Norrsken22 raises $205 million to back African fintech and edtech startups
News Pan-African venture capital firm, Norrsken22 has closed its $205 million Africa Tech Growth Fund to back fintech, edtech and healthtech startups. Pan-African venture capital firm, Norrsken22 today announced the final close of its first fund at $205 million. According to a statement seen by Bendada.com, the fund will focus on growth-stage entrepreneurs developing fintech,
Novastar and SBI Holdings enter a $40m multi-fund partnership – Techpoint Africa
This increases its markets to seven: Ghana, Kenya, Nigeria, South Africa, Côte d’Ivoire, Egypt, and Rwanda. After a six-month pilot period with a …
Global Unicorn founders provide 59% of $205 million Norrsken22 African Tech Growth fund
Innovation … Nigeria, South Africa, Kenya, and Ghana. The Pan-African growth-stage …
Nigeria dump Kenya out of Paris Olympics qualifiers
The national women’s hockey dreams of competing in next year’s Paris Olympics have been crushed after going down 1-0 to Nigeria in the Africa hockey qualifiers in Pretoria, South Africa. The women’s team were seeking to seal a slot for their maiden appearance at the Olympic Games. Johnson Benedicta’s goal in the third minute of
Mdundo.com partners with Aleph to boost sales in Africa
Mdundo.com, a leading African music streaming platform, has announced a strategic partnership with Aleph, a global digital advertising technology company. The partnership aims to boost Mdundo’s sales in Africa by expanding its advertising reach and engagement. According to a statement seen by BusinessDay, this partnership will allow Aleph to assume the role of an authorised
Transport costs making Ugandan exports uncompetitive, says report
Transport and logistics comprise between 35 percent and 42 percent of production costs in Uganda, according to a report by Standard Bank, which trades as Stanbic in Uganda. The report – Africa Trade Barometer – which measures performance of trade in 10 African countries including Uganda, Angola, Ghana, Kenya, Mozambique, Namibia, Nigeria, South Africa, Tanzania,
Flutterwave’s founder, Olugbenga Agboola, others back Norrsken22’s $205 million tech fund
Unicorn founders including Flutterwave’s Olugbenga Agboola, Skype’s Niklas Zennström, and Delivery Hero’s Niklas Östberg, have invested in Norrsken22’s $205 million African tech fund. Norrsken22, an Africa-focused venture capital firm, received the backing of more than 30 unicorn founders and institutions in securing the funds for new tech investments on the continent. Other investors in the
ClimateLaunchPad Green Business Ideas Competition: Regional Finals
The participating nations include South Africa, Kenya, Nigeria, Ghana, Egypt, Morocco, Tanzania, Uganda, Angola, Mozambique as well as the island …
Innovation and inclusivity at play as Obroni Wawu October gets laudable reviews
Over a thousand people from different backgrounds were present at Rawlings Park in Accra on October 29, 2023, for the second edition of the Obroni Wawu festival. The event, hosted under the theme “The Adeɛyie (to make better) Resurrection”, brought fashion enthusiasts and key stakeholders from different parts of the country and beyond, to celebrate
SA hockey teams on verge of qualifying for Paris Olympics
South Africa’s men’s and women’s hockey teams stand on the brink of Olympic qualification after winning their semifinal matches at the continental tournament in Pretoria on Friday. They both played Ghana and both won 7-0. To secure their tickets to Paris 2024 the men need to beat Egypt in their final at Tuks on Sunday,