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Kenyan agri-tech startup Twiga Foods raises $5m from France’s Mulliez family
Kenyan agri-tech startup Twiga Foods has received a US$5 million secondary investment from France’s richest family, the Mulliez family, to support its growth. Founded in 2014, Twiga Foods is a business to business food distribution company that builds fair and reliable markets for agricultural producers and retailers through transparency, efficiency and technology. The startup is …
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Westcape: Ghanaian Startup Launches Pay-monthly E-commerce Marketplace | How Africa News
Ghanaian startup Westcape has launched an e-commerce marketplace that enables merchants to sell their products on credit and empowers consumers to buy and pay in monthly instalments. The Westcape platform allows users to purchase a variety of goods, from household appliances and electronic gadgets to dresses and homes, and pay later, over a period of between one …
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Founders of Uganda’s DusuPay launch enterprise software startup MonkeyPesa
Ntende Kenneth and John Kigony are already busy running Ugandan fintech startup DusuPay, which is going great guns, but they have diversified this year with the launch of a new startup – enterprise software provider MonkeyPesa. DusuPay, which provides infrastructure that allows global businesses to make and accept mobile payments across Africa, averages US$150,000 in …
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Rwandan platform-as-a-service startup ARED expands to Uganda
Rwanda-based platform-as-a-service startup ARED, known for its “Smart Business in a Box” solar-powered kiosks, has made Uganda its first international market. Launched in January 2013, ARED develops solar kiosks – known as Shiriki Hubs – that are run mostly by women and people with disabilities using a micro-franchise business model. These kiosks offer key services …
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’Tropical Valley’? Startup update from Africa’s Indian Ocean region – VC4A
We often don’t hear about the Indian Ocean part of Africa except for its sunny beaches, enjoyable weather and relaxing lifestyle. It’s unlikely that you will think of the region as a vivid ecosystem supported by an active community of startups, funded by local VCs, trying to disrupt traditional businesses. However, this vision may change …
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Report: In 2020, foreign investments dominated 71% of Nigeria’s startup funding – Techpoint Africa
On record, foreign investments make up the larger part of Africa’s startup funding. As stated in the Techpoint Africa West Africa Decade Report, 81.3% of the total amount invested in West African startups that have raised at least $1 million in the past ten years came from outside the continent. Likewise, Techpoint Africa’s annual Nigerian …
West African startup Gozem acquires Togolese food delivery service as it scales its “super app” offering
West African startup Gozem, which started out in the ride-hailing business but has been adding product lines as it transitions into a “super app”, has acquired Delivroum, Togo’s leading food delivery app. Launched in Togo in November of 2018 on the back of raising US$900,000 in funding, ride-hailing app Gozem swiftly expanded to Benin and …
Nigerian startup SeamlessHR raises new funding to scale its HR solutions
Lagos-based HR and payroll tech startup SeamlessHR has closed a VC-led round of funding to unlock its next phase of growth. Founded in 2018 and describing itself as “Workday for emerging markets”, SeamlessHR is building an enterprise-grade, cloud-based HR platform that helps medium to large-sized companies automate and optimise their entire HR process, from recruitment …
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Colombian-based accounting startup, Alegra expands to Africa, hopes to dominate market
Latin American accounting software startup, Alegra, is expanding to Africa, bringing its services to African SMEs. Founded in 2013 by Jorge Soto and Santiago Villegas, Alegra is a cloud-based invoicing, accounting, and administrative management software for micro, small and medium enterprises (MSMEs). In Latin America and Africa, MSMEs play vital roles in their respective economies …
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