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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Internet service provider TooMuchWifi secures US$585k investment from BLOC SA

SOUTH AFRICA – The BLOC Smart Africa fund (BLOC SA), initiated by the Smart Africa Alliance and managed by Bamboo Capital Partners, has announced an investment of US$585,000 in TooMuchWifi, a South African internet service provider. BLOC SA led the US$1 million pre-series A round, catalysing additional capital from Connectivity Capital, Atreyu Investments and a European Family Office together with…

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Chancen International announces first close of its US$21m Future Of Work Fund for ethical student financing

RWANDA – Chancen International (CI) has announced the first close for its US$21 million Future of Work Fund (FWF). The close is a significant move aimed at realizing African Union’s agenda 2063 which advocates for well-educated citizens and skills revolution underpinned by science, technology, and innovation.  The fund will also bolster UN Sustainable Development Goals in Africa which focuses on…

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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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Early vc firm Rali Cap launches US$30m to invest B2B and API-first fintechs across Africa

AFRICA – Rali Cap, an early-stage venture capital (vc) firm focused on emerging markets, has launched a US$30 million fund. Investors who took part in the funding include FT Partners, Breyer Capital, Propel VC, Better Tomorrow Ventures, Bain Capital, Lateral Capital, a few family offices, and HNIs. The firm invests in B2B and API-first fintechs across Africa, Latin America and…

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Netflix invests US$300k in Kenya to support to support local scholarships for creatives

KENYA – Netflix, a streaming service, has entered into a two-year partnership with the Kenyan Government that will see the latter invest in 3 Kenyan films which are at various stages of production. Under the partnership, Netflix will also allocate US$300,000 (KSh33 million) to support local scholarships for Kenyan creatives as part of its bid to support human capital development…

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Kenya’s accelerator platform The Baobab Network funds 5 new African startups

KENYA – The Baobab Network, a Nairobi-based accelerator that invests in early-stage tech companies across Africa, has announced its latest cohort of five investees, each of which secures US$25,000 in funding. The Baobab Network has been accelerating startups with capacity building and fundraising since 2019, and now supports 25 startups in 11 countries after making five further investments as part…

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VC firm HAVAIC raises US$20 million to invest in African tech startups

SOUTH AFRICA – HAVAÍC, an investment and advisory firm, has announced the third and final close of the HAVAÍC Universum Core African Fund, a US$20 million fund that will invest in early-stage technology companies in South, East, and West Africa.  The Cape Town-headquartered HAVAÍC is an investment and advisory firm that invests in and supports early-stage, high-growth African technology businesses…

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BluePeak invests US$15m in pharmaceutical company Africure

AFRICA – Africure, a manufacturer and distributor of essential generic pharmaceutical products, has secured US$15 million from BluePeak Private Capital’s US$200 million targeted impact-linked fund. The new funding is expected to provide a vital capital boost to Africure and supports the company’s plan to strengthen its working capital and increase demand for pharmaceutical goods across over 10 African markets. Fulton…

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Student accommodation marketplace DigsConnect.com secures investment

SOUTH AFRICA – DigsConnect.com, a student accommodation marketplace, has secured an investment from Africa’s leading venture builder, The Delta, as part of a new funding round. The Delta is a South African-founded venture catalyst with a proven blueprint to build, launch, and fund ventures. This follows just days after DigsConnect.com was voted one of the top ten start-ups in South…

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