Africa’s top 5 startups hit $8.75bn valuation

The latest buzz in the startup world is that Africa’s top 5 startups have reached a combined valuation of $8.75 billion, showcasing the continent’s burgeoning entrepreneurial ecosystem. This impressive valuation highlights the innovative and dynamic nature of Africa’s startup scene, which is attracting global attention and investment. READ ALSO: VIDEO: Korra Obidi narrowly escapes knife, acid…

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Zeepay raises equity from Africa50, leading institutions to support expansion

The investment was led by Africa50 and Oikocredit, with participation from Injaro Ghana Venture Capital Fund (IGVCF) and Verdant Capital Hybrid Fund. The transaction also included a follow-on investment from Investisseurs & Partenaires (I&P), through its I&P Afrique Entrepreneurs II (IPAE 2) investment vehicle. The investment will support the expansion of Zeepay’s cross-border remittances and…

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Man runs whole of Africa in 352 days

Sore and sandblasted but triumphant, runner Russ Cook reached the northernmost point of Africa on Sunday, almost a year after he set off from its southern tip on a quest to run the length of the continent. Dozens of supporters gathered on a rocky outcrop beside the Mediterranean in northern Tunisia, cheering on the British…

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Who instigated slave trade in Africa, Arabs or African tribal leaders?

By Emmanuel-Francis Ogomegbunam There was nothing like the African or Arab slave trade. There was just the slave trade, which was no different from commodities trading today. One might trade Urals or Brent, Middling Fair or Low Middling, and you’d be a participant in the oil or cotton trade. Slaves were commodities to their traders and property to their owners. Both definitions were…

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