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Top news of the week: 05.12.2022.

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@whiteafrican shared
On Dec 1, 2022
The secondary phone market in Africa alone is over 100m handsets a year and growing rapidly. @badili_africa just got $2.1m of pre-seed funding to expand their business. Super interesting. https://t.co/quqCkbdc0s
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Smartphone re-commerce startup Badili raises $2.1M pre-seed funding

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.

@AfriFintech shared
On Nov 29, 2022
@orda_africa, a Nigerian food tech platform offering a cloud-based restaurant operating system, has raised $3.4 million in seed funding, bringing its total funding raised this year to $4.5 million. Via @TechCrunch. https://t.co/LMzEdQq8pE
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Orda raises millions to digitize African restaurants with its cloud-based operating system

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 shared
On Dec 5, 2022
The #SeedstarsCapital platform will incubate, accelerate and invest in new venture capital funds in emerging markets like Latin America, Africa, the Middle East, Central and Eastern Europe and Southeast Asia. Discover more about Seedstars Capital 👇🏼 https://t.co/cxLMPSLnGP
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Seedstars Capital launches to support new fund managers around the world

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 ...

@AfriFintech shared
On Dec 5, 2022
@Kapu_Kenya, a Kenyan social commerce platform founded by a former Jumia executive, has raised $8 million in funding to revolutionize grocery shopping in Kenya. @TechCrunch. https://t.co/6OsiUiWwV7
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Social commerce startup Kapu, by ex-Jumia executive, comes out of stealth with $8M funding

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 Kenya’s capital before expanding to new markets.

@VenturesAfrica shared
On Dec 3, 2022
This week we explore Africa’s top most industrialized countries in 2022. https://t.co/LvYRPdm4kV
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The industrial 'elites' of Africa🌍

The industrial 'elites' of Africa🌍

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 ...

@techloy shared
On Nov 29, 2022
U.S.-based VC giant @500GlobalVC launches in Egypt to grow the startup ecosystem https://t.co/2Ii2Gpw5Ev https://t.co/j7dpym4Q49
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500 Global launches in Egypt to grow the startup ecosystem

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 ...

@TheAfricaReport shared
On Dec 5, 2022
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, says @akin_adesina, the president of @AfDB_Group. https://t.co/zQ8TgYQn6S
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Africa free trade zones seek economic prosperity for continent

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.

@Ventureburn shared
On Dec 5, 2022
South African early-stage venture capital firm 4Di Capital has announced the second closing of its new $25 million seed fund created in partnership with DotExe Ventures in Mauritius. https://t.co/sUQIReW4qY
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4Di Capital announces second close to new $25m seed fund

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.

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weekly 05.12.2022
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