Annie Njanja
Supply chain and e-commerce enablement startup, Omniful, has today emerged from stealth with $5.85 million seed funding led by VentureSouq, with participation from 500 Global, DASH Ventures, Jahez Group, SEEDRA Ventures, Bunat Ventures, Hala Ventures, RZM Investments and several family offices including Al Rasheed, Siraj Holding, Al Bawardi, Al...
Saviu Ventures, a VC firm targeting startups in Francophone Africa, has made an initial close of €12 million for its second fund with the backing of private investors, including French and Kenyan family offices.
The VC firm aims to close the fund at between €30 million and €50 million to...
Cameroonian health startup Waspito has secured a $2.5 million seed extension from DP World through Newtown Partners, Saviu Ventures, AAIC Investment, Axian ventures and CFAO’s Health54 to spur its growth in the Francophone region.
Waspito is a health-focused social network that allows users (patients) to access and consult with verified...
Pricepally, a Nigerian online grocery store for fresh produce and packaged food, has raised $1.3 million seed funding, backed by Samurai Incubate; a Japanese VC that also participated in the startup’s 2021 pre-seed round, SOSV, ELEA, Hi2 Global, Chui Ventures and ex-Unilever executive David Mureithi.
Following the new funding, the...
SBI Holdings, a Japanese financial services conglomerate and one of the largest venture capital firms in the East Asian country, has made a $40 million multi-fund commitment to anchor pan-African VC firm Novastar Ventures’ future funds.
Following the deal, SBI Holdings will take a minority stake in Novastar and...
Kenyan B2B e-commerce company MarketForce has shut down operations in three of its five markets in Africa and is in the early stages of launching a social commerce spinout.
TechCrunch has learned that MarketForce’s super-app dubbed RejaReja, which enables informal retailers (mom-and-pop stores) to order fast moving consumer goods...
Out of court negotiations between content moderators, Meta and Sama, the social giant’s former content review partner in Africa, over a labor dispute before a Kenyan court have collapsed.
This emerged today when the court was briefed on the outcome of the mediation, coming after it allowed the parties...
UAE-based Zest Equity, a startup digitizing private market dealings, has raised $3.8 million seed funding to build more tools for enabling fast and transparent transactions by ecosystem players while increasing their liquidity through secondary deals.
The seed round was led by Middle East Venture Partners (MEVP) with participation from...
FlexPay Technologies is a Kenyan fintech out to enable consumers to afford products that would have otherwise been out of reach for them.
The startup allows customers to shop at partner merchants, reserve products and pay over a period of time, at no added cost. It initially partnered with...
Kenya-based EV startup Roam has unveiled a new shuttle bus model dubbed Move, coming as the East African country continues to push for the adoption of electric vehicles.
Roam (formerly Opibus) now plans to ramp up its production of the Move bus, and expand its charging infrastructure as it...