17 results
- 24 Jan 2023
Resilient African Tech Ecosystem Still Growing With $6.5 Billion Raised In 2022
Partech Africa, the VC fund dedicated to technology startups in Africa, has issued its annual report on Africa Tech Venture Capital. The report, which aims to provide a practical picture of the state…
- 18 Jan 2018
IFC Supports Launch of €100m Fund on Digital-technology Start-ups in Africa
IFC, a member of the World Bank Group, has helped Partech Ventures launch a €100 million fund that is expected to become the largest venture-capital fund focused on digital-technology start-ups in…
- 29 Jan 2020
Nigeria Leads as Africa’s Tech Start-ups Attract $2bn Investment
In 2019, 243 African tech start-ups raised a total of $2.02 billion in equity through 250 rounds, representing a 74% growth year-on-year that saw Nigeria attracting the highest. This is according to…
- 16 Dec 2021
Google Announces First Investment in SafeBoda via its Africa Investment Fund
Google has announced the release of its first investment from the Africa Investment Fund which was launched by Sundar Pichai, CEO of Google and Alphabet, at Google for Africa in October. This first…
- 29 Oct 2023
NCC Reaffirms Commitment to Stimulate Development & Growth of Fintech Sector in Nigeria
Nigerian Communications Commission. (NCC) says it's committed to stimulating the development and growth of Fintech sector in Nigeria. Dr. Aminu Maida, Executive Vice Chairman of NCC, stated this…
- 1 Apr 2019
NIS 2019 Promises to Drive Innovation for Economic Growth
Organizers of the annual Nigeria Innovation Summit has said that this year's edition will promote the need for businesses, organizations, entrepreneurs and government in Nigeria to become more…
- 11 Feb 2021
African Startup Investments Fall for First Time in Almost a Decade
Funding for African startups slowed for the first time after nearly 10 years of growth as investors in the fledgling tech scene were put off by the Covid-19 pandemic, according to venture capital…
- 6 Jul 2022
IFC Invests in Wave to Boost Access to Digital Financial Services in West Africa
To spur financial inclusion and support economic growth in Senegal and Côte d'Ivoire, IFC today announced an investment in Wave Mobile Money S.A. (Senegal) and Wave Côte d'Ivoire S.A., mobile money…
- 11 Nov 2020
Africa’s Internet Economy Estimated to Worth $180 Billion by 2025 – According to New Google-IFC Report
A new report released on Wednesday by Google and the International Finance Corporation (IFC), estimated that Africa’s Internet economy has the potential to reach 5.2% of the continent’s gross…
- 26 Sept 2022
Vendease Secures $30M to Transform Procurement for Restaurants Across Africa
Vendease, a Y Combinator-backed digital platform that allows restaurants in Africa to buy supplies, access financial services and power their business operations, has raised $30 million in an equity…
- 4 Dec 2020
CcHUB Launches Investment Vehicle for African Start-ups
Innovation centre Co-creation Hub (CcHUB) has launched a new investment syndicate to make it easier for investors to back African start-ups. The innovation hub will invite third-party investors with…
- 14 Feb 2023
Treepz Launches Treepz Kenya as it Continues African Expansion Plan
The award-winning African Mobility Startup, Treepz has announced the successful launch of Treepz Kenya following strategic investment deals to raise additional $1.2m over the last 12 months. Treepz…
- 2 May 2023
Nomba Raises $30M Pre-Series B to Deliver Bespoke Payment Solutions for African Businesses
Nomba, a payment service provider for African businesses, has raised a $30 million Pre-Series B funding round to support the delivery of bespoke payment solutions for African businesses. The…
- 14 Jul 2020
TradeDepot Secures Additional $10M to Transform Informal Retail Supply Chain in Nigeria
TradeDepot, the B2B eCommerce platform for consumer goods in Africa, has raised a further $10 million in a pre-Series B equity round co-led by Partech, International Finance Corporation, Women…
- 6 Dec 2021
TradeDepot Raises $110 Million To Extend ‘Buy-Now-Pay-Later’ to Retailers Across Africa
TradeDepot, the leading B2B eCommerce and embedded finance platform in Africa, has raised $110 million in an equity and debt funding round to support the delivery of Buy-Now-Pay-Later services to 5…
- 30 Sept 2019
Nigerian Tech Community Battles SARS Over Illegal Arrests of Software Engineers
Nigeria’s technology leaders have launched #StopRobbingUs, a campaign to put an end to the common practice where Nigerian police stop young people with laptops and unlawfully arrest, attack or, in…
- 7 Apr 2019
Adesina Seeks Democratization of Technology in Africa
African Development Bank President Adesina, has urged Africans to embrace technology, and governments to urgently move away from “investing in the jobs of the past, but rather in the jobs of the…