Nigerian Mobility Startup MAX.ng Raises $1 Million Capital
Nigerian mobility startup, MAX.ng, has raised $1 million in capital under a securitisation of vehicle lease receivables under a Private Company Bond program. According to the company, the transaction is the first [...]
Nairobi-based OkHi Raises $1.78Million for Expansion
OkHi has raised KSh 193 million in a recent funding round by London's Angel Investment Network. The startup which has developed a digital addressing system for emerging markets will use [...]Kenya to Establish Incubation Programs Under the New Startup Act
Kenya is now among African countries with a Startup Act following the recent publishing of the Startup bill as an act of parliament. The new law will promote innovation, facilitate [...]Interswitch to Revive Investments in Startup After 4 years of Dormancy
Fintech Interswitch confirmed that it would resume investment activities after pausing in 2016. Founder and CEO Mitchell Elegbe toldTechCrunchthat the company would go back to making bets on startups. We've [...]Weekly Deals Digest: Sept 2 Sep 8 2020
In this week's deals digest funding rounds in Africa leaned towards real estate, construction and energy. On the other hand, Edtech takes the lead in venture deals in emerging markets. [...]GM Acquires 11% Stake in Electric Truck Startup Nikola for $2 Bn
Chevrolet maker General Motors has signed a partnership deal for a $2 billion equity stake in electric truck startup Nikola. The deal will give GM an 11% stake in Nikola. [...]India Blocks AliPay, TaoBao and 116 Chinese Apps Over Sovereignty Concerns
On Thursday, India blocked 188 mobile applications over concerns that they engage in activities that are prejudicial to sovereignty, integrity, defence, the security of the state and public order of [...]Rocket Internet to Delist From German Luxembourg Bourses as Stocks Tank
Rocket Internet, a major investor in Jumia, will cease trading publicly in the Frankfurt and Luxembourg stock exchanges after its stock price fell by 13% in 2020. The startup incubator [...]Small Business Is on the Brink: Impact of the COVID-19 Crisis on the World
TheCOVID-19 crisis that has been shaking the very foundations of the world is a major threattothe global economy.Stock markets are slowly recoveringafter the record-breaking crash that happened in March. However, [...]Glovo Kenya Names Priscilla Muhiu as General Manager
Glovo Kenya has appointed Priscilla Muhiu as the General Manager. Priscilla took over the position from William Benthall in July, who is now the new General Manager for Sub-Saharan Africa. [...]Safaricom's Spark Fund Dedicates Ksh 540m to Grow Local Startups
Safaricom's Spark Fund has allocated Ksh 540 million ($5m) to fund local tech startups in the country. This is part of its initiative to invest in startups that align with [...]Podcast: Ndovu CEO On How Technology Will Shape Investments in Africa
In an online interview with the Kenyan Wallstreet, Ndovu Investment CEO and co-founder Radhika Bhachu talks about the state of digital investment platforms in Africa and how Robo-advisory will play [...]
