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Amid Business Restructuring, YC-Backed Vendease Slashes Workforce by 20%
Nigerian startup, Vendease will lay off 20% of its employees as it sets sights on sustainability.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- e-commerce, employment, startups
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SCOPE Launches USD $50 Million Venture Capital Fund to Back Fintech and Gaming Startups
The fund aims to target high-potential fintech and gaming startups in India and US, offering early-stage investments of USD 500,000 to USD 2 million.
- Categories
- Technology
- Region
- Asia Pacific
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Ghanaian Clean-Tech Startup, Kofa Raises $5 Million Funding via SPV
Kofa Technologies has recently announced a $5 million fund raise via SPV to expand its battery swapping network with more stations in Ghana.
- Categories
- Technology, Transportation
- Region
- Sub-Saharan Africa
- Tags
- e-mobility, research, solar, startups
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Zeno Raises $9.5 Million to Take On Ampersand and BasiGo With Electric Motorbikes in 2025
The startup intends to accelerate its plans to introduce swappable battery technology across East Africa with the introduction of its first electric motorbikes in early 2025.
- Categories
- Energy, Technology, Transportation
- Region
- Sub-Saharan Africa
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Nigeria Begins AI Push With Google-Backed Fund
The hope is that AI will help to solve the country’s development challenges.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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M-Kopa Must Pay Taxes to Kenya After Losing Appeal
The startup appealed against a $6.8 million tax demand for 2017 to 2019, arguing that it’s incorporated in the UK.
- Categories
- Technology, Transportation
- Region
- Sub-Saharan Africa
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Senegalese Fintech Startup Rubyx Secures $440,000 Loan From Proparco
Rubyx has developed a cloud-native, API-driven digital lending platform that enables service providers to rapidly launch innovative loan products and meet the evolved expectations of borrowers.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Nigerian Investment Fintech Rise Completes Acquisition of Kenya’s Hisa
Rise, a Nigerian fintech that gives customers access to selected global investments, has acquired Hisa, a Kenyan investment startup.
- Region
- Sub-Saharan Africa
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