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BudgIT Recieves up to $1.5M Grant from Omydiar Network

BudgIT, a Lagos, Nigeria-based government transparency organization, recieved up to $1.5m three-year grant. Omidyar Network awarded the grant. The funding will be focused on enabling...

Paystack Raises $1.3m in Seed Funding

Paystack, a Lagos, Nigeria-based fintech startup, raised $1.3m in seed funding. Backers included Tencent, Comcast Ventures, Singularity Investments, Spark, M&S Partners, Tokyo Founders Fund, Blue...

Zinox Technologies Secures $25M in Funding

Zinox Technologies, a Lagos, Nigeria-based ICT manufacturing company, secured $25m in funding. The backers were not disclosed. The company intends to use the funds to...

Tech Talent Provider Andela Raises $24M in Series B Funding

Andela, a global tech talent provider, raised $24M in Series B funding. The round was led by Chan Zuckerberg Initiative, with participation from GV (formerly...

Africa Internet Group Receives €75M Equity Investment from Orange

Africa Internet Group, an African e-commerce platform, received a €75m equity investment from telecommunications operator Orange. The deal is part of a larger partnership to...

Africa Internet Group Secures €300M in Funding

Africa Internet Group, the parent of ecommerce platform Jumia, and other Internet platforms operating in Africa, secured more than €300m in funding. Backers included AXA...

Africa Internet Group Receives €75M Investment from AXA

Africa Internet Group (AIG), an African e-commerce group, received a €75m investment from insurance and asset management giant AXA. The investment is a part of...

Travelbeta.com Raises $2M in Seed Funding

Travelbeta.com, a Lagos, Nigeria-based online travel agency, raised a $2m in seed funding. Backers included a group of Nigerian Investors led by Altheus Limited. The...

Hotels.ng Raises $1.2M in Funding

Hotels.ng, a Lagos, Nigeria-based hotel booking platform, raised $1.2m in funding. Backers included EchoVC Pan-Africa Fund and Omidyar Network. The company, which had raised $225k in...

Jumia Raises €120M in Funding

Jumia, the African online retailer part of the Africa Internet Group, raised €120m in funding. Existing shareholders made the investment. Africa Internet Holding GmbH participated in...

Andela, Interview with CEO Jeremy Johnson

In a few words: Andela is a talent accelerator that prepares African developers and connects them with top employers globally. Yesterday, the company announced...

iROKOtv Raises $8M in Funding

iROKOtv, a Lagos-based VOD platform for Nigerian movies, raised $8m in funding. The round, which brought the total raised to $21m, was led by existing...

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