution providers globally,”…
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KENYA – Glovo, a leading multi-category delivery platform, has launched its third micro fulfillment center in Nairobi, Kenya, as the company expands its ‘Q-commerce’ division. Q-Commerce means that consumers can use Glovo to order from their favorite supermarkets and neighbourhood stores. The first micro fulfillment center was launched in June 2021, while the second was opened in June 2022, now…
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KENYA – Vertiv, a global provider of critical digital infrastructure and continuity solutions, has announced the opening of its new office and state-of-the-art Customer Experience Center in Nairobi. With an increasing demand for high-efficiency critical infrastructure in East Africa, this centre supports Vertiv’s efforts in offering digital infrastructure solutions to local customers. The center’s experts offer firsthand knowledge of the…
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AFRICA – Flourish Ventures, a venture capital firm located in the United States, has created Madica, a pan-African investment initiative that intends to provide cash, technological assistance, and coaching to underrepresented entrepreneurs throughout the continent. The sector-agnostic initiative focuses on pre-seed stage technology firms, which is where most ideas fail. The initiative has set aside US$6 million for investment in…
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EGYPT – Egypt-based fintech startup Nexta has announced a US$3 million investment from e-finance, to prepare for its formal launch. In March of this year, Nexta also received a US$2.2 million pre-Seed round headed by Egypt-based fintech startup Disruptech, with participation from global investors. total amount raised since its inception last year is now at US$5.2 million. Nexta is a…
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KENYA – Holged, a leading private education provider in Tunisia and Morocco, has announced plans to expand to Kenya and other African countries. This is after securing funds from Africa50, a Pan-African infrastructure investment platform. The firm offers a K-12 education system, an American tutoring system that includes kindergarten and 12 years of basic education such as six years of…
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AFRICA – Crypto investment startup Pillow has raised US$18 million in Series A funding co-led by Accel, Quona Capital, Elevation Capital and Jump Capital. Elevation Capital was also the first Seed investor in Pillow, having led the round in 2021. Founded in 2021 by Arindam Roy, Rajath KM, and Kartik Mishra, the Pillow platform is a community of more than…
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EGYPT – Roboost (formerly known as Tayar), Egypt’s delivery management system, has acquired a six-figure seed round of investment from Falak Startups, AUC Angels, and a follow-on funding from Flat6Labs. Roboost’s AI delivery management system will be improved, and its product portfolio will be expanded as a result of the new fundraising round, which will expedite the company’s growth. “We…
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KENYA – Holiday Inn, a member of the InterContinental Hotels Group (IHG), a hotel company, has officially opened its doors in Kenya. The hotel located in Two Rivers Mall in Nairobi is expected to become a top choice for family, business, and leisure travellers in Kenya. The hotel’s tranquil, elegant ambiance and the surrounding vibrant community offer a variety of…
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UGANDA – Renew Capital, an impact investment firm focused on developing small and medium-sized enterprises (SMEs) in Africa via its network of investors, the Renew Capital Angels, has made a new investment in Easy Matatu, a Ugandan minibus ridesharing service. The funding will be used to expand Easy Matatu’s end-to-end technological platform, which allows customers to reserve a seat on…
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