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YC-backed Namibian startup JABU gets $3.2M for its B2B e-commerce and retail play

TechCrunch

Namibian business-to-business e-commerce startup JABU confirmed to TechCrunch that it has raised a $3.2 Last year saw venture capital firms and institutional investors scramble to back newly formed and existing business-to-business e-commerce retail startups. million financing round.

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

TechCrunch

It is nearly impossible for businesses in some African countries to receive money from PayPal. Via this partnership, African businesses can connect with the more than 377 million PayPal accounts globally and overcome the challenges presented by the highly fragmented and complex payment and banking infrastructure on the continent.

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Mark Zuckerberg’s year of books: The essential points from Why Nations Fail

The Next Web

Riddle me this: Why has Botswana, a landlocked country in the south of Africa, become one of the fastest-growing countries in the world, while other African nations — Zimbabwe, the Congo and Sierra Leone among them — remain caught in a miasma of violence and poverty?

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South African startup Qwili gets $1.2M to scale its app and low-cost NFC-enabled smartphone

TechCrunch

They employed a business-to-customer model where Qwili sold these devices to individual users who used the platform’s digital wallet to buy value-added services. Its business-to-business model has picked up steam, too, as 500 micro and small merchants use the hybrid platform (about half use Qwili’s NFC-enabled smartphones).

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Nigeria’s AltSchool raises $1M pre-seed to build an alternative school for Africans

TechCrunch

But since the unicorn changed its business model to a pure marketplace focusing on senior developers, other platforms such as AltSchool Africa are trying to fill one of the gaps it left: training people to become junior to mid-level engineers. Andela has been pivotal to placing the continent’s tech talent globally.

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South Africa’s Flow gets funding to automate social media advertising for real estate agencies

TechCrunch

While they sold the business to global communications group Publicis in 2015, it was some of the knowledge gained while running Popimedia that they drew on to pivot Flow into its current business model three years later.

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Namibian B2B e-commerce retail platform JABU raises $15M led by Tiger Global

TechCrunch

So, I think it [BNPL] is going to worsen the situation for small businesses, it’s going to create more defaults, generate a culture of bad pay, and it’s going to create real debt at the SME level in Africa, that will be hard to justify.”. Many businesses like ours are taking money out of the market.

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