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Nigerian payments company Flutterwave raises $170M, now valued at over $1B – Report

Nigerian payments company Flutterwave raises $170M, now valued at over $1B – Report

The proliferation of fintech services across Africa remains in full swing as investors remain bullish about the opportunities that abound in the sector. Today we behold another unicorn: African payments company Flutterwave announced that it has closed $170 million, valuing the company over $1 billion. New York-based private investment firm Avenir Growth Capital and U.S. hedge fund and investment firm Tiger Global led the...

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AfriBlocks is the first Zimbabwean Startup Backed by Techstars

AfriBlocks is the first Zimbabwean Startup Backed by Techstars

On the 25th of January, Techstars Seattle announced its 12th class, featuring 10 startups from different parts of the world. The accelerator, which has accepted only a handful of African startups, included one from Zimbabwe in this class. AfriBlocks is a global pan-African marketplace of vetted African freelance professionals. The startup was founded by Tongayi Choto and Roger Roman in July 2020 and...

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Apple Alumni Join Self-driving Startup Aeva

Apple Alumni Join Self-driving Startup Aeva

Self-driving sensor startup Aeva Inc, founded by two Apple Inc alumni, has hired another former Apple executive to oversee manufacturing and supply chain operations ahead of an expected deal to become a public company later this month. Aeva, founded by former Apple engineers Soroush Salehian and Mina Rezk, makes a lidar sensor that helps cars...

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Imperial Logistics Takeover e-commerce Startup Parcelninja

Imperial Logistics Takeover e-commerce Startup Parcelninja

JSE-listed Imperial Logistics announced on Tuesday that it has bought South African e-commerce logistics specialist Parcelninja. Terms of the deal were not disclosed. Imperial revealed details of the acquisition in its interim results for the six months ended 31 December 2020, in which it reported a 15% increase in revenue to R26.4-billion. Subscribe for full...

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Mofaya Beverage Releases its 1st TV Commercial Since its Inception

Mofaya Beverage Releases its 1st TV Commercial Since its Inception

Sibusiso Leope/DJ Sbu’s energy drink Mofaya has released their first tv advertisement since the company started six years ago with his business partners. The commercial features DJ Sbu, the co-founder of the beverage energy company as one of the cast members. He’s also the one who narrated the ad in the Zulu language. The lead...

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Empowerment Capital Closes Almost R200m in 13 SA Start-Up Deals in 18 Months

Empowerment Capital Closes Almost R200m in 13 SA Start-Up Deals in 18 Months

Johannesburg: Although investment activity was subdued across the board in 2020, it was an extraordinary deal making year for South African venture capital firm, Empowerment Capital Investment Partners (Pty) Ltd. The company had its most active year yet, aggressively and proactively executing investments in South Africa’s up-and-coming entrepreneurs. Empowerment Capital and its investment funds – Andzani...

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Entrepreneur Feleg Tsegaye Launched Ethiopia’s First Online Food Delivery Company

Entrepreneur Feleg Tsegaye Launched Ethiopia’s First Online Food Delivery Company

Forward-thinking innovations in Africa are what keeps the continent ahead of the game in leading the future for us all. Thanks to entrepreneur Feleg Tsegaye, Africa’s momentum in the food space is seeing an uptick after launching Deliver Addis, Ethiopia’s first online restaurant delivery company, Face2Face Africa reports. Tsegaye — who was born to exiled Ethiopian parents in...

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Chinese Electric Carmaker Byton to Produce Apple Cars

Chinese Electric Carmaker Byton to Produce Apple Cars

Apple iPhone maker Foxconn has signed a deal with Chinese electric carmaker Byton to help produce its first vehicle that’s according to CNBC. The move marks a big push by Foxconn into auto manufacturing as it tries to diversify its business beyond just assembling consumer electric products. Foxconn, which trades as Hon Hai Precision Industry Co. in...

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Snoop Dogg Collaborate with Social Video Platform, Triller to Start New Boxing League The Fight Club

Snoop Dogg Collaborate with Social Video Platform, Triller to Start New Boxing League The Fight Club

Snoop Dogg is coming to boxing on a more permanent basis. The legendary rapper announced Tuesday he is partnering with Triller, an entertainment and music platform that put on Saturday’s Mike Tyson-Roy Jones Jr. fight, to create a new boxing league called The Fight Club. The league will have multiple events per year, with Snoop Dogg...

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