Browsing: Business

MENA startups have raised USD 646 million over 69 deals in October, taking 2022’s total raised to USD 3 billion over 551 deals, according to a report by Wamda and Digital Digest.

SANRAL, South Africa’s road agency, is receiving criticism following the awarding of lucrative contracts to Chinese companies.

WafR enables retail brands to offer smart promotions to grocers and is now valued at USD 10.12 million.

Yassir aims to provide a range of services from ride sharing to financial services and food and grocery delivery.

ClimaTech Run sees eight African firms reach the last 15. All the shortlisted startups are involved in combatting climate change and hail from a range of different sectors.

Payhippo, a Nigerian digital lender has acquired Maritime, enabling Payhippo to access Nigeria’s Inter-bank Settlement System.

Spotter is a Moroccan startup aiming to help companies verify cheques and assess customers’ creditworthiness.

MENA startups from Egypt, Saudi and the UAE stood out this October, with fintech, e-commerce and logistics standing out.

Shoprite Group, Africa’s largest fast-moving consumer goods retailer invests in Omnisient, Africa’s first privacy-preserving data collaboration platform provider.

Money Fellows, an Egyptian fintech, raises USD 31 million as it digitizes money circles, where individuals form savings and borrowing groups.