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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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Flutterwave and PayPal collaborate to allow African merchants to accept and make payments

TechCrunch

They include Algeria, Botswana, Egypt, Kenya, Lesotho, Malawi, Mauritius, Morocco, Mozambique, Senegal, Seychelles and South Africa. Now, African businesses have more access to sell to global customers using PayPal to receive and send payments online. . But this one with PayPal is arguably its biggest collaboration yet.

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

TechCrunch

These countries include Nigeria, Kenya, Ghana, South Africa, Rwanda, Senegal, Togo, Tanzania, Ivory Coast, Egypt, Mauritius and Burkina Faso. “What we do multiplies the valuation of almost every startup because then they can access more markets from the get-go,” said the founder of the partners using its platform.

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Early-stage African VC firm, Microtraction reports portfolio boom despite the weight of COVID-19

TechCrunch

Founded by Yele Badamosi in 2017, Microtraction arrived on the continent’s early-stage investment scene with all intent to be “the most accessible and preferred source of pre-seed funding for African tech entrepreneurs.” The companies’ combined valuation stands at over $147 million according to the firm.

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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. based investment company Juven went live today with plans to fund growth-stage technology and consumer companies in Africa.

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MFS Africa collects $100M to expand its digital payments gateway across the region

TechCrunch

But because they offer a similar range of services in digitizing cash like mobile money agents in East Africa, it made sense for MFS to acquire Capricorn and have access to its more than 90,000 agents. It recently opened new offices in Abidjan, Kampala, Kinshasa, Nairobi and Lagos while moving its headquarters from Mauritius to London.

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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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