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Cleantech Qotto embarks on growth plan backed by $8M funding

TechCrunch

Qotto , a solar kits provider with operations in Burkina Faso and Benin, has raised $8 million in a Series A equity-debt round led by the IBL group, a billion-dollar conglomerate headquartered in Mauritius with business interests in a number of sectors including energy, financial services, logistics, distribution, and engineering.

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Norebase raises $1M to allow companies start, scale, and operate in any African country

TechCrunch

His experience from this activity, coupled with working as a technical adviser to the vice president’s office in Nigeria a couple of months back, led him to launch Norebase , a trade tech startup that has raised $1 million in a pre-seed round.

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Goldman Sachs spinoff Juven to back African high-growth companies with large checks

TechCrunch

Mauritius and U.K.-based ” Juven’s focus is on entrepreneurs trying to leverage tech to solve problems around access for the masses, the company said. Goldman Sachs declined to comment on Frebault’s move, Juven’s activity, its own broader objectives or plans for the region in the future.

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Savannah Fund launches $25M fund to invest in African startups at seed and Series A

TechCrunch

This is the second fund for the nine-year-old Mauritius-headquartered investment firm. By partnering with Savannah Fund, we can help more entrepreneurs to access funding,” said Kevin Njiraini, IFC regional director for Southern Africa and Nigeria. Paul Bragiel (Generap Partner, Savannah Fund).

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Kenyan startup Wowzi secures $3.2 million from 4DX Ventures, Andela co-founder to expand across Africa

TechCrunch

The brands then refine their search (based on the content shared or level of activity) and then reach out to the influencers they desire. Brands also access a community of their most likely customers, and so this makes the campaigns hyper targeted for them as well,” said Falla.

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Dispute between founders and board leaves Capiter in arrears to employees and creditors

TechCrunch

Rather, this course of action was undertaken after the founders abdicated their responsibilities, failed to enact Board-approved corporate actions, and began to actively subvert the abilities of the company to stabilize its financial and operational affairs. the holding company initially based in Mauritius and now in Abu Dhabi.

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ChatGPT: Everything you need to know about the AI-powered chatbot

TechCrunch

Paying ChatGPT users have access to GPT-4, which can write more naturally and fluently than the model that previously powered ChatGPT. July 6, 2023 OpenAI announced the general availability of GPT-4 Starting July 6, all existing OpenAI developers “with a history of successful payments” can access GPT-4.

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