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Maroc Telecom has completed the acquisition from Millicom of 100 percent of its subsidiary Tigo Chad, following the agreement signed on 14 March. The acquisition aims to consolidate the presence [...]

South African digital lender Lulalend has raised a $6.5 million Series A round co-led by IFC and Quona Capital. The Cape Town based startup uses an online application process and internal credit [...]

A Nigerian utility firm, Arnergy, on Monday said it has raised $9 million in a Series A round of funding led by Breakthrough Energy Ventures and Norwegian Investment Fund for Developing Countries [...]

Healthtech company MDaaS Global, which is building a network of tech-enabled diagnostic facilities in Nigeria, has closed on seed funding totaling US$1mn. Led by Consonance Investment Managers, [...]

Alcoholic beverage investor Vasari Beverages has completed a $100-million capital raise to fund the expansion of its existing beverage operations in Ethiopia, as well as to pursue new [...]

Naspers Ltd. backed on-demand housekeeping service SweepSouth, part of a commitment to invest almost $100 million in tech startups in its home market of South Africa. The 30 million-rand ($2.1 [...]

Swvl, an Egyptian app for booking buses, has raised $42 million as it looks to expand into other parts of Africa, including Nigeria. The two-year-old company, which started in Cairo and also [...]

Ecobank Transnational says the International Finance Corp. and investment funds managed by the IFC Asset Management Co. have entered into a share purchase agreement with Dutch investment firm [...]

Earlier this year, Taz Technologies Inc (trading as MPOST), concluded a pre-Series A first round of funding for an undisclosed amount with Cape Town based VC, HAVAÍC. Developed by Kenyan founders [...]

Private equity firms seeking approval for deal, Energy and Petroleum Regulatory Authority Director-General Pavel Oimeke says by phone. * Melec Powergen’s Thika Power, the target, is a [...]

With a mobile phone and internet connection, you can get a nanny and child tutor for your child from Orcas, Cairo-based online hub for babysitters and tutors. The six-year-old startup has just [...]

Equatorial Cross Acquisitions, a management consultant and investment holding company, has bought a 25.1% stake in Ghana’s Ayrton Drug Manufacturing from Adcock Ingram, Ayrton said in a statement [...]

Old Mutual Private Equity (OMPE), the direct private equity investing arm of Old Mutual Alternative Investments, today announced the acquisition of a majority interest in Footgear, a leading [...]

Fund Focuses Exclusively on Startups in Financial Services, Spanning Europe, Africa, North America Velocity Capital announced today the launch of its €105M FinTech Ventures Fund dedicated to [...]