TechCrunch

MAY 4, 2022

And in trying to sweet-talk investors, what’s not taken into context or often disregarded is that Africa is a fragmented $3 trillion market. Trade has the least startup activity in a market that received $5 billion in VC funding last year. The continent is also home to more than 1.2

Africa 139

Africa Burkina Faso Nigeria Companies 139

TechCrunch

FEBRUARY 11, 2021

With other outlets like media publications WeeTracker and Disrupt Africa disclosing different results for the African venture capital market, we compared and contrasted their results last year. Mauritius-headquartered companies received $110 million while African startups headquartered in the U.K. Those in South Africa claimed $119.7

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South Africa Raise Africa Ghana 129

TechCrunch

JANUARY 25, 2021

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.” Though, just eight of those companies got investments.

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Nigeria Africa Report Mauritius 138

TechCrunch

FEBRUARY 13, 2023

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.

Burkina Faso 95

Burkina Faso Benin Fund Africa 95

TechCrunch

OCTOBER 6, 2021

Mauritius and U.K.-based The one-year-old firm is looking to invest large checks in companies “that have proven business models, strong revenue traction and large addressable markets,” it said in a statement. Frebault adds that Juven may also consider non-tech companies that can solve such problems.

Africa 94

Africa Companies Mauritius South Africa 94

TechCrunch

NOVEMBER 10, 2021

However, a presence in Africa’s largest market, Nigeria, remained elusive for the company. Nigeria is quite different from the typical MFS market, where mobile money agents run the show. Emerging markets lender Lendable and Norsad provided the debt financing. MFS Africa intends to use the new investment in several ways.

Africa 108

Africa Digital Nigeria Uganda 108

TechCrunch

MARCH 10, 2021

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.

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Fund Africa Kenya Tanzania 100