News

Sultan Ventures Acquires Egypt’s Acasia Group to Expand its MEA Footprint

US-based venture capital firm Sultan Ventures has acquired Egyptian angel investment syndicate and incubator, Acasia Group, for an undisclosed amount. This acquisition marks a new chapter for Acasia, which began its journey as Cairo Angels, Egypt's first formal network of angel investors.

by Joel Omulo

Sultan Ventures Acquires Egypt’s Acasia Group to Expand its MEA Footprint

News Manufacturing Companies

Spiro Expands its Electric Vehicle Footprint with Nairobi Manufacturing Center

The facility is a significant milestone in Spiro’s expansion across Africa, aiming to produce thousands of electric bikes and batteries annually.

by Joel Omulo

Spiro Expands its Electric Vehicle Footprint with Nairobi Manufacturing Center

News Founders

AWIEF Announces Finalists for the 2024 Women Entrepreneurs Awards

These awards honor the outstanding achievements of African women entrepreneurs and business leaders who are driving innovation, fostering gender equality, and playing a pivotal role in the continent’s economic growth.

by Joel Omulo

AWIEF Announces Finalists for the 2024 Women Entrepreneurs Awards

News Companies

Safaricom and Mastercard Join Forces to Boost Payment Solutions in Kenya

Through this collaboration, Safaricom and Mastercard will enable Kenyan merchants to better serve their customers, not just locally but globally. The integration of Mastercard’s omnichannel acceptance solutions across M-PESA’s merchant platform will allow businesses to process payments seamlessly.

by Joel Omulo

Safaricom and Mastercard Join Forces to Boost Payment Solutions in Kenya

News Companies

Itana Partners with Accelerate Africa to Boost Early-Stage Entrepreneurship

Itana, a pioneering digital free zone dedicated to accelerating Africa’s digital economy, has announced a strategic partnership with Accelerate Africa, an accelerator program focused on supporting early-stage African entrepreneurs.

by Joel Omulo

Itana Partners with Accelerate Africa to Boost Early-Stage Entrepreneurship

News Funding Companies

Foodpreneurs Hub Secures $500,000 Pre-Seed Funding to Combat Food Insecurity in Africa

Foodpreneurs Hub, a Nigerian-based foodtech platform, has successfully raised $500,000 in pre-seed funding to advance its mission of combating food insecurity across Africa.

by Joel Omulo

Foodpreneurs Hub Secures $500,000 Pre-Seed Funding to Combat Food Insecurity in Africa

News Startup Updates Funding

Moroccan Startup Userguest Secures EUR2.2 Million Seed Funding for Expansion

Userguest, a Moroccan startup focused on helping hotels optimise their direct revenues, has successfully raised EUR2.2 million (US$2.4 million) in seed funding. The fresh capital will be directed towards accelerating the company's growth and driving innovation in its product offerings.

by Joel Omulo

Moroccan Startup Userguest Secures EUR2.2 Million Seed Funding for Expansion

News Startup Updates Funding

Egyptian Fintech SETTLE Raises $2 Million in Pre-Seed Funding to Scale Globally

Egyptian B2B fintech startup SETTLE has successfully raised $2 million in a pre-seed funding round. The company is now poised to accelerate its transition into global markets while further developing its platform.

by Joel Omulo

Egyptian Fintech SETTLE Raises $2 Million in Pre-Seed Funding to Scale Globally

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