Top news of the week: 05.12.2022.
Smartphone re-commerce startup Badili raises $2.1M pre-seed funding
Kenya-based Badili is exploring new growth opportunities within Africa, to tap an increasing demand for affordable second-hand smartphones.
Orda raises millions to digitize African restaurants with its cloud-based operating system
Emerging market investor Quona Capital co-led the round with FinTech Collective. LoftyInc Capital and Enza are some of the other investors.
Seedstars Capital launches to support new fund managers around the world
The venture market is in the middle of a downturn, but there are still plenty of aspiring fund managers. Seedstars International Ventures, the investment firm that backs startups around the ...
Social commerce startup Kapu, by ex-Jumia executive, comes out of stealth with $8M funding
Kapu says it has 1,500 agents across Nairobi, and is working to fully penetrate Kenyaâs capital before expanding to new markets.
The industrial 'elites' of Africađ
A new report by the African Development Bank (AfDB), the African Union and the United Nations Industrial Development Organization (UNIDO) shows that 37 African countries have industrialized ...
500 Global launches in Egypt to grow the startup ecosystem
US-based venture capital firm 500 Global is set to open an office in Egypt in partnership with Information Technology Industry Development Agency (ITIDA) to launch a range of investment and ...
Africa free trade zones seek economic prosperity for continent
For Africa to move away from poverty, there must be a shift from mere exportation of raw materials to finished value-added products through industrialisation.
4Di Capital announces second close to new $25m seed fund
4Di Capital has announced the second closing of its new $25 million seed fund created in partnership with DotExe Ventures in Mauritius.