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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