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African logistics startup Lori Systems raises Series A led by Chinese investors

African logistics startup Lori Systems raises Series A led by Chinese investors African on-demand trucking logistics company Lori Systems has raised a Series A round led by Chinese investors Hillhouse Capital and Crystal Stream Capital. Other participating investors included Nigeria and U.S.-based EchoVC, Flexport CEO Ryan Petersen and Nigerian founder Iyinoluwa Aboyeji. […]

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Nigeria’s CcHub acquires Kenya’s iHub to create mega Africa incubator

Nigeria’s CcHub acquires Kenya’s iHub to create mega Africa incubator Two of Africa’s powerhouse tech incubators will join forces. Nigerian innovation center and seed-fund CcHub has acquired Nairobi based iHub — CcHub CEO Bosun Tijani confirmed to TechCrunch. The purchase amount is undisclosed, but Tijani said CcHub will finance the deal out […]

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Only 2% of genomic material available for research comes from Africa, 54gene wants to change that

Only 2% of genomic material available for research comes from Africa, 54gene wants to change that New advances in genetic mapping and manipulation hold the promise of reshaping medical treatments in the 21st century, but thanks to a lack of sufficient infrastructure and apparent scientific disregard, an entire continent is at risk […]

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Africa Roundup: Yamaha backs MAX, Founders Factory and Norrsken support startups, inside Ethiopia’s tech scene

Africa Roundup: Yamaha backs MAX, Founders Factory and Norrsken support startups, inside Ethiopia’s tech scene Competition in Africa’s two-wheel ride-hail market is accelerating. Nigerian motorcycle transit startup MAX.ng was the latest startup to add funding, raising a $7 million funding round in June with participation of Japanese manufacturer Yamaha. Based in Lagos, […]

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MAX.ng raises $7M round backed by Yamaha and pilots EVs in Nigeria

MAX.ng raises M round backed by Yamaha and pilots EVs in Nigeria Nigerian motorcycle transit startup MAX.ng has raised a $7 million funding round led by Novastar Ventures, with participation of Japanese manufacturer Yamaha. Based in Lagos, the company’s app-based platform coordinates motorcycle taxi and delivery services for individuals and businesses. Six-million […]

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Norrsken opens East Africa startup fund and hub in Kigali

Norrsken opens East Africa startup fund and hub in Kigali Startups in East Africa have a new source for investment and mentorship. Sweden’s Norrsken Foundation—a coworking space and investment fund based in Stockholm—opened its tech fund and entrepreneurship hub in Rwanda today to support ventures across the region. Norrsken’s Kigali center is […]

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Nigeria’s Gokada raises $5.3M round for its motorcycle ride-hail biz

Nigeria’s Gokada raises .3M round for its motorcycle ride-hail biz In many large cities across Africa, motorcycle taxies are as common as yellow-cabs in New York. That includes Lagos, Nigeria, where ride-hail startup Gokada has raised a $5.3 million Series A round to grow its two-wheel transit business. Gokada has trained and […]

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Africa Roundup: Zimbabwe’s net blackout, Partech’s $143M fund, Andela’s $100M raise, Flutterwave’s pivot

Africa Roundup: Zimbabwe’s net blackout, Partech’s 3M fund, Andela’s 0M raise, Flutterwave’s pivot Jake Bright Contributor Jake Bright is a writer and author in New York City. He is co-author of The Next Africa. More posts by this contributor Partech is doubling the size of its African venture fund to $143 million […]

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Partech is doubling the size of its African venture fund to $143 million

Partech is doubling the size of its African venture fund to 3 million Jake Bright Contributor Jake Bright is a writer and author in New York City. He is co-author of The Next Africa. More posts by this contributor Zimbabwe’s government faces off against its tech community over internet restrictions Flutterwave and […]

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Facebook is not equipped to stop the spread of authoritarianism

Facebook is not equipped to stop the spread of authoritarianism After the driver of a speeding bus ran over and killed two college students in Dhaka in July, student protesters took to the streets. They forced the ordinarily disorganized local traffic to drive in strict lanes and stopped vehicles to inspect license […]

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