Early-stage VC Fund Launch Africa Ventures Makes First Exits
Early-stage VC fund Launch Africa Ventures has begun making its first exits, while also confirming slight tweaks to its investments strategy as it begins deploying from its second fund. Launched in July 2020 by Zachariah George and Janade du Plessis, with chairperson Margaret O’Connor also on the board, Launch Africa Ventures closed
South Africa’s VALR Adds 500k Users to Reach 1 Million Users This Year
South Africa’s VALR, the largest crypto trading platform in Africa by trade volume, doubled its user base in 2024, surpassing the one million mark. Established in 2018, VALR is a digital asset platform that allows customers to buy, sell, store and transfer Bitcoin and 60 other cryptocurrencies – the widest selection of
Chidimma Adetshina: Rejected in South Africa, Crowned by the World
The story of Chidimma Adetshina began when she was announced as a contestant for Miss Universe South Africa 2024. Although she was born in Soweto and has been a permanent resident of South Africa for over five years, as required by eligibility rules, Chidimma faced scrutiny regarding her eligibility. This
Egyptian Insurtech Startup Amenli Raises $1m to Fuel Growth
Egyptian insurtech startup Amenli raises $1m equity funding round to help it expand its team, further build its product and grow its brand. Founded in 2020 by Adham Nauman, Omar Ezz El Din and Shady ElTohfa, Amenli offers its clients all types of insurance, with a focus on medical, car, home and
Nigeria’s Shyft Power Solutions Acquired by UK’s SteamaCo
Shyft Power Solutions, a Nigerian innovator in digital energy solutions that has gained popularity with its community-metering solutions, has been acquired by SteamaCo, a UK-based leader in energy revenue management, in a move to revolutionise Africa’s energy sector, while it has also secured new funding. Shyft is an energy technology company
Top 9 Financial Strategies to Fund Your Business Growth
Growing a business is an exciting yet challenging phase for entrepreneurs. It demands innovative ideas, a robust team, and, most importantly, adequate financial resources. Without proper funding, even the most promising business ventures can struggle to scale. Whether you’re a startup looking to break into the market or an established
From Startup to Success: Key Lessons for Sustained Growth
The journey of entrepreneurship is like sailing on a huge ocean of potential. As a startup founder, you dream of making a mark, creating something meaningful, and eventually becoming successful. However, the path is rarely smooth, with countless obstacles and uncertainties lurking around every turn. Fear not, for in this
Egyptian Supply Chain Startup Qara Raises $2.6m
Egyptian supply chain tech startup Qara raises $2.6 million funding round to drive its expansion into Saudi Arabia. Qara empowers producers with a fully integrated digital platform, ensuring product authentication and full traceability to the end consumer, while also enabling businesses to connect with their entire markets and leverage insights for
How Kenya’s ZOPA 254 is Helping African Retailers Reduce Stockouts
Kenyan startup ZOPA 254 helps African retailers reduce stockouts to maximise revenues, and minimise product expiries and waste, with AI-driven demand forecasting software. Founded in January 2024 after co-founders Caroline Wong and Kwame Asiago took part in the Antler East Africa venture builder programme, ZOPA 254 takes historical sales data and other
10 Fastest Growing Businesses in Uganda This Year
As one of Africa’s fastest-growing economies, Uganda presents numerous opportunities for entrepreneurs and investors alike. Driven by a young and dynamic population, government-backed initiatives, and increasing global attention, Uganda’s business landscape is flourishing. This article explores the fastest growing business in Uganda, with data and insights from 2024 and projections
