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Kenyan taxi-hailing Little to launch in Ghana with $3mil injection

Kenyan taxi-hailing firm Little will launch in Ghana with $3mil (Sh323.85) from its mother company Craft Silicon as it begins to execute its West Africa expansion. This expansion has been…

Mr Eazi creates $20m Africa Music Fund to invest in music talent

Musician and entrepreneur Mr Easi creates $20m Africa Music Fund to invest in the best African music talent. The Africa Music Fund will provide new funding model for music industry as…

E-commerce start-up Tradedepot raises $10mil to boost its growth

B2B eCommerce startup Tradedepot has raised $10 million from International Finance Corporation, Women Entrepreneurs Finance Initiative (We-Fi) and MSA Capital and Partech. With this new investment the company plans to…

Chadian ZIZ Energy poised to expand Metro Grid Solar Service.

Chadian solar company ZiZ Energie has raised an undisclosed amount in funding from Energy Access Ventures to expand its metro grid solar services across Chad, Cameroon and Central Africa.

Malian SolarX raises undisclosed Series A for regional growth

Mali based SolarX raises undisclosed series A fund from Energy Access Ventures (EAV), a renewable energy seed investment fund. The company supplies solar energy systems for electricity and solar pumping…

Only 1-2% of finance for energy is going into distributed renewable energy but not to local actors in Africa.

The vast majority of finance for energy is not reaching local actors but is going to multinational companies that are based in Europe or North America or led by entrepreneurs…

Egyptian bus-hailing service Swvl hit with security breach

Egyptian startup Swvl announced a security breach affecting user data including names, email addresses and phone numbers of its customers. The company took action to log out all its users…

Fintech startup Chipper Cash raises $13.8million

African cross-border fintech startup Chipper Cash has raised a $13.8 million Series A funding round led by Deciens Capital and plans to hire 30 new staff globally.

Swvl raises over $20mil in pre-COVID-19 funding round

North Africa focused tech blog Menabytes reports that Egyptian company Swvl, which runs a bus-hailing service in Egypt, Kenya and Pakistan raised raised over $20 million in a new round…

Incas Diagnostic and KNUST develop COVID-19 rapid test that could save millions of lives

Incas Diagnostics a Ghanaian diagnostic test startup has partnered the Kwame Nkrumah University of Science and Technology (KNUST) to develop a COVID-19 Rapid Test. According to a statement issued by…