deals

Education technology startup based in Kenya, Kidato, has raised a seed investment of US$1.4 million. The fund is expected to power the company’s product development and aid its growth. The latest funding comes after Kidato was accepted into the Silicon Valley-based accelerator Y Combinator Winter 2021 batch, through which it…

Kenyan on-demand healthcare startup, TIBU, has raised a seed investment that is expected to accelerate and expand its operations in the country. Although the amount involved was not disclosed, the funding round was reportedly oversubscribed by 100 percent. Venture Capital firms, Blue Haven Initiative and Kepple Africa Ventures, raised the funds. This is…

A corporate disclosure by Access Bank, which was seen by Business Elites Africa, explained that this is in furtherance of Access Bank's strategic efforts to become Africa's financial gateway to the world. 

Africa’s biggest retail chain, Shoprite, has concluded arrangements that would lead to its final exit from Nigeria, an exclusive report by Reuters stated on Wednesday, April 15. A Nigerian real estate group, Persianas, owned by Nigerian billionaire, Tayo Amusan, is said to have won the bidding process for the takeover…

Nigerian Fintech company, Flutterwave, has reached a unicorn status after raising $170 million in investment. The company is now valued at over $1 billion, the company confirmed the investment in a video shared on Twitter moments ago. Africa’s tech ecosystem is on a full speed as foreign investors are racing…