Startups

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Nigeria’s Agrorite Is The Latest Player Looking To Make An Impact In The Agri-Funding Sector

Oct. 23, 2020, 2:01 p.m.

Crowd-investing of farmers in Africa was pioneered by Nigeria’s Farmcrowdy, but the model has since been used and adapted by a host more startups – Thrive Agric (which has run into some difficulties of late), Seekewa, Complete Farmer, BaySeddo, YouFarm and Livestock Wealth, to name just a few.

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Toyota Supports Ugandan Startup With $4 Million

Oct. 21, 2020, 4:40 p.m.

The trading arm of multinational automotive manufacturer, Toyota, has invested $4 million in Tugende, a credit facility startup that offers loans to assist informal sector entrepreneurs.Tugende began offering motorcycle loans to riders after it launched in 2019. Eventually, the company expanded to offer loans for fishing boats, sewing machines, refrigerators for small shops and minibus taxis.

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CcHUB and iHub unveils the 15 startups In Women In Business Cohort 2

Oct. 19, 2020, 3:25 p.m.

Co-creation hub(Cchub), Africa’s pan-African technology innovation centre and Nairobi-based innovation hub, iHub have unveiled the 15 selected startups for this year’s edition of the Women in Business Cohort.

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Stripe Acquires Paystack In Deal Reportedly Worth Over $200 Million

Oct. 16, 2020, 3:18 p.m.

The USA based payment processing giant, Stripe, has acquired a leading Nigerian fintech startup, Paystack, in what has been described as the biggest Mergers and Acquisitions (M&A) deal in Nigerian tech and Stripe’s biggest acquisition anywhere around the world.

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Liberian Solar Startup Secures $5 million In Funding

Oct. 15, 2020, 3:18 p.m.

Easy Solar, a Liberian renewable energy startup has secured $5-million in a round of funding.This included a $3-million Series A Equity round that was led by the global impact investor Acumen and the Dutch entrepreneurial development bank, FMO. This also included the $2-million investment that was led by the investment platform, Trine.

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Dreevo, An Egyptian Delivery Startup Secures Funding

Oct. 14, 2020, 4:16 p.m.

Dreevo, an Egyptian delivery startup, has raised an undisclosed six-figure pre-seed from EF Logistic.The new fund will enable its operation to cover more grounds in Egypt.

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