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Kenya’s Copia Mulls Shutdown Amid Plans to Lay Off Over 1,000 Staff
The layoffs would be a drastic cost-cutting measure for the company.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- distribution, e-commerce, employment, failure, startups
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Press Release: Microsoft and G42 Announce $1 Billion Comprehensive Digital Ecosystem Initiative for Kenya
The largest single private-sector digital investment in Kenya’s history will support economic development across East Africa.
- Categories
- Investing, Technology
- Region
- Sub-Saharan Africa
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Press Release: TaroWorks Is Offering $20,000 Grant to a Humanitarian Aid Organization to Digitize Its Field Operations With Last-Mile Technology
TaroWorks, in collaboration with Qualcomm Wireless Reach, is excited to announce a $20,000 humanitarian technology grant — a funding opportunity for non-profit organizations dedicated to providing humanitarian aid to vulnerable populations in hard-to-reach environments.
- Categories
- Technology
- Region
- Global
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South African Fintech Company Adumo Acquired by Lesaka in $85.9 Million Deal
Adumo is South Africa’s largest independent payments processor, assisting approximately 23,000 active merchants.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Amazon Takes its E-Commerce Machine to Africa
Amazon rolled out its online shopping service in South Africa, marking the U.S. giant’s entry into Africa’s e-commerce space.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- corporations, e-commerce
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Maad Raises $3.2M Seed Amid B2B E-Commerce Sector Turbulence in Africa
Maad, a B2B e-commerce startup based in Senegal, has secured $3.2 million debt-equity funding to bolster its growth in the western Africa country and to explore fresh opportunities in the wider Francophone region.
- Categories
- Investing, Technology
- Region
- Sub-Saharan Africa
- Tags
- e-commerce, startups
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Identity Company Seamfix Raises $4.5 Million in First Funding Round to Expand Outside Nigeria
Seamfix, a 17-year-old identity solutions company, has raised $4.5 million in funding from Alitheia IDF, its first institutional investor as it looks to expand its business outside Nigeria.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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American Express Sets its Sights on Expansion and Innovation in Nigeria and Beyond
The company plans to increase its presence in Africa, with a current operation in 30 countries and a goal to expand to 42 countries in the sub-Saharan region.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
- Tags
- digital payments, lending
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