Uber commits to back Moove’s $100m raise at $750m valuation
..the investment would be a milestone for Moove, bringing its total funding since inception to an impressive $335 million.
President Tinubu appoints Ibrahim Adeyanju as Galaxy Backbone CEO amid other NCC new executives
President Bola Tinubu has appointed Ibrahim Adepoju Adeyanju as the new Galaxy Backbone CEO and Mr Gbenga Alade…
Google debunks Gmail shutdown rumour
Google has refuted claims about the imminent shutdown of its widely used email service, Gmail. This is contrary…
Egyptian startups get major boost as Sawari Ventures launches $150 million fund
Sawari Ventures, a prominent investment firm, is set to launch a new fund with a $150 million investment…
FairMoney explores $20m all-stock acquisition of Umba to expand presence in Nigeria and Kenya
FairMoney, a digital digital bank headquartered in Paris and based in Lagos, is in early-stage discussions for a…
Jumia posts 90% year-over-year decline in operating loss in 2023, declares optimism for 2024
Amidst the backdrop of global economic uncertainties, Jumia, the preeminent e-commerce platform in Africa, concluded the year 2023…
Partech secures $300m to invest in Africa, expands operations into Lagos with new office
A global investment firm, Partech has announced the final closing of its second Africa-focused fund, Partech Africa II,…
Nigerian cleantech startup Arnergy secures $3m funding for energy expansion
Nigerian clean technology startup, Arnergy, has secured a $3 million funding boost from All On to accelerate the…
Firefox creator Mozilla slashes workforce by 5% under new CEO
In a realignment under its new CEO, Mozilla Corp., the renowned creator of the Firefox web browser, has…
Kenya’s Roam secures $24m funding to expand its e-mobility service across Africa
Kenyan electric mobility startup Roam, formerly known as Opibus, has secured a substantial boost of US$24 million in…
