Waving hello to debt financing, Senegalese fintech Wave secured a €90 million syndicated loan from the International Finance Corporation (IFC). The World Bank is the second time the World Bank is stretching its investment arm towards Wave.
The Namibian city of Swakopmund has received Google’s Equiano cable, a subsea internet cable which experts say will improve Namibia’s data transmission, internet speed by 2.5 times and penetration by 7.5 times, and create about 21,000 indirect jobs in 3 years.
Ghana has outrun Nigeria in the “financial inclusion by digital currency” race. Ghana’s digital currency—eCedi—is now in the pilot phase. The offline version of the eCedi is undergoing testing in rural areas.
Is Autochek on Auto-cheque? It seems like the Nigerian-born startup can’t stop writing cheques. After buying the North African automotive startup KIFAL, Autochek has now acquired CoinAfrique. The acquisition will accelerate the penetration of its auto financing services in the francophone region.
Kenya is fast becoming a home of firsts as several global companies are setting up their first African regional offices on its soil. Google, Microsoft, and now Estonia-born ride-hailing startup Bolt has opened its regional office in the country’s capital—Nairobi.
Zambia is almost a cardless economy—only about 10% of its adults use a debit card. Their low card game excludes them from the internet economy. Zambia’s first YC-backed startup, Union54, is offering virtual debit and credit cards to turn things around.
Maybe 7 isn’t such a lucky number. After almost 7 years and 1 million downloads, South African mobile communications company Vodacom is pulling the plug on its on-demand video streaming service, Video Play.
COVID-19 vaccines are on wheels in Kenya. The country’s ministry of health is collaborating with Amref Health Africa and AstraZeneca to send solar-powered mobile clinics to vaccinate people in hard-to-reach areas in the East African country.
This week the Kenyan government passed a policy that ensures that digital taxi operators like Bolt, Uber, Little, and others cannot demand a commission of over 18% of the earnings of taxi drivers who use their cars to work.
This week, Sudan announced that it had vaccinated over 10% of its population against the Covid-19 virus. This is a big win against vaccine inequity, especially in Africa where an average of 4% of the population is vaccinated.
Kenyan startup B2B startup, Duhqa closed a $2 million seed round with participation from CrossFund, Roselake Ventures, and Mo Angels, and also featured a number of existing investors, including Techstars and strategic angels.