Author: GAR STAFF
Fintech startups in Africa grew 81% in 2021, with South Africa, Nigeria, and Kenya emerging as key hubs on the continent, according to a Mastercard study on the state of fintech in African markets.
The top African startups have been ranked in Digest Africa’s “100 Most Funded African Startups” list, highlighting emerging companies across the continent.
Muqbis, an Egyptian handcrafts marketplace, has raised an undisclosed amount in a pre-Seed round by Nama Ventures.
Egyptian startup Suplyd raises USD 1.6 million in order to further digitize the country’s HORECA supply chain.
Saudi’s Jumlaty and Egypt’s Appetito, two eGrocery startups, have merged to create a new company, NOMU. The new company is present in four countries.
Strike action by the South African State-owned Transnet rail, port and pipeline company is impacting logistics, supply chains and the country’s reputation.
DP World and Somalia’s Government of Puntland have signed a construction agreement for expansion and upgrade work at the Port of Bosaso.
Dubai International Chamber now operates representative offices in 15 countries in order to foster international business and investment.
Moove raises USD 30 million from its debut sukuk to fund the building of the largest EV ride-hailing fleet in the UAE.
Hyosung Heavy Industries holds sod-turning ceremony at the Elandskop BESS site. Construction will take 7-12 months.