This Week's Roundup Includes Helios, Jumia, Sendsprint Acquires US-Based Nobel Financial and July Funding Takes 2024 Raises To $1.2B

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?? Insurtech – What’s Trending?

ATS Nairobi 2025 has launched ticket sales - we will be recapping sessions from ATSNBO 24. Insights and expert views from the panel session on Insurtech – What’s Trending? featuring: Jihan Abass, Founder & CEO at Lami, Gbenro Dara, CEO & Co-Founder at Octamile, Elias Omondi, Principal, Innovation for Resilience at FSD Africa and moderated by Jessica Hope, Founder & CEO at Wimbart. Via Africa Tech Summit Watch Now

Report:?24 Health Supply Chain Innovators Emerge as Market Leaders Across Africa

Healthcare consulting firm Salient Advisory has launched its latest market intelligence report, focusing on 24 leading Africa-focused supply chain innovators which appear to be on the cusp of more substantive impact. Via AppsAfrica Read More

Report: Diversity Dividend: Exploring Gender Equality in the African Tech Ecosystem

The level of representation of women within the leadership of African tech startups has increased over the last year, but there is plenty of work to be done before true gender equality exists in the space. Disrupt Africa’s annual deep-dive into the state of gender diversity in the African startup and venture capital ecosystems, is powered by Madica. Via Disrupt Africa Read More

African Start-Ups Surpass $1.2B in 2024 with Stellar July funding

African start-ups raised an impressive $420 million in July 2024, the highest monthly fundraising performance in over a year, according to a recent report by Africa: The Big Deal. The ecosystem has now raised over $1.2b since the beginning of the year. Via Business Insider Africa Read More

Helios Raises Initial $200M for Africa-Focused Climate Fund

Helios Investment Partners has raised an initial $200 million for the Helios Climate, Energy Access, and Resilience (CLEAR) Fund, aiming to reach a total of $400 million, making it the largest climate fund dedicated to Africa. The CLEAR Fund will invest in low-carbon energy, climate-smart agriculture, climate-friendly mobility, recycling, and digital and financial climate enablers. Via Climate Insider Read More

African Women in Tech & AI: 15 Entrepreneurs Win Grants & Support For Businesses

The 15 entrepreneurs were among 80 other women who have just completed a 3-month training course designed by UNESCO and its new Category 2 Institute, Ai Movement, and funded by the Morocco’s OCP Foundation. Via Unesco Read More

Jumia Plans to Raise $100M + in Secondary Shares to Drive Stalled User Growth?

African e-commerce company Jumia is selling 20 million American depositary shares over the next couple of weeks. The at-the-market transaction is to take advantage of strong results despite a volatile market. Via Tech Crunch Read More

MTN Group Completes Sale of MTN Guinea-Bissau to Telecel

MTN Group, a pan-African telecom company has completed the sale of its smaller West African subsidiary Spacetel Guinea-Bissau S.A. (MTN Guinea-Bissau). Stating the sale to Telecel Group Mobile Limited is in keeping with the Group's strategic aim of accelerating portfolio transformation. Via ITWeb Africa Read More

Founders Factory Africa Rebrands to 54 Collective

The rebranding marks a shift from sector-specific investments to a sector-agnostic approach. Previously focused on Agtech, Fintech, and Healthtech, 54 Collective now aims to support founders across various industries, addressing a wider range of challenges on the continent. Via Ventureburn Read More

?? Driving Business Growth: Payments & Lending

Insights and expert views from the panel session on Driving Business Growth: Payments & Lending at Africa Tech Summit Nairobi 2024 featuring: Caroline Hane-Weijman, Head of Product Country Director at Paystack, Peter Oriaifo, VP of M&A at Moniepoint, Mumbi Annstella, General Manager Kenya at Tala, John Egwu, Chief Operating Officer at Autochek and moderated by Divine Muragijimana, Fractional CMO at Savoir-Faire Global Consulting. Via Africa Tech Summit ?Watch Now

Nigerian Payment Startup Sendsprint Acquires US-Based Nobel Financial

Nigerian fintech startup Sendsprint has announced the full acquisition of Nobel Financial, a US-based global remittance service provider. The acquisition will see Sendsprint drive the expansion of its footprint and services to customers in the United States. Via Africa Business Communities Read More

Egypt’s MNT-Halan Expands into Turkey with Acquisition of Tam Finans

MNT-Halan has bought the company from private equity firm Actera Group and the European Bank for Reconstruction and Development (EBRD) for an undisclosed sum. The move comes after the Giza-based firm announced a $157.5 million funding round last week to help drive its expansion efforts. ?Via Fintech Futures Read More

Mansa Launches Trade-Finance and Cross-Border Payments in Africa

Mansa’s new offerings include innovative pools for remittance and stablecoin liquidity, helping African businesses secure more affordable capital. ?Via Techeconomy Read More

Decentralization Might be the Next Wave of Innovation in Nigeria’s Payment Industry

As digital payment numbers are expected to explode, existing payment infrastructures would require significant upgrades to handle this scale of adoption. This projected surge in digital payments will ultimately require innovation at the infrastructure and product levels to accommodate the increased demand.? Via Ventures Africa Read More

Intron Health Raises $1.6M in Pre-seed Funding to Build AI for Global Health??

The round was led by Microtraction, with participation from Plug and Play Ventures, Jaza Rift Ventures, Octopus Ventures, Africa Health Ventures, OpenseedVC, Pi Campus, Alumni Angel, and Baker Bridge Capital. Via AppsAfrica Read More

Egyptian Fintech Lucky ONE Gets $3M to Scale Credit Platform

Lucky ONE, a leading consumer finance company in Egypt and Morocco, has raised $3 million in a convertible bond funding round. The investment, secured from existing backers including Lorax Capital Partners, KEM, and DisrupTech Ventures, will be instrumental in expanding the company’s credit platform and facilitating its entry into new regional markets.? Via Daba Finance Read More

Egypt’s Cartona Raises an $8.1M Series A

Cartona, an Egypt-based B2B eCommerce platform, has raised $8.1 million in a Series A extension — $5.6 million in equity and $2.5 million in debt — from new and existing investors, to grow its market share and help retailers. ?Via Techpoint Read More

Silverbacks Holdings Invests in African Sports-Tech Firm NERGii

Silverbacks Holdings, a Mauritius-based investment firm, has acquired a significant minority stake in NERGii, a South African sports technology company that produces innovative performance-enhancing shoe insoles. Via Ventureburn Read More

Open Startup Launches Second Cohort of Grow Programme

Open Startup (OST) has launched the new cohort of its renowned Investment Readiness Program, GROW, designed to empower advanced African startups to scale their businesses and secure funding. Deadline: August 31? Apply Here

GameUp Africa

GameUp Africa is a 5-month annual training programme that provides an entry point into the games industry for individuals with technical skills. The programme is designed to administer foundational training on a diverse array of skills within the game industry. Deadline: August 11? Apply Here

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