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South African Online Retailer Takealot Warns About E-Commerce Competition from Chinese Clothing Manufacturers Temu and Shein
Despite Takealot being a local business, many South Africans have come out in support of Shein and Temu because of their cheap prices.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Malaysia’s Paywatch Secures $30 Million Funding From a Mix of Equity and Credit Facilities
This is the largest funding round closed by an Malaysia-based earned-wage access (EWA) player in Southeast Asia.
- Categories
- Finance, Technology
- Region
- South Asia
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IFC, Proparco and RMB Partner With WIOCC Group to Raise Over $50 Million to Invest in Digital Infrastructure in Africa
With this funding, WIOCC plans to expand its core and edge data centres in the Democratic Republic of the Congo, Nigeria and South Africa to meet data centre services.
- Categories
- Technology, Telecommunications
- Region
- Sub-Saharan Africa
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Alyve Health Bags USD $5.5 Million in Series A Round
With the raised capital, the Mumbai-based health-tech startup aims to grow initiatives across key areas.
- Categories
- Health Care, Technology
- Region
- Asia Pacific
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Fibe Raises USD $90 Million in Series E Round
Moving beyond a typical financial solutions provider, Fibe is playing a pivotal role in fulfilling the aspirations of young India - the world's largest workforce.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Rwanda’s EV Startup Ampersand Partners with BYD for Expansion
On Tuesday, June 18, 2024, Kigali-based electric vehicle (EV) energy tech company, Ampersand, signed a landmark agreement with a Chinese–born EV company, BYD, to enhance electric motorbike development and deployment in Africa.
- Categories
- Technology, Transportation
- Region
- Sub-Saharan Africa
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Investment Africa Data Centres Gets Over $100 Million Funding From RMB
The partners in the deal say the financing agreement demonstrates the strong financial position of Africa Data Centres and its commitment to investing in the digital transformation of South Africa.
- Categories
- Technology, Telecommunications
- Region
- Sub-Saharan Africa
- Tags
- data, digital inclusion
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Renew Capital Backs Zuri’s Tech-Driven Beauty Revolution in Africa
Zuri boasts a robust e-commerce platform, allowing customers to conveniently purchase products online and enjoy home delivery.
- Categories
- Investing, Technology
- Region
- Sub-Saharan Africa
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