Tage Kene-Okafor
Yahya Bouhlel started coding in his early teens. Within this timeline, he interned at several companies in Palo Alto, California. Most of his work revolved around building apps and iPhone games.
When he came home to Tunis, he met many students who wanted to build products like him each...
Lagos and San Francisco-based Klasha has received an additional $2.1 million to complete its $4.5 million seed round. The startup, which provides multiple products for the cross-border commerce space in Africa, raised this new financing from a group of international investors co-led by American Express (AMEX) Ventures, the...
Pan-African digital payments company MFS Africa is acquiring U.S.-based Global Technology Partners (GTP) in a cash-and-shares deal worth $34 million, FT reported today.
There are very few deals of such manner; that is, an African tech company buying up a U.S.-based one. While it can be seen as bragging...
For years, Africa’s credit infrastructure has lagged behind the rest of the world due to low credit coverage from its bureaus. Per a World Bank report, only 11% of Africa’s population have their credit information recorded by private credit bureaus. And for those who are banked, only 17%...
Appetito, the Egyptian platform that delivers groceries and household products to customers from 11 dark stores across three cities in the North African country, is acquiring Lamma, an identical startup with operations in the Maghreb regions of Tunisia and Morocco.
Appetito didn’t disclose the size of the deal in...
There’s a vast unmet demand for medical consultation in developing markets like Egypt due to low doctor supply. As of 2018, Egypt’s doctor to citizen ratio stood at 1:2,000; you can paint a picture when you walk into any government hospital and see long queues.
These problems and pandemic-changing...
Egypt is home to one of Africa’s largest vehicle fleets, with over 6 million cars (80% passenger cars) on its roads. According to this finding, most are used cars; their ratio to new vehicles is 3:1.
The used cars market isn’t only enormous in Egypt. It is the same...
Per reports, Egyptians spend about 30% of their income on food in a $17 billion restaurant industry, one of the largest in Africa and the Middle East. Yet restaurants in this North African nation operate on thin margins due to several factors, ranging from large initial investments and high...
Wale Ayeni, the regional head of venture capital investments for the IFC in Africa, has left the International Finance Corporation (IFC), TechCrunch learned on Wednesday.
Ayeni, who also led the firm’s venture capital efforts, more recently in the Middle East and Central Asia, is leaving after more than five...
On Monday, Clara Wanjiku Odero, a former employee of African payments giant and unicorn Flutterwave, accused the company’s chief executive officer Olugbenga’ GB’ Agboola of bullying and harassing her for years. She made the allegations in a Medium post and series of tweets that came after.
In the blog...
