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Nigeria’s Termii raises $1.4M seed led by Future Africa and Kepple Africa Ventures

TechCrunch

The round was co-led by African early-stage VC firm Future Africa and Japanese but Africa-focused VC Kepple Africa Ventures. The seed investment that is coming a year after Termii graduated from the YC will be used for expansion and launch more messaging offerings across Africa. million seed round.

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Google’s Africa Investment Fund makes first investment in Uganda’s SafeBoda

TechCrunch

Internet giant Google announced today that it has made the first investment from its Africa Investment Fund in Ugandan super app SafeBoda. He made this known at the Google for Africa event in October. Before launching the fund, Google proved helpful in startups’ journeys via its Google for Startups Accelerator Africa program.

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Google is building the first fiber optic cable connecting Africa and Australia

TechSpot

Seeking to expand its already significant presence in Africa, Google has announced it is building the first-ever fiber optic route to connect Africa with Australia. The "Umoja cable route" will anchor in Kenya, pass through Uganda, Rwanda, the Democratic Republic of the Congo, Zambia, Zimbabwe, and South Africa, and then.

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Cameroon’s Ejara raises $2M to offer crypto and investment services in Francophone Africa

TechCrunch

The adoption of cryptocurrency in Africa varies regionally. A region of more than 200 million people using the CFA franc, Francophone Africa is one of the most crypto-friendly markets in Africa. Typically , cryptocurrencies in Francophone Africa are reserved for a few elites who wish to diversify their assets.

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Kenya’s Twiga raises $50M to scale food solutions across Africa

TechCrunch

Africa still battles with this and it is not hard to see why. Kenya’s Twiga Foods eyes West Africa after $30M raise led by Goldman. Africa-focused firms TLcom, IFC Ventures, DOB Equity, and Goldman Sachs’ spinoff Juven , wrote follow-on checks too. Now, they only spend 6% of their household income on food and beverages.

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The Communication & Giving Preferences of 641 Online Donors

Nonprofit Tech for Good

69% live in the United States, 13% in Canada, 8% in Europe, 3% in Africa, 3% in Latin America & the Caribbean, 2% in Australia & New Zealand, 1% in Asia, and 1% in the Middle East. Thank you to those who took the survey! About the Survey Respondents 641 donors that have made an online donation within the previous 12 months.

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YC-backed Djamo is building a financial super app for consumers in Francophone Africa

TechCrunch

Djamo , a financial super app for consumers in Francophone Africa, is the first startup from Ivory Coast to get backing from Y Combinator. While there has been a huge profusion of financial services that have emerged in recent years in Africa, Djamo’s mission is to try to plug one specific and a very underserved gap in Francophone Africa.

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