Category: Nigeria
Africa Roundup: DHL invests in MallforAfrica, Zipline launches in US, Novastar raises $200M
Events in May offered support to the thesis that Africa can incubate tech with global application. Two startups that developed their business models on the continent — MallforAfrica and Zipline — were tapped by international interests. DHL acquired a minority stake in Link Commerce, a turn-key e-commerce company that grew…
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Vaya Africa launches electric ride-hail taxi network
Vaya Africa, a ride-hail mobility venture founded by Zimbabwean mogul Strive Masiyiwa, has launched an electric taxi service and charging network in Zimbabwe with plans to expand across the continent. The South Africa headquartered company has acquired a fleet of Nissan Leaf EVs and developed its own solar powered charging…
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Carry1st has $4M to invest in African mobile gaming
Gaming development startup Carry1st has raised a $2.5 million seed round led by CRE Venture Capital . That brings the company’s total VC to $4 million, which Carry1st will deploy to support and invest in game publishing across Africa. The startup — with offices in New York, Lagos, and South…
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Kenya’s Apollo Agriculture raises $6M Series A led by Anthemis
Apollo Agriculture believes it can attain profits by helping Kenya’s smallholder farmers maximize theirs. That’s the mission of the Nairobi based startup that raised $6 million in Series A funding led by Anthemis. Founded in 2016, Apollo Agriculture offers a mobile based product suit for farmers that includes working capital,…
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African countries need ‘startup acts’ more than ever to support innovation
National initiatives catalyze growth in the region’s burgeoning tech sector Adedana Ashebir 7 hours Adedana Ashebir Contributor Adedana Ashebir is regional manager for Africa for Village Capital, which has supported more than 100 entrepreneurs and 15 entrepreneur support organizations in Sub-Saharan Africa since 2012. As the fallout from COVID-19 continues…
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Fraud ring uses stolen data to scam unemployment insurance programs
Fraudsters are taking advantage of both data breaches and weaknesses in government online systems to commit scams on a large scale. KrebsOnSecurity has obtained a Secret Service memo revealing that a sophisticated Nigerian crime ring has been using a… Source
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