Sunday, August 18, 2019

Max.ng Sets to Introduce Electric Bikes After Raising $7 million Funding

Nigeria’s most popular, Bike hailing startup, Max.ng has closed a new round of funding. The startup recently secured $7 million funding from investors through a Series A round ($6 million) and grants ($1 million). Kenyan venture firm Novastar Ventures led the round. Other investors include Breakthrough Energy Ventures, Zrosk Investment Management and Alitheia...

Agri-tech startup Farmerline secures AfDB grant funding

Ghanaian agri-tech startup Farmerline is set to receive grant funding from the African Development Bank’s $23 million Agriculture Fast Track Fund. Farmerline, which leverages innovative mobile technology to extend access to financial services, information, and high-quality input directly to farmers resulting in increased yields and incomes, is one of 17 agribusinesses to benefit from...

Ethiopia’s first app-based taxi service, ZayRide is expanding into West Africa

ZayRide is Ethiopia’s first e-hailing taxi service and it’s scaling beyond the streets of Addis Ababa. ZayRide, which launched in July 2016, is expanding to the Liberian capital, Monrovia. In collaboration with the Liberian web solutions firm Hak Technologies, the Ethiopian on-demand taxi service will introduce 200 cars by August this year, says founder...

Ghana’s Truckr Wins Pitch2Win’s One Million Naira Equity Free Funding

A pitch competition launched by TechCircle called Pitch2Win, which aims to find disruptive startups and connect them with investment opportunities held this year’s edition in partnership with Japan’s FreakOut Holdings, on the 12th of June, 2019 at the Impact Hub Lagos, Ikoyi. It featured 10 startups selected out of 200 entries across various sectors,...

South Africa’s Insurtech startup, Inclusivity Solutions raises $1.56m to expand to new markets in Africa

Inclusivity Solutions is a South African insurtech startup and it has raised US$1.56 million in the first tranche of its Series A funding round to help it expand into other markets. Inclusivity Solutions designs, builds and operates inclusive digital insurance solutions and delivers them through digital channels in partnership with mobile operators, insurance companies and...

Hilda Kragha appointed as new CEO of Jobberman Nigeria

Nigeria’s most popular job platform, Jobberman announces a new appointment of leadership. Mrs. Hilda Kabushenga Kragha has joined the business on 10th June 2019, appointed as the company’s Chief Executive Officer, responsible for the growth and operations for the company. Mrs. Kragha was previously an Engagement Manager at McKinsey & Company, advising blue chip...

Motorcycle taxi startup, Max.ng raises over $6m to launch in Ghana & Ivory Coast

Popular Nigerian motorcycle taxi startup, MAX.ng has raised between $6m and $7m to expand across Africa. With the funding, the firm aims to expand to Ghana and Ivory Coast and a fourth city in Nigeria.  Speaking to Reuters, Max.ng co-founder Adetayo Bamiduro said the expansion into the new countries would be...

Apply before July 31 for the GSMA Innovation Fund for Digitisation of Agricultural Value Chains

The GSMA Innovation Fund for Digitisation of Agricultural Value Chains aims to scale digital solutions for the agricultural last mile and improve smallholders’ financial inclusion, livelihood and climate resilience. The Fund prioritises enterprise services targeted at organisations (e.g. agribusiness, cooperatives, etc.) procuring from smallholders with the focus on those living on less than USD...

Nigeria’s Max.ng recently raised between $5 million – $7 million

Nigerian motorcycle taxi firm max.ng, is planning to launch in Ghana and Ivory Coast this year, as well as a fourth Nigerian city.  While informal motorcycle taxis have been around in Africa for years, the new companies are hoping to win market share by offering trained, accountable drivers and the convenience of booking rides...

AfriLabs increase its hubs, Expands into 45 African Countries

The pan- African network of technology and innovation hub, AfriLabs, has added 27 new hubs into her network thereby extending her reach into 6 countries; Guinea, Mauritius, South Sudan, Libya, Tunisia and Botswana and 12 new cities making it a total of 158 Hubs in 45 African Countries. In Central Africa, AfriLabs has added...
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