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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.
Kenyan startup Wowzi has secured new funding to expand the reach of its platform, which turns social media users into brand influencers, to West and Southern Africa — as it taps the increasing usage of social sites across the continent driven by the proliferation of smartphones and a deepening internet penetration.
They include Algeria, Botswana, Egypt, Kenya, Lesotho, Malawi, Mauritius, Morocco, Mozambique, Senegal, Seychelles and South Africa. PayPal finally arrived Africa’s most populous country in 2014 and a year later, it became the company’s second-biggest market on the continent.
This is the second fund for the nine-year-old Mauritius-headquartered investment firm. The firm has a presence in Kenya, South African and Tanzania, but its core markets remain Kenya, Nigeria, and South Africa. South African startup Aerobotics raises $17M to scale its AI-for-agriculture platform.
Major brands are experimenting with it, using the AI to generate ad and marketing copy, for example. In addition to GPT-4, OpenAI recently connected ChatGPT to the internet with plugins available in alpha to users and developers on the waitlist. ” They’re all chasing after a customer service software market that’ll be worth $58.1
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