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Venture Capital

DIEZ Launches venture capital (VC) fund worth US$136 million

Under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, the Dubai Integrated Economic Zones Authority (DIEZ) has announced the launch of a venture capital...

Nigerian Healthtech Startup Remedial Health Secures $4.4-Million in Seed Funding

Remedial Health, a healthtech startup that develops solutions to make Africa’s pharmaceutical value chain more efficient, has raised $4.4 million in seed funding. With this latest investment, the company plans to accelerate its expansion across Nigeria and provide access to...

$50,000 Up for Grabs in Ecobank’s 2022 African Fintech Challenge

Pan-African banking group, Ecobank Group, has today announced the launch of the fifth edition of the Ecobank Fintech Challenge and encourages African Fintech entrepreneurs to enter the competition. The group says that that the top fintech chosen and aligned with...

SA Company Wins $50-Million in Africa’s “Largest-Ever” Crypto Raise

VALR.com, a cryptocurrency exchange headquartered in South Africa, today announced that it has raised $50 million (over R750 million) in Africa’s largest ever crypto funding round. This values the company at $240 million. VALR’s oversubscribed Series B equity funding round...

4 Lessons Private Equity Can Learn After a Huge 2020 for African VC

Despite the limitations of a global pandemic and its attendant lockdowns, African venture capital had a bumper year in 2020. According to a report from the African Private Equity and Venture Capital Association, the number of total reported venture capital...

Nigeria’s OPay Raises $400-Million in Largest Investment Round by African Startup

Nigeria-based fintech OPay has secured $400-million during a new funding round left by SoftBank Vision Fund, Japanese conglomerate SoftBank's venture capital arm. According to Tech Cabal, this latest funding round brings total investments into OPay to $570-million and sees the...

Nigerian FinTech Kuda Bank Closes $55-Million Series B Funding Round

Kuda Bank, a Nigerian fintech startup has raised $55-million in a Series B funding round at a valuation of $500-million. Previously, the company announced it had raised $25-million during a round of Series A funding a little over four...

South African E-Learning Unicorn Raises $200-Million in Series D Round

Go1, one of the world’s largest corporate education content hubs for on-demand training and resources, recently announced a $200-million Series D round - valuing the company at more than $1-billion. The online learning platform, co-founded by South African Melvyn Lubega...

The Top African Regions Set to Become Startup and Investment Hubs

On the back of Cape Town being recognised as the tech capital of Africa, topping international rankings for foreign direct investment strategy, Ian Lessem, Managing Partner at HAVAÍC – investors in early-stage, high-growth technology businesses – says several other...

Security Flaw in Health Startup Exposed User Accounts and Medical Information

LogBox, a South African medical data startup that claims it is an "absolutely secure" way to replace paper forms and documentation in sharing patient data with doctors, has allegedly exposed user accounts and sensitive patient data following a lapse...
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Top 5 Gadgets that were highly Expected in 2024

The following are 2024 top 5 gadgets that are/ were highly expected according to Menstuff. 1. LG’s see-through Signature OLED...
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