Nigeria's Topship Raises $2.5 Million in its Seed Funding Round
Nigeria's logistics startup, Topship has raised $2.5 million in its seed funding round. Investors who took part in the funding include Flexport, Y Combinator, Soma Capital, Starling Ventures, Olive Tree [...]
Inflation In Tanzania Rises to 3.8% in April 2022
Annual headline iInflation rate in Tanzania hit 3.8% in April, up from 3.6% in March 2022. The country's National Bureau of Statistics says the overall index increased from 103.95 in [...]France to Invest $4.2 Billion in Tanzania over the Next 5 Years
France has committed to invest up to $4.2 billion in Tanzania over the next five years, as the former seeks to position itself as the very first European investor in [...]Tanzania Seeks $81 Million from Donors to Conduct Population Census
The Tanzania government is seeking more than $81 million from donors to conduct a national population and housing census scheduled for August this year. The 2022 census will be the [...]IMF Warns Effects of Ukraine Conflict to hit Sub-Saharan Africa
The IMF has said the ongoing war in Ukraine would lead to increased living and transport costs in most countries in Sub-Sahara Africa. In its April 2022 Outlook for Sub-Sahara [...]
Wheat Prices Rise to Record High after India’s Export Ban
The price of wheat jumped on international markets after India banned the exportof the staple cereal saying it has stopped the exports of its wheat to the world market to [...]
Zuri Health Raises $ 1.3M for Expansion Across Africa
Zuri Health, the digital healthcare providing affordable healthcare via mobile, has raised $ 1.3 Million for expansion across Africa. Participants in this seed round funding include DOB Equity, Launch Africa [...]Rwanda Injects $150 Million to the Private Sector for Post-Covid Recovery
Rwanda has unveiled an additional $150 million in funding for businesses to stimulate growth and mitigate the prolonged impact of the coronavirus pandemic on the economy. The funds, drawn from [...]Google Launches KSh465 Million Black Founders Fund for African Startups
Google has announced the second round of the for Startup Black Founders Fund for Africa. Launched last year as a KSh350 million fund targeting 50 early-stage, black-founded startups in the [...]Autochek Acquires Morocco's KIFAL Auto for an Undisclosed Amount
The automotive technology company facilitating auto financing across Africa, Autochek has acquired Morocco’s KIFAL Auto for an undisclosed amount. This marks the entry of the company into North Africa. The [...]Zimbabwe Reintroduces Fuel Blending to Curb High Prices
The government of Zimbabwe has announced plans to resume blending petrol with ethanol, seeking to reduce fuel prices and increase its availability. The government resumed petrol blending at E10 from [...]South Africa to Hike Interest Rates to Tame Inflation
South Africa Reserve Bank is expected to aggressively hike interest rates when its monetary policy committee meets this week. After raising the cost of borrowing by 25 basis points at [...]
