-
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
-
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
-
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
-
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
-
Landmark Summit Mobilises $2.2 Billion to Make 2024 a Turning Point for Clean Cooking Access in Africa
Close to 60 countries, as well as companies and development institutions, gathered in Paris to channel unprecedented resources towards addressing a challenge affecting huge numbers of women and children.
- Categories
- Energy, Environment
- Region
- Sub-Saharan Africa
-
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
-
$100 Million (R1.9 billion) Investment Boon for Mobile Games, Films in South Africa
Investment company Talent10 Holdings, in collaboration with the Industrial Development Corporation (IDC), has committed over $100 million (almost R1.9 billion) to develop a new entertainment and gaming franchise in South Africa.
- Categories
- Investing, Technology
- Region
- Sub-Saharan Africa
-
Spatialedge, an AI Startup Based in South Africa, Secures $3.1 Million in Funding
Spatialedge, a South African startup providing data and applied artificial intelligence (AI) solutions, has raised ZAR60 million (US$3.1 million) to further its goal of revolutionising the retail sector.
- Categories
- Technology
- Region
- Sub-Saharan Africa
Subscribe to Our Weekly Newsletter, "NextBillion Notes"
Published each Wednesday, our e-newsletter features NextBillion's latest original articles, along with a selection of news, jobs, bizdev opportunities and events from our recent coverage — and regular conference ticket giveaways.
We respect your privacy. Your information is safe and will never be shared.
Don't miss out. Subscribe today.