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EdTech company Classera secures US$40m Series A investment to accelerate its expansion

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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Delivery platform Glovo launches its third micro fulfilment center in Kenya 

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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Vertiv opens office and customer experience center in Kenya

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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Flourish Ventures launches Africa-focused pre-seed investment platform Madica

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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Fintech startup Nexta secures US$3m investment to prepare for its formal launch

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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North African private education group Holged set to enter Kenyan market

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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Delivery management system Roboost secures investment to expand its product portfolio

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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IHG’s Holiday Inn launches its four-star hotel in Nairobi’s Two Rivers Mall

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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Ugandan minibus ridesharing service Easy Matatu secures investment from Renew Capital

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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