Tuesday, Apr 20, 21

Sawari Ventures and Algebra Ventures stake $150m on North African startups

One billion Egyptian pounds. That is how much Sawari Ventures raised for its Egypt-based fund. The fund has plans to ramp up investments in startups across the North Africa region. Depending on the prevailing conversion rate, Sawari’s raise is at least $63 million or up to $71 million. Either way, it is a giant leap
The post Sawari Ventures and Algebra Ventures stake $150m on North African startups appeared first on TechCabal. Read More TechCabal

Andela moves beyond Africa, now accepts developers from Latin and South America

Andela, the company known for connecting African software developers to global clients, has expanded their talent pool to welcome Latin and South...

Uber and Bolt drivers in Lagos begin strike action today to protest “systemic slavery”

For Uber and Bolt drivers to make ₦15,000 ($36) in revenues daily, they have to spend a minimum of 10 hours on Lagos roads. Shonuga also estimates...

Nigerian university students grapple with high internet costs among other concerns

Written by Olamilekan Toyeeb Abolade, NACOS National President Mowa Ijasanmi is a university student in southwest Nigeria. She spends as much as ...

Egyptian eCommerce startup Kemitt raises six-figure funding

Kemitt, an e-commerce startup headquartered in Egypt, has secured an undisclosed six-figure amount in funding from a group of Saudi Angel investors....

Sawari Ventures and Algebra Ventures stake $150m on North African startups